Chris Becker

7

Macro Afternoon

Asian share markets are rebounding somewhat outside of Japan with risk sentiment improving slightly on overnight volatility. The RBNZ surprised today with a 50bps rate rise, which sent AUDNZD to a three week low as expectations firm for the RBA to play catchup. Other currency markets are seeing some firming in USD with Euro pulling

5

Macro Morning

Wall Street had the wobbles again overnight, led by a steep selloff in tech shares with European shares also unsteady with new PMI surveys coming in under expectations. The bond market saw some strength in response, with the 10 year US Treasury yield pushed down to the 2.7% level, with interest rate markets still continuing

101

Macro Afternoon

Asian share markets are seeing quite a bit of selling going into the closing sessions as risk taking reverses course yet again, this time on increased concern that both the Fed and ECB are going to hold the line on interest rate rises with Lagarde commenting as such this afternoon. Currency markets are seeing a

7

Macro Morning

More Chinese stimulus news has helped buoy risk taking spirits with a healthy start to the trading week on Wall Street overnight, with European shares also rebounding. The bond market saw some weakness in response, with the 10 year US Treasury yield pushed back up to the 2.8% level, with interest rate markets still continuing

76

Macro Afternoon

Asian share markets are quite mixed as we start another trading week, absorbing the very unsettling finish on Wall Street on Friday night. Currency markets are also clawing back more ground against USD as the Australian dollar firms above the 71 level to make a new weekly high. Oil prices are stabilising with Brent crude

2

Macro Morning

While there was a sea of green across Australian politics on Saturday, Friday night saw Wall Street put in a deep intrasession loss that was then barely filled at the end of the night. This continued high volatility is also translating into a much firmer bond market with the 10 year US Treasury yield again

85

Macro Afternoon

Yet another bounceback with Asian share markets green across the board today to finish the trading week still unsettled. Currency markets are also clawing back more ground against USD as the Australian dollar firms above the 70 level. Oil prices are stabilising with Brent crude now hovering just above the $111USD per barrel level while

2

Macro Morning

Share markets are still clutching their pearls over “inflation concerns” with European shares playing catchup overnight as Wall Street put in a scratch session with no new news to further spook equity traders. The bond market however saw more firming with the 10 year US Treasury yield pulling back to the 2.77% level, with interest

36

Macro Afternoon

Asian share markets did relatively well all things considering after last night’s crash on Wall Street, with losses in the 1-2% range, but still looking very shakey as the recent bounceback in correlated risk markets is over before it started. Currency markets are seeing more ground lost to USD as the Australian dollar has slipped

11

Macro Morning

Well the bounceback is finished and then some with Wall Street collapsing overnight in its worst run in nearly two years, with the NASDAQ losing nearly 5% in a single session. Sell in May and go away anyone? This was all about inflation concerns as the latest UK, Euro and Canadian inflation prints spiked above

105

Macro Afternoon

Asian share markets are doing relatively well given the continued bounceback on overseas markets overnight, although Chinese shares are unstable again after a big move higher yesterday. Currency markets are pushing back against the very strong USD although the Australian dollar has slipped back down to the 70 level. Oil prices are also retreating slightly

1

Macro Morning

Last night saw a bigger bounceback on stock markets with both European and US shares properly extending their recent gains, helped by a weaker USD. The reaction to Fed Chair Powells comment on containing inflation, and the latest US retail sales print wasn’t as spooky as expected either, although the bond market saw further weakening

36

Macro Afternoon

Asian share markets have had a better response and follow through to the bounces on overseas markets from Friday night, despite a reluctant Wall Street overnight with Chinese shares leading the way after a stumble yesterday. Currency markets are starting to fight back against the very strong USD with the Australian dollar boucning back above

2

Macro Morning

Last night saw a failure to confirm Friday’s bounceback on stock markets with both European and US shares playing the wobbly game amid tension over interest rates and Chinese growth concerns. The bond market moved around only a little with the 10 year US Treasury yield easing off to just below the 2.9% level, with

67

Macro Afternoon

Asian share markets have had a tepid response to the bounces on overseas markets from Friday night, with Chinese shares still spooked by the latest retail data showing the middle kingdom is slowing down appreciably. Currency markets remain constrained by a very strong USD with the Australian dollar reverting from its tiny fightback on Friday

1

Macro Morning

Friday night finally saw a proper bounceback on stock markets after weeks of downside volatility with Chinese shares leading the way into the European session and then Wall Street taking over after desperately trying to find a bottom in the mid-week. While the latest US consumer sentiment figures disappointed, the Fed is still ready to

105

Macro Afternoon

The strong inflation print from the US overnight has kept risk markets contained across Asia today with the added bonus of steep falls on Chinese bourses as the fallout to the middle kingdom economy continues. Currency markets remain constrained by a very strong USD with the Australian dollar now below the 69 handle while commodity

87

Macro Afternoon

Asian markets are trying to bounceback with only Chinese bourses doing the heavy lifting as local stocks were put off by the slump in consumer sentiment.  Currency markets remain spooked by a strong USD although the Australian dollar is trying to bounce off the 69 handle while commodity markets including oil are slowly lifting higher,

0

Macro Morning

Equity markets tried to bounce back last night, but Wall Street was a bit of a wet blanket with only modest bounces after critical support levels were broken earlier in the week and remain untouched. The bond market firmed somewhat instead with 10 year US Treasury yields roundtripping to fall back to the 2.9% level

101

Macro Afternoon

Still not a good day for risk takers out in the Asian stock markets although a late bounce this afternoon has seen equity futures for Europe and Wall Street lift, dragging up some local bourses as well. Currency markets remain in line with a strong USD, with the Australian dollar almost crossing below the 69

1

Macro Morning

Another bath of blood on Wall Street overnight as critical support levels were broken across almost all risk markets, tipping us into bear market territory. This follows Friday night’s reaction to the solid US jobs report as the Fed will not be swayed from its aggressive rate rise agenda. 10 year US Treasury yields fell

113

Macro Afternoon

Its another sea of red out there for Asian stocks as we start the new trading week in the shadow of big falls on European and US share markets on Friday night as the latest US jobs report solidifies the Fed’s stance on hiking rates. All the major currency pairs continue to fall with the

0

Macro Morning

Following the previous flop on Thursday night, Wall Street was able to recover somewhat on Friday with only minor losses although the tech heavy NASDAQ is now pushing into bear market territory. The latest US jobs report was pretty solid and kept the sellers energised as the Fed will not be swayed from its aggressive

92

Macro Afternoon

Asian stocks have reacted in kind to the rout on Wall Street overnight with steep losses across the region – except for Japanese stocks. All the major currency pairs continue to lick their wounds after similar retracements overnight with the nearly unstoppable USD likely to strengthen after tonights US unemployment print. Oil markets are pushing

13

Macro Morning

What the hell was that? Wall Street completely flopped overnight with the NASDAQ losing 5%, the S&P500 down over 3% in a big reversal from the post-Fed exuberance. This is unsettling given the only couple times this has happened before was early 2008 and early 2020 before well, you know.. Bond markets saw a big