Tag Archives: Asian

Asian factories lose some momentum in May on soft export demand

Factories across much of Asia ran into a soft patch in May as export demand slowed, but analysts said the weakness was likely to be temporary amid signs of steady improvement in the global economy. The findings from private business surveys came a day after Moody’s Investors Service painted an upbeat picture of global growth. The readings add… Read More »

Greece, Italy tensions hit euro, Asian stocks, lift yen, gold

Concerns about a Greek bailout, early Italian elections and comments by the European Central Bank chief about the need for continued stimulus all kept the euro under pressure on Tuesday. The European geopolitical fears sapped risk appetite, weighing on Asian stocks and lifting safe havens including the yen and gold, though trading was thin with several markets closed… Read More »

Asian shares slip in holiday-thinned trade, focus turns to U.S. data

Asian shares struggled on Thursday after a lacklustre performance on Wall Street, with investors looking to U.S. economic data later in the day for potential catalysts even as markets started winding down ahead of the holidays. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS erased early modest gains and slipped 0.3 percent, while Japan’s Nikkei stock index… Read More »