Asian stocks traded in positive territory this Thursday, after growth in European and U.S. markets due to growing investor optimism with the adoption of austerityg program in the parliament of Greece. But there are many fronts and Greece has a long way to receive 12bn€ and much more for CE/FMI to approve the 2ª package of assistance (120bn€ , which is actually much less).
At least in the short term the euro will be calm and managed to advance. Before that vote, the EUR / USD was trading at $ 1.43, but after the Greek parliament approved the pair reached $ 1.45.
In any long-term issue of European public debt continue to affect the euro, while industrial and manufacturing data in the region continue to show deterioration.
The price of oil also showed strong growth in two days after the output of oil reserves in the U.S., which showed a sharp drop in crude oil reserves of 4.38 million barrels, instead of the expected decline 1.5 million.
Contracts for crude oil rose yesterday in August to its maximum of two weeks - 95.84 dollars per barrel. Investors are now carefully monitoring the output of the U.S. labor market