Asian markets are rebounding on Tues (their time) after mixed markets in Europe. Leading markets higher are Taiwan, Shanghai, Hong Kong & Tokyo, but their gains are less than 1% each. However oil is also strong, at 133, on news that rebels in Nigeria claim to have blown a portion of a Royal Dutch Shell pipeline.
Indonesia raised the price of oil in it's local market, even though it's below market rates, causing local problems. They can afford a "cheap oil price" being an oil exporter. Asian airlines are asking for fuel surcharges to help them cope with higher oil prices. Oil at 133 is bleeding into many economies in ways we are just learning about. Not good for the markets!
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