Australian Shares

Dalian is soft today: But Big Iron is charging on, except for FMG.

Via Domainfax: McGrath could soon be back in private hands with founder John McGrath and former Sydney franchise boss Shane Smollen understood to be working on a deal to take back control of the listed real estate flop.

By Chris Becker  Not exactly a confidence inspiring end to the week on global stock markets, as the weaker USD combined with disparate geopolitical dramas overshadowed continued solid economic and corporate earnings reports.

by Chris Becker The fallout from the drop in US stocks continued in Asia today, taking the edge of what was a good week for traders.

by Chris Becker Today’s Chinese inflation data figures did nothing to dampen risk appetite here in Asia with most bourses rallying to new highs.

By Chris Becker US stocks battled out for confidence in, well con-men over the GOP’s tax cuts and tech stocks as gubernatorial elections in the US handed Trump and the Republicans a drubbing.

by Chris Becker The lack of progress and outright indignation with the release of the Paradise Papers over Trump’s tax reform meant risk hit a snag today in Asia, not helped by the “diplomatic” words of war regarding North Korea.

By Chris Becker US stocks closed relatively unchanged as European bourses were mixed following a stellar lead from Asia yesterday.

by Chris Becker Risk is pulling out the stops here in Asia today with stock markets on fire, the USD resurging in the face of a weak Yen and a falling Aussie dollar due to a neutral RBA.

By Chris Becker The wobbly Asian session translated into mixed nights across Europe and the US, with the latter popping to new highs again, but only just as the lack of economic catalysts weighs early in the week.

by Chris Becker Asia starts the week in a mixed fashion, given the strong lead from Wall Street on Friday night, with most stocks dropping or putting in scratch sessions.

AUD is weak in the Asian session as DXY piles it on.

by Chris Becker Asia ends the week in a positive mood – outside China at least – as traders gear up for the most important economic event on the calendar, Octobers US unemployment print (NFP).

Bloxo wants you go short Aussie bonds: Although the Q3 CPI print showed that underlying inflation was a little lower than expected and that inflation remains below the RBA’s 2-3% target band, it still confirmed that inflation is past its trough.

By Chris Becker Risk has turned off the confidence taps and slid into hesitation mode as the US NFP monthly event rolls around.

by Chris Becker We have a new Federal Reserve Chair, Jerome Powell, a noted dove so that’s sent USD down against the majors in reaction.

It’s the little bourse that thought it could but can’t, still struggling to break out of its bullish ascending triangle pattern: Bonds are roaring on the Bloxobuster trade: Dalian’s dead cat is losing height already: But Big Iron is rampaging anyway.

by Chris Becker Its risk on across Asia today, with Japanese stocks soaring on the positive mood overnight in US stock markets, plus a weakening Yen.

Dalian is offering up a little more relief rally today as the Caixin PMI came in OK: Big Iron is likewise dead cat bouncing: I remain skeptical that iron ore has bottomed!

By Chris Becker US stocks continued ever higher last night putting in a solid session to finish the month helped by a stronger dollar, oil prices and a lower Euro as the latest inflation print came in unexpectedly lower.

by Chris Becker Action in Asia today was focused around the Chinese manufacturing PMI and the BOJ monthly outlook, with the latter unchanged but still mindful of its inability to create any inflation.

Aussie bonds are stealing the show again today as the second of the illusory RBA hikes gets priced out: Dalian has a little relief rally going after the China PMI was better than feared: Given Winter shut downs don’t start until November 15, I’d call that premature.

By Chris Becker US stocks retreated overnight as news of a longer than expected rollout of tax cuts in Trump’s exorbinant tax plan combined with a return to US Treasuries as a new Federal Reserve head is likely to be announced soon.

by Chris Becker Not the greatest start to the week here in Asia with most stock markets in the red as Chinese bond markets roil under the continued pressure from Chinese authorities on reducing leverage.