Market Update 24 September Investment markets Global shares fell sharply early in the week but then rebounded as fears around China Evergrande receded and the Fed meeting was out of the way. This saw US, European and Chinese shares rise for the week, but Japanese shares fell. Australian shares also fell despite a mid-week rally as the weak iron price weighed on miners which along with falls in financial and property shares more than offset big …
Market Update 17 September Investment markets Global shares were mixed over the last week with US and Japanese shares up, European shares flat and Chinese shares down. US shares were helped by stronger than expected activity data and softer inflation, but Chinese shares were hit by a further slowing in Chinese data and concerns about Evergrande Group. Australian shares fell with solid gains in energy and property shares offset by sharp falls in mining stocks on …
Market Update 10 September Investment markets and key developments over the past week Global shares were mixed over the last week. US and European shares fell on concerns about the growth outlook and central banks reducing stimulus, but Japanese shares continued to rise on hopes for more fiscal stimulus after PM Suga announced he would step down and Chinese shares rose. Australian shares fell on the back of the weak global lead, lower iron ore prices …
Market Update 16 July Investment markets and key developments over the past week Share markets were buffeted again by higher inflation and mixed messages from various central banks over the last week. While US and European shares fell slightly, Japanese, Chinese and Australian shares rose benefitting from the rally in US shares at the end of the previous week. The gain in Australian shares came despite bad news on lockdowns and was led by utility, …
Market Update 4 June Investment markets and key developments over the past week Global share markets were mixed over the last week with Eurozone shares up, but US shares down slightly not helped by ongoing inflation and taper fears with Japanese and Chinese shares also down a bit. Despite the messy global lead Australian shares pushed further into record territory helped along by strong economic growth data and ongoing RBA dovishness. The rise in the …
Market Update 30 April Investment markets and key developments over the past week Share markets were mixed over the last week with US shares rising to new record highs helped by good economic data, strong earnings and more stimulus and Chinese shares rising but European and Japanese shares fell. Australian shares also fell back slightly as the local market continues to work off technically overbought conditions after its early April surge. Weakness in retailers, …
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 …
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 …
Market Update 21 August 2020 Investment markets and key developments over the past week Share markets were mixed over the last week. US shares rose slightly but have been constrained around their February record high and Chinese shares rose but Eurozone and Japanese shares fell after strong gains in the previous week. Australian shares were little changed reflecting the mixed global lead along with bad but no worse than expected overall earnings results. Very strong …
Market Update 31 July 2020 Investment markets and key developments over the past week Share markets were mixed over the last week with Chinese shares up solidly and US shares rising slightly on the back of good earnings results, particularly for tech stocks, but Eurozone, Japanese and Australian shares fell on uncertainty regarding the economic outlook. Australian shares were dragged lower by sharp falls in energy, financial, health, property and utility stocks. Bond yields generally fell …
