Australian Shares

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Macro Afternoon

A mixed end to the week here in Asia with stock markets outside China rising even after a poor overnight lead from Wall Street. The USD continues to build strength although the Japanese CPI print for January came in slightly stronger than expected, moderating the fall in Yen and sending stocks higher. Here in Australia,

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Lousy ASX profit season says it all about Australia

Via UBS: Good Results but Still Lagging the Global Earnings Boom So far just over 130 members of the ASX200 have reported earnings (of around 170 due to report) making reporting season around 80% complete. Reporting season has, as always, been mixed, but overall quite decent with FY18 and FY19 estimates basically holding, which is

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Macro Afternoon

Following the poor lead from US stocks overnight, its been a rough day here in Asia, although the return of Chinese markets stopped a sea of red across the board. Its all about bond yields with Treasuries spiking and about to breach 3%, taking the USD with it, although Asian currencies like Yen and the

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Macro Afternoon

A slightly better day here in Asia, but risk markets are still listless given the lack of follow through on Wall Street overnight from its long weekend holiday. A higher USD, possibly in the wake of higher bond yields as Treasury auctions mount up quicker than Trump’s record deficit spending, should help other domestic markets

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Macro Afternoon

The poor showing in European stocks overnight has led to a mild selloff on Asian stock markets, not helped by the still closed Chinese bourses. The USD slipped against the Aussie dollar on the release of the latest RBA minutes but the Yen weakened, however it did not help Japanese stocks as expected. Caution is

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Macro Afternoon

A flat start to the week in currencyland but stocks are poised to build on their recovery gains from last week, even in the absence of trading in China due to the NY celebrations and Wall Street tonight due to President’s Day. Japanese stocks performed the best despite a stronger Yen, while gold and oil

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Macro Afternoon

A mixed end to the week here in Asia with Japanese stocks catching up to the rebound, Chinese bourses closed for NY celebrations and the ASX200 lagging as industrials and media stocks selloff going into the weekend. Oil prices continue to show some more exuberance, hitting a one week high while gold and other undollars

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ASX sticks to its gloom

The AUD is still holding off a very weak DXY: Bonds are stable: XJO is up a little but sticking to its gloom: Big Iron is off after a big bounce yesterday: Big Gas has more falls ahead despite the USD: Big Gold is down but I’m flipping over. The short term looks good if

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Macro Afternoon

Its all systems go in risk markets here in Asia today as the solid night on Wall Street translated into outsized gains for stocks. The falling USD helped, even though Yen made another high it didn’t drag down Japanese markets as expected. Chinese markets were closed for the New Year celebrations. S&P futures are up

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Macro Afternoon

Another mixed day across Asia with only Chinese stocks rallying as the more correlated risk markets prepare for some serious economic releases. Yen hit another new high against USD while sovereign bond yields continued to fall following the US Treasury lead. In mainland China the Shanghai Composite continues to build on its positive start to the week,

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Macro Afternoon

A slightly better day here in Asia on stock markets, although Japanese bourses are spoiling the party as the Yen continues to appreciate. A positive mood on Wall Street overnight translated into modest gains across most of the region, with the ASX200 finally playing catchup. Treasury yields continue to moderate while the USD also slips

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ASX rejects global stock bounce

The AUD is off during the day: Bond are bid: The ASX is only up modestly despite the big global bounce: Big Iron is leading the way: Big Gas is a bust with more pain ahead: Big Gold is bid but still a sell for me: Big Sleazy is the real worry. Falling today and

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Macro Afternoon

So we start the week here in Asia tentatively with some positive news coming out of Korea viz the Olympics and potential US talks with North Korea. Japanese markets were closed for a holiday and gold prices lifted slightly as the USD weakened across the majors. The ASX200 was the ugliest girl at the ball, mainly

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Time to buy?

DXY lifted modestly Friday night: AUD rebounded with risk against DMs: Was mixed against EMs: Gold struggled: Oil was crushed: Base metals fell: Big miners lifted anyway: EM stocks rebounded: Junk didn’t: Treasuries were bid and the curve steepened: Same for bunds: European stocks were crushed. US too but then rebounded strongly into the close: The

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Macro Afternoon

Another interesting day here in Asia with Chinese stocks smacked down even though the latest CPI print came in bang on target, the risk off night in Wall Street has spooked markets across the region today. Interestingly, the ASX200 was relatively unharmed, down less than 1% even as commodity prices slumped. It’s going to be