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Germany EconMin: Can’t Rule Rise Of Electricity Prices–Press

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BERLIN (MNI) - The decision by the German government to suspend plans to extend the life of the country's nuclear power plants in response to the situation in Japan could drive up electricity prices, Economics Minister Rainer Bruederle said in a newspaper interview published Tuesday. ...

Japan Yosano: Stock Market To Stabilize Eventually After Fall

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-- Yosano: Not Worried About Japan Stock Market At All -- Japan Yosano: No Factors To Justify Closing Stock Mkt -- Japan Eco Min Yosano: Japan Economy Is Sound -- Japan Yosano: Too Early To Discuss Ways to Support Stocks -- Japan Yosano: Govt, BOJ Need To Ease Investor, Public Fears ...

USD/JPY admirably steady so far

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USD/JPY sits at 81.50, pretty much unchanged from when I arrived. Some flow info: Japanese importer bids, especially oil companies, noted down in 80.80/81.20 area. Sell orders clustered 82.05/25 and more 82.45/50. Buy stops gathering up at 82.50/60.

EUR/USD seeing relatively steady trade in early Europe

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Presently at 1.3917. Decent bid interest out of Hong Kong around 1.3900 managed to hold early risk aversion-induced slippage. Guess there must be some stops not far below the 1.3891 overnight low, but haven't gotten confirmation of exact level/s as yet.

Austrian FinMin Proell: Ireland must make concessions if it wants more lenient terms for EU aid – MNI

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Japan EconMin Yosano: Need to keep in mind past practice of government buying stocks from market as one idea

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Japan EconMin Yosano: Markets likely to regain calm over time

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Government. BOJ need to strive to remove public investors' anxiety Sees no reason to close Tokyo markets Japan economy in good shape China Foreign Ministry: Confident that Japan can overcome hardships, willing to give more aid No signs of abnormal radiation levels in China

Eurostoxx 50 futures down 2% early

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DAX futures down 2.9%, CAC 40 futures down 1.6% US markets: Dow futures down 1.7%, S&P futures down 2%, NASDAQ futures down 2.1%

French February EU harmonised CPI 0.5% m/m, +1.8% y/y

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Versus median forecasts +0.6%, +1.9% respectively.

FRANCE DATA: Feb HICP +0.5% m/m, +1.8% y/y after Jan.

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FRANCE DATA: Feb HICP +0.5% m/m, +1.8% y/y after Jan -0.3% m/m/+1.9% y/y -- Below expected; MNI analysts survey median forecast +1.9% Y/Y -- nsa CPI: +0.5% m/m, +1.7% y/y after Jan -0.2% m/m, +1.8% y/y -- sa core: +0.1% m/m, +0.4% y/y after Jan +0.7% y/y -- For more information, please see ...

IAEA: Told by Japan spent fuel storage pond at reactor on fire, radioactivity released into atmosphere

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Dose rates up to 400 millisivert per hour reported at site Fire possibly caused by hydrogen explosion Explosion at NO2 reactor occurred at 06:20 local Japan time Reactor operator: Resumed pouring seawater into Fukushima Daiichi NO3 reactor Confirms fire put out at Fukushima Daiichi NO4 reactor Pressure at suppression chamber at Daiichi NO2 reactor down after ...

EUR/USD lower in Asia as risk aversion picks up sharply

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There has been a marked pick up in general risk aversion as the situation with Japan's nuclear reactors deteriorates further. European stocks are set to open sharply lower, DAX around -2.5% and FTSE around -2.7%, according to financial bookmakers. Against this backdrop EUR/USD sits down at 1.3928 from a North American close ...

ForexLive Asian market wrap: Nikkei fell by 15% at one stage

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Radiation fall-out in Japan becomes more serious with levels 40 times normal detected near Tokyo Nikkei fell almost 7% in the morning session and then another 7% immediately after lunch, before bouncing Risk aversion saw big falls in the JPY crosses Unconfirmed reports of BOJ checking prices saw USD/JPY spike 70 pips over ...

BOJ Upgrades Views on Japan Capex, Private Consumption

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TOKYO (MNI) - The Bank of Japan on Tuesday slightly upgraded its assessment of capital investment and private consumption from the previous month. "Business fixed investment is picking up," the BOJ said in its monthly economic report for ...

Tokyo city government: Radiation levels not problematic

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Levels are higher than normal but not problematic Not considering telling residents to stay indoors

China February FDI +32.2% YoY

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AUD/USD bounces off .9925

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Looks like the stops weren't as big as expected or the market got very short in trying to trigger them and now we are seeing a relief rally. I'm not sure which is the case but there's certainly been lots of volatility. Technically the AUD/USD looks like it might be trying ...

AUD/USD very close to rumoured big stops

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.9930 is the level below which the big stops are rumoured and we are getting very close. The JPY crosses are down across the board with both EUR/USD and cable also falling 50 pips pretty quickly.

Nikkei now -13%

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JPY crosses falling as risk-aversion rises

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With the Nikkei now 11% lower on the day, it is little wonder to see pairs like AUD/JPY falling sharply. AUD/USD is again testing important support levels near .9970. Radiation levels near Tokyo are being reported as 40 times normal levels and many international airlines are now cancelling Japan-bound flights.

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