ASX FUTURES

ASX futures down 35 points amid renewed health and economic fears

Finfeed Archived Jul 06, 2020

Looking at possible global drivers, US markets didn’t trade on Friday due to Independence Day, suggesting that our markets will mainly be influenced by the manner in which UK and European markets ended last week. That being the case, we could be in for a poor start to the week, and the ASX SPI200 index is certainly pointing in that direction, down 35 points to 5999 points this morning.

Futures markets point to another strong day on the ASX

Finfeed Archived Jul 02, 2020

The ASX SPI200 futures index is up 42 points to 5945 points, suggesting this positive momentum will be sustained on Thursday.

Gold price eclipses US$1800 and copper rockets

Finfeed Archived Jul 01, 2020

The S&P/ASX 200 index (XJO) gained 83 points or 1.4% on Tuesday, but the main focus was on the index’s year-on-year performance for fiscal 2020 which was down nearly 11%, not good news for investors locked into index hugging superannuation funds. On the commodities front, it was a big night for gold as it broke through the US$1800 per ounce mark before closing at US$1798 per ounce, up 1% on the previous day.

ASX futures up about 1% after overseas markets rally

Finfeed Archived Jun 30, 2020

In Australia, Victoria reported 75 new cases on Monday. This was the state’s fourth highest daily increase since the start of the pandemic. Investors are now acknowledging that there is no quick fix for the issue and definitely no predictability in terms of measuring the impact on businesses.

ASX off to a tough start with futures down 91 points on COVID concerns

Finfeed Archived Jun 29, 2020

The ASX looks set to start the week with plenty of challenges given Friday’s rout on Wall Street combined with increasing coronavirus cases in the US and Australia. The S&P/ASX 200 index (XJO) finished at 5904 points on Friday, up 1.5% on the day, but down about 0.7% on a week on week basis.