Australian Shares

The G20 and the trade war truce between China and the US has lifted risk spirits despite a slew of very poor manufacturing PMIs released in Asia today.

By Chris Becker  Friday night saw the return of confidence as the G20 meeting got underway in Osaka, with hope surrounding some sort of outcome of the trade spat between the US and China.

Despite the positive lead from Wall Street, Asian markets are very cautious going into the G20 summit this weekend in Osaka, with traders awaiting the foot in mouth US President to probably foul up the talks.

By Chris Becker  Hope is rising on risk markets that this weekend’s G20 summit – more rightly a G2 summit between US and China – will result in some sort of ceasefire at least over the trade war.

Despite the mixed lead from Wall Street overnight, sentiment has risen here in Asia with more positive comments surrounding Chinese trade talks as the G20 approaches.

Via the ABC: Christopher Pyne’s new job has put his old boss, Scott Morrison, under pressure to reprimand him amid accusations it is a breach of ministerial standards.

By Chris Becker  Two major factors are keeping markets enthralled at the moment, resulting in scratch sessions for stocks and the usual normal oscillation on currencies.

Asian stock markets haven’t reacted at the same level as Wall Street’s falls overnight, with some moderate buyers stepping in as Treasury yields lift a little higher.

By Chris Becker  Risk sentiment was pushed lower overnight as the less dovish Fed and a slump in new home sales saw a selloff across Wall Street with tech stocks leading the way.

Risk sentiment is falling quickly here in Asia with most share markets taking a dive.

By Chris Becker  Risk sentiment in overnight markets remained cautious, with interest rates falling again, pulling the USD down while lifting gold to another new record high.

Asian share markets are literally treading water while currencies are the only movers as traders try to find their feet at the start of the trading week.

Via Damien Boey at Credit Suisse: The RBA has just released a paper about the history of the Australian equities.

By Chris Becker  Risk markets are on edge with tensions in the Gulf over Iran and trigger finger Trump, overshadowing the poor manufacturing PMI prints on both sides of the Atlantic.

Asian share markets are loving the possibility of the end of the US/China trade squabbles and the hope of more stimulus down a multitude of pipelines stretching from Europe, the US and China and back again.

By Chris Becker  A big night on risk markets with stocks breaking out of their funk on Wall Street, helped along by the notion that Trump maybe visiting the Chinese Premier next week.

Asian share markets continue their mixed start to the trading week as risk markets continue to wait the latest from the tanker attacks in the Gulf and the upcoming FOMC Meeting on Wednesday.

By Chris Becker  Stocks pushed slightly higher on Wall Street overnight, following a mixed session in Europe where risk markets remain poised before tomorrow nights FOMC Meeting.

Asian share markets have started the week on a mixed note, continuing the confused Friday session as risk markets await the latest from the tanker attacks in the Gulf and the upcoming FOMC Meeting on Wednesday.

By Chris Becker  Friday night on Wall Street was a mixed bag with strong retail figures pushing the USD and interest rates up, with revisions on previous months also lifted, giving watchers less hope that the Fed will pull down interest rates sooner if the US consumer is still strong.

Asian share markets have finished the week on a mixed note with Chinese bourses falling in the wake of weaker industrial production growth numbers while gold has spiked to a new monthly high despite a much stronger USD.

By Chris Becker  A relatively quiet night on markets with stocks and other risk assets rising slightly, while Treasury yields fell as the probability of the Federal Reserve cutting rates rose.

Asian share markets responded in kind to the poor mood on Wall Street overnight with the focus on rising tensions in Hong Kong and global trade concerns to blame.

By Chris Becker  A lot of ructions overnight, first being Trump putting his foot in his mouth again over German sanctions, sending Euro lower, while increased tensions over trade with China saw confidence evaporate on Wall Street.