The promise of some decisive action to help end the EZ banking crisis has helped regional sharemarkets open slightly higher. Tokyo and Taiwan are closed, the Kospi is +0.2% as is the All Ords, which had opened slightly lower.
Gold is steady at $1646/0z and oil is trading at $83.25/bbl.
The FX market is fairly quiet although dealers are reporting that EUR/USD bids are starting to appear now around 1.3350, perhaps giving EUR/USD it’s first direction of the week.
Most Popular
Sponsored
Fed minutes hint at Dec. rate hike if inflation persists. Traders eye 15% chance. Watch bond yields!
Bitcoin hovers near $77K as Warsh takes Fed helm. Markets brace for rate hikes, not cuts.
Warsh's Fed chair debut: Markets brace for rate hikes, not cuts. Bond yields test new leadership.
Puig shares tumble 10% as Estee Lauder ends acquisition talks. Valuation concerns rise.
Markets rally on peace hopes! Oil jumps, dollar firms. Investors eye diplomacy.
Consumer sentiment hits record low on gas prices & inflation. Voters' economic confidence plummets.
Futu faces $271M penalty for licensing breaches, impacting its valuation despite strong 2025 growth.
Sponsored
Must Read
