With Japanese firms opting to replenish their stocks soon, there will be a rebound in industrial output moving forward, says Martin Schulz, Senior Economist at Fujitsu Research Institute.» Read More
TOKYO, July 28- Asian stocks dipped in early trade on Monday after disappointing earnings hit Wall Street, while the dollar hovered near six-months peaks against a basket of major currencies.
From China's twin factory data to a raft of corporate earnings, CNBC's Pauline Chiou highlights what will drive markets this week.
*South Korea, Japan refiners to take first two U.S. cargoes. *Iran condensate exports to China made at deep discounts. While buyers in Japan and South Korea have been willing to trial a U.S. grade of the super-light crude known as condensate, China has already locked in annual contracts with Tehran and is not expected to take any U.S. oil in the short-term.
NEW YORK— Nissan is recalling more than 226,000 additional vehicles over a defective air bag that has affected much of the global auto industry. Faulty air bags have already been blamed for the recall of millions of cars around the world in recent years, including those made by BMW, Chrysler, Ford, Honda, Mazda and Toyota.
*Amazon.com, Visa down after disappointing results. NEW YORK, July 25- Some disappointing U.S. earnings, including those of Amazon.com, and weak German economic data pressured world stock markets on Friday, while the euro clung to an eight-month low against the U.S. dollar.
WASHINGTON— Labor Department releases employment data for July, 8:30 a.m.; Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m..
*Amazon.com, Visa down after disappointing results. NEW YORK, July 25- U.S. earnings disappointments, including from Amazon.com, and weak German economic data pressured world stock markets on Friday, while the euro clung to an eight-month low against the U.S. dollar.
*Amazon.com, Visa down after disappointing results. U.S. stocks were lower in early trading, hurt by results from Amazon.com and Visa, the two biggest drags on the S&P 500. Amazon dropped 11.1 percent to $318.79, while Visa was down 4.9 percent at $211.90.
McDonald's suspended sales of chicken nuggets in Hong Kong and shifted chicken imports to Thai suppliers for its Japan business.
The licence for New Kansai International Airport, which will be bundled with the operating rights for smaller Osaka International Airport, should fetch at least 2 trillion yen, Keiichi Ando, the chief executive of the government-owned New Kansai International Airport Co, told reporters.
*Euro dips, European shares subdued after downbeat German Ifo survey. LONDON, July 25- Signs that tensions between the West and Russia are starting to hurt confidence in Europe's dominant economy Germany left the euro near an eight-month low on Friday and lifted the region's government bonds.
HONG KONG, July 25- McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it imported products from Shanghai Husi Food, the U.S.-owned Chinese company at the centre of a food safety scare in China.
*Japan CPI as expected, muted reaction from dollar/yen. LONDON, July 25- The euro struggled to hold above eight-month lows against the dollar on Friday, hurt by a dive in Germany's Ifo survey of business sentiment heading in to the end of the U.S. currency's strongest week since March.
LONDON, July 25- World shares dipped on Friday having clawed their way back towards all-time highs after a week of largely reassuring economic signals but rising political tensions.
LONDON, July 25- Germany's influential Ifo survey of business sentiment looked set to determine the euro's path at the end of a week marked by a steady upwards push for the dollar that could herald a long-forecast break higher. In early European trade, the euro was virtually unchanged at $1.3461, having recovered from eight-month lows around $1.3438 on Thursday.
TOKYO, July 25- Asian shares pulled back from this week's three-year highs on Friday after a mostly flat day on Wall Street, though a fresh S&P closing record and upbeat U.S. employment data underpinned sentiment.
TOKYO— Japan's inflation rate eased slightly in June as a sales tax high stunted demand, the government reported Friday. Excluding the direct effect of the April 1 increase in the sales tax to 8 percent from 5 percent, the inflation rate was 1.3 percent, the Bank of Japan said.
Nicholas Smith, Japan Strategist at CLSA, says Japan's consumer price index for June remains "decent" after stripping out the volatility in food and energy prices.
Jesper Koll, Managing Director & Head of Japanese Equity Research at JP Morgan Securities Japan, says Japan's rising inflation points to a recovery in domestic demand.
TOKYO, July 25- Asian shares pulled away from this week's three-year highs on Friday after a mostly flat day on Wall Street, though a fresh S&P closing record and upbeat U.S. employment data underpinned sentiment.