Asian Pacific stocks lower

Other stock indices are showing:

  • Japan's Topix index down -0.1%
  • Hang Seng index up 0.20%
  • Shanghai composite index -0.23%
  • S&P/ASX 200 down -0.09%

In other markets:

  • Spot gold is still down about $5.50 or -0.44% at $1275
  • spot silver is trading down 4.2 cents or -0.26% at $16.40
  • US 2 year note is trading at 1.802%, +3 basis points and the 10 year note is trading at 2.4026%, +4.1 basis points.
  • crude oil futures are trading down $.38 or -0.65% at $57.98
  • Dow futures are trading up 223 points or 0.92%. S&P e-mini is trading up about 0.6%.

Finally, in the forex market, the USD remains the strongest currency but off the highs vs. most of the pairs (the USDCHF and USDCAD remain near highs). The CHF is the weakest.

The dollar is supported by the passing of the GOP tax reform plan early on Saturday morning. The CHF is mostly lower after losing the safe haven bid status from the "fake news" story on Friday about Michael Flynn and the timing of his talking with Russia.

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