The USD lifted against everything in the risk complex overnight as the latest US initial jobless claims print came in under expectations. Only the Australian dollar held its ground – somewhat – after a stronger than expected domestic employment print yesterday, but Wall Street faltered despite the headline Dow lifting.
US bond markets saw a lift across the yield curve with the 10 year up more than 10 pips to the mid 3.8^ level while oil prices tried to rally again on European macro concerns with Brent crude advancing beyond the $79USD per barrel level. Gold tried to hold on but fell back below the $1970USD per ounce level.
Looking at share markets in Asia from yesterday’s session with mainland Chinese share markets were still in deflation mode with the Shanghai Composite finishing some 0.9% lower at 3169 points while in Hong Kong the Hang Seng Index was trying to rebound after its recent selling, but only managed to lift 0.1% to stay under 19000 points.
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