close
Stock & Shares

Stocks bounce, Aussie dollar hit by ratings blow

Stocks

Asian share markets crept ahead on Thursday after upbeat U.S. economic data took some of the sting out of the latest Brexit scare, while the Australian dollar briefly dipped as the country’s triple A credit rating came under threat.

The European markets were also seen starting firmer, with the FTSE .FTSE and CAC .FCHI seen up around 1 per cent and the DAX .GDAXI rising 0.8 per cent. U.S. S&P futures ESc1 were little changed.

The agency had warned it may act after inconclusive elections over the weekend suggested the next government would have a hard time getting reforms through to law.

Likewise, Australian bond futures barely budged YTCc1 as 10-year yields of 1.88 per cent make the debt highly attractive compared to the negative yields of some of its peers.

Risk Warning:

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Paul

The author Paul