Asian Stock market may 28 2012

Asian Stock market may 28 2012 : Asian shares and the euro edged up from lows on Monday as surveys showing a lead in opinion polls for Greece's pro-bailout camps helped ease risk aversion and calm fears of a disorderly exit from the euro bloc. The MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.2 per cent, after hitting its lowest level since late December on Friday.

The pan-Asia stock index posted a third consecutive week of losses last week, shedding 0.8 per cent for its longest losing streak in six months. The index has now wiped out all its gains for the year, having been up some 15 per cent from end-2011 levels in late February.

Japan's Nikkei average opened up 0.3 per cent. It posted its longest weekly losing run in 20 years last week.

Investors sold off riskier assets and fled to the safety of the US dollar last week on mounting concerns about Greece and instability in the Spanish banking sector amid a lack of immediate policy responses from European leaders.

Currency speculators raised long dollar positions to the highest level since at least mid-2008 while euro short positions rose to the highest on record, Commodity Futures Trading Commission data showed on Friday. Speculators also were net short on the Australian dollar, having cut their net long positions all month.

"In the absence of bold policy responses from Europe so far, we recommend being long the USD and JPY," Barclays Capital analysts said in a research note. "Should data or headlines surprise to the upside, safe haven longs may see some unwind, and we favour fading these moves," they said.

Trading is expected to be subdued on Monday amid a lack of key economic data and a US market holiday for Memorial Day.

US crude rose 0.5 per cent to $91.31 a barrel on Monday while Brent was up 0.1 per cent at $106.97 a barrel.

For the latest updates on the stock market, PRESS CTR + D or visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

Asian Stocks Market

• China, Asian stock markets outlook 2013
• Asian stock market opened january 17 2013
• asian stock market january 9 2013
• Asian stock markets are expected january 7-11 2013
• Asian stock markets Japan Nikkei rose dec 26 2012
• Why Asian stocks market down 14 2012
• why Asian stock markets down november 13 2012
• Asian stock markets october 29 2012
• Asian stock markets october 11 2012
• Asian stock markets october 3 2012
• Asian stock market october 1 2012
• Asian stock market rose september 28 2012
• asian stock market drops 9/27/2012
• How will Asian stock market september 27 2012
• Asian stock markets Nikkei down 26/9/2012
• Asian stock markets for september 26 2012
• Asian stock markets 25/9/2012
• Asian stock markets september 24 2012
• Asian stock market september 21 2012
• Asian stock markets september 20 2012
• Asian stock markets september 12 2012
• Asian stock market down september 11 2012
• Asian stock markets september 10 2012
• Asian stock markets september 2012
• Asian stock market down september 6 2012