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.
A retreat on Wall Street to pressure Australian stocks on Friday
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.
US stocks close higher as investor hopes offset trade, pandemic concerns
Finfeed Archived May 15, 2020
ASX futures traded 45 points higher after Wall Street rebounded overnight, as investors weighed the prospect of economic recovery. The upward movement was made following remarks from US President Donald Trump over the US-China trade relationship.
ASX to come under pressure as overseas stock markets lose momentum
Finfeed Archived May 07, 2020
The ASX faces headwinds on Thursday after it finished down 22 points, There was a late sell-off in the US with the Dow trading in very similar fashion to the previous day, this doesn't bode well for the Australian Stock Market which could come under pressure.
Will late session sell-off in US markets end the ASX’s rebound?
Finfeed Archived May 06, 2020
Welcome relief after Friday’s rout, the ASX has strung together two very positive days with the S&P/ASX 200 gaining 87 points on Tuesday. Energy stocks were strong — Origin and Santos each gained more than 5%.