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May 23, 2013
Nikkei index goes crazy, shy of the 16000 handle
The Nikkei index is posting yet another 5.5-year high last at 15903, up +1.73% for the day, highest since early Dec 2007. The index adds almost a 5% gain this week alone, while mounts for almost +85% advance from Nov lows when anticipated elections were called in Japan. The move comes on the back of local bonds keep selling off, and continued Yen weakness.
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May 23, 2013
Aussie continues slide lower after HSBC PMI misses estimates
The Aussie is edging lower during Asia trade, down another 60 pips at 0.9640 and continuing to slide after more weak economic data from China.
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