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.

Global Markets