Market Update

Investment markets and key developments over the past week The global share market rebound faltered a bit over the last week with mixed economic data and mostly hawkish messages from central banks. US and European shares were little changed, Japanese shares rose and Chinese shares fell. The Australian share market rose solidly though helped by strong earnings results for some companies led by strong gains in retail, resources and industrial stocks. Bond yields generally rose, although they fell a bit [...]

Investment markets and key developments over the past weekThe share market rebound continued over the last week helped by weaker than expected US inflation data. Australian shares were little changed though with strong gains in resources largely offset by sharp falls in IT, health and property shares. Bond yields generally rose as the fall in yields in prior weeks had gone a little too far too fast. Oil prices rose partly due to US supply disruptions and increased demand forecasts on [...]

Investment markets and key developments over the past week The rebound in share markets continued over the last week, helped by good earnings data and relief that increased China/US tensions resulting from US House Speaker Nancy Pelosi’s visit to Taiwan did not spill over into a more serious conflict (at least not yet). Despite a slight set back on Friday, as strong US payrolls data were seen as keeping the US Federal Reserve (Fed) hawkish for now, for the week [...]

Investment markets and key developments over the past weekThe bounce back in shares continued over the last week on hopes that slowing growth will see central banks ease up on the pace of monetary tightening helped along by mostly good earnings results. However, while US and European shares rose, Japanese and Chinese shares fell. The positive global lead along with a less bad than feared CPI result reducing the risk of a further step up in RBA rate hikes pushed the [...]

Investment markets & key developments Global sharemarkets rallied again this week with US equities up 2.5%, Australia 2.4%, Europe 3.4%, Japan 4.2% while Chinese stocks are down by 0.2%. Positive gains in most sharemarkets after weeks of declines are leading to questions about whether we have seen the low in markets. Views have not changed – the risk is of more downside to equities until there are clearer signs that inflation has peaked (which means central banks can pause [...]

Investment markets and key developments over the past week Share markets mostly fell over the last week on fears that still rising inflation will trigger faster rate hikes and recession. While US and European shares both bounced on Friday as US rate hike fears abated a bit, for the week they fell 0.9% and 1.1% respectively. The fall in Eurozone shares was magnified by the risk of a permanent shutdown of Russian gas flowing through the Nordstream 1 pipeline to [...]

Investment markets and key developments over the past week Share markets mostly rose over the last week on hopes that central banks will be able to tame inflation without causing a recession. However, it was messy with Eurozone shares - where the risk of recession is greatest - first making a new bear market low earlier in the week. Australian shares followed the global lead higher with very strong gains in IT, consumer discretionary, health and property stocks. Bond yields [...]

Investment markets and key developments over the past week Recession fears dominated over the last week pushing US, European and Japanese shares down, although Chinese shares (having already had a 35% bear market) rose. Australian shares were little changed with gains in utilities, energy and industrials offset by falls in property, IT and telco shares. Recession fears also pushed down long-term bond yields, oil prices and metal prices with the iron ore price falling about 10% on Friday. And this [...]

Investment markets and key developments over the past week Share markets managed to stabilise and, in most major markets, bounce from oversold levels over the last week as there were no new hawkish surprises from central banks and weak economic data saw bond yields fall taking pressure of share market valuations despite increasing worries about recession. For the week (to date) US shares are up just over 3% and Australian shares rose by just over 1% led by IT, property [...]

Investment markets and key developments over the past week Share markets tumbled again over the last week as markets moved to anticipate even more aggressive rate hikes from central banks after the release of higher than expected US inflation data. For the week (so far) global shares are down around 6% and Australian shares are down by around 7%. The fall in the Australian share market was led by IT stocks which have been under pressures all year but also [...]