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Foreign investors cut China bond holdings in April as yuan slumped

SHANGHAI, May 18 (Reuters) - Foreign investors cut their holdings of Chinese yuan-denominated bonds for the third consecutive month in April, the longest such stretch on record, as a sliding yuan and evaporating yield premiums on Chinese debt ate away at the instruments' appeal. Investors outside of China held Chinese bonds worth a total of 3.77 tr

Morning News Call - India, May 18

To access a PDF version of this newsletter, please click here Link If you would like to receive this newsletter via email, please register at: Link FACTORS TO WATCH Reserve Bank of India to release minutes of Monetary Policy Committee's May meeting in Mumbai. 10:00 am: Ethos IPO opens for subscription, Paradeep Phosphates IPO subscription continues

Asian stocks wobble as growth doubts loom

* Asia struggles to carry on Wall St rally * Japan economy shrinks, Aussie wages data misses * U.S. dollar steadies after slump from 20-year peak By Tom Westbrook SINGAPORE, May 18 (Reuters) - Asia's stockmarkets struggled to carry recent gains into a fourth straight session on Wednesday and the U.S. dollar steadied, as nagging doubts about inflati
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Australia Q1 wage gains underwhelm, take heat out of rate talk

By Wayne Cole SYDNEY, May 18 (Reuters) - Australian wage growth ticked up by only a fraction last quarter even as a tightening labour market and record vacancies heightened competition for workers, leading investors to scale back bets on larger increases in interest rates. Figures from the Australian Bureau of Statistics on Wednesday showed its wag

Japan's Nikkei hits highest in nearly 2 weeks after Wall Street's jump

TOKYO, May 18 (Reuters) - Japan's Nikkei rose on Wednesday to its highest in nearly two weeks, with technology heavyweights leading the rally, after Wall Street closed sharply higher overnight on strong retail sales data. The Nikkei share average .N225 was up 0.6% at 26,807.30, as of 0141 GMT, after hitting its highest since May 6 at 27,053. The br
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Most Asian currencies largely flat; S.Korean won firms

May 18 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0212 GMT on Wednesday. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 129.160 129.39 +0.18 Sing dlr 1.386 1.3847 -0.10 Taiwan dlr 29.677 29.732 +0.19 Korean won 1269.800 1275 +0.41 Baht 34.585 34.52 -0.19 Peso 52.420 52.38 -0
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Foreign investors cut China bond holdings for 3rd straight month in April

SHANGHAI, May 18 (Reuters) - Foreign investors cut their holdings of Chinese yuan-denominated bonds for the third consecutive month in April, official data showed on Wednesday. Foreign investors held Chinese bonds worth a total of 3.77 trillion yuan ($558.77 billion) at the end of April, according to Reuters calculations using data released by the

U.S. wheat, corn futures retreat, soybeans extend gains

May 18 (Reuters) - U.S. wheat futures fell in early Asian trading on Wednesday on profit-taking after two sessions of gains, but soybeans edged higher to hit a more than two-week high, while corn was on track for a second session of decline. FUNDAMENTALS * The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was down 1.7% at $12.
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S.Korean stocks flat as policy tightening fears outweigh upbeat data

* KOSPI flat, foreigners net buyers * Korean won strengthens against U.S. dollar * South Korea benchmark bond yield rises SEOUL, May 18 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares gave up early gains to trade flat on Wednesday, as worries of aggressive monetary tightening overshadowed upbeat economic data in the U

China April new home prices fall for the first time since Dec

* April new home prices on month fell for the first time since Dec * April new home prices on year rose the slowest since Oct 2015 BEIJING, May 18 (Reuters) - China's new home prices in April fell for the first time month-on-month since December, official data showed on Wednesday, depressed by strict COVID-19 lockdowns in many cities, despite more

Australia wages rise 2.4% y/y in Q1, short of forecasts

SYDNEY, May 18 (Reuters) - Australian wage growth rose to a three-year high last quarter as a tightening labour market and record vacancies drove competition for workers, yet that was still short of market forecasts and could lessen the need for aggressive rate hikes. Figures from the Australian Bureau of Statistics out on Wednesday showed its wage

China April new home prices fall for the first time since Dec

BEIJING, May 18 (Reuters) - China's new home prices in April fell for the first time month-on-month since December, official data showed on Wednesday, depressed by strict COVID-19 lockdowns in many cities, despite more easing steps aimed at supporting demand. Average new home prices in 70 major cities fell 0.2% on a month-on-month basis, compared w

Euro and sterling helped by improved market sentiment

By Alun John HONG KONG, May 18 (Reuters) - Overnight surges left the euro and pound sitting pretty in early Asia helped by good U.K. jobs data and a general improvement in investor sentiment on solid U.S. retail sales and hopes of easing lockdowns in China. The European common currency touched $1.0563 EUR=EBS in early Asia trade, after rising 1.1%
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Australia shares climb for fourth day, Fortescue gains on leadership changes

May 18 (Reuters) - Australian shares rose for a fourth straight session on Wednesday, lifted by mining and technology stocks, while miner Fortescue Metals jumped after it announced the return of its founder Andrew Forrest to oversee the iron ore business. The benchmark S&P/ASX 200 index .AXJO jumped 1.2% to 7,195.5 by 0031 GMT. In other key global
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Gold firms as softer dollar negates pressure from higher yields

May 18 (Reuters) - Gold prices edged higher on Wednesday, as a weakening dollar countered pressure from stronger Treasury yields and an aggressive stance on inflation by the U.S. Federal Reserve chief. A weaker dollar makes gold more attractive for buyers holding other currencies. FUNDAMENTALS * Spot gold XAU= was up 0.1% at $1,816.56 per ounce, by
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Oil prices climb on hopes of China demand recovery

By Isabel Kua SINGAPORE, May 18 (Reuters) - Oil prices rose more than $1 a barrel in early Asian trade on Wednesday on hopes of demand recovery in China as the country gradually eases some of its strict COVID-19 containment measures. Brent crude LCOc1 futures were up $1.15, or 1.0%, at $113.08 a barrel at 0042 GMT, while U.S. West Texas Intermediat
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Europe fills gas storage at record rate as Asia's buyers step aside: Kemp

By John Kemp LONDON, May 17 (Reuters) - Europe's gas inventories are rebuilding after winter at the fastest rate on record as the region's buyers outbid competitors from Asia to acquire as much gas as possible at any price. Stocks in the European Union and United Kingdom (EU28) have risen by 151 terawatt-hours (TWh) since the start of April and 159

British Business - May 18

May 18 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - UK finance minister Rishi Sunak is drawing up plans to increase the warm home discount by hundreds of pounds before cutting taxes to help with the cost-of-living

Japan's GDP shrinks as surging costs raise spectre of deeper downturn

* Q1 annualised GDP -1.0% vs forecast -1.8% * Consumption, import bills weigh on growth * Ukraine war, COVID-19, cost-push inflation cloud outlook * Weak data may prompt call for more spending as polls loom By Daniel Leussink and Tetsushi Kajimoto TOKYO, May 18 (Reuters) - Japan's economy shrank for the first time in two quarters in the January-Mar

Tokyo's Nikkei share average opens up 0.63 pct

TOKYO, May 18 (Reuters) - Japan's benchmark Nikkei average .N225 opened up 0.63 percent at 26,826.82 on Wednesday, while the broader Topix .TOPX gained 0.66 percent at 1,878.94.
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