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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.
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.
Finfeed Archived Aug 10, 2020
Strength across all major commodities including oil, gold, iron ore and base metals, meant there was no other way but up for our sharemarket last week.
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.
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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 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 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.
Finfeed Archived Jun 16, 2020
The performance of global equities markets over the last 24 hours has demonstrated the volatility and unpredictability of the current situation which is still being influenced by economic factors and COVID-19 fears.
Finfeed Archived Jun 09, 2020
The S&P/ASX 200 (XJO) increased more than 4% last week, building on strong gains and suggesting that a period of consolidation is on the horizon.
Finfeed Archived Jun 04, 2020
Given the strength in global markets overnight it would appear that we are in for another strong day with the SPI200 Futures index up 73 points this morning to 5999 points.
Finfeed Archived Jun 02, 2020
A measured response by President Trump regarding US-China relations eased tensions, resulting in a good all round performance from equities markets on Monday. The S&P/ASX 200 index (XJO) increased 63 points with mining and building materials groups leading the index higher.
Finfeed Archived May 19, 2020
The ASX SPI200 futures is up 109 points this morning after strong gains in the US and Europe and strength in commodity prices.
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