FXstreet.com (Barcelona) - Asian markets are going through slight gains on Monday ahead of important earning reports by U.S companies, which could influence investor's attitude for the current week. Euro and Pound have dropped moderately during the Asian session, while The Yen has ticked up against the Dollar.
Tokyo Nikkei Index has edged up 0.1%, after a negative beginning, wile the South Korean Kospi Index rose 0.3%. Australian and Singapore markets lost ground, while Shangai and Hong Kong's markets soared, fuelled by the Chinese Prime minister affirming that the stimulus package is working and that Chinese Economy is going better than expected.
Markets ate moving in tight ranges, though, as a set of important companies are expected to publish their earning reports; Bank of America, Coca-Cola, Microsoft, IBM and McDonald's, among them, to confirm that the worst part of the economic slowdown has been left behind in America.
Euro and pound slightly weaker
Euro and Pound are trading at levels below their opening price at the end of Asian session. The Euro has dropped from an opening price of around 1.3050 to a minimum level of 1.2966 during Asian session to bounce up above 1.30. At the moment, the EUR/USD is toying with the 1.30 level.
GBP/USD has opened the day at 1.4785 to drop to a minimum of 1.4705 during Asian trading session, and, after a slight attempt to recovery reaching 1.4755, the Pound drops again to levels right above session low at 1.4705.
USD/JPY has dropped from an opening price of 99.20 to a session low at 98.60, the Dollar has picked up slightly and trades around 98.80/99.00 at the time of writing.
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