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China is the one bright spot for Asian equities today The buy-the-dip rally yesterday quickly ran out of steam in New York as Tesla stock plummeted and Russia announced an impending ban on natural gas exports to Poland and Bulgaria. Although US data held steady, the miss in earnings by Alphabet has darkened the move and the overnight price action across asset classes suggested a full-on move to defensive positioning.

27-04-2022 04:20 GMT by Jeffrey Halley

Jumpin’ Vlad Flash cuts his gas gas gas

Russian oil payment demands spooks the market The Ukraine/Russia conflict has suffered some headline fatigue of late, and more than a little complacency by the world’s financial markets, as China's slowdown fears grabbed centre-stage. With a nod to the Rolling Stones in the title of today’s newsletter, the economic ripples of the Ukraine conflict are back on the front pages.

27-04-2022 04:04 GMT by Jeffrey Halley

Oil rebounds, gold tries to find support

Oil moves higher Oil is making a comeback as energy traders focus on tightness in the diesel markets and shift the focus back to Russian energy supplies and the rising danger of nuclear war in Ukraine. Earlier crude prices got a boost after China's PBOC stepped up efforts to calm markets and as energy traders await China's mass COVID testing results, which could lead to even more lockdowns. The oil market has priced in enough demand destruction from China and crude prices should start to find s

26-04-2022 14:17 GMT by Edward Moya

Stocks tumble ahead of big tech earnings, soft earnings start this week, bitcoin reverses lower

US stocks see red.US stocks are declining as Wall Street abandons the tech trade ahead of massive tech earnings later this week and as global slowdown fears remain front and center as aggressive central bank tightening jitters won’t go away. Inflation won’t let up anytime soon as the Russian headlines suggest the war in Ukraine could see further escalations, which means inflation won't ease up and that will continue to drive central bank tightening fears.

26-04-2022 14:13 GMT by Edward Moya

Australian dollar falls below 0.72

Aussie steady after nasty slide The Australian dollar has stabilized after a sharp downturn, losing over 300 points since Thursday. AUD/USD is trading below the 72 line and is close to a 2-month low. All eyes are on Australia's inflation report for the March quarter, with CPI expected to accelerate to 4.6% YoY, after a 3.5% gain in February.

26-04-2022 10:26 GMT by Kenneth Fisher

Bleeding euro falls to 2-year low

The euro remains on a downswing and has extended its losses for a fourth straight day. EUR/USD has dropped below the 1.07 line for the first time since March 2020. Euro drenched by April showers April has been nasty for the euro, which has fallen over 300 points.

26-04-2022 09:04 GMT by Kenneth Fisher

Bank of Canada hints at half-point hike

The Canadian dollar has been on a nasty slide, falling around 2% since Thursday. There are no Canadian releases until GDP on Friday, which means that US releases during the week will have a significant impact on the movement of USD/CAD. Macklem says 0.50% hike on the table Bank of Canada Governor Tiff Macklem can usually be counted on for using clear and understandable language, which I'm always grateful for, as I vividly recall trying to decipher Alan Greenspan's Fedspeak years ago.

26-04-2022 07:07 GMT by Kenneth Fisher

Oil rises, gold drops below USD 1900

Oil rises in Asia Oil markets were sold heavily overnight on the China risk-aversion trade, as growth fears fed through to lower oil demand calculations. Brent crude fell by 3.45% to USD 102.50 after testing and bouncing off the USD 100.00 a barrel region intraday.

26-04-2022 05:17 GMT by Jeffrey Halley

Dollar dips, but markets cautious

Currency markets remain in risk-aversion mode There was no sign of the modest relief rally spilling into currency markets overnight, with EM and DM currencies on the back foot as the US dollar booked another night of gains. It has taken a rise by China stocks today to spur a gentle US dollar retreat in Asia.

