By at least one measure, stocks in Japan are the cheapest they’ve been since the months following the Lehman blowup. The earnings yield – EPS/stock price – on the Nikkei is 603 basis points greater than the 10 year JGB (1.04%), even as earnings are expected to grow 14% in a slow economy this year.

By at least one measure, stocks in Japan are the cheapest they’ve been since the months following the Lehman blowup. The earnings yield – EPS/stock price – on the Nikkei  is 603 basis points greater than the 10 year JGB (1.04%), even as earnings are expected to grow 14% in a slow economy this year…. Read more

Stock futures lower ahead of Bernanke speech, GDP data

[Reuters] – Stock index futures edged lower on Friday as investors found few reasons to buy following a volatile week and ahead of a speech from Federal Reserve Chairman Ben Bernanke on the economy.

Stock futures flat ahead of Bernanke speech, GDP data

[Reuters] – Stock index futures were little changed on Friday as investors hesitated to make bets on when Federal Reserve Chairman Ben Bernanke would announce a new stimulus plan as a volatile week drew to a close.

Stock futures signal gains; Bernanke eyed

[Reuters] – Stock futures pointed to a slightly higher open for equities on Friday after steep declines in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 all up 0.2 percent.

Japan’s Nikkei Average ends 0.3% up at 8,797.78

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Japan’s Nikkei Average ends morning down 0.1%

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Japan stocks slip after U.S. losses, but weaker yen limits loss; Nikkei Average down 0.2%

Japan stocks slip after U.S. losses, but weaker yen limits loss; Nikkei Average down 0.2%

Japan’s Nikkei Average down 0.3% at 8,744.63 early

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Japan’s Nikkei Average futures down 0.7% on SGX

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European shares seen opening up and gold falls

[Reuters] – Asian shares rose on Thursday, pointing to a positive open in Europe, but caution prevailed as investors awaited the outcome of a central bank symposium in Jackson Hole on Friday.