Material Matters: Copper, Lithium & Closures
A glance through the latest expert views and predictions about commodities. Base metals; cost curves; lithium; and mine closures.
Read MoreA glance through the latest expert views and predictions about commodities. Base metals; cost curves; lithium; and mine closures.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreHaving bought on the rumour of fiscal stimulus, Wall Street has bought again on the fact as investors fear missing out on the reversal. Dow up 1351.
Read MoreThe bottom line is that while we may see the biggest hit to global and Australian GDP since the 1930s thanks to the shutdowns, there are big differences compared to the Depression suggesting that a long drawn out global downturn is not inevitable.
Read MoreUS sharemarkets rose for a third day on Thursday – the best 3-day gain for the Dow Jones since 1931. There are hopes for even more government stimulus.
Read MoreThe ASX is heading for a big weekly gain if the overnight trading on the futures platform is any guide – it was up more than 150 points or more than 3% which could if it sticks in today’s session, see a gain of around 10% for the week.
Read MoreSingapore Airlines is tapping existing investors for up to $S15 billion ($US10.48 billion) through the sale of shares and convertible bonds to offset the shock to its business from the coronavirus outbreak.
Read MoreMore than 3 million people filed a claim for unemployment benefits last week in the US as the COVID-19 pandemic closed businesses, cities and entire American states.
Read MoreToday’s improvements have been across the board with healthcare, technology and energy among the best performers. The standout for the IT sector has been buy-now pay-later provider, Afterpay (APT) which surged another 29% today.
Read MoreStocks continued to rebound on Thursday as investors await the passage of Legislation that would deliver a $2 trillion COVID-19 support package to the US economy.
Read MoreThe US Senate had reached agreement on a stimulus package but a few senators have begun to pick holes. Dow up 495.
Read MoreUS stocks surged on news that Congress had approved a 2 trillion dollar support package for the US economy.
Read MoreA last minute tumble took the edge off another big rebound on Wall Street ahead of a vote later today in the US Senate on the $US2 trillion stimulus/support package.
Read MoreThe ASX 200 rose 262 points or 5.5% to finish at 4998. The gains were looking to be far less substantial with only a matter of minutes to trade, the index soared 150 points at the close.
Read MoreThe ASX 200 followed US stocks higher on Wednesday as buyers raided the market, capitalising on discounted shares.
Read MoreStocks surge as central bank initiatives gain traction.
Read MoreLast night the Dow posted its biggest one-day percentage rally since 1933, up 2112.
Read MoreOil, gold, silver, copper and iron ore all caught the latest wave of ‘optimism’ to some degree and closed higher on Tuesday.
Read MoreContinuing talk that the US Congress was moving to a deal on a massive bailout/support package saw markets storm higher on Tuesday with the Dow up more than 2,100 points, or over 11% at the close.
Read MoreThe Aussie share market rallied in late trade to finish at intraday high. #ASX 200 +189.2pts or +4.15% to 4753.3. All sectors improved. Energy stocks, banks, property stocks and tech were the best performers. Market fell 6% on Monday.
Read MoreASX recovers from steep losses as investors focus on US stimulus.
Read MoreAt 3.30 am Sydney time on this Friday, we will get confirmation that the world’s biggest economy had been brought to a dramatic and brutal halt by the coronavirus pandemic. That’s when the initial jobless claims for last week will be reported by the US Labor Department.
Read MoreThe longer US Congress argues over a stimulus package, the further Wall Street falls. Dow down -582.
Read MoreUS sharemarkets were weaker on Monday. The latest initiatives by the Federal Reserve failed to lift investor spirits. Maryland, Ohio, Louisiana and Delaware joined New York and California in issuing ‘stay at home’ orders.
Read MoreIn a televised address Boris Johnson announced the closure of all “non-essential shops” and told people to stay at home for the next 3 weeks. In the US Wall Street fell again despite the Fed saying it would vastly expand its efforts to shore up businesses and keep markets functioning.
Read MoreGold futures soared on Monday, jumping more than $US80 an ounce. That’s a jump of 5.6% and was the biggest daily dollar climb for the most-active contact, based on records dating back to 1984, and the largest one-day percentage rise since March 2009, according to Marketwtach.com.
Read MoreASX 200 plumbs new 8 year lows.
Read MoreASX 200 hits fresh 8 year lows.
Read MoreNew Zealand’s Reserve Bank is starting its version of quantitative easing to buy up to $NZ30 billion of Government bonds and try and inject more cash into the banks and the economy generally.
Read MoreUS sharemarkets fell by 3.8-4.6% on Friday.
Read MoreA second round of stimulus, aid spending, business loan guarantees and relaxed rules on superannuation are among the new measures from the Morrison government to shield millions of workers from the approaching economic slump.
Read MoreCOVID-19 will dominate the week here and offshore for everyone. Bailouts, support packages will again be at the forefront of events, likewise more cases of infections, deaths and a terrible toll on life as we know it.
Read MoreSo will global markets pick up this week after last week’s mass sell-off which verged on panic at times? Over last week US shares fell 15%, Eurozone shares lost a small 2.04%, Japanese shares shed 10.8%, Chinese shares dropped 6.2% and Australian shares fell 13.1%.
Read MoreThe Federal government has delayed its 2020-21 budget to October 10 from its mid-May timetable, while the states and territories are expected to follow suit and push their financial statements off to the same period.
Read MoreSo much for the promise showed in trading in Australia, the rest of Asia and Europe on Friday – Wall Street turned all that optimism on its head and fell 4% in a late sell-off that showed American investors are probably the most nervous of the lot.
Read MoreThe Australian sharemarket edged higher in unenthusiastic trade on Friday, with the ASX 200 lifting by 0.7%. The local market fell by 12% this week.
Read MoreI have ‘banged the drum’ before in regards to my opinion on IPO Wealth but in this current climate there are real risks to the value of their unlisted portfolio of assets.
Read MoreThe Australian sharemarket is lifting by ~3% at lunch on Friday, as some of the recently hardest hit stocks bounce back. Banks, property, industrials, tech and energy are all lifting strongly in what has been a challenging week for the market.
Read MoreThe coronavirus pandemic & associated shutdowns to economic activity now poses a significant threat to the outlook for property prices. The question is how big the threat is?
Read MoreA brief look at important company events and economic data releases next week.
Read More