News

Global markets were mixed overnig​h​​t as Federal Reserve policy makers gave mixed signals about their next move, after cutting interest rates by a quarter of a percentage point in a widely expected move. ​

Global markets were mixed overnight as investors awaited a widely expected Fed interest rate cut tomorrow morning AU/NZ time, while the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded.

There were plenty of oil-related movers on Monday, with airline Qantas​ & Air NZ ​falling as investors worried about higher fuel bills​.

​​​​​​​​​​​​​​​​​​​​​​​​​​​​The b​ig news over the weekend was a drone strike that knocked out ~50% of Saudi Arabia’s Aramco production.

The European Central Bank has gone for stimulus as predicted, cutting its key rate to a record low​ (th​e main refinancing rate is now negative at -0.5%)  and will restart bond purchases of €20 billion a month up to shortly before the next rate decision​.

The European Central Bank has gone for stimulus as predicted, cutting its key rate to a record low​ (th​e main refinancing rate is now negative at -0.5%) and will restart bond purchases of €20 billion a month up to shortly before the next rate decision​.​

Wall Street was boosted by Apple, which once again hit the $US1 trillion market value level after it unveiled its latest range of product updates and also rolled out a streaming TV service at a price that undercuts Walt Disney and Netflix.

Across Australia and New Zealand we have seen some profit taking across companies such as Transurban, Sydney Airport, and the power gen-tailers after a very strong run.

Global markets ​were mixed overnight as stocks took a breather after a solid bounce last week.