Chris Becker

Asian share markets are having a buoyant session across the region on the back of the “just okay” US jobs report from Friday night and some further indication that the Federal Reserve is likely to keep easing while the ECB and BOE look set to finish or have already done so.

Friday night saw the release of the latest US jobs print – the non-farm payrolls or NFP for May – which came in on expectations although revisions and internal numbers show building weakness from the start of the year.

Last night saw the ketamine Nazi having a Twitter/X stoush with the Adderall TACO-baby online after their recent public divorce, with Trump threat of taking away Tesla’s subsidies sending its stock price down over 14%.

Stock markets were quite mixed in the Asian session today without a solid lead from Wall Street as concerns over rare earth metal supply held back Japanese equities while currency markets are awaiting tonight’s ECB meeting.

Last night saw the release of the latest US ISM services and private jobs data reports and both slumped below market expectations, halting the mini rally on Wall Street and tanking the USD once again.

Its still all about the art of the deal as the Trump regime struggles to find anyone wanting to come to the table with more tit for tat accusations between China still not yet upsetting risk markets.

Last night saw the release of the latest EU flash inflation figures which imply some building deflationary pressures while the latest US factory orders blew up to a new low, reinforcing the damage done by the Trump regime’s tariff “plan”.

A lot of macro events and geopolitics hit risk markets today but was mostly absorbed outside of currencies as the USD hit a six week low on a combination of the burgeoning world wide trade war started by the Trump regime and the growing slowdown in the domestic US economy.

It was all about the TACO trade overnight as Wall Street rallied on an extension of Chinese tariff pauses despite a lot of vitriol between Trump and the Middle Kingdom about breaking the recent trade deal.