Fed Pumps In $1.5 Trillion Amid Crashing Markets
The Federal Reserve pumped $US1.5 trillion into the US financial system on Thursday to try and provide enough liquidity to ease the stress in short-term funding and US Treasury markets.
Read MoreThe Federal Reserve pumped $US1.5 trillion into the US financial system on Thursday to try and provide enough liquidity to ease the stress in short-term funding and US Treasury markets.
Read MoreRetailers and small to medium businesses, apprentices and people on welfare benefits are the initial winners from the Morrison government’s coronavirus stimulus package.
Read MoreThe Aussie market has continued to sell-off as the announcement of a stimulus package from PM Scott Morrison and an address by US President Donald Trump was unable to ease market fears of a global economic slowdown due to the coronavirus outbreak.
Read MoreStocks globally have taken little encouragement from stimulus measures announced by the Prime Minister Scott Morrison and the US President, Donald Trump. US stock futures have slumped in after-hours trade.
Read MoreFNArena’s weekly update on short positions in the Australian share market.
Read MoreWHO makes the inevitable declaration. Dow down -1464.
Read MoreUS sharemarkets fell by around 5-6% on Wednesday with investors still awaiting an economic stimulus package from the White House.
Read MoreThe ASX is poised to plunge when trading resumes this morning after the trading on the futures market for the ASX 200 drove a 200 point slump overnight.
Read MoreThe great 11-year bull run on Wall Street ended on Wednesday in a red-soaked session, and also ended Donald Trump’s boastful claims that he has been the one responsible for the market boom.
Read MoreMarket optimism over government policies from PM Scott Morrison and the Trump administration in the US waned with details of fiscal stimulus to shore up economies were delayed. The ASX 200 slumped 213 points or 3.6% to continue its trend lower to fall to its 11th loss in the last 14 trading days.
Read MoreThe local sharemarket has seen a volatile start to trade as investors wait for widely vaunted economic support measures to be announced locally, while US lawmakers haggle over the substance of similar initiatives in the US.
Read MoreStock markets locally and in the US have rebounded sharply on the promise of fiscal stimulus packages. Dow up 1167.
Read MoreUS sharemarkets remained volatile, awaiting details of the economic response to the COVID-19 crisis from the White House.
Read MoreASX Set For Modest Open After Sharp Rebound
Read MoreWall Street had another volatile day with three big swings – it opened higher, then fell into the red, traded sideways for a while and then bounced in the final hour to end the session sharply higher, but well short of Monday’s record losses.
Read MoreAs the Federal government starts announcing its COVID 19 fighting plans and stimulus, the latest report on the health of the Australian economy shows it is in dire need of help.
Read MoreIn a sign of the slowdown in economic activity in February in the wake of the intensification of the coronavirus crisis, Chinese producer price inflation dipped back into deflation in February.
Read MoreFollowing a sell off on Wall Street overnight, the index was down as much as by 220 points or 3.3% before a turnaround of near 7%. An important catalyst for the turnaround was the news that the US would announce fiscal stimulus to boost the world’s largest economy. By close, the ASX 200 added 179 pts or 3.11% at 5939.6 to finish on best levels of the day.
Read MoreGiven the extreme uncertainty in all of this Shane Oliver looks at various scenarios in relation to global and Australian economic growth and what signposts to look at in relation to how it may unfold.
Read MoreASX 200 consolidates after yesterday’s selling rout. Investors take heart from a US proposal to cut payroll taxes in an effort to support US businesses.
Read MoreA collapse in the price of oil and in US bond yields has led the Dow down -2013 points.
Read MoreWall Street has suffered its biggest one day decline since the Global Financial Crisis in 2008 as the oil price war added to already nervous markets from the coronavirus outbreak. At the close, the Dow Jones index was lower by 2014pts or 7.7%.
Read MoreWall Street closed down more than 2,000 points, or 7.8% in the worst day for US stocks since December 2008 and US government debt yields touched record lows on Monday, after a crash in the price of oil rocked markets already reeling from the impact of the coronavirus.
Read MoreSo where will the ASX go on Tuesday after Black Monday’s capitulation by investors across the world in the face of the COVID-19 virus’ uncertainty and the collapse in oil prices which triggered a plunge in energy shares?
Read MoreGlobal oil futures plunged to four-year lows on Monday in the biggest one-day drop since 1991 as OPEC and Russia appear shaped up for an all-out price war. From now on oil prices will be eroded slowly as the shape of the price war between Saudi Arabia and Russia emerges.
Read MoreGlobal markets, which have been concerned over the coronavirus outbreak and the potential fallout for economies around the world, are now dealing with another issue in plunging oil prices.
Read MoreThe ASX 200 is suffering one of the worst daily declines in over a decade. Global markets are now dealing with another issue in plunging oil prices, adding to existing concerns over the coronavirus outbreak & potential fallout for economic growth.
Read MoreWall Street marked another turbulent week as shares whipsawed on Friday. While it was another day of declines for US indices, the Dow rallied in late trade, to close well off its lows late in the day. All major US indices rose over the week.
Read MoreIt will be another week dominated by COVID-19 cases around the world, the reaction to them from markets and panicking consumers hellbent on owning years and years supplies of toilet paper, dry pasta, rice, and UHT milk.
Read MoreIt will be another rough start to trading on the ASX today after Friday’s volatile day on Wall Street and more bad news about the health of the Chinese economy at the weekend.
Read MoreWhile the Coronavirus will again be the major influence on sharemarkets – especially those in the US which seems to be at sea on coping with the crisis, as does Iran, Italy, and France – investors will be watching bond markets closely after last week’s record slide in yields to a series of new lows in the US and Australia.
Read MoreFirst, it was China’s manufacturing and service sector activity levels that plunged to recessionary lows last month, now the country’s trade performance in January and February have shown a similar weakness.
Read MoreAs widely expected Australian retail sales fell in January, while December’s drop was deepened in a revision – all pointing to the worsening dip in consumer spending that is sure to continue for months to come.
Read MoreOfficial Chinese figures at the weekend showed that imports held up – sort of in January and February, but because of the government’s decision to combine both months (which they have done before in past years), it is hard to work out the real performance.
Read MoreThe Aussie market has closed out another volatile week in the red. The ASX 200 tumbled 179.5pts or 2.81% to 6216.2 as all sectors fell. Banks were the main drag with NAB sliding 5.5% and falling to the lowest levels since 2012. Travel stocks were also hit hard.
Read MoreI have returned from a trip to the USA to find equity markets in turmoil. The bond markets had been warning of this turmoil since late January as I highlighted in late January in my ShareCafe article. The question now begs is it time to wade back into the market?
Read MoreWhile the Aussie market had its second best day of the year on Thursday, local shares have easily wiped out all those gains at lunch on Friday. Coronavirus fears continue to keep markets on edge.
Read MoreAnother day, another thousand point (almost) move in the Dow, this time down again (-969).
Read MoreThe US sharemarket is back in the red, with all 30 stocks on the Dow Jones slipping with an hour of trade remaining. Travel sensitive stocks like Carnival, Royal Caribbean, United & American Airlines are down 10-17%.
Read MoreAnother big fall is in store for the local market today after Wall Street reversed much of Wednesday’s huge rise and plunged on Thursday.
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