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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 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 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.
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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.
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 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 11, 2020
With most markets gaining ground overnight, one would expect another positive day, but the ASX SPI200 Futures Index is only up two points to 6072 points.
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.
Finfeed Archived Jul 31, 2020
US stocks traded mostly lower overnight while oil prices fell as government data highlighted the deep economic impacts of the pandemic.
Finfeed Archived Jul 30, 2020
The ASX lacked direction yesterday with negative COVID related news driving the market but direction should be restored with positive news coming from the Federal Reserve FOMC meeting highlighting an intention to address the economic fallout from the coronavirus.
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.
Finfeed Archived Jul 28, 2020
The S&P/ASX 200 index (XJO) defied Friday’s negative leads from overseas to post a gain of 20 points on Monday. Australian producers are benefiting from favourable foreign exchange rates, and this support is likely to continue on Tuesday as the gold price soars.
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 Jul 23, 2020
US stocks traded in the black overnight after a somewhat choppy session despite over 1,000 COVID-19 deaths per day and mixed earnings results. Gold prices staged another rally overnight adding about 1.4% to close at U$1,869.3 per ounce.
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