At 13,30 pm in Tokyo, the stock index of the area - MSCI Asia Pacific - grew by 0,3% and this Friday will record the fourth consecutive week of progress. The catalyst for Wall Street's records and progress in Asia was the announcement of the ECB's measures, which conveyed the central bank's strong determination to fight deflation and pave the complicated paths that bring credit from banks to households and businesses of the Eurozone.
Today at 14,30 we will also have the eagerly awaited data on the American labor market: a net creation of jobs exceeding 200 thousand, and the confirmation of the sharp reduction in the unemployment rate in April could give new wings to quotations.
The negative rate on deposits with the ECB was one of the measures that should have lowered the quotations of the euro, and in fact the first reaction was to bring down the exchange rate against the dollar towards 1,35. But then the euro recovered, and today it is 1,366 on the Asian markets – even more than in the days before the decision.
Gold gained around ten dollars but then stopped and recorded $1254/ounce in the Asian mid-day. WTI oil has not changed much and stands at 102,5 $/b.
