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26June 2020

Weekly Market Update – 26th June 2020

June 26th, 2020|Market Update|

Investment markets and key developments over the past week Most major share markets fell over the last week as concerns about "second waves" of coronavirus cases, uncertainty about the growth outlook and geopolitical risks continue to rattle investors. The weak global lead and concerns about rising cases in Victoria also contributed to a fall in Australian shares with sharp falls in energy, industrial, IT and property shares. Bond yields were little changed although they fell in Europe. Oil prices fell, the copper price rose but iron [...]

19June 2020

Weekly Market Update – 19th June 2020

June 19th, 2020|Market Update|

Investment markets and key developments over the past week Share markets rose over the last week as ongoing signs of economic recovery and stimulus measures helped offset concerns about a "second wave" of coronavirus cases. US shares gained 1.9%, Eurozone shares rose 3.1%, Japanese shares rose 0.8% and Chinese shares rose 2.4%. Australian shares also gained 1.6% helped by the positive global lead with strong gains in IT, energy, telco and consumer discretionary stocks. The rally came after a 6% to 7% pullback in share markets [...]

12June 2020

Weekly Market Update – 12 June 2020

June 12th, 2020|Market Update|

Investment markets and key developments over the past week Share markets fell sharply over the last week on concerns about a second wave of cases in many US states and the pace of economic recovery after cautious Fed comments. This came after a huge rally since the March lows - with US shares rising 44% and Australian shares rising 35% - left shares overbought and due for a pause or pullback. Reflecting the weak global lead Australian shares fell sharply on Thursday and Friday with falls [...]

12June 2020

A FinSec View #10

June 12th, 2020|The FinSec View|

Issue: Friday 12 June 2020 Drought, bushfires and coronavirus ... the Treasurer has admitted Australia is now in a recession after the fall in the March quarter GDP. The June quarter is certain to be worse. And such are the times we live in, despite mass unrest on the streets of dozens of US cities where 40 million people are unemployed and ongoing tensions with China, markets surged over the last couple of weeks (albeit, like we saw in the US last night still succeptible [...]

5June 2020

Weekly Market Update – 5th June 2020

June 5th, 2020|Market Update|

Investment markets and key developments over the past week Share markets continued to power up over the last week as developed countries saw further reopening along with more green shoots of recovery and some countries unveiled more stimulus measures, all of which swamped concerns about protests in the US and ongoing tensions between the US and China. Reflecting the strong global lead, the Australian share market rose to its highest level since early March with very strong gains in banks, energy, retail, property and industrial stocks [...]

29May 2020

A Finsec View #9

May 29th, 2020|The FinSec View|

Issue: Friday 29 May 2020 This week the Prime Minister told Australia he wants to "fire the starters' gun on the economy" in a speech outlining his vision for recovery. While boasting of the fact Australia is "weathering the storm better than many and better than most", he lamented the fact "millions of Australians" are now relying on a recovery. A recovery that is for now, fuelled by government support. The worst does seem to be over. Road traffic is returning, retail sales are rising [...]

29May 2020

Weekly Market Update – 29th May 2020

May 29th, 2020|Market Update|

Investment markets and key developments over the past week Share markets continued to rally strongly over the past week as economic reopening in developed countries and stimulus measures continued but worries about an escalation in US/China tensions saw gains reduced late in the week. Despite taking a bit of a hit on Friday from worries about US/China tensions, the Australian share market made it to a new recovery high with particularly strong gains in banks, property, telco, energy and consumer discretionary stocks through the week as [...]

22May 2020

Weekly Market Update – 22nd May 2020

May 22nd, 2020|Market Update|

Investment markets and key developments over the past week Major global share markets, with the exception of Chinese shares, rose solidly over the last week on optimism regarding the development of a vaccine for the coronavirus, reopening from lockdowns, dovish comments from US Federal Reserve (Fed) Chair Powell and moves towards a common bond in the eurozone, despite escalating US/China tensions seeing some of the gains reversed. For the week, US shares rose 3.2% reaching a new recovery high, eurozone shares rose 4.4% and Japanese shares [...]