Asian share markets are pulling back despite very solid manufacturing PMI prints in China and the end of fiscal year window dressing in Japan. Bitcoin is again relatively strong but remains unchanged and elevated above the $58K level as it tries to get back above its recent record high above $60K:
The Shanghai Composite started poorly with an immediate near 1% selloff before recovering nearly half that going into the close, down 0.5% to 3437 points while the Hang Seng Index is pulling back as well, down 0.3% to 28502 points. Japanese markets are in hesitation mode again with the Nikkei 225 unable to find any confidence, closing 0.6% lower at 29250 points while the USDJPY pair shoots for the sky, almost heading through the 111 level:
The ASX200 was the best market finally and stood out by putting substantial gains, closing 0.8% higher at 6790 points, helped by the weak Australian dollar remaining below the 76 handle after its sharp pullback overnight:
Eurostoxx and S&P futures are mixed with the latter steady as the four hourly chart of the S&P500 shows price really wanting to get back the previous session losses and head through the 4000 point magical barrier which has remained elusive since the start of the week:
The economic calendar is European centric with UK GDP and German unemployment releases tonight.