After Wall Street's positive close, Asian markets fluctuated at yesterday's levels, consolidating recent advances. The closing of the week will be little changed from the previous Friday. The exception is Japan: The Nikkei advanced again, more than 1%, with a yen that passed the 89 level and the cabinet approved a stimulus plan that amounts to about 2% of GDP. The monetary conditions (low rates, quantitative expansion and weak currency) are among the most favorable in recent years, and, together with the strong budgetary expansion measures, are preparing to give the economy a boost that the government would like to be decisive, in order to get Japan out of stagnation.
La Chinese stock exchange, on the other hand, fell following the acceleration (although not really worrying) of inflation, which rose from 2,3% to 2,5%, limiting, according to market fears, the space for monetary policy stimuli.
The euro rallied strongly to 1,326 and oil is climbing towards 94.
