Friday At The Open

US sharemarkets fell on Thursday, weighed down by losses in financial stocks and a slide in Apple. The S&P financial index fell 1.1% after Bloomberg reported that some hedge funds have withdrawn excess cash and positions held with Deutsche Bank. Deutsche Bank fell 6.7% in US trade.

Read More

Wednesday At The Open

US sharemarkets fell again on Tuesday but ended off session lows. A weaker oil price weighed on the energy sector. Investors are still debating the timing of US rate hikes. Financial stocks eased on expectations that a rate hike could be delayed until later in the year. Investors contend that higher interest rates can serve to lift bank interest rate margins.

Read More