Asian stocks slip over effects of Cyprus bailout
By Pamela Sampson
BANGKOK — Asian stock markets fell Tuesday as relief turned to worry over a bailout that prevents Cyprus from going bankrupt.
BANGKOK — Asian stock markets fell Tuesday as relief turned to worry over a bailout that prevents Cyprus from going bankrupt.
A strong U.S. jobs report helped propel Asian stock markets higher on Monday.
Asian stock markets rose Tuesday as investors registered approval for China’s spending priorities announced at its annual congress.
Oil fell below $95 a barrel Thursday as disagreement among U.S. Federal Reserve officials about its super easy monetary policy weighed on prices ahead of the release of a report on U.S. crude inventories.
Expressions of doubt by Federal Reserve policymakers about the massive bond-buying program they launched to help stimulate the U.S. economy caused Asian stock markets to fall Thursday.
Stock markets in Asia moved higher Thursday on the heels of positive corporate news and resilience in U.S. consumer spending. Japan’s Nikkei 225 index rose 0.6 percent to 11,313.68. The Tokyo market shrugged off data showing the Japanese economy shrank for a third straight quarter in the last three months of 2012, as investors expected the yen’s recent weakness will boost company earnings.
An unexpected contraction in the U.S. economy at the end of 2012 sent world stock markets into retreat Thursday.
World stock markets were mixed Thursday, with Asian markets supported by a pickup in China’s factory production ahead of the release of manufacturing and services sector data in Europe.
Oil prices were higher Thursday, boosted by a survey showing that China’s manufacturing is on the upswing.
Asian stock markets rose Thursday after a Federal Reserve survey found the U.S. economy improved in 2012 and earnings from a handful of big banks far exceeded expectations.
Asian stock markets rose Monday on optimism that China’s economic recovery is firmly taking root.
A positive start to U.S. corporate earnings season and a sharp improvement in China’s monthly trade helped boost Asian stock markets Thursday.
