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Global markets were lower on Friday (S&P 500 index -0.7%) as traders assessed corporate earnings and hawkish remarks from a Federal Reserve official. For the month, the US market notched a 5% gain (S&P 500 index), while the NZ market was up 1.4%, and the

Global markets were mixed overnight (S&P 500 index -0.08%) as the US market remained flat after the Federal Reserve left interest rates unchanged, saying it would continue to support growth by keep easy monetary policy for “some time” before the Fed’s obj

Global markets were mixed overnight (S&P 500 index +0.7%) as the US market broke out to a new record close and is now up over 6% for the month!

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.