Stocks in Asia are flat again with only the ASX200 putting in a positive performance as concerns over Trump’s mishandling of the trade war with China rise again. The USD is relatively calm although Pound Sterling remains under pressure with S&P futures flat before tonights open.
The Shanghai Composite has been unable to get out of its rut, falling another 0.2% going into the close, currently at 2931 points while the Hang Seng Index is also off by about the same to 28578 points, still able to maintain itself above the previous set of highs at 28500 but going nowhere:
Japanese share markets were the worst off even as Yen moderated, with the Nikkei 225 closing 0.3% lower to 21469 points. The USDJPY pair has stalled after getting back above the 108 handle, the breakout of the bullish falling wedge pattern effectively over as momentum wanes:
The ASX200 was the odd one out and got some traction with a bounce today as the Australian dollar fellback. The bourse closed nearly 0.5% higher to 6673 points. The Australian dollar is finding a modicum of buying support here at the 70 handle against USD but not enough to stave off lower session lows:
S&P and Eurostoxx futures are basically flat with minor drops on the open expected with the S&P500 four hourly chart still showing a lot of hesitation here around the key psychological 3000 point barrier:
The economic calendar continues with the UK and Canadian latest CPI prints tonight.