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Finfeed Archived Oct 08, 2020
With the budget putting cash in the hands of consumers and businesses alike, it wasn’t surprising to see the S&P/ASX 200 Consumer Discretionary Index (XDJ) performed strongly, gaining nearly 2%.
Finfeed Archived Sep 29, 2020
Following leads from Europe and the US, the ASX SPI200 index is up 38 points, suggesting we could see a significant bounce.
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.
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Finfeed Archived Sep 21, 2020
Given negative sentiment in overseas markets, it is likely that ASX stocks will come under pressure on Monday, and this is supported by the ASX SPI200 index which is down 36 points to 5836 points.
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 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 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 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
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 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 Aug 03, 2020
After a horror day on Friday, there are no clear indicators that point to a market recovery on Monday. On the domestic front, coronavirus is tightening its grip on Victoria with the declaration of a state of disaster and stage 4 restrictions in Melbourne having a marked detrimental impact on businesses while overseas markets were mixed, suggesting little support from international dynamics.
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 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 21, 2020
Global markets were generally buoyant overnight and the ASX futures suggest we are in for a positive day, offsetting yesterday’s fall.
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