Asian share markets are mixed following last night’s equally mixed session, with Japanese bourses bouncing the highest on the back of a slightly weaker Yen. The Australian dollar is rising the fastest amongst the undollars while gold has retreated slightly after getting ahead of itself last night.
The Shanghai Composite is down 0.9% again going into the close to remain solidly below 3100 points, currently at 3019 while the Hong Kong Hang Seng Index is cruising for a scratch session, up only 0.1% to 28552 points. It’s getting close to cracking the last headfake at ca. 28000 points:
US and Eurostoxx futures are rising going into tonight’s session with the four hourly chart of the S&P 500 bouncing off of support at the 2800 points key level with a probably swing upsession tonight:
Japanese stock markets are bouncing back strongly, with the Nikkei 225 closing more than 2.3% higher at 21423 points, bouncing off key support at the 20600 level. The USDJPY pair is barely gaining traction here after a small bounce overnight, gravitating around the 110 handle and not making any upside moves but still respecting the Friday night lows:
The ASX200 is only up a few points, currently at 6130 points to remain well below staunch resistance at 6200 points with the financial sector dragging the index down. The Australian dollar is on a minor tear, pushing right through the 71 handle after a very solid bounce overnight and not yet overbought, ready to push up to last week’s high at 71.60:
The economic calendar continues tonight with US house prices and the latest consumer confidence print.