What’s giving markets the jitters and will it last? After a strong run of late, local and global markets have developed a clear case of the jitters. There are a few things rattling them, with the risk of a second wave of COVID-19 at the top of the list. The ASX has had a strong recovery in recent weeks – rising 35% from its March 23 low to its recent high. Similarly, in the …
ECONOMICS & MARKETS After the Bell: daily market update, May 11 11 May, 2020 Chief economist Shane Oliver wraps the day that was in local markets, the last week in global markets, and why Australia might just be the lucky country when it comes to COVID-19 recovery. Important information While every care has been taken in the preparation of this video, AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) and AMP Capital …
Sun shines on local holidays No matter how far and wide they roam, Aussies still love to call Australia home. Increasingly we are seeing this Great Southern Land as an attractive alternative to holidaying overseas. For a while, the lure of exotic destinations was enhanced by the Aussie dollar’s buying power as it soared against foreign currencies. Value for money That was then. From its high of US$1.10, the Aussie dollar has dipped below …
