Michele Bullock has been announced as the next governor of the Reserve Bank of Australia (RBA), replacing incumbent Philip Lowe, who has served in the role since 2016. US equities extended recent gains ending up for a fourth-straight session while the dollar and bond yields continue to slide. Dow Jones up 48 points (+0.14%). Dow…
BULLETS The Economic Clock is turning. About 6:30? Ignore the Clock Hand in the graphic. US PPI numbers confirm the CPI inflation trend. Lowest number in nearly three years. “One and stop” is the new FOMC assumption. Tech going harder than the rest of the market on the bond yield drop. The Australian All Tech…
ASX 200 closed up 56 points to 7303 (+0.8%) for a 3.7% gain for the week recovering last week’s losses and then some, as bond yields slid and the Aussie dollar strengthened. Everything was up with the exception of healthcare, weighed down by losses in CSL and RMD, down 1.3% and 1.2%. Tech and miners driving…
Marcus on Parade today as Henry hits the slopes pretending he is slightly more agile than he probably is.
MARKET AT MIDDAY ASX 200 up 105 points at 7241 (+1.5%) at midday, on track to clock its third straight day of gains. Interest rate-sensitive stocks led the gains, with financials, retail, and real estate all up. Bullion prices jumped overnight, helping boost our gold miners’ Northern Star Resources (NST) up 4.2% and Newcrest Mining (NCM) up 4.0%. Iron ore and lithium stocks are also stronger,…
ASX 200 closed up 111 points to 7247 (+1.6%), clocking its third straight session of gains. ASX 200, at best up 121 points, supported by miners and a big rebound in gold as bullion prices shot up. Aussie bond yields follow the US, 2Y down 10bps to 4.03%, 10Y down 7bps to 4.06%, and the…
