Chris Becker

Green across the board across both sides of the Atlantic on Friday night with Wall Street having its best week since the election in November as traders weigh up the lifting of the Trump Circus Tent come Monday morning.

Wall Street failed to advance on its latest surge overnight mainly due to a fall in tech stocks, led by Apple while European shares remained boisterous across most of the continent.

Asian stock markets are somewhat mixed although local shares got a boost on a surprise uptick in the unemployment print that energised more RBA rate cut speculation.

The latest US CPI print overnight sent stocks, commodities and undollars higher with Wall Street having its best one day performance in months while European shares also rebounded strongly.

Asian stock markets are mixed alongside FX markets as we all await tonight’s US CPI print with Wall Street still in hesitation mode amid the LA firs and concerns over the incoming Trump tariffs and other shenanigans.

Wall Street is again failing to find traction following last Friday night’s retracement with tech stocks again pulling the edifice down while European shares rebounded slightly despite the higher Euro.

Asian stock markets are in the main doing a lot better in reaction to a somewhat mixed first session overnight on Wall Street as concerns over the incoming Trump tariffs waned.

Wall Street failed to rebound from its Friday night retracement with tech stocks again pulling the edifice down while European shares continued to selloff mainly due to falls in Italy.

The response to the US unemployment print on Friday and subsequent tightening of oil sanctions on Russia has seen Asian stocks gapped broadly lower on the weekend gap and stay there in afternoon trade.

Wall Street reopened on Friday night but I’m sure most traders would have wanted a long weekend instead as the latest US non-farm payroll aka unemployment print came in stronger than expected, pushing USD higher against almost everything while stocks lost significant ground across both sides of the Atlantic.