Syria diplomacy cools oil
President Barack Obama that Russia plan to put Syrian chemical weapons cheap Canada Goose under international control topcanadagoose could be a breakthrough in the crisis. The rally Canada Goose Coats On Sale was spurred by upbeat industrial and retail figures from China.
Equity markets were performing particularly strongly and canada goose clearance Wall Street uk canada goose outlet was expected to add 0.6 0.7 percent to the previous session 1 percent jump when trading resumes.
MSCI world index, which tracks 45 countries, was already on course to chalk up its longest run of daily gains since December as a 1.2 percent jump in European shares followed a 3 month high for Asian stocks. markets overnight, said Lee Curtis, a sales trader at City Index in London.
had clients canada goose buying into buy canada goose jacket the market first thing after the Canada Goose Parka Chinese data, and they cheap canada goose uk continue to hold buy canada goose jacket cheap their longs (bets on further rises) as well so they seem pretty bullish. action although Obama said on Monday canada goose black friday sale he will keep trying to convince politicians to back military action.
Analysts warned it could be only a pause in the tensions but a Russian media report that Syria had accepted the plan further stimulated risk appetite. and German government bonds and gold and other precious metals were also back pedalling.
CHINA DATA Canada Goose online Lower oil prices are supportive for global growth and usually a particularly positive development for Asia, a region that relies heavily on imports for its energy needs.
MSCI broadest index of Asia Pacific shares outside Japan ended at its highest since early June as it extended its gains for the week to canada goose store 2.5 percent, while Canada Goose Jackets Tokyo Nikkei closed 1.5 percent higher.
Upbeat industrial output and retail sales data from China on canada goose uk shop Tuesday added to evidence that its economic slowdown may have bottomed out. jobs data which muted expectations about how fast the Federal Reserve would scale back canada goose uk outlet its stimulus policy.
A Reuters poll on Monday showed economists generally expect the Fed to announce a reduction in its $85 billion monthly bond buying programme by just $10 billion.
The MSCI emerging equities index was at a three month high as the day 1.4 percent rise took its rally over the last nine trading sessions to almost 9 percent.
Societe Generale strategist canada goose coats Benoit Anne warned it could prove to be a short term bounce.
But canada goose factory sale Bill Street, head of EMEA investments at State Street in London, challenged that view. the developed markets are getting back on their feet, I just don understand at what point that is bad for emerging markets, Street said.
DOLLAR, EURO CLIMB, YEN RETREATS The cooling Syria tensions and the better China data helped the dollar Canada Goose Online shake off some of its recent sluggishness and the euro sidestep some weaker than expected French output figures.
The broader currency market trend away from safe havens sent Japan yen back below 100 to the dollar and to a seven week canada goose coats on sale low against the euro, while the Swiss franc also lost ground. However, the dollar remained near Canada Goose Outlet a 1 Canada Goose sale 1/2 week low against a Canada Goose online basket of major currencies.
Adding to uncertainty, San canada goose uk black friday Francisco Federal Reserve Bank President John Williams said on Monday he hasn made up his mind yet over whether to support a reduction in Fed bond purchases.
But risks around Syria are a bit canadian goose jacket smaller and we also canada goose clearance sale had some decent numbers out of China. This is a good combination to go into riskier currencies, so people are moving out of the classic safe havens like uk canada goose the yen and Swiss franc, said Arne Lohmann Rasmussen, head of FX research at Danske Bank.