Between the good news of the economic situation in America (retail sales still on the rise, producer prices falling) and the torments of the European crisis, Wall Street has chosen the former and closed in positive terms.
But this closure did not console Asian stock exchanges this morning, which recorded another 'bad' day, around -1%. The sovereign debt crisis in Europe has also spread to the triple A countries, and spreads have widened in France, Austria and Finland. In the meantime, the single currency also weakened and stands at 1.34 against the dollar. Italy is still at the epicenter of tensions. Even if the incumbent Mario Monti shows optimism, the markets remain anxious and nervousness will remain until there is more precise news on the program and the composition of the government.
http://www.bloomberg.com/news/2011-11-16/asian-stocks-decline-as-euro-drops-for-a-third-day-on-concerns-over-italy.html
