OctaFX | OctaFX Forex Broker
Open trading account

Asian share markets mixed; Nikkei & Kospi leading the rise

FXstreet.com (Barcelona) - Following much better than expected Australian jobs report and China CPI pretty much in line with expectations although 0.01% higher at 2.4%, local share markets show mostly green lights, lead by a strong Nikkei index, that is finding some trouble against the 13400 points ask line.

The Nikkei index is around +0.78% higher for the day, struggling to climb above yesterday's fresh 2013 highs and highest since early June 2008, following US equities that closed again in NY printing another all time record high, up +0.41% for the SP500 in the day.

Korean Kospi is making even better than Nikkei today rising +1.10%, while Hang-Seng is around flat, last at -0.17%, Australian ASX +0.13%, and Shanghai showing some weakness on CPI figures down -0.29%, as monetary stimulus will be harder to come by with those levels of inflation, even though PPI came in way lower than expected at -1.9%.

Forex: Aussie rockets higher after AUD jobs data crushes estimates

The Aussie is trading higher during the Asia session, up 66 pips at 1.0235. The pair was initially trading around 1.0190 before the release of the Aussie Employment Data at 1:30GMT which came in much better than expected at 50,100 actual vs. 12,000 forecast. Also note, China CPI was also released at the same time, coming in at 2.4% actual vs. 2.3% estimate.
Read more Previous

Commodities Brief: Oil adds to gains, notches highest daily close since late March

It was another ‘risk on’ day in global markets, with US equities again leading the way and setting new record highs. The S&P 500 closed the day up 0.43%, to finish at 1632.69 (a new all time high). Even commodities actually showed some signs of life, with oil closing up 1.09% to finish at 96.60 (highest daily close since late March). Gold was the out-performer in the precious metals sector, closing up 1.51% at 1473.30. Silver was only able to edge out small gains, closing up 0.16% at 23.90.
Read more Next
Start livechat