Skip to main content

Asian shares inch up after China stimulus, oil gains

Asian shares rose slightly in early trade on Tuesday, with sentiment bolstered by China's easing move and gains in oil prices but also constrained by lackluster U.S. and European data that kept concerns about global growth momentum alive.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up about 0.2 percent. Japan's Nikkei .N225 was down 0.5 percent in early trading, crimped by gains in the yen.

The People's Bank of China (PBOC) said on its website on Monday that it cut its reserve requirement ratio, or the amount of cash that banks must hold as reserves, by 50 basis points.

"The general effects of the RRR reduction are questionable but China's government would not have taken this move if they were not concerned about the economy," Kathy Lien, managing director of BK Asset Management in New York, said in a note to clients.

"Chinese data is notoriously difficult to handicap but this gives us reasons to believe that manufacturing and service sector activity slowed in the month of February," she said.

China's move, combined with a drop in crude output from OPEC and the United States, and a pledge by Saudi Arabia to limit market volatility, lifted crude oil futures and helped them post their first gaining month in four.

Brent futures LCOc1 were up 3.4 percent at $36.64 a barrel, while U.S. crude futures CLc1 added about 0.1 percent to $33.78 after surging 3 percent overnight.

Wall Street shrugged off the higher oil prices and finished lower, with MSCI's global stocks index .MIWD00000PUS logging its fourth straight losing month.

Downbeat U.S. data revived concerns about the strength of the economy. Contracts to buy previously owned U.S. homes fell to their lowest level in a year in January, while the Chicago Purchasing Manager Index - a leading indicator of the U.S. economy - contracted to 47.6 in February.

The latest figures followed last week's spate of strong data, including improving consumer spending, that had suggested the U.S. economic recovery was on track and the Federal Reserve could still raise interest rates again this year.

European figures released on Monday showed euro zone annual inflation fell back into negative territory last month, adding to the pressure the ECB faces to ease monetary policy further this month.

All 18 euro money market traders polled by Reuters expect the ECB to cut its deposit rate again at its March 10 meeting, and they said there was an even chance it would also increase its monthly asset purchases.

Those expectations weighed on the euro, which edged up about 0.1 percent to $1.0885 EUR= but remained not far from a one-month low of $1.0859 struck on Monday.

Against the perceived safe-haven yen, the common currency was down 0.1 percent at 122.37 EURJPY=R, not far from a low of 122.085, which was its lowest level since April 2013.

The dollar was buying 112.47 yen JPY=, down about 0.2 percent.

The Australian dollar was steady against its U.S. counterpart at $0.7138 AUD=D4 ahead of a policy decision from the Reserve Bank of Australia due at 0330 GMT.

Australia's central bank is likely to stand pat on policy, leaving its cash rate unchanged at a record low 2.0 percent.


Popular posts from this blog

Iran Killing Command: The use of firearms in dealing with protesters

The document you see on the image is the order of the commander of the Tehran repressive force to all the units based in the city.

Based on this agenda, the mercenaries of the corrupt government Islamic Republic of Iran have been allowed to use firearms in the event of any protest movement against people by the regime.
This is a murder command.
The repressive force of the law, known to the world's famous police and guardians, should protect the lives of its citizens, by freeing their mercenaries, they allow them to murder Iranians who are protesting the corruption in the government and you have the important message that if you come to the streets in protest of corruption and torture and massacre, we will kill you.
Because, according to criminal Khomeini, maintenance of the system is obligatory.
A corrupt government that is so hideous that spend billions of dollars from the national treasury and popular capitalto the suppression of its people and the countries of the region, must be ov…

ایران فرمان قتل : دستور استفاده از سلاح گرم در برخورد با معترضان

سندی که در تصویر میبینید دستور فرمانده نیروی سرکوبگر انتظامی تهران به همه یگانهای مستقر در این شهر است.
بر اساس این دستور کار ، مزدوران حکومت فاسد نظام جمهوری اسلامی اجازه یافته اند که درصورت بروز هرگونه جنبش اعتراضی از سوی مردم علیه رژیم ، از سلاح گرم استفاده کنند.
این دستور یک فرمان قتل است.
نیروی سرکوبگر انتظامی که به ظاهر و تعریف شناخته شده پلیس در سراسر جهان ، میبایست حافظ جان شهروندان باشد ، با آزاد گذاشتن دست مزدوران چکمه پوش خود انها را مجاز به قتل ایرانیان معترض به فسادهای موجود درلایه های حکومت میکنند و این پیام مهم را در خود دارد که اگر در اعتراض به  فساد و شکنجه و کشتار به خیابانها بریزید شما را خواهیم کشت.
چرا که به گفته خمینی دجال، حفظ نظام از اوجب واجبات است.
حکومت فاسدی که انقدر وقیح هست که میلیاردها دلار از خزانه ملی و سرمایه مردمی را صرف سرکوب مردم خود و کشورهای منطقه میکند باید سرنگون کرد.
اکنون چهل سال است که کشور ما به اشغال این ملایان جنایکتارخونخوار و اسلام تحمیلی در آمده است .
هنوز باورش برای برخی سخت است که درک کنند کشور ما به معنای واقعی کلمه از سوی بنیادگرایان الله…

مائده مختار زاده یکی از اعضاء فعال گروهک تروریستی سازمان مجاهدین خلق در ایران_قسمت 1

گزارش شماره یک درباره یکی از خائنین به ملت ایران
 همانطور که ملت بزرگ و شریف ایران زمین میدانند یکی از خطرناک ترین و فاسدترین گروه های تروریستی که سالیان سال در سطح جهان وایران به فعالیتهای غیر انسانی و جنایتکارانه مبادرت می ورزند و با افکار و عقاید بیمارگونه خود جانهای جوانان ایران زمین را می آلایند، گروهک تروریستی مجاهدین خلق می باشد.
جنایات آنان طی سالیان گذشته بر همگان آشکار بوده و چه خانواده هایی که فرزندان عزیز خود را که توسط اعضای این گروه شستشوی مغزی داده شدند ، از دست داده اند و دیگرانی که طعمه شکارچیان بی رحم این گروه تروریستی قرار گرفته اند.
اما خانواده هایی هستند که همچنان نسل اندر نسل به این سازمان تروریستی وفادارند و ایدئولوژی جنایتکارانه خود را به فرزندشان منتقل می کنند و همچنان در داخل و خارج ایران به ترویج افکار مسموم آنها و همچنین فعالیتهای تروریستی مشغول می باشند.
در اینجا به معرفی یکی از این خانواده ها و تشریح فعالیتهای آنها از سالهای آغازین انقلاب ایران تا کنون  خواهیم پرداخت:
مصطفی و جعفر مهیمنی و یکی از خواهرانشان مرضیه مهیمنی ساکن شهرستان بابل در استان مازندران در س…