The central bankers' symposium in Wyoming, in Jackson Hole, led to a series of comments by Yellen, Draghi, and Kuroda that didn't say much more than what has already been stated above. Yellen reiterated that the fall in the unemployment rate does not indicate that the labor market has improved to the same extent: other indicators recommend maintaining an expansionary posture overall. Draghi's emphasis on the possibility of quantitative expansion interventions, while not saying much more than what has been said in the past, was interpreted in a positive sense, thus contributing to a fall of the euro, which reached 1,320 against the dollar. The MSCI Asia Pacific regional index was little changed, but Tokyo stocks were up 0,5%, on the back of a weaker yen, which moved past 104.
Gold remains at the low levels of Friday, at 1278 $/ounce, and oil also remains at the price of 93,6 $/b (Brent at 102,3). Futures on the S&P0,3 were positive (+500%).
http://www.bloomberg.com/news/2014-08-25/asian-stocks-little-changed-after-yellen-rate-comments.html
