The Nikkei and Hang Seng closed virtually unchanged in anticipation of the US lunchtime numbers. The Hang Seng was the best performing Asian index closing up 0.45%. It was always going to be about the US Payrolls even as Europe opened marginally better bid. Overnight we had seen the USD take a bit of a breather and saw oil ( 2.5%) and gold ( 0.75%) both recovering from the past few days weakness.
This post was published at Armstrong Economics on Sep 2, 2016.