Chris Becker

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Macro Afternoon

by Chris Becker As we head into a more fruitful week in the economic calendar, Asian markets are seeing more risk takers with most stock markets putting in positive sessions and domestic currencies also higher. The oil price is helping here, as are other commodities going into the European open. In mainland China the Shanghai

17

Macro Afternoon

by Chris Becker Hot money continues to wind out of long oil and into Yen and other safe havens like gold, sending Japanese stocks down while Chinese and Aussie (but I repeat myself) stocks initially rallied.  Stock futures for the US and European markets are flat alongside currencies however. In mainland China the Shanghai Composite

24

Macro Afternoon

by Chris Becker This time only mainland Chinese stocks are enjoying the feel of green, led by rebalancing in the MSCI Index as a sea of red screens swamped the rest of Asia, led by a big selloff in Australian stocks. Yen is gaining as the safe haven once more alongside a small blip higher

28

Macro Afternoon

by Chris Becker Outside of Japan it hasn’t been a fun day in Asia with most regional stock markets closing in the red, in opposition to a strong lead overnight on US and European markets. The stronger USD on the back of hawkish Fed comments is only finding resistance against the Aussie as commodities retreat

14

Macro Afternoon

by Chris Becker Its a bright start to the week with Japanese stocks leading the way across Asia as safe haven buyers retreated away from Yen and filled in to commodity proxies like the Aussie and Kiwi. In mainland China the Shanghai Composite is up over 0.5% going into the close at 3137 points, still

25

Macro Afternoon

by Chris Becker A mixed end to the week for Asian shares with the Yen falling on the BOJ continued stimulus position, while Aussie and other markets sold off going into the close to end a lacklustre trading session. In mainland China the Shanghai Composite is down going into the close, off approx. 0.2% to

15

Macro Afternoon

by Chris Becker The negative lead overnight has turned into a mild selloff across Asia with Australian stocks falling the most after a stonking jobs report sent the Aussie dollar higher. In mainland China the Shanghai Composite is stable going into the close at 3132 points, still clinging above key support at the 3100 point

48

Macro Afternoon

by Chris Becker It’s been a mixed day in Asia with short covering and delusion over iron ore in Australia overshadowed by minor falls across the rest of the region. In mainland China the Shanghai Composite slid on the triple data release with FAI numbers spooking a little, sending the market down 0.7% to 3129

16

Macro Afternoon

by Chris Becker The selloff in tech stocks overnight has not affected Asian bourses as much as expected, with real caution and volatility still surrounding the outcome of the UK election and the shenanigans in the US. In mainland China the Shanghai Composite zoomed straight up after the long lunch break, reversing some of yesterday’s

15

Macro Afternoon

by Chris Becker The fallout from a hung UK parliament and the Comey testimony has not translated into big falls or higher volatility in Asia – save the Pound, which is taking a pounding against the majors. Good time for shopping online in the UK? In mainland China the Shanghai Composite is up slightly going

32

Macro Afternoon

by Chris Becker Caution and prepositioning for some major macro events over the next 24 hours in the Asian session today, with the Chinese and Australian trade figures (but I repeat myself) not causing any ripples. In mainland China the Shanghai Composite is up slightly going into the close at 314 points, trying to build

27

Macro Afternoon

by Chris Becker The less than impressive local GDP result sure impressed Aussie buyers, send the local currency up to its previous high in May while stocks and bonds were non-plussed. Outside the domestic arena, the real focus is macro – the UK election, the Qatar and growing problems in the Middle East, the Twit-in-Chief,