Asian markets cheer Obama re-election

FXstreet.com (Barcelona) - With the exception of Japan's Nikkei Stock Average, down by -0.03%, Asian bourses added value on Wednesday on the US election frenzy that ultimately picked Obama for re-election. Hong Kong's Hang Seng (+0.28%), South Korea's Kospi (+0.48%), Singapore's Straits Times (+0.53%) and Mainland China's Shanghai Composite (+0.03%) closed higher. News that Barack Obama was to win the election triggered Gold and bonds rallies for keeping QE hopes alive. Gold is trading $30 higher from this week's opening price, at $1727, and WTI crude oil is falling to $88.55.

Futures for the German DAX 30 and the French CAC 40 are signaling a higher opening by +0.60% and +0.80%, respectively, ahead of the European session and EMU retail sales, German industrial production, and the very much expected Greek vote on austerity.