Asian stocks are generally positive as traders position for tonight’s US CPI print. The USD is pulling back slightly against the majors although the Australian dollar is still stuck at the mid 65 cent level, while Euro is trying to get back above the 1.10 handle.
Oil prices remain elevated and pushing higher with Brent crude just above the $87USD per barrel level while gold has been unable to ger out of its current predicament falling again down to the $1915USD per ounce level with its downtrend still entrenched:
Mainland Chinese share markets have had an oscillating session, gapping higher then slumping before recovering at the close with the Shanghai Composite at 3251 points while in Hong Kong the Hang Seng Index has only slipped a little, down 0.2% to 19216 points.
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