Market Pulse

Morning Market Update: Soft Start

There was a broad retreat on global markets overnight amid heightened tension ahead of tonight’s crucial Fed meeting in the US. The FOMC meeting is scheduled to conclude at six am Melbourne time tomorrow morning, and expectations are that officials will provide more concrete guidance on how they intend to reduce stimulus. A stronger than

Morning Market Update: Positive Start On The Cards

Global markets began the new trading week with a solid rally after data showed growth in the world’s key manufacturing regions. In the US, the S&P500 snapped a four session losing streak after data revealed New York-area manufacturing rebounded in December after sliding in November. The eurozone manufacturing index also indicated increased activity among European

Morning Market Update: Weaker Into New Week

Friday night’s modest gains on Wall Street were not enough to prevent the benchmark US indices from logging their worst week in nearly four months. The gains were driven mostly by a budget deal in the US House of Representatives that would avert another government shutdown for almost two years. The Dow rose 16 points

Morning Market Update: Bearish Leads

There were further declines on global markets overnight as a mixed set of US economic numbers did little to ease concerns of a December start date for stimulus tapering. Although data showed retail sales climbing more than forecast in November, jobless claims surged more than expected last week. With the jobs data likely influenced by

Morning Market Update: Target Achieved

US markets took a dive overnight amid concerns a new budget deal in Washington will bring forward the start date for stimulus tapering. Yesterday, US politicians agreed to set spending levels for the next two years, and ease some of the harsh automatic budget cuts that came into effect earlier this year. A failure to

Morning Market Update: Bears In Control

US markets backtracked overnight amid a lack of economic catalysts to propel the benchmark indices to fresh record highs. With the Fed due to meet next week to discuss a reduction in stimulus, investors appeared to be in a profit-taking mood. The S&P500 peeled back from a record high whilst the Dow settled below 16000

Morning Market Update: Soft Start Ahead Today

It was a quiet start to the week for US markets overnight, with stocks ending slightly higher amid speculation the Fed will cut stimulus at next week’s meeting. The S&P500 achieved a new record closing high even though two Fed Presidents signalled the central bank will taper stimulus at December’s FOMC meeting. Wall Street stayed

Morning Market Update: Positive Start Ahead

US markets snapped their run of declines on Friday night following a bumper jobs report for November. The Dow and S&P500 ended a five session losing streak after data showed US employers added 203,000 jobs last month, well ahead of estimates for a 180,000 gain. In another welcome surprise, the jobless rate fell from 7.3%

Morning Market Update: Soft Start Ahead

There were more declines on Wall Street overnight, with the Dow suffering its fourth consecutive loss despite a batch of positive economic data. A measure of private payrolls showed US companies added 215,000 jobs in November, beating expectations for a 173,000 gain and sending a positive signal for this Friday’s official employment data. In another

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