A more solid session across Asian stocks today, as traders await for tonight’s early NFP print due to the long weekend on US markets. The USD was relatively weak with Aussie and Kiwi lifting, and Euro also ready to get out of its funk as the usual undollar volatility awaits.
In mainland China, the Shanghai Composite is surging higher again, now up over 2% to 3090 points while in occupied Hong Kong the Hang Seng Index has returned with a similar move higher, up over 2.2% to 24968 points, almost returning to the former weekly highs throughout June and May:
Japanese stocks were the relative losers in the region, the Nikkei 225 lifting only 0.1% to 22145 points with the USDJPY pair also having a mild session, lifting off the floor after its reversion previously down to the low 107 and now at the mid 107 level:
The ASX200 has sureged well above the 6000 point barrier, lifting over 1.6% to finish at 6033 points in a broad move higher. The Australian dollar edged back above the 69 handle again in a mild uptick, continuing its mid week rally going into tonight’s NFP print:
Eurostoxx futures are flat while S&P futures are slowly building higher with the four hourly chart showing how price has pushed through overhead resistance and ready to get back to the 3150 point level that has been weekly resistance:
