FGC BOLSA - FGC FINANCIAL MARKETS.-The Japan Times: Business.- Wen open to treaty to end gas field row. (Japan June, 1rst., 2010)

Tuesday, June 1, 2010

Wen open to treaty to end gas field row

Chinese Premier Wen Jiabao agrees to begin bilateral negotiations on a treaty over gas fields in the East China Sea.

Hatoyama finds SDP joining his foes

The Hatoyama administration finds itself in an increasingly tight spot after the Social Democratic Party signals it would side with a no-confidence motion against the Cabinet.

JAL ends all flights in and out of Kobe

Japan Airlines terminates all of its flights at Kobe Airport as part of its restructuring.

Hoped-for Chinese stand against North not in cards

Marine move to Guam facing five-year delay

Groups push for better refugee treatment

Court throws out lawsuit to halt two nuclear reactors in Matsue

Aussies cool down toward Japan

U.S. teen preps for Spelling Bee finals

Provincial areas experiencing doctor shortages

Japan vows forest conservation support to fight climate change

Ukraine receives 'peace stone'

Monday, May 31, 2010

SDP decides to bolt from ruling coalition

Cabinet support rate falls to 19% over air base feud

Hatoyama to visit Miyazaki farmers

Wen ducks push for U.N. action against North

NHK to end analog satellite TV in March '11

Iran seeks backing on Turkey uranium deal

'Knuckle Princess' debuts in U.S.

Asian Stocks Fall on Japan Political Concern; Toyota, Sony Drop - Bloomberg.com: "By Masaki Kondo and Satoshi Kawano. (Japan June 1rst., 2010)

Asian Stocks Fall on Japan Political Concern; Toyota, Sony Drop - Bloomberg.com: "By Masaki Kondo and Satoshi Kawano

June 1 (Bloomberg) -- Asian stocks fell, extending the MSCI Asia Pacific Index’s biggest monthly drop since October 2008, as speculation over the future of Japanese Prime Minister Yukio Hatoyama dragged the country’s equities lower.

Toyota Motor Corp., Japan’s largest automaker, sank 1.4 percent. Sony Corp., which gets 69 percent of its sales outside Japan, dropped 1.5 percent as a stronger yen threatened to hurt the value of overseas revenue. Tokyo Electric Power Co. led gains among utilities after Goldman Sachs Group Inc. upgraded the stock.

The MSCI Asia Pacific Index declined 0.4 percent to 113.04 as of 10:20 a.m. in Tokyo, with more than two stocks gaining for each that fell. Japan’s Nikkei 225 Stock Average lost 0.8 percent before a meeting between Hatoyama and Ichiro Ozawa, secretary-general of the ruling party, to discuss the party’s future.

“Political turmoil may make some investors refrain from buying stocks,” said Toshiyuki Kanayama, a market analyst at Tokyo-based Monex Inc. “There’s also risk in selling stocks, considering the earnings recovery and relatively low valuations.”

Chinese equities may be active after a purchasing managers’ index showed the country’s manufacturing industry expanded at a slower pace in May. Australia’s S&P/ASX 200 Index dropped 0.8 percent. The Kospi Index slumped 0.4 percent in Seoul.

Exporters in Japan declined as the yen strengthened to 111.59 per euro today from 112.59 at the 3 p.m. close of stock trading in Tokyo yesterday, while appreciating to 90.99 per dollar from 91.52. A stronger yen reduces the value of overseas sales at Japanese companies when repatriated.

Japanese stocks fell after Hatoyama pledged appropriate action in the face of plunging approval ratings. Three polls released on May 30 showed Prime Minister Hatoyama’s rating at or below 20 percent and six in 10 voters think he should quit.

Yahoo Japan Corp. and Murata Manufacturing Co. gained after brokerages raised their investment ratings.

To contact the reporters for this story: Masaki Kondo in Tokyo at mkondo3@bloomberg.net; Satoshi Kawano in Tokyo at skawano1@bloomberg.net.
Last Updated: May 31, 2010 21:21 EDT

European Stocks May See Cautious Start.

European Market Updates
European Stocks May See Cautious Start: "European Stocks May See Cautious Start
5/31/2010 2:25 AM ET
TOP MARKET NEWS

Apple Sells More Than Two Mln IPads In 59 Days - Update

Euro Mixed Against Majors

Emerging Countries Strengthen World Economy, Central Bankers Say

Canadian Dollar Eases Against Most Majors

Gold Fields Chairman Alan Wright To Retire; Names Mamphela Ramphele Successor - Update
(RTTNews) - European stocks may open on a flat to slightly subdued note Monday, weighed by a negative close on Wall Street Friday after the downgrade of Spain's credit rating. That said, sentiment could be aided by higher U.S stock futures, rising oil prices and gains in Asia Monday.

The major U.S averages lost around a percent each on Friday after ratings agency Fitch downgraded Spain's credit rating. However, the Dow futures are now rising by 46 points. The U.S. markets will remain shut today for the 'Memorial Day' Holiday. The U.K market is also closed for the Spring Bank holiday.

After settling down 0.8% at $73.97 a barrel on Friday, light, sweet crude futures for July delivery are now trading firm above $74 a barrel in Asian trading.

