Stephen Davies, CEO of Javelin Wealth Management says equities is where the real returns are for investors right now versus fixed income or cash.» Read More
*Fresh conflict in Syria supports prices. CHENNAI, India, May 21- Brent crude futures steadied near a two-week high on Tuesday, holding around $105 per barrel as rising Middle East tensions offset concerns about moderating demand growth to keep prices in a tight range.
*MSCI Asia Pacific ex- Japan slips 0.2 percent. The dollar inched higher versus a basket of currencies on Tuesday but stayed below a three-year high, as investors ponder if Bernanke might reveal the timing of any wind-down at his appearance before the Joint Economic Committee before Congress takes its Memorial Day recess.
*Japanese econ minister says he hopes FX market can find' balance'. TOKYO, May 21- The dollar edged up against the yen on Tuesday after Japan's economy minister clarified earlier remarks about the yen's weakness that had toppled the greenback from a 4-1/ 2- year high against the Japanese currency on Monday.
SINGAPORE, May 21- London copper recouped early losses on Tuesday, underpinned by confidence in the U.S. economy, although gains were kept in check ahead of a slew of factory data this week that may point to softer global growth.
*Fresh conflict in Syria supports prices. Reports of fresh skirmishes in Syria suggest the civil conflict is at this year's peak, triggering fears it may spread to neighbouring key oil producers, while a weakening dollar added to the support.
SINGAPORE, May 21- Gold drifted lower for an eighth session out of nine on Tuesday on outflows from exchange-traded funds and as the dollar firmed, putting more pressure on bullion which has already lost nearly a fifth of its value this year. *Spot gold had fallen 0.4 percent to $1,387.86 an ounce by 0042 GMT.
*MSCI Asia Pacific ex- Japan eases 0.1 percent. The market's focus is shifting to Bernanke's testimony to Congress on Wednesday after recent comments by Fed officials fuelled speculation the U.S. central bank may trim its bond purchases sooner than expected.
PERTH, May 21- U.S. crude futures eased to about $96.50 a barrel in early trading in Asia on Tuesday as ample supplies weighed on prices, despite support from equity markets. *U.S. oil fell 14 cents to $96.57 a barrel by 0023 GMT, after ending 69 cents higher in the previous session. *Brent rose 5 cents to $104.85 a barrel.
Stephen Davies, CEO of Javelin Wealth Management says equities is where the real returns are for investors right now versus fixed income or cash.
TOKYO, May 21- Japan's Nikkei share average eased from a 5-1/ 2- year high on Tuesday as Wall Street ended flat and the dollar slipped against the yen on caution before U.S. Federal Reserve Chairman Ben Bernanke's testimony. The Nikkei fell 0.6 percent to 15,269.85, while the broader Topix index dipped 0.2 percent to 1,266.71.
TOKYO, May 21- Japan's Nikkei share average is expected to pull back from a 5-1/ 2- year high on Tuesday as Wall Street ended flat and the dollar slipped against the yen on caution before U.S. Nikkei futures in Chicago closed at 15,320 on Monday, down 0.5 percent from the Osaka close.
*Gold shoots up from 1- month low and 7 days of losses. *Silver hits Sept 2010 low before rebounding. Copper prices hit their highest in almost a week, helped by a weaker dollar and shrinking inventories of the metal in Asia, although concerns about China's growth capped gains.
"The dollar's move has been pretty strong lately, maybe you're seeing a little more profit taking," said Gene McGillian, an analyst with Tradition Energy in Stamford, Connecticut. MSCI's all-country world equity index rose 0.51 percent to its highest since June 2008.
NEW YORK, May 20- The dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering U.S. bond purchases this week.
Chicago Fed President Charles Evans said the Fed has the appropriate level of monetary accommodation in place to let the reach "escape velocity" next year.
NEW YORK, May 20- The U.S. dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering bond purchases this week.
*Gold also shoots up from 1- month low and 7 days of losses. NEW YORK/ LONDON, May 20- Gold and silver prices gained about two percent on Monday after a roller-coaster session that opened with a gut-wrenching dive in silver prices to their lowest in 2-1/ 2 years before an abrupt midday turnaround.
*Yahoo's board approves $1.1 bln Tumblr acquisition. NEW YORK, May 20- U.S. stocks slipped by afternoon trade on Monday as indexes struggled to break above their record levels with investors hesitant to rush into the market.
*Yahoo's board approves $1.1 bln Tumblr acquisition. *Actavis to acquire Warner Chilcott in stock-for-stock deal. Deals, including Yahoo's $1.1 billion bid for Tumblr, indicate that companies continue to search for growth through acquisitions, a bullish sign for stocks.
LONDON, May 20- Low-risk German Bunds fell on Monday in the wake of upbeat U.S. data last week that eased concern about growth in the world's biggest economy, but a bleak euro zone outlook was expected to limit losses.