Australian Shares

A sea of red across Asian stock markets in response to the poor finish to the trading week on Friday night on Wall Street with Japanese bourses falling sharply as exporters worry about the next round of Trump tariffs.

The Market Ear on some worrying signals for the bubble.

Good news was bad news for risk markets on Friday night as the April 2 deadline looms with Trump’s call with PM Carney presenting no change in the deadlock as the Canadians announce retaliatory tariffs.

Asian stock markets are having a poor finish to the trading week with most markets down amid noise around more Trump tariff nonsense, while the latest Japanese inflation figures sent local stocks sharply lower.

Goldman says China is back.

More tariff fallouts overnight as the April 2 deadline looms with Trump whining about Canadian-EU collaboration in the latest round of threats, while stocks put in slight selloffs amid the low volatility reactions.

Noise around the latest tariff tirade from Trump, this time on cars from – well everywhere – has not really affected Asian stock markets that much relatively speaking as regional concerns outweigh the dummy spitting from the White House.

The Market Ear is still looking short-term.

As the April 2 deadline the ultimate round of US tariff’s beckons, the Fanta Fuhrer couldn’t help shoot early with a blanket 25% car tariff, thus dooming the domestic US car industry as the world will shift to boycott US made vehicles.

Asian stock markets are doing slightly better today given the mixed result overnight although S&P futures are looking more robust given more Trump talk about caving in on tariffs, although who knows what will actually happen as another distraction is likely soon given the recent intelligence foul up by half his Cabinet.

The Market Ear argues for the reverse pivot today.

A bit of Fedspeak overnight was overshadowed by the Clown Show in the White House overnight as markets remain somewhat hesitant as the April 2 deadline for Trump’s Tariff Tirade beckons.

Not much action across Asian stock markets although offshore Chinese markets are feeling the pinch while mainland shares are unchanged as are the satellite Australian local stocks which have tread water again.

The Market Ear is all over it.

Overnight saw the still quite hesitant risk complex jump for joy as the Mango Mussolini decided to perhaps, maybe pull back his upcoming April 2nd tariff threats a smidge which gave Wall Street the excuse to bid everything higher as the Trump Dump and Pump scheme continued.

Another very mixed session across Asian stock markets reflecting the growing unease over the weekend as the April 2 “tariff letter” deadline starts to come into focus.

The Market Ear with a pearler. A key risk to the market Foreigners hold a record amount of US stocks. And they have just started selling. Deutsche Bank says that there could easily be one trillion dollars of foreign selling. This is way bigger than the corporate demand (=the biggest buyer) estimated this year.

Friday night saw a very hesitant risk complex trying to digest the recent Bank of England and Swiss Central Bank meetings, while trying to anticipate what the Fanta Fuhrer in the Oval Office is going to do next with tariffs.

The Market Ear with an amusing set-up for equities.

Last night saw the Bank of England and Swiss Central Bank meetings, the latter cutting while the former is looking to ease soon as concerns over the Trump Trade War continue to mount across the financial complex.

A very mixed session across Asian stock markets despite a rebound on Wall Street overnight with steady Chinese interest rates not lifting stocks in the Middle Kingdom as expected while local stocks ending up higher on the latest unemployment numberwang print.

And now for a dose of European exceptionalism!

Last night saw the US Federal Reserve hold fire on interest rate changes although it did signal that stagflation is the likely outcome for Trump’s Tariffs with an uptick in inflation already observable.

Uncertainty has returned for stock markets here in Asia in response to the stumbles on Wall Street overnight with local stocks ending up lower.

As Trump waited an hour to speak to his Russian handlers overnight, news of more tariffs coming April plus some lackllustre results in tech stocks (while Tesla’s burn everywhere) sent Wall Street lower while European stocks continue to outperform.