Thursday’s World Markets Outlook: Asia-Pacific

Thursday’s World Markets Outlook: Asia-Pacific

#world #stock #markets $HongKong #Australia #Japan #China #AsiaPacific Hong Kong stocks posted strong gains Thursday, with the index tracking Mainland stocks having its best day in more than 3 months, after a security law went into effect in the city this week. The Hang Seng index rose 2.9% at 25,124.19, while the China Enterprises Index, […]

A Look at Australia AUDUSD ASX Outlook

A Look at Australia AUDUSD ASX Outlook

#AUSTRALIA $AUDUSD $ASX The Reserve Bank’s Policy Actions and Balance Sheet Guy Debelle[*]Deputy Governor The Economic Society AustraliaOnline – 30 June 2020 Australia is experiencing an historic event. It is first and foremost a health event. Thankfully, thus far the health outcomes in Australia have been better than feared. The health decisions taken by the […]

Wednesday’s World Markets Outlook: Asia-Pacific

Wednesday’s World Markets Outlook: Asia-Pacific

#world #stock #markets #AsiaPacific Australian shares started the financial year on a positive note The S&P/ASX 200 index was up 0.6% at 5,934.40 at the close of trade, helped by a burst of late-buying after the Bell. The benchmark ended 1.4% firmer Tuesday after a senior central bank official said the economy would need “considerable” […]

Qantas is Just the Beginning of the Australian Dollars Trouble

Qantas is Just the Beginning of the Australian Dollars Trouble

#FX #AUDUSD #AUD #AUSTRALIA Already over taxed and under serviced the Aussie worker is taking on an increasing amount of debt via Government bail-out and assistance programs. Afer making themselves dependent on China they now find themselves at odds with their self appointed benefactor. Government Debt to GDP in Australia averaged 24.41 percent from 1989 […]

Thursday’s World Markets Outlook: Asia-Pacific

Thursday’s World Markets Outlook: Asia-Pacific

Australian shares closed 2.5% lower Thursday, snapping a 4-day winning streak, as rising concerns about a resurgence of C-19 coronavirus cases. The S&P/ASX 200 index ended 2.5% lower at 5,817.7 in its worst session since 12 June. New Zealand’s benchmark S&P/NZX 50 index declined 1.2% or 135.05 pts to 11,124.36.  Japanese stocks ended at a […]

Wednesday’s World Markets Outlook: Asia-Pacific

Wednesday’s World Markets Outlook: Asia-Pacific

Gold and healthcare stocks helped Australian shares eke out another session of gains on Wednesday, as investors remained cautiously optimistic about hopes of an economic recovery even as C-19 coronavirus cases continue to rise. The S&P/ASX 200 index ended up 0.2% at 5,965.70 to a 4th straight session of gainers. The benchmark is down 10.9% […]

Friday’s World Markets Outlook: Asia-Pacific

Friday’s World Markets Outlook: Asia-Pacific

 Australian shares gained Friday helped by energy stocks that tracked higher Crude Oil prices, although worries remained about a 2nd wave of C-19 coronavirus infections around the world. The S&P/ASX 200 index rose 0.73% at 5,979.9 in early trade and hit its highest since 11 June. In New Zealand, the benchmark S&P/NZX 50 index rose […]

Thursday’s World Markets Outlook: Asia-Pacific

Thursday’s World Markets Outlook: Asia-Pacific

China stocks firmed Thursday as policymakers assured investors that the economy is gradually recovering from the C-19 coronavirus chaos, while pledging more reforms and liquidity to bolster capital markets. At the midday break, the Shanghai Composite index was up 0.03% at 2,936.88 pts, while China’s blue-chip CSI300 index rose 0.46%. The smaller Shenzhen index was […]

Wednesday’s World Markets Outlook: Asia-Pacific

Wednesday’s World Markets Outlook: Asia-Pacific

SKorean shares rose for the 9th straight session Wednesday on hopes for a quick recovery from the C-19 coronavirus chaos-induced economic downturn, though investors maintained a cautious stance ahead of a Fed policy decision. The Korean Won firmed to its highest close in more than 3 months, and the benchmark bond yield rose. The Seoul […]

Tuesday’s World Markets Outlook: Asia-Pacific

Tuesday’s World Markets Outlook: Asia-Pacific

Australian shares rose more than 3% Tuesday, with gains propped up by miners and financial stocks, as investors continued to bet on a swift economic rebound from the damage wrought by the C-19 coronavirus chaos. Returning from a holiday-extended weekend, the S&P/ASX 200 rose 2.6% to 6,153.7 by 0037 GMT, up for a 6th straight […]

Tuesday’s World Markets Outlook: Asia-Pacific

Tuesday’s World Markets Outlook: Asia-Pacific

World stocks have risen 35% from a late March bottom. Australian shares closed higher Tuesday after the country’s central bank reiterated that the impact from the C-19 coronavirus chaos could be less damaging than initially feared, stoking hopes of a speedy economic recovery. The S&P/ASX 200 closed 0.3% firmer at 5,835.10, though lingering worries over […]

F1: Ferrari’s Newest Driver Academy to Launch in Sydney

F1: Ferrari’s Newest Driver Academy to Launch in Sydney

$RACE F1 giant Ferrari (NYSE:RACE) has chosen Sydney as the base for a new program aimed at finding Top driver talent in the Asia-Pacific region. The new Ferrari Driver Academy will be based at the Sydney Motorsport Park to attract drivers from Australia, New Zealand and countries through Asia. Similar development programs have produced talent […]

