Wall St Shakes Off Virus Fears
Despite Friday’s falls, it was still a strong week with the Dow up 3%, the S&P 500 index advancing 3.2%, and the Nasdaq added 4%.
Read MoreDespite Friday’s falls, it was still a strong week with the Dow up 3%, the S&P 500 index advancing 3.2%, and the Nasdaq added 4%.
Read MoreNews on coronavirus will continue to dominate the coming week around the world as markets attempt to assess whether it is being contained or not and the size of the impact on global growth.
Read MoreThe Australian sharemarket eased by 0.38% on Friday due to losses from resource stocks and banks. The ASX 200 index edged higher this week.s
Read MoreThe Aussie market is looking to snap a three-day winning streak with the ASX 200 easing on broad-based losses led by materials and energy. The benchmark index is down close to 0.5% at lunch with only consumer staples providing much resistance.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreUS sharemarkets hit record highs during Thursday’s session. Investors were encouraged by China’s move to cut tariffs a day after the central bank cut interest rates.
Read MoreWall Street’s rally continued last night but with less exuberance, despite news China is cutting tariffs. Dow up 88.
Read MoreSanta didn’t stop at Australian retailers in December 2019 and where he paused, shoppers were not very enthusiastic.
Read MoreThe Aussie market has extended its winning run into a third day with the ASX 200 climbing 73 points or 1.05% to 7049 as investor concerns over the coronavirus ease globally. Banks, miners & CSL were the main contributors to what was broad based gains.
Read MoreLocal equities are lifting for a third day as US market hit record highs and the daily growth rate of coronavirus infection steady.
Read MoreThe China coronavirus outbreak has led to concerns of a global pandemic triggering an economic downturn. Our base case is that the outbreak will be contained allowing share markets and bond yields to rebound.
Read MoreAnother surging recovery session on Wall Street and we’re back at new record highs. Dow up 483.
Read MoreUS sharemarkets rose on Wednesday. Investors were encouraged by strong economic data and reports of progress by scientists in developing treatments for coronavirus.
Read MoreCar sales have started 2020 in their weakest state since the GFC with the lowest January figures for 8 years.
Read MoreWhile the Australian sharemarket edged higher for a second day, the gains fall short of recouping Monday’s losses. Markets likely to remain volatile as coronavirus spreads.
Read MoreLocal shares have followed global markets higher with the ASX 200 briefly breaking back above 7,000pts. Health, mining & tech names have been among the leading contributors while defensives such as consumer staples, utilities & gold underperform.
Read MoreA stuttering rebound on Monday night became more determined last night on Wall Street. Dow up 407.
Read MoreUS sharemarkets rose sharply in response to the stimulus provided by China’s central bank.
Read MoreThe Reserve Bank of Australia has again kept interest rates unchanged – as expected by most economists – but remains ready to reduce them if needed should the economy require it.
Read MoreIt was an improved session for the Aussie market with the ASX 200 lifting 25 points or 0.37% to 6948. Retail stocks were among the most improved while energy names lagged. The Aussie dollar also rallied after the RBA kept rates on hold at 0.75%.
Read MoreLocal shares are modestly higher at lunch on Tuesday after the steep retreat seen on Monday. Health care names are the most improved, along with consumer discretionary operators. Shares in Temple and Webster (TPW) surged after reporting better than expected earnings.
Read MoreA solid rebound faded to only a minor rally on Wall Street last night as the market continues to struggle with virus impact. Dow up 143.
Read MoreThe US sharemarket is up by around 0.5% with 1 hour of trade remaining; only enough to recoup a quarter of Friday’s declines as the coronavirus remains a concern.
Read MoreCommodity and equity markets are telling different stories.
Read MoreChinese shares fell to near two-month lows yesterday – which was not unexpected given the way the coronavirus crisis continues to grow.
Read MoreThe Aussie market suffered a heavy loss to start the new week and month with the ASX 200 sliding 94 points or 1.34% as concerns grow over the potential impacts of the coronavirus outbreak. Energy, mining and bank stocks were among the major drags while safe havens such as gold stocks improved most.
Read MoreThe ongoing concerns over the coronavirus outbreak has weighed on the local sharemarket as we move into the month of February.
Read MoreThe US sharemarket fell by 2.1% on Friday, making it the worst day in five months and enough to wipe out all of January’s gains for the Dow Jones.
Read MoreThe ASX is looking at losses in the tens of billions of dollars when trading resumes later today – but that may only be the start if the Chinese stockmarket tanks as expected when trading resumes after the week-long New Year holiday and escalation of the coronavirus crisis.
Read MoreBy the end of the week we should have a good idea what the RBA thinks as to where the economy is headed with several major updates to be released and two speeches from Governor Phil Lowe.
Read MoreA massive week globally for markets as China’s coronavirus crisis deepens, investors head for safety in bonds and gold, concerns re-emerge about the health of the US economy with the January jobs data due on Friday and the mixed weak 4th quarter earnings season continuing.
Read MoreThe Australian sharemarket edged higher by just 0.1% on Friday, but still rose by 5% in January despite coronavirus concerns. Healthcare and tech stocks surged by around 11% this month.
Read MoreSlowly but surely yields over time will be crunched, the longer interest rates stay low. The prices reached by some of these assets will be “unimaginable” today. But then again 12 months ago a 40% rise in TCL was also laughed at.
Read MoreLocal shares have followed the example set by their US peers overnight & moved higher on Friday. Investors have been encouraged by the assessment of the WHO which highlighted that Chinese authorities are managing the Coronavirus pandemic effectively.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreOur high-level investment view for this year is that a combination of improving global growth-boosting profits and still easy monetary conditions will help drive reasonable investment returns, albeit more modest than the very strong gains of 2019. This note revisits five charts we see as critical to the outlook.
Read MoreWall Street is keeping virus concerns back of mind as it focuses on earnings results, with Amazon shooting the lights out after the bell. Before the bell, Dow up 125.
Read MoreUS sharemarkets fell in line with other global markets on Thursday as investors dissected the economic and financial effects of the coronavirus.
Read MoreAfter years of standing against his own, hard-nosed, but accurate reality, Warren Buffett has thrown in the towel on his small newspaper business and departed the sector.
Read MoreThe Aussie sharemarket fell by 0.3% on Thursday as coronavirus concerns continue. Newcrest (NCM) and Fortescue (FMG) both fell on underwhelming quarterly results while travel stocks lost ground.
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