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Commodity slump, China COVID fears drag Australian shares 2% lower
Featured On: Nasdaq
"Markets are concerned that additional lockdowns in China could crimp demand for domestic imports, including iron ore, coal, oil, and gas. Speculations are rife that a slowdown in the Chinese economy could deliver a serious knock-on effect on its trade partners, such as Australia," said Kunal Sawhney, chief executive officer of Kalkine Group.
Read Original Article...Why should you travel in 2022?
Featured On: Global Travel Media
SOURCE: KALKINE MEDIA
Read Original Article...Wall Street Sell-off: Is The Worst Over?
Featured On: IBT
In the near-to-medium term, the Fed's policy stance is very likely to be the primary force shaping market sentiments," says Kunal Sawhney, CEO, Kalkine Group.
Read Original Article...Wall Street Sell-off: Is The Worst Over?
Featured On: IBT
In the near-to-medium term, the Fed's policy stance is very likely to be the primary force shaping market sentiments," says Kunal Sawhney, CEO, Kalkine Group.
Read Original Article...ASX Update: Traders lock in profits before long weekend
Featured On: The Market Herald
“The Australian share market seems to be replicating the trend seen on Wall Street last night, potentially surrendering to rate hike anxiety,” Kunal Sawhney, CEO of research group Kalkine, said.“Financial markets are pricing in the first interest rate hike in over a decade after the federal election. At a time when financial markets are gearing up for the RBA’s inflation-fighting efforts, it is hard to neglect the possibility of an economic contraction emerging from aggressive interest rate hikes,” he added.
Read Original Article...ASX Close: Win run flames out as holiday caution prevails
Featured On: The market herald
“Treasury yields jumped as investors braced for the possibility of an aggressive monetary policy tightening by the Fed as soon as next month. Fed Chairman recently warned of a 50-basis point interest rate hike in May, pulling down the strings of the US stocks. The hawkish remarks from the central bank weighed on initial optimism in the equity market, arising from corporate earnings and strong jobless data,” Kalkine Group CEO Kunal Sawhney said.
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