Australian Shares

By Chris Becker  Risk markets remained unconvinced of any real development in the US/China trade war as Trump gets called out on his bald-faced lies following the G7 meeting.

A bit of hope and optimism is sneaking into Asian share markets today following the reversal on Wall Street overnight, although continued protests in Hong Kong are weighing locally.

By Chris Becker  The dead cat bounce had some kittens overnight with the US and China looking to return to the negotiating table before the trade war re-ignites again.

Not quite a bath of blood, but its been a red day across Asian stock markets in the delayed weekend response to the tremendous selloff on Wall Street on Friday night.

By Chris Becker  The dead cat bounce is now over as the orange mirkin couldn’t put any life back in, swamping the Chinese with tariffs and a tirade on Friday night, sending Wall Street into a frenzy.

Asian stocks have shrugged off the poor confidence from overnight and are bidding higher going into the weekend close.

Via Bloomie comes Satyajit Das: But the unusual size of the moves — regularly on the order of 1 per cent to 3 per cent — is being heightened by something else: the struggle to find someone with whom to trade.

By Chris Becker  No room for optimism on overseas markets last night as the lack of direction in Asia yesterday translated into mild selling on both sides of the Atlantic.

Stock markets in Asia are oscillating between small losses and tiny gains, with traders looking to the Fed again as it holds it symposium tonight in Wyoming.

By Chris Becker  Some more stability or instability depending on your point of view returned to equity markets overnight with the Fed minutes absorbed without much fuss as no bad macro news equating to higher risk sentiment.

The bounce has deflated here in Asia although Chinese stocks are just holding on to the inversion in risk sentiment overnight with the USD gaining slightly today.

By Chris Becker  The bounce is over!

The bounce continues as stock markets across Asia lift again following last night’s rally on Wall Street, with the currency market relatively quiet although some USD weakness has crept in late in the session.

The bounce is on as equity markets in Asia catch up to the relief rally from Wall Street on Friday night, with the bond market selling off slightly, temporarily staving off concerns over yield curve inversions.

Via Morgan Stanley today As regular readers know, Morgan Stanley is pretty bearish on global risk assets. This applies to emerging markets (EM) too, where we’ve been calling for wider credit spreads, weaker EM currencies, particularly in Asia, and lower equity prices.

By Chris Becker  No news means good news for risk markets with Wall Street rallying on Friday night, with currency markets stabilising although Pound Sterling got a bit excited on more hard line Brexit gyrations.

Some stability has returned to risk markets as bond yields rise slightly while the USD firms against commodity proxies and the Yuan proper.

By Chris Becker  Risk markets remain teetering on the edge overnight with US stocks treading water, buoyed by a better than expected retail sales print, as traders work out what to do in the face of global recession fears.

A bath of blood on Australian share markets with the rest of the region escaping most of the volatility today, following big falls on Wall Street overnight.

From BKL: I know nothing about this stock but I know a bad chart when I see one.

By Chris Becker  The dead cat is quite dead, its not resting.