Wall Street Soars As Powell Points To US Rate Cuts
Wall Street shares have surged after Federal Reserve Chairman Jerome Powell signalled the central bank was open to possible rate cuts later this year.
Read MoreWall Street shares have surged after Federal Reserve Chairman Jerome Powell signalled the central bank was open to possible rate cuts later this year.
Read MoreAustralia’s 3.8 million retirees should review their income generating investment strategy in light of the RBA’s decision to lower interest rates by 25bp today, according to Australian funds manager Plato Investment Management (Plato).
Read MoreNasdaq plunged into correction territory on Monday after the US government started targeting the big four tech stocks – Amazon, Apple, Facebook and Google (Alphabet).
Read MoreMoves by US competition regulators to scrutinise the FANG names sent those stocks crashing and the Nasdaq into correction territory, as the wider US market held firm. Dow up 4.
Read MoreMay’s modest 0.92% rise in the ASX (the only major market measure to rise in the month globally) was snuffed out yesterday in a sell-off that gathered pace as the day went on.
Read MoreMay’s sell-off was all Donald Trump’s work. The S&P posted a 6.6% monthly loss, while the Dow fell 6.7%. The Nasdaq fell 8.7%.
Read MoreWhile Trump’s tariff wars soured Wall St and raised fears of a global slowdown later in the year, the Aussie market was up 0.92% in May, making it one of the few major markets to enjoy a positive return.
Read MoreGlobal shares fell and safe-haven sovereign bond yields surged on Friday after President Donald Trump’s unexpected threat of tariffs on Mexican imports added to fears that his escalating trade wars will send the major economies into a slowdown and possible recession in coming months.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreThe S&P500 again managed to bounce off its 200-day moving average last night, but not with any great conviction. Dow up 43.
Read MoreThe US market adage “Sell in May and Go Away” has once again been nicely underlined by the slide in global markets since Donald Trump’s May 5 tweet that escalated the trade war to full bore.
Read MoreWith no signs of a trade resolution, investors have begun a rush into global bond markets. Dow down -221.
Read MoreThe Australian sharemarket is down by 0.7% at lunch, with all sectors in negative territory. Comments casting doubts over the likelihood of a US-China trade deal has pushed stocks lower.
Read MoreA global shift towards bonds with everyone back on board last night spooked Wall Street. Dow down -237.
Read MoreThe US sharemarket fell by close to 1% following five straight weeks of falls and after a long weekend. 29 of the Dow’s 30 stocks lost ground.
Read MoreThe ASX 200 has closed higher on Tuesday at 0.51%. Banks led the gains, along with Iron Ore prices which reached 5 year highs. The Aussie dollar sits at US$69.30.
Read MoreFiat Chrysler Automobiles (FCA) proposed a full merger with Renault in worth €33 billion that could add new life to Renault’s alliance with Nissan.
Read MoreThe local share market has risen as yesterday’s bank losses turned to gains in early trade on Tuesday. Bulk iron ore miners jumped as iron ore prices added to the gains of recent days and weeks.
Read MoreWith Wall Street closed for Memorial Day and with the UK also shut, it’s been a quiet 24 hours.
Read MoreThe US & UK markets were closed for holidays. Shares across Europe rose. Fiat-Chrysler & Renault surged on merger discussions. The Aussie market is set for a quiet start however a 4.2% surge in iron ore could boost our miners.
Read MoreThe ASX 200 has closed lower on Monday at -0.06%. Banks were the main weight. Vocus Communications (VOC) was the standout improver with a gain of around 17% in response to a takeover bid from private equity group EQT.
Read MoreThe ASX 200 has traded in and out of negative territory with a lack of direction on Monday in early trade. Banks are the main weight on the Index with all of the big four lenders lower by as much as 0.5% at lunch time.
Read MoreThe US sharemarket edged higher on Friday although fell short of putting an end to a five week losing streak for equities. The escalating US-China trade dispute has pushed technology and energy stocks lower.
Read MoreUS shares fell 1.2% last week, Eurozone shares lost 2.1%, Japanese shares fell 0.6% and Chinese shares fell 1.5%. UK shares lost heavily as the political instability hit the governing Conservative Party with Prime Minister Theresa May finally on Friday confirming her resignation next month.
Read MoreFriday saw the ASX end the week higher, despite easing from its post-election 11-year high.
Read MoreIn Australia we start the run-up to next week’s doubleheader – the Reserve Bank board meeting on Tuesday, June 4 and the release of the March quarter National Accounts and GDP figures the day after.
Read MoreThe Australian sharemarket eased by 0.55% on Friday with energy stocks, banks and supermarket chains weighing most heavily. The price of oil fell by 5.7%; the biggest tumble of the year.
Read MoreThe Australian sharemarket is under pressure for a second day, with concerns of US-China trade tensions dragging energy stocks down while profit taking is pushing banks lower.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreThe ASX is heading for a rough end to the week on Friday after a volatile night on global markets on Thursday.
Read MoreWall Street is beginning to concede that the trade war may be here to stay for the foreseeable future. Dow down -286.
Read MoreThe Dow Jones index ended lower by 286 points or 1.1% after falling by more than 400 points at its lows. The S&P500 index lost 1.2%. And the Nasdaq index fell by 122 points or 1.6%.
Read MoreThe Australian sharemarket eased by 0.29% on Thursday after six straight sessions of gains. While there were more winners than losers on the market, profit taking from the banks weighed heavily.
Read MoreThe ASX 200 has retreated in early trade, reflecting weakness on Wall St overnight. Additionally, bank names have been the greatest weight on the index having posted considerable gains in recent days.
Read MoreWall Street was weaker last night but not dramatically, with too many unknowns hampering further upside. Dow down -100.
Read MoreAfter being down 122 points at one stage, the Dow Jones index ended lower by 101 points or 0.4%. The S&P500 index lost 0.3%. And the Nasdaq index fell by 35 points or 0.5%.
Read MoreDespite a quieter day for the Australian sharemarket, gains from property & energy stocks helped to keep the market positive as investors continue to digest the surprise election outcome.
Read MoreWeak first-quarter reports from US retailers highlight the impact of the first round of tariff rises on US imports from China, with worse to come from the latest round.
Read MoreThe Australian sharemarket is down slightly at lunch while remaining near the 11.5 year high hit on Tuesday. Fortescue Metals (FMG) is a weight as it trades ex-dividend.
Read MoreUS chip-makers have been granted a 90-day reprieve before being banned from supplying Huawei. Dow up 197.
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