Asian markets, growing for the seventh consecutive day, celebrated the Fed's decisions on new expansionary measures. The euro (which crossed the 1,30 threshold) gained against the dollar, as did many asist currencies, and gold shot up, as befits those convinced of the silly proposition according to which the quantitative monetary expansion measures will lead to runaway inflation. Oil also soared, reaching close to $100/barrel.
In the early Japanese afternoon, the regional index recorded a leap of 2,3%. The closure of Wall Street yesterday evening, at the highest levels since the end of 2007, caused the prices of Asian companies that export to the USA to rise. Little news from the real economy: in South Korea both imports and exports accelerated in August, unlike what happened in China and Japan.
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