There was a fresh twist in China-U.S. tensions, which saw stocks fall across Asia as Huawei chief financial officer Wanzhou Meng - the daughter of founder Ren Zhengfei - was arrested in Canada and faces extradition to the US on suspected sanction violatio
Global markets were higher on Friday as the S&P 500 and the Nasdaq US indices posted their biggest weekly percentage gains in nearly seven years.
The market is likely to be volatile in the week ahead as uncertainty remains around a number of global issues, including the United Kingdom's Brexit deal.
Global markets rallied overnight with US stock indices surging +2% as investors piled into technology and healthcare sectors after midterm elections led to a divided Congress, as expected, but allowed markets to move past a large uncertainty.
October was the worst month for stocks in years, as investors dumped growth stocks in a broad move lower. Once again, there does not seem to be a single catalyst for the sell-off, but a number of concerns worrying investors
Global markets recovered overnight, as shares on Wall Street rebounded by about 2%, with Tech stocks leading the charge as Microsoft and Tesla reported strong earnings figures.
High growth Tech stocks such as Amazon and Netflix were hit the hardest, as rising Treasury yields and trade-related worries sapped investor risk appetite.
Global markets sold off on Friday, as the US unemployment rate fell to near a 49-year low of 3.7%, pointing to a further tightening in labour market conditions. The data saw another rise in US Treasury yields, with the 10-year at its highest levels since
The NZ market added to gains in September, with the NZX 50 market index adding +0.4% for the month and trading at all-time highs. In contrast, the Australian market retraced from 10-year highs, with the ASX 200 market index losing -1.77% in September.
We believe China has the most to lose from an all-out trade war, and to date the Chinese market has been hit hard. Many markets are at all-time highs such as the US and NZ markets, with the Australian market at a decade high, while the Chinese market is
