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Finfeed Archived Sep 17, 2020
Oil prices soared overnight on the back of an unexpected drawdown in US crude inventories, as well as news that US offshore production would be constrained due to the shutting down of offshore wells that lie in the path of Hurricane Sally.
Finfeed Archived Sep 16, 2020
Things are heating up on the geopolitical front with the World Trade Organisation (WTO) weighing in on the feud between the US and China.
Finfeed Archived Sep 15, 2020
Led by Apple, tech stocks gained overnight; plus positive news on the vaccine front.
Finfeed Archived Sep 14, 2020
Fiscal statements by the Fed in the US and the Bank of England in the UK could have a significant impact on the market.
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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 08, 2020
Laybuy Group Holdings (ASX: LBY) which finished at $2.05, representing a 45% premium to its IPO price of $1.41.
Finfeed Archived Sep 04, 2020
The faster a stock or market is moving, the more interest it generates from investors who jump in attempting to cash in for fear of missing out.
Finfeed Archived Aug 31, 2020
To put things in perspective, the Dow Jones last traded around this level of February 21, a day on which the US recorded one new COVID-19 case.
Finfeed Archived Aug 25, 2020
With strong leads from overseas markets spurred on by good news on the coronavirus vaccine front and some strength in the oil price, it should be another positive day and the ASX SPI200.
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.
Finfeed Archived Aug 18, 2020
Once again the NASDAQ that was the standout performer, gaining 110 points or 1%. Tesla Inc continued to shine, breaking through US$1800 per share for the first time, and its shares have now increased more than four-fold in five months.
Finfeed Archived Aug 17, 2020
Supported by a big week from the banks, the S&P/ASX 200 index (XJO) finished 2% higher on a week- on-week basis at 6126 points, helped by a rally of about 0.6% or 35 points on Friday.
Finfeed Archived Aug 14, 2020
President Trump suggested Tencent’s (HKG: 700) WeChat app poses a threat to US national security, and banned American companies from doing business with it.
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.
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%.
Finfeed Archived Jul 24, 2020
Australian stocks look poised to open lower with futures contracts trading 59 points lower this morning. Gold rose on Thursday while global equities retreated as U.S. stocks were dragged down by a sharp drop in Apple amid a potential probe.
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