Market Update

Investment markets and key developments over the past weekGlobal share markets saw continuing gains over the past week helped by expectations that the Delta outbreak won’t lead to lockdowns in major developed countries and that the Fed would be gradual in scaling back monetary stimulus. Helped by the positive global lead and rapidly rising vaccination rates, the Australian share market also rose despite rising local coronavirus cases, with the gains led by energy, property, industrial and IT stocks. Bond yields fell [...]

Investment markets and key developments over the past week Global share markets rebounded over the last week with US shares making a new record high helped by signs that the Delta wave may be slowing in the US, before a bit of caution pared gains later in the week ahead of the central bankers Jackson Hole meeting. Reflecting the positive global lead Australian shares also rose over the week but rising local coronavirus cases and mixed earnings results constrained the [...]

Investment markets and key developments over the past week Global share markets had a rough week reflecting a confluence of bad news - Afghanistan, China’s continuing regulatory crackdown, worries about the Delta wave in the US and the Fed’s meeting minutes confirming that reduced bond buying (or tapering) is getting nearer. Reflecting the weak global lead Australian shares also fell not helped by a further rise in cases and more lockdown extensions locally along with the continuing slide in iron [...]

Investment markets and key developments over the past week Global share markets continued to rise over the last week with reopening and earnings optimism offsetting Delta concerns and propelling US and European shares to record highs. The Australian share market also rose to a new high on the back of good earnings news offsetting ongoing dismal news on lockdowns - notably in NSW - with banks, telcos, utilities and retail stocks leading the market higher. Bond yields were little changed [...]

Investment markets and key developments over the past week Global share markets rose over the last week with US and European shares making a new high helped by good earnings results offsetting Delta concerns. The Australian share market also rose to a new high propelled by M&A activity in relation to Afterpay and Santos & Oil Search with strong gains in IT, financial, consumer staple and property stocks. Bond yields rose in the US, but were flat or down elsewhere. [...]

Investment markets and key developments over the past week Despite some concerns about Chinese regulatory tightening early in the week and ongoing worries about coronavirus US and European shares rose over the last week helped by strong earnings results in the US and strong data in Europe. Japanese and Chinese shares fell though with regulatory issues weighing on the latter. The positive US lead helped push the Australian share market up to a new high despite an extension to [...]

Investment markets and key developments over the past weekShare market indexes mostly managed to look through coronavirus concerns over the last week with rebounds helped by good US earnings and dovish guidance from the ECB. US, European and Chinese shares rose but Japanese shares fell. The positive global lead also helped push up the Australian share market to a new record high despite expanding lockdowns with strong gains in lockdown winners like health and IT offsetting weakness in resources stocks. Bond [...]

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 [...]