THEAsia recovers and looks forward to today's Fed meeting (results tomorrow)
After the positive closures in Europe and America yesterday, Asian markets started the day on a more encouraging note, e the MSCI Asia Pacific regional index records a +0,5% in the middle of the day. The Nikkei marks +0,7%, following the yen which is back to touching 103 against the dollar.
Real economy data more than offset the usual heaviness associated with the Fed's tapering decision. The meeting in Washington opens today and will close tomorrow with the anxiously awaited statement: at least a third of analysts expect the Fed to maintain, but at a lower level, the purchases of securities by the Fed.
The real economy recorded two pieces of good news on themanufacturing activity: both the PMI indices in Europe and the industrial production in America (+1,1% on the month) grew beyond expectations.
THEeuro it is closer to 1,38 than to 1,37 against the dollar, gold is at 1241 $/ounce and oil is stable at 97,4 $/b (WTI – Brent: 109,4).
http://www.bloomberg.com/news/2013-12-17/asian-stocks-rise-as-index-rebounds-from-three-month-low.html
