Asia stocks pause, dollar at 8-mth low vs yen
SINGAPORE, Aug 4 (Reuters) - Asian stocks held close to their three-month high but Japanese shares fell as the dollar hit an eight-month low against the yen after weak U.S. data fuelled talk of more Fed policy easing.
"Today's stock fall is really all about the yen. At this kind of level, there's inevitably worries about what sort of impact this will have on company earnings going forward," said Toshiyuki Kanayama, a market analyst at MInc.
GLOBAL MARKETS: Stocks pull back, dollar falls on growth worries
NEW YORK, Aug 3 (Reuters) - Stocks paused a day after hitting the highest level in 2-1/2 months, while the dollar slid on Tuesday as disappointing earnings and U.S. economic data gave investors reason to fret about the global recovery.
"People are beginning to accept that the U.S. economy is coming back to earth and, as far as growth goes, may be playing second fiddle to other economies," said Andrew Wilkinson, analyst at Interactive Brokers Group in Greenwich, Connecticut. "That's driven bond yields down and is sapping the dollar."
GLOBAL ECONOMY-Output grows in U.S., Euro zone; China slows
NEW YORK, Aug 2 (Reuters) - Global manufacturing showed little risk of a double-dip recession as output in July grew in the United States and Europe and a rare contraction in China suggested Beijing was successfully reining in its hot economy.
Global stock markets welcomed Monday's news that the U.S. manufacturing sector grew last month for a 12th straight month and at a rate slightly better than expected.
U.S. manufacturing slows in July for 3rd month
NEW YORK, Aug 2 (Reuters) - U.S. manufacturing grew in July at its slowest pace this year as a stream of new orders tapered off, pointing to further slackening in the economic recovery.
Still, the manufacturing index was better than many analysts had expected and boosted U.S. stock prices.
Record leap in German engineering orders boosts economic outlook
BERLIN, Aug 2 (Reuters) - Germany's engineering sector continues to drive the country's recovery as orders in the sector leapt by a record 62 percent in June, data showed on Monday, indicating Europe's largest economy could accelerate in the second half.
The growth in orders, topping a 61 percent increase in May from a year earlier, was boosted by a base effect but was also driven by strong demand from emerging markets for high-end German plant and engineering equipment.
Industrial commodities face headwinds in H2 2010
LONDON, Aug 3 (Reuters) - Industrial commodities will struggle to make further gains in the second half of this year as developed countries cut infrastructure spending, UK-based Standard Life Investments said on Tuesday.
Frances Hudson, global thematic strategist at Standard Life told Reuters that easing demand from China, the world's largest consumer of industrial commodities such as copper, used in power and construction, would also check demand growth.
Stocks tick higher as dollar falls
LONDON, Aug 3 (Reuters) - Global stocks ticked higher on Tuesday as U.S. stock futures indicated a steady start on Wall Street, with oil prices firmer due to a weak dollar, while copper prices fell back after recent strong gains.
"Considering the massive price increase of recent days it's not surprising to see some profit taking," said Eugen Weinberg, analyst at Commerzbank.
