After the positive session of Wall Street of the weekend, i markets in Asia they started to grow again, pulled from Tokyo (which at the end of the day recorded an increase in prices – Nikkei and Topix – of 2 percent and more) and from Shanghai (+ 1,3%).
THEMSCI Asia Pacific index it gained 1,2% at the end of the day, regaining almost all the ground lost on Friday. In China the low inflation announced this morning (+2,3% on the year in July) leaves more room for monetary support: together with higher spending on infrastructure and the good news on exports and the manufacturing sector, the data suggest that the Chinese economy is on the right track with regard to the growth target for this year (+7,5%).
The yen has begun to fall again (102,1 against the dollar) while the euro remains at 1,34. The surge in gold is reduced, which reaches 1308 $/ounce. Oil maintains Friday's gains, just below $98/b (WTI – Brent marks 105,1). Stock futures on the S&P500 and the Footsie were positive (+0,2% and 0,6% respectively).
