Asia stable after good news on US and European data
La positive closure of Wall Street is in direct with the good results of the retail sales, which also grew net of the more volatile components (car purchases and fuel costs). Even in Europe, the data on industrial production confirm that the bottom of the crisis has been reached and begins the ascent, however slow. The MSCI Asia Pacific index has not changed compared to yesterday: The Nikkei is in decline (the yen has strengthened again, falling towards 98) while Shanghai is growing slightly (Hong Kong is closed due to the arrival of typhoon Utor).
Gold doesn't seem to make it higher yet, and, from 1337 yesterday it dropped towards 1321 $/ounce. The dollar, which had gained almost 1% (actual exchange rate, Bloomberg Dollar Index) in the previous two days, remained at yesterday's levels and the euro is below 1,33. Oil is also stable at 106,4 (WTI). Data on French, German and Eurozone GDP are expected today. Stock futures on London and Wall Street are little varied.
http://www.bloomberg.com/news/2013-08-13/yen-holds-drop-as-aussie-index-futures-advance-wti-falls.html
