ASX 200 falls another 94 points to 7588 (-1.2%) as US markets fall ahead of FOMC meeting results. Banks eased with results in focus, NAB flat with the Big Bank Basket down to $201.58 (-0.4%). Insurers slipped, with QBE off 1.2% and SUN down 2.3%, with other financials easing MQG down 0.9%. REITS slipped slightly, GMG…
The ASX 200 has closed up 27 points to 7932. Weak Retail Sales numbers (down 0.2% in April v consensus +0.4%) too the pressure off the RBA next week. Good Chinese PMI numbers helped resources ahead of the Chinese three day holiday from May 1-3 (rest of the week). ASX 200 closed near the high…
SUMMARY SFR finally kicks into life. Raising stop loss again. BPT has a good day while WDS, STO and KAR all fall. Brokers hold target prices. Moving the One Stock Portfolios to Marcus Take to better reflect the longer-term trading we are targeting. Not to say we aren’t prepared to hold stocks in this section for longer…
A host of quarterly production numbers. Good Chinese PMI numbers help resources. Retail sales numbers take the pressure off the RBA.
ASX 200 is up 27, closing on its high – lots of hurdles tonight – Eurozone CPI and GDP, US ECI, Consumer Confidence and House prices, Amazon, AMD, Eli Lilly, McDonalds and Starbucks results.
US equities ended higher overnight, building on last week's gains, in a mostly uneventful day of trading as the market prepares for another big week of earnings reports and the Fed’s rate decision (Hold expected). The Dow ended near best levels, up 146 points (+0.38%). Up 167 points at best and down 24 points at…
A Few Changes in this section. US Market Holds up. The lull before the storm this week. Busy week – Fed Meeting. Jobs numbers. Banks results. Big Tech results. EU CPI. Need a catalyst for the NASDAQ to keep going post Big Tech results. Eliott Wave anyone? Hope not. Banks and Macquarie – Results coming. Not buying yet.
One Stock Portfoliios – Still in cash.
The ASX 200 finished the day up 62 points to 7637 with Real Estate and Tech stocks the star performers. GMG and SCG held onto midday gains. In the Technology sector WTC pushed 1.9% higher after a slow open and MAQ also gained 1.9%. BHP down 0.4% on talk of a higher bid for Anglo American. Other big resources are benefitting from a switch out of BHP – RIO…
Busy week ahead. NASDAQ prints a green brick. Banks – NAB and MQG results this week. Should be good. BHP having to pay up – good for RIO and FMG short term. Not good for BHP. Fed Meeting messaging should remain the same. US Jobs numbers Friday. ADP Wednesday. JOLTS Tuesday. Apple and Amazon to finish off the Big Tech results.
Busy week ahead – Fed Meeting, Jobs Numbers, Bank sector Results, Big Tech Results