Fitch Ratings downgraded Spain's Long-term foreign and local currency Issuer Default Ratings to 'AA+' from 'AAA'. The rating outlooks on both long-term IDRs are Stable. This comes a few weeks after S&P downgraded Spain one notch to AA from AA+ and kept a negative outlook.

In other economic news, European Central Bank President Jean-Claude Trichet on Monday said emerging countries remain a source of strength for the world economy following the global financial downturn. 'One distinctive aspect of this crisis has been its originating in industrial economies,' he said via a video address to a Bank of Korea conference in Seoul.

'Emerging economies have also been severely affected, but as a group remained a source of strength for the world economy. It is therefore not surprising that the crisis has led to even better recognition of their increased economic importance and need for full integration into global governance, ' he said.

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ABC NEWS AUSTRALIA: Offshore direction lacking for the local market.- June 1rst, 2010

GLOBAL FINANCIAL CRISIS

The Australian stock market is poised for a fall, with Wall Street and London both closed overnight.

Offshore direction lacking for the local market

By finance reporter Lexi Metherell

Posted June 1, 2010 07:18:00

Investors on the local market will be taking their cues today largely from official data and from the Reserve Bank's decision, with both London and New York stock exchanges closed overnight for public holidays.

Tags: business-economics-and-finance, finance-markets, stockmarket, futures-markets, currency-markets, australia, united-states, european-union

Rates predicted to stay on hold

The Reserve Bank board is tipped to leave the official cash rate unchanged at 4.5 per cent when it meets today.

Tags: business-economics-and-finance, money-and-monetary-policy, australia

House prices stall on rate pressures

Home price growth has slowed dramatically after more than a year of strong gains, as six recent interest rate rises start to bite.

REUTERS: Daily Investor Today : ECB warns of more bank loan losses. May 31rst., 2010

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Good evening Fernando, MON 31 May 2010  ECB warns of more bank loan losses Euro inches up while stocks remain flat after warning Gulf oil spill threat widens, BP shares drop May retail sales seen up but spending erratic Swiss report slams government over UBS crisis G20 ministers to discuss Europe at Korea G20 meeting Strike-hit Honda sees some progress on China output Global rebound anemic: Roubini Oil above $74 on wider rally, down 14 percent in May Bernanke, Trichet see key emerging economies role Business Update: Asia eyes Europe China, Japan play economic ball iPad-mania goes international ECB warns of more bank loan losses May 31, 2010 04:27 PM ET FRANKFURT/MADRID (Reuters) - The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a "second wave" of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds. Full Article Euro inches up while stocks remain flat after warning May 31, 2010 11:26 AM ET LONDON (Reuters) - The euro steadied from recent falls and world stocks were becalmed on Monday with a Chinese warning about risks to global growth and a downgrade of Spain's credit heightening investor caution in holiday-thinned trade. Full Article Gulf oil spill threat widens, BP shares drop May 31, 2010 04:28 PM ET VENICE, Louisiana (Reuters) - Oil from BP's out-of-control Gulf of Mexico oil spill could threaten the Mississippi and Alabama coasts this week, U.S. forecasters said on Monday, as public anger surged over the country's worst environmental disaster. Full Article May retail sales seen up but spending erratic May 31, 2010 11:44 AM ET DETROIT (Reuters) - Retailers are expected to show a sizable increase in sales for the month of May, but erratic trends of consumer spending could grow more pronounced over a seasonally weaker period for shopping. Full Article Swiss report slams government over UBS crisis May 31, 2010 09:41 AM ET BERNE (Reuters) - The Swiss government failed to act swiftly to prevent a credit and tax crisis that had endangered banking giant UBS AG in 2008-2009 and could have sunk the Swiss economy, a parliamentary report said on Monday. Full Article G20 ministers to discuss Europe at Korea G20 meeting May 31, 2010 03:31 PM ET OTTAWA (Reuters) - There will be considerable discussion about the European economy at the G20 meeting of finance officials and central bankers in Busan, South Korea, this weekend, a senior Canadian finance official said on Monday. Full Article Strike-hit Honda sees some progress on China output May 31, 2010 10:18 AM ET FOSHAN, CHINA/TOKYO (Reuters) - Workers at a strike-bound Honda Motor parts factory in southern China pressed on with a drive to win higher wages on Monday while the carmaker lured back many to partly resume production. Full Article Global rebound anemic: Roubini May 31, 2010 12:19 PM ET SAO PAULO (Reuters) - Advanced economies face years of anemic growth and the risk of a double-dip recession as their citizens cope with sluggish employment and highly indebted governments, economist Nouriel Roubini said on Monday. Full Article Oil above $74 on wider rally, down 14 percent in May May 31, 2010 02:58 PM ET LONDON (Reuters) - Oil crept above $74 on Monday in line with a timid recovery across financial markets, but was set for its biggest monthly loss in 18 months after European economic crisis raised the prospect of reduced fuel demand. Full Article Bernanke, Trichet see key emerging economies role May 30, 2010 09:53 PM ET SEOUL (Reuters) - The heads of the Federal Reserve and the European Central Bank on Monday both singled out emerging economies as key to global financial stability. Full Article REUTERS www.reuters.com