FXstreet.com (Barcelona) - The Asian markets extended its recent gains based on intentions of a stronger European action to tackle the debt crisis, even though German leaders are opposed to the bond buying programmes. Meanwhile, the IMF seems to be finding ways to ease pressure on Greece, namely through a public owned haircut.
Nikkei Stock Average (+0.88%), Australia’s S&P/ASX 200 (+0.42%), Hong Kong’s Hang Seng (+0.19%), South Korea’s Kospi (+0.05%) edged higher, while China’s Shanghai Composite turned the other way, (-0.15%). One of the main market drivers this week is expected to be China’s inflation reports and trade balance, among other Chinese data, due on Thursday and Friday.
Futures for the German DAX 30 (-0.22%) and the French CAC 40 (-0.05%) are signaling a lower open ahead of industrial data in Europe and GDP figures in Italy. WTI crude oil trades at $91.85 (-0.35%) and Gold is flat at $1610.
Nikkei Stock Average (+0.88%), Australia’s S&P/ASX 200 (+0.42%), Hong Kong’s Hang Seng (+0.19%), South Korea’s Kospi (+0.05%) edged higher, while China’s Shanghai Composite turned the other way, (-0.15%). One of the main market drivers this week is expected to be China’s inflation reports and trade balance, among other Chinese data, due on Thursday and Friday.
Futures for the German DAX 30 (-0.22%) and the French CAC 40 (-0.05%) are signaling a lower open ahead of industrial data in Europe and GDP figures in Italy. WTI crude oil trades at $91.85 (-0.35%) and Gold is flat at $1610.
