ASX FUTURES

ASX futures up 10 points as technology shares propel NASDAQ higher

Finfeed Archived Aug 21, 2020

The Nasdaq ended Thursday at a record high, with the S&P 500 and Dow Jones also rising, as gains in heavyweight tech stocks outweighed weak data that affirmed the Federal Reserve’s view of a challenging road to economic recovery.

Apple hits US$2 trillion market cap, gold price plummets, ASX futures down 15 points

Finfeed Archived Aug 20, 2020

The ASX SPI200 futures index is down 15 points, suggesting that the Australian stock market will take its lead from the US. However it was not all bad news, especially if you invest in Apple, as it became the first publicly listed US company to surpass the US$2 trillion market capitalisation level.

Mixed overseas markets, but little has changed with ASX futures

Finfeed Archived Aug 14, 2020

Overseas markets were mixed overnight, as investors assessed the prospect of additional stimulus in the US and subdued economic data in light of the record-breaking rally.

Gold price continues slide, S&P 500 just shy of record high, futures up 42 points

Finfeed Archived Aug 13, 2020

A steep fall in the gold price resulted in substantial downward pressure on the S&P/ASX 200 index (XJO), but a late surge of around 30 points saw it finish just seven points shy from the pervious day.

Gold plunges, US markets erratic, but futures slightly in the black

Finfeed Archived Aug 12, 2020

While overseas equities markets were generally buoyant there was weakness in a number of commodities, most notably gold which plunged more than 5% to hit a low of US$1911 per ounce. This is likely to result in major gold stocks placing a drag on the broader index, nullifying the prospects of another positive day.

Dow notches up seventh day of gains, but futures point to a flat day

Finfeed Archived Aug 11, 2020

With most markets gaining ground overnight, one would expect another positive day, but the ASX SPI200 Futures Index is only up two points to 6072 points.

Technology shares lead US stocks higher as Nasdaq closes above 11,000

Finfeed Archived Aug 07, 2020

Wall Street shrugged off a sluggish start to close higher as the Nasdaq soared above 11,000 points as investors remain bullish on stocks and hope for a new fiscal stimulus package.

NASDAQ closes at record high, COVID concerns fail to dampen futures

Finfeed Archived Aug 06, 2020

The S&P ASX 200 index fell 36 points on Wednesday as concerns loomed regarding possible inaction with regards to fiscal support measures in the US. While Congress appears no closer to releasing formal terms regarding stimulus packages, it didn’t affect US markets as the Dow gained 1.4%.

Strong manufacturing data out of China triggers spike in ASX futures

Finfeed Archived Aug 04, 2020

Strong leads from overseas last night, combined with particularly healthy manufacturing data coming out of China should see our market regain positive momentum today.

ASX futures flat, gold makes another record high, overseas markets mixed

Finfeed Archived Aug 03, 2020

After a horror day on Friday, there are no clear indicators that point to a market recovery on Monday. On the domestic front, coronavirus is tightening its grip on Victoria with the declaration of a state of disaster and stage 4 restrictions in Melbourne having a marked detrimental impact on businesses while overseas markets were mixed, suggesting little support from international dynamics.

World stocks decline amid sour economic data, ASX futures down 28 points

Finfeed Archived Jul 31, 2020

US stocks traded mostly lower overnight while oil prices fell as government data highlighted the deep economic impacts of the pandemic.

Fed provides positive momentum in US, ASX futures up nearly 1%

Finfeed Archived Jul 30, 2020

The ASX lacked direction yesterday with negative COVID related news driving the market but direction should be restored with positive news coming from the Federal Reserve FOMC meeting highlighting an intention to address the economic fallout from the coronavirus.

AUD hits 15 month high, ASX Futures up as gold makes new all-time high

Finfeed Archived Jul 28, 2020

The S&P/ASX 200 index (XJO) defied Friday’s negative leads from overseas to post a gain of 20 points on Monday. Australian producers are benefiting from favourable foreign exchange rates, and this support is likely to continue on Tuesday as the gold price soars.