Market Update

Investment markets and key developments Global share markets fell sharply over the last week on concerns that stronger than expected US economic data will result in higher for longer interest rates not helped by somewhat hawkish US Fed meeting minutes. Despite a weaker than feared rise in US payrolls US shares still fell further on Friday as wages growth was stronger than expected leaving the US share market down 1.2% for the week. For the week Eurozone shares fell 3.2%, [...]

Investment markets and key developmentsGlobal share markets fell over the last week with renewed concerns about central bank rate hikes triggering global recession and a slump in profits, not helped by falls in surveys of business conditions. For the week US shares fell 1.4%, Eurozone shares fell 3.1%, Japanese shares fell 2.7% and Chinese shares lost 2.5%. Reflecting the weak global lead along with ongoing RBA hawkishness and concerns about Chinese growth, Australian shares fell 2.1% with falls led by IT, [...]

Investment markets and key developments The US S&P500 was up again over the week, rising by 0.4% (and is up by 12% since January) and the tech-heavy NASDAQ was 0.1% higher and this also follows a massive rally over recent weeks (with the NASDAQ up by 27% since the beginning of the year). Australian shares were down 0.3% over the week and are only up by 1.1% over the year, underperforming the US because of weakness in financials and energy [...]

Investment markets and key developments Global share markets were mixed over the last week with uncertainty about the US debt ceiling and interest rates along with worries about the Chinese recovery, but a strong boost to some US tech stocks from strong AI related demand. After a solid gain on Thursday and Friday on the back of AI enthusiasm and confidence that a debt ceiling deal will be reached US shares rose 0.3% for the week. The Japanese share market continued [...]

Investment markets and key developments Global share markets were mixed over the last week with uncertainty about the US debt ceiling and interest rates along with worries about the Chinese recovery, but a strong boost to some US tech stocks from strong AI related demand. After a solid gain on Thursday and Friday on the back of AI enthusiasm and confidence that a debt ceiling deal will be reached US shares rose 0.3% for the week. The Japanese share market [...]

Investment markets and key developments Global share markets rose over the last week helped by optimism that a US debt ceiling deal will soon be reached and with economic data still holding up. Despite a messy session on Friday, with US shares initially up with Fed Chair Powell signalling an inclination to pause on rates and then falling to end down 0.1% as debt ceiling talks paused over an impasse on spending cuts, for the week US shares gained 1.7%. [...]

Investment markets and key developments It was a quieter week in financial markets. Issues around the banking sector have again faded into the background, but it's too early to say that they are completely resolved. US debt ceiling negotiations are progressing. US President Biden hosted a White House meeting with House Speaker McCarthy and others. While there was no outcome from the meeting (although that was expected), talks between the policymakers are expected to keep going later this week which [...]

Investment markets and key developments Global share markets mostly fell over the last week with further rate hikes and ongoing concerns about US banks and the US debt ceiling. Despite strong rallies on Friday as US banks bounced and as solid US payrolls tempered recession fears a bit, for the week US shares lost 0.8% and Eurozone shares fell 0.5%. Chinese shares fell 0.3% and Japanese shares rose 1%. Australian shares fell by another 1.2% not helped by the surprise [...]

Investment markets and key developments Global share markets were mixed over the last week with US shares initially down but then boosted by tech sector earnings to be up 0.9% and Japanese shares rose 1%, but Eurozone shares fell 0.9% and Chinese shares fell 0.1%. Australian shares fell 0.3% with falls in resources stocks and utilities offsetting gains in telcos, property and IT shares. Bond yields fell, as did oil, metal and iron ore prices fell. The $A fell despite [...]