You are viewing:-
archives

sharemarket

This tag is associated with 152 posts

12 Feb 2020 (TheAge) – Disconnected: Why markets are booming while the world reels from the coronavirus outbreak

(12 February 2020, The Age, Business, p23, Stephen Bartholomeusz) ‘The US stockmarket hit yet another record overnight and other major markets, including the Australian exchange, are within sight of their own high points. The world must be in good shape, right? With the death toll from the coronavirus now surpassing that of the SARS epidemic … Continue reading

7 Feb 2020 (AFR) – ASX posts best day for almost a month

(7 February 2020, AFR, p30, Sarah Turner, Reporter) ‘Australian shares rose sharply on Thursday, boosted by a solid performance in the banking sector as well as some strong earnings-related gains, as worries that the coronavirus will dampen global economic growth abated. The S&P/ASX 200 index advanced 1.1 per cent, or 73.15 points, to 7049.19. That … Continue reading

4 Feb 2020 (AFR) – ASX: Coronavirus fears spark ASX shock wave

(4 February 2020, AFR, p26, William McInnes, Reporter) ‘The Australian sharemarket on Monday suffered its second worst session so far this year, as concerns about the economic impact of the coronavirus rippled through global markets. The S&P/ASX 200 Index dropped 93.9 points, or 1.3 per cent, to 6923.3, falling to its lowest level in three … Continue reading

4 Feb 2020 (AFR) – Coronavirus: China stocks fall 8pc as markets reopen on virus fears

(4 February 2020, AFR, p1, Michael Smith and William McInnes) ‘Shanghai/Sydney | Chinese stocks had their biggest fall in four years on Monday when markets reopened for the first time since the deadly coronavirus spread throughout the country as fears grew about the long-term damage the outbreak will have on the world’s second-largest economy. A … Continue reading

4 Feb 2020 (TheAge) – ASX: Local stocks slide as China’s markets plunge 9pc on return to trade

(4 February 2020, The Age, Business, p29, By Lucy Battersby and David Scutt) ‘Australia’s sharemarket declined 1.3 per cent on Monday, after China’s stock market plunged when it returned from a ten-day trading holiday. The Shanghai Composite 300 index opened for the first time since the Lunar New Year holiday started on January 23 and … Continue reading

3 Feb 2020 (AFR) – China braces for economic shock as coronavirus death toll passes 300

(3 February 2020, AFR, p11, Michael Smith, China Correspondent) ‘Shanghai |  China’s central bank at the weekend announced a raft of stimulus measures aimed at cushioning the world’s second-largest economy from the coronavirus, which has forced the country to shut down its main manufacturing hubs and much of its business for at least three weeks. … Continue reading

29 Jan 2020 (AFR) – Coronavirus: How the coronavirus is hitting business

(29 January 2020, AFR, p36, Matthew Cranston, Edmund Tadros, Angela Macdonald-Smith, Simon Evans, Liam Walsh, Nick Lenaghan, Aleks Vickovich and Michael Smith) ‘The coronavirus outbreak has spooked markets across the globe and companies in industries from oil to professional services, wine and agriculture are reeling from the fallout. It used to be said that when … Continue reading

29 Jan 2020 (AFR) – Coronavirus and ASX: ASX endures worst day of 2020 as virus concerns deepen

(29 January 2020, AFR, p26, Luke Housego, Reporter) ‘Australian shares tumbled to their biggest loss of 2020 as concerns about the fallout on global growth from China’s coronavirus outbreak sparked a rout of world stockmarkets. The S&P/ASX 200 Index fell 96 points, or 1.4 per cent, to 6994.5 points, making it the biggest one-day fall … Continue reading

23 Jan 2020 (TheAge) – Full steam ahead as ASX smashes new records

(23 January 2020, The Age, Business, p24, By Lucy Battersby) ‘Australia’s stock market chalked up a surprisingly strong session on Wednesday with more than a tenth of the S&P/ASX200 reaching record high prices. The index closed nearly 1 per cent higher at 7132.7 points. News that German retail giant Kaufland is pulling out of Australia … Continue reading

20 Jan 2020 (AFR) – ASX’s record run raises the stakes

(20 January 2020, AFR, p24, Vesna Poljak, Markets Editor) ‘The sharemarket’s record-breaking rally will continue enthusiastically without regard for the bushfire-worsened confession season underway, setting up a difficult test for valuations with the interim company profit season around the corner. <snipped…> ‘Wall Street sealed its best week since August as upbeat housing data sweetened the … Continue reading

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