Asian share markets are having a mixed session across the region given the poor lead from Wall Street overnight with no news about trade deals between the US and China (or Japan, or anywhere else – too much going on in LA? ) Currency markets are pushing back against recent USD strength as most undollars bounced back over the weekend gap with the Australian dollar climbing back above the 65 cent level again.
Oil markets are consolidating into recent strength with Brent crude pushing above the $67USD per barrel level while gold has recovered very slightly from its recent contraction currently just above the $3320USD per ounce level:
Mainland Chinese share markets were trying hard to get out of their recent holding pattern but the Shanghai Composite slumped in the afternoon session after failing to get above the 3400 point level while the Hang Seng Index has lost nearly 0.4% to finish below the 24000 point level. Japanese stock markets are still trying to continue their bounce back but it was a weaker effort with the Nikkei 225 moving just 0.2% higher to 38178 points while trading in the USDPY pair has seen a small retracement to just above the mid 144 level:
Australian stocks reopened from the long weekend with the ASX200 closing some 0.8% higher playing catchup at 8587 points while the Australian dollar remains slightly above the 65 handle:
S&P and Eurostoxx futures are down slightly with the S&P500 four hourly chart showing a desire to push above the recent highs at the 6000 point level as short term momentum slips out of overbought mode:
The economic calendar is quiet again with the latest UK unemployment figures, then the US Redbook. And some popcorn to watch the protests maybe?
