Asian stocks appear set for a mixed open amid a data-light Friday, overlooking Wall Street’s higher finish overnight following strong U.S. economic data.
Australia’s benchmark S&P ASX 200 index rose 0.2 percent at the open, recovering from Thursday’s four-week low which saw the bourse giving up this year’s gains to trade 0.7 percent lower year-to-date.
Profit-taking could continue to weigh on Japan’s Nikkei 225. Stock futures in Chicago traded at 17,290, while those in Osaka dropped 0.4 percent to 17,260; both marginally below the index’s previous close of 17,300. Japanese shares saw limited gains on Thursday as investors took profits on recent performers such as Softbank.
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EUR/USD climbs to 10-day highs above 1.0700
EUR/USD gained traction and rose to its highest level in over a week above 1.0700 in the American session on Tuesday. The renewed US Dollar weakness following the disappointing PMI data helps the pair stretch higher.
GBP/USD extends recovery beyond 1.2400 on broad USD weakness
GBP/USD gathered bullish momentum and extended its daily rebound toward 1.2450 in the second half of the day. The US Dollar came under heavy selling pressure after weaker-than-forecast PMI data and fueled the pair's rally.
Gold struggles around $2,325 despite broad US Dollar’s weakness
Gold reversed its direction and rose to the $2,320 area, erasing a large portion of its daily losses in the process. The benchmark 10-year US Treasury bond yield stays in the red below 4.6% following the weak US PMI data and supports XAU/USD.
Here’s why Ondo price hit new ATH amid bearish market outlook Premium
Ondo price shows no signs of slowing down after setting up an all-time high (ATH) at $1.05 on March 31. This development is likely to be followed by a correction and ATH but not necessarily in that order.
Germany’s economic come back
Germany is the sick man of Europe no more. Thanks to its service sector, it now appears that it will exit recession, and the economic future could be bright. The PMI data for April surprised on the upside for Germany, led by the service sector.