Thank you for subscribing!
Finfeed Archived Jul 07, 2020
After spending the best part of Monday in positive territory, the S&P/ASX 200 index (XJO) plunged 60 points in the last two hours of trading to close at 6015 points. Gold came within a whisker of broaching the US$1800 per ounce mark before closing at US$1794 per ounce.
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.
Finfeed Archived Jun 24, 2020
With positive leads coming from all key overseas markets, one would expect the ASX to continue making ground on Wednesday, but the SPI200 futures index is only up nine points to 5934 points.
Finfeed Archived Jun 17, 2020
Yesterday’s surge of 222 points or 3.9% by the S&P/ASX 200 effectively erased approximately half of the losses incurred during the preceding three day rout.
Get expert stock analysis direct in your inbox
Finfeed Archived Jun 16, 2020
The performance of global equities markets over the last 24 hours has demonstrated the volatility and unpredictability of the current situation which is still being influenced by economic factors and COVID-19 fears.
Finfeed Archived Jun 12, 2020
Financial markets have tumbled overnight amid fears of a second outbreak of the coronavirus and as investors digest the confronting forecast from the Federal Reserve.
Finfeed Archived Jun 10, 2020
With weakness across US, UK and European markets emerging overnight, it is likely that some profit-taking could emerge. The ASX SPI200 futures index is down 86 points, but this comes after strong week on week increases for XJO.
Finfeed Archived Jun 05, 2020
World equity markets pulled in the reins after a strong seven-day run. Shares were pretty overvalued going into this weekend and it appears that the stock market rally, at least for the time being, ran out of steam.
Finfeed Archived Jun 04, 2020
Given the strength in global markets overnight it would appear that we are in for another strong day with the SPI200 Futures index up 73 points this morning to 5999 points.
Join Our Mailing List