Soft Asian share markets

FXstreet.com (Barcelona) - Local share markets in the Asia-Pacific are currently showing a soft stance after worst Chinese exports data in 17 months has been released, despite the fact the US equity markets posted its fourth consecutive day of advances.

The Nikkei index is last up +0.12% shy of the 14500 points mark, while the Shanghai Composite index is also higher by +0.13%. Korean Kospi is down -0.15% with Hong-Kong's Hang-Seng about flat at +0.03%, and the Australian ASX leading the way higher gaining +0.72%.

Flash: Aus jobs last straw to confirm RBA Aug cut - NAB

The Westpac Consumer confidence indicator fell 0.1% in July, the third fall in the past four months, notes Spiros Papadopoulos, Economist at NAB.
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Gold eases below $1250; Oil below $104

Gold is currently trading at $1245 off recent session highs at $1253, in what it could be a short term bullish flag, starting the retracement yesterday at $1260 highs.
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