3 percent decline in South Korean shares, while a 0

Asian shares subdued

European shares likely gain

By Chikako Mogi

TOKYO, Oct 23 (Reuters) Asian shares canada goose uk outlet were lacklustre buy canada goose jacket with the corporate reporting season getting underway in the region, as investors stayed cautious canada goose clearance sale after global shares faltered overnight on weak earning reports and outlook.

The MSCI index of Asia Pacific shares outside Japan shed early gains on Tuesday to ease 0.1 percent, dragged down by a 0.3 percent decline in South Korean shares, while a 0.1 percent gain in cheap canada goose uk Australian Canada Goose Outlet shares helped partially offset the downward pressure.

Seoul shares slipped ahead of quarterly results from domestic blue chip stocks, starting with POSCO, the world fourth biggest steelmaker, later in the day.

POSCO, in which Warren Buffett Berkshire Hathaway is a shareholder, will kick off the earnings season for major Asian steelmakers. It canada goose uk black friday is likely to post a third consecutive loss, dogged by Canada Goose sale weak China demand and prices.

Hong Kong markets were closed for a holiday and will resume trading on Wednesday.

knows earnings will be weak canada goose uk , but if companies guidance is more cautious than markets expect, then there is a risk that the downside may be tested, said Tetsuro Ii, CEO of Commons Assets Management.

excessive risk aversion has softened, there is nothing to be canada goose black friday sale positive about the global growth slowdown, Ii said. But he added any dip in markets will be a buying opportunity. buy canada goose jacket cheap stock futures were down 0.1 percent to hint at a soft Wall Street open, but European shares will likely rise, with financial spreadbetters expecting London FTSE 100, Paris CAC 40 and Frankfurt DAX to open as much as 0.3 percent higher. stocks were weighed on Monday by heavy equipment maker Caterpillar Inc slashing its 2012 forecast, but Canada Goose Coats On Sale they eked out gains in a late day bounce.

Japan Nikkei average trimmed earlier gains and was up canadian goose jacket 0.2 percent.

The share market gains stemmed from the Canada Goose online yen weakening due to expectations that the Bank of Japan will opt to ease monetary conditions further when its monetary board meets to review policy on Oct. 30.

The Canada Goose Jackets dollar rose to 80.02 yen, its highest since July 6. The yen weakened to a 5 1/2 month low of 104.59 yen canada goose clearance against the euro and a 1 month low of 82.68 canada goose against the Australian dollar.

Traders have said that canada goose coats sentiment towards the yen has been turning around in recent canada goose factory sale weeks, and yen selling gained momentum on Monday after the dollar/yen broke Canada Goose Online key technical resistances.

speaking, expectations for a BOJ easing help push the dollar up against the yen, but the effect on the economy from easing is limited. cheap Canada Goose It more to do with recent canada goose store market flows which have been pointing to a weaker yen, said Hiroshi Canada Goose Parka Maeba, head of FX trading Japan for UBS in Tokyo.

Maeba said the dollar may be capped around 80 yen canada goose uk shop in the near term but support appeared firm at 79.60 79.70 yen, and he expects the dollar to reach 82 yen by the end of the year.

On Monday, a slew of economic reports offered the latest evidence that Japan, the world third biggest economy, was struggling to sustain its momentum in the face of global headwinds and cooling demand and investment at home.

recommend staying engaged in risky assets in FX canadagoose-online-shop , taking advantage of the low volatility conditions uk canada goose being supported by central bank policy, it said.

The euro steadied to $1.3056, drawing support from expectations of bailouts for Spain canada goose coats on sale and Greece in coming weeks and also on comments by European Central Bank policymaker Joerg Asmussen, who reiterated that the bank commitment to do everything in its power to show the euro is irreversible.

Asian credit uk canada goose outlet markets were subdued, with the spread on the iTraxx Asia ex Japan investment grade index widening by 1 basis point.

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