Overnight: Ninety Percent There?
Comments from Steven Mnuchin raised some hopes last night on the trade front, but not too much. Dow up 16.
Read MoreComments from Steven Mnuchin raised some hopes last night on the trade front, but not too much. Dow up 16.
Read MoreWall Street sagged last night on G20 nervousness and some disappointing Fed-speak. Dow down -179.
Read MoreWall Street again gave up an opening rally to close flat. Dow up 8.
Read MoreOopps. Shares in Hong Kong’s CLP Holdings had their biggest fall in over a decade on Friday after the power company warned it would book a first-half loss due to a massive write-down on the value of its Australian business.
Read MoreWall Street took a rest Friday after the sharp rise after rallying on the back of the move by the US Federal Reserve to a more defined rate cut looms stance.
Read MoreOur market is heading for a weak start later this morning after a stuttering end to what was a solid week on Friday. The ASX 200 Index rose 96.8 points to 6,650.8 last week, while the All Ords added 100.7 points, or 1.5%, to close the week at 6,734.3.
Read MoreIn Australia, it’s the run-up to the end of the financial year next Sunday, June 30, and stock market trading on Friday, June 28, that will dominate markets. Offshore it will be the Group of 20 leaders meeting in Japan.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreCentral bank euphoria and ongoing trade confidence have led the S&P500 to a new all-time high. Dow up 249.
Read MoreSo if investors are the most pessimistic since the GFC more than a decade ago according to the latest BAML survey of global fund managers, why are some key stockmarkets close to all-time highs?
Read MoreUS Steel has joined Australia’s BlueScope Steel in downgrading earnings amid weakening steel prices in America and around the world.
Read MoreTrump will meet Xi at the G20, it has been confirmed. Meanwhile, rate cut euphoria has swept the globe. Dow up 353.
Read MoreThe telling blow is the damage wrought on local newspapers.
Read MoreWall Street continues to do little ahead of this week’s Fed meeting. Dow up 22.
Read MoreIt’s another big week for central banks this week – the Fed in the US, the Bank of England, the Bank of Japan all meet and release monetary policy decisions while the minutes of the June board meeting of the Reserve Bank – where the latest rate cut was made – will be out tomorrow.
Read MoreSo now for a Fed focus week on Wall Street.
Read MoreAustralian shares rose 1.7% last week and made it to an 11-year-high led by resources stocks and defensive sectors like healthcare, telcos, and consumer staples.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreWall Street has shrugged of rising Middle East tensions, preferring to focus inward. Dow up 101.
Read MoreDonald Trump last night explained he is the one holding up a US-China trade deal. Dow down -43.
Read MoreWall Street snapped a six-day winning streak last night as US indices took a breather. Dow down -14.
Read MoreThe National Australia Bank’s monthly business survey for May delivered some gloomy findings as business conditions weakened further and “are now well below average”.
Read MoreFriday saw the changing of the guard at the top of the list of most valuable US companies confirmed after shares in Microsoft surged into record territory Friday and pushed the veteran software giant’s market cap above the $US1 trillion mark.
Read MoreGold and oil futures fell Monday in the wake of the ending – for now – of Donald Trump’s brief tariff attack on Mexico.
Read MoreGlobal sharemarkets did well on Monday with an easing in the tensions in Trump’s trade wars and growing expectations of a rate cut later this year in the US.
Read MoreJobs dominate the local thinking in financial markets this week with the May Labour Force report to be released by the Australian Bureau of Statistics on Thursday and expected to show more new jobs were created last month.
Read MoreA brief look at important company events and economic data releases next week.
Read MoreStock markets continue to rally locally and on Wall Street but a clear shift into defensive stocks suggests caution. Dow up 181.
Read MoreDespite reports early Thursday of a tentative deal with the French government, it seems Fiat Chrysler has in fact withdrawn its 33 billion euro takeover offer for the French carmaker, Renault.
Read MoreA weak private sector jobs number provided more fuel to the Fed cut expectation fire. Dow up 207.
Read MoreA rate cut here and a hint of a rate cut for the US-dominated trading over the past 24 hours. Dow up 512.
Read MoreWall Street shares have surged after Federal Reserve Chairman Jerome Powell signalled the central bank was open to possible rate cuts later this year.
Read MoreAustralia’s 3.8 million retirees should review their income generating investment strategy in light of the RBA’s decision to lower interest rates by 25bp today, according to Australian funds manager Plato Investment Management (Plato).
Read MoreNasdaq plunged into correction territory on Monday after the US government started targeting the big four tech stocks – Amazon, Apple, Facebook and Google (Alphabet).
Read MoreMoves by US competition regulators to scrutinise the FANG names sent those stocks crashing and the Nasdaq into correction territory, as the wider US market held firm. Dow up 4.
Read MoreMay’s modest 0.92% rise in the ASX (the only major market measure to rise in the month globally) was snuffed out yesterday in a sell-off that gathered pace as the day went on.
Read MoreMay’s sell-off was all Donald Trump’s work. The S&P posted a 6.6% monthly loss, while the Dow fell 6.7%. The Nasdaq fell 8.7%.
Read MoreWhile Trump’s tariff wars soured Wall St and raised fears of a global slowdown later in the year, the Aussie market was up 0.92% in May, making it one of the few major markets to enjoy a positive return.
Read MoreGlobal shares fell and safe-haven sovereign bond yields surged on Friday after President Donald Trump’s unexpected threat of tariffs on Mexican imports added to fears that his escalating trade wars will send the major economies into a slowdown and possible recession in coming months.
Read MoreA brief look at important company events and economic data releases next week.
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