The single currency, after falling to 1,186 against the dollar, rose above 1,19 in the early Japanese afternoon, but the downward trend continues, fueled by the situation in Greece and the increasingly probable launch of quantitative expansion operations by the ECB. In the last year the euro has lost 12% against the dollar.
An index of global bonds (Bank of America Merrill Lynch Global Broad Market Sovereign Plus Index) reports an effective yield of 1,30%, just above the all-time low (in 2013) of 1,29%.
The US currency also strengthened against the other major currencies, from the pound to the yen, from the Australian dollar to the yuan. Equity markets have mixed performances in Asia, but the most important role is that of the Chinese stock market, which again today posts a strong increase, exceeding 2% (CIS 300 index). Also in Hong Kong the stock market closes positive, after the Chinese premier approved a link between the stock markets of Hong Kong and Shenzen (after the one already operational with Shanghai).
Gold remains below 1200 (1192 $/ounce) while oil falls again: 51,8 $/b for WTI, 55,5 for Brent. Stable equity futures on Wall Street.
