Wary financial markets are watching the decline in copper, to see if the red metal is acting as a fire alarm for the global economy.» Read More
*China import growth hits 6- month high, beats forecasts. SYDNEY, Feb 12- London copper climbed on Wednesday as the appetite for risk picked up following comments by new Federal Reserve Chair Janet Yellen on the world's top economy, while stronger-than-expected Chinese trade data was also being digested.
SYDNEY/ SINGAPORE, Feb 12- The Australian dollar hit a one-month high as upbeat Chinese trade data eased concern about China's economy, while the U.S. dollar held above a two-week low after Federal Reserve chief Janet Yellen offered no surprises in her first congressional testimony.
*China's January exports beat expectations. *China's crude imports rose 12 percent. "The strong data underpins strength in oil markets and across the whole commodity board," said Mark Keenan, head of commodities research in Asia at Societe Generale.
TOKYO/ SYDNEY, Feb 12- Asian shares rallied for a fourth straight session on Wednesday, as upbeat trade data from China and an optimistic economic outlook from Federal Reserve Chair Janet Yellen whetted investors' appetite for risk.
TOKYO, Feb 12- Japanese government bond prices dipped on Wednesday after Federal Reserve Chair Janet Yellen sharpened investors' risk appetite with a pledge to continue tapering the Fed's stimulus drive- despite a still-unstable U.S. labour market. JGBs were hit by a rise in stocks rose and fall in U.S.
Mark Matthews, Head of Research Asia, Bank Julius Baer, explains why he thinks the U.S. economy is seeing recovery and will continue to improve with the Fed's tapering.
*Nissan soars as investors cover short positions- traders. *Sony rises on Apple supply report.
SYDNEY, Feb 12- London copper climbed on Wednesday as appetite for risk picked up following comments by new Federal Reserve Chair Janet Yellen that painted an improving picture for the world's top economy. *Copper prices have recouped more than 1 percent since falling to two-month lows of $7,016 on Feb. 4, but are still down 3.3 percent this year.
SINGAPORE Feb 12- U.S. crude oil futures climbed above $100 per barrel on Wednesday, buoyed by data from the American Petroleum Institute that showed crude stocks fell by 2.5 million barrels at a key U.S. delivery hub. The U.S. Energy Information Administration will release its weekly inventory report later today.
SINGAPORE, Feb 12- Gold gave back some of its sharp overnight gains on Wednesday as stocks rallied but was still trading near its highest in three months on assurances from the new Federal Reserve chair that there would be no abrupt changes to U.S. monetary policy. *Spot gold fell 0.5 percent to $1,285.50 an ounce by 0024 GMT, snapping a three-day winning streak.
*China trade data a hurdle, downside risk given base effect. SYDNEY, Feb 12- Asian shares rallied for a fourth straight session on Wednesday as risk appetites were whetted by an optimistic economic outlook from Federal Reserve Chair Janet Yellen, which diminished the need for safe havens such as the yen and bonds.
*Aussie outperforms, China trade data next risk event. SYDNEY, Feb 12- The dollar held off a two-week low against a basket of major currencies early on Wednesday, having rebounded after Federal Reserve Chief Janet Yellen offered no surprises on policy in her inaugural Congressional testimony.
WASHINGTON, Feb 11- The U.S. House of Representatives narrowly approved a one-year extension of federal borrowing authority on Tuesday after Republicans caved into President Barack Obama's demands to allow a debt limit increase without any conditions.
Matthew Grossman, Senior Equity Strategist at T3 Live.com, says Janet Yellen's Tuesday testimony will have no major impact on commodities.
SAN FRANCISCO, Feb 11- In her first public appearance as Federal Reserve chair, Janet Yellen faced a barrage of pointed questions from U.S. lawmakers critical of the central bank's unprecedented efforts to stimulate the economy and of its oversight of banks.
Stocks rallied on Janet Yellen's monetary policy report, but some market pros found her testimony lacking.
Scott Nations, Chief Investment Officer & President at NationsShares, is concerned that Janet Yellen made no mention of emerging markets in her testimony on Tuesday.
Scott Nations, Chief Investment Officer & President at NationsShares, says traders may be exaggerating Yellen's focus on the U.S. unemployment rate issue.
Janet Yellen gave a thumb's up to the US economy. And as established economies get more attractive, emerging markets have to work harder to attract—and keep—investors.
NEW YORK, Feb 11- The dollar rose and global equity markets rallied on Tuesday after Federal Reserve Chair Janet Yellen said she expects the U.S. central bank to continue trimming its bond purchases, a sign the Fed believes the economy is on track to grow further.