Australian Shares

In response to the surge on Wall Street overnight, Asian share markets have the main echoed the returns with mainland Chinese stocks the only fly in the ointment.

By Chris Becker  Wall Street rebounded fiercely overnight on the back of the Powell Put with lower rates definitely on the agenda for the Fed in 2019.

While all local eyes were on the RBA, which made its first move in interest rates in three years, the region was focused on macro issues particularly trade with all the action in bond markets as traders remain jittery.

Via the excellent Damien Boey at Credit Suisse: We have just published our latest thoughts on global style rotation and its implications for Australian stocks.

By Chris Becker  Wall Street was all over the place last night after European markets improved following a dour start to the week here in Asia.

Following the ugly finish to last week on risk markets around the world, a new month and season hasn’t seen any fresh starts here in Asia as shares extend their slide across the region.

An ugly finish to the week here in Asia as share markets tumble in the wake of Trump’s Mexican tariffs and the growing discord in North Korea and the Chinese trade talks.

It’s all on the broad shoulders of Scummo now.

By Chris Becker  Stock markets were a little calmer overnight as the US GDP print came in strong as expected, although revised a little lower.

Asian share markets remain on the backfoot can continue to follow the risk-off mood with falls across the region as the USD remains strong against all the majors, except the Australian dollar which has remained resilient despite a slew of bad economic prints today.

By Chris Becker  Risk sentiment is now in a very poor place with further falls on both sides of the Atlantic overnight, the S&P500 critically falling below the key 2800 point support level as European stocks reacted negatively to the uptick in German unemployment.

Asian share markets are on the backfoot following the dour return of Wall Street overnight with falls across the region as the USD regains against all the majors, with safe haven buying in Yen the biggest move as the Australian dollar teeters on edge.

By Chris Becker  Traders in the US didn’t like the long weekend break despite a lift in local consumer confidence with tensions over the ongoing trade dispute with China causing much angst.

Asian share markets are gaining in confidence despite the lack of a lead from a closed Wall Street overnight with the USD slipping against all the majors, as the PBOC let the Yuan weaken again today.

The Australian dollar is a little bid through the morning as iron ore flushes cash into everything Aussie: XJO too: Bonds not so much, with curve steepening still elusive: Dalian is flat after another overnight party: But Big Iron is up and away.

By Chris Becker  With the long weekend at hand in the US and UK markets closed as well, the focus was on the European continent as markets reacted to the EU parliamentary elections.

Asian share markets have started the week in a generally upbeat mood, save for the ASX200 which finished with a scratch session due to a bounceback in the Australian dollar.

Via Macquarie equities: “multiple catalysts [have] improved the domestic growth outlook”.

Authored by Michael Zezas, Chief Public Policy strategist at Morgan Stanley: Investors are obsessed, trying to figure out what happens next in the US/China trade dispute.

Via Zero Hedge: Unfortunately for Horseman investors, in April the fund suffered a 12.23% drop as the market melted up just ahead of Trump’s renewed trade and tech war on Beijing and Huawei.

By Chris Becker  With the long weekend at hand in the US, risk markets on Friday night finished the week in a slightly upbeat mood, more in relief than in actual rebirth of the former risk rally.

Finally a better day on Asian share markets with mixed results to finish the week, as risk sentiment remains very cautious.

By Chris Becker  Risk markets have shown their hand with the “Sell in May” popular crowd working their magic on Wall Street overnight as the US/China trade war heats up over Huawei again.

Not a happy day on Asian share markets with a sea of red across the board, as risk sentiment remains very cautious with no good news emanating from the US/China trade war.