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
Mixed conditions across Asian stocks markets today with Chinese markets absorbing the trifecta of economic prints without much fuss while Japanese bourses advanced on a selloff in Yen. The Australian dollar still wants to move higher almost breaking through 72 cents and a new weekly high. The Shanghai Composite has floated along to close only a handful
By Chris Becker Last night saw risk markets try to breakout of its recent contained mood with US stocks putting in scratch sessions as European bourses found some more risk as Euro and Pound Sterling retreated against USD. Industrial production figures from the US is partly to blame on the spoiling mood while the German ZEW Survey
A lot better conditions here in Asia today with Chinese markets rebounding on the expectation of much better economic data while the Australian dollar was the biggest currency mover on the release of the RBA Minutes, sending the Pacific Peso down over 30 pips. The Shanghai Composite has rebounded sharply by climbing over 2% to close
By Chris Becker Last night saw risk markets in a contained mood without much activity with both sides of the Atlantic putting in scratch sessions on stock markets while currencies were range bound as no significant economic events were reported. Treasury yields were also relatively unchanged with Fed futures still stuck on an even chance
Outside China it’s been a fairly good run across stock markets here in Asia to start the week, absorbing the weekend news and lifting on the risk-on Friday mood. The USD continues to weaken against almost everything but gold, which is facing a near three month low as buying support evaporates. The Shanghai Composite has
There have been a number of commentators who have made the point that we have inflation in things we need (housing, utilities, fruit&veg, hospital services) and disinflation in things that we want (ice cream, TVs, cars, washing machines etc): But this isn’t the full story. Of the eleven main categories that the Australian Bureau of
By Chris Becker Friday night saw US stock markets rise on the back of strong bank earnings to a new six month high. US Treasury yields rose past the 2.5% barrier again while the USD fell against everything but Yen, confirming the risk on mood. Looking first at the Asian session on Friday which saw
Another very mixed session here in Asia as traders position themselves before US earnings tonight with the overnight surge in USD continuing against the commodity currencies, although Euro is coming back late in the session. The Shanghai Composite is set to close below 3200 points again, putting in a scratch session while the Hang Seng Index has continued
By Chris Becker A big surge in USD overnight took the wind out of US stocks with Wall Street’s anticipated earnings season looking at a shaky start. The delayed Brexit result has seen volatility in Pound Sterling reduce, but the German government’s slashing of growth forecasts took the floor out of Euro. Today’s RBA Financial
Another mixed session here in Asia with Chinese stocks retreating the most, while Japanese bourses stabilised, local markets were wary of the Scomo election call, with the Australian dollar tapering slightly from its overnight surge. The Shanghai Composite has closed 1.5% lower to just below 3200 points, reacting poorly to the expected CPI print, while the Hang
Via Shane Oliver: The Federal Election Some might be forgiven for thinking the wheels have fallen off Australian politics over the past decade with the same number of PM changes as Italy, a fractured Senate and “minority government” at times making sensible visionary long-term policy making hard. With the May 18 Federal Election offering a
By Chris Becker Overnight markets rebounded slightly with US equities leading the charge as the latest FOMC minutes repeated a “patient stance” while core inflation data was subdued, leading to falls in Treasury bond yields and the US dollar. The ECB held fire but again noted downside risks to growth, with the Euro and Pound
Its a mixed reaction across risk markets here in Asia after the dip in stock markets overnight with Japanese stocks the only bourses in retreat, while undollar assets like gold, Aussie and Kiwi all advance against the USD. The Shanghai Composite has closed up a couple of points to 3240, starting in the red but still
By Chris Becker It only took Trump throwing his weight around with more threats of tariffs on Europe offsetting the potential year long delay of Brexit overnight. Not helping was the IMF again dropping its growth forecasts which sent US Treasury yields dropping substantially as currencies were somewhat volatile but finished the day almost unchanged.
