Reporting Season August 2020

Get the latest updates on the major stocks in ASX, reporting this August 2020. Companies will be publishing their earning reports for the year which will help traders and investors gauge their take away in terms of share prices.

14 Aug 2020

Markets simmer on better data

Overnight data once again painted a stronger than forecast economic picture. The market reaction was complicated by the relationship between the stronger economic outlook and the diminishing potential for further central bank support measures. Bond sold off, as well as stocks, and the recent rotation away from tech shares and into cyclicals came to an abrupt halt.

14 Aug 2020

Data has a silver lining

A night of encouraging data saw sentiment swing back a pro-growth stance. Although UK GDP fell more than 20% for the quarter, an 8.7% bounce back in June eased concerns. Stronger than expected US inflation and a draw on US crude oil inventories over the week sparked buying in industrial commodities and shares.

13 Aug 2020

High flyers hit

Heavyweight tech stocks and gold tumbled in overnight trading. The trigger was comments from House Majority Leader Mitch McConnell that the negotiations between Democrats and Republicans over an extension of Covid-19 support measures are at a “stalemate”. However bonds also sold off, on anticipation of large issuance to come.

12 Aug 2020

Growth flavoured rotation pressures techs

Simmering Sino/US tension and the inability of the US government to pass Covid-19 support legislation had little impact on market action overnight. Crude oil and base metals rose, and most European and US indices gained, as gold and bonds edged lower. Futures markets point to a mildly positive start to Asia Pacific trading.

11 Aug 2020

Sentiment slips, steady start

Asia Pacific markets are looking at a cautious day’s trading. Stronger than expected non-farm payrolls lifted stocks out of the red on Friday night, but ongoing concerns about Sino-US relations, and the lack of bi-partisan agreement on a US fiscal support package, are weighing on sentiment. The US company reporting season enters its final week tonight.

10 Aug 2020

Bonds, gold soar

Bonds and gold rallied again overnight, setting a new high-tide mark for the yellow metal just below $2,070. A softer US dollar supported commodity prices, although key industrial inputs copper, iron ore and crude oil edged lower. European stocks fell, but US indices managed gains on the back of a handful of tech stocks.

07 Aug 2020

China retail sales unexpectedly slip, as focus shifts to US

European equity markets ran out of steam yesterday, weighed down by the receding prospect of an imminent US stimulus deal,

14 Aug 2020

US stimulus deadlock pares gains for European markets

European stocks have given up some of their gains of the last few days, after US House Speak Nancy Pelosi pushed back on the prospect of a stimulus agreement plan in the near future. With the S&P500 close to record highs

14 Aug 2020

European stocks set for a pause ahead of US jobless claims

US stocks managed to reverse their Tuesday losses, with another strong session yesterday, with the S&P500 coming within touching distance of its previous record closing high.

13 Aug 2020

Rising yields help drive recovery optimism, sterling slides

Markets in Europe have built on their gains from yesterday with another positive session, as optimism over an apparent plateauing of infection rates, creates a momentum all of its own

13 Aug 2020

UK GDP set to post an X-rated drop, ahead of lower European market open

Despite spending most of the day in positive territory US stocks rolled over in the last hour of trading, with the tech heavy Nasdaq leading the way, in the process pulling the S&P500 back from a retest of its previous record highs

12 Aug 2020

US stimulus hopes, Russia vaccine claims, push S&P 500 close to record highs

It’s been an absolutely stellar session for markets in Europe today driven higher by hopes of a new US stimulus plan with President Trump’s recent executive orders being used as a starting point baseline

12 Aug 2020

UK unemployment set to edge higher, despite economic reopenings

US markets picked up from where they left off at the end of last week closing modestly higher yesterday, with the S&P500 pushing ever closer to its previous highs of earlier this year.

11 Aug 2020

Executive decision helps to support positive start to the week

European markets have undergone a fairly subdued session today, with gains constrained by today’s decision by Chinese authorities to retaliate on the US decision to sanction its Hong Kong officials

11 Aug 2020

Europe set for a positive start, despite mixed Asia session

While all the main headlines last week were about the new record highs in the gold price, equity markets also fared rather better than they did from the week previously,

10 Aug 2020