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This tag is associated with 142 posts

14 Sept 2019 (AFR) – ASX: Trade war hopes, ECB stimulus push ASX higher

(14 September 2019, AFR, p33, Elouise Fowler, Reporter) ‘The local sharemarket closed the week higher after the European Central Bank pushed the stimulus button and trade war tensions eased ahead of high-level talks between the US and China in October. The S&P/ASX200 ended the week up 14.33 points, or 0.33 per cent, higher at 6669.19, … Continue reading

24 Aug 2019 (AFR) – US stocks sink, bonds gain as US-China feud deepens

(24 August 2019, AFR, online, Rita Nazareth and Vildana Hajric) ‘New York | US stocks slumped and Treasuries rallied after President Donald Trump said he’ll respond to new Chinese tariffs and blasted Federal Reserve chairman Jerome Powell. The US dollar fell.’ Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

15 Aug 2019 (NYTimes) – US Stock Markets, Jolted by Economic Worry, Suffer 2nd Worst Drop of 2019

[COMMENT: In trading Thursday, the major US equity indices all fell almost 3 percent. Now that is a large amount for an index to fall in just one day.] (15 August 2019, New York Times online, By Matt Phillips) ‘Trade-war worries hammered financial markets again on Wednesday as data from Germany and China showed trouble … Continue reading

7 Aug 2019 (AFR) – Yuan fallout wipes $53b off the ASX

(7 August 2019, AFR, p26, William McInnes, Reporter) ‘The Australian sharemarket saw $53 billion wiped from its boards on Tuesday as a global market sell-off entered its second day, reversing two months worth of gains in the local market. The S&P/ASX 200 Index dropped 162.2 points, or 2.4 per cent, to 6478.1 while the broader … Continue reading

7 Aug 2019 (AFR) – Markets caught in trade war crossfire

(7 August 2019, AFR, p1, Robert Guy and William McInnes) ‘The Australian sharemarket plunged 2.5 per cent after the US escalated hostilities in its tit-for-tat trade war with China by labelling it a currency manipulator, pushing yields on Australian 10-year government bonds below 1 per cent for the first time. The Trump administration’s aggressive response … Continue reading

12 April 2019 (TheAge,SMH) – ‘Defied all odds’: Australia’s sharemarket continues to shock

(12 April 2019, The Age, Business, p31, By Jackie Edwards) ‘When a country’s economic growth slows, its stock market usually follows suit. Not in Australia. Despite a backdrop of troubling economic signals, the nation’s benchmark S&P/ASX 200 Index rallied almost 10 per cent in the first quarter – its best-ever performance to begin a year … Continue reading

11 Dec 2018 (AFR) – ASX sinks 2pc to 23-month low in rout

(11 December 2018, AFR, p28, By William McInnes) ‘Australian shares tumbled to a 23-month low on Monday on the back of broad selling as every sector in the market closed in the red. The S&P/ASX 200 Index fell 129 points, or 2.3 per cent, to 5552.5, closing within 20 points of a two-year low. “Australian … Continue reading

12 Oct 2018 (TheAge) – American ructions behind $50 billion dive in local market

(12 October 2018, The Age, Business, p27, William McInnes & Nick Toscano) ‘Australian shares have suffered a sharp fall amidst heavy selling in global markets as investors worry about the prospect of a trade war with China and the impact of rising interest rates in America. The benchmark S&P/ASX 200 index closed 166 points, or … Continue reading

1 Sept 2018 (AFR) – ASX: Westpac rate change lifts ASX to higher week

(1 September 2018, AFR, p33, by William McInnes) ‘The Australian sharemarket has broken free of a week of political turmoil, as the major banks lifted the benchmark index to a fresh highs this week. The S&P/ASX 200 index rose 72.2 points, or 1.2 per cent this week, hitting its highest level since December 2007 on … Continue reading

29 Aug 2018 (AFR) – China equity traders still wary after year of false rebounds

(29 August 2018, AFR, p31, by Sofia Horta e Costa) ‘It’ll take more than dirt-cheap valuations and a spell of supportive policies to cajole Chinese investors to go all in on equities. The bounce in mainland stocks over the past week hasn’t assuaged concerns. Shanghai’s benchmark index is still in a bear market, trading at … Continue reading

