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Asian shares mostly down after mixed US data

Asian markets were mostly down on Wednesday with Tokyo stocks reversing the previous session's surge, as investors weighed mixed data from the United States. The yen gained strength a day after the Bank of Japan (BoJ) decided to hold off fresh monetary easing measures and expand its lending to commercial banks. Tokyo's headline share index fell 0.68 percent in the morning, Seoul lost 0.49 percent and Hong Kong was down 0.13 percent. Shanghai was flat while Sydney rose 0.27 percent.

Asia stocks rise after China reports strong credit growth, Japan private consumption higher

BEIJING, China - Asian stock markets rose Monday after China's bank lending in January beat forecasts and Europe reported stronger-than-expected economic growth. The Shanghai Composite Index added 0.3 per cent to 2,122.9 and Tokyo's Nikkei 225 gained 0.4 per cent to 14,369.78. Hong Kong's Hang Seng rose 1 per cent to 22,527.22. Seoul and Sydney also rose.

Asia stocks rise after China reports strong credit growth, Japan private consumption higher

BEIJING, China - Asian stock markets rose Monday after China's bank lending in January beat forecasts and Europe reported stronger-than-expected economic growth. The Shanghai Composite Index added 0.3 per cent to 2,122.9 and Tokyo's Nikkei 225 gained 0.4 per cent to 14,369.78. Hong Kong's Hang Seng rose 1 per cent to 22,527.22. Seoul and Sydney also rose.

US stocks little changed following eurozone data

US stocks were little changed in early trade Friday as investors sought direction following a solid report on eurozone economic growth. About 30 minutes into trade, the Dow Jones Industrial Average advanced 9.60 (0.06 percent) to 16,037.19. The broad-based S&P 500 lost a scant 0.30 (0.02 percent) at 1,829.53, while the tech-rich Nasdaq Composite Index gave up 9.82 (0.23 percent) at 4,230.85. Eurozone data pointed to growth of 0.3 percent in the fourth quarter of 2013, at the top end of forecasts.

Fitch turns negative on Croatia, warns on debt outlook

Fitch ratings agency revised Croatia's outlook down from stable to negative on Friday, warning that a long recession in the European Union's newest member clouds the outlook for debt. Fitch criticised the government for dragging its feet over budget action, but held to Croatia's long-term foreign and local currency ratings at 'BB+' and 'BBB-' respectively "Prolonged recession continues to impair the prospects for fiscal consolidation and public debt sustainability," a Fitch statement said.

Anglo American says losses narrow sharply in 2013

Global mining giant Anglo American said on Friday that net losses fell sharply in 2013, as currency gains offset the impact of lower commodity prices. Losses after taxation narrowed last year to $961 million (702 million euros) from $1.470 billion in 2012, Anglo said in a results statement. mg-rfj/hd

Euro zone recovery accelerates more than expected in fourth quarter

BRUSSELS (Reuters) - The euro zone economy grew more than expected in the last quarter of 2013 thanks to stronger expansion in its biggest countries France and Germany, the first estimate from the European Union's Statistics Office showed on Friday. The economy of the 17 countries that shared the single currency in the last quarter rose 0.3 percent in the three months to December against the previous three months, after a 0.1 percent rise in the third quarter.

Europe muted, Asian stocks mostly higher as China inflation remains steady

KUALA LUMPUR, Malaysia - European stocks were muted but Asian markets mostly gained Friday after China's inflation was steady in January, leaving its government room to stimulate the economy if a slowdown worsens. In Europe, trade was lacklustre ahead of the release of fourth quarter growth figures. Britain's FTSE 100 index eased 0.1 per cent to 6,653.75 and the CAC-40 in France fell 0.1 per cent to 4,309.17. Germany's DAX rose 0.1 per cent to 9,606.95.

Tokyo index leads fall in weak global stock markets as investors awaited more data

SEOUL, South Korea - Global stocks fell Thursday, led by a fall in Tokyo, as investors fretted upcoming U.S. indicators would show weakness in the world's biggest economy. In early European trading, France's CAC 40 drifted 0.1 per cent lower to 4,301.79 and Germany's DAX was down 0.2 per cent to 9,524.87. Britain's FTSE 100 was almost unchanged at 6,675.03. Futures pointed to losses on Wall Street after several days of gains. Dow futures and S

European stocks extend gains after Yellen's assurance

European stocks rose on Wednesday after the new Federal Reserve chief said she would stick with stimulus, but disappointing eurozone data hit the euro. London's FTSE 100 index climbed 0.16 percent to 6,683.66 points in afternoon deals, buoyed by the Bank of England ramping up its forecast for Britain's economy to grow by 3.4 percent. This means that interest rates are now likely to be raised early next year. Frankfurt's DAX 30 rose 0.79 percent to 9,554.11 points after the government said it expects the German economic growth to pick up this year to 1.8 percent.
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