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Asian equity markets edge higher after Chinese trade balance miss

FXstreet.com (Barcelona) - Stock indices in Asia experienced a sudden jolt, following the uneven economic data out of China, perhaps none other than the Trade Balance statistics in March (-0.884B vs. 15.400B) projected. In addition, commodities experienced a modest rise ahead of the FOMC minutes later today, with precious metals building on yesterday’s recovery.

Beginning with the indices and composites, the Shanghai Index grew +0.02% as it settles in region of 2226.13, up +0.35 points in these moments. In addition, the Hang Seng Index is trading in positive territory, operating at 21945.91, advancing +75.57 points or +0.78% at the time of writing. Finally, the Nikkei 225 is trading near opening levels, operating in the zone of 13288.13, jumping +0.73% after a movement of +95.78 points.

In terms of commodities, the price of gold and silver are trading at USD $1586.23 and $27.98 per oz. respectively. In addition, the price of crude is negotiating a price of USD $94.02/bbl.

Forex: USD/JPY jumps to 99.23/27

After falling below the 99.00 level briefly during the overnight session (98.91 daily low), the USD/JPY is back on track and trading positively. Ahead of the FOMC minutes later today, the cross is operating in positive territory at 99.23/27, having advanced +0.23% above its opening thus far.
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Emmanuel Ng of OCBC Bank notes that the dollar backtracked against the majors on Tuesday with NZD, AUD and EUR leading the way higher.
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