Global Markets

SPI futures down 78 points on back of negative US leads and COVID fears

Finfeed Archived Jun 22, 2020

The S&P/ASX 200 index (XJO) finished the week at 5942 points, up from the previous Friday’s close of 5848 points, representing a week on week gain of 94 points, just over 1.6%.

Futures suggest ASX will struggle as employment data is disseminated

Finfeed Archived Jun 18, 2020

The S&P/ASX 200 (XJO) gained 0.8% on Wednesday, building on the significant market spike on Tuesday, and perhaps laying the foundation for a strong week-on-week gain.

Futures up 0.5% on back of strong overseas leads

Finfeed Archived Jun 17, 2020

Yesterday’s surge of 222 points or 3.9% by the S&P/ASX 200 effectively erased approximately half of the losses incurred during the preceding three day rout.

ASX futures suggest a recovery after three days of losses

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.

ASX futures point to a recovery, but reality bites in the US

Finfeed Archived Jun 15, 2020

After plummeting more than 1800 points on Thursday and dragging global indices with it, the Dow recovered on Friday, increasing 477 points or 1.9% to close at 25,605 points.

Dow Jones crashes 7% as panic creeps back into stock markets, ASX to drop

Finfeed Archived Jun 12, 2020

Financial markets have tumbled overnight amid fears of a second outbreak of the coronavirus and as investors digest the confronting forecast from the Federal Reserve.

Global shares ease amid Fed statement, ASX futures down 1%

Finfeed Archived Jun 11, 2020

A gauge of global stocks fell on Wednesday after the US Federal Reserve projected a sluggish recovery, while the Nasdaq hit a fresh all-time high.

ASX futures points to 1.4% pullback after a week of strong gains

Finfeed Archived Jun 10, 2020

With weakness across US, UK and European markets emerging overnight, it is likely that some profit-taking could emerge. The ASX SPI200 futures index is down 86 points, but this comes after strong week on week increases for XJO.

ASX futures point to a strong start to the week

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.

A retreat on Wall Street to pressure Australian stocks on Friday

Finfeed Archived Jun 05, 2020

World equity markets pulled in the reins after a strong seven-day run. Shares were pretty overvalued going into this weekend and it appears that the stock market rally, at least for the time being, ran out of steam.

ASX 200 poised to crack 6,000 points - ASX Futures up 73 points

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.

ASX to open higher as markets remain unperturbed by US volatility

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.

Trump caught staring into space as Xi Jinping moves on Hong Kong

Finfeed Archived Jun 01, 2020

The ASX SPI200 Futures Index points to a negative start to the week, as the rioting, violence and looting fuelled by long-running racial tensions persist in the 30 largest US cities.

ASX expected to reboot after faltering on Wednesday

Finfeed Archived May 28, 2020

Strong support for the big banks was largely instrumental in lifting the S&P/ASX 200 index (XJO) from about 5720 points in the first hour of trading to a mid-session high of more than 5830 points.

ASX to come under pressure despite strong overseas trends

Finfeed Archived May 27, 2020

The S&P/ASX 200 index (XJO) surged nearly 3% on Tuesday finishing at a high of 5780 points. Financials were strong again and there is evidence that consumer discretionary stocks should emerge from the COVID crisis much better than expected.

German shares lead Europe higher, US market closed, ASX futures up

Finfeed Archived May 26, 2020

Very bullish sentiment regarding an imminent recovery in the Australian economy, combined with anticipated signs of better things to come in the US, underpinned a 2.2% increase in the S&P/ASX 200.

ASX tipped to open the week on a positive note

Finfeed Archived May 18, 2020

After a rollercoaster week, a 76 point gain was enough to drag the S&P/ASX 200 (XJO) back into the black. Overseas markets were generally less volatile on Friday, albeit not making the substantial gains. However, it could be argued that market stability is a better sign than the extreme highs and lows that have set the tone in recent months.

Global lockdowns ease, but is a credit crisis looming? And Bitcoin’s halving is just around the corner

Finfeed Archived May 08, 2020

Bitcoin was one of the best performing assets of 2019, so with the third halving just around the corner investors are confident its price will continue to rise.rise.

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