Australian Shares

The poor showing in European stocks overnight has led to a mild selloff on Asian stock markets, not helped by the still closed Chinese bourses.

By Chris Becker A long weekend in the US is not giving risk markets confidence as European stocks sold off slightly overnight as did German bunds and other sovereign bonds.

A flat start to the week in currencyland but stocks are poised to build on their recovery gains from last week, even in the absence of trading in China due to the NY celebrations and Wall Street tonight due to President’s Day.

By Chris Becker  The recovery continues, particularly on US stocks as 2018 brings forth more volatility and hence more opportunity.

A mixed end to the week here in Asia with Japanese stocks catching up to the rebound, Chinese bourses closed for NY celebrations and the ASX200 lagging as industrials and media stocks selloff going into the weekend.

The AUD is still holding off a very weak DXY: Bonds are stable: XJO is up a little but sticking to its gloom: Big Iron is off after a big bounce yesterday: Big Gas has more falls ahead despite the USD: Big Gold is down but I’m flipping over.

By Chris Becker As US Treasury yields march onward to the 3% level, risk markets are heading back to their jubilant highs with US stocks rallying strongly as European bourses put in much smaller gains.

Its all systems go in risk markets here in Asia today as the solid night on Wall Street translated into outsized gains for stocks.

By Chris Becker A slew of very positive economic data overnight with the US CPI overshooting, EZ wide GDP was strong, German growth was stronger, as was industrial production.

Another mixed day across Asia with only Chinese stocks rallying as the more correlated risk markets prepare for some serious economic releases.

The AUD is stable today: Bonds a little bid: XJO is off a touch: But there’s some cycling as Big Iron bounces: With Dalian: Big Gas keeps falling: Big Gold takes a breather: But Big Sleazy remains weak as CBA goes ex-div.

By Chris Becker After a poor lead from Europe, US stocks looked like returning to their corrective phase overnight before a late surge saw minor advances as the USD continued to fall against the majors.

A slightly better day here in Asia on stock markets, although Japanese bourses are spoiling the party as the Yen continues to appreciate.

The AUD is off during the day: Bond are bid: The ASX is only up modestly despite the big global bounce: Big Iron is leading the way: Big Gas is a bust with more pain ahead: Big Gold is bid but still a sell for me: Big Sleazy is the real worry.

By Chris Becker Everything is awesome as US stocks continued their Friday rebound rally last night, dragging European markets along for the ride.

So we start the week here in Asia tentatively with some positive news coming out of Korea viz the Olympics and potential US talks with North Korea.

The Aussie dollar is up with risk: And bonds are falling on the same: But the ASX isn’t buying it.

Via Goldman’s Brian Levine: Thought I’d consolidate a bunch of thoughts and themes gathered throughout the week and try to make some sense out of the 10% correction we’ve seen the past two weeks from a market that had gone a record period of time without even a 5% drawdown!

By Chris Becker  2018 is getting interesting as we head into the second and possibly third week of a major correction of heavily correlated risk markets.

DXY lifted modestly Friday night: AUD rebounded with risk against DMs: Was mixed against EMs: Gold struggled: Oil was crushed: Base metals fell: Big miners lifted anyway: EM stocks rebounded: Junk didn’t: Treasuries were bid and the curve steepened: Same for bunds: European stocks were crushed.

Another interesting day here in Asia with Chinese stocks smacked down even though the latest CPI print came in bang on target, the risk off night in Wall Street has spooked markets across the region today.

By Chris Becker Can you smell that?

A less volatile session today here in Asia with most markets advancing, although the action was centered in China with the yuan falling on the back of poor trade data, taking mainland stocks with it.

Via RT: Everyone who’s asking “why did the stock market crash Monday?” is asking the wrong question. The real poser is “why did it take so long for this crash to happen?” The crash itself was significant—Donald Trump’s favorite index, the Dow Jones Industrial (DJIA) fell 4.6 percent in one day.

The Australian dollar continues to fall: XJO too: Bonds bidish: Big Iron is down sharply: Big Gas too as US shale roars.