Switzer Daily
1 February 2021
Global share markets fell over the past
week hit by a combination of concerns around coronavirus vaccine efficacy and
roll out and delays to extra US stimulus as US retail day traders added to
volatility. For the week US shares fell 3.3%, Eurozone shares lost 3.1%,
Japanese shares fell 3.4% and Chinese shares lost 3.9%. Australian shares fell
reflecting the weak global lead and a fall in iron ore prices with resources,
IT, financial and industrial shares seeing the biggest falls. Bond yields fell
in the US, but were flat in Germany and rose in Australia and Japan. Reflecting
the risk off tone commodity prices and the $US rose, and this weighed on the
Nothing’s gonna keep the irrepressible Shane Oliver from giving you his views on Trump’s exit, Biden’s new presidency and Covid vaccinations, and how all this will impact our share market!