Australian Dollar

By Chris Becker  Quite a mixed night on overseas risk markets with European bourses slipping into the red while Wall Street is just holding on as tech stocks sell off slightly amid worse than expected corporate results.

Despite a very positive lead from Wall Street overnight, Asian equities fell back in the main, with Aussie stocks treading water for the second day in a row.

By Chris Becker  US stocks have surged to record highs on the hopes that trade talks will bear fruit soon with an official extension to Brexit stabilizing European markets.

A solid start to the week here in Asia, outside Australian stocks, with risk markets pushing higher from Friday night’s solid session on Wall Street and more weighing up on Brexit.

Via Banking Day: Australian banks “face greater pressure to their profits” a Treasury briefing for their minister, Josh Frydenberg, explains.

Stocks are flatlining alongside currency markets across the region  – if you look outside local risk markets – as the Brexit and US induced earnings swings from overnight dissipate into nearly nothing in terms of risk taking.

By Chris Becker  Tech stocks lead the way on Wall Street overnight as solid earnings overshadowed the ECB rate meeting which ended up a fizz with no substantive change.

DXY was up again last night as EUR sagged: The Australian dollar sank against DMs: And EMs: Gold was strong: And oil: Plus metals: But not miners: Em stocks are trying: As junk celebrates: Treasuries were bid: And bunds: Plus Aussie debt: Stocks ground upwards: It was PMI night and it told the tale.

Stocks are advancing across the region here in Asia although mainland Chinese stocks are struggling to make ground, as positive sentiment from US earnings overnight (notably Tesla and Microsoft) and a lower USD keeps risk spirits going.

By Chris Becker  European stock markets led the charge overnight as Wall Street was relatively flat, despite a big lift in oil prices as US inventory data surprised to the downside.

DXY was up again last night: The Australian dollar pulled back against DMs: And EMs: Gold was stable: Oil up: Metals too: And most miners: EM stocks are still poised: Junk was softer: Treasuries bid: And bunds: Aussie bonds most of all: Stock were flat: Westpac has the wrap: Event Wrap US Pres.

Chinese bourses are dragging down the risk sentiment into a defensive mode given the late poor lead on Wall Street overnight, as the Brexit drama rolls on again.

By Chris Becker  Overnight risk markets were relatively stable due to the absence of any major catalysts or economic news, although Wall Street wilted later in the session as European stocks tread water.

A sea of green on stock markets across Asia although not as substantial as that on overnight markets, with Japanese bourses closed for a holiday providing a muddy picture to overall sentiment.

By Chris Becker  The USD gained strength overnight, with equity markets moving higher in Europe and then dragging Wall Street along with it as Trump suggested/lied about a possible “new” deal with Chyna.

A better than expected day on stock markets across Asia despite the poor lead from Wall Street on Friday night as the weakening in USD and co-ordinated volatility in currency markets abated on the Monday morning gap open.

By Chris Becker  Friday night saw Wall Street lose further ground as the Brexit delay deal took over volatility on currency markets, sending the USD down against all the majors, except gold.

Another mixed day on stock markets across Asia despite the solid lead from Wall Street overnight with currency markets relatively stable as the latest Chinese data came in better than expected.