The word 'patient' used in yesterday's Federal Reserve release to describe the forthcoming hike in key interest rates was celebrated by Wall Street and the S&P500 returned above the 2000 level with a 2% increase. A similar rebound, of 2,3%, is being recorded by the Nikkei towards the end of the session. Shanghai also continues to rise, and the CSI300 index registers the sixth consecutive positive session. The MSCI Asia Pacific regional index advanced 0,8% in the early afternoon in Japan.
The renewed strength of Wall Street is accompanied by that of the dollar: the yen depreciates to 118,41 and the euro drops to 1,235. The Chinese currency also weakened against the dollar, to the lowest level (6.21) since last July. The ruble has recovered strongly and stands at 59,9 against the dollar, after having touched 80 two days ago. However, the exchange rate is very far from the 38 in September.
Gold fluctuates around 1200 and marks, at 7 in the Italian morning, 1198 $/ounce. Oil has risen sharply in the last 24 hours and WTI remains above 56 $/b. Stable futures on the S&P500.
