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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.
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.
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.
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.
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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.
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.
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.
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 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.
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