Asian stock markets are mixed yet again as local stocks went flat on the stronger than expected employment numbers while Yuan soared higher on PBOC macroprudential moves, sending mainland stocks lower. The USD lagged a little against against most of the majors after last night’s Eurozone and Brexitland inflation print sent Euro lower while the Australian dollar pushed back above the 68 cent level on the strong unemployment print.
Oil prices are not moving any higher with resistance starting to build with Brent crude just above the $79USD per barrel level while gold is in still inflating, pushing above the $1980USD per ounce level:
Mainland Chinese share markets are still in deflation mode with the Shanghai Composite about to finish some 0.6% lower at 3171 points while in Hong Kong the Hang Seng Index is trying to rebound after its recent selling, up 0.3% to 19016 points.
The full text of this article is available to MacroBusiness subscribers