Gold prices hold steady near a one-month low

Spot gold was little changed at $1,209.57 per ounce at 0121 GMT. On Friday, prices fell to their lowest since Oct. 11 at $1,206.13 per ounce. U.S. gold futures were up 0.3 percent at $1,211.7 per ounce. The dollar index, which measures the greenback against a basket of six major currencies, inched up 0.1 percent. Hedge funds and money managers cut their net short position in gold by 8,136 contracts to 37,486 contracts, Commodity Futures Trading Commission (CFTC) said on Friday.


Spot gold was little changed at $1,209.57 per ounce at 0121 GMT. On Friday, prices fell to their lowest since Oct. 11 at $1,206.13 per ounce. U.S. gold futures were up 0.3 percent at $1,211.7 per ounce. The dollar index, which measures the greenback against a basket of six major currencies, inched up 0.1 percent. Hedge funds and money managers cut their net short position in gold by 8,136 contracts to 37,486 contracts, Commodity Futures Trading Commission (CFTC) said on Friday.
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Gold prices hold steady near a one-month low

Spot gold was little changed at $1,209.57 per ounce at 0121 GMT. On Friday, prices fell to their lowest since Oct. 11 at $1,206.13 per ounce.

U.S. gold futures were up 0.3 percent at $1,211.7 per ounce.

The dollar index, which measures the greenback against a basket of six major currencies, inched up 0.1 percent. The greenback built on last week’s gains and rose towards a 16-month high.

Asian shares fell on Monday, extending weakness in global equity markets at the end of last week as soft Chinese economic data and falling oil prices rekindled anxiety about the outlook for world growth.

U.S. producer prices rose more than expected in October and at their fastest pace in six years but measures of underlying price pressure cooled, bolstering the view that the U.S. central bank is not facing a resurgence in inflation.

Former British foreign minister Boris Johnson called again on Sunday for Prime Minister Theresa May to change course on Brexit, accusing her of forcing through a deal to keep the country locked in the EU’s customs union in a “total surrender”.

Italy’s economy minister is looking to revise down the budget’s growth forecast for next year to try to reach a deal with the European Commission over fiscal policy, a government source said on Sunday.

China’s factory-gate inflation slowed for the fourth month in October on cooling domestic demand and manufacturing activity, signalling Beijing would likely roll out more growth-boosting measures in the face of trade frictions with the U.S.

Hedge funds and money managers cut their net short position in gold by 8,136 contracts to 37,486 contracts, Commodity Futures Trading Commission (CFTC) said on Friday.

Demand for physical gold gathered steam during a key festival week, shrugging off a recent downtrend going into the traditional busy wedding season, while other major Asian hubs saw limited activity.


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Dollar gains after US shares rise, yen slips as risk appetites improve

The dollar strengthened against most major peers on Wednesday, while the yen weakened as upbeat Wall Street earnings reduced global appetites for safe haven assets. The greenback was trading at 112.34 yen, a gain of 0.07 percent against the Japanese currency. Through Monday, when it hit a one-month high of 111.61, the yen had strengthened seven out of eight sessions. The New Zealand dollar traded flat versus the greenback, at 0.6589 on Wednesday. The Australian dollar, often considered a baromet


The dollar strengthened against most major peers on Wednesday, while the yen weakened as upbeat Wall Street earnings reduced global appetites for safe haven assets. The greenback was trading at 112.34 yen, a gain of 0.07 percent against the Japanese currency. Through Monday, when it hit a one-month high of 111.61, the yen had strengthened seven out of eight sessions. The New Zealand dollar traded flat versus the greenback, at 0.6589 on Wednesday. The Australian dollar, often considered a baromet
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Dollar gains after US shares rise, yen slips as risk appetites improve

The dollar strengthened against most major peers on Wednesday, while the yen weakened as upbeat Wall Street earnings reduced global appetites for safe haven assets.

The three main Wall Street indexes each rose by more than 2 percent as blue-chips delivered strong earnings indicating that the U.S. economic recovery is on track despite rising interest rates and global trade war tensions.

Data on Tuesday showed that U.S. industrial production increased for a fourth straight month in September, boosted by gains in manufacturing and mining output, but momentum slowed sharply in the third quarter

The dollar index, a gauge of its value against six major peers, rose 0.14 percent to quote at 95.18 on Wednesday.

