Xjo

US markets surge on stimulus comments, ASX futures trending upwards

Finfeed Archived Oct 08, 2020

With the budget putting cash in the hands of consumers and businesses alike, it wasn’t surprising to see the S&P/ASX 200 Consumer Discretionary Index (XDJ) performed strongly, gaining nearly 2%.

ASX Futures up 38 points following strong gains in Europe and the US

Finfeed Archived Sep 29, 2020

Following leads from Europe and the US, the ASX SPI200 index is up 38 points, suggesting we could see a significant bounce.

ASX Futures up 21 points following a strong lead from the US

Finfeed Archived Sep 28, 2020

The financial sector was buoyed by moves to relax the responsible lending laws that have served to constrain all facets of consumer and business lending. With US markets having performed strongly at the end of the week this positive momentum could continue, and the ASX SPI200 futures index is pointing in that direction.

Europe up, US down, gold plunges, AUD tumbles, ASX futures in the red

Finfeed Archived Sep 24, 2020

The ASX SPI200 futures index was down 55 points, reflecting extreme volatility in US markets. The decline in the US market appeared to stem from Fed Reserve commentary regarding the ongoing need for fiscal stimulus as coronavirus continues to undermine the economy.

ASX tipped to open lower following negative sentiment in overseas markets

Finfeed Archived Sep 21, 2020

Given negative sentiment in overseas markets, it is likely that ASX stocks will come under pressure on Monday, and this is supported by the ASX SPI200 index which is down 36 points to 5836 points.

New record highs in the US, gold touches US$2000 per ounce, ASX futures up 23 points

Finfeed Archived Sep 02, 2020

There were once again positive leads out of the US, and this is expected to provide support for the Australian Market with the ASX SPI200 Futures index up 23 points.

S&P 500 chalks up another record, but ASX futures down 34 points

Finfeed Archived Aug 26, 2020

After two consecutive days of gains it would appear that the market is poised for a retracement on Wednesday with the ASX SPI200 index down 34 points to 6094 points.

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.

Global markets retrace, commodities taper, futures down 1%

Finfeed Archived Aug 17, 2020

Supported by a big week from the banks, the S&P/ASX 200 index (XJO) finished 2% higher on a week- on-week basis at 6126 points, helped by a rally of about 0.6% or 35 points on Friday.

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.

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%.

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.

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.

AUD hits 15 month high, ASX Futures up as gold makes new all-time high

Finfeed Archived Jul 28, 2020

The S&P/ASX 200 index (XJO) defied Friday’s negative leads from overseas to post a gain of 20 points on Monday. Australian producers are benefiting from favourable foreign exchange rates, and this support is likely to continue on Tuesday as the gold price soars.