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Showing 61 - 70 of 2917 results for "Overnight"

Markets react as antiviral drug disappoints

ALLY SELBY  |  FRIDAY, 24 APR 2020
News that a highly anticipated antiviral drug hoped to treat COVID-19 had flopped in human trials saw markets fall overnight. Originally reported by the Financial Times, the publisher said Gilead Sciences antiviral drug remdesivir did not reduce the ...

The domino effect: Oil falls, markets follow

ALLY SELBY  |  TUESDAY, 21 APR 2020
Despite all the jaw dropping falls that investors have endured during the COVID-19 crisis, the US oil price crash overnight may just be the worst. The price of West Texas Intermediate crude oil for May plunged more than 190% during trade on Monday ...

Global markets bleed red

ALLY SELBY  |  THURSDAY, 16 APR 2020
... the spreading coronavirus, with Citibank, Bank of America, JP Morgan and Wells Fargo all recording share price losses overnight (5.64%, 6.49%, 4.93% and 5.77% respectively). As earnings season reveals the true damage of COVID-19, Goldman Sachs disclosed ...

Will COVID-19 kill the balanced option?

ELIZABETH MCARTHUR  |  THURSDAY, 9 APR 2020
... the thing that made you successful is often what comes back to bite you and then another factor becomes the new hero overnight." APRA has attempted to cut through the confusion around risk with its Standard Risk Measure (SRM). Although, according to ...

Wall Street surges as Sanders drops out, Wuhan reopens

ALLY SELBY  |  THURSDAY, 9 APR 2020
News that Wuhan, the epicentre of the COVID-19 pandemic, has now opened for business saw Wall Street surge overnight, with the S&P 500 once again entering bull market territory. From its March 23 lows, the S&P 500 has surged 23%, signifying the end ...

Wall Street rally runs out of steam

ALLY SELBY  |  WEDNESDAY, 8 APR 2020
... York City alone, with 398,185 confirmed cases of the virus in the US. Although US markets have suffered slight falls overnight, they have rallied about 20% since their March 23 lows. Currently, as expected, the S&P/ASX 200 is following moves in the US ...

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% ...