Asia:
The PM of China, Li, drives Asian indices yesterday after saying that 2013 GDP below 7% would be unacceptable for the country and call to invest in weaker sectors of the Chinese economy. On the other hand, his finance minister says I should not expect any major fiscal stimulus this year and 6.5% of GDP would be tolerable.
The Japanese government raised its assessment of the economy and highlights 3rd consecutive month that the economy shows signs of sustaining itself and deflationary environment is receding.
Kuroda, governor of the Bank of Japan, said that the rise in the share price reflects a positive development of the Japanese real economy is a positive response to the weakness of the Yen.
The Nikkei closes a +0.8% higher at 14,778 points.
Europe and the UK:
Rajoy confirmed that he will appear in parliament to answer for the scandal Barcenas. Rubalcaba submit a censure motion and ask Rajoy to resign.
De Guindos reiterates its forecast of 2Q GDP close to 0. Expected to improve labor market beyond the usual best of the summer season.
EU ministers hold talks on Greece on Wednesday July 24. The financial press yesterday echoed the current account surplus of Greece and speculated with an exit from the Eurozone to be assumed that unsustainable debt and bankruptcy is inevitable.
USA:
Very narrow range of motion for the T-Notes to the absolute absence of economic data in the U.S.. The active frame the day's high after the data, somewhat regularly, home sales but without highlighting respect to previous levels. Shut down 2 ticks at 126.045 and held prior to the opening up of Europe.
Forex
Weakness in the USD against the DólarAustraliano escalated, data began after Existing Home Sales. Almost total absence of market movers and very low volume that movements conducive to 0.9280, important resistance area. Euro / Dollar rises back to 1.3205 but consolidate the area. However, the crossing stays with upward pressure. Pound / dollar within a narrow range between 1.5370 and 1.5350 after hitting a rally yesterday more than 80 pips. Dollar / Yen shows even weakness at the junction by the USD which even reaches 99.12 in early Asian session, and subsequently recovered to 99.55.
Commodities
WTI Crude falls below 106.50 USD on a somewhat expected move by the weakness of the media created last week. The barrel lose Brent parity after two weeks of bullish strength that has reached 109.30 USD. Listed at 106.70 USD, 1.60 USD down prior to the European open.
No comments:
Post a Comment