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S&P/ASX 200 index

This tag is associated with 13 posts

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

17 Jan 2020 (AFR) – ‘Dangerous path’ as low rates push ASX to 7000

(17 January 2020, AFR, p1, Sarah Turner and Vesna Poljak) ‘Leading investors warn that the sharemarket’s ascent to the 7000 points level helped by the lowest interest rates in history should be met with caution and may not be supported by earnings in an economy growing below-trend. A formalised phase one trade deal between the … Continue reading

17 Jan 2020 (TheAge) – ASX: ‘A bit of FOMO’: Local shares smash through key level to fresh record high

(17 January 2020, The Age, Business, p24, By David Scutt). ‘The Australian sharemarket surged to fresh record highs for the third consecutive session on Thursday, with the benchmark S&P/ASX 200 (XJO) index smashing above the 7000 level for the first time, after Wall Street shot higher on the inking of a preliminary US-China trade agreement. … Continue reading

10 Jan 2020 (AFR) – ASX shrugs off Middle East worries to print record high

(10 January 2020, AFR, p26, Tom Richardson Markets reporter and commentator) ‘The S&P/ASX 200 closed up 0.8 per cent, or 57 points, to a record closing high of 6874 points amid broad-based gains as investors brushed off concerns over a conflict between the US and Iran. The record close beats the previous 6863.99 high set … Continue reading

26 Dec 2019 (TheAge) – ASX delivers modest gains ahead of Christmas

(26 December 2019, The Age, Business, p26, By David Scutt) ‘Australian shares drifted higher in quiet, pre-Christmas trade on Tuesday, snapping a three-day losing streak in the process. The benchmark S&P/ASX 200 finished up 9.1 points, or 0.1 per cent, at 6794.2, helped by a late flurry of buying towards the close.’ Read more at … Continue reading

2 Dec 2019 (AFR) – Record high (and low rates) sets Australian shares up for ‘Santa rally’

(2 December 2019, AFR, p22, Sarah Turner and James Thomson) ‘Investors are hoping that Christmas starts early for the sharemarket and the ASX can extend last week’s record highs into December and then through the month as interest rates remain at historic lows. Veteran investor Geoff Wilson is among those betting on a “Santa rally” … Continue reading

27 Nov 2019 (TheAge) – ASX: So let our ‘Santa Rally’ begin

(27 November 2019, The Age, Money supplement, p3, Michael Gable) ‘… For the US market, all appears to be going to plan. The S&P 500 index broke out to new highs at the end of October, and the rally looks to have further to run. Statistically, if we look at the returns of the S&P … Continue reading

4 Oct 2019 (TheAge) – ASX: ‘Heaven help us’: Fears of further volatility after ASX pummelled again

(4 October 2019, The Age, Business, p20, By David Scutt) ‘Global growth fears, trade tensions between the United States and European Union and stretched valuations combined to send Australian shares tumbling for a second consecutive session on Thursday, wiping more than $40 billion in value from the nation’s top companies. The S&P/ASX tumbled 2.2 per … Continue reading

6 Sept 2019 (AFR) – ASX rallies and dollar pushes up on US-China trade hopes

(6 September 2019, AFR, p1, Sarah Turner and Vesna Poljak) ‘An unexpected revival of US-China trade talks, the cooling of political mayhem in Hong Kong and the no-deal Brexit vote in the UK have helped soothe fears about the global economy and set off a rally in Asian markets. The S&P/ASX 200 Index advanced 0.9 … Continue reading

31 July 2019 (AFR) – Shares reclaim record high after 11-year wait – Profits season to test sharemarket’s record high

(31 July 2019, AFR, Vesna Poljak and William McInnes) ‘Interest rates drove the Australian sharemarket to a fresh record high on Tuesday, completing an 11-and-a-half year journey, but it will take improved corporate earnings to sustain prices at these levels. A 19.3 point, or 0.3 per cent, advance in the S&P/ASX 200 Index enabled the … Continue reading

27 July 2019 (AFR) – ASX on track to pass 7000 ‘quite easily’

[COMMENT: The views expressed in this opinion piece are not necessarily those of this commentator – everyone is entitled to their own opinion. ALSO, note that even though the All Ordinaries index (XAO) has breached its all-time record high, the S&P/ASX 200 index (XJO) still has not – perhaps next week?] (27 July 2019, AFR, … Continue reading

6 Dec 2018 (AFR) – ASX back to 6000 in 2019: Morgan Stanley

[COMMENT – I am always amused by those who proffer forecasts such as this – that the Top 200 index will be at 6000 in a years time. How can this be anything but sheer ‘educated’ guess work?] (6 December 2018, AFR, p28, By Tim Boyd) ‘Morgan Stanley strategists have set their 12-month price target … Continue reading

15 Jan 2016 (AFR) – ASX tipped to finish 2016 at 4800: Morgan Stanley

(15 January 2016, AFR, p25, by Vanessa Desloires) ‘The Australian sharemarket will post a second year of negative returns as earnings per share growth remains weak and valuations stretched, Morgan Stanley says. Analysts for the investment bank led by Chris Nicol and Daniel Blake cut their target for the S&P/ASX 200 index to 4800 by … Continue reading