The regional index MSCI Asia-Pacific is growing by 0,4% towards the end of trading in Asia, despite the decline in Nikkei which was affected by the appreciation of the yen (117,7 against the dollar). The index of Shanghai is strongly recovering (+3,1%) helped also by some final data released by the National Bureau of Statistics: for 2014 the rate of unemployment in China stands at 5,1%, disposable income is growing faster than GDP, helping to reduce inequality (see launch below) and 13,11 million jobs have been created, more than the 10 million target.
The positive closure of Wall Street has reassured the markets, which however remain awaiting the results of the ECB meeting tomorrow. The climate of uncertainty and the forthcoming launch of another quantitative expansion operation of the currency fuel the gold prices which reach 1298 $/ounce. The euro was stable, at 1,155 against the dollar, while oil weakened again, at 46,4 $/b (WTI – Brent at 48,4). Futures on the S&P0,2 (+500%) were slightly positive.