The greenback was trading at 112.34 yen, a gain of 0.07 percent against the Japanese currency.

Through Monday, when it hit a one-month high of 111.61, the yen had strengthened seven out of eight sessions.

“The rebound in global sentiment has taken the appreciation pressure off the yen,” said Stuart Ritson, portfolio manager, emerging markets debt at Aviva Investors.

Market participants will be looking for clues on the dollar’s direction and the path ahead on U.S. interest-rate hikes from minutes of the Federal Reserve’s September meeting, due for release later on Wednesday.

Interest rate futures are pricing in a 77 percent likelihood that the Fed will again raise rates in December, according to the CME Group’s FedWatch Tool.

“The Fed is close to neutrality and the FOMC will pause when the Fed funds rate gets to 2.75 percent,” Brian Martin, ANZ head of global economics, said in a note.

“While there are upside risks to our forecasts, we think the Fed will struggle to raise the Fed funds target much beyond 3.0 percent,” he added.

The British pound was at $1.3175, down 0.1 percent, after tacking a gain of 0.25 percent on Tuesday.

While sterling was supported by Tuesday’s stronger than expected British employment data, investors are still doubtful that the European Union Summit on Wednesday will yield much progress on the Northern Island border issue blocking a Brexit agreement.

On Wednesday, the euro traded lower at $1.1560, down 0.1 percent. On Tuesday, the single currency reached $1.1622 – its highest since Oct. 1 – before giving up its gains.

The New Zealand dollar traded flat versus the greenback, at 0.6589 on Wednesday. The kiwi clocked a gain of 0.5 percent on Tuesday as domestic inflation picked up stronger than expected.

The Australian dollar, often considered a barometer of global risk appetite, lost 0.07 percent to US$0.7135. The Aussie has gained marginally against the greenback over the past two trading sessions. It hit a more than two-year low of US$0.7039 on Oct. 8.

Gold lost 0.16 percent to trade at $1,223 per ounce on Wednesday. The yellow metal hit its highest level since July 27 on Monday, hitting an intra-day high of $1,233 per ounce.


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Gold inches down as greenback firms against the yuan

Gold inched down on Tuesday from a two-week high hit in the previous session, as the dollar firmed against yuan, making the precious metal expensive for buyers in the world’s biggest consumer China. China’s central bank raised its daily guidance rate for the yuan by the most in nearly 15 months on Tuesday, sparking a demand for dollars. Spot gold fell 0.2 percent to $1,209.04 an ounce at 0358 GMT, after hitting its highest since Aug. 13 at $1,212.38 on Monday. U.S. gold futures were down 0.1 per


Gold inched down on Tuesday from a two-week high hit in the previous session, as the dollar firmed against yuan, making the precious metal expensive for buyers in the world’s biggest consumer China. China’s central bank raised its daily guidance rate for the yuan by the most in nearly 15 months on Tuesday, sparking a demand for dollars. Spot gold fell 0.2 percent to $1,209.04 an ounce at 0358 GMT, after hitting its highest since Aug. 13 at $1,212.38 on Monday. U.S. gold futures were down 0.1 per
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Gold inches down as greenback firms against the yuan

Gold inched down on Tuesday from a two-week high hit in the previous session, as the dollar firmed against yuan, making the precious metal expensive for buyers in the world’s biggest consumer China.

China’s central bank raised its daily guidance rate for the yuan by the most in nearly 15 months on Tuesday, sparking a demand for dollars.

Spot gold fell 0.2 percent to $1,209.04 an ounce at 0358 GMT, after hitting its highest since Aug. 13 at $1,212.38 on Monday.

U.S. gold futures were down 0.1 percent at $1,215.40 an ounce.

“The downtrend on the dollar has reversed, with markets probably concerned over the (currency) fixing in China. The market is still a little bit nervous overall when it comes to buying into the weaker U.S. dollar narrative,” said Stephen Innes, Asia-Pacific trading head at OANDA in Singapore.

The dollar index inched up 0.1 percent against a basket of six major currencies on Tuesday, after falling to a more than three-week low.

Gold has lost its appeal as a safe-haven asset, having fallen over 7 percent so far this year, amid international trade disputes and the Turkish currency crisis, with investors increasingly turning to the U.S. dollar instead.

