Australian Dollar

The final trading week is still looking a lot like Christmas with Wall Street continuing its Friday night bounceback on Friday while European stocks slid back as markets start to quieten down over the Xmas break.

Asian stock markets are having solid sessions going into the Xmas break with local stocks finally seeing a solid bid as speculation around more Chinese stimulus measures grows.

Wall Street bounced back on Friday night following its worst one day performance for the calendar year lifting 1% across the board on the back of some cooling inflation data while European stocks slid back amid the volatility going into the year end as markets start to quieten down over the Xmas break.

Asian stock markets are having staid sessions going into the end of the trading week with local stocks still selling off.

Wall Street came back from its worst one day performance for the calendar year overnight, lifting slightly while European stocks played catchup and fell across the board.

Asian stock markets have done relatively well given the near crash on Wall Street overnight on the latest Fed rate cut and subsequent inflation notes that implied a lot less cutting to be going on in 2025 – that is until the Trumpians mess everything up.

Wall Street suffered its worst one day performance for the calendar year overnight, either on a “hawkish” Fed that still cut rates or by Trump saying he wanted to annex Canada.

While Bitcoin pulls back from its recent new high, Asian stock markets are generally lower across the board although Chinese shares want to believe the PBOC will actually move on their stimulus promise.

Overnight saw the release of the latest US retail sales print but Wall Street and other risk markets are really waiting for this year to end with the FOMC meeting later tonight with a Fed rate cut all but priced in.

While Bitcoin hits another new high, Asian stock markets are generally lower or steady across the board, as the divergent risk mood on Wall Street remains as traders await this week’s central bank meetings include the Fed.

Wall Street is diverging in fortune with the headline Dow again retreating overnight while the tech heavy NASDAQ made yet another new high.

While Bitcoin hits a new high, Asian stock markets are generally lower across the board, as the risk off mood from Wall Street on Friday night remains as traders await this week’s central bank meetings include the Fed.

Friday night was very calm for overseas markets following the ECB rate cuts with most action on bond markets as Wall Street basically slept through the session.

DXY is up, up, up.

Asian stock markets are generally lower across the board, as the risk off mood from Wall Street spreads across the complex following the Swiss and European Central banks cuts from tonight.

Risk markets pivoted on two European bank cuts overnight as the SNB and ECB both slashed rates, the former surprising with a 50bps cut while the latter did the expected 25bps.

Asian stock markets are generally higher across the board, following the overnight as expected CPI print from the US that seems certain the Fed will cut rates next week, with anticipation building that the Swiss and European Central banks will do the same tonight.

Wall Street got back on track overnight due to the US CPI coming in as expected with no surprises, giving USD a lift higher after it recently stumbled following the US jobs print from last Friday night.

DXY is firming again.

Asian stock markets are generally lower across the board, following the risk off mood that is building on Wall Street.

Wall Street again stumbled overnight following European share markets as traders anticipate the forthcoming US CPI print.

DXY is still consolidating.

Asian stock markets are generally higher despite Wall Street wobbling overnight as promises of more Chinese stimulus keeps the edifice afloat.

Wall Street properly stumbled overnight as Asian and then European share markets stalled out in the previous sessions, providing a catalyst for this poor  mood to repeat in today’s Asia marketplace on the open.

The DXY consolidation continues.