The combination of Obama's decision to seek the assent of Congress before the intervention in Syria and a good result for the Chinese PMI index (which confirms, with the "official" PMI, the previous increase in the Markit PMI -HSBC) have allowed a good opening for the Asian markets.
The price of oil, previously driven by the winds of war, fell towards 106 $/b, while the MSCI Asia Pacific regional index rose by almost 1% in the early afternoon in Japan. Today the American markets are closed, but futures, both for Wall Street and for London, are giving positive signals.
The single currency stands at 1,32 against the dollar, and the yen, between 98 and 99, contributed to the good result of the Tokyo Stock Exchange, which is rising by 1,4%. Gold has been rejected once again from 1400 and stands at 1392 $/ounce. Among the raw materials, copper, perhaps the metal most sensitive to the international situation, is improving its prices.