Friday’s World Markets Outlook: Asia-Pacific

Friday’s World Markets Outlook: Asia-Pacific

Australian shares eased 1.6% Friday, though gained for the 5th straight week as hopes of a faster-than-expected economic recovery Down Under from C-19 coronavirus chaos-induced disruptions outweighed worries of a deepened US-China rift. The S&P/ASX 200 closed at 5,755.7 and saw its worst day in 2 wks, as markets nervously awaited a response from the […]

Thursday’s World Markets Outlook: Asia-Pacific

Thursday’s World Markets Outlook: Asia-Pacific

Hong Kong shares ended lower Thursday. The Hang Seng index closed down 0.7% to 23,132.76, after falling more than 2% mid-session to its lowest mark since 25 May. The Hang Seng China Enterprises index fell 0.2%. The sub-index of the Hang Seng tracking energy shares was flat, the IT sector lost almost 2%, the financial […]

Wednesday’s World Markets Outlook: Asia-Pacific

Wednesday’s World Markets Outlook: Asia-Pacific

Australian shares settled lower Wednesday as rising tensions in Hong Kong over China’s proposed security law took the shine off surging bank stocks and tempered expectations of a global economic recovery. The S&P/ASX 200 opened lower but recouped losses to rise 1% in intra-day trade. However, selling in the final 15 mins of trade wiped […]

Tuesday’s World Markets Outlook: Asia-Pacific

Tuesday’s World Markets Outlook: Asia-Pacific

Australia and New Zealand stock indexes on Tuesday surged to their highest in more than two months, fuelled by mounting hopes of a global economic recovery as more countries emerge from the coronavirus-induced lockdown. The S&P/ASX 200 index advanced more than 2% for the 2nd straight session and ended 2.9% firmer at 5,780 pts. The […]

Thursday’s World Markets Outlook: Asia-Pacific

Thursday’s World Markets Outlook: Asia-Pacific

China and Hong Kong stocks were little changed Thursday ahead of the country’s annual parliament session, starting this week, that could yield more economic stimulus. At the midday break, the Shanghai Composite index was up 0.05% at 2,885.20. China’s blue-chip CSI300 index was up 0.06%, with its financial sector sub-index losing 0.07%, the Real Estate […]

Wednesday’s World Markets Outlook: Asia-Pacific

Wednesday’s World Markets Outlook: Asia-Pacific

China shares fell Wednesday as cautious investors held back ahead of the country’s annual political meetings where policymakers will discuss measures to boost the economy. At the midday break, the Shanghai Composite index was down 0.45% to 2,885.54. China’s blue-chip CSI300 index was down 0.49%, with its financial sector sub-index lower by 0.37%, the consumer […]

Tuesday’s World Markets Outlook: Asia-Pacific

MSCI’s broadest index of Asia-Pacific shares sans Japan last traded up 1.6% in late Asian trade. Australian shares closed at a more than two-month high on Tuesday, led by gains in mining, energy and financial stocks, as a gradual re-opening of some economies boosted sentiment and raised hopes of a demand recovery for commodities. The […]

Monday’s World Markets Outlook: Asia-Pacific

China shares ended higher Monday as investors took hope from data showing home prices rose in April, but renewed trade tensions between Beijing and Washington At the close, the Shanghai Composite index was up 0.24% at 2,875.42. The blue-chip CSI300 index was up 0.26%, with its financial sector sub-index higher by 0.06%, the consumer staples […]

Friday’s World Markets Outlook: Asia-Pacific

The Japanese benchmark Nikkei average dipped 0.3% to 19,854.03 by the midday break, with Real Estate and other defensive sectors leading the losses. On the week, the Nikkei was down 1.6%, poised for its 1st weekly decliner in 3. The broader Topix fell 0.3% to 1,441.96 by the recess, with 66% of the 33 sector […]

Thursday’s World Markets Outlook: Asia-Pacific

Chinese shares closed lower Thursday as investors worried about a prolonged recovery in the economy, while awaiting more active stimulus policies to cushion the blow from the C-19 coronavirus chaos. The Shanghai Composite index ended 0.96% lower to 2,870.34. The blue-chip CSI300 index shed 1.08%, with its financial sector sub-index sliding 1.33%, the consumer staples […]

Tuesday’s World Markets Outlook: Asia-Pacific

Japan’s Nikkei share average slipped from a two-month high on Tuesday as concerns about further waves of coronavirus infections undermined recent optimism on economic re-openings. The Nikkei share average ended down 0.12% to 20,366.48 points, a day after it hit a 2-month high. It has risen 18.7% from a bottom hit on 19 March. The […]

Monday’s World Markets Outlook: Asia-Pacific

China stocks shed early gains to end a tick lower Monday, amid renewed concerns over the coronavirus outbreak as Wuhan reported its 1st cluster of infections since the lockdown was lifted a month ago. At the close, the Shanghai Composite index was down 0.02% at 2,894.80. The blue-chip CSI300 index was down 0.09%, with its […]

Friday’s World Markets Outlook: Asia-Pacific

Friday’s World Markets Outlook: Asia-Pacific

China stocks closed higher Friday as investors cheered Beijing opening up its financial markets further to foreign investors. China finalised rules Thursday that scrap quotas under 2 major inbound investment programs, giving qualified foreign institutions unlimited access to Chinese stocks and bonds. At the close, the Shanghai Composite index was up 0.83% at 2,895.34 and […]

