Markets Are Rallying Everywhere After Gigantic Day In Japan
May 10, 2013, 13:48 IST
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Markets are gaining everywhere after Japan had yet another huge day. The Nikkei gain 2.9%.
Meanwhile, in the last day, the USDJPY not only broke through 100, it also broke through 101, as aggressive fiscal and monetary easing is causing the yen to fall.
China gained 0.6%.
US futures are modestly higher, while European markets are gaining.
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Italy is up 1.3%. Germany is up 0.88%.
This has been a very quiet week with virtually no economic data.
But the story is gains across the board.