by Chris Becker
Asian share markets have seen a modest start to the trading week with mild up sessions almost in line with Wall Street’s lead from Friday night. Gold remains relatively steady but weak just above the $1930USD per ounce level, as it sits just on terminal support from last weeks retracement:
In mainland China, the Shanghai Composite is gliding along without much effort, currently up 0.2% to 3388 points while in Hong Kong the Hang Seng Index has taking its Fridays bounceback even higher, up more than 1% to 25485 points. Japanese stock markets put in more modest sessions however, with the Nikkei 225 closing 0.2% higher at 22985 points, with the USDJPY pair basically unchanged from its Friday night oscillations around a point of control at just below the 106 handle:
The ASX200 has done a little better, up 0.3% to 6129 points but still listless as earning season rolls on while the Australian dollar had a mild blip higher on the weekend gap open, but still unable to break above the 72 handle:
Eurostoxx futures are mixed while S&P futures are up significantly as nothing can stop the Wall Street juggernaut, lifting on any whiff of good news, with the S&P500 four hourly chart showing a new advance likely tonight above the 3400 point level as records tumble:
