GMT Markets in Melbourne, Victoria, Australia | Shopping & retail

GMT Markets

Locality: Melbourne, Victoria, Australia

Phone: +61 3 7022 9688

Address: 493 St Kilda Road 3004 Melbourne, VIC, Australia

Website: https://gmtmarkets.com.au

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22.01.2022 Good morning! Today's market update: - Wall Street's main indexes rebounded on Wednesday, after robust economic data from China, easing tensions in Hong Kong and British MPs approval of a law to delay Brexit provided relief to investors worried about global growth. - Gold has jumped to a fresh six-year high as focus returned to economic woes with 10-year US Treasury yields slumping to a three-year low.... - Oil prices have risen by more than 4.0 per cent, boosted by a wider market pickup on positive news from China, after three days of losses due to fears about a weakening global economy.

22.01.2022 Happy Friday! Today's market update: - Copper and other industrial metals prices fell overnight as the United States and China exchanged threats in their trade dispute and the yuan slumped to an 11-year low against the US dollar. - Gold inched lower overnight after comments from US Federal Reserve officials dampened hopes for additional monetary easing, although investors awaited further clarity from the central bank chief at the Jackson Hole symposium.... - Oil prices weakened overnight on worries about the global economy and as equity markets were on edge over the uncertain outlook for US interest rate cuts.

22.01.2022 Good morning! Today's market update: - US stocks have edged lower as a drop in oil prices weighed on the energy sector while investors stayed away from making big bets ahead of the Federal Reserve's two-day policy meeting, where it is widely expected to cut interest rates. - Gold rose overnight, propped up by expectations for an interest rate cut by the US Federal Reserve, but traded within a relatively narrow range as investors awaited further clarity on the central bank's s...tance on future monetary policy. - Oil prices tumbled about 6.0 per cent overnight after Saudi Arabia's energy minister said the country has managed to restore oil supplies to where they stood before weekend attacks on its facilities shut 5.0 per cent of global oil output.

18.01.2022 Good morning! Today's market update: - Nickel prices hit five-year highs overnight due to worries about shortages as top producer Indonesia said it would stop ore exports from January 2020, two years earlier than initially flagged. - Oil prices weakened overnight after new import tariffs imposed by the United States and China came into force, raising concerns about a further hit to global economic growth and demand for crude.... - Gold rose slightly overnight after the United States and China imposed new tariffs, as expected, on each others' goods but a firmer US dollar limited gains.

18.01.2022 Good morning! Today's market update: - Wall Street has ended the week with a lacklustre session as investors remained cautious ahead of a holiday weekend in which a fresh round of US tariffs on Chinese imports are due to be levied. - Gold prices fell on Friday on a slight recovery in equities markets and Treasury yields but was on track for a fourth-straight monthly gain as fears of a global recession and uncertainty on US-China trade relations drove investors to safe havens.... - Oil futures fell on Friday, with US crude down nearly 3.0 per cent ahead of a hurricane near the Florida coast that could dampen demand but prices were still headed for the biggest weekly increase since early July, boosted by an easing of US-China trade rhetoric.

16.01.2022 Good morning! Today's market update: - Nickel prices hit their highest in a week overnight as speculators bought on fears of shortages from major producer Indonesia while at least half of London Metal Exchange inventories were under the control of one party. - Gold eased overnight as the US dollar strengthened and as investors locked in profit following a more than 1.0 per cent jump in the last session but uncertainty over the US-China trade dispute and the global economy kep...t safe-haven bullion near a multi-year peak. - Oil prices rose nearly 2.0 per cent overnight after a larger-than-expected decline in US crude stockpiles helped ease worries about weakening oil demand caused by the US-Chinese trade conflict.

12.01.2022 Good morning! Today's market update: - The S&P 500 and Dow industrials have closed slightly higher as investors digested a mixed US jobs report and bet on a Federal Reserve interest rate cut this month, while China's stimulus plan helped ease some concerns around global growth. - Gold has fallen one per cent as upbeat remarks from Federal Reserve Chair Jerome Powell and improved risk appetite offset a weaker-than-expected US nonfarm payrolls report.... - Oil prices have risen above $US61 a barrel after the head of the US Federal Reserve said the central bank will act "as appropriate" to sustain an economic expansion in the world's biggest economy that has been pressured by uncertainty over global trade.

