Asian stock markets recouped early losses on Monday, but the price cap is settled investors awaited results of the Federal Reserve Board meeting, later this week - some of the long-awaited monetary stimulus, its intentions clear.
Fed's future policy direction for the uncertainty sparked widespread risk assets sold off sharply in the past few weeks, provided dip buy several Asian markets.
Negative third week, U.S. stocks fell on Friday due to the recent rise in four after investors took profits, while data showed the U.S. economic recovery is not yet strong enough to the current situation in the Federal Reserve is about to change.
"The domestic and overseas market participants are taking a wait-and-see stance, said:" Kim Young-il, a market analyst at Daishin Securities, the Korean stock market (KS11) traded almost flat, but hovered near seven-month low last week touch.
"However, the market at current levels, there is limited room for further downward movement. Cheap valuations," said Kim.
Morgan Stanley in the broadest index of Asia-Pacific shares outside Japan <. miapj0000pus> erased earlier losses, rising 0.5%. On Friday, up 1.6% since January 2 best daily gain since, but tumbling day (Thursday), the lowest level since September after the week down 1.3%.
Australian shares (. AXJO) irredentist to rise 0.4%, down 1 percent earlier in the session. They posted last Friday of the month at the 18 biggest one-day gain.
Nevertheless, investors remained cautious, Tuesday and Wednesday before the Fed policy meeting, the central bank might imagine taper its massive bond-buying program, as long as the economy is showing some improvement.
Friday's data showed industrial output was flat in May, lower than the expected 0.2% increase, while the Thomson Reuters and the University of Michigan's consumer confidence index unexpectedly fell in early June from nearly six-year high.
U.S. economy may not be picking up steam, but it is also facing deflationary pressures, and the producer price index rose 0.5 percent last month, higher than the 0.1% rise forecast.
"Although the expected policy settings unchanged, Fed Chairman Ben Bernanke's ability to communicate more than" tapering "effective Fed's strategy will be crucial to determine whether or mitigate market volatility persists," Calyon The analysts said in a research report.
U.S. dollar against a basket of six major currencies, lightheadedness, transaction (DXY) rose 0.06%, but stayed near four-month low of 80.50 hit Thursday.
Goldman Sachs said in a research report that although the United States relative to the moderate growth around the world, the latest data released last week showed that Parliament lacks any significant capital inflows, which, along with the persistent trade deficit remained negative dollars.
However, the recovery of the U.S. dollar against the Japanese Yen benchmark Nikkei Stock Average index (N225), rose 1.2 percent lower after rising 0.5 percent to 94.57, and to help improve mood. (, T)
On Thursday, the U.S. dollar against the yen hit a 10-week low of 93.75 yen, it fell nearly 10 percent, from last month's four and a half peak 103.74 yen. The dollar last week fell 3.4% in July 2009, the biggest weekly decline since.
Dollars in losses against the yen has also been linked to cut back their yen short positions after the Bank of Japan speculators and investors of any action to quell last week an unstable domestic bond market, sparking a sell-off in the Nikkei Index and erasing gains since the central bank's big bang stimulus April 4 unveiling, which helps to push the index rose five and a half higher than last month.
"BOJ reaction without action brought by the dollar / yen and the Nikkei Index Back bazooka stimulus level before April, the Bank of Japan would like to know the market's inflation target of 2% is achieved without weakening the yen," said Officials institutional investors in Japan.
In terms of interest rates, India's central bank will announce interest rate decision later in the session, followed by the Philippines and South Korea's central bank left interest rates unchanged last week in global risk aversion among the spikes.
U.S. crude oil futures prices fell 0.3 percent, at $ 97.53 a barrel of Brent crude oil fell 0.2 percent to $ 105.76. (O / R)
London copper rose 0.9%, a ton of $ 7151 two months after the steepest weekly decline last week, the Fed's short-covering before the meeting.
 
 



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