The mixed mood on markets is moving to the positive side, outside of China, with most share markets here in Asia rebounding further than Wall Street did from overnight on the back of potentially more fiscal stimulus from the US congress. The USD is in a very slight retreat after its big run against everything, with gold lifting slightly to the $1869USD per ounce level as most gold bugs try to forget a falling week:
In mainland China, the Shanghai Composite was down after the lunch break but seems to be climbing to finish with a scratch session going into the close while in Hong Kong the Hang Seng Index is off further, now down 0.5% to 23190 points. Japanese stock markets are trying to clawback some lost confidence, with the Nikkei 225 closing 0.5% higher at 23204 despite a small drop in the USDJPY pair as it rolls over following an exhaustive swing rally this week:
The ASX200 wins the gong again for the best in the region by surging 1.5% on the hopium, closing the week out at 5964 points, while the Australian dollar remains subdued here just above the 70.60 level, still looking very weak going into tonight’s session:
Eurostoxx futures are up 0.4% or so, with S&P futures also in positive territory, up by 0.2% with the S&P500 four hourly chart still looking very shakey here, requiring a solid bounceback tonight, specially above the 3300 point psychological level:
The economic calendar finishes the week with the latest US durable goods order print, plus a private oil rig count.
Have a good weekend!