News

Global markets were more or less flat overnight (S&P 500 index -0.02%) with energy and industrial sector strength offset by utilities and technology sector weakness as investors focus on upcoming earnings from market heavy weights.

Global markets were mostly in the green overnight (S&P 500 index +0.2%) amid solid corporate earnings and confidence that the Federal Reserve will remain accommodative ahead of its meeting later this week.

A2 Milk momentum continues to downside, as speculation continues regarding an upcoming global market index re-weight, which is reportedly due to be calculated this month.

European markets dropped sharply, as virus concerns outweighed a solid corporate earnings season. Small caps were worse hit followed by tech with risk unwind. 

Investors were comfortable with buying the dip, particularly in economy re-opening plays like Airlines and Cruise Liners which were sold-off heavily earlier. Materials, energy & financials sectors outperformed.

However, the market turned sour after Biden announced plans to almost double capital gains tax rates for wealthy Americans.

Global markets were higher on Friday (S&P 500 index +0.4%) as US stocks climbed to new highs.

Global markets were lower overnight (S&P 500 index -0.5%) as US stocks slipped from record highs, with technology and consumer discretionary stocks the major drag in the session.

Global markets were higher overnight, with the S&P 500 index climbing +1.1% to hit all time highs as earnings season kicks off to a good start. There was a further boost driven by a jump in US retail sales for the month of March which was up +9.8% (ahead