Australian Shares

The Market Ear on this mightiest of bubbles.

Please note this is the last Macro Morning/Afternoon report for a month or so as I’m off on holiday – good luck, markets always get juicy when I’m away!

Asian share markets are stumbling around with a variety of macro pressures overshadowing the broad gains on Wall Street and European markets overnight.

Prime Minister’s are dropping like flies as the French government collapsed overnight, which followed the resignation of Japanese PM Ishiba over the weekend.

Asian share markets are mostly higher across the board as traders anticipate more Fed easing after Friday night’s US jobs print showed the Trump regime’s economic malaise continues although local stocks had a little stumble.

The Market Ear on bulls versus bears.

No surprise or upward Sharpie revision on Friday night as the actual US jobs print came out and was bad all over, with prior results also revised down, giving a clear run to a September rate cut by the Fed and possibly two more by the end of the year.

Asian share markets are higher across the board as traders start to anticipate tonight’s US jobs print with continued speculation that the Fed is likely going to pull a put regardless of tonight’s NFP result.

The Market Ear first.

No big surprises overnight as the expected softening of the US jobs situation was confirmed by the weekly initial jobless claims and private ADP prints, giving a clear run to a September rate cut by the Fed.

Asian share markets were quite mixed with local stocks regaining some of their losses on interest rate speculation that the Fed is likely going to pull a put if tomorrow night’s NFP comes in bad as expected.

Overnight saw the USD fall back as the latest jobs opening and Fed Beige Book painted a further slowing picture of the US economy as the Trump regime’s sales taxes, grift and general lack of ability in operating a modern government continue to take a hold.

Asian share markets are seeing a broad selloff as the riskoff mood in the wake of bond sales continues to dominate the marketplace as we await Friday’s NFP print from the US.

The Market Ear on a bubble whose time has come.

Overnight saw risk taking a dive as Wall Street returned and was volatile over a secret Google ruling that ended upsetting other tech stocks while the latest US manufacturing PMI print came in slightly better than expected, giving USD another drive higher.

Asian share markets are seeing mixed results as traders await the return of US markets from their long weekend with the latest news about a US/Japan trade deal sending Yen lower without any real action.

The Market Ear on a bubble breather.

Overnight saw some calm return to risk markets as the new trading week got underway without US involvement as they had a long weekend, although we still got more bullying of the Federal Reserve by the Trump regime.

Asian share markets are starting the trading week in very mixed fashion with Chinese stocks leading the way while Australian shares have pulled back with the absence of a lead from the US as they have a long weekend.

Friday night saw a selloff dominate on risk markets as the end of week and month double twitching and fund flows amid the steepening yield curve on US Treasuries, now at a three year high.

Asian share markets are finishing the trading week in a mixed mood with US and European stock futures not moving much as they anticipate a long weekend for the former and the end of week/month double witching session.

Despite an upwardly revised 2Q GDP print and solid initial jobless claims in the US overnight, the USD continued its selloff with weaker international demand for US Treasuries also not helping.

Asian share markets are in a mixed mood that is being reflected by Wall Street futures off slightly despite the better than expected NVIDIA results after the close with European shares also looking to open flat.

The Market Ear explores.

Risk markets were dominated by currency volatility and Treasury sales overnight with the impact of the Trump regime’s fiddling with the Fed (not kids this time) starting to have an impact.