Thursday’s World Markets Outlook: Asia-Pacific

Thursday’s World Markets Outlook: Asia-Pacific

Asian shares pared early losses Thursday after Chinese exports proved far stronger than even Bulls imagined. Around the region, MSCI’s Asia sans Japan stock index was weaker by 0.1%, while Japan’s Nikkei index closed up 0.28%.  China stocks ended lower Thursday, as investors are still cautious on a bleak trade outlook globally that could slow […]

Wednesday’s World Markets Outlook: Asia-Pacific

Australian shares ended lower in lite trade Wednesday as investors took profits after 2 sessions of sharp gainers, with banking stocks dominating the losses. The S&P/ASX 200 index closed 0.42% lower to 5,384.6 pts, having gained more than 3% in the past 2 sessions as the country eased coronavirus restrictions. New Zealand’s benchmark S&P/NZX 50 […]

Tuesday’s World Markets Outlook: Asia-Pacific

Hong Kong shares Tuesday recouped some of the prior session’s sharp losses, tracking gains in broader Asia, as countries laid out plans to ease coronavirus-induced restrictions. The Hang Seng index rose 0.5% to 23,742.13 pts, having lost more than 4% Monday as US-China tensions simmer. The Hang Seng China Enterprises index gained 0.4% Tuesday. The […]

Australian Dollar: USD/AUD (AUD=X) set to edge lower

Australian Dollar: USD/AUD (AUD=X) set to edge lower

Australian Dollar: USD/AUD (AUD=X) set to edge lower The Australian dollar significantly rallied a bit during the week, breaking above the 0.65 level before selling off towards the end of the same week. Ultimately, this is a market that I think could continue to see a lot of noise, especially in this area as it is a […]

Friday’s World Markets Outlook: Asia-Pacific

Australian shares fell 5% Friday, their most in 5 wks, as risk sentiment was battered by threats of new tariffs from US President Trump Vs China. President Trump made clear his concerns about China’s role in the origin and spread of the coronavirus were taking priority over efforts to build on an initial trade agreement. […]

Thursday’s World Markets Outlook: Asia-Pacific

China stocks rallied Thursday to post their biggest monthly advance since December, after positive trial results for a drug to treat COVID-19 and downbeat data reinforced hopes of further stimulus to bolster the world’s 2nd-largest economy. The blue-chip CSI300 index ended up 1.2% at 3,912.58, while the Shanghai Composite Index closed 1.3% higher at 2,860.08. […]

Tuesday’s World Markets Outlook: Asia-Pacific

 Australian shares finished lower Tuesday after the Treasury said it was not working on any new stimulus packages at the moment, while the country readied to relax some restrictions amid a decline in coronavirus cases. The S&P/ASX 200 index ended 0.2% lower to 5313.1 at the close. The benchmark rose 1.5% Monday. New Zealand’s benchmark […]

Monday’s World Markets Outlook: Asia-Pacific

MSCI’s broadest index of Asia-Pacific shares sans Japan rose 0.1% in early trade, while Japan’s Nikkei gained 1.1% ahead of an earnings heavy week. Philippine shares fell Monday following a warning that the coronavirus pandemic will likely send the economy into its first annual contraction in more than two decades this year, while financials helped […]

Australia: S&P/ASX 200 (.AXJO) gains ahead as US rallies, states ease lockdowns

Australia: S&P/ASX 200 (.AXJO) gains ahead as US rallies, states ease lockdowns

Australia: S&P/ASX 200 (.AXJO) gains ahead as US rallies, states ease lockdowns Australian shares are set to open higher as markets calmed after a wild week. ASX futures were up 82 points or 1.6 per cent to 5298. The Australian dollar was up 0.2 per cent to 63.85 US cents. Shayne Heffernan Trade Idea March […]

“For every coin we mint, be it gold or silver, we could probably sell 5 or 6 of them,” the Perth Mint

“For every coin we mint, be it gold or silver, we could probably sell 5 or 6 of them,” the Perth Mint

$GLD $XAU $SLV $XAG $USD Australia’s largest gold refinery has ramped up production of 1 kilogram bars to ease the supply squeeze in the US that helped propel a surge in the premium for New York futures. The collapse in air travel that’s grounded passenger jets used to transport gold products and virus-related disruptions to some […]

Friday’s World Markets Outlook: Asia-Pacific

Australian shares ended higher on Friday, but reported its first weekly loss this month, with investors now eyeing corporate results that are set to reflect the economic damage from the coronavirus pandemic. The benchmark S&P/ASX 200 index closed 0.5% higher at 5,242.6. On the week, it shed 4.5%. New Zealand’s benchmark S&P/NZX 50 index fell […]

Thursday’s World Markets Outlook: Asia-Pacific

Chinese stocks ended off Thursday, as mounting economic uncertainty sparked by the coronavirus pandemic kept share prices capped, stopping investors from chasing the rebound from the prior session. The Shanghai Composite index closed 0.2% lower to 2,838.50. The blue-chip CSI300 index ended down 0.3%, with its financial sector sub-index down 0.3%, the consumer staples sector […]

Australia: S&P/ASX 200 (.AXJO) Australia Optimistic

Australia: S&P/ASX 200 (.AXJO) Australia Optimistic

Australia: S&P/ASX 200 (.AXJO) Australia Optimistic The last 24 hours has featured a sea of red ink right across global market over night and Australia hasn’t avoided the carnage with the S&P/ASX 200 (ASX:XJO) plunging 2.5% or 132 points to close at 5221 points today. Shayne Heffernan Trade Idea “The bright spot is that people […]

