Chris Becker

Asian stock markets are having staid sessions going into the end of the trading week with local stocks still selling off.

Wall Street came back from its worst one day performance for the calendar year overnight, lifting slightly while European stocks played catchup and fell across the board.

Asian stock markets have done relatively well given the near crash on Wall Street overnight on the latest Fed rate cut and subsequent inflation notes that implied a lot less cutting to be going on in 2025 – that is until the Trumpians mess everything up.

Wall Street suffered its worst one day performance for the calendar year overnight, either on a “hawkish” Fed that still cut rates or by Trump saying he wanted to annex Canada.

While Bitcoin pulls back from its recent new high, Asian stock markets are generally lower across the board although Chinese shares want to believe the PBOC will actually move on their stimulus promise.

Overnight saw the release of the latest US retail sales print but Wall Street and other risk markets are really waiting for this year to end with the FOMC meeting later tonight with a Fed rate cut all but priced in.

While Bitcoin hits another new high, Asian stock markets are generally lower or steady across the board, as the divergent risk mood on Wall Street remains as traders await this week’s central bank meetings include the Fed.

Wall Street is diverging in fortune with the headline Dow again retreating overnight while the tech heavy NASDAQ made yet another new high.

While Bitcoin hits a new high, Asian stock markets are generally lower across the board, as the risk off mood from Wall Street on Friday night remains as traders await this week’s central bank meetings include the Fed.

Friday night was very calm for overseas markets following the ECB rate cuts with most action on bond markets as Wall Street basically slept through the session.