Connect with us


Global crash: what happened to the markets?



Tech stocks lead US markets

It’s been a rough 24 hours for global stocks, which have finally declined on the news of rising coronavirus cases around the world, with Europe experiencing their worst session of the year

What’s happening around the world?

In New York, the Dow Jones Industrial Average tumbled more than 2%….major indexes in France and Germany also fell.

London fell 2.6% to below the 7,000 level, led by broadcaster ITV and British Airways-owner

In England, most remaining Covid restrictions have now been lifted.

However, new cases are continuing to rise in some countries fuelled by the Delta variant…

Two of Australia’s largest cities Sydney and Melbourne are still in lcokdown, while South Australia has also imposed tough new restrictions overnight.

So investors have finally started to pay attention and react to the Delta variant spread

James Whelan from VFS Group says its the correction that needed to happen, and it’s just a minor blip.

Christopher Uhl from 10 minute Trading says “we were due for a pull back”

“We finally got the pull back that we were calling for for the last couple of weeks. The market is well overdue with the S&P500 at one point up over 16% on the year,” Uhl told ticker.

The S&P closed near session lows with a 2 per cent selloff.

“There’s a good chance we will see a bounce this week as we saw the exact same thing happen almost a month to the day where the S&P dropped 1.7% on June 18 then rocketed up 5.5% over the next three weeks. As far as technicals go, this is a dangerous position for the market, if we don’t get a reversal tomorrow, there’s a chance that there’s a lot further this could drop.”

Big Markets spill

Big market spill, oil spilt a lot more after OPEC increases production.

This has more of a feel of beginning of Covid’s effect on markets in March 2020. A lot is being attributed to delta variant, but this is not new news over the weekend.

Oil biggest fall since March, Europe worst equity move of 2021. 

Oil now has certainty for its reduced cuts, but we were near 2 year highs, and again markets just don’t know what the delta variant will do to global demand . 

F45 already down 15 per cent from IPO price based on Covid fears after commencing trading on Thursday last week

Robinhood IPO announced, value will be close to $40Bn. Now all that needs to happen is a collaboration between them, Peleton and F45 and tradercise will be the next big thing.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Warner Brothers & Discovery considers splitting up to boost stock value



Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Continue Reading


Investors worldwide grow increasingly optimistic about Trump winning the election



Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from joins to discuss all the latest.

Continue Reading


Netflix expands use of ads despite slow subscriber growth



Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

Continue Reading

Trending Now