Market Wrap 20/04/2018

Market Wrap 20/04/2018

By: Alan Liang Equities: The S&P/ASX 200 index recorded its third consecutive weekly gain and finished at 5,868.8, up 39.7 points for the week. The mining sector was the best performer, supported by elevated commodity prices and multi-year highs for aluminium and nickel. South32 and Western Areas both enjoyed a strong week of gains (12.9%…

M&A and Deals 18/04/2018

M&A and Deals 18/04/2018

By: Mazen Elsabrouty Santa Comes Early for Santos Santos, the second largest Australian owned oil and gas firm, has recently received a “knock-out” takeover offer of $13.5 billion by US Private Equity firm, Harbour Energy. It is a case of third time lucky for Harbour Energy, having seen its previous two bids rejected by the…

Before The Bell 15/04/2018

Before The Bell 15/04/2018

By: Anas-ur-Rasheed Khan Equities: In the US, after yet another volatile week, investors are struggling to cope with investing in an environment where market dynamics continue to be shaped by geo-politics. Last week saw the markets writing-off trade war rhetoric and rallying to recover losses; progress was impeded by the announcement of coalition air strikes…

Market Wrap 13/04/2018

Market Wrap 13/04/2018

By: Michael Lee Equities: The ASX 200 finished 1% higher for the week at 5820 points. Throughout the week, news emerged that China had prepared a comprehensive plan to hit back and could potentially retaliate in the forms of devaluation of the Yuan. However, at the Boao Forum for Asia, President Xi remarks that “The…

Before The Bell 25/03/2018

Before The Bell 25/03/2018

By: Alan Liang Equities: Last week, China signaled its readiness to go toe-to-toe with President Donald Trump’s campaign of tariffs by planning its own retaliatory measures on about $3bn in US imports. However, China has made it clear that these measures are in retaliation for US steel and aluminium tariffs announced earlier this month and…

Market Wrap 23/03/2018

Market Wrap 23/03/2018

By: Thomas Barry Equities: While the US Federal Reserve announced an interest rate this week, news in equity markets was dominated by Facebook’s scandal and global trade tariffs. Facebook has been rocked (down 13% for the week) as news emerged that Cambridge Analytica, a data analytics firm, improperly obtained information on over 50 million Facebook…

Before The Bell 18/03/2018

Before The Bell 18/03/2018

By: Michael Lee Equities: The RBA will publish its minutes this Tuesday regarding the current economic outlook, giving investors potential hints to the possibility of future interest hikes. After holding record low interest rates at 1.5% for 19 months, it would be interesting to see RBA’s stand on its monetary policy. The continued low rate…

Market Wrap 16/03/2018

Market Wrap 16/03/2018

By: Jason Shao Equities: Australian markets started off well in the week, responding to the potential tariffs that would be imposed by Donald Trump. Over the weekend, it was announced that steel tariffs would not be imposed on Australia over Donald Trump’s tweet. Monday morning saw the ASX 200 increase 0.9% on open, however, over…

Before The Bell 11/03/2018

Before The Bell 11/03/2018

By: Thomas Barry Equities: US markets were buoyant on Friday after jobs and wage data came out as lighter than expected. This suggested the US Federal Reserve may be less bullish in its interest rate hikes – a good thing for equity markets which dipped heavily earlier in February on fears of rising bond yields….

Market Wrap 09/03/2018

Market Wrap 09/03/2018

By: Anas-ur-Rasheed Khan Equities: After last week’s market fiasco, which sent the S&P500 and the DOW plunging around 1%, stocks showed a somewhat muted resilience in the face of the recent tariff imposition proposed by the Trump administration. Throughout the week, news from the white house sent mixed signals, moving markets up and down. A…