Asian share markets are very mixed with local shares not moving while Japanese shares surge following the late 2025 BOJ rate hike as the volatility from the Trump regime’s “special military operation” into Venezuela only really upsetting commodity markets so far. The USD is seeing a surge against the majors, particularly Euro while the Australian dollar has again failed to get back above the 67 cent level.
Oil markets remain unstable but with selling across both markers with Brent crude pushed back below the $61USD per barrel level while gold has inched back above the $4000USD per ounce level after a volatile Xmas trading period:
Mainland Chinese share markets are seeing solid upside with the Shanghai Composite up more than 1% to climb above 4000 points while the Hang Seng Index has put in a scratch session to settle at 26317 points. Japanese stock markets are doing all the heavy lifting with the Nikkei 225 surging nearly 3% higher to 51905 points with the USDPY pair now back above the 157 level:
Australian stocks went nowhere in comparison with the ASX200 dead flat at 8728 points while the Australian dollar is facing some downside pressure as USD surges a little, still below the 67 cent level:
S&P and Eurostoxx futures are wanting to move higher after the post Xmas/NY low volatility period with the S&P500 four hourly chart showing support holding at the 6800 key level as momentum remains oversold:
The economic calendar includes the December US ISM manufacturing print later tonight.