Market Recap: Asian Equities Trade Mixed
Good session for equities in the US with the Nasdaq outperforming up 0.61%. Over in the Asia Pacific area, all the major bourses were subdued, Nikkei -0.24%, ASX -0.08% and Shanghai Comp. -0.07%. Overnight China old the World Trade Organization (WTO) it intended to impose $7 billion a year in sanctions on the United States
Commodities are mixed this morning, WTI traded well yesterday after the API Weekly Crude Oil Stock produced a draw of -8.636M vs last weeks reading of -1.200M. This morning price is now once again very close to the $70.00/bbl area.
In yesterday's session, gold rejected lows of $1187/oz to close higher at $1198.40/oz but this morning prices trade 0.27% lower as the DXY remains stubborn.
Copper also rebounded from lows yesterday and has started the session 0.17% higher today to trade just above $2.60lb. Once again it looks as if we may have found a base, although, any negative rhetoric out of the China - US trade talks could send the metal tumbling....