Asian share markets are mostly in a positive mood, with rising positive sentiment across the risk complex with King Dollar still lifting slightly after its recent reversal, but the Australian dollar continues to hold on to its new monthly high above the 65 cent level.
Oil prices are trying to stabilise but barely making any gains, with Brent crude still hovering below the $82USD per barrel level while gold is consolidating at just below the $2000USD per ounce level, shoring up short term support:
Mainland Chinese share markets are surging near the close with the Shanghai Composite up 0.6% to 3060 points while in Hong Kong the Hang Seng Index has also put in a strong session, currently up nearly 1% at 17896 points. Japanese stock markets are still bouncing back with the Nikkei 225 putting on almost 0.4% to 33451 points while the USDJPY pair pauses its bounceback to hold at the 149 level:
Australian stocks were unable to gain any positive momentum with the ASX200 closing some 0.6% lower at 7029 points while the Australian dollar has continued to hold above the mid 65 cent level after looking a little toppy at the recent new monthly high:
S&P and Eurostoxx futures are lifting slightly higher going into the London open as the S&P500 four hourly chart shows support continuing to firm at the 4500 point level as price action continues to move up a series of large steps following the recent rebound above the 4300 point level:
The economic calendar includes the latest German PMI manufacturing prints plus the recent ECB meeting minutes.