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Feb 27, 2013
Asian markets improve but Japan's Nikkei extends fall
Japan's Nikkei Stock Average fell again today, by -1.27%, as investors almost confirm Kuroda as new BoJ Governor, after Japan’s opposition party (DPJ) announcing their support. Italy's political stalemate is hurting global sentiment. However, most Asian equity indexes edged higher on Wednesday: Mainland China's Shanghai Composite (+0.76%), South Korea's Kospi (+0.20%), Hong Kong's Hang Seng (+0.16%).
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Feb 27, 2013
Forex Flash: EUR/USD may rebound near term - Commerzbank
Commerzbank analysts believe there may be a near term rebound ahead of further losses after yesterday's reluctance in breaking below 1.3000 and ‘doji’. “Overhead lies a band of resistance at 1.3293/1.3335. This is the location of the 55 day ma, the previous 3 month uptrend and an accelerated downtrend – while capped here the market will remain directly offered”, wrote analyst Karen Jones.
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