Stocks market stages unexpected reaction after November Jobs Report comes in stronger than expected at 203,000.» Read More
*Australian and New Zealand dollars outperform on China reforms. NEW YORK, Nov 18- The safe-haven dollar and yen fell on Monday after China announced its most sweeping economic and social reforms in nearly three decades, boosting investor appetite for higher-yielding currencies such as the Australian and New Zealand dollars.
CNBC's Kelly Evans shares her thoughts on today's market activity at Post 9 including economist Larry Summers speech on QE and what it means to the broader growth of the economy.
*Gold snaps three days of gains to drift lower. LONDON, Nov 18- Gold fell on Monday as a rebound in equities and lacklustre physical demand prompted traders to cash in three days' gains, though expectations that U.S. monetary policy will stay loose lent support.
*Italy offers 2018 bonds for 2015, 2017 paper. "The key takeaway was that Italy has plenty of instruments to ease its debt burden and smoothen its issuance," said Michael Leister, strategist at Commerzbank. The European Commission warned Italy last Friday its draft budget for next year risked breaking EU rules, pushing bond yields higher in the previous session.
*Gold snaps three days of gains to drift lower. LONDON, Nov 18- Gold prices eased on Monday as lacklustre physical demand and a retreat in other commodities prompted traders to lock in three days' worth of gains, although expectations that U.S. monetary policy would stay loose for the time being lent support.
China's offshore share market put on 5.7 percent in its best day in two years after the Communist Party in Beijing late last week unveiled surprisingly bold economic reforms in which it said the market would play a decisive role.
*Major powers, Iran to resume nuclear talks this week. SINGAPORE, Nov 18- Brent crude dropped below $108 a barrel on Monday as traders focused on a surge in Saudi exports in the third quarter, while hopes that a resumption of talks between sanctions-hit Iran and major powers may lead to more oil supply also weighed.
*Italy to offer 2018 bonds for 2015, 2017 paper. The European Commission warned Italy on Friday its draft budget for next year risked breaking EU rules. Keeping the budget gap under control is crucial for Italy, which is trying to manage a 2 trillion euro debt pile.
LONDON, Nov 15- Global stocks may be running out of room to rally further after a bumper year as the fragile economic recovery and the prospect of a cut in the Federal Reserve's bond buying discourage big investors.
*Major powers, Iran to resume nuclear talks this week. SINGAPORE, Nov 18- Brent crude slipped towards $108 a barrel on Monday as traders focused on a resumption of talks between Iran and major powers that may lead to a rise in oil supply.
SYDNEY, Nov 18- Asian share markets advanced for a third straight session on Monday, cheered both by the prospect of extended stimulus in the United States and real economic reform in China. China's market put on over 1 percent, with UBS upgrading it to "overweight" on a view the Plenum reforms will likely see it outperform Asia ex- Japan for the next few months.
*Major powers, Iran to resume nuclear talks this week. SINGAPORE, Nov 18- Brent crude slipped toward $108 a barrel on Monday as traders focused on a resumption of talks between Iran and major powers that may lead to a rise in oil supply. Brent rose 3.2 percent last week after France blocked a deal with Iran.
TOKYO/ SYDNEY, Nov 18- The dollar and euro stuck close to recent highs against the yen in Asia on Monday, though uncertainty about how long the U.S. "I think the market wants to keep risk-on trading, but some think the dollar/yen is high and aren't willing to go higher yet," said Masashi Murata, senior currency strategist at Brown Brothers Harriman in Tokyo.
*Shares fraction firmer in Asia, yen stays under pressure. SYDNEY, Nov 18- Asian share markets crept cautiously higher on Monday, encouraged both by the prospect of extended stimulus in the United States and real economic reform in China.
PERTH, Nov 18- U.S. crude oil futures slipped in early Asian trading on Monday after a U.S. official said that an agreement to curb Iran's nuclear program is "quite possible" this week. Major powers and Iran are scheduled to meet in Geneva on Nov. 20-22.
SINGAPORE, Nov 18- Gold snapped a three-day winning streak on Monday but prices continued to hold near the $1,300 level amid hopes the U.S. *Canadian gold miners Goldcorp and Barrick Gold are looking to sell their jointly owned Marigold mine in Nevada, according to sources familiar with the situation.
Aroop Chatterjee, FX Strategist at Barclays joins us live at SGX to explain his bullish stance on the Chinese Yuan as the nation continues its re-balancing drive and growth slows.
SYDNEY, Nov 18- Major currencies got off to a subdued start in Asia on Monday after an uneventful weekend, with the yen pinned near a four-year trough on the euro as investors preferred to use the low yielding currency to fund riskier trades. The euro bought 135.26 yen not far from the Oct 22 peak of 135.52, a high not seen since November 2009.
*Shares fraction firmer in Asia, yen stays under pressure. SYDNEY, Nov 18- Asian share markets were consolidating recent gains on Monday, with investors encouraged both by the prospect of extended stimulus in the United States and real economic reform in China.
LONDON, Nov 17- Janet Yellen is expected to get the final political nod in the next couple of weeks to chair the U.S.