Tuesday’s World Markets Outlook: Asia-Pacific

Japanese shares fell Tuesday with energy-related companies taking the brunt of a collapse in Crude Oil prices, while the virus pandemic curbed any risk appetite ahead of corporate earnings. The Nikkei share average fell 1.97% to 19,280.78, slipping further from Friday’s near 6-wk high at 19,922. The broader Topix lost 1.15% to 1,415.89. China and […]

Australia: S&P/ASX 200 (.AXJO) Extending Losses as Virgin Australia enters voluntary administration

Australia: S&P/ASX 200 (.AXJO) Extending Losses as Virgin Australia enters voluntary administration

Australia: S&P/ASX 200 (.AXJO) Extending Losses as Virgin Australia enters voluntary administration The Australian stock market is extending losses on Tuesday from the previous session following the weak cues overnight from Wall Street after crude oil futures turned negative for the first time ever. Investor sentiment was further dampened as Australia’s second biggest airline Virgin […]

Monday’s World Markets Outlook: Asia-Pacific

SKorean shares rose Monday as relaxation of some social distancing rules fuelled optimism about the reopening of the broader economy, with China’s interest rate cut adding to the sentiment. The Korean Won weakened, while the benchmark bond yield was up. The Seoul stock market’s main KOSPI rose 4.44 pts, or 0.23%, at 1,918.07 as of […]

Australia: S&P/ASX 200 (.AXJO) All Hinges on Virus News

Australia: S&P/ASX 200 (.AXJO) All Hinges on Virus News

Australia: S&P/ASX 200 (.AXJO) All Hinges on Virus News The Australian share market has begun its week moderately lower. The Shayne Heffernan Idea We have several different types of policies all bundled together, and we’re going to be looking for insights as to which of these policies are working and which ones to reinforce. “The […]

Australia: S&P/ASX 200 (.AXJO) slides again as economic reality sets in

Australia: S&P/ASX 200 (.AXJO) slides again as economic reality sets in

Australia: S&P/ASX 200 (.AXJO) slides again as economic reality sets in Australian shares are set to open lower as Wall Street struggled in the wake of fresh record unemployment in the US and another push from Donald Trump to reopen the economy early despite the advice of health experts. ASX futures were down 72 points […]

Thursday’s World Markets Outlook: Asia-Pacific

Japanese shares Thursday tracked overnight losses on the Wall Street, as economic damage from COVID-19 weighed on investor sentiment, with banks and automakers leading the declines. The benchmark Nikkei average ended 1.3% lower at 19,290.20. The Nikkei’s volatility index, a measure of investors’ volatility expectations based on option pricing and considered to be a fear […]

Australia: S&P/ASX 200 (.AXJO) plunges 2% ahead of March jobs data

Australia: S&P/ASX 200 (.AXJO) plunges 2% ahead of March jobs data

Australia: S&P/ASX 200 (.AXJO) plunges 2% ahead of March jobs data Australian shares have recorded sharp early losses as global equities sour and a likely bleak unemployment figure looms. The S&P/ASX200 benchmark index was down 101.7 points, or 1.86 per cent, at 5365.0 points after 30 minutes of trade on Thursday, ahead of a widely […]

Wednesday’s World Markets Outlook: Asia-Pacific

Australia’s main stock index fell Wednesday as prospects of a deep global recession and its impact on the demand for crude oil hammered energy stocks and offset better-than-expected trade data from China, the country’s biggest trading partner. The benchmark S&P/ASX 200 index fell 0.3% by 0039 GMT, with a 3.4% drop in energy stocks weighing […]

Australia: S&P/ASX 200 (.AXJO) shares fall as recession worries deepen, oil stocks weigh

Australia: S&P/ASX 200 (.AXJO) shares fall as recession worries deepen, oil stocks weigh

Australia: S&P/ASX 200 (.AXJO) shares fall as recession worries deepen, oil stocks weigh Australia’s main stock index fell on Wednesday as prospects of a deep global recession and its impact on the demand for crude oil hammered energy stocks and offset better-than-expected trade data from China, the country’s biggest trading partner. The benchmark S&P/ASX 200 […]

Tuesday’s World Markets Outlook: Asia-Pacific

China and Hong Kong stocks gained Tuesday, after the world’s 2nd-largest economy posted better-than-expected trade data despite the coronavirus outbreak. China’s exports fell 6.6% in March from a year earlier, while imports shrank 0.9%, a better-than-expected outcome as factories restarted production, though the global coronavirus health crisis looks set to keep trade under pressure over […]

Australia: S&P/ASX 200 (.AXJO) slips as market struggles to ‘find confidence’ amid coronavirus

Australia: S&P/ASX 200 (.AXJO) slips as market struggles to ‘find confidence’ amid coronavirus

Australia: S&P/ASX 200 (.AXJO) slips as market struggles to ‘find confidence’ amid coronavirus Australian shares have experienced a lacklustre start to the day, its first session back from the Easter long weekend. The ASX 200 index had fallen by 0.4 per cent to 5,365 points by 10:25am AEST. Many of the best-performing stocks were gold […]

Thursday’s World Markets Outlook: Asia-Pacific

Most Southeast Asian stock markets rose Thursday, tracking an upbeat session on Wall Street, as hopes for the coronavirus outbreak nearing its peak rose, while expectations of a cut in oil output pushed the energy-heavy Thai index higher Australian shares rose more than 2% on Thursday, tracking gains on Wall Street as hopes that the […]

