Global markets rallied overnight with US stock indices surging +2% as investors piled into technology and healthcare sectors after midterm elections led to a divided Congress, as expected, but allowed markets to move past a large uncertainty.
October was the worst month for stocks in years, as investors dumped growth stocks in a broad move lower. Once again, there does not seem to be a single catalyst for the sell-off, but a number of concerns worrying investors
Global markets recovered overnight, as shares on Wall Street rebounded by about 2%, with Tech stocks leading the charge as Microsoft and Tesla reported strong earnings figures.
High growth Tech stocks such as Amazon and Netflix were hit the hardest, as rising Treasury yields and trade-related worries sapped investor risk appetite.
Global markets sold off on Friday, as the US unemployment rate fell to near a 49-year low of 3.7%, pointing to a further tightening in labour market conditions. The data saw another rise in US Treasury yields, with the 10-year at its highest levels since
The NZ market added to gains in September, with the NZX 50 market index adding +0.4% for the month and trading at all-time highs. In contrast, the Australian market retraced from 10-year highs, with the ASX 200 market index losing -1.77% in September.
We believe China has the most to lose from an all-out trade war, and to date the Chinese market has been hit hard. Many markets are at all-time highs such as the US and NZ markets, with the Australian market at a decade high, while the Chinese market is
Base metal prices lifted across board yesterday on the back of more positive trade sentiment as China remained muted in its immediate response to the latest round of tariffs. That lifted sentiment for the local ASX miners, who led the Australian market. T
Stocks across Asia rebounded on reports US Treasury Secretary Steven Mnuchin extended an olive branch to his counterparts in China, inviting them to ministerial level trade talks.
Wall Street’s major indexes fell late in the day as US President Donald Trump raised the possibility of additional tariffs on Chinese imports and Apple Inc indicated that some of its products (such as the Apple watch and AirPods) could be subjected to suc
