Tuesday, August 17, 2010

20100817 0959 Global Market News.

Dollar, Japan shares test lows on global woes
SINGAPORE, Aug 17 (Reuters) - The U.S. dollar headed toward a 15-year low against the yen and Japanese shares slid as weak U.S. data added to worries about a global slowdown.
"We are worried that some people are saying there is a 25 percent chance of a double-dip recession, and some people are talking about deflation," said Peter McGuire, managing director at CWA Global Markets in Sydney. 

GLOBAL MARKETS: Treasuries, gold rise as search for safety rules
NEW YORK, Aug 16 (Reuters) - U.S. Treasury prices rose on Monday and global stocks were little changed as weak growth in Japan added to worries over a tepid global economic recovery and cut investors' appetite for risk.
"The phrase du jour is going to be deflation and it's not only going to last for a day but for some time," said Christian Cooper, senior rates trader at Jefferies & Co in New York. 
Swiss franc, bonds rise on growth concerns

LONDON, Aug 16 (Reuters) - The euro fell sharply versus Swiss franc on Monday and safe-haven U.S. and German government bond yields hit new lows after much weaker than expected growth numbers from Japan added to worries over a faltering global economic recovery.
"What has been driving sentiment for a little while now has been this concern about the loss of momentum in the global recovery," said Mike Lenhoff, chief strategist and head of research at Brewin Dolphin in London.

Japan's growth slows amid worry about yen's climb
TOKYO, Aug 16 (Reuters) - Japan's economic growth slowed to a crawl in the second quarter and analysts see more weakness ahead, adding to policymakers' headaches as they grapple with deflation and a rise in the yen that threatens an export-reliant recovery.
Slowing growth in main export destinations such as the United States and China clouds the outlook, while policymakers are trying hard to talk down the yen  after it surged to a 15-year high against the dollar last week.

S.Korea July exports growth to China, U.S. slows
SEOUL, Aug 16 (Reuters) - Annual growth in South Korean exports to China and the United States slowed in July, customs data showed on Monday, adding to worries that a waning global economic recovery may crimp demand for the country's goods.
But export values to China and the United States hit record monthly highs, prompting hopes any slackening rebound in major markets may have a smaller impact on exports than feared, analysts said.

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