News

Global markets sold off overnight (US market S&P 500 -2.6%) experiencing one of its heaviest falls in two-weeks as a continued surge in US covid-19 cases intensified the fears of another round of government lockdowns and economic damage.

The market is placed in an interesting position, the bulls making a case for the fact that the opening up is going much better than expected with better than expected retail sales and jobs data, while bears are looking at the number of covid-19 cases whic

Global markets were mixed overnight as US stocks continued to swing between gains and losses as investors weighed the latest economic data and reports about fresh outbreaks of the coronavirus. There hasn’t much fresh news to drive markets but a cautious t

Global markets were mixed on Friday amid a renewal of uncertainty over how quickly US states can emerge from lockdowns after data showed record levels of COVID-19 in Florida and Arizona.

A new flood of liquidity in the form of fiscal and economic stimulus saw financials and the technology sector benefit the most, with all sectors trading higher.

Data released by the US Commerce Department showed retail sales jumped by a record +17.7% in May, blowing past the 8% increase analysts expected.

ews of spiking covid-19 cases across the Southern US states and parts of the world including Beijing put a damper on the speed of the apparent economic recovery priced into the market.

There are growing risks in some Southern Republican stronghold states, which have moved early in terms of relaxing restrictions.

While global markets snapped back sharply last week on profit-taking, NZ and Australasian markets did not sell-off as hard. We continue to believe Australasia provides a relative safe-haven, primarily given how well both countries have controlled covid-19