FXstreet.com (London) - Asian stock markets traded bullishly ahead of the four day weekend, with all of the major indices gaining over one percentage point. Global stock markets have broadly made gain in the run up to Year end, as investor sentiment (and perhaps Christmas spirit) sets in.
Macro data from the major world economies, US, Canada, UK, and the emerging economies such as China, have began to show hope for the future. These data have acted as the first indicators of the success of the economic stimuli and billions of dollars governments around the world have provided.
Asian stock markets midway through the Asian session are as follows, with continued Japanese weakness helping the charge: Nikkei 225 +1.6%, Australia's S&P +1.1%, and the Kospi +1.3%.
USD/JPY trades at 91.50, after bouncing from 14 year lows at 84.80 just over one month ago. The Yen continued Yen strength was killing exports and this recent respite for the currency has been welcomed by exporters.