News

The Australian market (ASX 200) plunged -7.3% yesterday, its worst day of trade since the global financial crisis wiping $137 billion from the value of shares. The moves in oil prices only magnified a market already rattled by rising concerns about the th

Global ma​rkets​ continued to tumble on Friday​ as fears of economic damage intensified with the global tally of coronavirus cases crossing 100,000, sending investors scurrying to safe​ havens. Markets mostly shrugged off the latest US jobs report, which

Global markets surged higher overnight, as investor sentiment flipped as stewards of the world’s largest economies said they would work together to offset any impact from the spreading coronavirus

Global markets were lower overnight, as the US market (S&P 500) fell -2.8% after a surprise 50 basis point interest rate cut by the Fed. The US Central bank cut rates to shield the US economy from the impact of the coronavirus, which spooked investors int

Congress authorised nearly $8 billion for virus prevention with speculation other banks and governments would follow suit and a surprise US presidential primary result. With Joe Biden winning the majority of state primaries it spurred investor confidence 

Volatility is not expected to abate any time soon, ​and we think the turning point will come as growth in the number of new cases outside of China peaks. While we do not see a sustained sell-off, we think it is too early to be broadly buying in this marke

The big unknown is whether Coronavirus represents a longer term loss of growth, or if a V-shaped recovery will offset growth lost. In past epidemics, the buy signal has been between one week and one month after daily infections peaked. We continue to watc

The US market (S&P500) fell another -3%, marking its largest four-day slump since August last year with losses accelerating after the US Centre for Disease Control and Prevention warned Americans to prepare for a coronavirus outbreak at home. 

US and German health officials are now warning that the outbreak is on track to become a pandemic as the number of cases grow. Greece and Spain reported their first cases while Spain locked down a seaside resort hotel with about 1,000 guests and workers i