by Chris Becker
Asian share markets have had a quasi successful end to the week, but the hesitation in following the razor thin breadth on Wall Street is obvious. Gold remains relatively steady just below the $1950USD per ounce level, as it fails to claw back any of its mid week losses while silver is holding on a little better just above the $27 level:
In mainland China, the Shanghai Composite rebounded from its recent falls, currently up 0.3% to 3373 points while in Hong Kong the Hang Seng Index has gained even more, finishing more than 1% higher at 25081 points. Japanese stock markets basically had scratch sessions however, with the Nikkei 225 closing 0.1% higher at 22920 points, with the USDJPY pair still falling down from its very brief peak above the 106 handle mid-week in a straightforward decline:
The ASX200 had little to no confidence to finish the week down 0.1% at 6111 points while the Australian dollar had a mild blip higher to almost break the 72 handle but this was thwarted smartly and is likely to slip below its session lows again:
Eurostoxx futures are mixed as traders await a flurry of PMI prints while S&P futures are dead flat, with the S&P500 four hourly chart trying to reflate back to the previous record highs above the 3390 point level as momentum inverts:
Have a good weekend and stay safe!