With Chinese markets on holiday, and Japanese markets on the technical fritz, the mood is hard to gauge across Asian share markets despite the late lift on Wall Street overnight on more stimulus hopes. The USD is weakening fast against the undollars, particularly the Aussie, but gold is really struggling to gain momentum here as it very slowly lifts to just below the $1900USD per ounce level:
Japanese stock markets are dead in the water after a technical malfunction saw all trades cancelled, the Nikkei 225 therefore closing at 23185 points as Yen buying also abated somewhat, with the USDJPY pair staying solid at the mid 105s after a mild retreat overnight:
The ASX200 played catchup with a 1% rally to cover the previous selloff, closing at 5872 points, while the Australian dollar continued its overnight success to almost breakthrough the 72 handle as it propels towards the previous weekly high and breakdown level near 73 cents:
Eurostoxx futures are up 0.3% or so while US futures are more optimistic, currently up more than 0.5% as traders price in a stimulus agreement between Pelosi and Mnuchin with the S&P500 four hourly chart looking to breakout and test the 3400 point level tonight:
The economic calendar has a couple of whoppers tonight, all US-centric with PCE price index data followed by the latest ISM manufacturing print.