10 Feb 2018 (AFR) – 5 lessons from stockmarket correction

(10 February 2018, AFR, p28, by Sally Patten) ‘Investors may have taken a haircut on markets this week but wise shareholders will learn from the experience.’ ‘Thank goodness the week is over. The S&P 500 index in the United States suffered its two biggest points falls in history, while the local benchmark plummeted nearly 5 … Continue reading

10 Feb 2018 (AFR) – Little sign of end to global sharemarket turmoil

(10 February 2018, AFR, p1, by Patrick Commins) ‘Investors went into the weekend with few signs of an end to the volatility which has convulsed global markets in recent days as Australian shares suffered their worst weekly fall in two years.  Following a mid-week hiatus, a renewed pulse of selling in global markets dragged the … Continue reading

6 Feb 2018 (AFR) – Worst day in seven months for ASX pierces euphoric mood

(6 February 2018, AFR, p1, by Vesna Poljak) ‘Australian shares have had their worst day in seven months after the global bond market’s sell-off hit the ASX, leading some investors to speculate that the bull run in global equities has been shattered. Monday’s 95 point fall, a drop of 1.55 per cent, to 6026 points … Continue reading

24 Jan 2018 (AFR) – The share price will get there in the end – Because the share price knows best

[COMMENT: This article provides an interesting insight. Some market participants think like this (described below), while many do not. Some people would even say this line of thinking is speculation – investing on an opinion which might be little more than gut-feeling.] (24 January 2018, AFR, p23, by Elio D’Amato) ‘There is a common belief … Continue reading

20 Dec 2017 (AFR) – Australian sharemarket inches toward decade high on deal boom

(20 December 2017, AFR, p13, by: Vesna Poljak, Sarah Thompson) ‘A late rush of deals has fuelled a fresh nine-year high for the Australian sharemarket, setting equities up for their best quarterly return since March 2015. On the heels of fresh record highs on Wall Street where the Nasdaq briefly topped the 7000-point mark for … Continue reading

7 Oct 2017 (AFR) – God save the ASX as earnings won’t – Look offshore to escape ASX’s earnings trap

[COMMENT: This is a good example of the difference it makes when you change the starting date for your performance comparison.] (7 October 2017, AFR, p29, by Patrick Commins) ‘Aggregate earnings for ASX-listed companies have gone precisely nowhere since the end of 2006, on a per share basis. It’s no surprise, then, that the Aussie … Continue reading

5 Oct 2017 (AFR) – Shares have gone nowhere for 10 years – A lost decade

[COMMENT: Now with all due respect, there are some interesting points and conclusions noted in this article. I am not so sure if the same conclusions cold be drawn if we consider different periods in time. The other point to remember is that over-hyping can over-dramatise the news. Oh, and one final question: the material … Continue reading

16 Sept 2017 (AFR) – ASX 200 Index rose 0.4pc this week, shrugging off North Korea tensions

(16 September 2017, AFR, p33, by Vesna Poljak) ‘The Australian sharemarket rose for the first week in four and even North Korea’s latest provocation was not enough to offset a strong performance from the banking sector over the past five days. The S&P/ASX 200 Index finished the week ahead 0.4 per cent, despite a 0.8 per cent decline on … Continue reading

13 Sept 2017 (AFR) – ASX is staring down the barrel of a lost decade

(13 September 2017, AFR, p34, by Philip Baker) ‘Even the most blatantly bullish sharemarket investor would have to admit that as Wall Street hits another record high, it’s simply a case of groundhog day here as the major S&P/ASX 200 Index struggles to trade too far away from 5700. Maybe the local sharemarket is about … Continue reading

1 Aug 2017 (AFR) – ASX records worst July performance for six years as Wall Street soars to record

(1 August 2017, AFR, p35, by Philip Baker) ‘The champagne corks might have been popping on Wall Street during the past month with the Dow Jones, S&P 500 and Nasdaq all closing at fresh record highs, but for local investors it was a case of dry July with nothing much to celebrate. Indeed, it was … Continue reading

