by Chris Becker
Outside the ASX200, share markets are rising across Asia with S&P futures looking to put on even more record highs tonight as the USD weakens against everything. Gold jumped higher on the weekend gap open but is moderating going into what will be a thin London session, currently at a new weekly high at the $1963USD per ounce level but still looks weak here:
In mainland China, the Shanghai Composite is putting in a minor move higher, up 0.2% to 3411 points while in Hong Kong the Hang Seng Index is trying to catch back the previous session losses, up nearly 0.5% to 25542 points. Japanese stock markets are also moving higher, the Nikkei 225 up 1.1% at 23139 points taking back half of Friday’s losses, as the USDJPY pair comes back after being heavily oversold post the Abe resignation on Friday:
The ASX200 is the odd one out, closing 0.2% lower at 6060 points while the Australian dollar looks like its peaked after its big surge on Friday night, but is still well above the 73 handle in what looks like a short term top:
Eurostoxx futures are up 0.7% with the S&P500 four hourly chart indicating to buy buy buy as always – because nothing can go wrong here hey?
