Asian stocks are again higher this morning, rising to a  three month high after Germany backed a ECB bond buying plan. Elsewhere in the region Australia kept interest rates unchanged, and the AUD traded at 4 month highs as a consequence. Toshiba traded 3% higher after a positive broker note out in the name, whilst Standard Chartered traded almost 8% lower in Hong Kong, after news out yesterday that New York regulators may suspend the company’s business activities in the state following trade with Iranian companies over the past several years.

 

Posted by Philip Ball | Sales and Trading