Australian Shares

Another solid day for risk markets here in Asia, taking the US lead overnight.

AUD is up during Asian trade on technical overselling: Bonds are bid: XJO is trying to go higher in a clearly bullish chart but hitting resistance: Dalian is struggling: But Big Iron doesn’t care as BHP rips on oil and a falling AUD to three year highs.

By Chris Becker Oil was the catalyst overnight with industrial stocks lifting alongside as a DOE report indicated much lower inventory levels than expected.

A mixed day here in Asia with stocks exchanging wins for losses across the region in the wake of Trump’s dumping of the Iranian nuclear deal.

Via the ASX: That’s the worst CBA update in recent history: costs up 3% on royal commission compliance; income down -4%; profit down -9%; net interest margins down, and bad debts up though off very low levels.

By Chris Becker Overnight markets were shaken, but not stirred, by President Trump’s reneging on the Iranian nuclear deal.

The impact of the higher USD continues to weigh on developed markets, but the big stock bourses in Asia continued their rebound as futures for European and US stocks advanced.

It is about time someone was honest about Australia’s superannuation system.

By Chris Becker Overnight stock markets responded positively to the great start to the week here in Asia with rallies on both sides of the Atlantic.

The fallout from the US unemployment print on Friday has been quite positive, with all stock markets closing higher here in Asia.

By Chris Becker  The US non-farm payroll/unemployment print came and went on Friday night, setting up the timbre of the next months action on risk markets.

Its another sea of red across Asia as traders nervously await the NFP print later tonight, with the USD rebounding against some currencies in anticipation as the Aussie dollar spiked on Futureboom “forecasts” from the RBA.

By Chris Becker Stock markets are still digesting the ever stronger USD rally, but overnight the King of currencies finally weakened with a lower than expected ISM non-manufacturing survey putting to question the robustness of tonights NFP.

Asian stocks are mixed once more given the poor overnight lead from US markets, although S&P futures are up slightly on anticipation of some better earnings calls tonight and the Chinese trade talks which are about to commence.

By Chris Becker The Fed held overnight, happy with the course of inflation in the US as stock markets reacted negatively going into the close setting up for a risky day here in Asia.

Outside Australia, its a sea of red across stock markets as risk absorbs the Trump “how I colluded with Russia” questionnaire alongside Chinese traders that came back to work after two days to absorb a much stronger USD.

By Chris Becker Tech stocks to the rescue this time with Apple beating estimates and lifting the NASDAQ higher, dragging the S&P500 up as most European markets were closed for May Day holidays (and a little rioting on the side).

Yet another quiet day here in Asia with Japanese stocks reopening, the rest of the region was taking a break that will extend overnight to Europe as well.

The AUD is up a little during the day: Aussie bonds are bid again: XJO has found some life: Big Iron charts ex-FMG look bullish again: Big Gas is still hot: Big Gold is troubled, expect more Big Scum is enjoying a so-far minor bear market rally.

By Chris Becker Tech stocks were again the drag, pulling industrials down as US bourses could not translate solid gains in Asia and then Europe into moves higher.

A quiet day here in Asia as Chinese and Japanese stocks markets are closed for holidays, the ASX200 did the heavy lifting alongside Korean markets.

By Chris Becker  Stock markets continue to re-risk after earnings in the US surprise to the upside, with the USD gaining strength as Treasury yields spike above the magical 3% level.