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31July 2020

Weekly Market Update – 31st July 2020

July 31st, 2020|Market Update|

Investment markets and key developments over the past week Share markets were mixed over the last week with Chinese shares up solidly and US shares rising slightly on the back of good earnings results, particularly for tech stocks, but Eurozone, Japanese and Australian shares fell on uncertainty regarding the economic outlook. Australian shares were dragged lower by sharp falls in energy, financial, health, property and utility stocks. Bond yields generally fell again. Oil prices fell but metals and iron ore rose and gold rose to a [...]

24July 2020

A FinSec View #13

July 24th, 2020|The FinSec View|

Issue: Friday 24 July 2020 Gone are the days when economic policy was adjusted once each year by the government in the budget and fine-tuned once each month at meetings of the Reserve Bank board. The COVID-19 means we haven't had a budget in more than a year. What the Reserve Bank has been forced to do to interest rates, mean its monthly board meetings have little to no impact for the foreseeable future (Governor Philip Lowe reaffirmed this week that monetary policy is on [...]

24July 2020

Weekly Market Update – 24th July 2020

July 24th, 2020|Market Update|

Investment markets and key developments over the past week Global share markets started the past week off strongly with US shares breaking out to new recovery highs, but gains were partly reversed later in the week on worries about the economic recovery in the face of rising coronavirus cases and increasing US/China tensions albeit this still left US, Eurozone, Japanese and Chinese shares up. Despite strength early in the week, Australian shares fell on the back of worries about the growth outlook with telco, industrial, health [...]

17July 2020

Weekly Market Update – 17th July 2020

July 17th, 2020|Market Update|

Investment markets and key developments over the past week US, European and Japanese share markets rose over the past week as positive news on vaccines and mostly good economic data offset a continuing rise in new US coronavirus cases. Australian shares benefitted from the positive US lead with strong gains in materials, utilities, retail and financial shares helping to offset concerns about the continuing surge in cases in Victoria. Chinese shares fell though after a very strong gain so far this month with a bit of [...]

12July 2020

A FinSec View #12

July 12th, 2020|The FinSec View|

Issue: Friday 10 July 2020 In recent weeks the stock market and its many participants have once again hung on to recent gains in the face of complete uncertainty. The S&P/ASX200 is only around 10% below its level at the start of 2020, but economic indicators paint a less positive picture. Adding to the short-term volatility is the rise of a new phenomenon amongst the "corona- generation". 'Small trader calls' (where people pay for the right to buy the market at a level higher than [...]

10July 2020

Weekly Market Update – 10th July 2020

July 10th, 2020|Market Update|

Investment markets and key developments over the past week Share markets were mixed over the last week as investors were torn between rising coronavirus cases and US/China tensions on the one hand but indicators of recovery and policy stimulus on the other. US shares rose but gave up some of their initial gains, Eurozone shares fell, Japanese shares rose and Chinese shares surged by 9% or so. Australian shares fell on the back of fears about the economic impact of Melbourne's return to lockdown with property, [...]

3July 2020

Weekly Market Update – 3rd July 2020

July 3rd, 2020|Market Update|

Investment markets and key developments over the past week Despite ongoing concerns about coronavirus most major share markets saw solid gains over the last week helped by good economic data, positive vaccine news and policy stimulus. Japanese shares fell 0.9%, but US shares rose 4% in a holiday shortened week, Eurozone shares rose 2.8% and Chinese shares surged 6.8% taking them above their pre-coronavirus highs. The strong global lead also helped the Australian share market overcome concerns about rising coronavirus cases in Victoria to drive the [...]

26June 2020

A FinSec View – Update #11

June 26th, 2020|The FinSec View|

Issue: Friday 26 June 2020 Over the last couple of weeks, the stock market has once again defied pundits and pushed through fears of the ongoing recession, job losses, business closures and a second virus wave. How can this be? The rally has certainly gone on far longer than we expected but our view remains the same - The current rally's longevity is one built on optimism. It has been largely driven by the injections of liquidity and stimulus payments and we think there is [...]