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Finfeed Archived Jul 22, 2020
The S&P/ASX 200 surged 2.6% on Tuesday as the market responded positively to the government’s decision to extend support payments through to March 2021.
Finfeed Archived Jul 20, 2020
The S&P/ASX 200 index closed at 6033 points on Friday, up 1.9% on a week on week basis. However, Friday’s gain was relatively moderate, and is fairly insignificant in terms of providing a lead as to how our markets will perform in the coming week.
Finfeed Archived Jul 17, 2020
A gauge of global equity markets slid on Thursday as investors assessed the rising number of COVID-19 cases in many countries and elevated levels of unemployment claims heightened concerns of the economic fallout from the pandemic.
Finfeed Archived Jul 16, 2020
The S&P/ASX 200 index (XJO) increased 112 points on Wednesday with strong gains coming from the materials index as the miners cashed in on high base metals and iron ore prices, as well as the robust gold price.
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Finfeed Archived Jul 15, 2020
ASX futures have lifted ahead of trade as global equity markets rebounded late on Tuesday, buoyed by a surge in cyclical stocks on Wall Street.
Finfeed Archived Jul 14, 2020
The S&P/ASX 200 index (XJO) increased 1% or 59 points to close at 5956 points on Monday with strong performances from the financial sector as well as mining stocks.
Finfeed Archived Jul 13, 2020
As concerns deepened on Friday regarding the spread of coronavirus, the S&P/ASX 200 index (XJO) shed 36 points or 0.6% to close the week at 5919 points.
Finfeed Archived Jul 10, 2020
ASX SPI200 futures are down 24 points to 5896 points, suggesting that negative sentiment will stem from poor performances across overseas markets last night.
Finfeed Archived Jul 08, 2020
It was a rollercoaster ride for the S&P/ASX 200 index (XJO) on Tuesday as it started strongly before dipping around midday, rallying mid-afternoon and then falling some 50 points in the last hour of trading.
Finfeed Archived Jul 07, 2020
After spending the best part of Monday in positive territory, the S&P/ASX 200 index (XJO) plunged 60 points in the last two hours of trading to close at 6015 points. Gold came within a whisker of broaching the US$1800 per ounce mark before closing at US$1794 per ounce.
Finfeed Archived Jul 06, 2020
Looking at possible global drivers, US markets didn’t trade on Friday due to Independence Day, suggesting that our markets will mainly be influenced by the manner in which UK and European markets ended last week. That being the case, we could be in for a poor start to the week, and the ASX SPI200 index is certainly pointing in that direction, down 35 points to 5999 points this morning.
Finfeed Archived Jun 24, 2020
With positive leads coming from all key overseas markets, one would expect the ASX to continue making ground on Wednesday, but the SPI200 futures index is only up nine points to 5934 points.
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 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.
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.
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.
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.
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.
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