Asian markets are green across the board, starting the trading week with optimism following the “skippy” US jobs report on Friday night with Japanese bourses leading the way to new decade highs. Meanwhile the Australian dollar has held just below the 66 cent level despite a resurgence in USD with Euro back below the 1.07 handle.
Oil prices are bouncing in response to the latest Saudi output cuts with Brent crude holding well above the $77USD per barrel level while gold is losing ground fast, still deflating from its Friday night burst, now treading back to its recent weekly low well below the $1950USD per ounce level:
Mainland Chinese share markets are treading water going into the close with the Shanghai Composite up 0.1% to 3229 points while the Hang Seng Index is up 0.4% to finally get back above the 19000 point level. Japanese stock markets are putting in the best sessions with the Nikkei 225 closing more than 2% higher at 32217 points as the USDJPY pair gets back above the 140 level, only just shy of previous weekly high:
