Mixed feelings on the Asian stock markets as we await for the Bank of Japan and Fed to meet this week. Ahead of these announcements there are numerous Japanese corporate results, which could be positive considering due to the weakness of the yen. In Tokyo, the Nikkei decline -0.18% trading at 19983.32 points, while the Topix posted a gain of +0.01% to 1619.07. Among the other Asian markets Seoul closed +0.10% while Taiwan +0.60%
There was a rally in Wall Street thanks to the strong buying in the technology sector, as Google, Microsoft and Amazon brought in good results and moment pushing the Nasdaq to new highs for the second day in a row while the S&P 500, overtaking its highs of the March 2. The Nasdaq Composite closed at + 0.71%, the Dow Jones + 0.12% and the S & P 500 + 0.23%.
There was a positive signal coming out of the major European exchanges as investors put a side the Greek news and take in the good macroeconomic news coming out of the German Ifo index that has reached its highest levels in 10 months. Meanwhile the Euro-group in Riga have not given any positive indication on the negations with Greece, but have instead asked Athens to speed the reforms as its financial obligations are due to expire soon. The FTSE100 in London closed at + 0.24%, the DAX in Frankfurt at + 0.74%, the CAC 40 in Paris at + 0.44% and the IBEX 35 in Madrid at + 0.70%. The FTSE Mib closed at + 0.98%.
In the currency market still in recovery as good news comes from the macroeconomic front. During the morning the currency prices hardly moved as investors are reluctant to move their positions ahead of the Fed’s policy meeting, while the stalemate continues between Greece and international creditors. Euro / Dollar traded in a range between 1,085 and 1.0872.
Friday rising oil prices that are maximized for four months, supported by fears of supply disruptions from the Middle East, particularly the fighting in Yemen, and the first signs of a slowdown in production of shale oil in the US. In the morning the future of Brent maturing in June exchanges in area $ 65.2 a barrel, after hitting a peak from December 10 to $ 65.80 a barrel.