The MSCI Asia Pacific regional index gained 0,2%, to its highest level in 18 months. The closure of Wall Street has helped: both the Dow and the S&P are close (1% and 3% respectively) to the all-time highs reached in October 2007, just before the Great Recession hit. The ups and downs of the yen, which first fell and then rose due to different interpretations of the statements of G7 and G20 representatives, did not help Tokyo, which fell by 1%, even if a retreat was physiological, given the strong rally of the last few weeks.
The outgoing data for Japan will probably see a return to growth for GDP, estimated - quarter on quarter - at 0,4%. In the currency field, the euro remains relatively strong, around 1,345, while the Australian dollar strengthens, following the good performance of the Sydney Stock Exchange, where the All Ordinaries exceeded the 5000 mark, gaining 16% over the year . Oil has recovered, and is attempting to climb again to 98 (WTI).