The yellow metal, however, has recovered after touching 1-1/2-year lows on Aug. 16 at $1,159.60 as the dollar’s run slowed after President Donald Trump criticized the U.S. Federal Reserve for raising interest rates at a time when the government was trying to stimulate the economy.

“We need a complete flip around momentum in the U.S. dollar for gold to push above $1,230 and move to $1,260. Unless the Fed takes the December rate hike off the table, gold does not have a chance to get near any of those supportive levels,” Innes said.

Gold is highly sensitive to rising rates, which lift the opportunity cost of holding non-yielding assets such as bullion, while boosting the dollar, in which it is priced.

Spot gold may rise to $1,224 an ounce, as it has broken a resistance at $1,209 per ounce, according to Reuters technical analyst Wang Tao.

Spot silver was down 0.3 percent at $14.81, after hitting its highest since Aug. 15 at $14.92 on Monday.

Platinum was up 0.4 percent at $802.74, after touching a two-week high at $807.60.

Palladium fell 0.1 percent to $947.75. At $950.25, prices matched 1-1/2-month highs hit on Monday.


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Gold steady as dollar softens on Trump interest rate comments

Gold prices were steady on Monday near a one-week high as the dollar eased to its lowest in nearly two weeks after U.S. President Donald Trump criticized the Federal Reserve’s interest rate tightening policy. Spot gold held steady at $1,231 an ounce at 0738 GMT. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent at 94.340. “Comments over the weekend from Trump changed the environment somewhat, with the apparent push now to really weaken


Gold prices were steady on Monday near a one-week high as the dollar eased to its lowest in nearly two weeks after U.S. President Donald Trump criticized the Federal Reserve’s interest rate tightening policy. Spot gold held steady at $1,231 an ounce at 0738 GMT. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent at 94.340. “Comments over the weekend from Trump changed the environment somewhat, with the apparent push now to really weaken
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Gold steady as dollar softens on Trump interest rate comments

Gold prices were steady on Monday near a one-week high as the dollar eased to its lowest in nearly two weeks after U.S. President Donald Trump criticized the Federal Reserve’s interest rate tightening policy.

Spot gold held steady at $1,231 an ounce at 0738 GMT.

The yellow metal touched its highest since July 17 at $1,235.10, earlier in the session.

U.S. gold futures for August delivery were nearly unchanged at $1,231 an ounce.

The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1 percent at 94.340. It fell to its weakest since July 11 during the session.

“Comments over the weekend from Trump changed the environment somewhat, with the apparent push now to really weaken the U.S. dollar,” said ANZ analyst Daniel Hynes.

The dollar has been a significant headwind for gold over the past month or so. It opens up the possibility that we will not see that continued strength in the U.S. dollar, Hynes added.

A weaker greenback makes dollar-priced gold cheaper for buyers using other currencies.

Trump on Friday reinforced his criticism of the Federal Reserve’s policy on raising interest rates, saying it takes away from the United States’ ‘big competitive edge’ and could hurt the U.S. economy.

Meanwhile, the bullion, which usually gains from political and economic tensions has struggled this time around.


Company: cnbc, Activity: cnbc, Date: 2018-07-23
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Gold recovers from 7-month low as dollar eases

Gold prices recovered from a nearly seven-month low on Tuesday as dollar eased and Asian shares sank amid heightening trade friction between the United States and major economies. Spot gold was up 0.3 percent at $1,244.72 an ounce, as of 0843 GMT. Meanwhile, Asian shares hit a nine-month low on Tuesday on rising fears over tense trade relations between the United States and major economies, as Chinese markets saw another rocky day. The United States is set to place tariffs on $34 billion worth o


Gold prices recovered from a nearly seven-month low on Tuesday as dollar eased and Asian shares sank amid heightening trade friction between the United States and major economies. Spot gold was up 0.3 percent at $1,244.72 an ounce, as of 0843 GMT. Meanwhile, Asian shares hit a nine-month low on Tuesday on rising fears over tense trade relations between the United States and major economies, as Chinese markets saw another rocky day. The United States is set to place tariffs on $34 billion worth o
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Gold recovers from 7-month low as dollar eases

Gold prices recovered from a nearly seven-month low on Tuesday as dollar eased and Asian shares sank amid heightening trade friction between the United States and major economies.

