Global Markets

S&P 500 and NASDAQ hit new highs amid irrational exuberance

Finfeed Archived Aug 25, 2020

With strong leads from overseas markets spurred on by good news on the coronavirus vaccine front and some strength in the oil price, it should be another positive day and the ASX SPI200.

European markets down, whilst US and Asian stock markets rally

Finfeed Archived Aug 24, 2020

Mixed leads from overseas with European markets down and US markets rallying, which could see a fairly uncertain start to the week.

ASX futures up 10 points as technology shares propel NASDAQ higher

Finfeed Archived Aug 21, 2020

The Nasdaq ended Thursday at a record high, with the S&P 500 and Dow Jones also rising, as gains in heavyweight tech stocks outweighed weak data that affirmed the Federal Reserve’s view of a challenging road to economic recovery.

Apple hits US$2 trillion market cap, gold price plummets, ASX futures down 15 points

Finfeed Archived Aug 20, 2020

The ASX SPI200 futures index is down 15 points, suggesting that the Australian stock market will take its lead from the US. However it was not all bad news, especially if you invest in Apple, as it became the first publicly listed US company to surpass the US$2 trillion market capitalisation level.

S&P 500 and NASDAQ hit record highs, metals rally, futures down 7 points

Finfeed Archived Aug 19, 2020

Positive earnings results and news of an imminent US stimulus package should spur the markets forward. However, it may be a little too early to factor in potential upside given that the legislations has not yet been passed.

Mixed overseas markets, but little has changed with ASX futures

Finfeed Archived Aug 14, 2020

Overseas markets were mixed overnight, as investors assessed the prospect of additional stimulus in the US and subdued economic data in light of the record-breaking rally.

Gold price continues slide, S&P 500 just shy of record high, futures up 42 points

Finfeed Archived Aug 13, 2020

A steep fall in the gold price resulted in substantial downward pressure on the S&P/ASX 200 index (XJO), but a late surge of around 30 points saw it finish just seven points shy from the pervious day.

Gold plunges, US markets erratic, but futures slightly in the black

Finfeed Archived Aug 12, 2020

While overseas equities markets were generally buoyant there was weakness in a number of commodities, most notably gold which plunged more than 5% to hit a low of US$1911 per ounce. This is likely to result in major gold stocks placing a drag on the broader index, nullifying the prospects of another positive day.

Dow notches up seventh day of gains, but futures point to a flat day

Finfeed Archived Aug 11, 2020

With most markets gaining ground overnight, one would expect another positive day, but the ASX SPI200 Futures Index is only up two points to 6072 points.

Technology shares lead US stocks higher as Nasdaq closes above 11,000

Finfeed Archived Aug 07, 2020

Wall Street shrugged off a sluggish start to close higher as the Nasdaq soared above 11,000 points as investors remain bullish on stocks and hope for a new fiscal stimulus package.

NASDAQ closes at record high, COVID concerns fail to dampen futures

Finfeed Archived Aug 06, 2020

The S&P ASX 200 index fell 36 points on Wednesday as concerns loomed regarding possible inaction with regards to fiscal support measures in the US. While Congress appears no closer to releasing formal terms regarding stimulus packages, it didn’t affect US markets as the Dow gained 1.4%.

Strong manufacturing data out of China triggers spike in ASX futures

Finfeed Archived Aug 04, 2020

Strong leads from overseas last night, combined with particularly healthy manufacturing data coming out of China should see our market regain positive momentum today.

ASX futures flat, gold makes another record high, overseas markets mixed

Finfeed Archived Aug 03, 2020

After a horror day on Friday, there are no clear indicators that point to a market recovery on Monday. On the domestic front, coronavirus is tightening its grip on Victoria with the declaration of a state of disaster and stage 4 restrictions in Melbourne having a marked detrimental impact on businesses while overseas markets were mixed, suggesting little support from international dynamics.

World stocks decline amid sour economic data, ASX futures down 28 points

Finfeed Archived Jul 31, 2020

US stocks traded mostly lower overnight while oil prices fell as government data highlighted the deep economic impacts of the pandemic.

Fed provides positive momentum in US, ASX futures up nearly 1%

Finfeed Archived Jul 30, 2020

The ASX lacked direction yesterday with negative COVID related news driving the market but direction should be restored with positive news coming from the Federal Reserve FOMC meeting highlighting an intention to address the economic fallout from the coronavirus.

Depressed consumer confidence evident in US, ASX futures trending lower

Finfeed Archived Jul 29, 2020

It was mining stocks, in particular those exposed to gold, that did the heavy lifting on Tuesday to push the S&P/ASX 200 index (XJO) above 6100 points, but it was all downhill in the afternoon with the index closing at its low for the day of 6021 points.

Overseas markets down with futures suggesting a reality check is imminent

Finfeed Archived Jul 27, 2020

Geopolitical tensions between the US and China were central to the decline in global markets on Friday, and given recent posturing towards China by the Australian government the issues could well have a significant impact on our markets domestically.

US stocks higher as gold and silver prices rise

Finfeed Archived Jul 23, 2020

US stocks traded in the black overnight after a somewhat choppy session despite over 1,000 COVID-19 deaths per day and mixed earnings results. Gold prices staged another rally overnight adding about 1.4% to close at U$1,869.3 per ounce.

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