May 29, 2020
The rally in the US stock market indices came to a halt overnight after the US President announced a press conference on measures to be imposed on China due to the Hong Kong security law. For most of the session, however, US equity prices were on the rise.
Oil and metal prices were up and the Australian dollar appreciated against the greenback. US and Australian government bond yields were little changed.PDF Download PDF
May 28, 2020
Stock indices increased yesterday on hopes that the worst of the recession is over in the advanced economies.
At the same time, US-China tensions continue to mount, weighing on sentiment in commodity markets. However, iron ore prices increased, propped up by lower supply from COVID-hit Brazil.
US and Australian government bond yields were little changed. The Australian dollar depreciated and was the weakest G10 currency overnight.PDF Download PDF
May 27, 2020
Stock market indices rose yesterday, helped by vaccine hopes, easing in containment measures and more signs of stabilisation in economic conditions in the advanced economies.
Long-term government bond yields picked up. Energy commodity prices increased and the commodity currencies, including the Australian dollar, appreciated.
Market sentiment started to deteriorate towards the end of the US session, as the US President warned on a response to the national security legislation for Hong Kong. The ASX 200 opened lower this morning.PDF Download PDF
May 26, 2020
Yesterday was relatively quiet in the global markets, with UK and US investors absent.
In Australia, the ASX 200 rebounded yesterday and opened even higher this morning, while long-term government bond yields continued to fall. The Australian dollar depreciated slightly against the greenback.PDF Download PDF
May 25, 2020
Global market sentiment was mixed towards the end of last week.
The Dow Jones decreased and the S&P 500 closed a little higher. Long-term government bond yields fell in some advanced economies, including Australia. The Australian dollar depreciated against the major currencies.PDF Download PDF
May 22, 2020
US and European stock indices fell again overnight on fears over the re-escalation of US-China tensions.
Government bond yields were a little higher in the US, yet fell across other advanced economies, including Australia. The Australian dollar depreciated slightly against the major currencies.PDF Download PDF