Author: Chris Weston

Chris Weston
Chris Weston

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Recent and archived work by Chris Weston for The Bull:

The Daily Fix – its feeling reasonable to expect a lower Aussie cash rate

It’s been a mixed session so far in Asian trade, with the ASX 200 +0.1%, while the Hang Seng and Nikkei 225 are lower by 1.4% and 0.7% respectively. Notably, we’ve seen strong two-interest early in gold, and crude (more on that below), while most of the focus in FX markets has centred on AUDUSD,…

The Daily Fix – A mid-week chart fest

We’ve discussed global rates and trade tensions in some depth of late, but news that was undoubtedly a key feature yesterday was the idea of renewed China stimulus. We saw the China CSI 300 index close up 3%, with A50 index (CN50) closing 2.5% higher, although we’re looking for a more subdued open today. The…

The Daily Fix – Markets open on a positive note

But traders are fading the move. Friday’s weak US payrolls have convinced the world that the Fed needs to act, with the weekend news flow centred not just on when the Fed cut, but whether the cuts are front-loaded, with some calls even for a chunky 50bp in the July meeting. The strong consensus view…

The Daily Fix – Central banks all waiting for Trump to act

We close out the week on a fairly optimistic tone in equities, with the S&P 500 (closed +0.6%) breaking out of the recent bear channel, and the ASX 200 now trading above 6400 (+0.6% on the day). A 1.3% gain in crude is helping, and we see small buying in S&P 500 futures, likely assisted…

The Daily Fix – Payrolls and Draghi to define our week

The markets have made up their mind about where the global economy is going, and downgrades to economic forecasts from the World Bank will only accelerate that view. We’ve all been talking about the dour message various developed market yield curves have portrayed for some time, and the moves in DM bonds and rates have…

The Daily Fix – the RBA ease and provide enough flexibility to satisfy a dovish market

After some 684 days since the last 25bp rate cut from the Reserve Bank, we have seen the bank meet consensus expectations and take the cash rate down to 1.25%. Considering as the swaps market had priced in 70bp of cuts (nearly three cuts) over the coming 12 months, and considering the lack of determination…

The Daily Fix – A question ‘when’, not ‘if’ the Fed cut

Let’s understand that trade conflicts are the catalyst for the real issue; slower global growth leading to stagflation and recessionary conditions. With the weekend news flow centring again on trade, where a Chinese white paper attributed the blame on relations to Trump, amid Chinese authorities investigating FedEx, it all suggests things will only get worse…

The Daily Fix – Let Financial Conditions Guide

With US and UK trader participation waning due to respective public holidays, Asia takes no natural guide from the S&P 500 or US Treasury markets. That said, Asian equities are seeing small buying, with the ASX 200 +0.6%, the Nikkei and Hang Sen +0.4% respectively. A 2% gain in Brent crude and an out-of-control iron…

The Daily Fix

The headlines roll in, and price naturally reacts, but just as everyone becomes well-versed in the importance of Huawei in the trade drama, and an emerging cold war in China-US tech, we now hear that the US Commerce Department is allowing Huawei “engagements in transactions” in certain conditions and perhaps things don’t look so bleak….

The Daily Fix

Politics and geo-politics dominate the market narrative in Asia, with a further escalating war of words and actions between the US and China, which has seen Google enter the fold, suspending some business activity with Huawei, with a number of US chipmakers cutting off supplies as well. The fact China have recalled two giant panda’s…

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