News

​​​​​Global markets ​were mixed overnight as the US market sold off, with stocks struggling for direction.

Global markets ​sold off overnight as hopes of progress in high-level trade talks were dashed .

The​ US jobs data ​was a goldilocks number, not too strong to deter the US Fed from potentially lowering interest rates, while not too weak as to spur further concerns around a recession.

​​​Global markets ​stabilised overnight ​post a few days of selling.

​​Global markets ​dropped sharply overnight, with the major US markets all down over -1% and European markets under further selling pressure with the German market down nearly -3%.

Tthis afternoon sees a decision by the Reserve Bank of Australia – with the market expecting an interest rate cut (75% chance), following a strong hint by Governor Lowe in his last speech.​

The ASX jumped yesterday in the afternoon after the Reserve Bank of Australia decided to lower its cash rate by 0.25% to a record low 0.75%.

Global markets were higher overnight, reversing Friday’s losses as the US market heads for its third monthly gain in four, following a weak August. 

This week’s stock market movers podcast discusses Pushpay & Plexure Guidance. Fonterra Pays some Debt. Moa gets into the Pizza Game.