InfoAnda - Japan growth data, Fed comments lift Asian stocks

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Peru's Humala says to boost social spending to avert conflicts | | 29 July 2012
Thai PM rejects protesters' call for election | 1 February 2009
Jordan has 'proof' Aqaba rocket fired from Egypt | 3 August 2010

Prosthetic Leg Believed To Be That of Missing Girl | 29 October 2010

Forum Views () Forum Replies ()

Read more with google mobile : Japan growth data, Fed comments lift Asian stocks

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Japan growth data, Fed comments lift Asian stocks AFP - Friday, June 11 Send IM Story Print Japan growth data, Fed comments lift Asian stocks HONG KONG (AFP) - – Better-than-expected growth data out of Japan and comments from the Federal Reserve chief that the US economic recovery was on track boosted most Asian stocks on Thursday. And the euro extended gains made in New York as dealers were upbeat ahead of a rate-setting meeting of the European Central Bank. Tokyo ended 1.10 percent higher, adding 103.52 points to 9,542.65. The Nikkei index was given a lift by figures showing the economy grew 5.0 percent in the March quarter, up from an initial estimate of 4.9 percent and beating forecasts for a fall. The main driver of the expansion was exports, the data showed, although there were improvements in domestic consumption, lifting hopes in the fight against deflation. Hong Kong closed 11.46 points higher at 19,632.70. Sydney rose 1.14 percent, or 50 points, to 4,435.3, with mining leading the way on news that China's trade surplus soared in May thanks to a surge in exports. Beijing Thursday posted a 48.5 percent year-on-year jump in shipments due to demand for Chinese-made clothes and electronics. Investors also cheered news that the Australian unemployment rate had dropped to 5.2 percent in May from 5.4 percent the previous month. But the strong export data had little effect on Chinese stocks, with analysts saying the figures had already been priced into a late rally in the previous session. News that house prices rose 12.4 percent last month also weighed on property developers and banks as dealers do not expect any easing of tightening measures aimed at reining in the property market. Shanghai lost 0.82 percent, or 21.29 points, to end at 2,562.58. The trade data came after US lawmakers Wednesday vowed to launch legislative action in two weeks to punish China for refusing to revalue the yuan, claiming the currency is undervalued and gives the country an unfair trade advantage. "Strong export growth and a sharp pick-up in China's trade surplus will not go unnoticed in Washington," said Brian Jackson, a senior analyst at Royal Bank of Canada in Hong Kong. The single European currency jumped to 1.2067 dollars in Tokyo morning trade, from 1.1975 in New York late Wednesday, while it gained to 110.11 yen from 109.35. The euro extended gains from New York ahead of the ECB meeting Thursday, in which few expect the record low interest rate of 1.0 percent to be changed. But bank president Jean-Claude Trichet will have to answer questions about how he plans to steer it out of its biggest crisis ever and restore confidence in the single currency. Most dealers want details on the bank's decision to buy debt issued by countries such as Greece, Ireland and Portugal and on how long the controversial Securities Market Program might last. Fed chairman Ben Bernanke told Congress Wednesday that the US economy was on track to grow 3.5 percent this year and only suffer a "modest" impact from the eurozone debt crisis. "The economy... appears to be on track to continue to expand through this year and next," he said, adding that the pace of recovery would likely quicken in 2011, on the back of rising consumer spending, trade and investment. US consumers, long the drivers of the world's largest economy, are spending around 3.5 percent more today than they were this time last year, Bernanke said. But he warned the property market continued to drag on the recovery, as prices are pushed down by vast numbers of vacant houses and home builders struggle to get credit. The Fed later published its latest Beige Book report on the state of the US economy, which said labour market conditions "improved slightly with permanent employment levels edging up in most districts". US unemployment currently stands at 9.7 percent. However, Wall Street was not too impressed and the Dow sank 0.41 percent. Oil turned higher in Asian trade. New York's main futures contract, light sweet crude for delivery in July, rose 18 cents to 74.56 dollars a barrel while London's Brent North Sea crude for July was up six cents to 74.33 dollars. Gold closed at 1,226.00-1,227.00 US dollars an ounce in Hong Kong, down from Wednesday's close of 1,233.00-1,234.00 dollars. In other markets: -- Singapore closed 1.23 percent, or 33.78 points, higher at 2,779.58. Banking group DBS rose 1.36 percent to 13.44 Singapore dollars, Singapore Telecom added 2.43 percent to 2.95 dollars and Singapore Airlines was up 1.97 percent to 14.52 dollars. -- Seoul closed 0.27 percent, or 4.48 points higher at 1,651.70. -- Taipei rose 1.56 percent or 110.10 points