With no progress to report on the US/China trade talks and Trump thankfully still asleep (or his staffer’s have taken away his iPhone) there haven’t been any catalysts to upset markets on the open here in Asia today. The Yuan is depreciating sharply due to the PBOC trying to head off the tariffs while Yen
By Chris Becker Risk sentiment is still mixed and despite Trump raising tariffs, the trade negotiations are continuing, leading to a near bifurcation in direction in Asian and non-Asian stock markets. US stocks finished the week on a solid note, while European bourses also advanced as the latest US CPI print came in as expected.
The tide may be changing with Chinese stocks rebounding to finish the week on a sweeter rather than sour note as optimism around the trade talks with the US climbs. The Australian dollar is inching its way back to the 70 cent level while Yen and other safe havens remain stable. The Shanghai Composite has
By Chris Becker Risk sentiment remained sour overnight as the deadline for new tariffs on Chinese goods to the US is rapidly approaching. European shares fell sharply while US stocks slipped with a little bit of hope as bond yields didn’t fall as fast as expected. The USD remains a little weaker against the majors,
The risk off sentiment is growing with Asian share markets falling across the board, except locally, as the USDJPY pair hits a three month low. Its all about how Trump can keep his mouth shut during the upcoming US/China talks, although news of another missile launch in North Korea is adding to the volatility. The
By Chris Becker Risk markets are stabilising, somewhat, as the US/China trade war concerns ease slightly as Chinese trade officials arrive in the ‘States. Treasury yields are up slightly while the USD has retreated against most undollars, although Pound Sterling is falling sharply and the Australian dollar remains under 70 cents. Looking at Asian markets
A sea of red across risk markets here in Asia as they continue to react to the Trump/China trade battle. There was some stability in currency markets, except in Kiwi as the RBNZ cut rates, while gold prices lifted slightly. The Shanghai Composite has fallen below 2900 points, down over 1% to 2893 points to
By Chris Becker It’s getting boisterous out there in risk-land with 2% falls across Wall Street overnight as concerns mount over the failure of the US/China trade talks. Oil prices tanked with a rush of safety to Yen and bonds sent all other undollar assets down as well, including the Australian dollar which lost all
Finally a full session here in Asia as Japanese trader’s came back from the Golden Week as risk markets continued to react to the Trump/China trade battle. Meanwhile, the RBA meeting came and went with almost no change as the stubborn boffins at Martin Place continued to put their heads in the ground, sending the
By Chris Becker There’s good volatility and bad volatility, and it all depends on your timeframe. Day traders have loved the start to the week but for position traders and investors, Trump’s tweets are causing havoc by re-opening the US/China trade war and a possible hot war against Iran. US stocks opened nearly 2% lower
Trump is causing a ruckus on risk markets across Asia today with just two tweets – someone take that phone off that madman! Chinese stocks collapsed as the potential for a stall or even abandonment in US/China trade talks firms while currency markets were all over the place as risk sentiment inverted completely. The Shanghai
By Chris Becker President Trump’s huuge announcement of more tariffs (with extra added deadlines!) on China has sent currency markets gapping down here in Asia on the early open, with S&P mini futures gapping 1% lower which will lead to commensurate falls on equity markets when they open this morning. Except Japan, which will be closed
With mainland Chinese and Japanese stock markets closed its been a weak finish here in Asia going into the weekend with the Australian dollar making a new low, remaining under 70 cents while open stock markets basically returned scratch sessions. The focus instead will be on US and European markets tonight with the latest CPI
By Chris Becker Markets fell again overnight as confidence continues to evaporate following the Federal Reserve’s more neutral stance. The BOE held overnight as well, taking the wind out of a recent rally in Pound Sterling, while US bond yields and the USD rose as undollar assets like oil and gold fell in the risk
With the inversion of risk sentiment overnight following the latest Federal Reserve meeting, Asian markets were not expected to be boisterious today, not helped by the continued Golden Week holiday in Japan and with mainland Chinese markets also closed. Locally, the NAB profit release and cut in dividends sent the financial index and thus the
