Markets

The ASX 200 is down 0.8%, with all sectors trading weaker. Financials and consumer-related stocks are the hardest hit.

European shares fell for the first time in five sessions on Monday. Gains in mining stocks were offset by losses in the financial sector. Italian bank Monte dei Paschi hit a record low after the European Central Bank requested that it sell bad loans.

The selling continued in late trade, with the ASX 200 finishing the session down 1%.

The local share market is trading in positive territory, after a soft start to the session on Monday.

A week after the UK public surprised the world by voting for “Brexit”, the dust is starting to settle in the financial markets and the political arena. The sudden volatility global markets experienced in the days following the vote was in large part due to positioning, or rather, the lack of positioning. Going into the vote there was a strong consensus in the markets that, in the cold light of day, economic self-interest would prevail. The resulting vote to leave thus precipitated a typical market shock, with risk proxies like equities initially selling off heavily, while safe haven assets such as US and German government bonds rallying. As this initial shock has now started to fade, markets have begun to price in the actual economic consequences more appropriately.

US sharemarkets rallied for the fourth straight session on Friday. The strong manufacturing data supported sentiment. Seven of the 10 major S&P sectors were higher. The S&P consumer discretionary sector led the gains, up 0.9%.

Gains improved in late trade with the ASX 200 finishing at the best level of the day, up 0.7%.

US Close 1 Jul 16: Euro & US markets lifted despite U.K. leadership and growth uncertainty

 The ASX 200 has finished the session up 0.3%, rising for a third straight session.

US sharemarkets rallied into its second day on Wednesday as investors continued searching for cheaply valued assets. All 10 major S&P sectors were higher, with the energy sector lifting 2.4%, supported by higher oil prices 

 The ASX 200 has finished the session up 1.8%. However, over the financial year the index is down 4.1%.

 US Close 29 Jun 16: European and US markets lifted as Brexit market volatility subsides 

The ASX 200 has finished the session up 0.8% lifted by a rebound in the energy and materials sectors.

28 June 16, 6.15am AEST. US share markets fell sharply on Monday as investors continued the recent shift to safe-haven assets. The Dow Jones index fell by almost 261 points or 1.5%. Ratings agency S&P cut the U.K.’s top credit rating by two levels from AAA to AA.  

 The ASX 200 has finished the session down 0.7%, reversing yesterday’s gains. Almost all sectors lost ground, with utilities the exception.

Over the weekend I have received a number of questions about the potential implications from the UK voting to leave the EU on Friday. I thought my perspectives on this might be useful for many of you and I have provided below my responses to many of the questions that have come in. All of the views expressed here are my own personal views.

Local shares edged higher on Monday as Friday’s post Brexit Vote anxiety ebbed. Helping the local tone was the improvement for most Asian indices. Local financials remained under pressure, while miners featured with solid gains.

The ASX 200 is up 1.1% on Monday as Brexit fears ease. The Energy sector is up 3.7%, while the Financial and Materials sectors are also gaining ground.

The ASX 200 has jumped 1.8%, boosted by a 5.4% surge in the Energy sector and 2.3% gains for both the Financial and Materials sectors.

Higher commodity prices set to support local miners. European markets climb higher as Brexit fears ease.

American shares improved for the first time this week, with all sectors higher. The price of oil fell to a five-week low, iron ore remained steady and gold closed at a 17-month high. Concerns of the upcoming Brexit vote (next Thursday) remain.

The ASX 200 has finished firmer on Friday. However, over the week, the index has dropped 2.8% – its biggest weekly fall in four months.

The ASX 200 is up 0.3% – ending a six session sell-off. The financial sector is up 0.7%, while miners are also lifting the market higher.

The ASX 200 is up 0.6% on Thursday – ending a five session losing streak. Employment data for May came in slightly better than expected – while the jobless rate has remained steady at 5.7%.

US markets lost ground in the final 30 minutes of trade following the Federal Reserve’s monetary policy meeting. While the Fed did not surprise by keeping rates on hold, a cut to future GDP projections made markets question the US economic recovery.

The ASX 200 has finished flat with gains in the materials and telco sectors offset by losses in the financial and energy sectors.

The ASX 200 is down 0.4%, adding to yesterday’s 2.1% decline. The Materials sector is the worst performer, down about 1.0%.

Concerns the UK will vote to exit the European Union next week continues to put global markets under pressure.

The selling continued in afternoon trade and the ASX 200 finished the session down 1.1% with every sector suffering losses.

The local share market is down sharply on Tuesday with brexit fears and weaker than expected Chinese economic data hurting investor sentiment.

The ASX 200 is set to kick off the trading week in negative territory – after falls on US markets overnight.

The ASX 200 has dropped 2.1% suffering its worst one-day fall since early February on the back of Brexit fears.

The S&P 500 retreated from the neighborhood of record highs over night. A firmer US dollar put downward pressure on commodity prices.

The ASX 200 has finished the session down 0.9% with mining and energy stocks hit by falling commodity prices.

The local share market is down 0.9% at mid-session with almost all sectors trading weaker. The banks, miners and energy stocks are the worst performers.

The local share market has lost early gains – held back by falls in the financial, telco and healthcare sectors. Mining & energy stocks are outperforming.

The S&P 500 hit 10 month highs overnight with 8 of 10 S&P sectors ending higher. A falling US dollar continues to support commodity prices.

The ASX 200 has finished the session down 0.2% – held back by falls in the financial, telco and healthcare sectors.

The Australian sharemarket is losing some ground at lunch on Wednesday. Energy stocks are faring best while the miners are lower despite stronger commodity prices.