By Vincent Lin.. Trade tension between the U.S. and China further escalated last week as the U.S. declared Huawei as a national security threat and cut off its major supply chains, including Intel chips and Android software.
By Taha Bhatti. U.S. and Asian stock markets dropped this week as China and the US further escalate their trade-war stances. S&P500 has dropped 1.11% as investors becomes increasingly worried about the future of trade talks. Chinese markets were mixed after a third week of losses. Whilst the Shenzen composite fell 0.48% on Friday, the Shanghai composite closed flat.
By: Victor Yan Equities: The past week has been filled with speculation surrounding ballooning trade war tariffs resulting in hits on equity and futures markets. However, due to the resilience of the indexes, we have seen a bounce-back from such earlier losses. For the time being, bearish volume has manifested in the form of hedges…
By: Pooja Mallard Equities: Big gainers this week in US markets include Cisco, Walmart & Nvidia. The S&P 500 closed on 2,859 points, Nvidia shares jumping 6% in extended trading after announcing better-than-estimated revenues for Q1, as well as revised and improved revenue estimate for Q2. The ASX 200 rose 0.9% this week, closing on…
By: Sean Cartwright Equities: Equity markets were shaky to start the week due to trade war concerns, but a nice close from the Dow on Friday prevented a large red candle on weekly charts. The VIX also saw some action with an 80% pump on the back of a few Trump tweets. The close on Friday…
By: Sam Triantafillopoulos Equities: The ASX 200 and the S&P 500 continue to climb to nosebleed levels, with more late-cycle IPOs on the table. The NASDAQ has managed to shake off the anxieties of 2018; beating all other indices for YoY growth, likely supported by domestic growth of 3.2% in Q1(YoY). Worth mentioning is that…
By: Bryan Tan Equities: In the US, the S&P 500 closed on Friday at a record high of 2939.88. This was in part due to better-than-expected Q1 earnings reports from various giants such as Amazon, whose quarterly profit doubled, Walt Disney, which is riding the high of record-breaking revenues from Avengers: Endgame, and Ford Motor…
By: Tony Xie Equities: Australian equity investors rejoiced on Wednesday as the ASX 200 reached an 11-year high of 6,387.40. Elio D’Amato, executive director at Lincoln Indicators, described a number of factors driving the “strong performance”, citing the historically low interest rates and the “general health of the Australian consumers”. On the last trading day…
By: Vincent Lin Equities: The S&P 500 edged higher last week, the index is now up 16 per cent on the year, bouncing back from the crash, it is now trading 1 percent below a record high. For stock managers that climb out of the crash, the temptation now is to take the money and…
By: Mazen Elsabrouty Equities: With global uncertainties continuing to frustrate investors, the ASX200 has closed at 6,251.30 today, up 1.13% this week. The ASX200 had been making a modest gain for the week before the Friday session boosted the ASX200 by 0.85%. The dovish monetary policy tones set by the European Central Bank and the…
The ASX200 suffered a late-week sell-off wiping gains from the six-month, post-budget high of 6285 points to close at 6181.3 points on Friday. Index heavyweights BHP, CSL, Woodside and Transurban dragged the index lower on Thursday, with the selling continuing Friday despite encouraging news of a possible resolution to the nearly year-long trade war between the US and China.
By: Richard Lee Equities: The S&P/ASX200 has ended lower at 6181.3 or 0.83% lower. This is the second straight day of losses, erasing previous gains and leaving the index flat for the week. This has primarily been driven by the financials and healthcare sectors falling. However, the lower weighted technology, consumer staples and property trusts…