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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 Aug 20, 2020
The ASX SPI200 futures index is down 15 points, suggesting that the Australian stock market will take its lead from the US. However it was not all bad news, especially if you invest in Apple, as it became the first publicly listed US company to surpass the US$2 trillion market capitalisation level.
Finfeed Archived Aug 19, 2020
Positive earnings results and news of an imminent US stimulus package should spur the markets forward. However, it may be a little too early to factor in potential upside given that the legislations has not yet been passed.
Finfeed Archived Jul 29, 2020
It was mining stocks, in particular those exposed to gold, that did the heavy lifting on Tuesday to push the S&P/ASX 200 index (XJO) above 6100 points, but it was all downhill in the afternoon with the index closing at its low for the day of 6021 points.
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Finfeed Archived Jul 27, 2020
Geopolitical tensions between the US and China were central to the decline in global markets on Friday, and given recent posturing towards China by the Australian government the issues could well have a significant impact on our markets domestically.
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 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%.
Finfeed Archived Jun 19, 2020
After a week that has featured some extreme increases and declines in the S&P/ASX 200 index (XJO), the ASX SPI200 index is indicating we are in for a relatively flat day, down 5 points to 5922 points.
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.
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.
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.
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.
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.
Finfeed Archived May 25, 2020
While the S&P ASX 200 shed 1% to close at 5497 points on Friday, this still represented a promising week-on-week performance with the XJO up 1.7%.
Finfeed Archived May 15, 2020
ASX futures traded 45 points higher after Wall Street rebounded overnight, as investors weighed the prospect of economic recovery. The upward movement was made following remarks from US President Donald Trump over the US-China trade relationship.
Finfeed Archived May 14, 2020
While the ASX dug itself out of a hole yesterday, it is unlikely that investors will brush off the news that US markets plunged more than 500 points overnight.
Finfeed Archived May 12, 2020
The S&P/ASX 200 finished up 1.3% to close at 5461 points on Monday. With mixed to negative leads coming from overseas last night some profit-taking would surprise.
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