Overnight: Much Ado
Wall Street clearly did not know what direction to run in last night, which may actually be a good sign. Dow up 188.
Read MoreWall Street clearly did not know what direction to run in last night, which may actually be a good sign. Dow up 188.
Read MoreUS sharemarkets lifted on Thursday in yet another volatile session. Investors were encouraged by moves by the US Federal Reserve.
Read MoreIf the overnight futures market is any guide, the ASX should start trading this morning with a roar – more than 190 points if the SPI is any guide. But as we have seen in the past month solid starts to trading have been promised on numerous occasions based on the overnight futures market, only to have something very different happen when trading gets underway.
Read MoreThe RBA has rolled out a series of measures that it hopes will help Australia “build a bridge” and eventually bounce back from the current disaster. Expect the low cash rate of 0.25% to be around for at least three years as the COVID-19 pandemic wreaks havoc on the local and global economy.
Read MoreThe Aussie market fell by 3.4% on Thursday, hitting a four-year low with energy stocks down 7%, while airlines and retailers fell heavily. The RBA cut interest rates by 25bps as expected and announced other measures to support the economy.
Read MoreThe Reserve Bank will leave its cash rate at the new record low of 0.25% until the economy rights itself and emerges from the COVID-19 crisis. In a coordinated response banking and financial regulator, APRA is also relaxing the current capital adequacy requirements on banks.
Read MoreThe ASX 200 gave up a 3% gain to be lower at lunch as investors considered the latest developments in relation to US economic support measures and local employment data.
Read MoreAs the world locks down, Americans are selling stocks, bonds, gold and oil and buying guns. Dow down -1138 after a +1000 point comeback.
Read MoreUS sharemarkets slumped on Wednesday. Investors continue to wait for details and approval on a touted $1.3 trillion stimulus package from Congress.
Read MoreWall Street ended sharply lower on Wednesday after another rough day of trading that saw trading halt during the session. The Dow was off well over 2,000 points at one stage but recovered a touch to close down 1,388 points.
Read MoreOn the whole, Wednesday was another miserable day for commodities, especially oil. Oil prices were hammered in global markets, dropping to yet another round of 18-year lows, gold, copper, and silver slid, but iron ore edged higher for yet another day.
Read MoreThe Australian sharemarket slumped by 6.4% on Wednesday, reversing Tuesday’s gains and taking the losses to around 30% in just 19 days. Coronavirus concerns continue to keep markets on edge.
Read MoreUS sharemarkets posted solid gains on Tuesday. Investors were encouraged by moves by the Federal Reserve to buy debt directly from companies. Investors were also encouraged by news that a US$1 trillion fiscal stimulus package is being considered.
Read MoreGovernments and central banks are throwing everything at their economies while more doors shut to ward off the virus. Dow up 1048.
Read MoreThe Aussie dollar fell to new 17 year lows under 60 US cents after the greenback rose and Wall Street ended the day with gains of 5%-6% after a major move by the US Federal Reserve calmed nervy investors large and small.
Read MoreThe New Zealand government of Jacinda Arden has revealed a massive coronavirus assistance package that aims to support businesses and their employees through the looming downturn.
Read MoreThe ASX 200 closed on the best point of the day adding 291.4 pts or 5.83% at 5293.4. The index avoided falling below Friday’s low of 4,873, bounced off 5,000pts & shook off the US market’s massive 12.9% decline last night.
Read MoreWhile we haven’t seen a pandemic driven bear market before the basic principles of investing have not changed. Shane Oliver revisits five charts particularly useful in times of stress.
Read MoreLocal shares rebounded on Tuesday having suffered some of the worst declines on record a day earlier.
Read MoreMarkets are now pricing in an inevitable recession as stage by stage, everything is closing down. At this point fear continues to override monetary and fiscal stimulus. Dow down -2997.
Read MoreThe US sharemarket slumped by 12.9% last night, making it the biggest daily percentage decline since 1987. All 30 stocks on the Dow fell as world leaders ramped up their response to COVID-19.
Read MoreThe ASX is again facing big losses at the start of trading Tuesday after huge falls across the globe on Monday as the economic and social impact of the coronavirus worsened.
Read MoreThe Reserve Bank of New Zealand has joined the growing list of central banks making an emergency cut in its key interest rate on Monday morning, slashing the Official Cash Rate from 1% to a new record low of 0.25%.
Read MoreAll sectors finished deep in the red with consumer staples stocks the least affected. Industrials, energy & banking stocks recorded the worst falls.
Read MoreThe Australian sharemarket is coming under substantial pressure at lunch, following surprising rate cuts and stimulus from the US central bank which has spooked markets. Travel stocks remain some of the hardest hit.
Read MoreAnalysts at Russell Investments take a closer look at the current investment landscape and offer a simple solution for investors looking for yield.
Read MoreASIC, the stock market regulator has cracked down on high-speed investors who have been blamed for much of the increased volatility in the ASX in the current period of elevated volatility.
Read MoreThe US sharemarket surged by 9.3% on Friday; its best daily gain since 2008 as global authorities step up their response to the coronavirus. Keep in mind shares slumped by 9.5% on Thursday.
Read MoreThe US Federal Reserve has slashed its key interest rate and will start a massive $US700 billion in a new round of quantitative easing to try and ease growing pressures in US financial markets caused by the growing damage the spread of the COVID-19 virus is doing in the US.
Read MoreThe full extent of the damage caused to China’s economy by the coronavirus, COVID-19, is now starting to emerge and will be further quantified later today when data on investment, retail sales, and industrial production emerge for January and February.
Read MoreInterest rate cuts won’t cure the coronavirus but US investors are still hoping the Federal Reserve will do something this week to help soothe the broiled stock market.
Read MoreThere’s a major change happening on the boards of Warren Buffett’s Berkshire Hathaway and Microsoft. Both companies revealed on Friday that Microsoft co-founder, Bill Gates will be stepping down shortly.
Read MoreWall Street rebounded strongly in the last hour of trade overnight, adding almost 1,000 points for a gain of more than 9% on the day to end of what was one of the most miserable weeks in market history.
Read MoreIt was a remarkable session with the ASX 200 swing a massive more than 650 points to close 234pts or 4.4% higher after what was expected to be another rough session for local shares. In what has been a volatile week, the benchmark index still fell 10% over the past 5 sessions.
Read MoreThe Bank of Canada has followed the US Federal Reserve with plans to flood its money markets with billions of dollars in extra liquidity as its markets threaten to become illiquid, like America’s main financial markets did on Thursday.
Read MoreThere has been no respite for investors on Friday as the ASX follows another sell-off on Wall Street. Investors remain rattled over the coronavirus spread & the questions over the effectiveness of government responses.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreTrump has shut out Europe and Congress has failed to yet reach agreement on a stimulus package, thereby swamping any potential relief from Morrison’s fiscal injection. Dow down -2352.
Read MoreUS sharemarkets slumped on Thursday as Investors remain disappointed about the absence of a stimulus plan.
Read MoreUS stocks staged a fresh, bigger slide on Thursday, pushing the S&P 500 index and Nasdaq Composite into a bear market where they joined the Dow. By the close hundreds of billions of dollars in value had been shed by the value of Wall Street shares.
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