Australian Shares

A mixed session to start the week here in Asia, although dead cat’s are bouncing and rolling over here and there, the local market is soaring due to the pro-bank and pro-mining party getting voted in over the weekend.

By Chris Becker  On Friday afternoon I suggested we were seeing an alignment of dead cat bounces across risk markets – a clowder if you will – and Friday night saw US markets rollover as the USD spiked higher against almost everything.

Dead cat’s are bouncing everywhere as tensions between China and US ramp up again, with The Middle Kingdom complaining about the “little tricks”, sending Chinese stocks down and futures cratering for tonight’s open and close to the week.

By Chris Becker  Positive sentiment on risk markets is accelerating with some big advances on European markets matched by near 1% lifts across Wall Street overnight.

The bounceback is getting a bit wobbly here in Asia with confidence not returning in full as expected.

By Chris Becker  Sentiment was mixed overnight with stocks rising, but some disappointing US economic data pushed bond yields and risk currencies lower, Pound Sterling in particular pushed down to a new monthly low.

The bounce continues here in Asia with stocks up across the board while currency markets are steady as the USD firms.

The BofaML fundie survey was out overnight and as always makes great reading: • Investors are well-hedged but not positioned for a trade deal breakdown, and the full “risk-off”…rising recession risks, Fed cuts, GT10 <2%, SPX <2600, CNY >7.

By Chris Becker  Sentiment seemed to improve overnight with a bounceback in risk assets, with Wall Street closing about 1% higher although the USD firmed across the board.

Not the bath of blood that the media (and me!) expected with the continued fallout from the US/China trade war hitting risk markets across Asia, but with some reservation from the bears.

By Chris Becker  It’s all tumbling down as the Chinese retaliate with tariffs of their own against Trump’s ill-timed tweetery.

With no progress to report on the US/China trade talks and Trump thankfully still asleep (or his staffer’s have taken away his iPhone) there haven’t been any catalysts to upset markets on the open here in Asia today.

By Chris Becker  Risk sentiment is still mixed and despite Trump raising tariffs, the trade negotiations are continuing, leading to a near bifurcation in direction in Asian and non-Asian stock markets.

The tide may be changing with Chinese stocks rebounding to finish the week on a sweeter rather than sour note as optimism around the trade talks with the US climbs.

By Chris Becker  Risk sentiment remained sour overnight as the deadline for new tariffs on Chinese goods to the US is rapidly approaching.

The risk off sentiment is growing with Asian share markets falling across the board, except locally, as the USDJPY pair hits a three month low.

By Chris Becker  Risk markets are stabilising, somewhat, as the US/China trade war concerns ease slightly as Chinese trade officials arrive in the ‘States.

A sea of red across risk markets here in Asia as they continue to react to the Trump/China trade battle.

By Chris Becker  It’s getting boisterous out there in risk-land with 2% falls across Wall Street overnight as concerns mount over the failure of the US/China trade talks.

Finally a full session here in Asia as Japanese trader’s came back from the Golden Week as risk markets continued to react to the Trump/China trade battle.

By Chris Becker  There’s good volatility and bad volatility, and it all depends on your timeframe.

Trump is causing a ruckus on risk markets across Asia today with just two tweets – someone take that phone off that madman!

By Chris Becker  President Trump’s huuge announcement of more tariffs (with extra added deadlines!) on China has sent currency markets gapping down here in Asia on the early open, with S&P mini futures gapping 1% lower which will lead to commensurate falls on equity markets when they open this morning.

With mainland Chinese and Japanese stock markets closed its been a weak finish here in Asia going into the weekend with the Australian dollar making a new low, remaining under 70 cents while open stock markets basically returned scratch sessions.