Business
How does fiscal stimulus impact ASX share prices? // The Motley Fool Australia
The S&P/ASX 200 Index (ASX: XJO) dipped nearly a percent yesterday morning and slipped again today. Theories about what might be causing this have since began to circulate. The Australian Financial Review, for example, turned to the latest US stimulus drama as a potential culprit for causing some recent waves on the share market.
Will the US stimulus actually affect ASX share prices?
The first US stimulus was approved on 25 March 2020 and came in at a whopping US$2.2 trillion. This is right around the time that the All Ordinaries Index (ASX: XAO) hit the deck, touching its record 2020 low on 23 March.
Since that day, the All Ords has maintained an upward — albeit bumpy — crawl. It’s actually pretty close to where it was when…
-
Noosa News11 hours agoMega-team of heavy horses sets world record at Good Old Days Festival
-
General15 hours agoEnglish springer spaniels Kelly and Milo helping fight dieback in Western Australia
-
General14 hours agoHomicide Squad investigating ‘suspicious’ death of 84yo woman in Sydney suburb of Melonba
-
General4 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final