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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
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Switzer Daily
Local & global coronavirus update
21 December 2020
Global share markets
pushed higher again over the last week as the roll out of vaccines and US
stimulus optimism offset uncertainties about the near-term impact from
lockdowns. US shares rose 1.3%, Eurozone shares gained 1.7%, Japanese shares
rose 0.4% and Chinese shares rose 2.3%. While the latest coronavirus outbreak
in Sydney weighed on Australian shares on Friday, the local share market still
rose 0.5% for a seventh weekly gain in a row helped by the positive global lead
and stronger than expected local economic data. Bond yields were flat to up and
oil, metal and iron ore prices rose. The surge in commodity prices along with a