Asian shares on track for monthly gains, await Trump policy speech
TOKYO (Reuters) - Asian shares lost their grip on Tuesday but were still on track for a winning month, bolstered by gains on Wall Street as investors awaited a speech by U.S. President Donald Trump for signals on tax reform and infrastructure spending.
Dow hits 12th record high close; Trump talks up infrastructure spending
NEW YORK (Reuters) - U.S. stocks ended slightly higher on Monday and the Dow closed at a record high for a 12th straight session, as President Donald Trump said he would make a "big" infrastructure statement on Tuesday.
U.S. oil ticks up for 2nd day on record OPEC output cut compliance
SINGAPORE (Reuters) - U.S. crude oil edged higher for a second day on Tuesday, underpinned by high compliance with OPEC's production cuts even as the market remains anchored by rising U.S. production.
Dollar drifts, awaits Trump's stimulus plans
TOKYO (Reuters) - The dollar drifted on Tuesday, with its earlier advance halted by investors taking a wait-and-see approach ahead of U.S. President Donald Trump's closely-watched Congressional address later in the day.
Exclusive: China eyes 12 percent broad money supply rise in 2017 - sources
BEIJING (Reuters) - China plans to target broad money supply growth of around 12 percent in 2017, slightly lower than last year's goal, policy sources said, signaling a bid to contain debt risks while keeping growth on track.
One out of four investors expects euro zone to lose a member: survey
BERLIN (Reuters) - The number of investors expecting the euro zone to lose at least one member state in the coming months has increased, a survey showed on Tuesday, with the risk of contagion now seen as bigger than during the height of the debt crisis in 2012/13.
Trump seeks 'historic' U.S. military spending boost, domestic cuts
WASHINGTON (Reuters) - President Donald Trump is seeking what he called a "historic" increase in defense spending, but ran into immediate opposition from Republicans in Congress who must approve his plan and said it was not enough to meet the military's needs.
U.S. pending home sales fall to lowest level in a year
WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes dropped in January on a shortage of inventory in the Midwest and West regions, the National Association of Realtors said on Monday.
As inflation remains low, Japan's PM defends BOJ strategy
TOKYO (Reuters) - Prime Minister Shinzo Abe said the Bank of Japan's aggressive monetary easing is aimed not just at accelerating inflation but also at spurring growth, in a sign the government was keen to deflect mounting pressure on the BOJ as it struggles to meet its 2 percent price goal.
Japan factory output unexpectedly falls as exports of cars to U.S. slow
TOKYO (Reuters) - Japan's industrial output unexpectedly fell in January for the first time in six months, pressured by a slowdown in shipments of cars to the United States in a sign of an economy grappling for a more sure-footed recovery.