Daily Market Update

The ASX 200 is likely to open slightly lower on Tuesday according to the Sydney Futures Exchange, following mixed results from global markets overnight.

Markets around the world finished last week on yet another strong note with the USA’s S&P 500 up 1.7% on Friday and Australia’s ASX 200 remaining weaker but improving 0.5%.

The local sharemarket is tipped to open flat on Friday morning, according to SPI futures. 

Global markets failed to overcome a chorus of politicians calling for a loosening of social distancing and shutdown measures.

The ASX 200 once again pushing throughout the day, to finish up 1.6% and the S&P 500 similarly strong, finishing 0.9% higher.

Australian share market is expected to open higher on Tuesday with the SPI futures pointing to a positive open. Here’s what’s making headlines. 

The final week of April left investors around the world with a conundrum: to follow markets, or the economic data?

ASX shares opened lower on Friday with the All Ords index down 3% before midday on Friday, following overseas markets downward. 

The third quarter capped the best year-to-date return for the Bloomberg Barclays US Aggregate Bond Index since the first nine months of 2002. Although bond prices may continue to advance, we anticipate lower returns may accompany a rise in volatility in coming quarters.

Last week’s wellbeing budget in New Zealand was based on the Livings Standards Framework (LSF), a set of wellbeing measures that include cultural identity, environment, income and consumption, and social connections. But these provide no overall index of the nation’s performance.