ABX Weekly 20/02/2019
ABX Weekly 20/02/19 20th February 2019 Market Update US stocks gained ground on Tuesday as upbeat results from Walmart boosted investor sentiment and high-level US-China trade talks resumed in Washington. All three major US equity indexes closed higher, with the Nasdaq ending its seventh consecutive day in the black. The benchmark S&P/ASX200 index closed up 17.1 points, or […]
ABX Weekly 30/01/2019
ABX weekly 30/01/2019 30th January 2019 Market update Markets struck a defensive tone ahead of the US-China trade talks, Brexit votes and tomorrow’s FOMC meeting. The US Treasury Secretary, Steven Mnuchin, has indicated that President Trump could lift tariffs if China makes significant concessions in the trade talks, but markets have taken little encouragement from […]
ABX Weekly 16/01/2019
ABX weekly 23/01/2019 23rd January 2019 Market update There is a risk-off tone in financial markets at the moment. Globally equities were down. Aussie equities followed Wall Street lower last night taking back some of the gains this week. Several central bank meetings are taking place this month with the US Federal Reserve meeting at the end of […]
ABX Weekly 16/01/2019
ABX weekly 16/01/2019 16th January 2019 Market update In the Australian share market the ASX200 has pushed through 5800 points but commentators are saying we will likely see some retracement, especially given lighter volumes at this time of year. Uncertainty remains in the UK, although the UK Parliament has certainly voted down Prime Minister Theresa May’s Brexit Bill in […]
ABX Weekly 09/01/2019
ABX weekly 09/01/2019 9th January 2019 Market Update Well after significant volatility heading into the year end, markets have been a bit calmer of late and there is some cautious optimism returning. US equities have had 3 days of gains. Market participants now wait to see if this is a simple bounce or the […]
ABX Weekly 12/12/2018
ABX weekly 12/12/2018 12th December 2018 Market update Recent themes continue in markets with the risk-off tone becoming entrenched. US-China trade tensions remain and the arrest of Huawei’s CFO Meng Wanzhou by Canadian authorities at the request of the US counterparts adds to the friction. There is speculation that China could retaliate. Uncertainty over the US Fed policy is […]
ABX Weekly 05/12/2018
ABX weekly 05/12/2018 5th December 2018 Market update While there is a risk-off tone given the equity market selloff, current trade uncertainties and Fed outcomes we expect credit spreads will widen somewhat but domestically we’ll remain tighter than the US. Australia hasn’t seen the borrowing that other countries have. We agree with a Moody’s […]
ABX Weekly 28/11/2018
ABX weekly 28/11/2018 28th November 2018 Market update While there is a risk-off tone given the equity market selloff, current trade uncertainties and Fed outcomes we expect credit spreads will widen somewhat but domestically we’ll remain tighter than the US. Australia hasn’t seen the borrowing that other countries have. We agree with a Moody’s report last […]
ABX Weekly 21/11/2018
ABX Weekly 21st November 2018 Market Update Share market continue its downturn this week as the market clearly signalled a risk-off sentiment. The biggest news is continuing Brexit speed bumps and US and China trade war. European Desk The Brexit story keeps on giving but the show must go on. The Cabinet finally […]
ABX Weekly 14/11/2018
ABX Weekly 14th November 2018 Market Update Global jitters remain. Markets remain concerned about Brexit negotiations, tariffs, tech stocks and Trump tweets. Headlines today showed British and European negotiators have moved closer to a Brexit ‘divorce’ deal that will extract the UK from the European Union. But prime minister Theresa May now faces a tough […]