Another down day for Asian stock markets as local markets finally catch-up to the runoff in risk around the region, as USD strengthens a little across the majors, including gold which slipped further. Brent crude is rallying, but other commodities remain on the ropes.
The Shanghai Composite is the only market to put on any gains, although it could be ephemeral, currently up only 0.3% to 2742 points while the Hang Seng Index is down to 23065 points, still unable to keep above above its high moving average on the daily chart, looking ready to rollover:
Japanese share markets had modest falls with the Nikkei 225 losing 0.5% to close at 17981 points, obviously still well under the 19000 point level as the USDJPY pair bounced a little in later trade, but remains depressed here at the 107.30 support level:
The ASX200 sharply fell at the open to be down nearly 3% but has recovered mildly throughout the session to only close a little under 1.9% lower at 5154 points. Meanwhile the Aussie dollar is still hurriedly going nowhere, stuck below the 61 handle as it looks set to complete a rounding top pattern:
Eurostoxx and S&P futures are relatively steady going into tonight’s session with the four hourly chart of S&P futures indicating possible support building above the 2420 point region:
The economic calendar will focus squarely on another record printing initial jobless claims in the US, although all eyes will again be on the worldwide coronavirus stats, with the sub-strain Trump version likely to record more than 1000 Americans dying each day, and accelerating.