Market Update

Investment markets and key developments Global share markets mostly fell over the last week with more hawkish commentary from Fed Chair Powell and worries that problems at two regional US lenders may mean wider issues for banks. This saw US shares fall 4.6% for the week giving up most of their gains for the year to date and Eurozone shares fell 1.8%. Chinese shares also fell 4% but the Japanese share market rose 0.8%. While Australian shares were initially boosted [...]

Investment markets and key developments Global share markets rose over the last week with hopes that interest rates won’t rise any more than already priced in. For the week US shares rose 1.9% with a solid rebound from technical support levels, Eurozone shares rose 2.4% and Japanese and Chinese shares both rose 1.7%. Despite the positive global lead, the Australian share market fell 0.3% with gains in resources stocks more than offset by losses in other sectors, particularly financials and property [...]

Investment markets and key developments over the past week It was another negative week across most global sharemarkets as central banks remain hawkish and economic data holds up better than expected which means higher interest rates (at least in the near-term). Sharemarkets also ran up too far in January, so some pull-back from high levels was likely. US markets were down by 2.6% over the week (and are around 17% below their 2021 highs), Australia was 0.5% lower (and 4% below [...]

Investment markets and key developments over the past week Global share markets were mixed over the last week as concerns about rate hikes continue to impact. Eurozone shares rose 1.9% for the week but US shares fell 0.3%, Japanese shares fell 0.6% and Chinese shares fell 1.7%. Australian shares lost 1.2% for the week partly reflecting ongoing concerns about the impact or more aggressive RBA rate hikes on the economy and earnings and company reports pointing to signs of weakening demand [...]

Investment markets and key developments over the past week Global share markets mostly fell over the last week on hawkish comments from the Fed, higher bond yields and recession concerns. For the week US shares fell 1.1%, Eurozone shares fell 1.3% and Chinese shares fell 0.9% but Japanese shares gained 0.6%. Australian shares also fell 1.6% not helped by more hawkish than expected interest rate guidance from the RBA with falls led by property, health, utility and IT stocks. Bond yields [...]

Investment markets and key developments over the past week Global share markets rose again over the last week continuing their rally seen so far this year, helped by confirmation that central banks led by the Fed are becoming less hawkish, albeit with mixed earnings news from US tech companies. For the week US shares rose 1.6% despite a fall back on Friday in response to stronger than expected US jobs data which reignited concerns about rate hikes, Eurozone shares rose 2.1%, [...]

Investment markets and key developments Global shares rose over the last week continuing their rally so far this year on signs global inflation has peaked and hopes central banks will become less hawkish and that there will be a soft landing. For the week US shares rose 2.5%, Eurozone shares rose 1.4% and Japanese shares gained 3.1%. Despite worse than expected CPI inflation data and increased market expectations for RBA rate hikes (with the market’s expected cash rate peak this [...]

Investment markets and key developments After rising solidly in the first two weeks of the year, US and European share markets pulled back over the last week on the back of recession and earnings worries and hawkish ECB comments. Falls were curtailed by a strong rally on Friday though helped by more optimistic Fed comments with US shares ending down 0.7% for the week and Eurozone shares down 0.5%. Japanese shares rose 1.7% though and Chinese shares rose 2.6%. And [...]

Investment markets and key developments over the past weekSharemarkets have started the year on a strong footing after a disappointing December, because of the easing in China’s Covid restrictions which will boost global growth, further signs of a deceleration in inflation and expectations of a slowing in central bank rate hikes. US shares were 2.3% higher over the week (with gains across all sectors except health care and consumer staples), Eurozone shares lifted by 2.7%, Japanese shares rose by 1.8%, Chinese stocks [...]

Investment markets and key developments over the past week Share markets resumed their rally over the last week helped by further signs of a slowing in rate hikes from the Fed and a decline in bond yields. While the latter may partly reflect recession fears, lower bond yields also make shares more attractive from a valuation perspective. Reflecting this, US, Eurozone and Japanese shares rose for the week, but Chinese shares fell on Covid lockdown worries. The positive global lead saw [...]