Another solid session across Asian stock markets today to finish the week, as traders absorbed last nights early NFP print due to the long weekend on US markets. The USD was flat against most of the major currencies, with gold also largely unchanged from its close last night. The lack of volume tonight is likely to result in scratch sessions with Eurostoxx futures flat as a series of service PMI’s for June come up later.
In mainland China, the Shanghai Composite is higher again, up over 1.2% to 3129 points while in occupied Hong Kong the Hang Seng Index lifted around 0.7% to 25293 points, now building above the former weekly highs throughout June and May:
Japanese stocks put in slightly better sessions, despite the fear of rising cases of COVID-19 in the capital, with the Nikkei 225 lifting 0.3% to 22212 points with the USDJPY pair having a very flat session, remaining right on the mid 107 level:
The ASX200 has kept well above the 6000 point barrier, up 1% at the start of the session but eventually finished with a scratch session at 6035 points. The Australian dollar remains stuck too, just above the 69 handle where support has firmed here since the mid-week:
Have a good weekend, I’ll be back next week to fill in for David as he takes a well deserved break. Stay safe!