On the data front, the ZEW Indicator of Economic Sentiment for Germany recorded an increase of 2.5 points in January 2019, and now stands at minus 15.0 points.
Global Markets: Asian Stock Markets : Nikkei down 0.57%, Shanghai Composite down 1.28%, Hang Seng down 1.22%, ASX down 0.54% Commodities : Gold at $1278.65 (-0.31%), Silver at $15.23 (-1.08%), Brent Oil at $62.12 (-0.99%), WTI Oil at $53.58 (-0.85%) Rates : US 10-year yield at 2.754, UK 10-year yield at 1.324, Germany 10-year yield … Continue reading Tuesday 22nd January: Asian markets lower as IMF cuts global growth forecasts
Technical signals on the bigger picture, as you can probably see, are mixed. Weekly flow portends further buying may be on the cards, while daily sellers are defending nearby supply.
Asian stock markets, led by Japan, are in positive territory on Friday amid optimism that U.S.-China trade tensions may ease after the Wall Street Journal said the U.S. is considering lifting tariffs on Chinese goods.
Asia Pacific shares gave up early gains on Thursday despite strong quarterly earnings in the U.S. and after the U.K. government won a parliamentary confidence vote.