Chris Becker

The post US election euphoria seems to be dissipating, not helped by the somewhat disappointing Chinese stimulus outcomes on Friday which has led to another reweighting on risk markets.

Asian stock markets are taking a pause after the mid week volatility from the US election as all eyes are on Chinese authorities as the National People’s Congress winds up.

US stock markets continued higher in the post election haze, helped along by a somewhat dovish Fed which cut rates at the latest FOMC meeting overnight by 25 basis points.

Asian stock markets are mainly up across the region with Chinese shares leading the charge in the post US election mood with the USD pulling back slightly against most of the undollars after a mammoth surge overnight.

As the world awakes to the new United Fascist States of America, US stock markets have soared alongside the USD on the Trump/GOP clean sweep while European shares retreated.

Asian stock markets have seen a big boost across the region as the US election results come in with a Trump win most likely, giving USD a big boost alongside other risk markets.

US stock markets lifted due to some optimism returning to the Old World with the German DAX rallying while the absense of economic news was vastly overshadowed by the start of the US elections as the USD continued its falls following the Iowa surprise polling over the weekend.

Asian stock markets have seen a big boost across the region as Chinese stimulus seems to be working with a very solid services PMI, but Melbourne Cup Fever could not overshadow a tight RBA that held at today’s meeting, pulling down local stocks as a result.

US stock markets pulled back alongside the USD as all risk markets start to tighten and clench at the prospect of a drawn out US election that “starts” tonight and may not have a happy ending.

A generally positive day across Asian stock markets to start what could be the most volatile trading week of the year as the US election looms.