Japan shares up, yen steady on easing talk
SINGAPORE, Aug 19 (Reuters) - Japanese shares rose on Thursday, outperforming the rest of Asia, and the dollar held steady on a report that the Bank of Japan was considering new monetary easing measures to weaken the yen's export-sapping rise.
"Until we get a clear sentiment shift, the markets are still catering mostly to those with a very short-term trading bias, or a very long-term perspective. For everyone in between, the gut-wrenching could continue for awhile," Randy Frederick, director of trading and derivatives for Charles Schwab, said in a note.
SINGAPORE, Aug 19 (Reuters) - Japanese shares rose on Thursday, outperforming the rest of Asia, and the dollar held steady on a report that the Bank of Japan was considering new monetary easing measures to weaken the yen's export-sapping rise.
"Until we get a clear sentiment shift, the markets are still catering mostly to those with a very short-term trading bias, or a very long-term perspective. For everyone in between, the gut-wrenching could continue for awhile," Randy Frederick, director of trading and derivatives for Charles Schwab, said in a note.
GLOBAL MARKETS: Stocks eke out gain on mixed earnings, oil dips
NEW YORK, Aug 18 (Reuters) - World stocks scratched out gains on Wednesday after a forecast from U.S. retailer Target Corp aided the consumer outlook in a field of tepid earnings, while energy shares fell as crude oil prices were pressured by a disappointing industry report.
"The market is still rangebound. There is no conviction at the moment, and this will go on until September when investors come back from holiday," said Alexandre Le Drogoff, technical analyst at Aurel BGC in Paris.
Stocks weakened by oil, BHP move
LONDON, Aug 18 (Reuters) - World stocks were flat on Wednesday, held back by losses in Europe that were partly caused by energy shares taking a beating from the weaker oil price.
Wall Street looked set to open flat.Shares of global miner BHP Billiton remained in focus, falling 2 percent in London on concerns that it may have to overpay for Canadian fertiliser group Potash Corp after the Canadian group rejected an initial offer.
Asian shares rise, BHP bid boosts confidence
SINGAPORE, Aug 18 (Reuters) - Asian stocks rose and the dollar inched up against the yen as a $39 billion takeover bid in the farm sector and earnings from two U.S. retail giants boosted confidence in the corporate outlook.
"Today we're seeing short-covering prompted by the overnight Wall Street rise, but the main players are day traders and they tend to dump shares fairly quickly when any rises lose steam," said Norihiro Fujito, general manager of the investment research and information division at Mitsubishi UFJ Morgan Stanley Securities.
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