dChan
Anonymous ID: 0bbcce April 17, 2019, 7:22 p.m. No.6218341   🗄️.is đź”—kun

Asian shares edge up to nine-month high, European, Japan PMIs awaited

(they have since come off the high's as referenced in this article)

TOKYO (Reuters) - Asian shares were subdued on Thursday after a negative performance on Wall Street, with caution ahead of business surveys in Europe and Japan, and the Good Friday and Easter holidays keeping investors on the sidelines.

(not the bloated valuations in all mkts…no couldn't be that)

MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.08 percent, trading just below its highest since late July 2018 brushed on Wednesday.

 

Australian shares advanced a quarter of a percent while Japan’s Nikkei was a shade lower.

 

“We’re in this kind of hiatus in the global economy,” said Chris Weston, head of research at foreign exchange brokerage Pepperstone in Melbourne.

 

“People are starting to believe that we’re going to see better times in the second quarter and probably into the third quarter as well, and that perhaps the first quarter has been that trough.”

 

Wall Street shares ended in the red on Wednesday, with the S&P 500 falling 0.2 percent as a drop in healthcare equities outweighed upbeat economic data from the United States and China.

 

The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, data on Wednesday showed.

 

Separate figures from China earlier in the day showed the world’s second-largest economy grew at a steady 6.4 percent pace in the first quarter, defying forecasts for a slowdown. Attention is now turning to how much more stimulus Beijing will apply without triggering more financial risks.

 

Investors’ immediate focus turned to the release of Purchasing Managers Indexes (PMIs) for the manufacturing and service sectors in Europe later on Thursday to provide more clues on the strength of the euro zone economy.

 

“It’s going to be interesting to see if we see some stabilization there in line with what we’ve been seeing in the stabilization in the Chinese data flow,” said Pepperstone’s Weston.

 

A flash manufacturing reading will also be released for Japan.

YEN NEAR 2019 LOW

 

Market participants are also eyeing signs of progress in U.S.-China trade negotiations.

 

Washington and Beijing set a tentative timeline for a fresh round of face-to-face meetings ahead of a possible signing ceremony in late May or early June, according to a Wall Street Journal report.

https://www.reuters.com/article/us-global-markets-idUSKCN1RU01Z

https://www.kitco.com/charts/livegold.html

https://www.dailyfx.com/crude-oil

 

(good luck with those Aramco bonds nigga's)