Macro Afternoon

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Red across the board again for Asian stock markets except local shares as the latest RBA Minutes were released showing less desire to raise rates as the board wants unemployment to tick higher. The USD was lifting against most of the majors but is falling back as London opens while the Australian dollar slumped below the 69 cent level on the minutes.

Oil prices are starting off flat with Brent crude holding just below the $76USD per barrel level while gold is struggling here after drifting down all day yesterday, currently right on the $1950USD per ounce level:

Mainland Chinese share markets have bene down all session gain and remain off going into the close with the Shanghai Composite losing 0.5% to revert back to the 3200 point level while the Hang Seng Index sunk more than 1% lower to remain well below the 20000 point level at 19577 points.

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