28 July 2017 (AFR) – Platinum Asset’s Kerr Neilson shines light on disconnect between economy, shares – Perfect conditions may prove to be mirage for shares

(28 July 2017, AFR, p30, by Philip Baker) ‘Amid all the excitement about how the US Federal Reserve can’t really hike interest rates again, about the Dow Jones and S&P 500 hitting record highs – again – about global economic growth tipped to get better, about inflation and about good news on the earnings front both here … Continue reading

29 May 2017 (AFR) – Not a great start to the year – Investment signs point to slowdown

(29 May 2017, AFR, p30, by Philip Baker) ‘There’s a good chance the Australian sharemarket is telling us something about the economy. And it’s not good. Earlier this month, shares were threatening to break the key 6000 level, but since then have ricocheted back hard away from that number. It’s almost as if shares are … Continue reading

25 Apr 2017 (TheAge) – European equities rally on French election hopes as political risk fades

(25 April 2017, The Age, BusinessDay, p20, Vesna Poljak) ‘European equities staged a euphoric rally and the euro surged to a five-month as Emmanuel Macron emerged the clear frontrunner in the French presidential race ahead of the far-right candidate Marine Le Pen. France’s benchmark CAC 40 Index and the regional blue-chip Euro Stoxx 50 Index rose more than 4 per cent and … Continue reading

24 Apr 2017 (AFR) – Still a need for caution in stronger US market

(24 April 2017, AFR, p20, by Olivia Engel) ‘The latest bout of geopolitical worries has created a sense of unease in the US equities market over the past fortnight, despite the generally good news coming from the current corporate earnings season. But it’s not only nerves about North Korea fuelling the unease. The sharemarket in … Continue reading

21 Apr 2017 (AFR) – Valuations near ‘dot-com bubble’ levels may halt the bull market

(21 April 2017, AFR, p32, by Philip Baker) ‘Those tenacious sharemarket bulls still have the 6000-point mark squarely in their sights despite the major S&P ASX200 index falling back to 5800 points this week.’ <snipped…> ‘But expensive valuation measures suggest the march to the next milestone might be more of a slow slog than the … Continue reading

11 Mar 2017 (AFR) – ASX up after shrugging off bond rout

(11 March 2017, AFR, p27, by Jessica Sier) ‘Banks and healthcare stocks led the market higher on Friday, capping off a fairly volatile week, and shrugging off a slide in commodity prices.  Investors continued to sell global government bonds ahead of Friday night’s United States jobs report, which is expected to come in strongly and pave … Continue reading

26 Nov 2016 (AFR) – ASX enjoys strong week as commodity rally continues

(26 november 2016, AFR, p27, by: Vanessa Desloire, Jessica Sier) ‘The sharemarket burst through the 5500 level to the highest in three months, as the rally in commodity prices continued amid optimism surrounding President-elect Donald Trump and next week’s OPEC meeting. The Friday session lacked direction early after Wall Street closed for the Thanksgiving Holiday, … Continue reading

19 Nov 2016 (AFR) – ASX slips for the week as Trump trade loses steam

(19 November 2016, AFR, p27, by: Patrick Commin, Jessica Sier) ‘Shares ended Friday higher but over the week surrendered some of their strong recent gains as the post-US election enthusiasm leeched out of equity markets, with Telstra the standout performer among the bluechips.’ Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

16 Nov 2016 (AFR) – Bond market no longer gives investors a reason to buy shares

(16 November 2016, AFR, p28, by Philip Baker) ‘Since the recovery in sharemarkets began in early 2009, there’s been a familiar pattern that’s been repeated over and over again – until now. Whenever there was a major sell-off in stocks – think Greece and Europe, a slowdown in China, concerns over the US and even … Continue reading

16 Nov 2016 (AFR) – Rising bond yields setting ASX up for a sharp fall: Watermark Funds

[CAUTION: The following is an opinion by the person mentioned in the news article.] (16 November 2016, AFR, p13, by Vanessa Desloires) ‘The sharemarket’s strong post-election performance is sending a false signal to investors, with rising bond yields setting the expensive ASX up for a plunge amid political upheaval, Watermark Funds Management’s Justin Braitling says.  Mr Braitling, chief investment … Continue reading

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