Mrkts..(wk16)16 Apr 2018 05:43
On Friday Asian mrkts closed mixed, Tokyo up the other two slightly down on the surprising news that China reported a c.$5bn trade deficit. This from a $33bn surplus in Feb. Seasonal factors attributed to the large swing into the red. The military strikes were far less than feared and so far the Russian reaction has been muted. Asian mrkts are quiet, seeing a better start in the US, Tokyo is up 53, HK off 343 (1%) and Shanghai -25 still reacting to the trade nos but no doubt weighing on activity was the air strikes and fear that Assad could retaliate igniting further bombing on airfields and military targets which Trump has said will happen. Oil futures fell 1% on the easing 'fear' factor and Asia will be focussing on the Q1 earnings season in the US kick started by JPMorgan on Friday (beat expectations) and Big Blue reporting on Tuesday after mrkts close. The nos: Oil $71.83 - Gold $1348 - Vix 17.41 - £$ 1.426 - £€ 1.156 - Bcon $8021 - FF (u/c) & DF (+70). Good Morning all.