Crisis? What Crisis?

Australia shares fall as probe hits financials; a2 Milk pushes NZ lower

By CMC Markets (Michael McCarthy)Market OverviewJul 13, 2018 10:25

au.investing.com/analysis/crisis-what-crisis-200198284

Crisis? What Crisis?

By CMC Markets (Michael McCarthy) | Jul 13, 2018 10:25

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Originally published by CMC Markets

Global markets are responding to the unfolding trade dispute in a surprisingly robust manner. The overnight market action showed conflicting and contradictory trading patterns across asset classes that may be resolved in a surge in volatility. Asia Pacific markets are set for gains while the air of unreality lingers.

European bond market curves flattened overnight in a typical lower growth, lower inflation move. US bonds were unchanged after CPI data showed a lift in inflation. However shares surged in Europe and the US and industrial metals rallied as investors favoured higher growth exposures. The tech heavy Nasdaq outperformed. The differing reactions are not sustainable and markets could be vulnerable to sharp changes in direction.

China trade data today may act as a catalyst if it reminds investors of the potential negative impact of the recently announced trade barriers. The rally over the past twenty four hours was led by strong gains in Shanghai and Hong Kong, and these markets may once again determine the short term direction for global markets.

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Central Banks

Interest Rates

Next Meeting

RBA

1.50%

Oct 02, 2018

BOE

0.75%

Nov 01, 2018

ECB

0.00%

Oct 25, 2018

FED

2.00%

Sep 26, 2018

SNB

-0.75%

Dec 13, 2018

BOC

1.50%

Oct 24, 2018

RBNZ

1.75%

Sep 27, 2018

BOJ

-0.10%

Oct 31, 2018

CBR

7.50%

Oct 26, 2018

RBI

6.50%

Oct 05, 2018

PBOC

4.35%

BCB

6.50%

Oct 31, 2018

S&P/ASX 200	6,189.40	-5.20	-0.08%
ASX 200 Futures	6,188.5	+14.0	+0.23%
ASX All Ordinaries	6,302.40	-3.00	-0.05%
S&P 500 Futures	2,927.75	-6.00	-0.20%
Dow 30	26,743.50	+86.52	+0.32%
China A50 Futures	11,741.5	-78.5	-0.66%
US Dollar Index	93.86	+0.07	+0.07%
Bitcoin Futures	6,675.0	-10.0	-0.15%

Crude Oil WTI	71.88	+1.10	+1.55%
Natural Gas	2.960	-0.014	-0.47%
Gold	1,200.30	-1.00	-0.08%
Silver	14.245	-0.114	-0.79%
Copper	2.845	0.000	0.00%
US Sugar #11	11.68	0.00	0.00%
US Coffee C	99.75	+0.37	+0.37%
Aluminium	2,071.50	-16.75	-0.80%

AUD/USD	0.7266	-0.0025	-0.34%
EUR/USD	1.1740	-0.0009	-0.08%
USD/JPY	112.59	-0.01	-0.01%
GBP/USD	1.3074	+0.0005	+0.04%
GBP/JPY	147.19	+0.05	+0.03%
AUD/JPY	81.80	-0.23	-0.28%
USD/CAD	1.2936	+0.0020	+0.15%
GBP/AUD	1.7995	+0.0045	+0.25%

BTC/USD	6,692.1	-44.1	-0.65%
ETH/USD	240.22	-2.64	-1.09%
IOT/USD	0.59632	-0.01768	-2.88%
LTC/USD	59.950	-1.850	-2.99%
BTC/AUD	9,216.0	+45.7	+0.50%
BCH/USD	484.91	-5.01	-1.02%
MCO/USD	4.4650	+0.0120	+0.27%
XRP/USD	0.56785	-0.02145	-3.64%

Crisis? What Crisis?

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