Wall Street closed steady last night, but markets in Asia became concerned – the fear resurfaces regularly – about the Chinese slowdown, fearing it could herald a hard landing. The figure for the day is total credit, the expansion of which has disappointed analysts' expectations. But the movements are limited: the MSCI Asia Pacific regional index is falling by 0,3% towards the end of the day and the Nikkei instead rises (+0,4%), comforted by a yen which passed 107 (107,3, XNUMX) against the dollar – the lowest level for almost six years..
The price of gold continues to crumble: the yellow metal shares 1234 $/ounce, at the lowest level since last January. The effective exchange rate of the dollar (against the 10 most important currencies) gained again and is at its highest level since last July. But the euro has not weakened and marks yesterday's levels (1,292). WTI oil is at $92,9/b and Brent at 97,8: the differential has narrowed significantly. Futures on the Footsie were positive (+0,2%) and those on the S&P500 stable.
