Asian share markets are putting in very mixed sessions as the trading week continues with currency markets absorbing the slightly stronger than expected US inflation print from overnight. Wall Street is looking to open slightly higher despite the mixed mood with the USD finding some lost ground but Euro and Pound Sterling are firming heading into the London session. The Australian dollar has been unable to buck the trend however and remains barely above the 66 cent level.
Oil prices are failing to claw back recent losses as Brent crude remains above the $82USD per barrel level while gold is still taking a pause after its recent gains to hold here just below the $2160USD per ounce level:
Mainland and offshore Chinese share markets are flat with the Shanghai Composite down nearly 0.2% while the Hang Seng has not advanced at all, closing at 17092 points. Japanese stock markets are falling slightly despite the weaker Yen with the Nikkei 225 closing nearly 0.3% lower at 38697 points while the USDJPY pair is trying to breakout again after falling sharply last week, almost above the 148 level:
Australian stocks were the only one’s to advance with the ASX200 closing just 0.2% higher at 7729 points while the Australian dollar is just clinging on above the 66 cent level:
S&P and Eurostoxx futures are ready to engage to the upside again as we go into the London session with the S&P500 four hourly chart showing price action wanting to advance further above the 5200 point level:
The economic calendar is relatively quiet tonight with a few Treasury auctions and private oil data.