The MSCI Asia Pacific regional index is on track to end the day up 0,7%, taking the week's increase to 1,6%. Behind this good performance, which brought the index to a level 14% above its June lows, there is an optimism that does not dampen as regards the American agreement on the "fiscal cliff" and Greece's prospects.
Also helping was a 1,8% month-on-month rise in industrial production in Japan. In truth, given the collapse in September, this increase is not enough to change the downward trend, but markets are hoping that in the upcoming elections the Liberal Democrat party, which is expected to return to power, will push for a more expansionary policy, especially monetary .
The euro improves to 1.30 and the yen, for the reasons just mentioned, remains weak, around 82,5 against the dollar, to the relief of Japanese producers.