Australia: S&P/ASX 200 (.AXJO) tipped to follow Wall St higher

Australia: S&P/ASX 200 (.AXJO) tipped to follow Wall St higher

Australia: S&P/ASX 200 (.AXJO) tipped to follow Wall St higher The Australian sharemarket is set for an early rise after US stocks were buoyed by hopes the coronavirus outbreak has reached a peak. The SPI200 futures contract was up 70 points, or 1.35 per cent, at 5,248.0 points at 0800 AEST on Thursday, suggesting local […]

Wednesday’s World Markets: Asia Pacific

Japan’s Nikkei share average rose 0.47% at 19,039.91 while the broader Topix gained 0.59% at 1,411.44, extending the rally into its 3rd day. Australian shares dropped more than 2% Wednesday, as concerns of a massive economic slump due to the coronavirus pandemic coupled with an outlook downgrade on the local economy and banking sector drove […]

Australia: S&P/ASX 200 (.AXJO) to rise on encouraging COVID-19 trend

Australia: S&P/ASX 200 (.AXJO) to rise on encouraging COVID-19 trend

Australia: S&P/ASX 200 (.AXJO) to rise on encouraging COVID-19 trend The Australian sharemarket is tipped to continue its strong start to the week after global equities were encouraged by early signs the coronavirus death toll is slowing. The SPI200 futures contract was up 124 points, or 2.35 per cent, at 5,397.0 points at 0800 AEST […]

Tuesday’s World Markets: Asia-Pacific

Most Southeast Asian stock markets tracked Wall Street and Asian equities higher Tuesday, with Thailand rising the most, although gains were capped following a spike in infections due to the coronavirus in the region. Australian shares rose Tuesday as reports of slowing fatalities from the coronavirus outbreak raised optimism that the fight against the disease […]

Australia: S&P/ASX 200 (.AXJO) set to rise but economists remain wary

Australia: S&P/ASX 200 (.AXJO) set to rise but economists remain wary

Australia: S&P/ASX 200 (.AXJO) set to rise but economists remain wary The Australian share market is tipped to rise but economists remain wary of the coronavirus volatility that ensured global equities ended the week on a sour note. Wall Street’s main indexes fell more than 1.5 per cent on Friday after US employment showed a […]

Monday’s World Markets Outlook: Asia- Pacific

The S&P/ASX 200 index was up 4.3% at 5,286.80 at the close of trade, after the benchmark closed 1.7% down Friday. Southeast Asian stock markets are higher Monday, tracking global equities that gained due to a slowdown in coronavirus-related deaths and new infections. Major European nations reported lower virus death rates, with Italy seeing the […]

How COVID-19 is impacting the Australia: S&P/ASX 200 (.AXJO)

How COVID-19 is impacting the Australia: S&P/ASX 200 (.AXJO)

How COVID-19 is impacting the Australia: S&P/ASX 200 (.AXJO) COVID-19 hit equity markets around the world swiftly and sharply. Equities, as is often the case in crises, have been characterised by exceptionally high levels of volatility, as increased weightings in illiquid assets have forced many investors to liquidate where they can rather than where is […]

Australia: S&P/ASX 200 (.AXJO) plunges 3.5% as wild swings continue

Australia: S&P/ASX 200 (.AXJO) plunges 3.5% as wild swings continue

Australia: S&P/ASX 200 (.AXJO) plunges 3.5% as wild swings continue The Australian share market has lurched back into the red after US stocks were hammered overnight on warnings of a mounting coronavirus death toll. The S&P/ASX200 benchmark index was down 178.3 points, or 3.39 per cent, at 5,080.3 at 1015 AEDT on Thursday, having earlier […]

Thursday’s World Stock Markets Update: Asia and Oceania

Asian share markets were down Thursday, clouded by the rising US coronavirus death toll, and with investors braced for more signs of economic pain in the world’s largest economy, ahead of another likely record week of jobless claims. With hopes growing that the worst of the outbreak may have passed for China and SKorea, the […]

Australia: S&P/ASX 200 (.AXJO) making strong gains

Australia: S&P/ASX 200 (.AXJO) making strong gains

Australia: S&P/ASX 200 (.AXJO) making strong gains Australia’s stock market carved its own path on Wednesday, making strong gains despite Asian markets falling and US futures pointing to a weak performance on Wall Street overnight. The energy sector – one of the most sold since the start of the year – led the gains with […]

Wednesday’s World Markets: Asia and Oceania

Asian equities recorded their biggest foreign outflow in at least 12 years in March, hit by the coronavirus pandemic and its impact on businesses across the region, with most factories shuttered to contain its spread. The S&P/ASX 200 index finished 3.6% higher at 5,258.60, recovering from the benchmark’s 2.02% fall Tuesday. The benchmark closed at […]

Australia: S&P/ASX 200 (.AXJO) the big unknown, and it suggests markets are likely to remain volatile until this uncertainty is resolved

Australia: S&P/ASX 200 (.AXJO) the big unknown, and it suggests markets are likely to remain volatile until this uncertainty is resolved

Australia: S&P/ASX 200 (.AXJO) the big unknown, and it suggests markets are likely to remain volatile until this uncertainty is resolved The ASX 200 closed down 2 per cent or 104 points to 5,076. Earlier in the day, the benchmark indexhad jumped as high as 3.6 per cent, before suffering a sharp reversal in sentiment […]

Tuesday’s World Markets: Asia and Oceania

Southeast Asian stock markets rose Tuesday as data showed China factory activity unexpectedly expanded in March after contracting to a record low in the previous month even though the coronavirus pandemic showed few signs of abating. Indian shares edged up Tuesday, tracking broader Asian peers, after upbeat factory data from China gave investors hope of […]

