The S&P 500 and Nasdaq reached new record highs, driven by a strong performance in the technology sector ahead of the Federal Reserve’s interest rate decision and upcoming inflation data.
Europe and Canada Central Banks decided to roll the dice with pre-emptive rate cuts, despite inflation being well beyond the target range, while cracks started to show in the US labour market this week
Technology One and QBE hit new highs. Mining shares help lift ASX higher
Equities took a breather after notching a record high a day earlier, as investors weighed up the ECB’s rate cut and further signs of cooling in the labor market, just a day ahead of the crucial monthly U.S. jobs report.
IDP Education falls on outlook warning. ASX rises led by Banks and REITs
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A Bank of Canada rate cut and signs of further cooling in the labor market fueled investors “one-eyed” optimism, lifting hopes that the Federal Reserve will cut interest rates later this year
Treasury wines rises after reaffirming forecasts. GDP lower than forecast. ASX climbs
Stagflation is a tough economic situation where the economy slows down, many people lose their jobs, and prices keep rising all at once.
The best way to describe the markets positive spin on weakening economic conditions, is “oxymoron”, but history has often taught us that only the latter half of that word ends up describing those who buy it
Stocks closed lower led by a slump in energy stocks on falling oil prices and weaker manufacturing data pointing to a slowing in the economy.
Lovisa falls as new CEO named. Lithium sector rises, helped by corporate activity. Energy bounces
