ASX shrugs off China abuse

David Llewellyn-Smith

Tuesday 1 December 2020

The Australian dollar has rebounded this morning after last night showed the first tremble owing to China abuse:

Yields are still pancaked:

XJO is up moderately:

Big Iron is sagging:

Big Gas is mixed:

Big Gold is trying to find a bottom:

Big Banks are mixed as APRA kicks WBC in the nuts:

Big Tech is fading:

Not much fear of China there.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.