Market Update 26 February 2021 Investment markets and key developments over the past week Global share markets fell over the last week as the selloff in bonds accelerated raising concerns about valuations. Bond yields increased significantly, particularly in the US and Australia and 10 year yields at their highs on Friday were up by around 100 basis points in the US from last year’s low and by around 130 basis points in Australia, before settling …
Market Update 12 February 2021 Investment markets and key developments over the past week Global share markets rose again over the last week helped by good US earnings, declining new coronavirus cases and ongoing assurance of easy monetary policy and US fiscal stimulus. Australian shares fell slightly for the week though led by declines in energy, industrial, material and utility stocks not helped by Friday’s news of yet another snap lockdown – this time in Victoria. …
Market Update 05 February 2021 Investment markets and key developments over the past week Global share markets rebounded over the last week helped by good economic data and earnings news, reduced concerns around vaccines and as worries about the Reddit/day trader crowd adding to volatility fizzled. This saw the US share market rise to a new record high. Reflecting the positive global lead along with strong Australian data and a very dovish message from the RBA …
Market Update 29 January 2021 Investment markets and key developments over the past week Global share markets fell over the past week hit by a combination of concerns around coronavirus, vaccine roll out and delays to extra US stimulus as US day traders added to volatility. Australian shares fell reflecting the weak global lead with resources, IT, financial and industrial shares seeing the biggest falls. Bond yields fell in the US and Europe but were …
Seven key charts for investors to watch regarding the global economy and investment markets this year Key points Shares are at risk of a short-term correction or consolidation, but investment markets should provide solid returns this year on the back of continuing economic recovery and low interest rates. Seven key global charts worth keeping an eye on by investors this year are: the trend in new coronavirus cases and deaths; global business conditions PMIs; unemployment; …
Market Update 22 January 2021 Investment markets and key developments over the past week Global share markets rebounded over the past week with US shares hitting a record high helped by good earnings news and optimism regarding President Biden’s stimulus plans. Reflecting the positive global lead and good Australian economic data the Australian share market rose to its highest since February led by strong gains in IT, retail, health and telco stocks. Bond yields mostly rose …
US political protests, inflation and rising bond yields Key points US protests are only an issue for investment markets if they significantly impact economic activity. Global and Australian recovery will boost bond yields and there is good reason to believe that (after yet another false ending) the now nearly 40-year super cycle decline in bond yields may be at or close to over. But the end of the bond bull market is likely to …
Market Update 15 January 2021 Investment markets and key developments over the past week Global share markets were mixed over the last week with Japanese shares up strongly, but US and European shares down slightly partly on profit taking after a run of strong gains along with concern about rising bond yields and Chinese shares also down. Consistent with the soft US lead Australian shares also fell slightly with gains in energy, financial and IT stocks …
How unrest in the US is playing out in markets Undoubtedly, the storming of the Capitol Building in Washington DC will go down as a dark mark in US history – not only due to the tragic loss of life which followed. The events of January 6 are a significant indication of social and political tensions in the country at the moment, stirred by President Trump’s dissatisfaction at his loss to Joe Biden in last …
Market Update 18 December 2020 Investment markets and key developments over the past week Global share markets pushed higher again over the last week as the roll out of vaccines and US stimulus optimism offset uncertainties about the near-term impact from lockdowns. While the latest coronavirus outbreak in Sydney weighed on Australian shares on Friday, the local share market still rose for a seventh week in a row helped by the positive global lead and stronger …
