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Finfeed Archived Jan 21, 2021
The pomp and ceremony of inauguration day has come with a similarly chipper outlook from European markets, with traders hoping this marks the beginning of a more stable four years.
Finfeed Archived Oct 14, 2020
The ASX had a particularly strong run last week, but the winning streak appears to have come to an end with equities markets falling significantly across Europe and the US.
Finfeed Archived Oct 09, 2020
The ASX 200 ended up 1.1% for its fourth straight daily gain yesterday. The index is now up 5.4% for the week, and with ASX SPI200 futures now up 12 points we could be in for another green day. A fifth straight day in the green would mark the index’s best week since April.
Finfeed Archived Oct 08, 2020
With the budget putting cash in the hands of consumers and businesses alike, it wasn’t surprising to see the S&P/ASX 200 Consumer Discretionary Index (XDJ) performed strongly, gaining nearly 2%.
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Finfeed Archived Oct 07, 2020
With generally negative leads from overseas, the ASX SPI200 futures index looks to be on the mark, down 17 points. It appeared that consternation surrounding the budget last evening resulted in many traders sitting on the sidelines to watch the day play out and the budget to beat all budgets unfold.
Finfeed Archived Oct 05, 2020
The Trump news that triggered a substantial sell-off on the ASX on Friday, had a much more nominal impact on overseas markets on Friday night our time.
Finfeed Archived Sep 29, 2020
Following leads from Europe and the US, the ASX SPI200 index is up 38 points, suggesting we could see a significant bounce.
Finfeed Archived Sep 28, 2020
The financial sector was buoyed by moves to relax the responsible lending laws that have served to constrain all facets of consumer and business lending. With US markets having performed strongly at the end of the week this positive momentum could continue, and the ASX SPI200 futures index is pointing in that direction.
Finfeed Archived Sep 24, 2020
The ASX SPI200 futures index was down 55 points, reflecting extreme volatility in US markets. The decline in the US market appeared to stem from Fed Reserve commentary regarding the ongoing need for fiscal stimulus as coronavirus continues to undermine the economy.
Finfeed Archived Sep 18, 2020
Looking at the current state of the market, US stocks fell and Treasuries gained overnight as investors consider whether current levels of stimulus are enough for the country’s slow, but gradual economic recovery.
Finfeed Archived Sep 11, 2020
Major US indexes across the board were all down overnight. This does not bode well for the Australian stock market with the ASX200 SPI Futures down 79 points.
Finfeed Archived Sep 10, 2020
The Australian stock market should see a bounce-back with US markets staging a significant turnaround last night after three consecutive days of losses, and this is reflected in the ASX SPI200 futures index which is up 77 points
Finfeed Archived Sep 09, 2020
After a horror finish last week, the XJO has added 82 points over the last two days, but with the ASX SPI200 Futures index down 98 points all of these gains could be eroded in what is shaping up as a challenging day.
Finfeed Archived Sep 03, 2020
The S&P/ASX 200 index (XJO) soared 110 points on Wednesday, helping to offset three consecutive days of losses leading up to that point. Given the strength in overseas markets last night, this trend is likely to continue and the ASX SPI200 index is up 42 points.
Finfeed Archived Sep 02, 2020
There were once again positive leads out of the US, and this is expected to provide support for the Australian Market with the ASX SPI200 Futures index up 23 points.
Finfeed Archived Sep 01, 2020
With most overseas markets falling overnight the ASX could be set to deliver its third consecutive day of losses, and the ASX SPI200 index is certainly pointing in that direction, down 58 points to 5972 points.
Finfeed Archived Aug 27, 2020
Futures markets point to a turnaround today, largely reflecting strength in overseas markets as both the NASDAQ and the S&P 500 continued to set record highs. However the gain may be a little suppressed given the escalating geopolitical tensions between Australia and China stemming from a review announced yesterday by the Morrison government.
Finfeed Archived Aug 26, 2020
After two consecutive days of gains it would appear that the market is poised for a retracement on Wednesday with the ASX SPI200 index down 34 points to 6094 points.
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