Market Update

Investment markets and key developments Risk off with shares down again, bond yields down, commodity prices down and the $A down. Shares got a boost mid-week from firming expectations for Fed rate cuts, but this gave way again to renewed concerns about weaker economic growth after weak US jobs data and concerns that we have seen the best for tech stocks as tech earnings results have been mixed. For the week US shares fell 2.1%, Eurozone shares fell 4.2%, Japanese shares [...]

Investment markets and key developments Global share markets mostly fell over the last week on the back of softer than hoped for big tech earnings, concerns about growth and political uncertainty in the US. US shares got a boost on Friday from better inflation data but fell 0.8% for the week with weakness remaining concentrated in IT shares as a rotation away from tech continues to support small caps with the Russell 2000 up 3.5% for the week and 10.4% this [...]

Investment markets and key developments US equities managed to end the week 1.3% higher despite hawkish comments from Fed Chair Powell and other Fed members which led to an increase in bond yields and Moody’s decision on Friday to change the US credit rating to “negative” from stable which increases the risk of a downgrade to their Aaa credit rating. Bond yields drifted higher late into the week with the US 10-year yield back up above 4.6% (although this is [...]

Investment markets and key developments Global share markets rebounded over the last week from oversold levels on the back of increasing optimism that the Fed has finished raising rates helped by soft US jobs data, strong US earnings results and the war in Israel being relatively contained so far. For the week US shares rose 5.9%, Eurozone shares rose 4.3%, Japanese shares rose 3.1% and Chinese shares gained 0.6%. The global rebound and falling bond yields saw the Australian share market [...]

Investment markets and key developments Most global share markets fell again over the last week on the back of ongoing worries about high bond yields, the war in Israel and some mixed US earnings results. For the week US shares fell 2.5%, Eurozone shares fell 0.3% and Japanese shares lost 0.9%. However, Chinese shares rose 1.5% helped by the announcement of policy stimulus. The poor global lead along with increased expectations for another rate rise following hawkish RBA comments and higher [...]

Investment markets and key developments Global share markets were mixed over the last week. US shares rose as Fed officials sounded less hawkish before higher than expected inflation and nervousness over the war in Israel weighed later in the week, leaving them up 0.5% for the week as a whole. Japanese shares also gained 4.3% but Eurozone shares fell 0.2% and Chinese shares fell 0.7%. The positive global lead along with talk of more stimulus in China saw Australian shares rise [...]

Investment markets and key developmentsGlobal share markets were mixed over the last week. US shares initially fell as higher bond yields continued to pressure valuations not helped by political uncertainty with the replacement of the House Speaker, but then rebounded from technical support on Friday helped by a “goldilocks” (not too strong, not too weak) interpretation of the latest jobs data. This saw US shares rise 0.5% for the week. Eurozone shares fell 1.2% for the week and Japanese shares fell 2.7%. [...]

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 [...]