Market Update

Investment markets and key developments Global share markets fell again over the last week as bond yields rose further (with Fed Chair Powell offering no objection to rising bond yields in a Q&A session) putting more pressure on share market valuations. September lived up to its reputation as being a bad month for shares with US shares down around 4.6% and global shares down around 3.7%. Australian shares fell but only by around 0.2% for the week with falls led by [...]

Investment markets and key developments Global share markets mostly fell over the last week as “higher for longer” interest rate signals from the Fed and some other central banks pushed bond yields higher. A 2.9% fall for the week took the key direction setting US share market below its August lows establishing a downtrend from July. Eurozone shares lost 2% and Japanese shares fell 3.4% but the Chinese share market rose 0.8%. Reflecting the weak global lead, the Australian share market [...]

Investment markets and key developments Global share markets were mixed over the last week. US shares initially rose as economic data provided confidence that the Fed won’t have to raise rates again but fell on Friday on concerns about an auto workers strike amidst various options expiries which can magnify volatility leaving them down 0.2% for the week. Chinese shares also fell 0.8% for the week amidst growth concerns. However, Eurozone shares rose 1.3% helped by a “dovish rate hike” from [...]

Investment markets and key developments After a couple of weeks of gains global share markets fell again over the last week on renewed concerns about more central bank rate hikes, higher oil prices as Saudi Arabia and Russia extended production cuts, a rebound in bond yields and concerns about China’s economy and its plans to extend its iPhone ban. For the week US shares fell 1.1%, Eurozone shares fell 1.2%, Japanese shares fell 0.3% and Chinese shares fell 1.4%. Following the [...]

Investment markets and key developmentsAfter three weeks of falls, global share markets managed to rise over the last week helped by softer economic data easing concerns about higher for longer central bank interest rates, the ongoing interest in AI supported by strong sales at Nvidia and no hawkish surprises from Fed Chair Powell’s Jackson Hole speech. For the week US shares rose 0.8% and Eurozone and Japanese shares gained 0.6%. Worries about the Chinese growth outlook continued to weigh on the Chinese [...]

Investment markets and key developments Share markets were mixed over the last week, on the back of higher energy prices and ongoing upwards pressure on bond yields. For the week US shares fell 0.3% and Eurozone shares fell 0.4%. Chinese shares also fell 3.4% with weak data. But Japanese shares rose 0.9%. Australian shares rose 0.2% with gains led by consumer discretionary, energy and financial stocks partly offset by IT, consumer stables and materials. Bond yields rose in the US and [...]

Investment markets and key developments Global equities fell over the past week off the back of a rise in global bonds yields, a risk-off sentiment in markets partly related to the US credit rating downgrade and recent strong gains in shares which made them vulnerable to a pull-back. US S&P500 shares were down by 1.9% (but are up by a massive 17% since the beginning of the year), Australian shares fell by 1.3%, Eurozone shares declined by 3.6%, Japanese stocks [...]

Investment markets and key developments Global shares rose over the last week being buoyed by increasing confidence that central bank interest rates are at or close to the top and solid US earnings reports, despite a brief set back with the BoJ moving to loosen its yield curve control. For the week US shares rose 1%, Eurozone shares rose 1.4%, Japanese shares rose 1.4% despite a brief dip following the BoJ move, and Chinese shares gained 4.5% on Chinese stimulus [...]

Investment markets and key developments Global shares were mixed over the last week as investors digested the strong gains of the previous week and as central bank interest rate expectations were revised up a bit in some countries. For the week US shares rose 0.7%, Eurozone shares rose 0.4%, Japanese shares lost 0.3% and Chinese shares fell 2%. Australian shares rose just 0.1% not helped by stronger than expected jobs growth pushing up RBA rate hike expectations with falls in [...]

Investment markets and key developments Global share markets rebounded strongly over the last week as US inflation fell sharply adding to expectations that the Fed and other central banks are at or near the top on rates. For the week US shares rose 2.4%, Eurozone shares gained 3.5%, Japanese shares were flat and Chinese shares rose 1.9%. The strong global lead along with less hawkish comments from RBA Governor Lowe saw the Australian share market rise by 3.7% with gains [...]