Asian Markets Mixed Amid Cautious Trades

Asian stock markets are mixed on Thursday despite the overnight gains on Wall Street after the Federal Reserve left interest rates at near-zero levels and reiterated its commitment to use its full range of tools to support the U.S. economy amid the coronavirus pandemic. Meanwhile, the relentless surge in coronavirus cases across the world dampened investor sentiment. According to data […]

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Japan stocks fall from one-week high on dour earnings, firmer yen

TOKYO, Aug 5 (Reuters) – Japanese shares retreated from a one-week high on Wednesday as downbeat earnings reports underscored the economic blow from the COVID-19 pandemic and a firmer yen weighed on exporters. The Nikkei index ended down 0.26% at 22,514.85, with the telecommunications and the consumer discretionary sectors leading the declines. The broader Topix fell 0.04% to 1,554.71. The […]

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JGB yields fall, curve flattens as recovery hopes lose steam

TOKYO, Aug 5 (Reuters) – Japanese government bond yields fell on Wednesday and the yield curve flattened, as hopes for a swift economic recovery from the coronavirus outbreak started to fade. The move followed a similar decline in U.S. Treasury yields. The five-year Treasury yield hit a record low on Tuesday and the benchmark 10-year Treasury yield fell to a […]

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JGBs gain after solid 10-year debt auction

TOKYO, Aug 4 (Reuters) – Most Japanese government bond prices rose on Tuesday as a successful 10-year debt sale offset a rally in Tokyo equities. The bid-to-cover ratio, a gauge of demand, at the 2.6 trillion yen ($24.51 billion) 10-year debt sale was at 3.64, little changed from the previous auction’s 3.66. Following the auction result, benchmark 10-year JGB futures […]

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China factory activity up for 5th month, Japan snaps 4-month fall

BEIJING/TOKYO • China’s factories stepped up activity in July for the fifth straight month as improving prospects for electrical and pharmaceutical goods helped sustain a broader recovery from earlier coronavirus shutdowns. The world’s second-largest economy has largely shaken off the strict lockdowns that led to weeks of business paralysis earlier this year, although it is now battling a resurgence of […]

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Resurgent Covid-19 Wreaks Havoc From Japan to U.K.: Virus Update

In this article Tokyo suffered record new infections and an emergency may be declared if the situation worsens. Tighter restrictions loom in Melbourne as a case spike grows. Millions of people in northern England returned to a partial lockdown. In the U.S., there were unprecedented deaths in Texas, Florida and Arizona, and California endured its second-deadliest day. Gilead Sciences Inc. […]

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Dollar dips as Trump floats idea of election delay

NEW YORK (Reuters) – The U.S. dollar dipped on Thursday after U.S. President Donald Trump raised the possibility of delaying the nation’s November presidential election, and it is on track for its worst monthly performance in a decade as the spread of the coronavirus continues to weigh on the U.S. economy. Trump repeated claims of mail-in voter fraud, writing on […]

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Euro jumps, dollar hurt by coronavirus spread

NEW YORK (Reuters) – The dollar tumbled to an almost two-year low against the euro on Monday on concerns about a growing number of coronavirus cases in the United States, and before the Federal Reserve this week is expected to confirm its commitment to rock bottom rates. “It seems like we’re seeing the dollar lose its crown,” said Edward Moya, […]

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JGB yields edge up ahead of 40-year auction

TOKYO, July 27 (Reuters) – Japanese government bond yields edged up on Monday, the first trading session after a long weekend, as traders hedged positions ahead of Tuesday’s 40-year debt auction. The 10-year JGB yield added half a basis point to 0.015%, while the benchmark 10-year JGB futures were down 0.04 point to 152.34, with a trading volume of 10,581 […]

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