Between the American economy, which recorded positive data in the real estate sector (see next 'Spark'), Chinese inflation which is still falling, and the increase in employment in Australia (with a drop in the unemployment rate to 5,2 %), there is enough to put together another positive day in Asian markets. The MSCI Asia Pacific index is still growing by about 1%, and the Tokyo stock exchange is close to the 9 mark it had abandoned since last May, despite industrial orders having increased less than expected.
Consumer prices in China increased in July (on the year) by 1,8%, a sharp slowdown compared to 2,2% in June. In short, inflation is no longer a problem, which gives monetary policy more leeway.
The euro is stable near 1,24 and oil remains elevated, en route to $94 a barrel. The futures of the British and American indices signal positive openings.
