Chris Becker

Its a sea of red across most Asian share markets as His MAGA-Sty tries yet another round of tariffs following the falling in line behind Russia over Ukraine, although other risk markets have been able to absorb this new volatility a little better.

Overnight saw the release of the latest FOMC minutes with Wall Street pushing up higher against the trend as European shares finally fell back after weeks of trending higher.

Most Asian share markets are trading higher despite the lack of a solid lead from Wall Street overnight with the USD pushed back after lifting slightly higher over the long weekend break.

Wall Street returned from its long weekend of anti-Trump protests and more aircraft crashes with a very staid session, unable to push to a new record high while over in Europeland, the German DAX made a new record high amid the push for big increases in defence spending.

The trading week continues in a mixed mood for most Asian share markets without a solid from Wall Street enjoying a long weekend.

Amid a lot of macro chaos, stock markets continue to make new highs with the German DAX pushing European bourses higher while a closed Wall Street almost made a record close on Friday night despite a poor retail sales print and crashing export volumes to Canada.

An uneasy start to the trading week as most Asian share markets pull back after a mixed return on Wall Street from Friday night due to the weaker than expected retail sales print.

While Wall Street nominally almost made a record close on Friday night it was a very weak finish that reflected a missed retail sales print that showed spending has slowed in the first month of the year.

Asian share markets are fairly positive across the region although Japanese shares are suffering from a reversal in Yen strength and reports about more tariff diarrhea from the Felon in Chief while currency markets are still in flux but effectively rebuffing the continued trade war.

Stock markets are essentially ignoring Trump’s tariff plans and keep heading higher across both sides of the Atlantic with an expectation of that positivity flowing over here in Asia for the last trading day of the week.