Morning market update – 28 November

The Aussie market looks set to open lower later this morning after the OPEC oil cartel decided not to cut output overnight, despite a supply gut and falling crude prices. The December SPI futures contract is down 17 points, at 5397. Wall Street was closed for Thanksgiving and European markets were mixed with German’s DAX


Morning market update – 27 November

The Aussie market market looks set to open flat this morning following another lacklustre performance on Wall Street overnight after the release of disappointing economic data. The December SPI futures contract is down just two points, at 5405. The US Labor Department said weekly applications rose 21,000 to a seasonally-adjusted 313,000, the highest level since


Morning market update – 26 November

The Australian market looks set to open higher later this morning after Wall Street stocks fluctuated overnight; data showed the economy expanded more than previously forecast but that was offset by a drop in consumer confidence. The December SPI futures contract is up 12 points, at 5362. Commerce Department figures showed that US gross domestic


Morning market wrap

U.S. stocks rose overnight, extending all-time highs for benchmark indexes, as small-cap shares rallied amid growing confidence in the global economy. Best Buy Co. jumped 2.3 percent before the start of the holiday shopping season. Urban Outfitters Inc. advanced 5.4 percent, the most in the Standard & Poor’s 500 Index. Verizon Communications Inc. tumbled 1.4


Morning market update: Record night on Wall Street

Overnight, US markets continued to grind their way higher with the Dow and S&P 500 notching fresh record highs. US stock futures were pointing to a subdued session following a round of disappointing manufacturing data, which revealed factory output slowed in China, Europe and the US this month. However, the weak manufacturing figures were overlooked


Morning Market Update: Growth signs lifts markets

Global markets rose overnight, lifting the S&P 500 to a record high as concerns about Europe’s economy eased and data pointed to stronger growth in the US. A gauge of confidence among US home builders rebounded this month, whilst producer prices rose unexpectedly in October, boosting confidence in the American economy. In Europe, German stocks


Morning Market update: Stimulus hopes ignite markets

The S&P 500 and Dow Jones climbed to new record highs after European Central Bank president Mario Draghi signalled a potential €1 trillion addition to existing monetary stimulus. Better-than-expected jobless claims data added to the positive vibe on the Street whilst the optimism surrounding Draghi’s comments fuelled similarly healthy gains in Europe. In commodity trading,


Morning Market Update: European woes hit markets

There was renewed weakness on global markets overnight, as traders shifted their attention back to the woeful state of the European economy. European stocks took a pounding after the EU slashed its growth outlook for the eurozone, citing increased geopolitical risks and a weaker global economy. On Wall Street, the Dow Jones swung between small


Morning market update: BOJ stimulates markets

Global markets rallied on Friday night following the announcement of fresh monetary stimulus from the Bank of Japan. The S&P 500 and Dow Jones soared to new record highs, with the latter capping off its biggest weekly gain in almost two years. European equities logged similarly powerful gains after the BOJ’s surprise decision to expand


Morning market update: Mixed night on global markets

Global markets put in a mixed performance overnight, with US indices extending Friday night’s gains but European equities pressured by growth concerns. Wall Street began the week on an optimistic note, following comments by Fed President Richard Fisher, who played down last week’s market volatility and concerns that US inflation was trending lower. It was