Henrys Take – LTR bid raised and accepted

Box 3

Liontown (LTR) have received a revised bid from Albemarle at 300c, up from 250c. The share price was at 262c. The LTR Board intend to unanimously recommend the bid in the absence of a “Superior Proposal”. So that looks like the end game. Presumably the price will settle just below 300c and sit there.

Marcus Monday

Box 1

Quiet week – US closed tonight. Results season is over. Second-grade economic releases. Lots of ex-dividends. All eyes on the RBA – but there’s nothing to see. Phil Lowe’s last.

Members Podcast Monday

Podcast Section

Good start with the ASX 200 up 60 points – better than the Futures, which were up 31 on the back of the OK Jobs Numbers in the US on Friday. FMG and BEN ex-dividend. Solid progress in the resources sector today – iron ore is up, BHP and RIO up in the US on Friday.

Marcus Weekend – Survived to Thrive

Box 1

JOBS NUMBERS – Good enough – Not sure the jobs numbers are enough to confirm our best hopes, but they didn't kill them either. We have survived to thrive. US unemployment rate spikes to 3.8% highest since February 2022. Nonfarm payrolls increased 187,000 in August v 157,000 in July (significantly revised lower) and consensus of…

Pre-Market Report Friday

Reports Section

Wall Street finished mixed overnight. The Dow Jones finished 168 points lower (-0.48%). Dow at best up 180 points. Dow at worst down 170 points. S&P 500 snapped a four-day winning streak, down 0.16%, while the NASDAQ rose 0.11% up for its fifth straight session. All three major US indices were down in August, Dow…

Pre-market Podcast

Podcast Section

AFR – ASX to drop, Wall Street mixed as US jobs data awaited. US yields dip after inflation, jobless data; market awaits payrolls.
Fed’s Bostic says U.S. interest rates are high enough. Core PCE price index rose 0.2% v +0.2% last month; up 4.2% v 4.1% YonY. Dollar rises.
July US consumer spending (two thirds of GDP) accelerates 0.8% in July. Most in six months.
Reduced risk of recession but spending unsustainable.