BAML Survey Finds “Extreme Bearishness” Amongst Fund Managers
The monthly survey from Bank America Merrill Lynch shows a deep bearishness now grips big global investors who have headed for safe havens like bonds.
Read MoreThe monthly survey from Bank America Merrill Lynch shows a deep bearishness now grips big global investors who have headed for safe havens like bonds.
Read MoreA -7% collapse in the oil price and the threat of a US government shutdown killed off an attempted rebound on Wall Street, ahead of a late comeback. Dow up 82.
Read MoreHaving broken its October and November lows, the S&P500 appears en route to the February low if simply for technical reasons. Dow down -507.
Read MoreAnother late Friday selloff has left the ASX looking at a 30 point plus fall at the start of trading later today.
Read MoreThe big banks were a deadweight for the ASX last week and that won’t change this week with NAB and the ANZ holding what will turn out to be contentious annual meetings on Wednesday.
Read MoreA 2019-20 budget will be outlined later today with the pre-election Mid-Year Economic and Fiscal Outlook (Myefo) from the Morrison government and a set of big spending policies to chew up a surplus and around billions in extra revenues.
Read MoreWatch for an interest rate cut or another relaxation in the reserve asset ratio for Chinese banks in the next few days after November’s production and sales report showed a weakening economy that looks like it is approaching stall speed.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreWall Street seemed convincingly undecided last night, if not all week, given all that’s going on in the world. Dow up 70.
Read MoreAfter months of negative publicity and criticism at the Hayne Royal Commission and on some other corporate regulatory issues, ASIC is ending 2018 with a major win on a high profile case which at one stage was lost in 2016 in an adverse Federal Court ruling.
Read MoreMore positive news on the trade front had Wall Street surging last night but a less than convincing win by Theresa May cast a pall right at the death. Dow up 157.
Read MoreA rare good day on the ASX with a solid gain on hopes the US-China trade war may be losing some heat and some strength back in bank shares even though Westpac took a strike on its remuneration report at its annual meeting in Perth.
Read MoreDow up 370, down -200, up 100, closing up 44. Is Wall Street trying to find a bottom?
Read MoreApple led a rebound on Wall Street last night that reversed a -500 point initial fall in the Dow to a close of up 34.
Read MoreAccording to more and more market analysts, Wall Street is heading for stepped up selling pressure after a key chart showed the key S&P 500 had entered a significantly bearish formation.
Read MoreAnother grinding start to ASX trading today after a tough night on Friday offshore, especially in US markets.
Read MoreBrexit dominates events this week with the key UK House of Commons vote due on Tuesday night, our time and bound to set a historic precedent, no matter the outcome.
Read MoreMore definite signs that China’s trade war with the US and slowing global economic growth are starting to have a growing impact on its exports, judging by the country’s November trade report, released on the weekend.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreThe arrest of the Huawei CFO in Canada has sparked fears of an end to the trade war truce. Or has it? Dow down -192.
Read MoreNo decision on a cut to oil production by OPEC or anyone else – news that has added to the uncertainty in global markets overnight Thursday caused by the arrest in Canada of a senior executive of Chinese telecommunications equipment maker Huawei which saw markets in Europe and the US sell off again.
Read MoreWith Wall Street closed, Beijing has since confirmed a ninety day ceasefire, but not much else.
Read MoreThe US yield curve has flattened sharply as trade deal hopes fade with a lack of clarity, sending Wall Street south once more. Dow down -799.
Read MoreSo where did Monday’s bullishness go yesterday? After the 104 point surge on Monday, the enthusiasm for the Trump-China ceasefire and the OPEC production cap ran out of puff when it got to Wall Street.
Read MoreWall Street was sold off heavily on Tuesday night, and with the markets closed tonight as a mark of respect to the late George H.W. Bush, the next two days are going to be fraught with tension for global investors without a lead from the US.
Read MoreWall Street did not quite “explode” last night as was expected, with some doubts being raised over just what Trump and Xi actually agreed to. Dow up 287.
Read MoreDonald Trump did it again for the ASX for the second time in just over two years as the local market started December with a bang.
Read MoreSo how will markets jump in the wake of the G20 meeting in Argentina between President Trump and President Xi of China?
Read MoreAustralian shares had better stage an almighty rebound this month otherwise the ASX is on track for a nasty final quarter and loss-making year.
Read MoreAt the third attempt in five days, Microsoft has finally regained the mantle as the world’s most valuable company from Apple.
Read MoreWhile immediate reaction to the positive outcome of the meeting between President Trump and Xi Jinping at the G20 summit will be an early driver of markets in the week ahead, Thursday’s OPEC meeting and then Friday’s US jobs report for November will clearly dominate markets across the globe this week, heading into next weekend and beyond.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreIt was an up and down night on Wall Street before a flat close, as Fed minute relief gave way to G20 anxiety. Dow down -27.
Read MoreJay Powell’s speech last night was just what the doctor ordered for a skittish Wall Street. Dow up 555.
Read MoreFor the second time in as many days, Microsoft has briefly regained the mantle as the world’s most valuable company from Apple.
Read MoreWall Street recovered from an opening fall on trade warnings to post a slight gain, driven by defensives. Dow up 108.
Read MoreAfter the worst Thanksgiving week in seven years, traders returned from their break to see value. Dow up 354.
Read MoreEnergy and miners were hit hard on the ASX yesterday as prices for oil and iron ore prices continued to trade weakly. The wider market fell 45 points or 0.8% to take the loss for the year so far to 6.5%.
Read MoreSolid rebounds on Thursday and Friday weren’t enough to stop Australian shares closing the week slightly lower. The S&P/ASX 200 Index fell 14.4 points, or 0.3%, to 5716.2.
Read MoreFriday ended a rough week globally. US shares fell 3.8%, Eurozone shares lost 1.6%, Japanese shares fell 0.2%, Chinese shares fell 3.5% and Australian shares declined 0.3%.
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