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Asian markets rise on improved off-shore risk sentiment

By FXstreet.com,  December 16, 2011, 02:45:00 AM EDT

FXstreet.com (Barcelona) - Having the American and the European indexes had a rebound yesterday from a declining week fueled by EU crisis and global recession concerns, Asian markets have also copied an improved risk sentiment.
South Korea's Kospi grew by 1.15%, while Hong Kong's Hang Seng rose by 1.37% and the Japanese Nikkei by 0.25%. The Chinese Shangai Composite gained 2.02% and Australia's S&P/ASX 200 rose by 0.47%.

This Friday, Gold futures retraced part of the high losses during the week. Robin Bhar, analyst at Credit Agricole said that quantitative easing by Central Banks around the world "will likely see gold as an increasingly more attractive investment" to diversify from the greenback.

This Friday lacks of fundamental data releases. The European morning will have EMU Trade Balance, while the US CPI will be the main focus on the American session.




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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