Asian share markets remain in a bullish mood with the BOJ holding fire at its latest meeting while the RBA released its latest minutes without much of a change to the Aussie dollar.
Oil prices are holding on to their overnight gains as Brent crude sits above the $78USD per barrel level while gold is also in a pause phase, remaining just above the $2024USD per ounce level:
Mainland Chinese share markets are again barely ticking over with the Shanghai Composite still below the 3000 point barrier at 2925 points while in Hong Kong the Hang Seng Index has retreated slightly, down 0.8% currently at 16765 points. Japanese stock markets are again breaking higher as Yen drops with the Nikkei 225 finishing 1.1% higher to 33136 points while the USDJPY pair is trying to break out of its funk to lift above the 143 level:
Australian stocks were almost the biggest climbers in the region with the ASX200 lifting nearly 0.8% higher to close at 7489 points while the Australian dollar remains above the 67 cent level but didn’t exceed the recent post FOMC meeting high:
S&P and Eurostoxx futures are slowly rising going into the London open as the S&P500 four hourly chart shows a continuation pattern after breaking out of its recent trendline following the reaction to the dovish Fed meeting. The 4600 point level is likely to become the new support level with the 4800 level likely the next target to go:
The economic calendar has European core inflation and US building permits tonight.