The
yen was near a seven-year low before data on Japans economy, with Group
of 20 leaders pledging to bolster growth amid concern over a global
slowdown. New Zealands dollar jumped while crude oil held gains.
Japans
currency lost 0.3 percent to 116.63 per dollar by 8:45 a.m. in Tokyo,
weakening for a third day, while futures on the Nikkei 225 Stock Average
advanced in the Osaka pre-market. The kiwi climbed 0.4 percent after
retail sales rose more than was projected. Oil in New York and London
was steady after both blends surged more than 2 percent Nov. 14.
Standard & Poors 500 Index futures dropped 0.1 percent as gold fell.
Australias S&P/ASX 200 Index declined 0.1 percent, led by
utilities.
The
economy in Japan, Asias second-largest, probably returned to growth in
the third quarter, analysts surveyed by Bloomberg say, after contracting
the most since 2009 in the three months to June. G-20 leaders, meeting
in Australia at the weekend, agreed to measures that would boost their
economies by a collective $2 trillion by 2018. China said Nov. 15 that
it saw the biggest increase in bad loans since 2005 last quarter, while a
stock link between Shanghai and Hong Kong opens today.
Source : Bloomberg
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