Market Update

Investment markets and key developments After a relatively quiet start to the week, news on US auto tariffs has unnerved markets. Prior to this, the US share market had rallied 5% from its mid-March bottom (after having declined by 10% from its high). Over the week, US shares have still managed to rise by 0.5% (so far) with all sectors up except for tech, health and utilities. Australian shares are also up by 0.5% with financials and energy higher, consumer [...]

Investment markets and key developments Global share markets mostly rebounded over the last week from oversold conditions helped by an absence of new tariff comments from Trump and as the Fed helped calm recession and inflation fears. While US, European and Japanese shares rose Chinese shares fell though partly due to disappointing stimulus announcements. The absence of new tariff announcements saw the Australian share market bounce around 2% over the last week from oversold conditions with gains led by supermarkets [...]

Investment markets and key developments While US shares rose slightly over the last week making a new record high gains were tempered by concerns about consumer spending. Meanwhile shares fell in Europe, Japan, and China. And Australian shares saw a sharp fall of around 3% on the back of disappointing earnings news particularly from the banks and resources companies and cautious RBA comments on the outlook for further interest rate cuts. The falls were led by financials, resources, and retail [...]

Investment markets and key developments Global shares rose over the last week helped by hopes that Trump’s tariffs won’t be as bad as feared following more delays to their start up along with strong US earnings. For the week US shares rose 1.5%. Eurozone shares rose 2.9%, also getting a boost from perceptions that US-Russia Ukraine talks may be good for Europe in the short term (even though it might be more concerning for Ukraine and Europe in the medium [...]

Investment markets and key developments The week was dominated by ongoing announcements from the Trump administration. After only being in office for 2½ weeks Trump and his team have been busy making changes (not including legislation which requires votes from the House and Senate) and appear much more coordinated compared to 2017. This week’s changes included everything from tariffs (more on that below), Elon Musk’s D.O.G.E department shedding Federal workers, a dismantling in USAID and Trumps plans for the US [...]

Investment markets and key developments Global shares were mixed over the last week. US shares fell 1% as tech shares fell on the back of the rise of DeepSeek’s AI app and a less dovish Fed and Trump’s tariff vows weighed. Japanese shares fell 0.9%, but Eurozone shares rose 1.3% to a record high helped by a dovish rate cut from the ECB. Australian shares also surged to a record high on the back of expectations for a February rate [...]

Investment markets and key developments Shares mostly rose over the last week helped by lower-than-expected underlying inflation in the =US which boosted confidence that the Fed was still on track to continue cutting interest rates this year. Japanese shares were the exception reflecting the increasing likelihood that the Bank of Japan will raise rates in the week ahead. The positive global lead also helped boost the Australian share market which is on track for a rise of around 0.3% for the [...]

Investment markets and key developments Global shares were mixed over the last week with a backup in bond yields and a bit of profit taking after a strong run up weighing on US and Eurozone shares leading to small falls. For the week US shares fell 0.6%, Eurozone shares fell 0.2% but Japanese shares rose 1%. Chinese shares fell 1% on the continuing lack of concrete fiscal stimulus details. Australian shares fell 1.5% for the week with profit taking after a [...]

Investment markets and key developments Despite another week of geopolitical noise with the “fall” of the French Government, a few hours of martial law in South Korea and more noise around Trump, global share markets rose helped by solid US economic data and ongoing expectations for rate cuts globally. For the week US shares rose 1% helped on Friday by benign jobs data supporting the case for a December Fed rate cut. Eurozone shares rose 2.9%, Japanese shares rose 2.3% and [...]

Investment markets and key developments Against a backdrop of geopolitical risk and noise, high valuations for shares and an eroding equity risk premium, there is positive momentum underpinning sharemarkets for now including the “goldilocks” economic backdrop, the global bank central cutting cycle, positive earnings growth and expectations of US fiscal spending. US sharemarkets rose by 1.3% over the week (and are up by 24% over the year to date), Australia was up by 0.5% (and up by 9% over the [...]