Another solid day on stock markets with rally on Wall Street translated into gains across the region, although Chinese shares are stumbling going into the close. The USD is firming against Yen and the Aussie, but Bitcoin is breaking out to new weekly highs above $11000. Gold has fallen back to its previous weekly high just above the $1915USD per ounce level:
The Shanghai Composite has been unable to translate its prior gains into a new rally, currently treading water at 3355 points while in Hong Kong the Hang Seng Index is having a holiday. Japanese stock markets are putting in minor gains, with the Nikkei 225 closing 0.2% higher at 23597 points. The USDJPY pair has stalled in its selloff due to USD strength, finding a bottom here above previous weekly lows at the 105.30 level:
The ASX200 had another great session, gaining a further 1% to close at 6195 points, extending its gains and looking to retest the previous June highs. The Australian dollar is following gold and fallen below the 72 handle in late trading after looking overextended last night:
Eurostoxx and S%P futures are flat going into the European open with the S&P500 four hourly chart is looking overextended above the 3500 point level, but still wants to return to the previous highs nearer 3600 points:
The economic calendar inlcudes the latest UK jobs report, the closely watched German ZEW sentiment survey and then in the US its the September inflation print