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Obama's speech, Asian markets are ups and downs

Bangkok (AP) -- Asian stock markets on Thursday is still waiting for model for investors to evaluate the President Obama's opinion, to achieve budget agreement, in order to prevent the possible economic recession is "no hard", and even can be done very quickly.
Obama's remarks follow day clinch a deal between the White House and congress of the dispute of negotiations, in order to avoid the so-called "fiscal cliff" in the next year to be automatic cut costs and increase revenue. If there is no deal, the United States may fall back into recession and drag the world more.
Wall Street stock market closed up on Wednesday, Obama cited told business leaders in Washington said, despite the deep divide the key problems of the political leaders "may be able to solve the problem in a week or so, it is not so difficult.
Obama urged republicans agree to improve the rate is the richest americans part, contain a deal in the future, the deficit. Republican leaders say they will agree to higher income, but they want to plug up loopholes, reduce the tax relief, not to raise interest rates.
Chris weston in Melbourne IG Markets market commentary said, "a distant signs, both sides should at least short-term agreement. Of course, on the market to see it, no doubt benefit."
Japan's nikkei 225 index rose 0.8% to 9541 points, respectively, part of the weaker yen boost. South Korea's Kospi index rose 0.3% to 1952.66 points. Hong Kong's hang seng index fell 0.1%, to 22245 points. In Indonesia, New Zealand and the Philippines reference to rise, the Singapore, Australia and mainland China fell.
January delivery benchmark crude oil on the New York mercantile exchange electronic dish in trading down 15 cents to $87.73 a barrel. This contract fell 62 cents at $87.88 a barrel on the New York mercantile exchange on Wednesday.
In currency markets, the euro fell to $1.3056 from $1.3079 in New York on Wednesday night. Up to $82.5282.35 yen.




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