Spot gold was up 0.3 percent at $1,244.72 an ounce, as of 0843 GMT. Earlier in the session, bullion prices dropped to $1,237.32, their lowest since Dec. 12, 2017.

U.S. gold futures rose 0.3 percent to $1,245.80 an ounce.

“While the greenback is slightly weaker today, there is a suspicion that the technical breakdown below the $1,246 support level encouraged bears to drive prices lower,” said Lukman Otunuga, research analyst, FXTM.

The dollar index, which measures the greenback against a basket of six major currencies, was 0.4 percent lower at 94.650, as of 0840 GMT.

A softer greenback generally decreases the cost of dollar-denominated bullion for investors paying in other currencies.

Meanwhile, Asian shares hit a nine-month low on Tuesday on rising fears over tense trade relations between the United States and major economies, as Chinese markets saw another rocky day. The United States is set to place tariffs on $34 billion worth of Chinese goods on July 6.

The U.S. Chamber of Commerce on Monday denounced U.S. President Donald Trump’s handling of global trade disputes, issuing a report that argued tariffs imposed by Washington and retaliation by its partners would boomerang badly on the American economy.

Gold prices can gain during times of uncertainty as it is seen as a safe place to park assets.

Key for the yellow metal would be support at $1,236, while resistance cuts in through $1,245 – $1,250, MKS PAMP Group trader Sam Laughlin said in a note.

In other precious metals, silver climbed 0.5 percent to $15.91 an ounce, while palladium dropped 0.2 percent to $942 per ounce.

Platinum slipped 0.2 percent to $814.30 an ounce.

Earlier in the session, it fell to the lowest since December 2008 at $793.

Autocatalyst metal platinum tumbled as the greenback strengthened, an intensifying U.S.-European Union trade spat pressured precious metals, and political risk in Germany weighed.


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Gold ticks up on soft dollar, investors cautious amid trade tensions

Gold edged higher on Wednesday, propped up by a weaker dollar, but it was unlikely to make asignificant move before an expected U.S. rate hike next week and amid trade tensions. Spot gold was up 0.1 percent at $1,296.96 per ounce at 0900 GMT while U.S. gold futures for August delivery dipped 0.1 percent to $1,300.90 per ounce. Once the rate decision has been taken, gold is likely to move higher, Hansen said. “There is potential for gold to follow the same pattern it’s taken after recent rate hik


Gold edged higher on Wednesday, propped up by a weaker dollar, but it was unlikely to make asignificant move before an expected U.S. rate hike next week and amid trade tensions. Spot gold was up 0.1 percent at $1,296.96 per ounce at 0900 GMT while U.S. gold futures for August delivery dipped 0.1 percent to $1,300.90 per ounce. Once the rate decision has been taken, gold is likely to move higher, Hansen said. “There is potential for gold to follow the same pattern it’s taken after recent rate hik
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Gold ticks up on soft dollar, investors cautious amid trade tensions

Gold edged higher on Wednesday, propped up by a weaker dollar, but it was unlikely to make a

significant move before an expected U.S. rate hike next week and amid trade tensions.

Spot gold was up 0.1 percent at $1,296.96 per ounce at 0900 GMT while U.S. gold futures for August delivery dipped 0.1 percent to $1,300.90 per ounce.

“Investors are sitting on the fence, they only want to be involved when we break out of the range,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen.

Gold was trapped between the 200-day moving average at around $1,308 and $1,286 on the downside, he added.

The case for hiking U.S. interest rates next week was bolstered on Tuesday when data showed U.S. services sector activity accelerated in May and job openings rose to a record high in April.

Gold, which is a non-interest-paying asset, could see demand take a hit from higher rates.

Once the rate decision has been taken, gold is likely to move higher, Hansen said. “There is potential for gold to follow the same pattern it’s taken after recent rate hikes: defensive before, only to rally afterwards.”

A softer greenback provided support to dollar-denominated gold after the euro rose to a 10-day high when European Central Bank officials said an end to the bank’s bond-buying program by the end of 2018 was plausible.

The dollar index, which measures the greenback against a basket of six major currencies, fell 0.2 percent.


