Market Update 23 October 2020 Investment markets and key developments over the past week Global share markets were mixed over the last week being buffeted again by waxing and waning stimulus prospects in the US and ever rising numbers of new coronavirus cases. US and Eurozone shares fell but Japanese and Chinese shares rose slightly. Reflecting the messy global lead Australian shares fell slightly as a rise in bond yields pushed down utilities, telcos and …
AMP Chief Economist Shane Oliver delivers the October 2020 economic market update with particular focus on what’s happening with property investments. Dr Oliver covers topics including ‘economic and investment outlook’, the ‘impact of coronavirus on consumer markets’ and delves into the ‘positives and negatives of the housing market’. For regular updates an insight into investing and finance, please review our insights section: https://www.amp.com.au/insights Original Author: Produced by AMP and published on 16/10/2020 Source
Market Update 09 October 2020 Investment markets and key developments over the past week Share markets rose solidly over the past week on hopes for a stimulus deal in the US, whether before the election or after if there is a Democrat clean sweep. Australian shares benefitted from the positive global lead but also from fiscal stimulus in the Budget with the ASX seeing strong gains across all sectors but particularly in energy, financial, IT, material …
Four take-aways from the RBA’s October meeting The RBA held its October board meeting today. Though there wasn’t as much movement as we expected, there were four key take-aways: 1. The RBA left the cash rate on hold The RBA left the cash rate on hold at 0.25% for the seventh month in a row. With the RBA recently explicitly stating that its forecast outlook for inflation and employment is not consistent with its objectives …
Market Update 02 October 2020 Investment markets and key developments over the past week Global share markets mostly rose over the last week helped by dip buying in the US, some hope (which is now fading) for a new US stimulus deal and mostly good economic data. Australian shares fell though, after bucking the trend of falling markets in the previous week and with energy, consumer staple, utility, health and financial shares particularly hard hit. …
Market Update 25 September 2020 Investment markets and key developments over the past week Global share markets fell again over the last week on concerns about rising coronavirus cases, tightening social distancing restrictions in Europe and the lack of progress towards additional fiscal stimulus in the US. Despite a rally late in the week, US shares fell 0.6%, eurozone shares lost 4.2%, Japanese shares fell 0.7% and Chinese shares fell 3.5%. Australian shares however managed a …
Market Update 18 September 2020 Investment markets and key developments over the past week Share markets mostly rose slightly over the last week after two weeks of falls helped by reasonable economic data, anticipation of Fed dovishness, positive vaccine news and M&A activity. However, some of the gains were given up later in the week as tech stocks came under renewed pressure and the Fed did less than some had hoped. Despite the volatility Australian shares …
Market Update 11 September 2020 Investment markets and key developments over the past week The equity market correction that started last week, driven by falls in tech stocks, has continued, and has now broadened out to other sectors. US shares are down by 2.6% and the tech-heavy NASDAQ is down by a larger 4% over the week. But, all sectors in the S&P500 fell over the week and energy was down heavily as the oil …
Market Update 04 September 2020 Investment markets and key developments over the past week US shares hit another record high mid-week only to be reversed by the end of the week because of a big fall in tech shares, which have been driving the rebound in US equities since the March lows. The US S&P is down by 1.5% over the week, with the tech sector (which has the biggest weight in the index) down …
Market Update 28 August 2020 Investment markets and key developments over the past week Global share markets rose over the past week helped by continuing signs of economic recovery, positive coronavirus vaccine and treatment news and anticipation of the Fed’s shift to inflation average targeting. Australian shares fell slightly though over the past week reflecting poor earnings results with weakness in utilities, energy, health, telco and material shares. Bond yields rose helped by the Fed’s more …
