AM Report: Tech Stocks Lead Wall St Higher
Jones index rose by 197 points or 0.8%. The S&P500 index rose by 0.9%. And the Nasdaq index rose by 83 points or 1.1%.
Read MoreJones index rose by 197 points or 0.8%. The S&P500 index rose by 0.9%. And the Nasdaq index rose by 83 points or 1.1%.
Read MoreThe Australian sharemarket hit an 11.5 year high thanks to a 0.37% gain on Tuesday. The RBA made comments suggesting rate cuts in June and August are possible.
Read MoreLocal shares were weighed down in early trade reflecting the losses on Wall Street, although the Index found its footing helped by the minutes from the last RBA meeting which pointed to a rate cut in the event that the employment market deteriorates.
Read MoreThings are not improving on the US-China trade front, they’re only getting worse. Dow down -81.
Read MoreThe Dow Jones index lost 84 points or 0.3% after being down 203 points in the session. The S&P500 index fell by 0.7%. And the Nasdaq index lost 114 points or 1.5%.
Read MoreAustralian shares will start strongly today after the Morrison Government retained power.
Read MoreWall Street stocks bounced back from big early losses in Friday session, but still fell short on the day and closed lower as trade-related jitters with China and the EU dominated some surprisingly strong economic data.
Read MoreIn Australia, the initial focus this week will be the outcome of the Federal election, especially the shape of the Senate.
Read MoreThe response in time is likely to be more regulation.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreA Street-beating earnings result from Walmart was enough to send US stocks higher once more, largely back to square for the week. Dow up 214.
Read MoreWarren Buffett’s Berkshire Hathaway on Wednesday has confirmed finally that it has invested more than $US800 million in building a toehold in the share register of Amazon.
Read MoreAs the White House is stuck in negotiations with China, a planned tariff increase on European cars has been postponed. Dow up 115.
Read MoreWall Street has bounced, but not shaken off expectations of further falls to come. Dow up 207.
Read MoreA major about-face on maintaining its dividend payout and a loss in the latest full-year results from London based telco, Vodafone Group PLC help explains why the company wants to abandon Australasia through sales of its operating arms in Australia and NZ.
Read MoreSo ‘sell in May and go away’? It’s an old adage for markets, but Monday’s slump on Wall Street brought new focus to the saying and the thinking behind it.
Read MoreRetaliation from China, although not unexpected, proved all too much for Wall Street last night. Dow down -617.
Read MoreLast week saw Australian shares battle a noisy week of trading, as investors sold-off ahead of the US’s tariff increase on Chinese imports on Friday.
Read MoreThe May 18 election dominates Australia this week, but amidst all the clamour we will get two very important updates on the health of the economy with the release of two key indicators the Reserve Bank is now concentrating on – the health of the labour market and strength of wages growth.
Read MoreThanks to a late rally on Friday night, Wall Street ended in the green for the day, but not the week.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreWall Street was tanking again last night when Trump received a “beautiful letter” from his Chinese counterpart. Dow down -138.
Read MoreChina’s imported edged up in April instead of falling as expected by the market, with crude oil imports leading the way, rising 11% year on year to a record for the month of 10.64 million barrels per day (bpd), according to the country’s General Administration of Customs.
Read MoreThe Reserve Bank of NZ blinked first and has cut its official cash rate by a quarter of a point to 1.50% at which level it is now on par with the Reserve Bank of Australia’s key rate.
Read MoreHaving rebounded from an initial -470 point fall on Monday, last night the Dow last night gave way to increased trade fears and fell -473.
Read MoreNo rate cut from the Reserve Bank as it sat on its hands at the May meeting yesterday, meaning there will be no change to rates in the current federal election campaign.
Read MoreTroubled US consumer goods giant, Kraft Heinz Co is facing a widened probe by regulators after having been forced to restate financial reports for the past two and three quarter years to eliminate accounting errors totalling just over$US208 million.
Read MoreWall Street staged a major comeback from its Trump-inspired plunge at the open, turning a -470 loss into a mere -66 for the Dow.
Read MoreThe sell-off in global markets in the wake of Donald Trump’s threat to impose new tariffs on $US200 billion of Chinese exports to the US eased overnight and the ASX is looking at a solid start to the session later this morning.
Read MoreWarren Buffett is facing an ironic situation – the share price of the world’s best known and successful investor, Berkshire Hathaway is being outperformed by his own company’s share portfolio.
Read MoreWarren Buffett’s Berkshire Hathaway is expanding its involvement in the megatechs. First, it was Apple where Berkshire is the third biggest investor. Now the company has dipped its toe into the share register of Amazon.
Read MoreWarren Buffett’s Berkshire Hathaway first-quarter profit has been overshadowed by an unprecedented split between Berkshire’s 26.7% owned Kraft Heinz Group and its auditors which prevented Kraft Heinz from filing its quarterly profit last week.
Read MoreFor that reason, the ASX 200 will trade cautiously when trading re-opens later this morning, even though the overnight futures trading ended the week up 30 points on Saturday morning, our time.
Read MoreA hesitant, mixed week of activity on global stock markets last week and while the strong US jobs report for April on Friday night helped Wall Street to a solid gain for the day, we didn’t see a repeat of the gains from the week before.
Read MoreWhile the US March quarter earnings season slows this week the most important set of results will be released in Brazil by Vale, the big global iron ore exporter.
Read MoreLooking through our clients’ DIY superannuation portfolios, you can see that the Labor Party’s proposed tax changes will really mean that you need to organize your tax affairs to avoid losing your excess franking credits.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreWall Street continued to slide lower, rather than plunge, on Fed policy reverberations. Dow down -122.
Read MoreWall Street is disappointed the Fed sees low inflation as merely transitory. Dow down -162.
Read MoreApril has gone and for financial markets, it was a moderately successful month – in the US, another record breaker.
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