Australian Shares

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Macro Afternoon

A big breakout in Bitcoin is dominating the market wires this afternoon as Asian stock markets continue to rally as risk sentiment improves, despite the woeful mishandling of Brexit overnight in the UK parliament.  The RBA meeting came and went with no change except in language which saw the Aussie dollar fall below 71 cents

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Macro Afternoon

A big surge across the board here in Asia in response to the positive finish to the week on Friday night on Wall Street with Chinese stocks leading the way. The USD has retreated against the risk currencies, namely Kiwi and Australian dollar, but gapped higher against Yen, supporting the risk on mood. The Shanghai

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Macro Afternoon

A much better than expected finish to the week here in Asia for share markets, with Chinese bourses leading the way while Japanese markets finally gain some strength following the USD wide rally that is suppressing Yen in the main. The Australian dollar remains stubborn while the Kiwi is also trying to get off its self

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Macro Morning

By Chris Becker  Supposed good news surrounding the US/China trade talks plus an easing in the US Treasury bond rally saw a bid in risk sentiment overnight, with US stocks rallying while European bourses lingered. Gold sharply reversed alongside Pound Sterling as the Brexit stalemate continued. Looking first at the Asian session yesterday, where Chinese stocks

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Macro Afternoon

Another very mixed session across Asian share markets as bond markets continue to rally while the USD is having a breather against Yen and Kiwi in particular, the former pushing Japanese stocks lower. Gold is trying to stabilise here above $1300USD per ounce while the Australian dollar is climbing back to the 71 handle after

35

Macro Afternoon

Asian share markets are having another mixed session despite the positive sentiment from overnight with all eyes still on the bond markets, particularly the Australian. The Aussie dollar took a dive in sympathy with the Kiwi as the RBNZ signalled another possible rate cut is on the way while Yen remained soft against USD. The

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Macro Afternoon

Asian share markets are mixed following last night’s equally mixed session, with Japanese bourses bouncing the highest on the back of a slightly weaker Yen. The Australian dollar is rising the fastest amongst the undollars while gold has retreated slightly after getting ahead of itself last night. The Shanghai Composite is down 0.9% again going

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Macro Morning

By Chris Becker  Volatility continued overnight with bond markets pushing the whole risk edifice around as US stocks retreated following a dour session here in Asia. The German IFO survey did better than expected which buoyed European stocks somewhat but this was overshadowed by the continued slow train wreck that is Brexit. Looking first at

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Macro Afternoon

Asian stock markets have fallen sharply in response to the poor showing on Wall Street on Friday night as the US bond yield curve inversion and the growing likelihood of a European recession weigh heavily. The Shanghai Composite is down nearly 0.9% going into the close to get back below 3100 points, currently at 3075 while the

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Macro Morning (Trading Week)

By Chris Becker  This may end up being the most important Trading Week of the year with the looming Brexit, the Mueller report fallout and ongoing concern over a European recession and US inverted yield curve combined with a big blowout in the US budget deficit. Looming bad news everywhere with US stocks plunging on Friday

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Macro Afternoon

Asian stock markets are likely to finish the week on a sour note as the expected Brexit extension from the EU plus some very modest inflation and economic figures from Japan combined to dampen overnight positive sentiment. Australian stocks were the only ones to advance as the Aussie dollar remained depressed after its overnight reversal

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How high can global stocks climb?

Who knows? We remain cautious for a number of reasons: Chinese stimulus to date is half-arsed; Europe is in virtual recession and Brexit looms; the US is going to slow in H2; the US/China trade deal is likely to be a dud. All of this adds up to full valuations with a soft EPS outlook.

0

Macro Morning

By Chris Becker  A return to risk overnight with US stocks rebounding as the USD also took back gains following the reversal from the FOMC meeting fallout. European stocks were less sanguine with only the FTSE rising as Theresa May headed to Brussels once more while the BOE held fast on interest rates. Looking first

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Macro Afternoon

Asian markets are mixed today in response to the overnight FOMC Meeting with much higher undollar assets providing headwinds. Japanese stock markets were closed, while the Yuan appreciated as the PBOC set the strongest rate since July last year. The Shanghai Composite is back over 3100 points, currently up 0.7% to 3113 after yesterdays sudden

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Macro Morning

By Chris Becker  Key takeaway from the Fed Meeting overnight: USD and stocks down, undollar’s up. The USD lost ground against, well nearly everything – from gold to Aussie to Euro – as the FOMC went nearly full dove, cutting the 2019 rate rise expectations from 2 to 0, and thus inflation expectations with it.

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Macro Afternoon

Asian share markets are down again today with risk sentiment slumping both locally due to the dour speech by RBA Assistant Governor Bullock while regionally caution reigned as traders await tonight’s Federal Reserve FOMC meeting. Currencies slid against USD as a result, with a lower Aussie the standout. The Shanghai Composite has dropped suddenly after

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Macro Morning

By Chris Becker  As the US/China trade talks look to resolve themselves soon, risk markets had a pause overnight with US stocks flat overnight while European equities rose sharply on the back of better than expected ZEW sentiment survey and UK job figures. Pound Sterling is cooling down as the potential for a longer term

54

Macro Afternoon

A generally poor session across stock markets here in Asia with a run to Yen not helping while the Aussie dollar remains elevated, pumping the brakes on any advance on the ASX200. The Shanghai Composite is having a breather, after yesterdays 2% pop, currently down about 0.2% to 3091 points but still looking strong. The

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Macro Morning

By Chris Becker  US stocks rose overnight while the fortunes for European equities diverged as the FTSE ran higher, the continent trailed as the lower Pound Sterling and the volatile Euro combined with traders waiting for this week’s FOMC meeting put some risk sentiment to rest. Looking first at the action on the Asian session

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Macro Afternoon

Following the very positive finish on Wall Street on Friday night, risk markets here in Asia have popped higher, with the Australian dollar advancing strongly, albeit on the tightening yield spread with US Treasuries. The Federal Reserve meeting this week will affect sentiment, along with a series of important economic releases – let alone the

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Macro Morning (Trading Week)

By Chris Becker  Looking at Chinese stocks first, where last week saw the Shanghai Composite followed its pause with a lower high, albeit finishing the week above the 3000 point level.   This market has gotten way ahead of itself with momentum extremely overdone so I’m looking for a potential new low below the last two week

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Macro Afternoon

Today’s BOJ interest rate meeting came and went without much fuss, as Chinese markets were buoyed by higher house price growth. The USD retreated against all the majors, particularly offshore trading in Yuan. The Shanghai Composite was doing well mid session but is now heading towards 3000 points, still up over 0.5% to end the week

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Macro Morning

By Chris Becker  US stocks stalled overnight as the USD firmed following another desperate night of Brexit drama which saw the UK Parliament ask for a delay, sending Pound Sterling down. It was new home sales data that rocked the risk appetite, while German and French CPI prints were on target but still muted. Looking

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Macro Afternoon

It was a mixed repsonse to the trifecta of Chinese internal economic data, slightly overshadowed by the Japanese government looking to downgrade its growth forecasts, which sent Yen falling against USD. The Yuan fell too on the lower PBOC fix, while Pound Sterling continued its no deal Brexit reaction and sold off throughout the usually