Chris Becker

Not much action across Asian stock markets although offshore Chinese markets are feeling the pinch while mainland shares are unchanged as are the satellite Australian local stocks which have tread water again.

Overnight saw the still quite hesitant risk complex jump for joy as the Mango Mussolini decided to perhaps, maybe pull back his upcoming April 2nd tariff threats a smidge which gave Wall Street the excuse to bid everything higher as the Trump Dump and Pump scheme continued.

Another very mixed session across Asian stock markets reflecting the growing unease over the weekend as the April 2 “tariff letter” deadline starts to come into focus.

Friday night saw a very hesitant risk complex trying to digest the recent Bank of England and Swiss Central Bank meetings, while trying to anticipate what the Fanta Fuhrer in the Oval Office is going to do next with tariffs.

Last night saw the Bank of England and Swiss Central Bank meetings, the latter cutting while the former is looking to ease soon as concerns over the Trump Trade War continue to mount across the financial complex.

A very mixed session across Asian stock markets despite a rebound on Wall Street overnight with steady Chinese interest rates not lifting stocks in the Middle Kingdom as expected while local stocks ending up higher on the latest unemployment numberwang print.

Last night saw the US Federal Reserve hold fire on interest rate changes although it did signal that stagflation is the likely outcome for Trump’s Tariffs with an uptick in inflation already observable.

Uncertainty has returned for stock markets here in Asia in response to the stumbles on Wall Street overnight with local stocks ending up lower.

As Trump waited an hour to speak to his Russian handlers overnight, news of more tariffs coming April plus some lackllustre results in tech stocks (while Tesla’s burn everywhere) sent Wall Street lower while European stocks continue to outperform.

Another positive day for stock markets here in Asia as risk switches back to on following the big rebound on Wall Street from Friday night although local stocks struggled to make headway.