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Finfeed Archived Oct 09, 2020
The ASX 200 ended up 1.1% for its fourth straight daily gain yesterday. The index is now up 5.4% for the week, and with ASX SPI200 futures now up 12 points we could be in for another green day. A fifth straight day in the green would mark the index’s best week since April.
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 24, 2020
The ASX SPI200 futures index was down 55 points, reflecting extreme volatility in US markets. The decline in the US market appeared to stem from Fed Reserve commentary regarding the ongoing need for fiscal stimulus as coronavirus continues to undermine the economy.
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.
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Finfeed Archived Sep 02, 2020
There were once again positive leads out of the US, and this is expected to provide support for the Australian Market with the ASX SPI200 Futures index up 23 points.
Finfeed Archived Sep 01, 2020
With most overseas markets falling overnight the ASX could be set to deliver its third consecutive day of losses, and the ASX SPI200 index is certainly pointing in that direction, down 58 points to 5972 points.
Finfeed Archived Aug 27, 2020
Futures markets point to a turnaround today, largely reflecting strength in overseas markets as both the NASDAQ and the S&P 500 continued to set record highs. However the gain may be a little suppressed given the escalating geopolitical tensions between Australia and China stemming from a review announced yesterday by the Morrison government.
Finfeed Archived Aug 26, 2020
After two consecutive days of gains it would appear that the market is poised for a retracement on Wednesday with the ASX SPI200 index down 34 points to 6094 points.
Finfeed Archived Aug 25, 2020
With strong leads from overseas markets spurred on by good news on the coronavirus vaccine front and some strength in the oil price, it should be another positive day and the ASX SPI200.
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