Not the best list of headlines today but the market doesn’t care, and that’s a bit of a theme – see below. Some of the headlines: US corporate earnings season unlikely to fuel fresh gains in the stock market. S&P 500 braces for profit warnings. Rate fears accelerate. Fed’s QT program to kick in in coming months. Eurozone sentiment weakens for a fifth consecutive month. Deflationary spiral risk in China. This comes after the Chinese CPI number of 0% yesterday and PPI numbers showing the biggest decline since 2015. It is a reflection of the weak Chinese economy which doesn’t…

Stocks fell on Friday, and finished lower for the week, as Wall Street struggled to shake off fears that the Federal Reserve may start hiking rates again later this month.

Members Podcast Monday 10th July

ASX 200 closed down 38 points to 7004 (-0.5%) after a jump of 42 points at the opening bell.

US markets closed sharply lower overnight in a broad sell-off after fresh jobs data indicated a strong labour market boosting yields and fanned fears that the Fed will be more aggressive in hiking rates. The Dow Jones fell 366 points (-1.07). Dow at worst down 517 points. S&P 500 posted its biggest daily drop since…

US markets closed sharply lower overnight in a broad sell-off after fresh jobs data indicated a strong labor market.

ASX 200 fell 121 points to 7042 (-1.7%). Another soggy end to the week. ASX 200 down 2.2% for the week.