Asian share markets are largely trending higher in response to the surge on Wall Street overnight, however local markets have fallen back on a white hot unemployment print that has sent the Aussie dollar higher. The USD remains in a weak state following the Fed’s meeting last night with all eyes on Pound Sterling going into tonight’s Bank of England meeting. Bitcoin is surging back above the $58K level after its breakout last night alongside other undollars:
The Shanghai Composite is up 0.5% going into the close, currently at 3459 points while the Hang Seng Index is doing much better, currently up 1.5% to 29486 points after a series of tepid sessions. Japanese markets are also lifting strongly with the Nikkei 225 closing 0.9% higher at 30187 points while the usually supportive USDJPY pair continues to slide slower albeit still a little higher than its intrasession slump post the Fed meeting:
The ASX200 is again the worst in the region, as good unemployment news equates to bad risk appetites, falling over 0.7% to 6745 points while the Australian dollar has burst through the 78 handle to a new weekly high, the numberwang figures helping the post Fed surge turn into a lovely move higher to erase the previous month’s losses:
Eurostoxx and S&P futures are up 0.5% or so, with the four hourly chart of the S&P500 showing price wanting to edge past the previous record highs on its way up to the magical 4000 point level as momentum picks up again:
The economic calendar includes the latest BOE meeting, then several ECB speeches plus US weekly initial jobless claims.