Global markets were higher overnight with the US market (S&P 500 +1.2%) climbing to a 9-week high (and now up +38% from its March 23 low) after returning from a long-weekend break as optimism grew around development of a possible coronavirus vaccine and r
The Australian market was up yesterday (ASX 200 Index +2.2%) closing at an 11-week high as local shares extend their rebound with gains experienced across all sectors. US and China tensions were ignored with a greater focus on a recovering local economy,
Global markets were mixed on Friday in a mostly tame finish to a week of strong gains. Tensions remain high amid mounting signs Trump will make his tough-on-China stance a key element of his re-election bid and as US unemployment figures showed another 2.
Stocks hit the lows of the day after China responded to overnight accusations from Trump, warning that it will safeguard its sovereignty, security and interests, and threatened countermeasures. Signs are mounting that President Donald Trump will make his
Gains were generally broad based with tech giants Amazon and Facebook both hitting new all-time highs as investors cheered the company's new e-commerce platform - Facebook Shops, while Amazon continues to benefit from from consumers ordering online.
Global markets were mixed overnight as the US market (S&P 500 -1.1%) slid, ending a three-day rally.
Global markets were higher overnight, as the US market (S&P 500 +3.1%) surged higher to close at a 10-week high on a number of positive developments.
We remain cautious on markets generally, but believe Australia & NZ are better placed to outperform than most major markets.
The big news was the New Zealand government revealing a budget with a $50 billion covid-19 recovery fund to soften, but not prevent, the coming recession.
The RBNZ left the OCR unchanged at 0.25% and said they will likely remain at that level until early 2021. Further stimulus is not being ruled out including lowering the OCR further and potentially into negative territory.
