Market Wrap 05/10/2018

Market Wrap 05/10/2018

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.

Market Wrap 14/09/2018

Market Wrap 14/09/2018

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…

Market Wrap 17/08/2018

Market Wrap 17/08/2018

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.

Market Wrap 18/05/2018

Market Wrap 18/05/2018

By: Thomas Barry Equities: Equity markets this week were subdued by resurgent political issues. The S&P 500 ended the week mostly flat, down 8 points or 0.3%. North Korea threatened to pull out of historic denuclearisation negotiations after the U.S. conducted military drills with South Korea. Trade war tensions also flared up again as Japan…

Market Wrap 11/05/2018

Market Wrap 11/05/2018

By: Michael Lee Equities: Equity markets continued to be dominated by the growth story in the US with low unemployment and moderate inflation at 2.1%. The S&P 500 recorded 2.2% for the week. What’s new is the optimism from the denuclearisation of North Korea with three Americans hostages being released, ahead of the upcoming Trump-Kim…

Market Wrap 04/05/2018

Market Wrap 04/05/2018

By: Anas-ur-Rasheed Khan Equities: US markets endured yet another turbulent week this week. The S&P500 index is currently down ~1.7% on the week with the last trading session of the week yet to go. The backdrop of the market reaction has left investors bamboozled. On one hand, this week concluded a remarkable stream of earnings…

Market Wrap 27/04/2018

Market Wrap 27/04/2018

By: Michael Lee Equities: This week has seen the US equity market going through a roller coaster. The NASDAQ tumbled more than 1.6% on Tuesday after Alphabet dropped more than 5% amid concerns of its capex spending in order to keep up with rivals. Luckily, investor’s gloom around overvalued technology sectors was lifted on Thursday…

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%…

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…