20 May 2022 - Wall St closed lower as global indexes posted declines on mounting recession concerns. Shares in China bucked the trend as hopes continue to grow on the easing of lockdown restrictions in June.
19 May 2022 - Wall St had a market meltdown as several retail giants posted margin pressure from rising fuel, freight costs, and soaring inflation. Westpac trades ex-dividend today.
18 May 2022 - Wall St roared as investors felt optimism on the news from China with no new Covid-19 cases for three days in Shanghai and several economic figures, indicating the strength of the company. Travel stocks took-off, banks stock rallied, riding on the coattails of Berkshire's latest move.
17 May 2022 - Wall St lacked conviction after learning that China's extended lockdowns could ease, sending oil prices higher while they digested a raft of economic print, including the April retail sales data. Investors find it difficult to shake of recession fears.
16 May 2022 - Oversold conditions attracted dip buyers and investors searching for beaten down stocks after 5 brutal days, following the Fed's decision the prior week. Deep dive of the YTD performance of the ASX and why amid a rising treasury yield environment. What to keep an eye out for the week.
13 May 2022 - Wall St closed mixed in another volatile session, following hot inflation figures in April for both consumers and producers. Deep dive on the Crypto collapse, featuring TerraUSD, Avalanche, Solana, Bitcoin. Janus Henderson (ASX:JHG) trades ex-dividend today.
12 May 2022 - US stocks fell across the board as investors assessed persistent inflation after the consumer price Index rose by an annual rate of 8.3 per cent. Some analysts see the data as a sign that the Fed is behind the curve in curbing inflation. CBA has delivered a $2.3b March quarter profit but warns of margin pressure. NAB has expressed interest in the banking arm of Suncorp.
11 May 2022 - Wall St closed mixed lifted by information tech and M&A news in the biotech sector as dip buyers emerge ahead of the next CPI print. Shanghai stocks bucked the trend after the PBoC vowed to support the economy. NAB trades ex-div today.
10 May 2022 - Global benchmarks continue to tumble with several cross currents weighing on investor's minds. After China's President on Friday recommitted to the zero-Covid19 strategy, the prospect of extended lockdowns sparked further fears of a global economic slowdown. AUD fell over 1%, now 69.6 US cents. Commodity prices, including iron ore and oil tumble on demand concerns.
09 May 2022 - Global sell-off extended on Friday despite a strong April jobs report. Japan’s Nikkei bucked the trend, rallying after coming back from a holiday. The US and its G7 allies impose a new round of sanctions in a special virtual meeting on Russia a day before president Vladimir Putin marks the anniversary of the end of World War II. ANZ Bank (ASX:ANZ) trades ex-div today.
