Asian share markets are putting in very mixed sessions as the trading week continues with currency markets also reducing in volatility before tonight’s US inflation print. Wall Street is looking to open slightly higher despite the mixed start overnight while the USD is finding lost ground. The Australian dollar is feeling this rebound as well and is just above the 66 cent level this afternoon.
Oil prices are failing to claw back recent losses as Brent crude remains above the $82USD per barrel level while gold is finally taking a pause after its recent gains to hold here just below the $2180USD per ounce level:
Mainland and offshore Chinese share markets are going in different directions again with the Shanghai Composite down nearly 0.5% while the Hang Seng has advanced nearly 3% higher to 17087 points. Japanese stock markets are flat again however despite the weaker Yen with the Nikkei 225 closing nearly 0.1% lower at 38797 points while the USDJPY pair is trying to breakout after falling sharply last week, getting above the 147 level:
Australian stocks were flat in today’s session with the ASX200 closing just 0.1% higher at 7712 points while the Australian dollar has also sat the day out barely above the 66 cent level:
S&P and Eurostoxx futures are steady and possibly ready to engage to the upside as we go into the London session with the S&P500 four hourly chart showing price action wanting to advance past the 5200 point level:
The economic calendar ramps up tonight with UK unemployment and the latest US inflation readings.