April 25 (Bloomberg) - silver and gold soared to records, oil rose for a fourth day and Asian stocks fell in the acceleration of inflation could undermine the economic recovery in the region of concern. The yen weakened against all 16 of his counterparts.
Silver cash advanced 4% as of 6: 50 a.m. in New York after earlier breaking of 5.4%. Gold rises for a ninth day, while crude oil increased by 0.3% in New York. The MSCI Asia Pacific Index dragged 0.2 percent Posco to Acer Inc. posted lower profits of companies. Standard & Poor 500 Index future increased by 0.3%. Malaysian Ringgit strengthened below 3 to the dollar for the first time in over 13 years. The yen weakened to a euro 119.24 119.71 last week.Shanghai Index led the China Composite losses in Asia after China International Capital Corp. stated that the consumption of the country prices could climb up to 5.5% this month. Inflation Singapore held to 5 percent in March, a Government report showed today. Data this week may show the Japan retail sales sank last month and U.S. gross domestic product growth has slowed, the major central banks of both countries to keep interest rates near zeroAccording to economists surveyed by Bloomberg. "It is very clear that some Asian countries will keep raising rates more while their economies are strong enough to see more hiking, said Hideki Hayashi, a global economist at Mizuho Securities Co. in Tokyo. "However, the market players expect the United States this week to suggest it would maintain low rates for some time, which means more appeal for Asia.".DoublesSilver of money, which has more than doubled over the past year, transferred to $49.1275 per ounce after having earlier reached a maximum of $49.79 as investors sought precious metals as a store of value. Gold for immediate delivery increased by 0.8% to a record $ 1,518.32 an ounce before the Exchange at $1 516.88.Corn for July delivery rose 2.6% to $7.64 a bushel on speculation wet, cold in the Midwest of the United States further delay plantingreduce yields. Wheat increased by 2.7% to $8.57 a bushel.Oil for June delivery increased by 0.4% to $112.69 a barrel on the New York Mercantile Exchange, after the Syrian security forces detained at least 200 people following the assassination of anti-government demonstrators and Senator John McCain said rebel in Libya need help in the fight against the forces of Muammar Kadhafi.la rising prices is fueling speculation policy makers in Asia will intensify efforts tightening. Singapore dollar was little changed at S$ 1.2335 versus the greenback after hit S$ 1.2318. The Central Bank said on April 14 that it would allow more appreciation. The Malaysian ringgit earned as much as 0.5% at 2.9910, the highest level since October 9, 1997, on speculation, the Central Bank will be increasing interest rates the month next to help damp inflation. "Imported Inflation '" there is a perception that the central banks in Asia are allowing their currency thus appreciate to curb imported inflation "Lee Wai Tuck, a strategist to the prediction of the Pte to Singapore, said in an interview with Bloomberg Television. "There are some concerns that if the currencies do not appreciate, inflation may go even higher" in countries including China and Singapore, he said.The yen weakened to the 82.02 per dollar of 81.88. The Japan retail sales declined 6.1% in March from a year earlier after rising 0.1 percent in February, according to the midpoint estimate of economists in a survey of Bloomberg News before the Government data due April 27.BOJFOMCThe Bank of Japan can cut its forecast of real growth for 2011 tax to 0.8 per cent of 1.6% as a result of the earthquake on March 11, the Nikkei newspaper reported today. The Central Bank will keep interest rates of reference to a range between zero and 0.1% at its next meeting, according to the set of 13 economists surveyed by Bloomberg News.The Federal open market Committee will hold the reference rate in a range of zero to 0.25% April 27According to all the 80 economists surveyed by Bloomberg. GDP increased a 1.9% annual pace after increasing at a rate of 3.1 per cent in the previous three months, according to the median estimate of 66 economists surveyed by Bloomberg News prior to April 28 report of the Department of the Commerce.Le Dollar Index dragged 0.3 per cent to 73.922 after having earlier. The gauge used by IntercontinentalExchange Inc. to track the dollar against the currencies of the six major U.S. trading partners affected 73.735 on 21 April, the lowest since August 2008. "Low ' Yen, the Dollar" in the Japan and the United States are the countries which cannot therefore lead to a monetary tightening, the yen and the dollar will be weak, "said Daisaku Ueno, President of Gaitame.com Research Institute Ltd., in Tokyo largest margin the Japon.Environ currency unit four shares declined for all three who has risen on Asia Pacific the MSCI Index, rallied to 2.2 percent last week. It was the steepest weekly gain in a month. Of Shanghai Composite Index fell by 1.5%, led by China Petroleum & Chemical Corp. and China Shenhua Energy Co., after the ICC said consumer prices could climb from 5.2% to 5.5% in April. The Government has an inflation target for the year of 4 percent.Actions of shipment of advanced, led by based in Taipei Evergreen Marine Corp., after KGI Securities Co., said in a report today "peak demand" and container shortages would boost its earnings in the third quarter. Kweichow Moutai Co., manufacturer of China liquor by market value, gained 3.9% after reporting a 49% increase in net income in the first quarter.EarningsPosco slid 1.9% after the third largest steel producer in the world by the said release first-quarter profit fell 33 percent. Acer sank to 3.1 per cent after the second largest world supplier of portable computers said the lower quarterly profit in six years. Reliance Industries Ltd., most large company of the India by the market value fell to 2.7 per cent after posting net income missed analyst forecasts.Since April 11, only 45 percent of the 60 members on the MSCI Asia Pacific reported earnings per share are predictions analyst beat, compared to about 71 per cent MSCI World Index members, according to data compiled by Bloomberg.Futures on the & S P 500 indicate actions can climb today Advanced Micro Devices Inc. companies. to SanDisk Corp. posted earnings that beat Analyst estimates. 22 April, and us stock markets were closed for a holiday.Exchange of Australia for the United Kingdom and the Germany remain excluded today.-With the help of Ron Harui, Masaki Kondo, Jake Lloyd-Smith and Glenys Sim at Singapore, John Dawson in Hong Kong and Hur Jae in Tokyo. Editor: Matthew Brown.
To contact the reporters on this story: Shiyin Chen to Singapore to schen37@bloomberg.net; Yumi Teso to Bangkok to yteso1@bloomberg.net.
To contact the editor responsible for this story: Patrick Chu in Tokyo at the pachu@bloomberg.net