26-04-2022 05:11 GMT by Jeffrey Halley

Asian markets edge higher

Asian equities tentatively follow China higher US equities managed a dead cat bounce overnight as Twitter announced it had accepted a takeover bid from Elon Musk. That lifted the tech space on the Nasdaq sparking a relief rally.

26-04-2022 04:10 GMT by Jeffrey Halley

Beijing blues hold Asia in thrall

Asian markets are showing tentative signs of life today after the sell-everything move lower yesterday. It looks more dead cat bounce than brave new world though as Beijing’s Covid-19 situation has knocked the Ukraine/Russia war, the Federal Reserve, threats of nuclear war from Russia, and even Elon Musk and Twitter off the headlines.

26-04-2022 03:43 GMT by Jeffrey Halley

Market Insights Podcast (Episode 322)

Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead. Risk aversion is sweeping Asia today after a torrid New York session on Friday. China is leading the way as Covid-zero restrictions are tightened in Shanghai and mass testing is enacted in an area of Beijing.

25-04-2022 20:40 GMT by Jeffrey Halley

US Close: Stocks show resilience, Musk and Twitter have a deal, Oil’s demand problem, Gold’s danger zone, Bitcoin above $40k

US stocks were under pressure earlier as investors couldn’t quite summon up the courage to ‘buy the dip’ as global growth concerns were driven as China seems poised they won’t back away from their zero COVID strategy. With no more Fed speak until next week’s policy decision, the bond market selloff was ready for a pause.

25-04-2022 16:35 GMT by Edward Moya

Macron wins, but euro slides

The euro has started the week with sharp losses as it struggles to stay above the 1.07 line. In the North American session, EUR/USD is trading at 1.0717, down 0.73% on the day. Euro woes continue On Sunday, President Emmanuel Macron won a decisive victory over Marie Le Pen of the extreme right, by a score of 58% to 42%.

25-04-2022 10:41 GMT by Kenneth Fisher

Pound under the dollar hammer

The British pound is sharply lower at the start of the week. In the European session, GBP/USD is trading at 1.2739, down 0.77% on the day. Weak UK data, Fed sinks pound The week ended with soft British data, and the pound took it on the chin, sliding 1.44% on Friday.

25-04-2022 08:28 GMT by Kenneth Fisher

BOJ intervention keeps yen steady

The Japanese yen recorded another losing week, a seventh straight if you're counting. USD/JPY is slightly lower at the start of the week, trading at 128.26 in the European session. The Bank of Japan meets on Thursday, but the central bank is keeping busy as it has intervened to cap JGB yields.

25-04-2022 07:04 GMT by Kenneth Fisher

Oil slides, gold falls as dollar rises

Oil falls heavily in Asia Oil markets fell on Friday as risk aversion and China growth fears weighed on prices. Brent crude fell by 2.40% to 106.10, with WTI falling by 2.20% to USD 101.70 a barrel.

25-04-2022 05:11 GMT by Jeffrey Halley

US dollar jumps on Fed, China growth

US dollar soars on risk-aversion The dollar index soared on Friday, as the UK sterling slumped and investor fear around China growth pummelled Asia FX, and Fed rate hike expectations saw a flight to safety. The dollar index leapt 0.50% to 101.11, taking out resistance at 101.00.

25-04-2022 04:56 GMT by Jeffrey Halley

Fed, China, weigh on Asia markets

Asian equities crushed on US hike/China growth fears The week ended sourly on Friday as Wall Street did not pass go and headed directly to jail, even as US yields remained relatively stable. A combination of weekend risk factors and increasing fears that the Fed will accelerate rate hikes torpedoed equities.

25-04-2022 04:10 GMT by Jeffrey Halley

It's just another Manic Monday

It's not often that you associate The Bangles with prescient outlooks on global markets (no disrespect intended Ladies), but as I look across the landscape of the great game in Asia today, the song is humming through my head. The second line of the chorus is even more poignant.

25-04-2022 03:57 GMT by Jeffrey Halley

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