Australia: S&P/ASX 200 (.AXJO) rises more than three per cent as stimulus-driven gains carried into a second session

Australia: S&P/ASX 200 (.AXJO) rises more than three per cent as stimulus-driven gains carried into a second session

Australia: S&P/ASX 200 (.AXJO) rises more than three per cent as stimulus-driven gains carried into a second session The Australian share market has risen more than three per cent as stimulus-driven gains carried into a second session. The S&P/ASX200 benchmark index was up another 140.3 points, or 2.71 per cent at 5,321.7 by 1200 AEDT […]

Australia: S&P/ASX 200 (.AXJO) shares are expected to fall

Australia: S&P/ASX 200 (.AXJO) shares are expected to fall

Australia: S&P/ASX 200 (.AXJO) shares are expected to fall Australian shares are expected to fall, reflecting in part more selling on Wall Street over the weekend, as the global number of coronavirus cases and the death toll leapt higher. ASX futures were up 6 points or 0.1 per cent to 4834 at 3.59pm on Friday […]

Australia: S&P/ASX 200 (.AXJO) to rise; Woolworths hires 20,000 workers

Australia: S&P/ASX 200 (.AXJO) to rise; Woolworths hires 20,000 workers

Australia: S&P/ASX 200 (.AXJO) to rise; Woolworths hires 20,000 workers The ASX200 benchmark index has had three straight days of gains, after finishing Thursday up 2.3 per cent while the All Ordinaries index closed up 2.58 per cent. The Australian dollar was buying 60.66 US cents at 0700 AEDT, up from 59.14 US cents as […]

Thursday’s World Markets: Asia and Oceania

Thursday’s World Markets: Asia and Oceania

Most South East Asian stocks rose on optimism around a massive US stimulus package, although Singapore shares fell after the city-state cut its annual growth forecast to better reflect the economic damage from the coronavirus pandemic. Japanese shares took a tumble Thursday following 3 days of massive gains after a rise in domestic coronavirus cases […]

Australia: S&P/ASX 200 (.AXJO) first time in a month that the index has finished in the green two days in a row

Australia: S&P/ASX 200 (.AXJO) first time in a month that the index has finished in the green two days in a row

Australia: S&P/ASX 200 (.AXJO) first time in a month that the index has finished in the green two days in a row The broader All Ordinaries index also finished higher, closing 5.32 per cent higher at 5,006.20 points. The late rally coincided with news from Washington that the US government had agreed to pass the […]

Wednesday’s World Markets: Asia and Oceania

Wednesday’s World Markets: Asia and Oceania

Australian shares jumped 5% Wednesday, ending just short of the 5,000 mark, fuelled by a bout of last-minute buying after the US government agreed on a massive stimulus package to mitigate the impact of the coronavirus pandemic. The S&P/ASX 200 index unofficially ended the session about 3.2% higher but clocked a gain of over 2% […]

Australia: S&P/ASX 200 (.AXJO) – RBA is injecting extra liquidity into the financial system

Australia: S&P/ASX 200 (.AXJO) – RBA is injecting extra liquidity into the financial system

Australia: S&P/ASX 200 (.AXJO) – RBA is injecting extra liquidity into the financial system Lowe revealed that over the past few weeks, the RBA has injected “substantial extra liquidity into the financial system through our daily market operations.” He also revealed that the RBA will conduct one-month and three-month repurchase (repo) operations each day. In […]

Tuesday’s World Markets: Asia, Oceania and EU

Just in: S&P 500 futures Vs fair value: +108.60. NAS Comp futures Vs fair value: +352.30. $SPY $QQQ Most Southeast Asian stock markets rebounded on Tuesday as global and regional stimulus measures to stem the financial impact of the coronavirus pandemic lifted investor sentiment, while Thailand prepared to enter a month-long emergency. Thai shares gained […]

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined

Australian Dollar: USD/AUD (AUD=X) Still At Risk Of Falling As Buyers Remain Side-Lined The AUD/USD pair had a relatively quiet day, ending it unchanged around 0.5790. The pair seesawed within familiar levels trapped between the usual dollar’s demand, and resurgent gold prices. The bright metal soared to $1,561.21 a troy ounce, limiting the downside for […]

Australia: S&P/ASX 200 (.AXJO) lower as all the major banks take a beating

Australia: S&P/ASX 200 (.AXJO) lower as all the major banks take a beating

Australia: S&P/ASX 200 (.AXJO) lower as all the major banks take a beating Bank stocks suffered another battering on Monday, with National Australia Bank reaching a price not seen since John Howard was elected Prime Minister. The financial sector was sold off as it appeared more likely Australia is heading for a severe recession, with long […]

Monday’s World Markets Outlook: Asia and Oceania

Australian shares are expected to open lower Monday as the widespread closure of venues across the country offset new fiscal stimulus from the government to stem a coronavirus-induced slowdown. New Zealand’s benchmark index dove more than 10% and was on course for its worst session ever after the country announced a move to enter lockdown […]

Australia: S&P/ASX 200 (.AXJO) crashes 8% on lockdown measures

Australia: S&P/ASX 200 (.AXJO) crashes 8% on lockdown measures

Australia: S&P/ASX 200 (.AXJO) crashes 8% on lockdown measures After half an hour of trading the industrials, consumer discretionary and property trust indices had tumbled more than 9 per cent. Energy, Info tech and financials plummeted more than 8 per cent and telcos, health care and utilities fell more than 7 per cent. Consumer staples were […]

Australia: S&P/ASX 200 (.AXJO) poised to open higher as Wall Street was lifted by a tech stock rally

