Share markets are lifting across most of Asia, although Chinese bourses are flagging, as Wall Street helped increase risk taking and optimism. Gold remains flat after its pullback overnight, still unable to get back to its former historic and weekly highs above the $2000USD per ounce level, with price decelerating into the $1965USD per ounce level:
In mainland China, the Shanghai Composite is putting in a scratch session to be unchanged just above 3400 points while in Hong Kong the Hang Seng Index is off a little, down 0.3% to 25101 points. Japanese stock markets are doing much better than previously, with the Nikkei 225 closing 0.5% higher as the USDJPY pair tries to push higher above the 106 handle but is meeting a lot of resistance:
The ASX200 continues to be the odd one out, but this time to the upside! Can’t let a once in a generation recession get it down, with a 1.8% surge higher to be back above the 6000 point level as the Australian dollar remains unable to crack the 74 handle finding lots of resistance overhead:
Eurostoxx futures are up 0.7% or so alongside S&P moves with the S&P500 four hourly chart indicating another breakout tonight as it extends its gains above the 3500 point level as traders take another big deep breath into the abyss:
