The main takeaway in Asia is more stimulus planned by China, including another weakening of Yuan, now trading well above the 7.02 level in offshore trading with most stocks putting in positive sessions:
The Shanghai Composite looks set to close about 1.5% higher, soaring past the 3000 point barrier as it continues its turnaround, while the Hang Seng Index is down 0.5% to 27517 points as it struggles to hold on to short term support:
Japanese share markets are still lifting higher but not as much as expected with the Nikkei 225 only up 0.3% to 23479 points, as it continues to claw back its recent losses. The USDJPY pair is steadying just above the 111.30 level after bursting higher overnight, where its likely to consolidate here as momentum is way overcooked:
The ASX200 closed 0.25% higher at 7162 points, really gaining traction above the 7100 barrier. The Australian dollar dropped on the unemployment print with a lift in the headline rate pushing it down to an eleven year low at the mid 66s USD:
Eurostoxx and S&P futures are steady despite the overall good mood here in Asia, with the four hourly chart of the S&P500 showing price ready to advance again and try to beat the 3400 point barrier:
The economic calendar includes the ECB minutes then the latest DOE oil inventory report.