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Column: Revenge of the markets - James Saft

By James Saft (Reuters) - For months, markets have been dancing to central bankers' tune, but that may now be changing. It must have been fun to be a central banker in the early part of 2013: You say "jump" and Mr. Market says "how high?" That seems to have ended rather abruptly in the 24 hours beginning with the Bank of Japan's disappointing response to bond market volatility on Thursday and including Ben Bernanke's anodyne but market-roiling comments on Wednesday on the possibility of a policy taper.

TSX, U.S. indexes dip as world markets plunge on Chinese manufacturing data

TORONTO - Toronto and U.S. stock markets racked up some losses Thursday amid a contraction in Chinese manufacturing that drove the Japanese market down to levels not seen in more than two years. The S On Wall Street, the Dow Jones industrials average fell 12.67 points to 15,294.50, the S HSBC reported that its preliminary Purchasing Managers Index for China fell to a seven-month low of 49.6 in May from April's 50.4. Analysts had expected a more modest decline to 50.3.

Bernanke props up dollar

The dollar strengthened against other major currencies Wednesday after Federal Reserve chief Ben Bernanke suggested the Fed could taper its massive stimulus in the coming months. The euro bought $1.2855 around 2100 GMT, down from $1.2906 at the same time Tuesday. The dollar also rose against the Japanese currency, to 103.31 yen from 102.47 yen late Tuesday. The euro edged up to 132.58 yen from 132.26 yen.

TSX up slightly, Wall Street falls amid talk of possible end to Fed stimulus

TORONTO - North American markets were mixed Wednesday after U.S. Federal Reserve chairman Ben Bernanke said the central bank has considered ending its extraordinary stimulus program, but added that it is too soon to do it now. Indexes in Toronto and the U.S. initially surged on news that the Fed had no immediate plans to turn the tap off on its $85-billion-a-month bond buyback program. But by the end of the day, the S On Wall Street, the Dow Jones industrials index was down 80.41 points at 15,307.17. The S

Yen eases after Japan's worst April trade deficit

The yen edged down against the dollar and euro in Asia on Wednesday after Japan posted its worst ever April trade deficit, fuelling yen-negative sentiment. News that the Bank of Japan announced no fresh policy measures after a two-day policy meeting triggered yen-buying but it soon fizzled. The dollar was quoted at 102.55 yen in Tokyo afternoon trade against 102.47 yen in New York late Tuesday. The euro also firmed to 132.43 yen from 132.26 yen in New York and to $1.2913 from $1.2906.

Fed could end bond buys in autumn if jobs outlook sure: Evans

By Ann Saphir CHICAGO (Reuters) - The Federal Reserve could continue full-speed ahead on its bond-buying program through the summer, but end it abruptly in the autumn if by then it is confident that the improvement in the jobs outlook is here to stay, a top Fed official said on Monday. "We've seen good progress in the labor market outlook," Charles Evans, president of the Federal Reserve Bank of Chicago, told the CFA Society Chicago.

BOJ holds steady despite bond turmoil, upgrades economic outlook

By Stanley White and Leika Kihara TOKYO (Reuters) - The Bank of Japan kept policy steady on Wednesday despite concerns over recent volatility in bond market, saying growth is starting to pick up even as risks loomed from an uncertain global outlook. The central bank upgraded its assessment of the economy, saying it "has started picking up," as Prime Minister Shinzo Abe's program of aggressive fiscal and monetary stimulus has boosted sentiment and a weaker yen has halted a decline in exports.

Loonie rises ahead of monetary policy speeches by U.S. Federal Reserve, BoC

TORONTO - The Canadian dollar was ahead Tuesday as traders awaited a key statement from U.S. Federal Reserve chairman Ben Bernanke later this week. The loonie was up 0.11 of a cent to 97.28 cents US. Bernanke will speak about the central bank's aggressive monetary policy program Wednesday before the U.S. Congress. The Fed will also be releasing its minutes from its most recent meeting the same day.

TSX, U.S. markets climb ahead of speeches by U.S. Fed presidents, BoC

TORONTO - North American markets surged ahead at the open Tuesday as investors awaited for signs from the U.S. Federal Reserve on when the central bank will scale down its $85-billion bond buy back program. Almost all sectors on the S The Canadian dollar was up 0.01 of a cent to 97.18 cents US. On Wall Street, the Dow Jones industrials index was ahead by 60.67 points to 15,395.95, the S

Unclear whether Fed's bond buying has helped economy: Fisher

(Reuters) - While the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it is unclear whether they are doing enough for the broader U.S. economy, a top central bank official said on Monday. "We've made rich people richer...," Dallas Fed President Richard Fisher said on CNBC television. "Question is what have we done for working men and women in America?"
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