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Dollar stabilizes below last week’s highs, supported by data, yields

The dollar stabilized on Tuesday just below its six-month high of last week, as investors awaited data that might confirm the U.S. economy is on track for a strong June quarter with rising bond yields also supporting the greenback. Short-dated U.S. Treasury yields are up by roughly 20 basis points in a week pushing two-year government yields to 2.50 percent and within kissing distance of a decade high of 2.59 percent hit last month. With correlations between short-dated U.S. debt yields and the


The dollar stabilized on Tuesday just below its six-month high of last week, as investors awaited data that might confirm the U.S. economy is on track for a strong June quarter with rising bond yields also supporting the greenback. Short-dated U.S. Treasury yields are up by roughly 20 basis points in a week pushing two-year government yields to 2.50 percent and within kissing distance of a decade high of 2.59 percent hit last month. With correlations between short-dated U.S. debt yields and the
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Dollar stabilizes below last week's highs, supported by data, yields

The dollar stabilized on Tuesday just below its six-month high of last week, as investors awaited data that might confirm the U.S. economy is on track for a strong June quarter with rising bond yields also supporting the greenback.

Short-dated U.S. Treasury yields are up by roughly 20 basis points in a week pushing two-year government yields to 2.50 percent and within kissing distance of a decade high of 2.59 percent hit last month.

With correlations between short-dated U.S. debt yields and the dollar strengthening to their strongest since January 2017, investors have responded by buying the greenback in recent days, especially against the euro and emerging market currencies.

“The dollar is perched around some important levels and its strength can be judged from the fact that the euro/dollar has failed to break above the $1.17 line despite falling Italian political concerns,” said Kenneth Broux, a strategist at Societe Generale in London.

The greenback was firm at 94.04 against a basket of rivals. It had climbed to 95.02 last week, its highest since early November 2017, and has risen more than 5 percent since mid-April.


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Tell us what you think: Is the greenback back?

The dollar got a boost last week, with the currency climbing to a near four-month high after the yield on the 10-year U.S. Treasury note crossed the 3 percent level. The dollar index, which tracks the greenback against six of its peers, gained more than 1.3 percent in the previous week. Some expect the currency to lift further in the week ahead following its recent gains. He pointed to how data out of the euro zone and the U.K. had missed expectations whereas U.S. economic data had surpassed pro


The dollar got a boost last week, with the currency climbing to a near four-month high after the yield on the 10-year U.S. Treasury note crossed the 3 percent level. The dollar index, which tracks the greenback against six of its peers, gained more than 1.3 percent in the previous week. Some expect the currency to lift further in the week ahead following its recent gains. He pointed to how data out of the euro zone and the U.K. had missed expectations whereas U.S. economic data had surpassed pro
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Tell us what you think: Is the greenback back?

The dollar got a boost last week, with the currency climbing to a near four-month high after the yield on the 10-year U.S. Treasury note crossed the 3 percent level.

The dollar index, which tracks the greenback against six of its peers, gained more than 1.3 percent in the previous week.

Some expect the currency to lift further in the week ahead following its recent gains.

“The loss of momentum in the world economy is supportive of the dollar because it is a ‘counter-cyclical currency,'” said Joseph Capurso, senior currency strategist at Commonwealth Bank of Australia, in a Monday note. He pointed to how data out of the euro zone and the U.K. had missed expectations whereas U.S. economic data had surpassed projections.

Expectations about inflation are also set to play a role in the dollar’s move higher, Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, said in a note.

“[S]teady growth and rising inflation expectations should foster further gains in the dollar … as investors are convinced that the Federal Reserve will use the May meeting to prepare the market for a June hike,” Lien said.

Ahead, the Federal Open Market Committee’s May policy meeting and the release of nonfarm payrolls later this week will likely be in focus.


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Dollar extends rebound from 5-week low, helped by quarter-end flows

The dollar rose to a six-day high against a basket of major currencies on Wednesday, rebounding further from a five-week low touched the prior session, supported by quarter-end flows into the greenback as investors also shook off fears of a trade war. The dollar index, which measures the greenback against a basket of six other major currencies, was up 0.44 percent at 89.76. The index has rallied nearly 1 percent since hitting a five-week low of 88.942 on Tuesday. Global markets were shaken this


The dollar rose to a six-day high against a basket of major currencies on Wednesday, rebounding further from a five-week low touched the prior session, supported by quarter-end flows into the greenback as investors also shook off fears of a trade war. The dollar index, which measures the greenback against a basket of six other major currencies, was up 0.44 percent at 89.76. The index has rallied nearly 1 percent since hitting a five-week low of 88.942 on Tuesday. Global markets were shaken this
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Dollar extends rebound from 5-week low, helped by quarter-end flows

The dollar rose to a six-day high against a basket of major currencies on Wednesday, rebounding further from a five-week low touched the prior session, supported by quarter-end flows into the greenback as investors also shook off fears of a trade war.

