Asia Seeing Green After Aussie GDP

Asia equities rally on vaccines and Australian GDP

Equity markets are experiencing a wax on, wax off the week, tail-chasing short-term momentum of whichever story carries the most weight on the day. Yesterday it was bubbles, which saw equity markets unwind part of the impressive rallies seen on Monday. The S&P 500 fell 0.81%, the Nasdaq plunged 1.60%, and the Dow Jones eased by 0.46%.

US vaccine manufacturing progress and an impressive Australian GDP print which was higher than expected has lifted animal spirits today, though. US index futures have recovered in Asian trading, with the S&P and Dow futures rising 0.35%, and the Nasdaq futures rising 0.55%.

That has greenlighted Asia to follow suit, and regional equity markets are performing strongly. The Nikkei 225 has risen 0.25%, a muted performance ahead of a government decision on extending Covid-19 restrictions. The Kospi, though, has risen 0.70%, and China’s markets are also rallying strongly. The Shanghai Composite has jumped 1.50%, the CSI 300 by 1.25%, and the Hang Seng has rallied 1.50% higher.

Regionally, Singapore is 0.55% higher, along with Taiwan. Kuala Lumpur and Jakarta are around 0.30% higher, and Australia’s ASX 200 and All Ordinaries are 0.75% and 0.65% higher, respectively.

Assuming no headline surprises, notably bubble ones from important people, hit the wires again today, Europe should follow Asia higher. Wall Street will be a harder one to call. US ADP Employment and ISM data should outperform tonight and Nonfarm Payrolls will be released later in the week. All are likely to surprise to the upside. Depending on Wall Street’s mood, it will be received as a recovery boost, so buy everything. Or, it will be inflationary; we are all doomed, so sell everything. I shall decline to predict Wall Street’s mindset; it has the same inherent dangers as assuming what Mrs Halley is thinking about, or so I have been told regularly. Either way. I end up scolded.



Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognize that for factors outside your control you may lose all of the money in your trading account. Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Smart Analysis Pvt takes not responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.


Credit  & Debit Card

  • Black Facebook Icon
  • Black Instagram Icon
  • Black YouTube Icon

© 2023 by Personal Life Coach. Proudly created with