Switzer Daily
8 March 2021
Share markets saw a bit of a roller
coaster ride over the last week – initially rallying as fears around rising
bond yields briefly eased, then falling after Fed Chair Powell reiterated the
Fed’s dovishness but failed to signal significant concern or action to deal
with rising bond yields only to then see the US share market stage a strong
rebound Friday afternoon, as strong payrolls encouraged dip buying. This left
share markets mixed for the week with US shares up 0.8% and Eurozone shares
gaining 0.5%, but Japanese shares falling -0.4% and Chinese shares falling
-1.4%.
Australian shares also had a good