Session of moderate gains for Asia. In Tokyo, the Nikkei 225 is -0,03% -

a Session of moderate gains for Asia. In Tokyo, the Nikkei 225 is -0,03%

After the rally of more than 2% on Wall Street on the eve of the presidential elections, the chair of the asian markets is decidedly more subdued, though overall positive. While investors seem to have metabolized the fears of the past few days and bet on the victory of Hillary Clinton is considered the candidate of the status quo, the Us dollar lost marginal ground, and the slight appreciation of the yen (which had lost 1.3% against the currency of the Usa on Monday), it slows down the performance of Tokyo. In closing, the Nikkei 225 is the only one among the major indexes in the region to register a loss, even if it is limited to 0,03% (on equal the index plus the broader Topix, which closes, however, in positive of 0.05%). In Seoul, the Kospi marks a progress of 0.29% at the end of trading.

On the macroeconomic front, the spotlight is on the scale of Beijing’s commercial. According to data released by the General Administration of Customs, in October exports from China fell 7.3% on an annual basis, an improvement compared to 10.0% decline recorded in September, but against the 2.8% decline in August. The figure marks the seventh consecutive month of decline and compares with the decline of 5.7% consensus of Wall Street Journal. Does not seem, however, to suffer of the squares of the chinese. Shanghai Composite Shanghai Shenzhen Csi 300 mark the progress of 0.46% and 0.43 per cent respectively. Is even better the Shenzhen Composite, apprezzatosi of 0.66% in closing. Also positive, the day of Hong Kong: about an hour from stop to trading the Hang Seng gains, in fact, about 0.30% (and more limited appreciation of the Hang Seng China Enterprises Index, sub index reference in the former british colony for Corporate China, which is moving just above parity).

in commodities, oil moves around the values achieved on Monday with a leap dell’1,90% driven by the statements of the Opec according to which Russia would be ready to support the cutting at the production announced at the end of September by the organization of 14 major oil producers (with proven reserves in excess of 70% of the world total). The gold is in moderate progress after the loss of’1.80 per cent Monday, while copper and nickel earn 0.20% and 1.40%, respectively, in London. And, for once, the oil (Santos is the rally of more than 6%), and mining (Bhp Billiton touches a gain of 3%) move in unison and positively in Sydney. The progress of the S&P ASX 200 is limited to 0.13% on the downward pressures coming above all from the banks.

(RR)