Australian Shares

By Chris Becker  You could call activity on equity markets last week as a return to stability, but that’s a stretch, as confidence remains cratered.

Outside of China it’s been a poor finish to the week for Asian share markets, with the fallout from the US selloff and “bondcano” still being felt across the region.

The AUD is still weak this morning: Bonds are strongly bid: As XJO falls moderately: Big Iron is copping it: Big Gas too: Big Gold is OK.

By Chris Becker The correction is back as US stocks led the selloff overnight, Treasury yields came back slightly while the USD rose against most the majors as risk sentiment retreated back to the mean, with Yen getting the safe haven bid.

The bounce in equities has been shortlived with only the Australian market not dipping into the red this afternoon, with local employment data keeping the bears away for another day.

By Chris Becker USD came back to strength in the wake of the hawkish FOMC minutes, quickly taking the legs out from under the tentative bounceback in equity markets.

Finally, a decent rebound in stock prices in Asia, as markets follow the dual European/US mood and lift across the board.

AUD is holding the line today: Bonds are bid: Aussie shares have limped to a 1% gain despite wild gains overnight: Big Iron is down: Big Gas up.

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By Chris Becker Here comes the bounce with tech stocks leading the charge on Wall Street, exhausted selling on equity markets has turned into frantic short covering with big moves overnight.

A mixed day here in Asia which is better than red across the baord with Japanese stocks leading the way, pulling along local shares as the USD recovered slightly.

AUD is firm through the morning: Bonds are soft: XJO gapped higher at the open but has faded ever since: Big Iron is mixed: Dalian soft: Big Gas too: There are signs of life in Big Gold.

By Chris Becker Equity markets are still feeling the pressure with US stocks slipping following what looked like a positive session and rebound in Europe.

Despite the positive finish on Wall Street on Friday night, markets here in Asia are continuing to selloff as tensions mount in the Middle East with Saudi stock markets tanking on the weekend (about the only thing they get right is allowing trading on weekends!) plus a fallout from German and Italian political troubles.

By Chris Becker  A tumultous week on equity markets, spurred by the “Bondcano” as 10 year US Treasury yields continue to spike higher above the much vaunted 3% level.

DXY firmed, EUR and CNY fell Friday night: AUD was down a little: Market positioning is extremely short at -73.3k contracts.

Is sanity finally prevailing with Asian stocks up across the board today, presaging the end to the worst two days since February?

Mark this one down as hoocoodanode: Couldn’t have happened to a nicer firm.

AUD is still strong this morning, partly explained by a falling USD and partly by bullet-proof bulks: Aussie bonds have actually under-performed other nations during the correction.

DXY was hit hard last night as Donald Trump attacked the Fed.

By Chris Becker Red October continued overnight but the falls on equity markets are abating somewhat at the 1-2% per session level with volatility decreasing from sky high levels, but confidence is still nowhere to be seen.