Xjo

A flat start to the week as global markets remain mixed

Finfeed Archived Jul 20, 2020

The S&P/ASX 200 index closed at 6033 points on Friday, up 1.9% on a week on week basis. However, Friday’s gain was relatively moderate, and is fairly insignificant in terms of providing a lead as to how our markets will perform in the coming week.

Global stocks retreat amid rising coronavirus cases

Finfeed Archived Jul 17, 2020

A gauge of global equity markets slid on Thursday as investors assessed the rising number of COVID-19 cases in many countries and elevated levels of unemployment claims heightened concerns of the economic fallout from the pandemic.

Futures positive as overseas markets rally and metals stay strong

Finfeed Archived Jul 16, 2020

The S&P/ASX 200 index (XJO) increased 112 points on Wednesday with strong gains coming from the materials index as the miners cashed in on high base metals and iron ore prices, as well as the robust gold price.

COVID concerns outweigh strong metals prices - futures down 45 points

Finfeed Archived Jul 14, 2020

The S&P/ASX 200 index (XJO) increased 1% or 59 points to close at 5956 points on Monday with strong performances from the financial sector as well as mining stocks.

Futures up 1.7% as overseas markets rally, but will COVID derail recovery?

Finfeed Archived Jul 13, 2020

As concerns deepened on Friday regarding the spread of coronavirus, the S&P/ASX 200 index (XJO) shed 36 points or 0.6% to close the week at 5919 points.

ASX Futures trending lower following volatility in overseas markets

Finfeed Archived Jul 10, 2020

ASX SPI200 futures are down 24 points to 5896 points, suggesting that negative sentiment will stem from poor performances across overseas markets last night.

ASX Futures down 30 points as overseas and domestic news takes its toll

Finfeed Archived Jul 08, 2020

It was a rollercoaster ride for the S&P/ASX 200 index (XJO) on Tuesday as it started strongly before dipping around midday, rallying mid-afternoon and then falling some 50 points in the last hour of trading.

ASX futures down 35 points amid renewed health and economic fears

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.

Gold price eclipses US$1800 and copper rockets

Finfeed Archived Jul 01, 2020

The S&P/ASX 200 index (XJO) gained 83 points or 1.4% on Tuesday, but the main focus was on the index’s year-on-year performance for fiscal 2020 which was down nearly 11%, not good news for investors locked into index hugging superannuation funds. On the commodities front, it was a big night for gold as it broke through the US$1800 per ounce mark before closing at US$1798 per ounce, up 1% on the previous day.

ASX futures up about 1% after overseas markets rally

Finfeed Archived Jun 30, 2020

In Australia, Victoria reported 75 new cases on Monday. This was the state’s fourth highest daily increase since the start of the pandemic. Investors are now acknowledging that there is no quick fix for the issue and definitely no predictability in terms of measuring the impact on businesses.

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.