to 7,181.77. Hon Hai added 3.53 percent to 117.5 Taiwan dollars while Taiwan Semiconductor Manufacturing Company was up 1.37 percent to 59.4. -- Kuala Lumpur ended up 0.10 percent, or 1.23 points, at 1,291.31. Among major stocks, hospital operator KPJ rose 4.6 percent to 3.20 ringgit as consumer goods firm Hai-O climbed 2.2 percent at 4.19 while satellite firm Measat slid 1.3 percent to 2.96. -- Jakarta lost 0.54 percent, or 15.01 points, to 2,770.78. -- Manila fell 0.93 percent, or 30.34 points, to close at 3,224.49. Philippine Long Distance Telephone lost 0.2 percent to 2,380 and Metropolitan Bank was off 2.7 percent at 53.50. -- Wellington edged 2.22 points higher to 3,002.33. Dealers were given a lift by news the central bank had increased interest rates by 25 basis points to 2.75 percent. Telecom ended 3.3 percent higher at 1.87 New Zealand dollars and New Zealand Oil and Gas added 3.7 percent to 1.41. -- Bangkok added 0.52 percent, or 3.95 points, to close at 768.16. Banpu gained 4.00 baht to close at 602.00 while PTT Plc was unchanged at 245.00. -- Mumbai rose 1.59 percent, or 264.19 points, to 16,922.08. Mobile phone firm Bharti Airtel rose 4.81 percent to 285.25 rupees after the company this week completed its acquisition of Kuwait's Zain telecom. Tata Motors rose 4.31 percent to 759.45 on strong sales for May. Recommend Send IM Story Print Related Articles Shiseido sees rising labour costs in China AFP - 50 minutes ago Chinese thirst drives oil demand: IEA AFP - Friday, June 11 Japan growth data, Fed comments lift Asian stocks AFP - Friday, June 11 Japan growth revised higher in first quarter AFP - Friday, June 11 Honda says two China plants to resume production AFP - Friday, June 11 News Search Top Stories BP shares slump as Obama tightens screws BP shares slide on oil spill fallout Blackhawks snap NHL's longest Stanley Cup drought Obama sees Mideast 'progress' possible this year Costner touts technology for Gulf spill cleanup More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Abu Dhabi to build 'world's largest' solar plant British students given 'sexy high-heel lessons' Costner touts technology for Gulf spill cleanup Finland slips back into surprise recession Athens rejects default rumours as economy slumps More Most Viewed » Hubble catches planet being devoured by its star The point about pain: New study sheds light on acupuncture Clashes as Israeli forces storm Gaza aid boat: Hamas TV Egypt unearths tomb of pharaonic army chief Physicists solve mystery of missing neutrinos More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 10 June 2010
Obama sees Mideast 'progress' possible this year
French hostage in Somalia asks help for release: SITE
Google gives itself a jolt of 'Caffeine'
UN slaps fourth set of sanctions on Iran
Abu Dhabi to build 'world's largest' solar plant
Estonia helps Afghan parliament with e-voting
UN hits Iran with new sanctions
Athens rejects default rumours as economy slumps
Rights group charge Turkey for Internet clampdown
Taliban down NATO helicopter in bloody week for alliance
British students given 'sexy high-heel lessons'
Zynga launches new Facebook game, 'FrontierVille'
Russia 'trusts and believes' in the Euro: Putin
Dutch vote seen deadlocked |
Putin says "too early to predict my future"
Italian government calls confidence vote on wiretap law |
Copter shot down in Afghanistan; 4 Americans dead
Somali group issues video of French hostage |
Darfur rebels free 35 Sudan army prisoners |
China stresses dialogue, negotiation on Iran
Uzbekistan, China pledge closer energy and security ties
Indonesian police probe celebrities over sex videos
Seven killed as gunmen torch NATO trucks in Pakistan
S.Lanka president's India visit marred by protests
Target Nearly Doubles Quarterly Dividend
Woman Having Sex On Picnic Table Charged With Adultery, Public Lewdness
Bernanke Says Recovery On Track, But Employment May Lag
US Silent Films Come Home From New Zealand
Google protests Apple's iPhone developers agreement |
Japan finance chief says won't pressure central bank
U.N. Security Council Imposes New Sanctions On Iran
Animal Deaths From Oil Spill Only Now Becoming Known
Motorola: Droid sales extremely strong |
David Tennant Joins Colin Farrell In Upcoming "Fright Night" Remake
Game makers gear up for splashiest E3 yet |
Texas Principal Fired For Child Neglect
Ashley Tisdale Starts Production On "Sharpay's Fabulous Adventure"
Violent videogames harmless for most kids: studies |
World Bank: India To Grow 8 Percent In 2011
'Time' for Spanish photo festival to open
Brazil's prosperity bursts forth on catwalk
600 watch 'The Cove' in Tokyo despite protest
Maalouf wins Spain's Prince of Asturias award
Johannesburg: A Tale of Two Cities
W.Cup concert, opening ceremony to have African vibe
Jack Johnson sets sail at No. 1 on U.S. pop chart |
A-Team a remake? That's idiotic says director |
Soweto concert to get fans warmed up for World Cup |
Shakira gives dance lesson in South Africa township |
Paramount revives hit film Ghost in Japan |
Katy Perry rules singles chart with summer anthem |
Taliban blamed for Afghan wedding carnage
Ten rebels killed in Chechnya
U.N. council hits defiant Iran with new sanctions |