Australia: S&P/ASX 200 (.AXJO) poised to open higher as Wall Street was lifted by a tech stock rally

Australia: S&P/ASX 200 (.AXJO) poised to open higher as Wall Street was lifted by a tech stock rally Australian shares are poised to open higher as Wall Street was lifted by a tech stock rally, though trading was choppy and the top three US benchmarks ended well off their intraday peaks. ASX futures were up […]

Thursday’s World Markets Outlook: Asia and Oceania

Philippines plunged 24% Thursday on reopening after a 2-day hiatus, while other Southeast Asian stock markets also sustained heavy losses on fears over the economic damage from the coronavirus pandemic. Indonesian equities fell 5%, triggering a circuit breaker for the 4th time in 6 sessions. Financial and consumer stocks were the biggest losers, with Bank […]

Australia: S&P/ASX 200 (.AXJO) Investors brave another day

Australia: S&P/ASX 200 (.AXJO) Investors brave another day

Australia: S&P/ASX 200 (.AXJO) Investors brave another day Investors braved another day of wild volatility on the local sharemarket on Wednesday, as the bourse undid its gains from the previous session. The S&P/ASX 200 Index slid 340.2 points, or 6.4 per cent, to 4953.2 wiping another $102.3 billion from the boards and closing below 5000 […]

Wednesday’s World Markets: Asia and Oceania

Japanese stocks advanced Wednesday after Wall Street staged a strong rebound as policymakers across the world cobbled together packages to counter the severe restrictions on various regular activities aiming at slowing the spread of the coronavirus. Australian shares are set to open slightly lower on Wednesday as unnerved investors took note of the US Fed […]

Australia: S&P/ASX 200 (.AXJO) are poised to open higher

Australia: S&P/ASX 200 (.AXJO) are poised to open higher

Australia: S&P/ASX 200 (.AXJO) are poised to open higher Australian shares are poised to open higher, following a stunning rally on Friday in New York which caused all three big US benchmarks surge more than 9 per cent. ASX futures were up 61 points or 1.1 per cent to 5655. The local currency pared a plunge to […]

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly

Australian Dollar: USD/AUD (AUD=X) Bounce Is Slightly The Australian dollar of course is highly levered to the Chinese economy, and of course is highly levered to global growth in general. At this point it looks as if the global growth is falling apart even further and that is going to continue to weigh upon the Aussie. However, […]

Australia: S&P/ASX 200 (.AXJO) plunges to lowest level since 2016 in brutal selloff

Australia: S&P/ASX 200 (.AXJO) plunges to lowest level since 2016 in brutal selloff

Australia: S&P/ASX 200 (.AXJO) plunges to lowest level since 2016 in brutal selloff News the United States will temporarily suspend travel from Europe saw fears over a global recession escalate sharply on Thursday, leading to another brutal selloff in Australian shares which tumbled to the lowest level since in over three years. The benchmark S&P/ASX […]

Australia: S&P/ASX 200 (.AXJO) rebounded after a horror start to the week

Australia: S&P/ASX 200 (.AXJO) rebounded after a horror start to the week

Australia: S&P/ASX 200 (.AXJO) rebounded after a horror start to the week Australian shares rebounded on Tuesday after a horror start to the week, but market watchers warn that volatility is likely to persist until there are signs of progress in containing the novel coronavirus. After tumbling close to 4 per cent on the open […]

Australia: S&P/ASX 200 (.AXJO) crashes below 6,000 with almost $140b wiped off in worst day since global financial crisis

Australia: S&P/ASX 200 (.AXJO) crashes below 6,000 with almost $140b wiped off in worst day since global financial crisis

Australia: S&P/ASX 200 (.AXJO) crashes below 6,000 with almost $140b wiped off in worst day since global financial crisis The Australian share market has lost almost $140 billion in Monday’s trade, amid the economic fallout from the coronavirus and an oil price war. At the same time, the Australian dollar briefly tumbled to just above […]

Australia: S&P/ASX 200 (.AXJO) set to drop following overseas markets

Australia: S&P/ASX 200 (.AXJO) set to drop following overseas markets

Australia: S&P/ASX 200 (.AXJO) set to drop following overseas markets Australian shares are set to drop, following overseas markets, as investors continue to reprice equities with the number of confirmed cases of the coronavirus outside of China expected to rise ever higher this week. ASX futures were down 93 points or 1.5 per cent to […]

Australia: S&P/ASX 200 (.AXJO) volatility in shares continue

Australia: S&P/ASX 200 (.AXJO) volatility in shares continue

Australia: S&P/ASX 200 (.AXJO) volatility in shares continue The volatility in shares continued on Thursday, with the local sharemarket reversing falls from the previous session to close markedly higher after a positive lead from overseas. The S&P/ASX 200 Index ended the day 70.3 points, or 1.1 per cent, higher at 6395.7, leaving the benchmark 10.7 […]

Australia: S&P/ASX 200 (.AXJO) sinks to six-month low on fears of bank weakness

Australia: S&P/ASX 200 (.AXJO) sinks to six-month low on fears of bank weakness

Australia: S&P/ASX 200 (.AXJO) sinks to six-month low on fears of bank weakness The ASX dropped to its lowest level in six months on Wednesday amid concerns the profit margins of major banks will be squeezed by their decision to pass on the full extent of Tuesday’s RBA rate cut to mortgage holders, as requested […]

Australia: S&P/ASX 200 (.AXJO) and Wall St rebound from coronavirus fears but pares gains after RBA cuts rates

