Salient to Investors:

Matthew Sherwood at Perpetual Investments said the Fed is very nervous about continuing QE – if they say they have to wind down before labor stabilizes, one of the key supports will be taken away from the market.

The MSCI Asia Pacific Index  is at 14.9 times estimated earnings versus 13.7 for the S&P 500 and 12.5 for the Stoxx Europe 600 Index .

50 percent of the 346 MSCI Asia Pacific Index companies so far reporting have exceeded profit expectations.

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