Stock markets have had a generally positive day across Asia, mimicking the small advances on Wall Street overnight as the USD slipped against the majors, although a stronger Yen continues to provide a headwind to Japanese stocks. The Shanghai Composite has closed down a couple of points to 3239, still unable to gain any headway following
By Chris Becker Volatility was subdued on overnight markets with the lack of any real news apart from growing instability in Libya which saw oil prices spike, while the USD retreated slightly alongside US Treasuries. With a Brexit deadline stretched further and no news = no volatility, Pound Sterling was largely unmoved, although Euro pipped
Risk markets have reopened across Asia after the weekend gap and its been a mixed session for stock markets with Japanese bourses retreating while the local ASX200 rebounded after its stumbling finish on Friday night. The USD has firmed against the majors except Yen which has strengthened, hence the drop in Japanese domestic stocks. The
By Chris Becker Stronger than expected US non-farm payrolls (employment) numbers on Friday night buoyed stocks across both sides of the Atlantic, while the USD firmed alongside bonds with Treasury yields falling across the curve. PM May asked for an extension to the Brexit debacle while backroom shenanigans keep Pound Sterling volatile and Asia-based traders
Stock markets across Asia are mixed with the local ASX200 retreating while Chinese stock markets are closed for a holiday as Japanese bourses lift slightly. The USD is weakening going into tonight’s US unemployment print with Pound Sterling rising the sharpest. US and Eurostoxx futures are slowly rising going into tonight’s session with the four hourly chart of the S&P 500
By Chris Becker With risk now focusing on tonights US non-farm payrolls (employment) numbers, the bond market stabilised while US stocks stalled at their yearly highs as the ongoing Brexit talks, deals, votes and back stabbing continues apace. Looking first at the Asian session yesterday, where the Shanghai Composite lifted nearly 1% to remain well
Stock markets are mixed across Asia as this bull rally takes a small pause with the ASX200 the biggest loser as the Australian dollar remains elevated post Budget night. The Shanghai Composite is up 0.9% going into the close at 3244 points, while the Hong Kong Hang Seng Index has retreated 0.5% to 29821 points after getting
By Chris Becker Risk markets have extended their rally overnight as the USD wanes against the undollar majors, although gold remains stalled, Pound Sterling made a weekly high on the back of another failed Brexit vote. The European wide services PMI print was not as disappointing as expected, although the US ISM version hit an
Stock markets here in Asia keep advancing on hopes that a US/China trade deal can be announced soon with the USD losing ground against all the majors, particularly Pound Sterling, while gold remains in the doldrums, Bitcoin is moving closer to $5000USD. The Shanghai Composite is up over 1% going into the close to remain above
A big breakout in Bitcoin is dominating the market wires this afternoon as Asian stock markets continue to rally as risk sentiment improves, despite the woeful mishandling of Brexit overnight in the UK parliament. The RBA meeting came and went with no change except in language which saw the Aussie dollar fall below 71 cents
By Chris Becker It was a busy night on risk markets with the ongoing Brexit saga only providing profit to traders (and not much sleep!) as the UK Parliament again showed how sad the whole situation is with another “nuh-huh” vote on, well anything. Economic prints came back better than expected in the US with
A big surge across the board here in Asia in response to the positive finish to the week on Friday night on Wall Street with Chinese stocks leading the way. The USD has retreated against the risk currencies, namely Kiwi and Australian dollar, but gapped higher against Yen, supporting the risk on mood. The Shanghai
By Chris Becker A tumultous week on risk markets, with the Brexit saga leading the way as volatility on bond markets continues to push stocks and currencies around. The week ended on a much better note with US markets rallying behind hopes for a final deal on US/China trade, even though economic data continued to
A much better than expected finish to the week here in Asia for share markets, with Chinese bourses leading the way while Japanese markets finally gain some strength following the USD wide rally that is suppressing Yen in the main. The Australian dollar remains stubborn while the Kiwi is also trying to get off its self
By Chris Becker Supposed good news surrounding the US/China trade talks plus an easing in the US Treasury bond rally saw a bid in risk sentiment overnight, with US stocks rallying while European bourses lingered. Gold sharply reversed alongside Pound Sterling as the Brexit stalemate continued. Looking first at the Asian session yesterday, where Chinese stocks
