The regional index MSCI Asia-Pacific is little changed in closing of the Asian markets. It rallied after falling 0,6%, in the belief that yesterday's correction was enough. Markets need to digest the high levels reached in the past weeks rally. Meanwhile, the time for the appointment of the new governor of the Bank of Japan, and the role of a 'group of brains' emerges, a 'brain trust' of “reflationist” professors who advise Prime Minister Shinzo Abe in his bold attempt to stamp out the deflation that has been gripping the Japanese economy for years.
In the currency field, the yen changed little (93,3) and the euro fell further (1,321) against a generally stronger dollar. Stock market futures on Wall Street and in London signal a rebound (+0,3 – +0,5%) while oil weakened again: WTI is at 93,1 and Brent below 114 $/b. Gold recovered slightly after the strong falls of the past few days and reached 1586 $/ounce.
