Virus volatility saps AMP Capital, wealth

Virus volatility saps AMP Capital, wealth

AMP says virus-driven market volatility has eroded the value of assets under management across both its global investment and wealth portfolios. The finance giant told the ASX on Thursday its Australian wealth funds under management declined 13.5 per cent to $116.3...
Virus volatility saps AMP Capital, wealth

Copper firms as supply fears support price

Copper prices firmed as major miners warned that the coronavirus crisis would cut output and financial markets stabilised after two days of chaos caused by oil price falls. Benchmark copper was up 1.9 per cent at $US5,124.50 a tonne at 1620 GMT, after tumbling almost...
Virus volatility saps AMP Capital, wealth

Crude rebounds from more-than 20-year low

Brent crude oil rebounded from two days of losses and US futures surged bolstered by tentative talk of additional supply cuts from OPEC producers and US inventory builds that were less dire than some expected. Oil trading has been more volatile than ever in recent...
Virus volatility saps AMP Capital, wealth

Gold surges nearly 2% on stimulus hopes

Gold prices jumped as much as 1.9 per cent overnight on expectations of more stimulus measures amid massive economic damage due to restrictions around the world to slow the novel coronavirus. Spot gold was up 1.6 per cent at $US1,711.84 per ounce at 1734 GMT, which...
Virus volatility saps AMP Capital, wealth

Stimulus hopes lift Wall St after oil rout

Wall Street’s main indexes rose on Wednesday on signs of more stimulus to aid small businesses ride out the coronavirus-induced economic slump and a recovery in oil prices. US crude and benchmark Brent prices edged higher after a collapse in the past two days,...