By: Michael Lee Equities: After a tumultuous week in the global equity market, with the Dow plunging the most on daily changes since February, the VIX index, is sitting at over 20 points, the highest since April. The release of Core Retail Sales (MoM) on Monday will provide further indication on the strength of the…
By Mazen Elsabrouty. It has been a tough week for Australian equities, particularly the banks. After the release of the Royal Commission reports last week, the big 4 banks saw share price declines of nearly 2%. With Australian housing finance data for August set to be released on Friday, the outlook is bleak for the banks.
By Jason Shao. The ASX 200 finished slightly lower during the week, closing down 0.3 per cent. After a brief recovery last week from the banks when the Banking Royal Commission released their interim report, bank shares fell lower over the week, with banking stocks reaching their lowest point in over three months.
By Louis Portail. The ASX 200 bounced from last weeks’ $50 billion drop, closing at 6165.3 on Friday with energy stocks leading the charge. Origin Energy and Viva Energy rose 7.9% and 8.6%respectively, with the entire energy sector gaining 4.91% for the week.
By: Vincent Yuxin Lin Equities: Asian stocks rallied towards the end of the week as the U.S. led by the Treasury Steven Mnuchin reached out to China for another round of trade talk. The market expects a positive outcome with the Hang Seng Index reaching 27,286.41, putting a stop to its 10-day losing streak and Nikkei…
By: Pooja Mallard Equities The ASX 300, which has been steadily rising since June, has had a dismal week dropping 205 points to 6089.50. This is its worst 5-day performance since February earlier this year, essentially wiping out the gains made in the past 3 months. A large part of this loss is attributable to…
By Gilbert Battistella. Against a backdrop of simmering political tensions, Australian equities have faltered to a loss for a seventh consecutive day. This week alone, the S&P / ASX 200 index has fallen 2.8%, to 6143.8 points.
By Victor Yan. ASX futures rose by 12 points despite renewed concerns surrounding the U.S. – China trade war, fueled by a potential Trump plan to impose Chinese import tariffs worth $200 billion, next week.
By Tony Xie. Domestically, following the implosion of the political leadership, the ASX index has been pushed to a three-week low: sitting at 6239.4 index points on last Friday, the Australian equities market has been primarily weighed down by the finance and utility sectors.
By Mazen Elsabrouty. With the leadership spill talk coming out of Canberra early this week, the ASX200 has closed at 6,247.3 today, down 1.4% and at its lowest level in 3 weeks. With all of last week’s gains effectively wiped out…
By Jason Shao. Currently in the midst of earnings season, many reports by companies are scheduled to be released on the ASX in the coming weeks. For those interested in following individual equities, keep an eye out for reports from…
By Michael Lee. ASX 200 closed on a brighter note, up 1% for the week, after the latest positive jobless report showed an improvement in the unemployment rate falling to 5.3% in July, the lowest since 2012, according to Australian Bureau of Statistics.