FXstreet.com (Barcelona) - Asian markets have soared on Monday as swine flu fears ebb and strong economic data supports the idea of a global economic recovery. Euro and Pound have appreciated slightly, while the Yen remains in range.
China's Shangai Composite Index rose 2.3% and Hong Kong's Hang Seng Index added 2.4%; South Korean Kospi Index rose 1.5%. markets in Japan are closed on Monday.
Asian markets have been buoyed on Monday by positive macroeconomic data coming from U.S. Consumer sentiment rose in April, and Manufacturing PMI figures showed that the industrial slowdown might have bottomed already.
Euro and Pound, slightly up
The Euro has appreciated slightly against the Dollar to gain positions above 1.3300 ahead of the European session opening. At the moment the Euro trades at 1.3317; 0.27% above its opening price.
GBP/USD has opened the day at levels around 1.4920 to reach a session high around 1.4980 and ease towards 1.4940 ahead of the European session opening.
USD /JPY remains moving in a narrow range below 99.60.
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