Next Week At A Glance
A brief look at important company events and economic data releases next week.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreAussie shares are slipping for the first time this week, however have bounced off this morning’s lows with the ASX 200 closing in on 6,000pts.
Read MoreBoth the local market and Wall Street showed signs last night perhaps the rally is running out of puff. Dow up 11.
Read MoreUS sharemarkets were mixed on Thursday ahead of Friday’s jobs report. Investors are also awaiting plans for the next round of US economic stimulus.
Read MoreThe Aussie market extended its winning streak to 4 days as the economy continues to reopen. Most sectors finished higher.
Read MoreLocal shares are still climbing for a fourth day in a row and the ASX 200 briefly breached 6,000 points for the first time since March 9. But the index is now only 30 points or 0.5% higher at 5,972, having peaked at 6,040 earlier.
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Read MoreBuoyant sentiment; tech leads the way; earnings and raisings; new highs in commodities; mixed data.
Read MoreA surprisingly positive private sector jobs number only served to further fire up the FOMO trade on Wall Street last night. Dow up 527.
Read MoreInvestors looked past riots and lockdowns, focussing on signs of recovery. Shares in Boeing rose 12.95% on news that billionaire investor Daniel Loeb’s Third Point had purchased a stake in the company.
Read MoreFurther three-month highs for global stock markets on Wednesday as investors continued to ignore weak economic data and the protests and political instability impacting America.
Read MoreAnnual growth in the year to March was the slowest through-the-year growth since September 2009 when Australia was in the GFC. But there’s worse to come with some forecasts pointing to a fall of 8% or more in the June quarter.
Read MoreInvestors have taken recession talks in their stride with the ASX 200 firming for a third day in a row and hitting fresh three month highs. The index rose 106 points or 1.83% to 5,941.
Read MoreEven though the platform attack is hobbled by poor economics, restaurants are under threat – especially during a pandemic.
Read MoreThe Australian sharemarket is extending its winning streak to three days, with the ASX 200 up 1 per cent to 5,895.3 at lunch.
Read MoreWe continue to unearth small-cap companies as part of our Hidden Gems webinar series. Catch up on the most recent edition with presentations from Marley Spoon, New Century Resources, Alcidion Group, and TELIX Pharmaceuticals.
Read MoreDespite a pandemic, rioting in the streets and growing Cold War tensions, Wall Street grinds onward ever upward. Dow up 267.
Read MoreInvestors balanced new bouts of global stimulus and the economic recovery against trade tensions and US civil unrest.
Read MoreGlobal stock markets hit three-month highs on Tuesday as the protests sweeping the US had no impact, especially on Wall Street, though the US dollar continued to weaken.
Read MoreMarch quarter GDP data is out today and the question is can another solid trade surplus, a sharp rise in retail volumes and a lift in government spending offset the negative impact of weak wages, business investment, construction, and housing investment and the biggest fall in business inventories in six years?
Read MoreThe Aussie market has improved for a second successive session after the RBA kept rates on hold and reiterated its intention to do so for some time to come.
Read MoreEarly trade on Tuesday has seen the ASX 200 weighed down by losses for US futures after Donald Trump threatened Military intervention if State leaders are unable to contain civil unrest.
Read MoreWall Street looked through the riots in the US last night to focus on further economic re-openings. Dow up 91.
Read MoreInvestors focused on signs of an economic recovery, despite growing civil unrest across the US. Shares dipped in early trading following reports that Chinese officials had told agricultural companies to pause some purchases of US farm goods, threatening the US-China trade deal. Apple (+1.2%), Amazon.com (+1.2%) and Facebook (+3%) shares boosted indexes. But Pfizer shares fell 7.2% after reporting disappointing trial results for a breast cancer drug. The Dow Jones index rose by 92 points or 0.4%, the S&P500 index rose 0.4% and the Nasdaq lifted by 62 points or 0.7%.
Read MoreNo impact yet on markets from the protests sweeping the US. As a result, the ASX is looking at a modest gain at the opening this morning of around 10 points after a mixed and directionless session offshore.
Read MoreAfter a softer start, the ASX 200 has managed to close at the best levels of the day, lifting 63.5 points or 1.1% to 5,819 as investors remain more focussed on optimism around easing lockdown restrictions and a continued decline in new Covid cases.
Read MoreAussie shares have bounced back strongly from a slow start, with the ASX 200 index up around 0.76 percent at lunch.
Read MoreUS sharemarkets ended mixed with relief that the US didn’t threaten the China trade deal over Hong Kong. The Dow Jones index fell 17.5 points or 0.1% but the S&P500 index rose 0.5% and the Nasdaq lifted 121 points or 1.3%.
Read MoreIn Australia (see separate story) it’s the Reserve bank’s June policy decision tomorrow – no move in rates and then the March quarter GDP data on Wednesday. Globally the major release will be America’s May jobless figure Friday night, Australian time.
Read MoreFor the month, the Dow was up 4.3% gain, the S&P 500 climbed 4.5%, while the Nasdaq jumped 6.8% thanks to good performances by tech giants like Microsoft, Netflix, Facebook, Apple, and Amazon.
Read MoreThe ASX has now finished higher in nine of the past 10 weeks and has rallied 30.7% since hitting a multi-year low 4,402.5 on March 23. For May the market was up 233.3 points or 4.2%, meaning last week’s surge produced all the gains for the month and reversed a small impending loss prior to trading starting last Monday.
Read MoreThe Aussie market slumped by 1.6% on Friday but still had its second best week of 2020. Banks held the market back most today after standing out earlier in the week.
Read MoreThis past week has been a strong one for many individual stocks and for broader indices, but now we are at some very key levels and I am genuinely struggling as I write this on a Friday to find anything that I can say “today is a great time to buy”.
Read MoreLocal shares are giving back nearly all of yesterday’s gains, this follows losses on Wall Street as US President Trump announced he would hold a press conference discussing China with tensions building between the two countries.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreIncreasing US-China tensions have begun to rattle Wall Street. Dow down -147.
Read MoreSo will the strong run on the ASX 200 come to an end Friday after Wall Street closed lower through a 360 point turnaround? The switch was due to Donald Trump revealing he plans a press conference on Friday on China – presumably on the tightening of China’s control of Hong Kong.
Read MoreThe ASX 200 has improved again as banks continue to drive Aussie shares higher. The benchmark index rose 76pts or 1.3% to 5,851 with the big four banks climbing as much as 4.7%.
Read MoreThursday has seen local shares carry on their strong form seen earlier in the week. At lunch, the ASX 200 is jumping another 140 points or 2.4% to 5915.
Read MoreInvestors weighed economic recovery hopes against US-China tensions. Shares in Twitter fell 2.8% and Facebook lost 1.3% on regulation fears. At the close of trade, the Dow Jones index was up by 553 points or 2.2%. The S&P500 index rose by 1.5%. And the Nasdaq index rose by 72 points or 0.8%.
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