Asian markets rise, China’s PMI on Thursday

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FXstreet.com (Barcelona) - China's PMI consensus is of 50.7 in February, after actual 50.5 in January and 50.2 in December. If correct, some excitement might be seen in risk instruments in next days.

South Korea's Kospi rose 0.63%, Hong Kong's Hang Seng Index added 1.28% and Japan's Nikkei Stock Average gained 0.92%. After a weaker session, China's Shanghai Composite was able to recover and add gains, by 0.2%. Australia's S&P/ASX 200 index was the loser, drowning by -0.1%.

The focus is still on the Eurozone. The S&P rating agency downgraded Greece to "selective default" after the CAC approval. As the move is not a surprise, analysts don't expect significant jittering.

The ECB is launching the second LTRO next Thursday, which might boost equities, especially the financial sector.
In terms of oil, Crude is still above $108 and Brent above $123. The very much inflated commodity is concerning dovish central bankers, that fear higher inflation during the easing process.

Gold quotes at $1778, pointing to the upside.

The EUR/USD is opening the European session with a plunge from 1.3450 to 1.3425, for now.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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