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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
15 February 2021
Global share markets rose again over
the last week helped by good US earnings, declining new coronavirus cases and ongoing
assurance of easy monetary policy and US fiscal stimulus. For the week, US
shares rose 1.2%, Eurozone shares gained 0.8%, Japanese shares rose 2.6% and
Chinese shares rose 5.9%. Australian shares fell -0.6% for the week, though led
by declines in energy, industrial, material and utility stocks not helped by
Friday’s news of yet another snap lockdown – this time in Victoria. Bond yields
generally rose as did commodity prices and the $A, as the $US fell.
Bitcoin rides again
Bitcoin resumed its melt-up over the last week,