Global markets were lower overnight, setting the stage for a weak start to the month today for local markets. Both the Australian and New Zealand markets made gains in May, with the ASX and NZX market indices up +0.5% and +2.5% respectively for the month.
The price of gold has been on a downward trajectory over the last month and is now back below US$1300 an ounce. The strength in the US dollar has continued to be a main driver of gold prices, putting pressure on the commodity in recent weeks as the gold p
Global markets were little changed on Friday although it was a strong week for most major markets including seven consecutive weeks of gains for the European market. Closer to home investor sentiment is also buoyant, which saw the NZ market (measured by
Global markets rallied strongly overnight with gains across the board, led by energy stocks. The price of oil hit its highest level in 3-1/2 years as investors worried that Trump's decision to withdraw the United States from the international agreement
Despite the fall overnight, the US market managed to eke out a gain for April (+0.3%) as markets stabilised after a very volatile February and March. Closer to home the Australian market surged +3.8% in April, while the NZ market was +1.5% higher for the
Wall Street's three major indexes struggled for direction as Treasury yields inched up to levels (with the 10-year yield closing in on 3%) that have spooked investors in recent months. The move higher in US interest rates also saw the US dollar strengthen
Global markets were lower on Friday after the first wave of US earnings failed to meet investors' high expectations. Investors appeared to opt for the side-lines going into the weekend, ahead of Saturday morning's coordinated missile strike against Syrian
Volatility has surged since February, with many market commentators highlighting the markets are as volatile as they have ever seen in their investing career. We decided to take a further look at the stats. The current intraday swings are a world apart fr
Global markets were hit hard once again overnight. The US market re-opened lower with losses being led by the Technology sector which has wiped out its early 2018 gains and is now flat for the year. The Chinese government hit back Monday at President D
Global markets ended a choppy session lower overnight as investors digested the latest policy announcement from the US Federal Reserve. Shares pared gains as Jerome Powell spoke at his first news conference as chairman of the Fed. Stocks had initially ex
