Key News Overnight: The record-setting U.S. stock rally shows little sign of slowing down. All three benchmarks surged to new highs, fuelled by signs consumer demand remains strong. Treasuries fell, with 10-year yields up three basis points. The Senate passed Donald Trump’s U.S.-Mexico-Canada trade agreement, handing him a major political win just as his impeachmentRead more
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Key News Overnight: US stocks ended higher on Wednesday with the Dow posting a record close after the United States and China signed a Phase 1 trade agreement and pledged to resolve a tariff dispute that has impacted financial markets for over a year. Traders were also busy assessing corporate results overnight on Wall Street.Read more
Key News Overnight: The U.S. tariffs on China are staying put. The Trump administration is unlikely to remove the levies until after November’s presidential election and any move to do so is contingent on Beijing’s compliance with the phase one trade agreement. The U.S., EU and Japan agreed to seek stronger WTO rules against subsidies,Read more
Key News Overnight: The U.S. will no longer call China a currency manipulator. President Trump’s administration plans to lift the designation, first made in August, ahead of the signing of the Phase One trade agreement on Wednesday in Washington. Tech shares led US benchmarks higher, ahead of earnings season and the trade deal signing. TheRead more
Key News Overnight: Anti-government protesters rallied in Iran for a second night after its admission that it accidentally shot down a Ukrainian jetliner following days of denying it had anything to do with the incident that killed 176 people. The plane was flying near a sensitive Islamic Revolutionary Guard military site, and human error wasRead more
Key News Overnight: US stocks challenge records: The diminished risk of conflict in the Middle East has provided catalyst for US stocks to trade at fresh record highs. The benchmark S&P500 climbed by over half per cent overnight, led by strong buying of tech and financial sector stocks. Boeing shares also supported the rally, jumpingRead more
Key News Overnight: U.S. and Iran tensions remain a big issue: This conflict remains a focus for the financial markets. Global markets were sent into a tizz upon the release of news that Iran, in retaliation to the assassination of one of its top General’s, Qassem Soleimani, had attacked two U.S. military bases in Iraq.Read more
Key News Overnight: The war of words between the US and Iran has captured the greatest attention in the past 24 hours, as market participants attempt to decipher what material impact escalating tensions in the Middle East will have on global markets. Stock indices have vacillated to begin the week, Safe have currencies outperformed growthRead more
Key News Overnight: Tensions in the Middle East was the major macroeconomic story yesterday. Nerves were rattled on Friday after the US announced that it had killed top Iranian General Qasem Soleimani, and sparked concerns of an outright conflict in the Middle East. Asian and European stock markets generally underperformed yesterday because of the news.Read more
Key News Overnight: US share markets fell from record highs in response to tensions between the US and Iran. The Dow Jones index fell by 234 points or 0.8%. The S&P500 index lost 0.7%. And the Nasdaq index fell by 71 points or 0.8%. Tensions following the U.S. killing of top Iranian general Qassem SoleimaniRead more