End Of Day Podcast Monday
ASX 200 drifted 16 points lower to 7309 (-0.2%) as iron ore miners and banks wallowed.
ASX 200 drifted 16 points lower to 7309 (-0.2%) as iron ore miners and banks wallowed.
ASX 200 drifted 16 points lower to 7309 (-0.2%) as iron ore miners and banks wallowed. WBC and ANZ, the worst performers ahead of CBA numbers Wednesday. The Big Bank Basket down to $176.94 (-0.2%). Insurers slid with QBE off 1.8% and SUN dropping 2.6%. MQG slightly firmer up 0.4% and GQG up 4.5% on…
This week’s main event is the US Inflation rate Thursday and CBA results Wednesday.
These are our Weekly charts covering the Markets and Sectors – they give you a feel for the “Tide” and the undercurrents.
US markets closed out the week in the red. Dow Jones down 150 points while the S&P 500 and the NASDAQ fell 0.53% and 0.36%.
Sold both ETFs this week. Cautious. Nothing in the IDEAS PORTFOLIO or ONE STOCK PORTFOLIOs. Sold the CXL holding down from just over 3%.
MARKET AT MIDDAY The ASX 200 is up 3 points to 7315 (+0.1%) experiencing a hesitant start due to mixed performances across the market. Energy gained as Saudi Arabia extends production cuts. Woodside Energy +1.3%, Karoon Energy (KAR) +3.5%. The market has seen a sell off this week triggered by a US credit rating downgrade and a surge in US Treasury yields, impacting the ASX's performance.…
ASX 200 closed up 14 points to 7325 in a late surge. For the week the index dropped 1.1%. Banks held steady despite the ACCC knocking back the ANZ/SUN deal, The Big Bank Basket relatively unchanged at $177.25. MQG was slightly better up 0.8%, but REITs hit hard once again as 10-year yields continued to…