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Weekly Market Update – 16th October 2020

Investment markets and key developments over the past weekGlobal share markets were mixed over the last week being buffeted by the rising number of new coronavirus cases and waxing and waning stimulus talk in the US. US and Chinese shares rose but Eurozone and Japanese shares fell. Australian shares were given a strong boost by the RBA signalling further easing ahead and lower for even longer interest rates with strong gains in IT, financial, consumer, utility and telco stocks pushing the [...]

2020-10-21T10:43:23+10:30October 16th, 2020|Market Update|

Weekly Market Update – 9th October 2020

Investment markets and key developments over the past week Share markets rose solidly over the past week on hopes for a stimulus deal in the US, whether before the election or after if there is a Democrat clean sweep. Australian shares benefitted from the positive global lead but also from fiscal stimulus in the Budget with the ASX seeing strong gains across all sectors but particularly in energy, financial, IT, material and consumer discretionary stocks. Reflecting the "risk on" tone [...]

2020-10-13T14:11:31+10:30October 9th, 2020|Market Update|

Weekly Market Update – 2nd October 2020

Investment markets and key developments over the past week Global share markets mostly rose over the last week helped by dip buying in the US, some hope (which is now fading) for a new US stimulus deal and mostly good economic data. Australian shares fell though, after bucking the trend of falling markets in the previous week and with energy, consumer staple, utility, health and financial shares particularly hard hit. Bond yields fell in the Eurozone but mostly rose elsewhere. [...]

2020-10-13T14:13:38+10:30October 2nd, 2020|Market Update|

Weekly Market Update – 25th September 2020

Investment markets and key developments over the past week Global share markets fell again over the last week on concerns about rising coronavirus cases, tightening social distancing restrictions in Europe and the lack of progress towards additional fiscal stimulus in the US. Australian shares managed a decent gain through the week with banks boosted by the Government moving to relax the responsible lending laws and strong gains in health, utility, industrial and consumer shares. Reflecting the risk off tone globally [...]

2020-10-07T12:06:18+10:30September 25th, 2020|Market Update|

Weekly Market Update – 18th September 2020

Investment markets and key developments over the past week Share markets mostly rose slightly over the last week after two weeks of falls helped by reasonable economic data, anticipation of Fed dovishness, positive vaccine news and M&A activity. However, some of the gains were given up later in the week as tech stocks came under renewed pressure and the Fed did less than some had hoped. Despite the volatility Australian shares also managed a small gain over the week after [...]

2020-09-30T09:48:42+09:30September 18th, 2020|Market Update|

Weekly Market Update – 11th September 2020

Investment markets and key developments over the past week The equity market correction that started last week, driven by falls in tech stocks, has continued, and has now broadened out to other sectors. US shares are down by 2.6% and the tech-heavy NASDAQ is down by a larger 4% over the week. But, all sectors in the S&P500 fell over the week and energy was down heavily as the oil price fell to $37/tonne, from $42 earlier this month. The [...]

2020-09-23T09:06:50+09:30September 11th, 2020|Market Update|

Weekly Market Update – 4th September 2020

Investment markets and key developments over the past week US shares hit another record high mid-week only to be reversed by the end of the week because of a big fall in tech shares, which have been driving the rebound in US equities since the March lows. The US S&P is down by 1.5% over the week, with the tech sector (which has the biggest weight in the index) down 2.8%, consumer discretionary (which includes Amazon) is down 1.1%, [...]

2020-09-16T15:25:54+09:30September 4th, 2020|Market Update|

Weekly Market Update – 28th August 2020

Investment markets and key developments over the past week Global share markets rose over the past week helped by continuing signs of economic recovery, positive coronavirus vaccine and treatment news and anticipation of the Fed's shift to inflation average targeting. Australian shares fell slightly though over the past week reflecting poor earnings results with weakness in utilities, energy, health, telco and material shares. Bond yields rose helped by the Fed's more dovish approach to inflation targeting. The iron ore price [...]

2020-09-09T10:16:23+09:30August 28th, 2020|Market Update|

Weekly Market Update – 21st August 2020

Investment markets and key developments over the past week Major global share markets, with the exception of Chinese shares, rose over the last week as US new coronavirus cases trended down and on optimism regarding a vaccine and the economic outlook, with the US share market briefly surpassing its February closing high. The positive global lead along with a fall in new Victorian cases saw Australian shares rise to the top end of the range they've been in since June [...]

2020-09-02T09:39:15+09:30August 21st, 2020|Market Update|

Weekly Market Update – 14th August 2020

Investment markets and key developments over the past week Major global share markets, with the exception of Chinese shares, rose over the last week as US new coronavirus cases trended down and on optimism regarding a vaccine and the economic outlook, with the US share market briefly surpassing its February closing high. The positive global lead along with a fall in new Victorian cases saw Australian shares rise to the top end of the range they've been in since June [...]

2020-08-26T08:40:27+09:30August 14th, 2020|Market Update|
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