Australian Shares

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Macro Afternoon

Asian markets start the week in a better mood, absorbing the lack of any negative news over the weekend, plus a slight retracement in USD strength that weighs on emerging markets. The Shanghai Composite looks like starting the week with a positive session, currently up 0.3% to 2675 points, still below what was tentative support until last

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Macro Afternoon

Asian markets finish a volatile week in a mixed state with Chinese bourses liming along while Japanese and Australian markets reacted positively to the strong Wall Street lead from overnight. The USD is also retreating slightly as technical levels come into play, with the Aussie dollar firming on Governor Lowe’s comments this afternoon in Parliament. The Shanghai

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Macro Morning

By Chris Becker Optimisim surrounding a potential trade deal with China coupled with stronger US earnings saw stocks recover well in both Europe and Wall Street overnight. Tech stocks still struggled while the USD stamped down nascent recoveries in both major and emerging market currencies. Recapping Asia’s session yesterday with Chinese stocks first, the Shanghai

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Macro Afternoon

Asian risk markets are taking a deep breath here as a rolling emerging markets crisis bears fruit mainly among stocks, but also the burgeoning USD.  There has been a hiccup here though with the Australian dollar moving higher on today’s jobs report, while the Yen fellback slightly as did offshore Yuan as the PBOC weakened

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Macro Afternoon

The reversal in mood has been short lived with a big selloff in Chinese stocks leading the region down, with only Australian shares not joining in. Although the Turkish Lira is firming, with a positive Wall Street lead overnight and European stocks looking positive going into the open, the negative mood couldn’t be forestalled here

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Buy Coles, short Wesfarmers

Some thin-sliced Chanticleer today: …perhaps the best supporting evidence for Scott’s big Coles spin-off comes when you examine the returns on capital each division of this conglomerate is producing. At Bunnings, which will officially be crowned the flagship of the Wesfarmers fleet after the Coles demerger, return on capital was a staggering 49.4 per cent, up from 41.8

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Macro Afternoon

The fallout from the Turkish crisis continues here in Asia with stocks mixed across the region. Japanese and Australian markets lifted but Chinese shares continued to selloff as the Yuan depreciates against USD again and the trifecta retail sales/FAI/industrial production prints disappointed slightly. The Shanghai Composite is currently down 0.5% going into the close at 2771 points,

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Macro Afternoon

A sea of red across Asian stock markets in response to Friday’s selloff in European banks as the Turkish financial worries grow. Emerging market currencies are being pummeled, plus the majors with offshore Yuan trading at a two week high, ready to break through the 7 handle while Yen is being bid up strongly on

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Macro Afternoon

A bad end to the week here in Asia, with the Australian dollar looking like the worst casualty, selling off quite smartly against USD, Yen, even Kiwi in reaction to the RBA’s monetary policy statement. Chinese stocks continue to fall in light of ongoing trade war tensions while emerging currencies like the Turkish Lira are

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Macro Afternoon

A hotter than expected Chinese CPI print has lifted stock markets outside of Japan, even as USD lifted against Yen throughout the session. Most action in currency markets was relegated to Kiwi after the RBNZ announcement this morning while gold continued its minor blip higher. The Shanghai Composite is having another volatile session, lifting almost 2%

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Macro Afternoon

Another mixed day here in Asia with most stock markets finishing in the red, failing to make good on the positive Wall Street lead overnight. A late safe haven run to Yen has seen the USDJPY pair bring down advancing Japanese markets, while the Aussie dollar remains above 74 cents. Yesterday’s reversal on the Shanghai Composite was

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Macro Afternoon

A lack of a weaker fix on the Chinese Yuan by the PBOC is possibly behind the decline in USD today, helping equities across the board – save for the ASX200 – as Chinese stocks rally. The USD is facing pressure against the Aussie and Yen while the oversold Euro has bounced back in anticipation

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Macro Afternoon

A generally negative day here in Asia, unable to translate the positive moood on Wall Street on Friday night as risk begins to crystallize once more despite a clear trajectory in interest rates and the US economy. Trade concerns remain elevated with commodities under pressure while the USD continues to strengthen against everything except the

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Macro Afternoon

Asian stocks are slipping going into the last session of the week and in preparation for tonight’s US unemployment print. A much lower Yuan devaluation has sent Chinese stocks down, capping off a very bad week while the USD remains strong against the Aussie, safe haven buying in Yen has kept the USDJPY pair flat.