A FinSec View – Market Wrap up, Goodbye 2024 & Hello 2025, Resolutions & more…
20th December 2024 Australian Market Update Welcome to the final edition of The View for 2024. December has been a classic case of what’s good for the economy (and workers) is bad news for interest rates and stocks. Unexpectedly strong labour figures released two weeks ago saw a hit to the ASX and any talk of rate cut in February 2025 firmly pushed out to May - if not beyond. This was followed by The US Federal Reserve cutting rates but suggesting that there are [...]
Weekly Market Update – 13th December 2024
Investment markets and key developments Global shares were mixed over the last week with a backup in bond yields and a bit of profit taking after a strong run up weighing on US and Eurozone shares leading to small falls. For the week US shares fell 0.6%, Eurozone shares fell 0.2% but Japanese shares rose 1%. Chinese shares fell 1% on the continuing lack of concrete fiscal stimulus details. Australian shares fell 1.5% for the week with profit taking after a strong run up, the lack of [...]
Weekly Market Update – 6th December 2024
Investment markets and key developments Despite another week of geopolitical noise with the “fall” of the French Government, a few hours of martial law in South Korea and more noise around Trump, global share markets rose helped by solid US economic data and ongoing expectations for rate cuts globally. For the week US shares rose 1% helped on Friday by benign jobs data supporting the case for a December Fed rate cut. Eurozone shares rose 2.9%, Japanese shares rose 2.3% and Chinese shares rose 1.4%. Despite the [...]
A FinSec View – Market Updates, US Election economic implications, Life Insurance Claims & more…
29th November 2024 Welcome to a special post-US Election edition of The View It’s been just three weeks since Donald Trump won the US Presidential Election and helped the Republican Party take back the Senate and Congress. Every US Presidential election has economic and global implications, none more so than now. We wrap up the whys, how's and what it means for the US economy and markets, here, there and globally and take an overview of the world Trump has inherited before our usual Australian [...]
Weekly Market Update – 22nd November 2024
Investment markets and key developments Against a backdrop of geopolitical risk and noise, high valuations for shares and an eroding equity risk premium, there is positive momentum underpinning sharemarkets for now including the “goldilocks” economic backdrop, the global bank central cutting cycle, positive earnings growth and expectations of US fiscal spending. US sharemarkets rose by 1.3% over the week (and are up by 24% over the year to date), Australia was up by 0.5% (and up by 9% over the year to date). Eurozone and Japanese [...]
Weekly Market Update – 8th November 2024
Investment markets and key developments It was all about the US Presidential election this week. Despite concerns that the election outcome would be extremely close, the Republican victory was stronger than the polls and betting markets were suggesting into the lead up. Trump’s re-election into the White House led to a big rally in share markets (US is up 4.7% over the week to a record high, Australia +2.2%, Eurozone was down by 1.6% and Chinese shares up by 5.5%), some initial rise in bond yields [...]
A FinSec View – Market Updates, Negative Gearing, the Bank of Mum & Dad & much more….
25th October 2024Australian Market UpdateThe ASX 200 started October strongly, buoyed by optimism surrounding global economic stability and China’s stimulus package before reaching new record territory mid-month. On October 15, it briefly sat at 8,331 points, and according to Reuters is up overall more than 18% since the same time last year. This week however, the reality of the timing of any potential rate cuts saw a reality check and the market is back to where it started the month.Materials, real estate, and information technology sectors [...]
Weekly Market Update – 11th October 2024
Investment markets and key developments Global share markets rose over the last week helped by the absence so far of an Israeli retaliation against Iran & hopes that it will avoid disrupting oil supplies along with optimism for a continuation of “Goldilocks” - not too hot not too cold - economic conditions. For the week US shares rose 1.1% also helped by solid bank results kicking off the September quarter earnings reporting season, Eurozone shares rose 0.7% and Japanese shares gained 2.5%. Chinese shares fell 3.3% on [...]