ASX Suffers Large Sell-off

US stock markets drifted slightly lower overnight as oil continued its slide with the S&P500 and Dow Jones down 0.06% and 0.27% respectively. There is a risk that the rapid fall in oil prices wi...

Crude Enters Bear Market

Oil prices continue to fall despite API data indicating another larger than expected inventory drawdown, although both gasoline and distillates stockpiles grew. Libya is continuing to ramp up pro...

US Stocks Again Break All-Time Highs

US stock markets had a strong session overnight with the Dow Jones rising 0.68% and reaching a new all-time high. The Nasdaq100 staged a strong rebound, climbing 1.6%, after a couple of weeks of ...

Amazon Increases Presence in Groceries

The S&P500 and Dow Jones closed slightly higher on Friday although the Nasdaq100 continues its slide from highs reached just over a week ago. Amazon announced over the weekend that it is acquiri...

Australian Employment Beats Expectations

Following from the prior day’s rate hike, US markets opened lower yesterday but rallied throughout the session to close only slightly down. Large cap technology stocks (such as Amazon) lost more ...

Federal Reserve Raises Interest Rates

Early this morning local time the Federal Open Market Committee (FOMC) raised interest rates by 0.25% to 1.0% as promised (technically it’s a range from 1.0 - 1.25%). The market fully anticipated...

ASX Posts Biggest One Day Gain in Seven Months

Yesterday saw the ASX 200 post its largest single day gain in seven months closing almost 1.7% higher. The strong move was not led from overseas but appears to be a corrective rally following a ...

Some notes on the UK general election

I was in London at the time of the general election that was held in the UK last Thursday, and I’ll be spending a bit of time in London over the next 12 months - so I thought I’d provide some cover...

US Rate Hike Virtually Certain this Week

US markets closed slightly lower on Monday although still very close to record highs. The ongoing battle between the president and the FBI has not dented market confidence. The six-weekly meetin...

Possible Hung Parliament Following UK Election

Last night the UK voted in a snap election called by Prime Minister Theresa May in an attempt to gain a greater parliamentary majority and strengthen her negotiating position regarding Brexit. ...