It was a massive day of corporate profit announcements across Australia and NZ yesterday, as some companies beat market expectations while others missed. There were big moves across market darlings such as A2 Milk which jumped higher. On the flipside, ano
Global markets continued their wild ride on Friday, as shares on Wall Street swung between large gains and losses. The implosion of risk appetite is triggering a sell-off across different assets, as markets start to grapple with the end of easy money and
The greenback rallied and US Treasury yields spiked as it appears that inflation isn't dead after all, as evidenced by an unexpected 2.9% year over year lift in US wages, as reported in the January payrolls report. We have previously noted that interest r
With Wall Street at record highs, investors will eye a Federal Reserve meeting, and US President Donald Trump’s first State of the Union address this week. The US earnings season is now also in full-swing, with a number of high-profile corporate profit re
While a shutdown of the US government and uncertainly is rarely market-friendly, investors appeared too focused on earnings gains and the promise of tax-cut bolstered dividends versus the latest round of political brinkmanship. Looking historically, the m
It was a remarkable year for share markets in 2017, with major markets across the globe notching returns of around +20% for the year (for the year the US Market was up +19%, NZ Market +22%, AU Market +7%). What was more surprising than the strong returns
Global markets were higher as all three major US benchmarks closed at record highs as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass. President Donald Trump's Republicans appear to have settle
Both the Australian and NZ dollar have trended lower of late, and several market commentators suggest there is more to come. Morgan Stanley have suggested that investors position for further currency falls, with a forecast for the AUD to hit 65 cents agai
. As we have discussed previously, looking forward we see interest rate moves by the Fed as critical to driving markets (as a “policy error” with rates rising too fast could cause a sell-off in markets). On this front, the US Senate Banking Committee hold
While the three US benchmarks pulled back over the weekend, it should be kept in mind that the S&P 500 remains up more than 15% this year. Further, while Wall Street slipped from record highs, it has now been 261 trading days since we have had a 3% or mor