By Chris Becker Markets were on edge waiting for the outcome of the latest Federal Reserve meeting overnight and the neutral stance offered sent the USD soaring against the undollars, but took away a lot of the shaky confidence in stocks. Wall Street fell across the board post the meeting and the latest ISM Manufacturing
Not much to report today given that most stock markets are closed as the Golden Week holiday in Japan presses on, with both Singaporean and Chinese markets closed for a holiday. Instead, the focus was local with ANZ reporting full year profits, up only slightly with lots of warning signs for the other divisions of Megabank
By Chris Becker Tech stocks were the main casaulty overnight with the NASDAQ and FTSE the only bourses to fall back despite a positive sentiment across other risk markets. Solid economic prints from Europe in particular inflation bolstered risk and the Euro, while US Treasury yields fell as the chance of a Fed rate cut
As the Golden Week holiday in Japan presses on, all focus was on China today with the release of the latest PMI manufacturing print, coming in slightly lower than expected which sent the Australian dollar much lower as expected. The Shanghai Composite rebounded slightly as a result, finishing 0.5% higher to 3078 points. In Hong
By Chris Becker The latest core inflation figures from the US suggest a less robust economic boom than expected with the USD falling as a result as bond yields lifted across the curve. While the broader S&P500 made a new record high it was only just eked out, with European markets also not as bullish due
The solid finish on Wall Street on Friday night has translated into mixed sentiment here in Asia with Chinese stocks retreating on the mainland, while Japanese bourses were closed and the ASX200 fell back slightly. A similar mixed picture with currencies and undollar assets with gold retreating following its surge on Friday while the Australian
By Chris Becker Friday night saw a positive return to sentiment across both sides of the Atlantic with only the FTSE retreating as the S&P500 almost hit a record high on the back of a strong GDP print, despite some worrying signs within the data. Oil prices took a dive while gold recovered somewhat alongside
A staid finish to the week here in Asia with most stock markets putting in losses following an equally poor showing on Wall Street overnight. The USD has weakened against most of the undollars, particularly the Australian dollar which has bounced off the 70 cent level and gold is finding some support after a very
By Chris Becker Last night saw a lot of mixed sentiment across both sides of the Atlantic with the tech heavy NASDAQ the only leader, as Tesla shares fell sharply on disastrous earnings. Volatility in currency markets is gaining again, particularly in Yen while both Euro and Pound Sterling slipped against USD, the Australian dollar
A weaker than expected CPI print saw the Australian dollar fall sharply today with only the ASX200 rising amid a sea of uncertainty on other Asian bourses. The volatile Yen is keeping Japanese markets at bay, while Chinese stocks are also treading water. The Shanghai Composite has closed with a scratch session, up only 3 points
By Chris Becker Last night saw stock markets surge, particularly on Wall Street as oil prices continued higher while the USD firmed against almost everything, including gold which slumped to a new five month low. A rally on US Treasuries was unexpected, while Fed Futures are also implying a higher chance of a rate cut
A mixed day across Asian stock markets today as most play catchup from the Easter break and the surge in oil prices overnight. Yen moved sharply in both directions, taking the confidence out of Japanese shares while the local ASX200 had the biggest move – higher – due to a much lower Australian dollar. The
By Chris Becker With the Easter long weekend behind us, there’s a lot to absorb from what’s been going on risk markets in the break. The biggest headline is the 3% plus surge in crude oil prices on the back of a US bid to block Iranian exports, sending them to a six month high,
A sea of red across Asian stocks markets today in reaction to overnight caution on Wall Street with the latest unemployment print locally causing the ASX200 to slip while Japanese markets have given up almost all of their recent gains as Yen strengthened on the risk off move. The Shanghai Composite is set to close lower
By Chris Becker Another mixed session on stocks overnight with European bourses advancing again while Wall Street stalled due to a drop in health care stocks from the “Mediscare for all” and a slump in oil prices. The USD firmed slightly against the undollars, particularly gold which made another new daily low while CPI prints
