Key News Overnight: US stocks fell sharply amid fears of a fresh lockdown. London stocks had their worst session in two weeks. Oil prices fell over 5% after US crude storage hit another record. The ASX posted marginal gains on Wednesday as investors balanced signs of a recovering global economy with trepidation over a risingRead more
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Key News Overnight: Wall Street gained ground with the biggest boost from technology stocks but sentiment remained fragile. Australian shares endured another day of volatility on Monday after the local sharemarket recorded sharp swings. Scott Morrison agreed that Victoria reintroducing tough restriction was a “wake-up call” but were anticipated. European exchanges were mostly lower. TheRead more
Key News Overnight: Wall Street gained ground with the biggest boost from technology stocks but sentiment remained fragile. Australian shares endured another day of volatility on Monday after the local sharemarket recorded sharp swings. Scott Morrison agreed that Victoria reintroducing tough restriction was a “wake-up call” but were anticipated. European exchanges were mostly lower. TheRead more
Key News Overnight: The S&P 500 dropped 0.6% on Friday, a relatively small move to cap its fourth weekly gain in the past five. The Australian sharemarket regained its winning form during the past week, rallying for the seventh week in eight. The World Health Organisation on Sunday reported the largest single-day increase in coronavirusRead more
Key News Overnight: U.S. stocks were essentially unchanged on the day, erasing afternoon losses. UK shares fell after the Bank of England slowed the pace of its huge bond-buying programme. Australia’s jobless rate hit 7.1% in May, worse than the 6.9% level economists were expecting. Shares were mostly lower in Asia with the Nikkei 225Read more
Key News Overnight: The Dow Jones Industrial Average closed down 0.65% while the Nasdaq composite was up 0.15%. The FTSE rose for a second straight day on Wednesday as a series of upbeat corporate earnings bolstered hopes of an economic recovery. In This Issue: GR Engineering (GNG) | Deflector Contract LOI | BUY | AnalystRead more
Key News Overnight: The Dow Jones and S&P 500 were up 2.0% and 1.9% respectively overnight. UK shares posted their best session in a month, British blue-chips rising 2.9%. Japan’s benchmark Nikkei 225 surged 4.9%, the Kospi gained 5.3% and the Hang Seng added 2.6%. The Australian sharemarket recorded its biggest one-day rise in twoRead more
Key News Overnight: The S&P 500 rose 0.8%, erasing a loss of as much as 2.5% while the Dow added more than 150 points. The Federal Reserve spurred the market turnaround with the announcement that it’ll begin buying individual corporate bonds. The FTSE fell but ended well off session lows. Australian shares fell again onRead more
Key News Overnight: Beijing shuttered its largest fruit and vegetable supply centre and locked down nearby housing districts as dozens of people tested positive for Covid-19. US stocks rebound into the weekend with the Dow advancing 477 points. European shares closed slightly up on Friday, however they marked their worst week since the peak ofRead more
Key News Overnight: US stocks tumbled in a broad sell-off with some market watchers pointing to rising virus cases. The Dow was 6.9% lower; the S&P 500 was down 5.9% and the Nasdaq fell 5.3%. European shares suffered their worst day in more than 11 weeks and Asia indices were also down. Industrial metals fellRead more