Chris Becker

Asian share markets are slumping across the board as confidence evaporates from risk markets due to continued selloffs on Wall Street as bond markets rally in fear of US recessions and the new global trade war.

The latest US initial jobless claims number spiked overnight and combined with more senseless tariff threats from Trump including doubling down on China saw volatility hit Wall Street hard as all the post election gains were wiped out, taking European stocks lower as well.

Asian share markets are doing slightly better on the back of somewhat mixed sessions on Wall Street and in Europe overnight, absorbing the post close NVIDIA earnings and the new tariff announcements on Europe by the Orange Mussolini.

Wall Street finally stopped flailing around while European stocks pushed higher despite more Trump Tariffs, as the EU gets caught in the crosshairs of Putin’s Puppet.

Asian share markets are very mixed with Chinese shares lifting while the rest of the region is playing along with the downtrend on Wall Street as the upcoming Canadian/Mexican tariffs look like starting soon, although that’s clear as mud due to the ongoing clownshow at the White House.

Wall Street continues to flail while European stocks try hard to push forward, buoyed by more defense spending promises while the cuts in US federal spending and employment loom large amid a the Canadian/Mexican tariffs that are still on the table.

Asian share markets are not doing so well as the play catchup to the risk off mood that has been dragging down Wall Street since Friday night with returning Japanese markets down the most while local shares are still heading down due to the somewhat hawkish RBA position.

Wall Street is still failing to make a comeback after its Friday night breakdown with tech stocks again on the back foot while European shares were mixed as the German DAX made a new high on the back of a new conservative government that looks set to go full steam ahead in defense spending.

Asian share markets are generally doing well after a big drop on Wall Street from Friday night, but have absorbed the volatility out of the German election result from the weekend.

Wall Street had a major setback on Friday night led by tech stocks like Meta as Comrade Krasnov took another wild swing on tariffs against Europe as Germany gears up for its general election on Sunday.