A mixed message here in Asia with some advances, some losses and a lot of scratching around doing nothing with stock markets unable to translate the very positive start on Monday into something more substantial. The USD is basically unchanged too with a little bit of resistance from undollars like gold which is still struggling to get off the floor, currently trading at a three day high at the $1879USD per ounce level:
In mainland China, the Shanghai Composite is up 0.5% to 3235 points while in Hong Kong the Hang Seng Index is down the same, taking back half of the previous gain to close 0.5% lower at 23348 points. Japanese stock markets are equally mixed, although the Nikkei 225 was able to close 0.2% higher at 23564 points despite a minor breakout in the USDJPY pair as pushes through the 105.60 level after going nowhere since the start of the week:
The ASX200 had an odd session, up nearly 0.5% and almost through the 6000 point at the open, before selling off throughout the day to close with a scratch session at 5952 points, while the Australian dollar remains subdued here at the 70.80 level, with a minor bounce off a very oversold bottom seemingly stalling out before it started:
Eurostoxx futures are up only 0.1% or so, reflective of the mixed mood here in Asia, while US futures are more positive, with both NASDAQ and S&P futures up 0.3% although the S&P500 four hourly chart is indicating a possible rollover here on buying exhaustion going into the presidential debates tomorrow:
The economic calendar has the latest German inflation figures and a few Fed speeches to look out for before the latest consumer confidence figures in the US.
BTW my bet is Trump will cancel at last minute for the debates tomorrow (11am AEST), although I think it might be more a case of pigeon chess on his part.