Overnight: Earnings Volatility
It was a big night on the US earnings front with share prices shooting up and down, as evidenced by a 0.5% gain for the S&P and -79 point drop for the Dow.
Read MoreIt was a big night on the US earnings front with share prices shooting up and down, as evidenced by a 0.5% gain for the S&P and -79 point drop for the Dow.
Read MoreNot quite there, but close for the ASX 200 while the All Ords managed to rescale that distant 2007 peak. It’s the pre-GFC all-time high for the ASX’s major markers – the All Ords and the ASX 200.
Read MoreStandby for some nervous times ahead in the stock market after the US Justice Department revealed a sweeping inquiry into the market power of big techs.
Read MoreWall Street surged mid-session on news we heard on Monday night. Dow up 177.
Read MoreWhile the yield curve is flashing warning signs and issues around trade and Iran could cause short-term volatility, the excesses that normally precede US recessions – a spending boom, surging private debt and/or rising inflation/tight monetary policy – are absent.
Read MoreThe ASX 200 Index closed the week 3.8 points, or 0.06%, higher at 6700.3 while the broader All Ordinaries eased 2.6 points to 6786.2. Gold miners did well last week as the price of the precious metal hit a six-year high.
Read MoreWall Street fell on Friday, losing earlier gains on reports that the US Federal Reserve won’t cut rates by half a percent as so many investors reckon it will.
Read MoreCommodities generally had a good week with most ending trading on Friday higher – but not oil, even though there was a spurt on Friday over the latest uptick in tensions in the Middle East.
Read MoreThe big mega techs will dominate this week in the US reporting season and while investors refused to look beyond Netflix after the streaming giant reported a surprise dip in US subscriber numbers and the lowest growth in new paying customers for three years, a stumble by one or more of this week’s reporting groups could knock the market sideways.
Read MoreInvestors will learn tomorrow night, Sydney time who the new British prime minister is – it is expected to be Boris Johnson, the face of the Leave campaign in the 2016 Brexit referendum. He is widely believed to have won the vote of Conservative Party members in the six-week-long campaign to become the UK’s new leader.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreNetflix has shocked with its worst fall in quarterly new subscriber numbers with an unexpected and significant shortfall on its own forecasts for the June quarter.
Read MoreBoeing Co shares rose 2% in after-hours trading on Thursday in the wake of the airline maker revealing the 737 MAX groundings across the world will cost it $US5.6 billion (A8 billion) in the second quarter, with as yet unquantified billions of dollars in lower profits on the airline in coming years.
Read MoreWall Street recovered initial losses last night after Fedspeak tightened the odds of a -50 point rate cut. Dow up 3.
Read MoreNervousness is growing on Wall Street in summer-thin trade. Dow down -115.
Read MoreWall Street heard mixed news on economic data and trade last night, but appears poised to learn more on the earnings front. Dow down -23.
Read MoreThe plan to float the Fosters and other Asian beer brands owned by the world’s largest brewer, Anheuser-Busch InBev (ABInBev), has been scrapped for the time being.
Read MoreAustralian shares are looking at a weak start this morning despite a solid ending to last week on Wall Street on Friday which saw all three major indexes close at new highs.
Read MoreThe US June quarter corporate earnings season gets under way in earnest this week with America’s major banks set to kick off the reporting.
Read MoreChina is expected to report its slowest economic growth in at least 27 years later today when it reveals its June quarter and first half (for 2019) GDP figures.
Read MoreAustralian jobs and mining company quarterlies, Chinese growth, US earnings and a scattering of other data for investors to chew over as Wall Street starts another week at record levels.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreThe Dow crossed 27,000 for the first time last night, but it was a bit smoke & mirrors. Dow up 227 but not matched by the S&P.
Read MoreThe chances of a US rate cut seem to have improved sharply after the first of two appearances before US Congress by US Federal Reserve chair Jay Powell.
Read MoreUncertainty lead to the certainty of a Fed rate cut. Dow up 76.
Read MoreFor the first time in months, Chinese consumer inflation was steady in June, but there was a worrying slowdown producer price rises which fell to the slowest pace since mid-2016.
Read MoreWhile many listed companies have rolled out charts showing a mountain of work available, the infrastructure boom may not be the gift to Australian contractors the market is assuming.
Read MoreWall Street closed flat as traders await the Fed Chair’s testimony to Congress tonight. Dow down -22.
Read MoreWith most players back from a long weekend, the strong jobs report continued to reverberate as expected but there was little sign of panic on Wall Street. Dow down -115.
Read MoreDeutsche Bank is sacking a total of 18,000 people as it destroys its equities business and cuts its fixed interest trading business – one of its traditional strengths – to a mere shadow of itself.
Read MoreAll it took was the reality of the US jobs report for June and that 9% slide in iron ore prices late last week and the Australian market’s charge to the peak to its November, 2017 all time high was terminated yesterday for the time being.
Read MoreDespite last week’s 2% rally in the ASX and the market charged towards its all-time November 2007 high, don’t expect a repeat of that performance, at least today.
Read MoreUS shares dipped on Friday as the strong jobs report for June wiped hopes for a 50-basis point Fed rate cut at the end of this month and probably a 0.25% trim as well.
Read MoreThe Fed Reserve in the US and the Chinese economy will be major areas of interest for markets and investors this week.
Read MoreTonight’s US jobs report is the most critical in many months, as it will go a long way towards justifying, or otherwise, the market’s emphatic expectation of a Fed rate cut or cuts ahead.
Read MoreMarkets were quiet last night with the US on holidays.
Read MoreA day after Wall Street hit new highs, the ASX has ended a fresh 11-and-a-half year high on Thursday thanks to a recovery in banking stocks.
Read MoreWall Street rose solidly on Wednesday in a shortened pre-Independence Day session, with each of the major indexes ending at a record high.
Read MoreFourth of July celebrations started early on Wall Street with all of the S&P500, Dow and Nasdaq hitting new all-time highs.
Read MoreMagellan Asset Management’s Hamish Douglass shares his thoughts with Informed Investor about the influence of the Trump Whitehouse on equity markets.
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