Asian share markets are in mixed mood after the poor showing on Wall Street overnight although some risk taking is occuring across other markets with Yen weakening while the Kiwi lifted despite a poor unemployment print. The Australian dollar is still lifting above the 70 cent level on the long expected RBA rate yesterday.
Brent crude has gone nowhere after reversing course as we await if bombs will drop on Iran or not and remains at the $66USD per barrel level while gold has bounced back slightly after falling nearly $1000USD per ounce as it tries to steady here at the $4800 level, with silver also back to the $84USD per ounce level:
Mainland Chinese share markets are up slightly in the afternoon session with the Shanghai Composite moving 0.4% higher to stay above the 4000 point level while the Hang Seng Index is just treading water at the mid 26000 point level. Japanese stock markets are pulling back after a strong session previously with the Nikkei 225 down 0.8% to remain above the 54000 point level while Yen is losing ground again as the USDPY pair moves above the 156 level:
Australian stocks still managed a solid lift higher with the ASX200 closing up 0.8% to 8927 points while the Australian dollar continues to lift post the RBA rate hike above the 70 cent level as we now pivot towards the end of week NFP print from the US:
S&P futures are trying to lift higher after last night’s pullback with the S&P500 four hourly chart showing a fill after bouncing off support at the 6900 point level but can it return to the recent highs:
The economic calendar includes some flash inflation figures from Europe then the US ISM services PMI.