The indices of Nikkei and ASX 200 are trading slightly higher, as the Chinese markets are down, after the data from the manufacturing PMI came in at lower than expected at 51.4, expecting 51.6. Investors are cautious again after the missile launch of North Korea and the news is that now the country has a missile capable of reaching the shore of America. Hang Seng index is up by 153 points, this is the biggest rally of 5 year. The futures of the American indices show slight dip overnight.
The price of Oil held to its gains, after a slight dip at around $49.80 and this is possibly helping the indices. The strength of the JPY emerged during the night session as all pairs were down against the JPY, as USD/JPY was trading down at around 110.360. The Aussie dollar was the weakest currency, falling most against the JPY and the USD after the worst than expected Chinese reading of the PMI. The USD was supported this time, but it will probably not last for long and it will fail again during the European session. Price of Gold did not move much and remains at $1,270
Shares of Samsung are trading lower, as the shares of Toshiba and Hitachi technologies.
Source: Bloomberg Pro Terminal
Trader - S. Fuchedzhiev
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