Another sea of green across Asian share markets as the trading week comes to a close but all eyes will be on tonight’s US jobs report that will set the tone for the rest of the trading month.
Oil prices have stabilised a little following their recent downward trend, with Brent crude consolidating above the $86USD per barrel level while gold is also steady, currently just above the $1985USD per ounce level:
Mainland Chinese share markets are holding on to their initial gains with the Shanghai Composite up more than 0.7% at 3031 points while in Hong Kong the Hang Seng Index has surged more than 2% higher at 17586 points. Japanese stock markets were closed for another market holiday with trading in the USDJPY pair muted as it holds on just above the 150 level:
Australian stocks have again been one of the best performers with the ASX200 up 1% at 6972 points, just shy of former support at 7000 points while the Australian dollar has oscillated around its overnight high, still a little above the 64 cent level:
S&P and Eurostoxx futures are lifting again going into the London open as the S&P500 four hourly chart shows support getting upgraded from the 4200 to 4300 point level as short term momentum remains well overbought:
The economic calendar finishes the trading week with the big one – US unemployment or non-farm payrolls.