The highest level since August 2011 was reached byMSCI Asia Pacific index, which in the Japanese early afternoon is growing by 0,7%. The p/e of the regional index rose to 15,1 – still a non-bubble level – against 14,0 for the S&P 500 and 12,7 for the Stoxx Europe 600. growth of the Nikkei (0,4%) is somewhat lower, but the progress marks 8 consecutive days, driven by the depreciation of the Japanese currency: the yen surpassed 96 against the dollar. Japan's most comprehensive stock market index, the Topix, has soared a whopping 41% since last November's announcement of aggressive monetary policy that the Bank of Japan, led by new governor Haruhiko Kuroda, is about to implement in operation (even with the purchase of derivatives, Kuroda declared).
Optimism is based above all on the good news of theamerican economy: Job creation accelerates and unemployment falls. The good mood was tempered by China's industrial production data, which in the first two months of the year (must take them together given that the Chinese New Year holiday week fell in January in 2012 and February in 2013) rose by 9,9 .2009%: a less lively start to the year than in previous years, starting from XNUMX.
THEeuro it is stable around 1,30 and gold is around 1580 $/ounce. Stable too WTI oil at odds of 91,8.
