Midday Report Wednesday

Reports Section

MARKET AT MIDDAY The ASX 200 is up 51 points to 7391 (+0.7%) as headline inflation comes in lower than expected at 6%, beating forecasts of 6.2%. The reduction in inflation increases the likelihood the RBA will pause rate hikes as the economy shows signs of slowing down. Iron ore miners, BHP Group (BHP) +2.5%, Rio Tinto (RIO) +1.9%, and Fortescue Metals (FMG) +1.7% gaining momentum from…

End Of Day Report Wednesday

Reports Section

ASX 200 closed up 62 points to 7402 (+0.9%), hitting a five-month high, while the Aussie dollar and bond yields fell on softer-then-expected inflation data reducing pressure on the RBA to tighten policy further. Miners continued their rally today on China’s stimulus pledge, sector majors BHP up 2.3%, RIO gained 1.4% and FMG up 2.3%.…

Henry’s Take – Lithium shaken to the Core

Box 2

SUMMARY  Shaken to the Core Love hurts but opportunities will present. CHN takeover talk gets very specific. Ausbiz tomorrow calling. AM UPDATES CXO still under serious pressure on downgrades. Falling safe, no reason to catch it. Infecting the sector. PLS doing ok.No reason to be brave as yet. 2.30 PM Updates Solid bounce. Another narrow-range…

Strategy By Henry – The Poseideon Adventure

Box 1

SUMMARY Big week in US coming. Microsoft the focal point. Then the Fed. The Poseidon adventure update. On the Couch podcast with nickel in focus. Houston, we have a problem. Costs and writedowns. Transitions are tough. Rough road for some. QUICK TAKES It is going to be a big week. X marks the spot. 11…

Midday Report Tuesday

Podcast Section

MARKET AT MIDDAY The ASX 200 is up 19 points to 7325 (+0.3%) driven by gains on Wall Street overnight. The materials sector performing particularly well, bouncing back from a previous sell-off, with BHP Group (BHP) +3.9%, Fortescue Metals (FMG) +4.7%, and Rio Tinto (RIO) +4% all showing gains. Iron ore futures on the Singapore exchange also increased by 0.9% to $US113.65 a tonne. Energy stocks continuing…