Australian Shares

Is realestate.com.au the ideal housing bust short?

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.

A sea of red across Asian stock markets today, once again showing how interconnected risk is, particularly as we move into the “scariest” month of all – October!

The AUD is getting creamed this morning, sinking right to the lows: XJO is off -2%: Bonds are bid: Big Iron is down -2% as well: Big Gas a lot more: Big Gold is mixed: Big Mortgage is in free fall.

By Chris Becker A bath of blood on overnight markets with US stocks falling nearly 4% and European bourses losing at least 2% with oil and commodity prices also cratering.

Whoops!

A slightly positive result across Asian share markets today, with the USD weakening against everything except Yuan, which fell slightly due to the PBOC fix.

The Aussie dollar is roaring higher this morning as the bulks roar and consumer confidence was OK: We can expect to see these squeezes continue on any good news given the market is so short.

There is no stopping it.

By Chris Becker Action on risk markets overnight was two fold with USD reversing against most of the majors while US Treasury yields initially spiked before also consolidating as buyers stepped in.

Another sea of red on Asian markets again as the lack of a lead from the US and continued concern over rising interest rates keep risk off the table.