Weekly Market Update 27 July 2018 Investment markets and key developments over the past week Share markets mostly pushed higher over the last week helped by good US earnings news and a US/European trade agreement. This saw solid gains in US and European shares which helped the Australian share market. Chinese shares also benefitted from more stimulus talk. But Japanese shares fell slightly on talk of the Bank of Japan reviewing its monetary stimulus. Bank …
Weekly Market Update 20 July 2018 Investment markets and key developments over the past week Trade fears took a bit of a back seat over the past week allowing investors to focus on positive underlying fundamentals including good US earnings results, which saw most major share market rise. This included the Australian share market which is having another go at breaking through the 6300 level helped by industrial, financial, telco and consumer shares. Chinese shares …
Global trade wars could escalate AMP Capital Chief Economist Shane Oliver has warned that the global trade war could escalate, triggering further short-term investment volatility, but will ultimately be resolved through a negotiated settlement. Oliver says the trade war issue is going to be with us for some time to come. “There is a risk here,” he says. “There is continued talk of escalation and retaliation, more tariffs on China potentially, and talk of tariffs …
Weekly Market Update 13 July 2018 Investment markets and key developments over the past week There was plenty of volatility this week as equities initially got hit following more detail from the US around additional tariffs on Chinese imports. The announcement actually contained nothing new, as Trump said in late June that the US would look to impose an additional 10% tariff on $200 billion of Chinese imports if China was to retaliate against US trade tariffs (which …
EOFY super returns: how have markets fared? The last financial year has been a strong period for super fund portfolios. Equity markets posted solid gains both in Australia and offshore, up 13.7% and 15.4% respectively. Returns were also positive across other asset classes such as direct property and infrastructure, and bond returns, although modest, were much stronger than the previous year. Overall, global growth conditions helped to drive earnings and although the US Fed continued …
Weekly Market Update 6 July 2018 Investment markets and key developments over the past week Trade war fears continued to cause nervousness over the last week, weighing on Chinese, Japanese and Asian shares generally but US and Eurozone shares rose partly on hopes for a resolution but also helped by good data and Australian shares also pushed higher helped by a rebound in Telstra. Bond yields were generally flat to down excepting in Italy where …
Weekly Market Update 29 June 2018 Investment markets and key developments over the past week The past week saw geopolitical concerns around trade, and particularly the US-China relationship, continue to dominate investment markets. This saw most share markets fall, with the Chinese share market falling particularly sharply, but the Australian share market held up pretty well with higher oil prices boosting energy stocks. Bond yields continued to fall on the back of safe haven demand, except …
Weekly Market Update 22 June 2018 Investment markets and key developments over the past week The past week saw geopolitics continue to cause gyrations in markets with political tensions around immigration in Germany and Trump upping the ante on trade with China. This saw most major share markets fall, particularly in Europe and China and at the same time emerging markets remained under pressure not helped by the rising $US fuelling fears about a dollar …
Weekly Market Update 15 June 2018 Investment markets and key developments over the past week The past week saw most share markets gain as strong US data more than offset worries about a more hawkish Fed and tariffs, the ECB remained dovish, Italian risks receded a bit and the US-North Korean summit was seen as successful. Chinese shares were not helped by soft economic data but gains in global shares generally and lower bond yields helped …
How are Australia’s states and territories tracking? An end to the fall in mining investment is helping to stabilise growth in Australia’s mining states and territories (WA, Qld and NT to a lesser extent) while a slowing housing sector is starting to act as a drag on NSW and Vic. Tas is benefitting from a lift in population growth and housing “refugee” demand from Sydney and Melbourne. Growth in SA and the ACT has been …
