Australian Shares

By Chris Becker We’re in correction territory now as major markets can’t get over round after round of tariff tit-for-tat, culminating last night in Daimler’s profit warning which sent European markets reeling.

Via the AFR: The ASX hits a 10-year high in the middle of a ramping trade war between the United States and our most important trading partner, China.

You’d think everything is fine outside Australia, but emerging markets and a higher USD are dragging risk markets across the region down.

By Chris Becker What trade war?

Is it all systems go on risk markets again?

By Chris Becker Risk markets continue to reel from the growing trade war as it seems the Trump administration is not going to back down from its scattergun approach and paring back over 30 years of international trade agreements over the course of a few weeks!

Well now its getting interesting!

By Chris Becker A lacklustre night on risk markets in the absence of economic catalysts as traders continue to weigh up the risks of a growing trade war and OPEC makes moves to shore up the flagging oil price.

Subdued trading in Asia today with Chinese stock markets closed, as Japanese did the heavy lifting, taking the poor Friday night Wall Street lead and running with it.

AUD is down through the morning: As DXY threatens breakout of an inverse head and shoulders bottom: Bonds are bid: XJO is down a little: But Big Iron is bashed (Dalian is shut): Big Gas is down: And Big Gold: Big Scum has caught a break as yields fall.

By Chris Becker  Another interesting week on risk markets capped by a solid selloff in commodities on Friday night as the USD regained its strength.

A mixed end to a big week here in Asia with only Australian stocks putting on a solid bid, although Japanese stocks rallied later in the afternoon as Governor Kuroda was upbeat about Japanese growth prospects.

By Chris Becker European stocks soared overnight as the Euro tumbled in the wake of the ECB meeting where Super Mario surprised all by announcing absolutely no rate rises for at least 12 months, most likely foreshadowing the next series of trade wars with the US.

An unimpressive result from the Chinese trifecta of mid tier data, alongside a poor lead from Wall Street overnight saw Asian stocks sell off across the board.

AUD is stable through the morning: Bonds are bid: XJO is flat: Dalian too: Big iron is rebounding: Big Gas is down: Big Gold is mixed: The CBA free fall below broken support continues.

By Chris Becker Well the FOMC meeting has come and gone with risk markets volatile on the admission the Fed is looking to steepen its rate rise agenda.

Asian stock markets have reverted to a risk-off attitude mainly due to the forthcoming FOMC meeting tonight or in a very short term reaction to Trump’s extension of his trade war to China, with tariffs likely to ahead on Friday.

The AUD is still falling this morning as, unusually, consumer sentiment has moved the market: Bonds are bid a little: XJO is down: Dalian down at the open: Big Iron likewise: Big Gas too: Big Gold mixed: Big Scum is broken.

By Chris Becker The successful Singapore summit raised expectations of a return to risk overnight, but European markets instead reacted against a very poor ZEW Survey in Germany as a stronger than expected US CPI print for May also took the wind out of US stocks.

Risk markets have reacted positively to the summit in Singapore with green across the board on stock markets.

By Chris Becker Emerging frontlines in what could be the biggest trade war in decades are being ignored left and right by risk markets as Asia wakes up to the Korean/US summit in Singapore today.