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Asian shares flatline, fear more Fed confusion

Asian stock markets face a nervous wait Fed's last policy meeting, it may begin to reduce the stimulus - has far-reaching impact in the worldwide cost of borrowing will provide some clear days.
Asian stock markets and currencies are expected to remain volatile, with the Indian market, especially under pressure after a record low rupee crater, despite government efforts to reverse the situation.
Nearly two years of high 2.85%, 10-year bond yields on Monday talking about the Federal Reserve will begin tapering next month, analysts are skeptical minutes can not solve the problem.
"The Fed has made every effort to prepare the market to fall minutes tapering should continue to recommend only Cloherty," said Michael, Royal Bank of Canada Capital Markets (RBC Capital Markets) U.S. interest rate strategy director.
"Impossible, including what minute, however, any clear indication of the exact time." It will depend on economic data fares 17 to 18 September meeting.
In early trading, Morgan Stanley Capital International's broadest index. MIAPJ0000PUS Asia-Pacific shares outside Japan fell by 0.1%. It rose to 1.45 percent last week, closing, although the loss during the first two weeks, only to regain lost ground.
Tokyo's Nikkei N225 rose 0.2% in early trading Monday after last week's flat. Imports exceeded exports data showed Japan, the third largest trade deficit record.
Australia's S & P / ASX 200 index AXJO almost no change, while South Korea KS11 shares fell 0.3%.
Philippines on Monday suspended trading of stocks, foreign exchange and bond markets, as heavy rains and floods in some parts of Manila.
Emerging market currencies continue to struggle more than $ 62 per share hit a record low, the Indian rupee, its YTD loss of 11%. IDR also plummeted to four-year low. <EMRG/FRX>
Reserve Bank of India has been trying to limit the number of Indian residents and businesses can invest in foreign countries, but only made an outright capital controls, foreign investors' confidence will further weaken concerns.
Crucial later in the week HSBC China Manufacturing will be an early read. Recent data show that the economy may be stabilizing, and any improvement in the purchasing managers' index will be welcomed by Asian investors.
CURRENCIES contained
Shadow stronger dollar on Monday $ 1.3324 per euro, against $ 1.3332 late in New York on Friday. It nudged up to 97.70 against the yen, while the dollar index rose 0.1% to 81.340. DXY.
The dollar has been declining over the past six weeks in the Fed worried about the prospect of tapering would scare foreign investors as part of U.S. Treasury bonds.
, Last week's figures show that China and Japan - two largest foreign holders of U.S. Treasury bonds person - from long-term U.S. Treasury bonds in June of $ 6.6 billion U.S. dollars of the home, at the forefront, dumped a net $ 40 billion.
Still, at some point production should reach the level of attractiveness to investors again.
"We still believe, tapering at the September meeting will begin, therefore, support the dollar, especially for higher-yielding currencies," Barclays analysts said in a report.
They added, however, there is a chance that the Fed may have started as a discussion to convince investors that the unemployment rate will remain at close to zero for a long time to reduce its threshold rate.
"In any discussion of this aspect may be regarded as a mild surprise the market and lead to a short-term rebound in the belly Treasury curve," Barclays said. "In this case, the dollar is vulnerable.
Dow Jones Industrial Average, the Dow Jones industrial average fell on Friday, the end of the week fell 2.2%. Standard & Poor's 500 Index SPX fell 2.1 percent the following week.
European wide FTSE Eurofirst 300 index FTEU3 better performance for a small portion of the end of last week, more determined. Eurozone bond market performance is better than the American cousins, due to market expectations that the European Central Bank will maintain its ultra-loose policy for some time, despite the economic recovery tips.
Hope that the global recovery in growth is also supported commodities recently, with copper up to 10-week high on Friday, $ 7,420 per tonne.
Has received gold and platinum, although they may also be threatened, if the Fed does not gradually reduce its economic stimulus. Stand at 1,375.85 dollars per ounce of gold, made a two-month high of $ 1,379.81. Platinum and palladium are also at two-month high.
Crude oil futures on Monday just a shade softer brag about their biggest weekly percentage gain in six weeks in Egypt and Libya turmoil will lead to supply concerns.
October Brent crude futures prices were 10 cents to $ 110.30 a barrel. U.S. crude for September delivery fell 12 cents to $ 107.34.
 



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