Hackers obtain email addresses of iPad 3G owners
Afghan wedding 'attack' kills more than 40
Suicide bomber kills dozens at Afghan wedding party |
Second Life creator Linden Lab laying off staff
Liberals draw one seat ahead of Labour in Dutch vote
Blackhawks snap NHL's longest Stanley Cup drought
Austerity-minded Liberals lead in Dutch poll |
US, Europe welcome fresh UN sanctions
Partial results point to deadlock in Dutch election
Obama sees Mideast 'progress' possible this year
Google says Apple terms would bar its ads on iPhones
Jack Johnson Earns Third #1 Album With "To The Sea"
Global cyber security experts to meet in Estonia
Costner touts technology for Gulf spill cleanup
Suicide attack kills 40 at Afghan wedding party
North Korea seeks to soothe China over border shootings |
Liberals, Labour tie Dutch vote: exit poll
China wants more dialogue on Iran nuclear issue
Russia detains top Caucasus rebel leader: official
Skepticism reigns as Thai PM makes reconciliation bid |
Afghan ex-spy boss opposes talking to Taliban
S.Korean government website hit by cyber attacks
Death is no escape from Internet in Hong Kong
N.Korea vows punishment for China border deaths
Mexico seethes over fatal US border shooting of teen
Sri Lanka arrests kissing couples
China journalists robbed at World Cup
Jennifer Aniston To Play Her Sexiest Role Yet In "Horrible Bosses"
Ahmadinejad due in China after sanctions slap
AT&T: iPad user data exposed via security flaw |
California Passes Expanded Anti-Paparazzi Law
Jack Johnson Earns Third #1 Album With "To The Sea"
China housing activist maintains defiant stand
Detroit Council Seeks Better Hiring Chance For Felon Job Applicants
US presses China to rein in N.Korea
Congress Considers Removing Oil Company Liability Cap for Spills
Blockade in Indian state hits supplies to region
U.S. Markets Finish Lower As Energy Names Weigh
S.Korean activists protest visit by Israel's Peres
S.Korea's Samsung to invest in US plant
Japan growth revised higher in first quarter
China trade surplus soars in May on export boom
Foxconn stops payments to suicide workers' families
S.Korea freezes key rate for 16th month
Soccer City stadium springs out of mine dumps
Honda says two China plants remain closed
Attack throws light on London's urban foxes
Exhibition opens wardrobes of opera's super stars
Football fever grips township
US lawmakers see action on yuan in two weeks
US unveils new passport rules for transgender people
China accused of 'honey laundering' by US senator
Evita comes back to Broadway, with Ricky Martin in tow
Bank of Korea keeps rate at record low 2 percent
5,500-year leather mocassin world's oldest shoe
Britney Spears' ex-manager, mom escalate legal feud |
Foxconn considering Taiwan production
Thinking man's mystery: Stolen Descartes letter returned
Which sitcom actresses rarely watch their shows? |
US author Kingsolver wins top book award for women
Ricky Martin to star in Evita on Broadway |
Bourne goes back to basics |
British PM visits Afghanistan, rules out more troops
Internet memorial site launched in Hong Kong
Kandahar mission 'to go slower than planned': NATO
BP shares slump as Obama tightens screws
British PM visits Afghanistan
Spain labor talks fail |
BP shares slide on oil spill fallout
Fergie Releasing Outspoken Avon Fragrance
Dodd Calls On Yale University To Return Artifacts To Peru
McChrystal sees slower pace for Kandahar operation |
Pirate fishing takes root off West African coast |
Passport Rules Change For Transgendered Travelers
Suicide attack kills 40 at Afghan wedding party
Star Jones Writing Novel About "The View"-Like Show
Congolese retrial condemns two Norwegians to death |
NJ Terror Suspects Scheduled To Appear In Court
Iran election anniversary rally called off |
Arizona Authorities Drop Case Against Warren Jeffs
Police arrest second accomplice in Serb PM's killing |
PA Environmental Officials Suspend Contractor In Natural Gas Blowout
Tom Cruise To Reprise Les Grossman Role In Planned Film
Uninsured At Increased Risk Of Dying In The Hospital
Texting, Talking While Driving Almost As Dangerous As Drunk Driving, Doctor Says
S.Korea rocket blows up minutes after blast-off
Obama 'to help' Philippine president-elect quit smoking
Australia stuntman sets ball tricks record
World Cup fever infects millions in Asia
Global warming spells doom for Asia's rivers
Japan prosecutors seek jail for anti-whaling man
NZ minister admits putting porn on expenses
Apple faces U.S. antitrust scrutiny: report |
N.Zealand police to probe Google over privacy
Chinese thirst drives oil demand: IEA
Japan growth data, Fed comments lift Asian stocks
Hollywood revives television's 'A-Team'
Sands' Singapore resort sued by Asian lawyer group
Strikes put China on spot over labor unrest
Israeli author scoops German literary peace prize
Hollywood revives television's 'A-Team'
Hollywood's Most Influential Celebrities
The Most Dangerous Job In Vegas
Music's New Entrepreneurs
Hollywood's Hardest-Working Actors
Susan Boyle expected to sing for the Pope |
Why Hollywood Loves A Remake
DEVO returns with fan-driven album |
A-Team a remake? That's idiotic says director |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01