Global markets Global equities fell back last week, likely reflecting post-US election profit taking and more cautious comments from Fed chair Jerome Powell. After a solid ‘Trump bounce’, some post-election equity profit taking last week should not be unexpected. That’s especially so as markets continue to get …

al markets Global equities bounced back strongly last week following Trump’s US Presidential victory and the Federal Reserve rate cut. Perhaps surprisingly, long-term bond yields eased over the week though the $US firmed. My ill-fated foray into political punditry last week met its deserved outcome, with Trump …

Global markets Global equities fell back further last week largely reflecting mixed earnings reports some some of America’s Mag-7 tech stars. Nervousness ahead of this week’s US Presidential election likely also played a role. Last week was big in terms of US tech earnings, with Microsoft, Apple …

Global markets Global equities edged back last week as higher bond yields and trepidation ahead of the US Presidential election caused at least a brief lull in the “soft-landing” celebratory party. There was little in the way of major global economic data last week, leaving markets some …

Global markets Global equities moved higher again last week largely reflecting ongoing good US earnings reports. Declining oil prices – due to weak Chinese demand and the continued absence of long-feared Middle East supply disruptions – also supported sentiment. There was little in the way of major …

Global markets Global equities edged higher again last week reflecting the continued prospect of US monetary easing and a good start to the Q3 US earnings reporting season. The lift in stocks came despite a higher-than-expected US inflation report and disappointment on further Chinese policy stimulus. The …

Global markets Global equities eased back over the past week, reflecting a rise in Middle East tensions and stronger-than-expected US economic data – which, in the latter case, has scaled back near-term US rate-cut expectations. Developments over the past week have tended to be bearish for bond …

Global markets Global equities rose further last week helped by surprise Chinese stimulus moves and the ongoing US “goldilocks” environment. US economic data was reasonably mixed last week though broadly consistent with the soft landing or “goldilocks” scenario. On the negative side, the Conference Board US consumer …

Global markets Global equities rose further last week following a well-anticipated 0.5% rate cut by the US Federal Reserve. Reassuring US labour market data added to the optimism. What was once considered an unlikely prospect – unless US recession risks were intensifying – the 0.5% Fed rate …

Global markets Global equities bounced back solidly last week as benign US economic data heightened expectations for a US rate cut this week. The US Presidential debate was a non-event for markets. As I’ve argued in the past, markets don’t seem to mind which candidate wins – …