Australian Shares

By Chris Becker The rout is on with European stocks pummeled overnight, dragging US bourses down with them as trade war contagion and emerging markets enter what looks like a bear market.

The reversal in mood has been short lived with a big selloff in Chinese stocks leading the region down, with only Australian shares not joining in.

Some thin-sliced Chanticleer today: …perhaps the best supporting evidence for Scott’s big Coles spin-off comes when you examine the returns on capital each division of this conglomerate is producing.

By Chris Becker Last night saw a mild reversal in sentiment over the ongoing emerging markets risks, with US stocks ending slightly higher as USD continued its appreciation against most of the undollars.

The fallout from the Turkish crisis continues here in Asia with stocks mixed across the region.

Amusing stuff today as the ASX decouples from Planet Earth.

By Chris Becker All eyes remain on Turkey as its failed currency and inability to repay foreign debts continues to push European bank stocks lower and USD higher against everything else.

A sea of red across Asian stock markets in response to Friday’s selloff in European banks as the Turkish financial worries grow.

The AUD is at new two year lows this morning: Looks like the next supports are down in the mid-71 cents range.

By Chris Becker  Beyond the growing trade war with Chimerica, a banking crisis in Turkey on Friday night capped off a volatile week on global markets, with the USD re-asserting itself as the safe haven of choice.

A bad end to the week here in Asia, with the Australian dollar looking like the worst casualty, selling off quite smartly against USD, Yen, even Kiwi in reaction to the RBA’s monetary policy statement.

By Chris Becker Yet another muted night on risk markets with European stocks largely positive before the US open, where only tech stocks and small caps advanced as the bigger issues dragged the headlines back to scratch sessions.

A hotter than expected Chinese CPI print has lifted stock markets outside of Japan, even as USD lifted against Yen throughout the session.

By Chris Becker Another muted night on share markets on both sides of the Atlantic, with scratch sessions the name of the game as traders digest the latest tit-for-tat battles in the ongoing Trump trade war.

Another mixed day here in Asia with most stock markets finishing in the red, failing to make good on the positive Wall Street lead overnight.

By Chris Becker A relatively quiet night on share markets on both sides of the Atlantic, with modest rises across the board.

A lack of a weaker fix on the Chinese Yuan by the PBOC is possibly behind the decline in USD today, helping equities across the board – save for the ASX200 – as Chinese stocks rally.

By Chris Becker US stocks returned to their January highs last night on the back of stellar results from Warren Buffett’s Berkshire Hathaway behemoth.

A generally negative day here in Asia, unable to translate the positive moood on Wall Street on Friday night as risk begins to crystallize once more despite a clear trajectory in interest rates and the US economy.

By Chris Becker  Friday night saw the release of US jobs data, which had a disappointing headline number but overall was positive, giving stocks a boost and setting the signal for a September rate rise by the Fed.

Asian stocks are slipping going into the last session of the week and in preparation for tonight’s US unemployment print.

By Chris Becker A hail mary late session rally saved US stocks overnight, lead by the Apple Trillion Headline, but overshadowing everything is the ramping up of the trade war between the US and China.

Asian stocks fell across the board in response to the continued tariff regime set to be imposed by the Trump Administration, hardest hit were Chinese bourses, but their satellites including the ASX200 suffered as well.

By Chris Becker Commodities were hit hard overnight as the new round of Trump tariffs against China were verified, along with a hawkish Fed meeting where further interest rate rises are literally around the corner in September.