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Finfeed Archived Jul 17, 2020
A gauge of global equity markets slid on Thursday as investors assessed the rising number of COVID-19 cases in many countries and elevated levels of unemployment claims heightened concerns of the economic fallout from the pandemic.
Finfeed Archived Jul 16, 2020
The S&P/ASX 200 index (XJO) increased 112 points on Wednesday with strong gains coming from the materials index as the miners cashed in on high base metals and iron ore prices, as well as the robust gold price.
Finfeed Archived Jul 15, 2020
ASX futures have lifted ahead of trade as global equity markets rebounded late on Tuesday, buoyed by a surge in cyclical stocks on Wall Street.
Finfeed Archived Jul 14, 2020
The S&P/ASX 200 index (XJO) increased 1% or 59 points to close at 5956 points on Monday with strong performances from the financial sector as well as mining stocks.
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Finfeed Archived Jul 13, 2020
As concerns deepened on Friday regarding the spread of coronavirus, the S&P/ASX 200 index (XJO) shed 36 points or 0.6% to close the week at 5919 points.
Finfeed Archived Jul 10, 2020
ASX SPI200 futures are down 24 points to 5896 points, suggesting that negative sentiment will stem from poor performances across overseas markets last night.
Finfeed Archived Jul 09, 2020
The gold sector was one of the few shining lights, and with the precious metal spiking last night to a high of nearly US$1830 per ounce, it could be more of the same today.
Finfeed Archived Jul 08, 2020
It was a rollercoaster ride for the S&P/ASX 200 index (XJO) on Tuesday as it started strongly before dipping around midday, rallying mid-afternoon and then falling some 50 points in the last hour of trading.
Finfeed Archived Jul 07, 2020
After spending the best part of Monday in positive territory, the S&P/ASX 200 index (XJO) plunged 60 points in the last two hours of trading to close at 6015 points. Gold came within a whisker of broaching the US$1800 per ounce mark before closing at US$1794 per ounce.
Finfeed Archived Jul 06, 2020
Looking at possible global drivers, US markets didn’t trade on Friday due to Independence Day, suggesting that our markets will mainly be influenced by the manner in which UK and European markets ended last week. That being the case, we could be in for a poor start to the week, and the ASX SPI200 index is certainly pointing in that direction, down 35 points to 5999 points this morning.
Finfeed Archived Jul 02, 2020
The ASX SPI200 futures index is up 42 points to 5945 points, suggesting this positive momentum will be sustained on Thursday.
Finfeed Archived Jul 01, 2020
The S&P/ASX 200 index (XJO) gained 83 points or 1.4% on Tuesday, but the main focus was on the index’s year-on-year performance for fiscal 2020 which was down nearly 11%, not good news for investors locked into index hugging superannuation funds. On the commodities front, it was a big night for gold as it broke through the US$1800 per ounce mark before closing at US$1798 per ounce, up 1% on the previous day.
Finfeed Archived Jun 30, 2020
In Australia, Victoria reported 75 new cases on Monday. This was the state’s fourth highest daily increase since the start of the pandemic. Investors are now acknowledging that there is no quick fix for the issue and definitely no predictability in terms of measuring the impact on businesses.
Finfeed Archived Jun 29, 2020
The ASX looks set to start the week with plenty of challenges given Friday’s rout on Wall Street combined with increasing coronavirus cases in the US and Australia. The S&P/ASX 200 index (XJO) finished at 5904 points on Friday, up 1.5% on the day, but down about 0.7% on a week on week basis.
Finfeed Archived Jun 26, 2020
After a steep selloff on Thursday, ASX futures have lifted ahead of trading in Sydney as U.S. stocks finished higher in a choppy session.
Finfeed Archived Jun 25, 2020
While positive economic signs are emerging, the ASX has become increasingly responsive to negative coronavirus related news, both at home and overseas.
Finfeed Archived Jun 24, 2020
With positive leads coming from all key overseas markets, one would expect the ASX to continue making ground on Wednesday, but the SPI200 futures index is only up nine points to 5934 points.
Finfeed Archived Jun 23, 2020
The Dow gained more than 150 points on the strength of US tech stocks, while the NASDAQ 100 jumped more than 1%, with Adobe, Amazon.com and Square all ending at all-time highs.
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