Epic Research

Wednesday, May 22, 2013

Epic Asian Markets Update

Epic Asian Markets UpdateAsian stocks rose on Wednesday following a positive lead from Wall Street with Japan’s Nikkei reaching a 5-1/2 year high, while the yen took a defensive stance ahead of the outcome of the Bank of Japan’s (BOJ) policy meeting.

The euro rose 0.3 percent to 132.56, adding to Tuesday’s 0.4 percent gain.

Commodity markets were subdued ahead of the key central bank events. Copper traded at USD 7,373.00 a tonne, while Brent crude was a touch softer at USD 103.54 a barrel.

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