Australian Shares

A somewhat mixed end to the week here in Asia with most stock markets rising the wave of confidence that has set in on Wall Street earlier.

By Chris Becker Reports of a potential Brexit deal, plus solid earnings by Apple overnight saw the risk sentiment shift higher, with the USD the main casualty.

Outside Japan it’s been a positive session on Asian stock markets today with domestic earnings troubles and a slightly stronger Yen the headwinds. The rest of the region is continuing the overnight bounce from Wall Street as traders struggle to build their confidence after an awful (if you’re long only) October.

AUD is up a bit this morning: Bonds are selling: XJO is up moderately: And it is all about dirt.

Some nice charts from Damien Bey as Credit Suisse give us context: Credit Suisse’s proprietary measure of risk appetite very briefly entered panic in mid-August 2018.

By Chris Becker Overnight saw a continuation of the equity bounce with US shares up nearly 2% while the USD firmed against all the majors and Treasury yields remained at their lofty highs.

The bounce is here in full with a sea of green across Asian stock markets today, navigating through a steady BOJ interest rate meeting and a somewhat disappointing Chinese manufacturing PMI print.

The AUD is still far stronger than it should be today as the one-two punches of weak inflation and China PMIs sank it a miserly 30bps.

By Chris Becker Overnight saw a big bounce on Wall Street late in the session, as commodity prices retreating on continued US-Chinese trade talks.

Here comes President Trump to save the day – so goes the refrain, even though the blame for this correction lays squarely in his ample lap.

By Chris Becker Another volatile night on markets with European stocks leading a bounceback that then faltered before crashing on Wall Street with a very late “Hail Mary” recovery in the last hour of trading.

DXY was up again last night.

Quite a mixed start to the week here in Asia with mainland Chinese stocks falling swiftly, while the rest of the region is putting on minor gains, the ASX200 the standout, as some confidence returns.

By Chris Becker  It’s not been a good week if you’re a long only holder of stocks, with rising volatility spilling over into some frenetic selling on Wall Street and other interconnected markets.

It’s not been the bounceback that we expected here in Asia with mixed results on stock markets across the region.

AUD is just hanging around this morning: Bonds are soft: XJO is king hit and knocked out cold.

I am bemused by those endlessly calling US tech a bubble.

By Chris Becker Another bounceback overnight but will it stick as stock markets remain in shock with too may series of volatile sessions starting to exhaust traders (me included).

DXY is breaking out.

It’s been a tough day for the long only crowd in Asian shares across the region, with falls of a similar magnitude to those of Wall Street overnight.