11.01.2022 Good morning! Today's market update: - Wall Street has tumbled after the US-China trade war escalated in dramatic fashion, with President Donald Trump demanding American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory measures. - Gold surged 2.0 per cent on Friday as investors interpreted US Federal Reserve Chair Jerome Powell's speech as leaning toward a dovish monetary policy stance and US President Donald Trump'...s latest comments exacerbated trade tensions with China. - Oil prices fell on Friday after the Chinese government unveiled retaliatory tariffs against about $US75 billion worth of US goods including crude oil, another escalation of a protracted trade dispute between the world's two largest economies.

10.01.2022 Good morning! Today's market update: - Copper prices have dipped after a sharp fall in Chinese auto sales underlined fears of weaker demand from the world's largest consumer of metals. - Gold has risen on expectations of monetary policy easing by top central banks while global growth risks continue to linger, although improved appetite for riskier assets capped bullion's gains and kept it near a four-week low.... - Oil prices have tumbled more than 2.0 per cent after a report that US President Donald Trump weighed easing sanctions on Iran, which could boost global crude supply at a time of lingering worries about global energy demand.

10.01.2022 Good morning! Today's market update: -US President Donald Trump has lashed out on Twitter to defend his economic policies after a crazy recession warning light flashed red, sparking a bloodbath on Wall Street as investors brace for a global crash. - The yield on the closely watched 10-year Treasury fell so low Wednesday that, for the first time since 2007, it briefly crossed a threshold that has correctly predicted many past recessions. Weak economic data from Germany and C...hina added to recent signals of a global slowdown. - That spooked investors, who responded by dumping stocks, sending the Dow Jones Industrial Average into an 800-point skid, its biggest drop of the year and fourth-largest daily point drop on record.

09.01.2022 Happy Friday! Today's market update: - US stocks have rallied more than one per cent, buoyed by gains in the trade-sensitive technology and industrial sectors, as China expressed hope on trade negotiations, easing concerns that rising tensions could stoke a recession. - Gold fell overnight as the US dollar rose and stock markets gained confidence with the latest positive development in the US-China trade deal but concerns over decelerating global economy kept prices hemmed ne...ar a multi-year peak. - US oil futures rose 1.7 per cent overnight, lifted by a deep draw on US crude inventories, especially at the benchmark's delivery hub due to increased demand with the start-up of two new West Texas pipelines.

08.01.2022 Happy Friday! Today's market update: - The S&P 500 and the Dow have gained ground in a late rally as upbeat retail sales data offset recessionary fears amid the simmering US-China trade tensions. - Gold prices rose overnight as lingering fears about a global economic downturn and lack of clarity on the US-China trade front kept the safe haven precious metal comfortably above the key $US1,500 per ounce mark.... - Oil prices fell more than 1.0 per cent overnight, extending the previous session's 3.0 per cent drop, pressured by mounting recession concerns and China's threat to impose counter-measures in retaliation for the latest US tariffs on $US300 billion of Chinese goods.

08.01.2022 Good morning! Today's market update: - US stocks have surged on growing hopes that major economies would act to stymie the slowing economic effects of escalating global trade tensions while technology stocks rose, led by a nearly 3 per cent gain in Apple's shares. - Gold prices fell more than 1.0 per cent overnight as concerns eased that major economies could tip into recession, boosting investors' affinity for risk and detracting from bullion's safe-haven allure.... - Oil prices gained roughly 2.0 per cent overnight after a weekend attack on a Saudi oil facility by Yemen's Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a global slowdown.

07.01.2022 Good morning all! Today's market update: - US stocks have fallen as investors worried about global growth prospects after data showed US factory activity shrank in August for the first time since 2016 and the US and China imposed new tariffs on each other over the weekend. - Oil prices fell overnight, with US crude futures down 2.0 per cent after manufacturing data raised concerns about a weakening global economy while the US-China trade dispute continued to drag on investor... sentiment. - Gold rose more than 1.0 per cent overnight after weak manufacturing data from the United States reinforced fears of an economic downturn while uncertainties over US-China trade ties and Brexit further boosted bullion's safe-haven appeal.

