Chris Becker

Wall Street advanced once more this time the broader S&P500 officially made a new high with tech stocks pulling back as European bourses also performed well.

Asian stock markets again moved due to internal concerns with Chinese shares moving higher on state instituted rules on investment while Japanese exports for December helped lift the Nikkei.

Wall Street advanced once more although the broader S&P500 just missed out on making a new high with tech stocks again leading the way.

A lot of regional internal news are moving Asian stock markets instead of the usual macro newsfront with mainland Chinese shares off sharply while traders await the latest BOJ decision as wage and labour concerns mount.

Wall Street returned from its long weekend and rallied across the board, not helped by more tariff talk although most of that looks like the typical hot air so far, with the USD still remaining in a weak short term cycle against the major currency pairs.

Asian stock markets are generally in a positive mood although mainland Chinese shares can’t find a bid as they worry about the incoming Washington Circus as tariff threats still linger like a full Depends pullup.

The Circus is now officially in town and with that came a slam back of the USD as tariff talk was walked back a bit, not helped by a holiday on Wall Street, with the less talked about crypto pumping and dumping the better!

Green across the board across both sides of the Atlantic on Friday night with Wall Street having its best week since the election in November as traders weigh up the lifting of the Trump Circus Tent come Monday morning.

Wall Street failed to advance on its latest surge overnight mainly due to a fall in tech stocks, led by Apple while European shares remained boisterous across most of the continent.

Asian stock markets are somewhat mixed although local shares got a boost on a surprise uptick in the unemployment print that energised more RBA rate cut speculation.