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Asian markets up on IMF's Lagarde

By FXstreet.com,  October 12, 2012, 02:19:00 AM EDT

FXstreet.com (Barcelona) - The regretful IMF Chief Lagarde is now pushing for less austerity and more time for the European periphery countries to reach their budget targets, becoming a new obstacle to Germany. Mainland China's Shanghai Composite edged higher by +0.02% and South Korea's Kospi by +0.01%, but higher gains were seen on Hong Kong's Hang Seng (+0.48%) and Singapore's Straits Times (+0.46%). Japan's Nikkei Stock Average shed -0.15%.

Futures for the German DAX 30 and the French CAC 40 are signaling a lower open by -0.20% and -0.43% ahead of EMU industrial production, the French current account and the Italian inflation report, while Spain is closed for National Day. WTI crude oil is up to $92.28 (+0.23%) and Gold rose to $1770 (+0.18%).




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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