Pre-market Podcast Tuesday
Wall Street closed. All eyes on the RBA today – Philip Lowe’s last meeting. China vibe good for resources. Futures down 19 firs thing.
Marcus Take Tuesday – Chinese Property Relief
US Closed. Futures down 19. Europe quiet. The China vibe is improving. Country Garden up 47% in 6 days. Hoping the Resources rally kicks on. The RBA today – Philip Lowe’s last – another reason not to do anything.
Members Podcast Tuesday
The market taking a breath today dropping 35 points ahead of today’s RBA Meeting – Philip Lowe’s last.
End of Day Report Tuesday
The ASX 200 fell 5 points to 7314 (-0.1%), trading lower all day, lacking direction from overseas.
Pre-Market Report Monday
US markets closed out the week mixed on Friday following jobs numbers. Dow up 116 points (+0.33%). S&P 500 up 0.18% and NASDAQ flat.
Pre-market Podcast Monday
SPI Futures up 31 after US jobs numbers were good enough – Not sure the jobs numbers are enough to confirm our best hopes, but they didn’t kill them either. We have survived to thrive.
Henrys Take – LTR bid raised and accepted
Liontown (LTR) have received a revised bid from Albemarle at 300c, up from 250c. The share price was at 262c. The LTR Board intend to unanimously recommend the bid in the absence of a “Superior Proposal”. So that looks like the end game. Presumably the price will settle just below 300c and sit there.
Marcus Monday
Quiet week – US closed tonight. Results season is over. Second-grade economic releases. Lots of ex-dividends. All eyes on the RBA – but there’s nothing to see. Phil Lowe’s last.
Members Podcast Monday
Good start with the ASX 200 up 60 points – better than the Futures, which were up 31 on the back of the OK Jobs Numbers in the US on Friday. FMG and BEN ex-dividend. Solid progress in the resources sector today – iron ore is up, BHP and RIO up in the US on Friday.
End of Day Report Monday
The ASX 200 closed 41 points up to 7319 (+0.%), letting go of earlier gains as economic data dampened the mood.