Market Update

Investment markets and key developments over the past week Share markets were buffeted by concerns about higher inflation and rising coronavirus cases over the past week. US shares fell 1% through the week and European shares fell 0.8%. However, Japanese shares rose 0.2%, Chinese shares rose 0.5% and Australian shares gained 1%, 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 [...]

Investment markets and key developments over the past week Share markets fell over the last week, mainly on the back of worries that a resurgence of new coronavirus cases will derail the global economic recovery. The poor global lead along with the worsening coronavirus outbreak in Sydney necessitating an extension and tightening of its lockdown pushed the Australian share market down with sharp falls in retailers, health, IT and financial shares. Consistent with the risk off tone bond yields fell [...]

Investment markets and key developments over the past week While the US share market rose over the last week, other global share markets fell with concerns about a renewed rise in coronavirus cases. The latest coronavirus outbreak and new lockdowns also weighed on the Australian share market with gains in telcos, retail and energy stocks offset by weakness in utilities, IT and property shares. The risk off tone saw bond yields fall, metal and iron ore prices decline, and the [...]

Investment markets and key developments over the past weekGlobal share markets rebounded over the past week with US shares making it to a new record high helped by calming words from the Fed. However, Australian shares fell partly in delayed reaction to the previous weeks falls in the US and not helped by talk of earlier rate hikes in Australia and coronavirus concerns, with IT and materials up but falls led by health and financial stocks. Bond yields rose slightly in [...]

Investment markets and key developments over the past weekWhile US shares fell over the last week as the Fed surprised on the hawkish side and Chinese shares also fell, Eurozone and Japanese shares rose benefitting from reopening and having central banks that are a long way behind the Fed. Australian shares also had a strong week rising to a new record high although this was led by IT, health, retail and telcos offsetting weakness in resources stocks. Bond yields also rose [...]

Investment markets and key developments over the past weekGlobal share markets mostly rallied over the last week. The big surprise perhaps was the US where shares rallied to a new record high and bond yields fell despite another surge in inflation, because investors interpreted the make-up of higher than expected inflation for May as consistent with the Fed's assessment that the spike in inflation would be transitory. Eurozone and Japanese shares also rose but Chinese shares fell. Australian shares also rose [...]

Investment markets and key developments over the past weekGlobal share markets were mixed over the last week with US shares up 0.6% helped by a solid but less than expected rise in employment, Eurozone shares up 0.6% as reopening continues, but Japanese and Chinese shares down -0.7%. Australian shares rose another 1.6% pushing them further into record territory helped along by strong economic growth data and ongoing RBA dovishness. The rise in the S&P/ASX 200 was led by energy stocks (on [...]

Investment markets and key developments over the past week Share markets had a bit of a rough ride with inflation fears continuing to impact and this left them mixed for the week with US and Eurozone shares down but Japanese and Chinese shares up. Australian shares were hit hard earlier in the week by inflation fears and concerns about China diversifying its iron ore supply away from Australia (which is not likely in the short term as Australia accounts for [...]

Investment markets and key developments over the past week Share markets fell over the last week as US inflation data for April came in far stronger than expected raising fears of an earlier Fed tightening. Bond sensitive tech stocks were amongst the hardest hit. The poor global lead also weighed on the Australian share market after it hit a record high early in the week, although it fell back by far less given that the threat of higher inflation is [...]