The U.S. economic recovery hasn't reached the self-sustaining momentum deemed necessary to warrant a tapering of the Fed's stimulus program in 2014.» Read More
NEW YORK, Dec 6- The dollar rallied against the yen on Friday after stronger-than-expected U.S. jobs data raised chances the Federal Reserve may start paring its bond buying program sooner than expected. U.S. employers added 203,000 new jobs in November, exceeding expectations, and the jobless rate fell to a five-year low of 7.0 percent, the Labor Department said.
SYDNEY, Dec 6- Asian shares spent much of Friday in a state of suspended animation as tension mounted ahead of jobs data that could make or break the case for an imminent scaling back in U.S. stimulus.
SYDNEY, Dec 6- Asian markets steadied on Friday as Japanese shares recouped early losses, though investors were pensive ahead of jobs data that could make or break the case for an imminent scaling back in U.S. stimulus.
A political crisis in Thailand is unlikely to have a long-term economic impact, but it could keep foreign investors away for a lengthy period.
Asian shares were mostly higher on Friday but were off session highs by the afternoon after upbeat U.S. economic data spurred a strong risk-on rally.
Asian shares fell on Tuesday following a negative lead from Wall Street and caution over when the Federal Reserve might reduce its stimulus program.
The dollar index will likely extend its slide this week on expectations that top Federal Reserve policymakers believe it's still too early to taper.
Asia stocks rallied on Friday for a second straight session as investors cheered comments from Fed Vice Chair Janet Yellen.
The People's Bank of China and the Reserve Bank of India were worried that sticking with traditional policy rates or bank reserves would have had a greater impact on the overall economy and slowed growth, which they wanted to avoid. Both central banks should be applauded for doing that, "said Frederic Neumann, co-head of economic research at HSBC in Hong Kong.
*Fed Chair nominee Janet Yellen leaves stimulus expectations intact. NEW YORK, Nov 14- The dollar pared its gains against the euro on Thursday as Federal Reserve Chairman nominee Janet Yellen defended the U.S. central bank's stimulus to spur growth.
Japanese shares outperformed on Thursday as the yen weakened while the rest of Asian investors cheered dovish remarks from Fed Vice Chairman Janet Yellen.
While dollar-yen is likely to break above 100 soon, there is skepticism over whether the pair will remain above the key psychological level.
NEW YORK, Nov 8- The dollar rallied broadly on Friday after a report showed U.S. job growth unexpectedly accelerated in October, boosting expectations the Federal Reserve may start scaling back massive stimulus later this year.
NEW YORK, Nov 8- An unexpected surge in U.S. jobs growth during October boosted the dollar and sent U.S. The Commerce Department said there was no "discernible" impact on payrolls from the 16- day federal government shutdown last month.
LONDON, Nov 8- An unexpected surge in U.S. jobs growth during October boosted the dollar and sent U.S. "It's an impressively strong jobs number in the face of a government shutdown and underlying weakness in the U.S. economy," said Richard Franulovich, senior currency strategist at Westpac.
Asian stocks tumbled on Friday as Wall Street's sell-off overshadowed upbeat Chinese trade data ahead of the US jobs report.
Australia's top four banks have posted another year of record earnings, but that strong run could be at risk, analysts say.
Asian equity markets declined in quiet trade on Monday as investors awaited a raft of central bank meetings this week for further direction.
*Westpac's cash profit A $7.1 bln in line with consensus. *Westpac final dividend A $0.88 vs A $0.84 a year earlier. SYDNEY, Nov 4- Westpac Banking Corp notched up record profits and unveiled a special dividend in a stellar year for Australian banks, and expectations are high that the industry will deliver more earnings growth in 2014..
Lachlan Colquhoun, Head of Markets Analysis at East and Partners explains why he thinks CBA and Westpac stand out in Australia's banking sector.