A good start to the week here in Asia with most stock markets rising in unison in response to the positive swing on the disastrous US unemployment print on Friday night. The USD is gaining strength later in the session, particularly against Yen while gold holds on above the $1700USD per ounce level.
In mainland China, the Shanghai Composite is the odd one out, down nearly 0.3% to 2889 points, while the Hang Seng Index is up nearly 1.5% to 24586 points, continuing to bounce off the recent daily lows at 23400 points and setting up for another breakout:
Japanese share markets have had a solid start to the week with the Nikkei 225 lifting 1% higher to 20390 points, almost breaking its bear market rally high. Meanwhile currency traders have this time been caught in a USD strong move as the USDJPY pair zooms up to the 107 handle:
The ASX200 had a solid session although started off slow to finish 1.3% higher to 5461 points, while the Aussie dollar has almost matched its April high at the mid 65’s against USD:
Eurostoxx and S&P futures are up more than 0.6% going into the London open with the latter market ready again to tackle the previous highs near the 2960 point level, as momentum remains well overbought from Friday’s session:
