Australian Shares

As we head into the end of the week, the bulls remain fully in charge on global stock markets with Asian bourses looking set to end on a good note across the board.

By Chris Becker It’s a bull market, that’s for sure as sentiment swung further into ebullience overnight with both sides of the Atlantic firing up their respective stock markets.

A mixed day here in Asia, with no strong positive follow through from overnight markets as a lack of economic data and any substantive change on the daily Yuan fix.

The Aussie dollar is off during the day: Bond yields have retreated as well raising the prospect of false breakout for the two year: XJO is falling modestly: Dalian is down given it priced the Chinese stimulus long ago: But Big Iron never did.

By Chris Becker A modest night for US stocks with European bourses taking the most risk as the recent rise in Euro and Pound Sterling moderated.

The Bank of Japan kept guidance and its policy intact today at the latest meeting, with no negative impact on Yen or stocks, as the rest of Asia continue the risk on mood from overnight markets.

Kind of.

By Chris Becker Markets are pretty much side stepping the Chinese/US trade tariff imbroglio, with tech stocks in the US leading the way as safe havens like Treasuries and Yen are sold off.

Asian stock markets have reacted in a positive fashion to the Trump tariff announcement, fading the news, although locally the ASX200 dropped as the Aussie dollar lept higher on the RBA minutes and the easing of trade tensions (i.e a known known).

A mixed start to the week here in Asia with Chinese bourses continuing to tumble on the back of increased rhetoric surrounding the trade spat between the US and China.

By Chris Becker  Another very interesting week on global markets as the potential for new trade deals is overshadowed by Trump’s insistence on smashing the Chinese with more tariffs.

A strong finish to the week here in Asia with all markets lifting across the region as the Chinese trifecta of economic prints – fixed asset invenstment, industrial production and retail sales – came in pretty much as expected.

By Chris Becker The ECB and BOE held fire overnight, but the interesting catalyst was the US CPI print for August, which came in lower than expected.

A big beat on unemployment today has spiked the Aussie dollar but sent local shares lower as Chinese markets move higher on the back of a slightly stronger Yuan.

By Chris Becker Trade talks overnight sent the USD from its lofty heights, helping the antipodean currencies which also benefited from higher commodity prices, while tech stocks fell slightly in the wake of Apples new phones as bank stocks also weighed on the US markets.

Not the expected sea of green here in Asia given the positive mood on Wall Street overnight with most bourses closing down for the day.

Here it is: …Here are four reasons for a little less optimism on Australian stocks: 1.

From Myer this morning: That’s your classic “throw in the kitchen sink” loss of the a new CEO.

By Chris Becker Again US stocks are rallying, hiding the rising caution in other risk markets, with tech stocks lifting alongside energy issues as the looming hurricane off the East coast of the US sent oil prices up nearly 3% higher.

A slightly better day here in Asia, but Chinese stocks remain in a funk as they stare down the short barrel of Trump’s hands on the tariff trigger.

By Chris Becker The malaise in Asian risk markets did not infect others overnight with bourses on both sides of the Atlantic closing higher overnight in the absence of bad news or economic catalysts.

DXY eased last night.