Asian markets are green across the board, finishing the trading week with hope an optimism before tonight’s US jobs report. Chinese stocks are leading the way but Japanese bourses are also pushing higher despite Yen appreciating in the short term against USD. Meanwhile the Australian dollar has breached the 66 cent level on those same levels of optimism that the Fed will “skip” its next interest rate rise.
Oil prices are trying to recover recent losses with Brent crude just below the $75USD per barrel level while gold has held on to its small rebound rally, currently holding just above the $1980 level as the $2000USD per ounce level remains out of reach:
Mainland Chinese share markets are holding on to modest gains going into the close with the Shanghai Composite up 0.8% to 3229 points while the Hang Seng Index is up a stonking 3% to 18849 points. Japanese stock markets are also putting in strong final sessions with the Nikkei 225 about to close 1% higher at 31485 points as the USDJPY pair remains below the 139 level, still well below previous short term support:
