Asian-Pacific stock indices are trading in the green zone. The indices are rallying mainly thanks to the fact that the background is relatively calm (no negative news).
The current market situation looks as follows:
· MSCI Asia Pacific: + 0,6% up to 134,66.
· Nikkei 225: + 1%.
· Shanghai Composite: + 1,1%.
· S&P/ASX 200: +1,3%.
At the same time, the RBA is reported to have left the key interest rate unchanged at 3%. Other major central banks, including the ECB, the Bank of England and the Bank of Japan are expected to make decision this week as well.
China confirms its GDP growth plan at 7.5% in 2013.
The chart below, courtesy of , reflects the current state of affairs in the market of S&P/ASX 200:
