Australian Shares

By Chris Becker  The NASDAQ stumbled overnight, mainly due to Netflix and Facebook finally taking some profit, while Tesla kept zooming higher, but the rest of risk complex is taking a deep breath at the moment as Fed Chair Powell announced different inflation targeting in his speech overnight.

by Chris Becker Mixed sessions again here in Asia as share markets wait with baited breath for Fed Chair Powell to have a say at the virtual Jackson Hole meeting later today, with European and US futures down a little as the sidelines get crowded.

By Chris Becker  The record highs on Wall Street keep coming while European shares overcame their recent hesitation as the US durable goods order came in higher than expected, bolstered by some Federal Reserve officials take on the stock market and economy.

by Chris Becker Asian share markets have been unable to translate the wild ride on Wall Street into anything tangible, instead following the flat European lead.

Via FTAlphaville: There are several things we expect FT Alphaville readers to know.

By Chris Becker  The record highs on Wall Street keep coming while European shares found some hesitation even as the closely watched IFO survey came in strong as the continental recovery seems on track – bar a second wave of COVID-19.

by Chris Becker Asian share markets are broadly gaining in line with European and American stocks overnight, with better US/China relations the perceived catalyst.

Via Shane Oliver: Share markets have had a spectacular rebound from their March lows.

By Chris Becker  More record highs on Wall Street as already discounted positive news about COVID-19 therapeutic treatment was doubled down again, this time across Europe with the much higher USD helping offset domestic currencies.

by Chris Becker Asian share markets have seen a modest start to the trading week with mild up sessions almost in line with Wall Street’s lead from Friday night.

Via UBS: More beats than misses, guidance and earnings revisions less negative 110 ASX 200 stocks have reported, while 63 ASX 100 stocks have reported (out of 86 due to report). Price reactions to results have been largely positive, with EPS beats being rewarded, but EPS misses not being punished (Figure7).

By Chris Becker  More record highs on Wall Street on Friday night with a slowdown in new COVID-19 cases and better than expected PMIs lifting sentiment across the board although again, European share markets are hesitant at best.

by Chris Becker Asian share markets have had a quasi successful end to the week, but the hesitation in following the razor thin breadth on Wall Street is obvious.

By Chris Becker  More Americans out of work?

by Chris Becker Asian share markets are falling sharply across the region today in response to the mild retreat on Wall Street overnight in the wake of the latest FOMC minutes.

By Chris Becker  It was the return of King Dollar overnight as the USD strengthened against all, smacking gold down nearly $80USD per ounce in the process, pulling the Australian dollar and others in the process as Wall Street stumbled.

by Chris Becker Outside China its been a pretty good day for stock markets across Asia today, following through on the advances on Wall Street overnight, with Australian stocks still cheered on as earnings season rolls by.

By Chris Becker  Wall Street was again pushed higher by tech stocks as the NASDAQ nearly up 1%, as the USD fell to a new two year low against almost everything as the risk complex sharpens its concentration into bubble like territory with Treasury yields also down to record lows.

by Chris Becker Stock markets are again mixed across Asia, with a failure to make any advances despite Wall Street lifting overnight, although Australian stocks were cheered on as earnings season made a few surprises.

Ask Goldman: Back to the future.

by Chris Becker Stock markets are quite mixed across Asia, with Chinese stocks leading the way due to PBOC injections while the rest of the region is slumping from the poor confidence on Wall Street’s close on Friday night.

Via FTAlphaville: FT Alphaville is currently beavering away on a number of longer-term projects, which we hope to share with you soon, so sorry for the relative radio silence.