Australian Shares

Asian stocks have been mixed throughout the session today as trading volume dries up in preparation for the US Thanksgiving holiday as risk sentiment remains fragile.

AUD is down during the day as ANZ shook up interest rate markets: Aussie bonds are well bid: XJO is off the canvas: Big Iron is mixed: Big Gas dead cat: Gold off: Big Bank dead cat: Big Realty dead cat: Just wait until the market wakes up to the RBA’s utter stupidity.

By Chris Becker Risk markets stabilised somewhat overnight with US tech stocks leading a slight recovery on Wall Street while oil prices stopped falling and US Treasury yields blipped a few points higher.

Asian stocks didn’t perform as badly as predicted, still losing ground but not in the magnitude of the falls on Wall Street and the continent overnight.

Via Bloomie: Australia’s stock market, the worst performer in the Asia-Pacific region in the past three months, needs signs of a thaw in the U.S.-China trade spat to spur a year-end rally.

By Chris Becker Dead cats are piling up on Wall Street, led by tech stocks with Apple down nearly 4% with European tech issues also pulling markets down across the Atlantic.

DXY roared back last night as risk off reigns.

Following the rout in tech stocks in the US overnight, Asian bourses have fallen throughout the session as risk appetite dissapates.

Stock markets in Asia are generally in a positive mood, absorbing the failed APEC conference with aplomb and the notably volatile Brexit drama from the weekend.

AUD opened weak this morning but has squeezed higher ever since the still epic short is squeezed: Bonds are bid: XJO is weak: Big Iron is up: Big Oil is down: Big Gold strong: Big Banks are still in free fall: Big Property has lifted with the DHG approval.

By Chris Becker  Market sentiment remains cautious as we end into the final trading weeks of the year with US stocks barely lifting on Friday night amid more tensions in Europe over the Brexit drama saw continental bourses drop once more.

Most stock markets here in Asia look like finishing the week on a high note, save Japanese bourses as Yen buyers doubled down throughout the session, hurting domestic stocks.

Massive housing bust short, Wesfarmers, wants to blame everyone but itself.

By Chris Becker The Brexit saga could not overshadow risk appetite overnight with US stocks finally rebounding after a staid week, helped by a very strong advanced retail sales print and some “easy” Fed speeches possibly putting brakes on an unrelenting rising rate policy.

Stocks are higher here in Asia despite the mixed mood from overnight, with Chinese equities leading the way.

This morning’s still solid jobs report was enough puke Aussie short positions: Bonds are sold too.

By Chris Becker Another poor night for equity markets with news of the Brexit deal impacting European bourses in a perverse way, rallying before realising it’s not that good and selling off into the close.

Stocks across the region were mixed today with the local bourse falling nearly 2% on the back of another rout in banks, while the trifecta of Chinese data also proved a little dicey even though on most metrics they were good figures.

AUD has been firm this morning on US/China trade hopes and consumer sentiment.

DXY was off little last night.

By Chris Becker Two catalysts overnight that would normally be positive couldn’t turn around the risk off mood with US stocks stalling after European markets jumped near the close as a Brexit deal was hatched out.