Markets in Asia are firmer this morning on anticipation of further global easing, with the Fed, ECB and BOE all due to meet next week. South Korea released GDP data which showed year on year growth of 2.4% versus expectations of 2.5%. In corporate news Olympus surged 9.6% after Terumo proposed to invest 50bn Yen into the company, whilst Canon was sharply lower after lowering their FY net income targets. In Australia, Qantas rose over 9% after the Australian Financial Review said the company was close to forming a long haul alliance with Emirates.
Posted by Philip Ball | Sales and Trading