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Showing 121 - 130 of 2971 results for "Overnight"

A coronavirus-bitten cat bounce?

BENJAMIN ONG  |  TUESDAY, 7 APR 2020
... market investors everywhere - from New York to Rio and ol' London town - underscored by the surge on Wall Street overnight. All major US benchmark equity indices rocketed: DJIA by 7.7%; S&P 500 by 7.0%, Nasdaq composite by 7.3%; Russell 2000 by 8.2%. ...

Market recovery or dead cat bounce?

ALLY SELBY  |  TUESDAY, 31 MAR 2020
... witnessing a market recovery, or just a dead cat bounce? Today, the Aussie bourse followed a strong session in the US overnight, rising 2.7% in the first hour of trade. Despite cases of COVID-19 in the US lifting to 161,807, the Dow Jones Industrial ...

Chief economist update: Honey, COVID-19 got me sacked

BENJAMIN ONG  |  FRIDAY, 27 MAR 2020
... 1967". This is around a million more than the US Labor Department's official estimate of 3.3 million - released overnight - but still "dwarf every other week in history... back to 1967". Below is the updated chart from Factset: In as much as initial ...

Dow skyrockets in two-day winning streak

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... trading, on hopes of a $3.4 trillion COVID-19 stimulus package. Other major US indexes posted mixed gains and losses overnight, with the S&P 500 rising a further 1.2% and the Nasdaq Composite falling 0.5%. In the past two days, the Dow has lifted 14% ...

Times of turmoil create opportunities: deVere

ALLY SELBY  |  WEDNESDAY, 25 MAR 2020
With global stock markets rallying overnight, the chief executive of an independent financial advisory firm has pointed to key sectors that are benefiting from the spreading COVID-19 pandemic. deVere Group founder and chief executive Nigel Green said ...

Chief economist update: Cash splash

BENJAMIN ONG  |  FRIDAY, 20 MAR 2020
"Whatever it takes and for however long it takes!" This is the collective battle cry of governments and central banks the world over as they try to calm nerves and get ahead of the coronavirus that's paralysed economic activity. Fiscal and monetary ...

JP Morgan commits $86m to COVID-19 crisis

ALLY SELBY  |  THURSDAY, 19 MAR 2020
... the spreading COVID-19 pandemic. It comes as the World Health Organisation reports 786 new coronavirus-related deaths overnight, bringing the total death count to 7807. Currently, there are 191,127 people infected by the virus. Australia's death ...

Chief economist update: Australian recession here we come

BENJAMIN ONG  |  WEDNESDAY, 18 MAR 2020
... depreciation in times of trouble - the AFR reports: "The Australian dollar has fallen to its lowest level in 17-years overnight, dropping below US60c for the first time since 2003". But this time is different. The equilibrium-setting mechanism offered ...

Wall Street tumbles, ASX holds ground

ELIZA BAVIN  |  TUESDAY, 17 MAR 2020
... been taking a battering since the coronavirus outbreak left the shores of China, with the S&P 500 falling another 12% overnight. A sharp cut in interest rates, stricter quarantine enforcements around the globe and a change of tone from US President Donald ...

US turns to QE, RBA to follow

ELIZA BAVIN  |  MONDAY, 16 MAR 2020
The RBA has signaled it will begin quantitative easing after the US Federal Reserve implemented QE measures overnight and slashed its interest rate. The Fed's QE measures include a US$700 billion bond buying program, as part of its effort to offset ...