News

To date, 89% of the companies in the S&P 500 have reported 3rd quarter results and in terms of earnings, the percentage of companies reporting above estimates (75%) is above the five-year average.

It was a busy day yesterday for stocks under our coverage​ yesterday​, with announcements from Xero, Spark, and James Hardie.

Investor sentiment was buoyed by renewed hope for a trade truce between the US and China.

While trade news-flow and global economic data trends will remain in focus for investors, markets are entering a traditionally buoyant period on a sound footing.

​Closer to home, yesterday the Reserve Bank of Australia left the official cash rate unchanged at 0.75​%​.

Shares in Pushpay jumped yesterday​ after announcing what we saw as a solid first half of 2020 result. 

ANZ shares took a hit yesterday on the back of weaker than expected ​full year ​earnings. 

The big news was from the US Federal Reserve, which cut interest rates for the third time this year in a move to ensure the US economy weathers a global trade war without slipping into a recession, but signalled its rate-cut cycle might be at a pause.

On the economic growth front, there will be important US economic data published at the end of the week.