by Warren Head | Aug 10, 2022 | Currency, Economy, Global Share Markets, Money Market
10.8.22. It has been another quiet trading session with little newsflow, and market nerves ahead of tonight’s key US CPI report, notes BNZ Markets. US equities are lower and the US Treasuries curve shows further inversion against a backdrop of modestly higher rates....
by Warren Head | Aug 9, 2022 | Global Share Markets
US sharemarkets were choppy on Monday, noted CommSec. “Investors digested news that the US$430 billion Inflation Reduction Act had passed the Senate. “Automakers rose 3-4% in response to the news with shares in Ford up 3.1% and General Motors up 4.2%. The Information...
by Warren Head | Jul 25, 2022 | Global Share Markets, Latest News
25.7.22 Australian Foundation Investment Corporation reported preliminary annual results today and said Long term performance remains sound despite recent dislocation in markets. AIIC has maintained final dividend at 14 cents per share fully franked bringing total...
by Warren Head | Jul 25, 2022 | Global Share Markets
25.7.22 “US equities headed lower after the release of US PMI data, with the S&P500 ending down almost 1% and the NASDAQ down almost 2% on Saturday. “Adding to the negative sentiment towards tech stocks, Twitter and Snap reported disappointing earnings results,...
by Warren Head | Jul 21, 2022 | Currency, Global Share Markets, Money Market
21.7.22 Italian politics have come back into the limelight overnight, with Draghi’s government on the verge of collapse after the major coalition parties withdrew their support. Italian bonds have sold off and the EUR has come under pressure but there haven’t been any...
by Warren Head | Jul 20, 2022 | Currency, Economy, Global Share Markets, Money Market
20.7.22 Risk appetite is stronger overnight, with large gains in both European and US equity markets (S&P500 +2.5%), according to BNZ Markets. The EUR is almost 1% higher while European rates have increased after reports the ECB will consider a 50bps hike at this...
