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Active (8)Global markets
Global equities pushed ever higher last week as the rollout of vaccines and the lingering promise of a U.S. stimulus deal outweighed serious but seemingly now ‘lagging’ news on soaring COVID cases,…
Drugs and money
Global markets
Despite a weaker than expected payrolls report, and surging COVID cases, U.S. stocks hit new records last week, buoyed by an apparent breakthrough in fiscal stimulus talks and ongoing excitement about an impending vaccine rollout….
Heal the world
Global equities
Last week again highlighted the forward-looking nature of markets, with global equities pushing higher on further positive vaccine news, despite a softening in economic data and ever-rising COVID cases in the United States….
Markets consolidate
Global markets
Weighed down by rising COVID cases, U.S. stocks pulled back last week – which is likely a consolidation after two solid weekly gains on the back of the U.S….
Race against time
Global markets
Global post-U.S. election optimism continued last week, buoyed by hopeful signs with regard to a COVID vaccine. The S&P 500 rose 2.2% after a solid 7.3% gain in the previous week to reach a new record high….
Testing resistance
Global markets
After threatening to break support at the late September low in the previous week, the S&P 500 rebounded last week to end near resistance at the mid-October high. The U.S….
Testing support
Global markets
A litany of negative factors conspired to push equities lower last week, with the U.S. S&P 500 down a chunky 5.6%. Rising COVID cases in Europe and the United States,…
Unresolved
Global markets
Global equities pulled back last week, interrupting the rebound we’ve been enjoying so far this month after the September correction. The theme of the past week is ‘unresolved’. U.S….
Melb Cup cut
Global markets
Global equities were largely flat last week, reflecting disappointment on U.S. fiscal stimulus talks and concern over new social distancing restrictions in Europe as COVID-19 cases mount. The $US firmed and gold weakened,…
Biden time
Global markets
Global equities enjoyed their second successive positive week, suggesting the ‘correction we had to have’ may well be over. The main market driver last week was the on again/off again/on again U.S….
Stimulus hopes
Global markets
Global equities enjoyed their first positive week in a month, largely on the back of U.S. fiscal stimulus hopes – and despite polls suggesting Biden is now even more likely to win the Presidential election following a steady performance in last week’s debate….
Riding the wave
Global markets
It was a week of consolidation for global equities as some investors could not resist finally buying into the first decent pullback in stocks for some months. The S&P 500 edged down another 0.6% for the week –…