News

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

Interestingly, nearly 300 stocks in the S&P 500 index are now trading at prices that exceed their consensus analyst 12-month price targets, and we think that markets are pricing in a “near perfect” recovery, and not much downside risk at the current junct

Global markets were choppy overnight, ending lower (with the US market S&P 500 Index -0.5%) after the US Federal Reserve released its latest policy statement.

Global markets plunged overnight, with the US market (S&P 500 Index -5.9%) suffering its biggest one-day pull-back in three months. There is also likely some profit taking given the recent rally. This was very evident in a sharp reversal of sectors which

US stocks jumped and Treasuries fell after a jobs report that far surpassed analysts’ forecasts bolstered expectations for the economy to rebound quickly from coronavirus lockdowns.

There has been no fresh news to break the rally, as investors become increasingly optimistic about an economic recovery as covid-19 related restrictions start to ease across the states and around the globe.

Closer to home, the Australian government is set to announce a $688m HomeBuilder stimulus package to benefit prospective new home builders and substantial renovations, with the program restricted to middle incomes and new homes valued under $750,000. Ther

CSL led the market gains for the ASX yesterday. The stock held up extremely well early in the covid-19 sell-off, but has underperformed over the last month.