End Of Day Podcast Wednesday
The market closed down 96 to 7355 (-1.3%) in a broad market sell-off, losing yesterday’s gains and as heavyweight banking and mining stocks weighed.
The market closed down 96 to 7355 (-1.3%) in a broad market sell-off, losing yesterday’s gains and as heavyweight banking and mining stocks weighed.
US equities finished in the green overnight on July’s last trading day, closing near best levels. Dow Jones up 100 points (+0.28%). Up 108 points at best. Down 29 points at worst. S&P 500 and NASDAQ added 0.15% and 0.21%, respectively. All three major indexes ended with gains for the month, Dow up 3.32%, and…
SUMMARY As promised a look at four second-tier copper stocks. LRS remains firm in the face of the lithium sell-off. Takeover potential maybe? A11 Research from Macquarie. 2.45PM Updates RBA leaves rates unchanged. LRS trying to push through 40c. PMT doing well. Happy to have stuck with my view from the reserve upgrade. Lucky with…
US equities finished in the green overnight on July’s last trading day, closing near best levels.
SUMMARY Apathy on the ASX. Still no stimulus really. Where will the rally come from as we head into reporting season? Is that a bear or a US analyst dressed up? Yesterday looked more like Apathy on the ASX. A day of disappointment after a promising start. A fizzer and possibly significant, given the big…
RBA INTEREST RATE DECISION – HOLD The Board decided to keep the cash rate target at 4.10% and the interest rate on Exchange Settlement balances at 4.00%. Interest rates have increased by 4 percentage points since the previous year to balance supply and demand in the economy. Inflation in Australia is declining but still high…
ASX 200 up 40 points to 7451 (+0.5%) as shares rallied slightly further in the afternoon after the RBA announced it was leaving the cash rate unchanged. The Aussie dollar fell 0.8% to 66.66c, and bond yields took a hit. 2Y and 10Y bond yields fell 9bps and 8bps, respectively. Gold miners were golden today thanks to Lowe, NCM up 1.4%, EVN up 2.4% and NST +1.6%. Major iron ore…
ASX 200 up 40 points to 7451 (+0.5%) as shares rallied slightly further in the afternoon after the RBA announced leaving the cash rate unchanged.
ASX 200 closed up 7 points to 7410 (-0.1%) in a narrow day of trading, boosted by a lower US inflation rate.