Share

Stock market: Asia steady, China doing well

Shanghai climbs more than two points after positive data on Chinese corporate profits – In Japan, however, the Nikkei has lost something, but remains at high levels.

Stock market: Asia steady, China doing well

The increase in profits of Chinese companies comforted the Shanghai Stock Exchange, which rose by more than 2% (the highest level since June last year). The MSCI Asia Pacific regional index is shedding 0,2%, but this is hardly a trend reversal. The yen against dollar exchange rate lost little (that is, the yen appreciated) but remains above 91, and probably still has a long way to go, even if the 'mirage' of Japanese producers (yen at 100) is still far away. Conversely, the Nikkei has lost something, but remains at high levels.

The euro is still strong, at 1,346 against the dollar and gold, rejected by the attack at 1700 level, stopped around 1660. Oil is regaining 96 level and could still go up. quota 500: the historical record, established in October 1500, is 2007. And futures on Wall Street are stable or in slight progress.


Attachments: Bloomberg

comments