With all risk markets back on deck, it was a co-ordinated buy-in with Japanese markets pushing the hardest despite a stronger Yen. Gold continued its epic run, now up to an eight year high above the $1700USD per ounce level.
The Shanghai Composite is surging at the close, currently up 1.2% to 2816 points while the Hang Seng Index is up 0.8% to 24495 points, building above its high moving average on the daily chart, as this breakout moves from its initial first steps to something more interesting:
Japanese share markets are the standout again with Nikkei 225 eventually closing some 3% higher at 19638 points, now up over 13% for the month while the USDJPY pair continues to slowly deflate back to its previous weekly low, still just below the 108 level:
The ASX200 finished 100 points higher at 5488 despite the Aussie dollar making good on its one week rally, now heading above the 64 handle and clearing out all the short positions as momentum gets significantly overbought:
Eurostoxx and S&P futures are up over 1.5% with the four hourly chart of S&P futures showing a probable return to last week’s high above the 2800 point level as traders get ahead of the Trump nonsense about re-opening up the economy:
The economic calendar is relatively quiet tonight although US earnings season begins.