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There is an eerie feeling for the first evening of buying and selling after the G20 summit. The Nikkei markets are up, but the yen is rapidly losing steam, and is close to dropping beneath 81 on the yen/usd index.
The modest actions Friday could merely be that investors are "a small bit exhausted," stated Paul Zemsky, head of asset allocation at ING Expense Management. "The fundamentals would indicate we ought to be higher." Shares have been on a steady climb for almost two months. A pause, especially following strong earnings the past few times, "is absolutely natural and maybe even anticipated," Zemsky stated.
There is an eerie feeling for the first evening of buying and selling following the G20 summit. The Nikkei markets are up, but the yen is rapidly losing steam, and is close to dropping below 81 on the yen/usd index.
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