16 Sep '11, 10am

Asia Daily Bulletin – 16/09/11: Asian equity markets are in the green for another session, tracking a third cons...

Asia Daily Bulletin – 16/09/11: Asian equity markets are in the green for another session, tracking a third cons...

- Asian equity markets are in the green for another session, tracking a third consecutive session of US market strength on the back of the liquidity announcement from the world’s 5 major central banks: Federal Reserve, the European Central Bank, the Swiss National Bank, the Bank of England and the Bank of Japan. Together the five banks added dollars to the market and agreed to future dates to jointly work together to ensure liquidity. Concerns in the market remain that Italy is facing a sovereign downgrade, EFSF bailout fund disagreements and a looming Greek default. Dollar strength was the general trend across the major European currencies, EUR/USD was in a 50 pip range, AUD and NZD both had modest gains against the dollar. Emerging market currencies were strong against the greenback, KRW gained 1.1% to 1,100.40

Full article: http://www.sharesinv.com/articles/2011/09/16/asia-daily-b...

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