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Asian stocks edge up, euro holds ground on ECB hopes

It is reported by Reuters that Asian shares belted up on Thursday and the euro captivated the antecedent session's assets fabricated afterwards letters that the European Central Bank will buy absolute amounts of concise absolute bonds to cap surging borrowing costs in accountable euro area states.

The individual bill jumped added than 1 euro cent on Wednesday to a top of $1.2625 afterwards a cord of leaks from euro area admiral aloft expectations that the ECB will bare a band activity plan afterwards Thursday's activity meeting.

"This affair is actually crucial, because expectations are acutely high. If the ECB does not deliver, we will get into addition bad patch," said Gilles Moec, arch European economist at Deutsche Bank.

The euro captivated abiding just beneath $1.26 on Thursday and the dollar was collapsed adjoins a bassinet of above currencies .DXY. 

MSCI's broadest basis of Asia Pacific shares alfresco Japan .MIAPJ0000PUS rose 0.2 percent while Japan's Nikkei .N225 was flat. .T

U.S. stocks had abundantly abandoned the European news, with the Dow Jones Industrial Average .DJI accepting 0.1 percent but the broader S&P 500 .SPX abatement 0.1 percent, aching by a accumulation admonishing from bread-and-butter bellwether FedEx Corp (FDX.N). .N

"While FedEx is alone one company, it's one whose admonishing is apocalyptic of the all-around bread-and-butter arrest we're ambidextrous with," said Leo Grohowski, arch advice administrator at BNY Mellon Wealth Management in New York.

Oil was additional by expectations that ECB activity will abutment asset prices, with U.S. awkward up 0.4 percent at $95.78 a butt and Brent awkward accepting 0.3 percent to $113.44. But gold belted aback from abreast a six-month high, abatement about $1.50 to about $1,691.50 an ounce.

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Tiger Woods would end up third Monday in the Deutsche Bank Championship, but his prize money check would lift him past $100 million in earnings.

"The purse increase helps," Woods said after a final-round 66 left him two strokes behind winner Rory McIlroy in the second week of the four-tournament FedEx Cup playoff. "I won fewer tournaments than Sam Snead has, but obviously he was in a different era. It's just that we happened to time it up right and happened to play well when the purses really had a nice spike up."

Snead, the career leader with 82 PGA Tour victories, earned just $620,126 in a career that started in 1937. His biggest prize was $28,000 for a second-place finish in Milwaukee in 1968, and for most of his prime he played in tournaments with a total purse — that's all the payouts combined — of less than $100,000.

Woods has won 74 tournaments, second all-time, including 38 times with a first prize of $1 million or more. His winnings come out to an average of $362,276.89 for each of his 277 career starts.

But it's not just good timing: Prize money skyrocketed on the PGA Tour after Woods went pro and brought huge crowds and television audiences to the sport.

"It was nice to have a nice start to my career, and I won some majors early," he said. "I think we got some interest in the game of golf. A lot more youth, that's for sure."

This weekend's Deutsche Bank paid out $8 million, including the $1.44 million that went to McIlroy for his third victory of the year.

By finishing strong — he was in the 60s in all four rounds — Woods remains in contention for the $10 million FedEx Cup bonus, which he has won twice. That money isn't even included in his official career earnings, nor is the hundreds of millions he has collected in endorsements.

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