Latest Market News

US mortgage rates surge to 5.87% their biggest move since 1987

17 Jun 2022 - Major indexes have notched big declines in 2022 as high inflation, rising interest rates and growing concerns about corporate profits and economic growth dent investors appetite for risk. The Dow is now down 18% this year, while the S&P 500 is down 23% and the tech-heavy Nasdaq has fallen 32%.

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No safe havens in overnight markets

14 Jun 2022 - ASX futures pointing to a 4 per cent fall today post dramatic falls across US markets over the last couple of sessions. The major issue is that global central banks have been behind the curve in terms of how they are to manage red hot inflation throughout the global economy. The expectation now is for large sharp rate rises to head off record inflationary data across all sectors of the economy.

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