It’s green across Asian share markets as local stocks also joined in the fun despite a much higher Australian dollar as the USD remains under enormous pressure against all major undollars as El Trumpo shoots off about South Korea. Inflation concerns in Japan and their bond market troubles are keeping Yen volatile while the looming war in Iran is keeping oil prices steady.
Brent crude is easing to just above the $64USD per barrel level while gold is on fire as it bursts through the $5000USD per ounce level in a swift uptrend:
Mainland Chinese share markets are up in the afternoon session with the Shanghai Composite pushing 0.5% higher to remain well above the 4100 point level while the Hang Seng Index is up more than 1% to crack the 27000 point level. Japanese stock markets are bouncing back with the Nikkei 225 up 0.7% to stay above the 53000 point level while Yen is losing some ground against USD although its all relative with the big drop in the USDPY pair keeping it down nearer the 154 level:
Australian stocks are doing well with the ASX200 up nearly 1% to 8941 points while the Australian dollar is holding just above the 69 handle:
S&P futures are lifting slightly higher with the S&P500 four hourly chart showing a continued bounce off support at the 6800 point level but with a return to the recent highs:
The economic calendar is relatively quiet but we do get some US durable goods order data plus house price/consumer confidence prints.