
Most Asian share markets are mixed despite a solid lead from Wall Street overnight, with local stocks taking back their recent losses despite the constant bullying from the Trump regime’s tariffs on pharmaceuticals. There’s more tariff announcements and letter printing on the way, but of course we still await the TACO trade.
Oil markets are stabilising following the bigger than expected OPEC+ production increases and surprise private US oil data with Brent crude trading just above the $70USD per barrel level while gold is trying to make a comeback after retreating just below the $3300USD per ounce level:

Mainland Chinese share markets are up with the Shanghai Composite pushing above the 3500 point level while the Hang Seng is taking a breather after some recent losses to remain below the 24000 point level. Meanwhile Japanese stock markets are somewhat negative as the Nikkei 225 retreatss below the 40000 point barrier with the USDPY pair finding strength after being pushed below the 147 level overnight:

Australian stocks are the best ones in the region with the ASX200 lifting more than 0.6% higher while the Australian dollar has held on above the 65 cent level against USD following the recent surprise hold decision by the RBA:

S&P and Eurostoxx futures are down slightly going into the London session with the S&P500 daily chart showing the market clearly overextended but holding after breaching the 6300 point level:

The economic calendar includes the latest US initial jobless claims plus a big lot of Treasury auctions. Let’s see if any other vassals in the US Trading Empire dare try to sell their bonds!