Pfizer Vaccine Sees Stocks at All-Time Highs | Z Energy Update
Global markets surged overnight (S&P 500 Index +2.3%) after Pfizer revealed its COVID-19 vaccine has been 90% effective against the dominant virus strains circulating currently.
Week Ahead, Worst Month Since March | CSL Update
The backdrop of a second wave of COVID-19 and fresh lockdowns in Europe and now the UK, mixed earnings from big technology companies and this week's Presidential election has investors on the side-lines.
Week Ahead, COVID Concerns | Coca-Cola Amatil Takeover
While large, we would put the overnight moves in context - markets are generally still in positive territory for the month and it is very early to panic. There is likely to be continued volatility as we head into the US election in a weeks time.
Week Ahead, Earnings Season | Argosy Property
It is set to be a busy week ahead with the focus on quarterly reporting season in the US and a number of AGM’s in Australia/NZ.
Week Ahead, Tech Rallies | Westpac Jumps
Banking stocks jumped on Friday after the Australian Federal Government announced it would loosen responsible lending laws as part of its economic recovery plan. Among the big four banks, Westpac was the strongest on Friday surging +7%.
Week Ahead, Tesla | A2 Milk Update
In terms of the week ahead, investors will be looking for guidance from the world’s Central Bankers as they meet (virtually) at the Jackson Hole symposium. The topic this year is “Navigating the Decade Ahead: Implications for Monetary Policy”.
Earnings Results in Focus | Telstra Update, Plexure
Closer to home, NZ lockdown extension measures were announced that were largely "as expected", and the NZX has opened higher this morning. With the ASX market reaction to Melbourne a good case study, our view is that the NZX is currently pricing in a shor
Technology Stocks Retrace | Z Energy Update
Technology stocks led market declines after an unexpected rise in jobless claims , with tech partially reversing recent gains even as Microsoft and Tesla released solid quarterly earnings figures.
Jobs Numbers Surprise | Kathmandu Jumps
Global markets were higher overnight with the Nasdaq technology index hitting an all-time high as the run of positive economic data continues, offsetting concerns of a second wave of covid-19.
Australasian Outperformance | Ryman
While global markets snapped back sharply last week on profit-taking, NZ and Australasian markets did not sell-off as hard. We continue to believe Australasia provides a relative safe-haven, primarily given how well both countries have controlled covid-19