Market Update

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 [...]

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 [...]