Prudence on Asian stock markets on Tuesday. Following a meeting in the green, the financial centers of the region are more conservative. The closing slightly higher on Wall Street yesterday explqiue partly this lack of insurance investors. The U.S. stock market appears wait while the quarterly beginning, Alcoa has presented his findings yesterday, and several macroeconomic indicators to be released later in the week.
Japan: tax reform maintained
On Tuesday in Japan, the Nikkei lost 0.21% at 9528 points, while the Topix sliding 0.48% to 853 points. Markets had yet opened up 0.47%. During the meeting, the Japanese Minister of Finance Yoshihiko Noda, stepped in to reassure markets: according to him, the defeat of the ruling party in the Senate will not block the tax reform announced by the government scale."We will start by asking the cooperation of other parties for a breadth of tax reform, including the consumption tax," said the minister. This taboo is gone in the cause of the failure of the Democratic Party of Japan in elections last Sunday. This indirect tax, now set at 5%, could be doubled.
Tax reform could also include a decline in corporate tax and a tax increase on incomes of the richest. This tax reform should allow, as the government reduce the public deficit and debt include Japan, equivalent to almost 200% of its GDP. The rating agencies have repeatedly warned that the long-term rating of the debt of Japan would be threatened with demotion if the country's finances were not sanitized.
The rest of the region doubt
Elsewhere in Asia, the red domni too.In China, the Hong Kong Stock Exchange coward 0.06% to 20,454 points while the Shanghai drops 1.83% firmer at 2,445 points. In Australia, the S & P lost 0.55%, and India, the Sensex fell by 0.20%.
Only the Korean Stock Exchange advance, gaining 0.66% to 1302 points.
The oil drops again
Crude prices were moving down Tuesday in electronic trading in Asia in a cautious market. In morning trading, a barrel of light sweet crude for August delivery lost 27 cents to 74.68 dollars a barrel, while Brent North Sea, with identical maturity, yielded eight cents to 74.29 dollars .
Many economic indicators are expected this week to the United States, the leading consumer of black gold, with figures of retail sales, a barometer of consumption in the country.