Australia: S&P/ASX 200 (.AXJO) and Wall St rebound from coronavirus fears but pares gains after RBA cuts rates

Australia: S&P/ASX 200 (.AXJO) and Wall St rebound from coronavirus fears but pares gains after RBA cuts rates The ASX 200 index finished the session 0.7 per cent higher at 6,435 points. The broader All Ordinaries index rose 50 points to 6,511. The Australian share market had an early boost from investors buying the dip […]

Australia: S&P/ASX 200 (.AXJO) set for gains as Wall Street rebounds

Australia: S&P/ASX 200 (.AXJO) set for gains as Wall Street rebounds

Australia: S&P/ASX 200 (.AXJO) set for gains as Wall Street rebounds Global markets stabilised overnight and Wall Street jumped higher as central banks around the world signalled they would support markets with stimulus in the wake of the coronavirus. At 7.55am AEDT, futures are pointing to a gain of 21 points, or 0.3 per cent, […]

Australia: S&P/ASX 200 (.AXJO) set for more losses

Australia: S&P/ASX 200 (.AXJO) set for more losses

Australia: S&P/ASX 200 (.AXJO) set for more losses The Australian sharemarket is set for more losses when trading resumes on Monday, as the coronavirus induced shock that took most major markets into correction territory last week shows no sign of abating. Bets on interest rate cuts have escalated dramatically since the equity market sealed its […]

Australia: S&P/ASX 200 (.AXJO) set to tumble as Wall Street enters correction

Australia: S&P/ASX 200 (.AXJO) set to tumble as Wall Street enters correction

Australia: S&P/ASX 200 (.AXJO) set to tumble as Wall Street enters correction The Australian sharemarket is staring at another day of heavy falls as rising coronavirus fears sent Wall Street into a technical corrction overnight. 1. Volatility increases further: Panic in global markets only escalated overnight, still on fears that the coronavirus is rapidly evolving […]

Australia: S&P/ASX 200 (.AXJO) top 200 companies has now shed just under $130 billion since the start of the week

Australia: S&P/ASX 200 (.AXJO) top 200 companies has now shed just under $130 billion since the start of the week

Australia: S&P/ASX 200 (.AXJO) top 200 companies has now shed just under $130 billion since the start of the week Australian shares fell sharply again on Wednesday, with the benchmark S&P/ASX 200 notching its largest three-day fall since August 2015. The index tumbled 158.5 points, or 2.3 per cent, to 6708.1 points, finishing trade near […]

Australia: S&P/ASX 200 (.AXJO) Virus fears blamed as the spread of the deadly coronavirus causes mass panic

Australia: S&P/ASX 200 (.AXJO) Virus fears blamed as the spread of the deadly coronavirus causes mass panic

Australia: S&P/ASX 200 (.AXJO) Virus fears blamed as the spread of the deadly coronavirus causes mass panic The Australian ASX has plunged over 2.6 per cent at opening this morning following Monday’s bloodbath. Shortly after midday the S & P/ASX 200 was down 1.3 per cent after earlier falling 2.6 per cent to a seven-week […]

Australia: S&P/ASX 200 (.AXJO) Biggest losses since August 2019

Australia: S&P/ASX 200 (.AXJO) Biggest losses since August 2019

Australia: S&P/ASX 200 (.AXJO) Biggest losses since August 2019 The S&P/ASX 200 dropped 2.25 per cent to 6978.3 points today. (The second decimal point is important because the index dropped 2.21 per cent on October 3 last year). The 2.25 per cent decline is the worst since August 2019, when there were fears of a […]

Australia: S&P/ASX 200 (.AXJO) Drops With Traders Cautious on Virus Woes

Australia: S&P/ASX 200 (.AXJO) Drops With Traders Cautious on Virus Woes

Australia: S&P/ASX 200 (.AXJO) Drops With Traders Cautious on Virus Woes The caution that’s gripped financial markets lately showed no signs of letting up as trading got underway this week, with concern that the coronavirus will hamper growth prospects hitting the Australian and New Zealand dollars. The yen gained. Australian bonds climbed, while equity futures […]

Australia: S&P/ASX 200 (.AXJO) Aussie tech index launches today

Australia: S&P/ASX 200 (.AXJO) Aussie tech index launches today

Australia: S&P/ASX 200 (.AXJO) Aussie tech index launches today Australia will finally get its own official index of publicly listed technology companies trading on the now thoroughly virtualized floor of the Australian Securities Exchange, with ratings agency Standard and Poors today launching the much awaited S&P/ASX All Technology Index. It is understood the highly anticipated […]

Australia: S&P/ASX 200 (.AXJO) set to edge higher as Apple spooks markets

Australia: S&P/ASX 200 (.AXJO) set to edge higher as Apple spooks markets

Australia: S&P/ASX 200 (.AXJO) set to edge higher as Apple spooks markets The Australian sharemarket is poised to open slightly higher on a busy day on the reporting season calendar. At 7.30am AEDT, futures are pointing to a gain of 10 points, or 0.1 per cent, at the start of the session. 1. Apple’s downgrade […]

Australia: S&P/ASX 200 (.AXJO) shares fall as profit results pour in

Australia: S&P/ASX 200 (.AXJO) shares fall as profit results pour in

Australia: S&P/ASX 200 (.AXJO) shares fall as profit results pour in The Australian share market has finished marginally lower for a second day as investors digest local profit results in the absence of strong offshore leads. The benchmark S&P/ASX200 index closed Tuesday down 11.4 points, or 0.16 per cent, at 7,113.7, while the broader All […]

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