Members Podcast Tuesday
Members Podcast Tuesday
MARKET AT MIDDAY The ASX 200 is up 10 points to 7319 (+0.1%), rebounding from the previous day's losses but off highs, following a positive trend on Wall Street. Mining and technology stocks helping the recovery, with the materials sector surging 0.9%, led by Fortescue Metals (FMG) up 1.1%. Consumer confidence continues to drop despite the Reserve Bank's cash rate pause. James Hardie Industries (JHX)…
ASX 200 closed flat, up 2 points to 7311, losing early morning gains, with mining and financials balancing the market
ASX 200 closed flat, up 2 points to 7311 (+-%), losing early morning gains, with mining and financials balancing the market. Iron ore giants were mixed FMG up 0.4%, BHP down 0.6%, and RIO off 0.4%. Goldman predicts a fall in iron ore prices this year. Iron ore futures in Singapore have fallen 11.6% from…
US markets concluded the week with losses all round as the latest batch of corporate earnings reports and new job statistics dampened market sentiment.
SMALL CAP PORTFOLIO 3.00pm Update Harry Kane slots home a winner in EHE. Bit soggy and low volumes. DEG – Not sure why but happy to take it. LRS – couldn’t hold the 40c plus level. Speculative Stock of the Day: Lithium Australia (LIT) +76% – well and truly lit up on the news…
SUMMARY Last update 11.00am – CBA preview below. No positions as results season begins in earnest. US jobs data remains confusing. Diggers and Dealers starts this week. Everyone who is anyone there. Results week 1. CBA in focus this week. STRATEGY Whilst it is refreshingly liberating to not hold any positions in the STRATEGY ETF…
MARKET AT MIDDAY The ASX 200 drifted down 20 points to 7305 (-0.3%) in a lacklustre start to the week following Wall Street’s Friday sell-off. Early weakness in the healthcare sector, didn't help particularly in Resmed (RMD) -4.3% following recent Q4 results. Technology stocks also getting hit, Block Inc (SQ2) -10.8%, Xero (XRO) -1%. Financials dropping lower after the Reserve Bank of Australia's policy settings…
ASX 200 drifted 16 points lower to 7309 (-0.2%) as iron ore miners and banks wallowed.