The dollar index, which measures the greenback against a basket of six other major currencies, was up 0.44 percent at 89.76. The index has rallied nearly 1 percent since hitting a five-week low of 88.942 on Tuesday.

“I think what we are seeing is a continuation of bit of a theme that started earlier this week, that is, we are seeing a slight reduction in the overall level of concern about a looming trade war,” said Omer Esiner, chief market strategist with Commonwealth Foreign Exchange in Washington.

Global markets were shaken this month after U.S. President Donald Trump moved to impose tariffs on Chinese goods and Beijing threatened similar measures. But fears of a full-blown trade war have eased on hopes negotiations can bring a compromise.

“That has translated into a moderating sense of concern and that’s why we are seeing kind of an unwinding of safe-haven bets,” Esiner said.

“We did see a rather abrupt turnaround in U.S. equities yesterday, but that was mostly tech-driven as opposed to a sell-off that was driven by broader concerns,” Esiner said.


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Asian stocks rise after US gains; many markets closed for Lunar New Year

Over in Asia, activity was lower than normal with markets in China, Hong Kong, Taiwan, South Korea, Malaysia and Vietnam closed. The currency fetched 106.04 per dollar at 10:22 a.m, hitting a new 15-month high for the second consecutive day. Utilities were among the biggest gainers, with Kansai Electric Power and Chubu Electric Power both jumping more than 5 percent. Commonwealth Bank of Australia jumped 0.81 percent while insurance provider Suncorp rallied 2.85 percent. Private hospital operato


Over in Asia, activity was lower than normal with markets in China, Hong Kong, Taiwan, South Korea, Malaysia and Vietnam closed. The currency fetched 106.04 per dollar at 10:22 a.m, hitting a new 15-month high for the second consecutive day. Utilities were among the biggest gainers, with Kansai Electric Power and Chubu Electric Power both jumping more than 5 percent. Commonwealth Bank of Australia jumped 0.81 percent while insurance provider Suncorp rallied 2.85 percent. Private hospital operato
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Asian stocks rise after US gains; many markets closed for Lunar New Year

Over in Asia, activity was lower than normal with markets in China, Hong Kong, Taiwan, South Korea, Malaysia and Vietnam closed.

Japan’s benchmark Nikkei rallied 1.09 percent as the yen wobbled against the greenback. The currency fetched 106.04 per dollar at 10:22 a.m, hitting a new 15-month high for the second consecutive day.

Utilities were among the biggest gainers, with Kansai Electric Power and Chubu Electric Power both jumping more than 5 percent.

Used-car dealer Idom soared 3.7 percent on news that it is partnering with Uber in Africa.

Beer manufacturer Sapporo Holdings slumped 5.6 percent after posting a 16 percent drop in 2017 operating profit.

In economic news, Japanese Prime Minister Shinzo Abe’s administration reappointed Bank of Japan Governor Haruhiko Kuroda for another five-year term in an indication that the country’s stimulus policy will remain unchanged.

Australian shares climbed 0.10 percent, led by gains in financials. Commonwealth Bank of Australia jumped 0.81 percent while insurance provider Suncorp rallied 2.85 percent.

The Australian dollar, meanwhile, traded near a two-week high against the greenback, hovering around $0.7949.

Private hospital operator Healthscope jumped 5 percent on hopes for a potential sale of its Asian pathology business.

The Reserve Bank of Australia plans to leave interest rates at their current record lows for a while, Governor Philip Lowe said on Friday, adding that he hoped for gradual improvement in the unemployment rate.


Company: cnbc, Activity: cnbc, Date: 2018-02-15  Authors: nyshka chandran
Keywords: news, cnbc, companies, markets, jumped, dollar, gains, power, rallied, australia, stocks, rise, asian, greenback, governor, lunar, high, electric, closed, bank


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