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.

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