05.01.2022 Good morning! Today's market update: - Copper hit its highest level in more than a month on Friday as investors hoped an easing of trade tensions between the United States and China might eventually boost metals demand. - Gold prices eased on Friday, heading for a third straight weekly fall, as positive US retail sales data and hopes for a thaw in China-US trade tensions lifted equities and yields to multi-week highs.... - Oil prices edged lower on Friday and posted weekly losses as concerns about slower global economic growth outweighed hints of progress in the US-China trade dispute but an attack on Saudi Arabia's oil facilities on Saturday was expected to result in increased prices.

04.01.2022 Good morning! Today's market update: - Credit rating agency Moody's s changed its outlook on Hong Kong's rating to negative from stable, reflecting what it called the rising risk of "an erosion in the strength of Hong Kong's institutions" amid the city's ongoing protests. - Gold gained 1.0 per cent overnight after attacks on oil facilities in Saudi Arabia fuelled concerns of a further escalation in Middle East tensions and pushed investors toward safe-haven assets.... - Oil ended nearly 15 per cent higher overnight, with Brent logging its biggest jump in more than 30 years and a record trading volumes, after an attack on Saudi Arabian crude facilities cut the kingdom's production in half and intensified concerns of retaliation in the Middle East.

04.01.2022 Good morning all! Today's market update: -Copper prices edged higher overnight ahead of the release of US Federal Reserve meeting minutes as the US-China trade conflict continued to pose a threat to metals demand. - Gold edged lower overnight as equities gained and investors awaited minutes from the US Federal Reserve's July meeting for clues on future interest rate cuts.... - Oil futures steadied overnight after US government data showed a drawdown in domestic crude stocks but rises in refined product inventories, while lingering worries about the global economy weighed on the market.

04.01.2022 Good morning! Today's market update: - US stocks have eased after three sessions of strong gains, weighed by declines in financial companies, while better-than-expected results propped up retailer Home Depot. - Gold rose overnight to firm above $US1,500, recovering from a more than 1.0 per cent slide in the previous session as US yields fell on increasing expectations for looser monetary policy to address fears of a global downturn.... - Oil prices steadied overnight on optimism US-China trade tensions will ease and hopes major economies will take stimulus measures to ward off a possible economic slowdown after falling earlier on concerns over future demand.

02.01.2022 Good morning all, today's market update: - Wall Street's main indexes have risen for the second straight session, supported by broad-based gains as investors pinned their hopes on a resolution to the protracted US-China trade dispute despite mixed signals from both sides. - Gold rose more than 1.0 per cent overnight as fears of a possible recession gripped investors following disappointing US economic data and the ongoing US-China trade dispute while silver breached $US18 for... the first time in nearly two years. - Oil prices rose in volatile trade overnight supported by expectations of a drawdown in US crude inventories, though gains were capped by worries about a recession and uncertainty over a China-US trade deal.

02.01.2022 Good morning! Happy Friday! Today's market update: - Australian shares have followed Wall Street higher amid renewed trade optimism and upbeat US economic data.... - Gold has slumped more than 2.0 per cent and silver fell over 4.0 per cent as stronger-than-expected US economic data and hopes of a thaw in the US-China trade war boosted Treasury yields and soothed fears of an economic slowdown, driving riskier assets higher. Oil prices are little changed as support from a sharp drawdown in US crude inventories was countered by fears of slowing global demand growth amid doubts over resolving the US-China trade feud.

01.01.2022 Good morning! Today's market update: - US stocks have rebounded as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week. - Oil prices rebounded from a two-day drop on Friday alongside share markets as expectations of further stimulus by central banks helped to ease recession concerns.... - Gold fell on Friday as stocks and the US dollar firmed but fears of a slowing global economy and lack of clarity on the US-China trade conflict kept bullion on track for a third straight weekly gain.