Another solid day on stock markets here in Asia despite some disappointing results, particularly Samsung as we begin another round of earnings season. The Yen appreciated on the back of some BOJ manuevering around its bond buying program with Aussie 10 year bonds still selling off, with yields up at 2.67%
In mainland China the Shanghai Composite has lifted only slightly after finally crossing above 3400 points recently, up 0.1% to at3413 points. After a slight pullback yesterday, the Hang Seng Index is up 0.25% to 30977 points. This puts it in a better sustainable trajectory following the recent breakout with strong support at the 30000 point level:
S&P futures are off slightly as price bunches around the next level of resistance at the 2750 level:
Japanese stocks reopened after a long weekend and were the strongest in the region with the Nikkei lifting 0.6% to be at 23850 points. The USDJPY pair fell on the pullback in the BOJ bond buying, heading straight through the 113 handle and four hourly support at the 112.70 level:
The ASX200 is again up only slightly to close 0.1% higher at 6135 points, unable to make any real traction while other markets make new highs..
The Aussie dollar has lifted off its tight trading range from overnight, hitting the mid 78’s against USD as it tries to get back to last week’s session highs:
The economic calendar remains relatively quiet with German industrial production and the EZ wide unemployment rate final figures the only releases of note to watch tonight.