Asian stock markets have doubled down on their great start to the week with gains across the region, including the return of some Chinese markets. Bitcoin almost touched the magical $50K level but is still trailing high at well above the $49K level as nothing can stop this bubble:
The Shanghai Composite remained closed for the Chinese NY holiday but the Hang Seng Index returned and surged over 1.6% higher, currently at 30650 points while Japanese markets are getting way ahead of themselves with the Nikkei 225 finishing more than 2% higher to close at 30693 points for yet another record high. The USDJPY pair is behind this push with another lift through the 105 handle and almost matching the previous early February highs as momentum gets nicely overbought:
The ASX200 had another great session, lifting over 0.7% to extend its move out of its recent trading range as it pips above the 6900 point level with the Australian dollar reacting positively to the recent RBA minutes with a brief look above the 78 handle as it makes a new weekly high:
Eurostoxx and S&P futures are tracking higher going into the London session, with the four hourly chart of the S&P500 anticipating more upside when Wall Street reopens tonight with the clear breakout above the 3900 point level ready to extend into a possible 4000 point break soon:
The economic calendar ramps up tonight with the European GDP print plus the closely watched German ZEW survey.