Powell Testifies Before Senate Banking Committee

After opening lower, US stocks rallied throughout the day and the S&P 500 closed 0.4% higher. Materials was the strongest sector while Real Estate was the weakest. The ASX 200 has continued declin...

Oil Plunges Below US$70

A flat day for US equities saw the Dow Jones hover around unchanged for the day although a small rally in the last hour of trading allowed it to close 0.2% higher. The FTSE 100, on the other hand,...

Chinese GDP Data Released Today

US stocks managed to eke out a gain on Friday night as the S&P 500 climbed just 0.1%. Trade is still the main issue on investors minds and the recent tariff war is beginning to hurt shipping compa...

Nasdaq 100 Outperforms

US stocks opened higher and traded up during the session to close near session highs. The Nasdaq 100 outperformed, rising 1.7% vs the S&P 500’s gain of 0.87% . Some of the big tech names performed...

Trade Spat Spooks Investors

Trade wars continue to drive markets and last night commodities were the main victim of this war. The CRB commodity index lost 2.75% while oil plunged almost 5%. Fears of a decline in global growt...

Aussie Dollar Slides

Another strong session for US stocks saw the Dow Jones climb another 0.6% although the Nasdaq 100 only barely managed a gain. Several of the big tech names, such as Facebook (FB), Netflix (NFLX) a...

Strong Session for Stocks

US stocks opened higher overnight and then continued to rally throughout the session. The Dow Jones eventually closed 1.3% higher with industrials and financials the strongest performers. This is ...

ASX Approaching 10-year Highs

The ASX looks like hitting new 10-year highs today after a solid 26 point gain in futures trading overnight Friday. This is despite the escalation of the China-US trade war which many analysts sti...

Yield Curve Flattens Further After FOMC Minutes

After being closed for 1.5 days for the July 4 holiday, US stocks had a decent rally overnight with the S&P 500 closing up 0.9%. The minutes of the most recent Federal Reserve meeting were release...

Strong Australia Retail Sales for May

With US markets closed for the 4 July holiday, global markets were fairly quiet overnight. The major UK index, the FTSE 100, fell 0.3% while Germany’s DAX index also closed moderately lower. Trade...
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