Macro Afternoon

by Chris Becker

A sea of red in Asian stocks today as the falling US dollar dragged the Nikkei down as Yen hovered at around the 101 handle. The Shanghai Composite is having a scratch session too, remaining just above support at 3000 points, and Eurostoxx futures are pointing to a 0.3% loss on the open.

The ASX200 was all over the place again today, selling off until lunch on the back of the CBA profit release and then coming back later in the session after absorbing the finance figures. It finished down 0.2% with the daily chart trading in a very narrow band: