The G-20 does not give the desired impetus to investors in Asian trade today, it is felt by most of the shares in the region reported a decline. After meeting the most developed economies, held in Canada this weekend, was circulated communique, which gives a greater grace period for banks to increase their capital and liquidity and which promises to strike a balance between fiscal consolidation (reducing the deficit ) and the ongoing measures to stimulate the fragile economic recovery. Meanwhile, one of the biggest players in the forex market – John Taylor, who runs the biggest currency hedge fund FX Concepts LLC stated that “we are very scared some owners euro. Taylor predicted with great accuracy the decline in the single European currency had two months, said he hoped the depreciation of the euro should not last longer than August. Asia-Pacific MSCI Asia Pacific Index closed with a fall of 0.1 percent. Nikkei fell 0.45% (due mainly to the strengthening of the yen forex market that Japanese exports more expensive), Hang Senga rose by 0.49%, Shanghai Composite fell by 0.58 percent, while South Korean Kospi index rose by 0.13 percent, says Finance.news.bg . Before the official start of trading in Wall Street index S & P 500 reported a decrease of 0.1%. European index futures 600 Euro Stoxx went up after last week they reported the first index to decline last month. FTAE100 futures rose by 0.6%, the DAX by 0.5% and 0.9% CAC40.
The dollar decline against the euro account for a fourth day. The single currency reached 1.2398 dollars from the cross in early Asian trade. At 10:50 local time the euro wiped part of the growth and traded at levels of 1.2354 EUR / USD. Oil prices today reached its highest value on 6 May for the fall in the dollar and growing concerns about storm Alex, which might endanger the production of raw material into the Atlantic. U.S. light crude for delivery in avgast fell 6 cents to 78.80sled as earlier today reported an increase of 0.7 percent to 79.30 dollars per barrel, the highest price since the beginning of May. It is expected this quarter to lower oil price, with 1.5 percent, this would be the first quarterly decline since the 3. Brent with delivery in August rose by 8 cents in early Asian trading to 78.20 dollars a barrel. On Friday, the contracts rose by 1.65 dollars or 2.2 percent to 78.12 dollars per barrel. In early Asian trading copper rose 1 percent after it was announced that the stock has fallen. Zinc rose by 0.2%