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Asian shares hit 3-month high on hopes for Europe, more easing
Aug 8th, 2012
TOKYO (Reuters) - Asian shares extended gains to a third straight session on Wednesday, reaching a three-month high, as investors continued to bet that policymakers will soon take decisive action to address the euro zone fiscal crisis and declining global growth. Oil and copper eased from their highs but remained underpinned by such hopes, while the euro stabilised and safe-haven government bonds suffered from weakening demand. But European stocks were likely to be more guarded, with U.S. stock futures signalling a softer Wall Street start. ... (Source: Reuters) -
By Masayuki Kitano SINGAPORE (Reuters) - The dollar held firm near a 10-month high versus a basket of currencies on Friday after a U.S. Federal Reserve official said the central bank may begin to taper its asset buying this summer, while Asian shares were mixed. U.S. equities had sagged on Thursday after John Williams, president of the Federal Rese... [Full Article]
By Herbert Lash NEW YORK (Reuters) - Global equity markets advanced on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested the currency might have weakened enough. Major American and European stock indices are up double digits ... [Full Article]
TOKYO (Reuters) - Japan's Nikkei share average eased from a 5-1/2-year high on Tuesday as Wall Street ended flat and the dollar slipped against the yen on caution before U.S. Federal Reserve Chairman Ben Bernanke's testimony. The Nikkei fell 0.6 percent to 15,269.85, while the broader Topix index dipped 0.2 percent to 1,266.71. (Reporting... [Full Article]
Reuters Market Eye - Shares in Mahindra and Mahindra Ltd gain 3.8 percent, after stocks of its subsidiary Ssangyong Motor Co Ltd hit a 16-month high, dealers say. Shares in Ssangyong Motor jumped as much as 13.5 percent on Monday amid expectations the ailing automaker may post a profit this year. Ssangyong Motor's factory utilisation and sales... [Full Article]
VATICAN CITY (AP) - German Chancellor Angela Merkel, mindful of the weight of Christian voters in September elections, made a quick trip to Rome Saturday for a private meeting with Pope Francis, focusing on how Europe's struggling economy should be at the service of the people. (Source: Associated Press)... [Full Article]
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