The Asian market in the green
Asian markets are mostly in positive territory on Monday. As the United States and Europe, Asian markets seem to have temporarily turned the page file from Libya to the advantage of a lull in the oil markets.
In Japan, the Ministry of Economy, Trade and Industry (METI) has reported a 2.4% increase in January industrial production in the archipelago through improved production Auto. By comparison, the increase was 3.3% in December and 1% month on month in November, after a steady decline from June to October. In contrast, retail sales in Japan were flat in January (+0.1% yoy).
The Nikkei has rebounded, however, the slope after starting down 0.72%. The benchmark index of the Tokyo Stock Exchange ended the day with a rise of 0.92% to 10,624.09 points.The broader Topix index of his side finished the session with a gain of 0.99% to 951.27 points.
The growth of China and India under the microscope
In China, markets have also started in the red. The Shanghai Stock Exchange and Hong Kong lost 0.23% and respectively 0.36% in early trade. The operators were cooled by ads, this weekend, Prime Minister Wen Jiabao. The latter was thus delivered to a lower estimate than that usually given by the Chinese leadership by explaining that "in the five-year plan (2011-2015), we agreed to meet a growth target of 7%. However, the two stock markets managed to close in the green end of the session. Around 7 am, the Hang Seng is 0.79% and the Shanghai Composite gained 0.56%.
In India, the government has given an estimate of growth below expectations.The country registered a GDP growth of 8.2% from October to December in the year. In the previous quarter, July to September, posted a growth rate year on year by 8.9%, better than expected by analysts. The Sensex jumped by 1.43% despite everything.
Furthermore, only a few financial centers are declining. This is the case of South Korea's Kospi, which lost 0.95% or the S & P Australian loose 0.12%.
Oil rises slightly
Crude oil prices were to share the upside Monday in electronic trading in Asia against the growing instability in the Middle East, analysts said.
In morning trading, a barrel of light sweet crude for April delivery gained $ 1.66 to 99.54 dollars. That of Brent North Sea crude for April delivery took $ 1.28 to 113.42 dollars.
