Here’s a general gist of the headlines over the past week or two… Global capital is flowing out of emerging markets. Bond prices in this sector are falling (meaning yields are rising) along with currencies and equity markets. Argentina has had to jack interest rates up to 40% to protect its currency, and then they still had to bring in the IMF for a bailout package.
Afterpay Touch’s [ASX: APT] share price has risen by over 9% since opening this morning.
ANZ shares were down by 2.7% early this morning. This was the worst performance out of the Big Four banks. Though last week, conversely, ANZ was the best.
Can President Trump flout the law with the flourish of a Twitter finger? Legally, the President shouldn’t be able to do a thing. Who knows though, he appears to do whatever he wants, with little regard for the consequences. At least China’s President Xi is an out-and-out dictator.
AMP along with the big four banks and other financial advice groups, have all been under fire due to their distribution of unethical financial advice to its clients.
The Aussie market is ever so close to creeping back above its high this year. In early February, you saw markets all over the world slip thanks to spiking bond yield. Since, we’ve seen escalating privacy concerns, a trade spat and central bankers change their sentiment. It’s all aided volatility.
REA Group Ltd [ASX:REA] is a multinational digital advertising business specialising in property. Founded in 1995, REA operates the residential and commercial property websites, realestate.com.au and realcommercial.com.au. REA’s share price is up 5.26% for the day.
The most recent quarterly report for South32 [ASX:S32] has displayed some positive figures regarding resource production. Today their shares grew by 1.15%. They have been growing consistently for a year alongside other large mining businesses.
One of the best things about system trading is back-testing. This is where you use historical data to ‘road test’ a strategy. You can learn more in one afternoon than in a year of live trading. But it must be done properly…
Saturday, was a big day for investors all over the world. It marked another Berkshire Hathaway Annual General Meeting (AGM). Thousands of Berkshire shareholders flooded into the CenturyLink Centre just to see two old guys talk — Warren Buffett and Charlie Munger.