Overnight stock markets rallied strongly overnight on the poor US GDP number, although bond markets looked straight through that print with 10 year US Treasury yields pushing back up to the 2.9% level as Wall Street rallied on lower expectations of Fed tightness around the corner. The USD remains on a tear against everything, helped

A much better session across Asian share markets today with the bounceback on Chinese stocks extending to other bourses as Wall Street tried to stabilise overnight. The USD is getting super strong against all the majors with Euro taking a deep dive alongside the Australian dollar and Yen. Oil markets are slipping again in the

Overnight stock markets stabilised somewhat with a late rally in tech stocks (aka Meta) helping calm fears of growing poor earnings on Wall Street in the wake of an aggressive Fed rate rise regime. The USD is still growing stronger, now at a five year high with defensive Yen reversing as Euro and the Australian

A late bounceback on Chinese stocks didn’t spread to other markets in the region today, as traders reacted to the overnight whomping on Wall Street. The USD remains firm against all the majors although the Australian dollar was able to bounce back a tiny bit this afternoon following the unclear inflation print. Oil markets are

There’s dead cats all over the place as overnight stock markets couldn’t help but turnover and selloff as global recession fears mount combined with some poor earnings on Wall Street. Combined with near crashes in Chinese stocks as COVID restrictions continue to bite and may well impact global supply, its all looking a bit dark

A very mixed reaction to the volatility on overnight markets here in Asia with Australian stocks playing catchup with the biggest falls as Chinese markets continue to selloff under global recession and local COVID concerns. The USD remains firm against all the majors although the Australian dollar was able to bounce back a little this

Stock markets had very high volatility overnight as global recession fears mount, but a late rally saw Wall Street eventually finish to the upside. This follows the crash in Chinese stocks yesterday as authorities ramp up their COVID restrictions while the PBOC tries to shore up confidence with more reserve ratio cuts. Bond markets remains

Wall Street fell sharply overnight on some very hawkish comments from Fed officials and while European markets remained upbeat. This saw the one day reversal in USD flip back to the dominant trend again with the 10 year US Treasury yield jumping back through the 2.9% level as expectations of a 50bps rise by the

Its another diversion in risk taking today with Asian stock markets going bullish and bearish in nearly equal fashion. Mainland and offshore Chinese markets are selling off sharply once again, while Japanese bourses are lifting as Yen remains weak against USD. The Australian dollar has paused its bounce back, running out of puff above the

Wall Street stumbled overnight on some poor earnings results while European markets were more upbeat as the USD finally lost ground against some of the major currency pairs. All eyes remain on interest rate markets however, with the 10 year US Treasury yield falling back slightly to the 2.8% level with the Fed expected to

Asian stock markets continued in mixed fashion with mainland Chinese markets remaining under pressure with risk sentiment only positive in Japanese shares as Yen continues to sell off against USD. The Australian dollar has bounced back with a look-see above the 74 cent level versus USD, while oil markets are trying to stabilise after the

A bifurcation in risk taking overnight as Wall Street rallied while European markets were more sanguine, with the new reporting season helping stateside. All eyes remain on the Fed, with the 10 year US Treasury yield making another new nearly four year high above the 2.9% level. The USD rose again with Yen dominating as

Asian stock markets are having a mixed restart after the Easter break with mainland and offshore Chinese markets remaining under pressure with risk sentiment also souring as European markets open. The Australian dollar has bounced back after its week’s long selloff, almost lifting back above the 74 cent level versus USD, while the USDJPY pair

A quite night of thin trading overnight as Western markets exit the Easter break with Wall Street pulling back slightly although European shares were more bullish. All eyes remain on the Fed, with the 10 year US Treasury yield making a new nearly four year high above the 2.8% level. The USD rose again to

Asian stock markets are bouncing back although mainland Chinese markets remain under pressure with risk sentiment rebounding on European markets. The Australian dollar has continued to selloff, still holding barely at the 74 cent level versus USD, while the USDJPY pair makes a two decade high. Oil markets are trying to stabilise with both markers

A big night of economic data mixed up with bigger macro news with the breakdown in Russian/Ukrainian peace talks and Finland moving closer to joining NATO. The latest core US inflation print surprised on the downside, sending bond yields lower, with the 10 year US Treasury pulling back to 2.67% and the closely watched German

Another poor session for Asian stock markets with concerns over Chinese growth and the ongoing COVID lockdowns combined with increased tensions in Europe while the Fed seems hell bent on raising rates sharply. The Australian dollar has continued to selloff, still holding barely at the 74 cent level versus USD, while Yen is still extremely