WTI crude prices have been trading as a global growth proxy so today’s fall below $95 is a reflection and confirmation that optimism is dwindling.Another growth proxy — copper — is down 1.95% The Chinese reserve ratio cut hasn’t inspired … Continue reading
The Nikkei is back to flat after being +0.5% in early trade and Shanghai is underwater after also opening higher. Seoul and HK are around 0.5% lower. Gold is trading at $1582/oz and Oil is at $95.35/bbl.
HK and Seoul are -0.7%, Sydney is -0.5% and Shanghai is flat. Gold is $1637/oz and Oil is $102.50/bbl.
Gold is $1643/oz and Oil is trading just under $104/bbl. The FX market has had a very quiet start to the week, with all of the majors still trading near their NY closing levels after 5 hours of trade.
The Hang Seng is -0.5% but most other regional Bourses are +0.25% on average. Gold is $1672/oz and Oil $103.30/bbl.
The Nikkie is building on its earlier gains and is now +1.7% with the Hang Seng almost 1.5% higher. Most other regional Bourses are +0.75% on average. Gold is trading at $1688/oz and Oil is at $107/bbl.
Not much happening on equity markets either, with the Kospi -0.4% but most other regional Bourses +0.25% on average. Gold is trading near $1664/oz and Oil near $106.50/bbl.
More from Bloomberg on the effects that an economic soft-landing might have on economies and currencies like the AUD.
Latest musings from AEP who has thankfully moved on from his EUR bashing.
Most regional Bourses are +0.3% on average but Shanghai is bucking the trend and is -0.3%. Gold is trading at $1663/oz and Oil is $107.30/bbl