Australian Shares

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.

By Chris Becker The equity correction ramped up significantly overnight with big outsize falls on Wall Street, the NASDAQ off by more than 4% (although Tesla did well on its profitable quarter) while the broader S&P500 lost over 3%.

Stock markets continue their topsy turvy ride with a bounceback here in Asia following a very nervous night on Wall Street.

AUD has little bid today: Bonds are bid as well: ASX is falling again, worse as the day rolls on: Bullet-proof bulks keep on: Not Big Iron though: Big Gas is aflame.

By Chris Becker The equity correction continued overnight with steep falls on Wall Street that were barely covered by the end of the session, with oil prices cratering in the wake of the Saudi’s murderous own-goal.

DXY was down marginally overnight but is still challenging the top end of its range.

The dead cats are piling up faster than a PETA shelter can shovel them with equity markets in Asia in reversal mode in what has been a quiet day in terms of economic and geopolitical catalysts.

The SinoAmerican Cold War took a startling turn yesterday.