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Finfeed Archived Sep 28, 2020
The financial sector was buoyed by moves to relax the responsible lending laws that have served to constrain all facets of consumer and business lending. With US markets having performed strongly at the end of the week this positive momentum could continue, and the ASX SPI200 futures index is pointing in that direction.
Finfeed Archived Sep 11, 2020
Major US indexes across the board were all down overnight. This does not bode well for the Australian stock market with the ASX200 SPI Futures down 79 points.
Finfeed Archived Sep 10, 2020
The Australian stock market should see a bounce-back with US markets staging a significant turnaround last night after three consecutive days of losses, and this is reflected in the ASX SPI200 futures index which is up 77 points
Finfeed Archived Sep 09, 2020
After a horror finish last week, the XJO has added 82 points over the last two days, but with the ASX SPI200 Futures index down 98 points all of these gains could be eroded in what is shaping up as a challenging day.
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Finfeed Archived Sep 03, 2020
The S&P/ASX 200 index (XJO) soared 110 points on Wednesday, helping to offset three consecutive days of losses leading up to that point. Given the strength in overseas markets last night, this trend is likely to continue and the ASX SPI200 index is up 42 points.
Finfeed Archived Aug 21, 2020
The Nasdaq ended Thursday at a record high, with the S&P 500 and Dow Jones also rising, as gains in heavyweight tech stocks outweighed weak data that affirmed the Federal Reserve’s view of a challenging road to economic recovery.
Finfeed Archived Aug 14, 2020
Overseas markets were mixed overnight, as investors assessed the prospect of additional stimulus in the US and subdued economic data in light of the record-breaking rally.
Finfeed Archived Aug 13, 2020
A steep fall in the gold price resulted in substantial downward pressure on the S&P/ASX 200 index (XJO), but a late surge of around 30 points saw it finish just seven points shy from the pervious day.
Finfeed Archived Aug 12, 2020
While overseas equities markets were generally buoyant there was weakness in a number of commodities, most notably gold which plunged more than 5% to hit a low of US$1911 per ounce. This is likely to result in major gold stocks placing a drag on the broader index, nullifying the prospects of another positive day.
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