Property markets across Australia & NZ are showing signs of stabilisation, with factors such as lower interest rates, more relaxed regulations by APRA, and a surprise Australian election outcome contributing to positivity.
The Australian market (ASX 200) ended the month losing -3%, while the NZ market (NZX 50) finished August down -1%.
Global markets bounced overnight led by the trade-sensitive technology and industrial sectors, as China sounded hopeful on trade negotiations with the United States, easing concerns.
In the UK, Boris Johnson said he will ask the Queen to suspend parliament from mid-September to mid-October in a move to prevent rivals from blocking a no-deal Brexit.
Global markets were mixed overnight, as Wall Street moved between gains & losses but ended the session lower.
Global markets partially recovered overnight as major US market indexes bounced following a sharp sell-off in the prior session.
Global Markets tumbled on Friday after the US-China trade war escalated in dramatic fashion.
Global markets were mixed overnight with shares on Wall Street more or less flat as a slide in technology companies offset a rally in bank shares.
It was a massive day in terms of stocks reporting under our research coverage. Announcements were made by companies including Spark, Fletcher Building, A2 Milk, Wisetech, and Select Harvests.
Closer to home, Tuesday saw the IPO listing of Napier Port, with demand for the stock seeing it close the day up +13.5% to $2.95 a share.
