Midday Report Thursday

Reports Section

MARKET AT MIDDAY The ASX 200 is down 33 points to 7321 (-0.5%), getting hit for a second day, off the lows on trade numbers. More muted reaction to the drop on Wall Street due to Fitch's recent credit rating downgrade of the US and rising Treasury yields, which negatively affected sentiment. The tech sector leading the downturn…

End Of Day Report Thursday

Reports Section

ASX 200 closed down 43 points to 7312 (-0.6%), sliding for a second straight session, tracking losses on Wall Street overnight. Tech led the laggards today, XRO -2.7%, REA -0.8% SQ2 -1.9%. All-Tech index down 1.0%. Iron ore miners slipped, tracking the softening price in Asia. BHP down 1.2%, RIO off 1.7% and FMG down…

Pre-Market Report Wednesday

Reports Section

Wall Street closed mostly lower overnight in an uneventful session as the latest slew of corporate results came in mixed. The Dow Jones rose 71 points (+0.20%). Up 120 at best. Down 33 at worst. Meanwhile, the S&P 500 and NASDAQ dipped by 0.27% and 0.43%, respectively. US treasury yields rose, with the 30Y paper…

Henry’s Take – One Theory Blown

Box 2

SUMMARY Copper stocks back in focus on AIS and 29M. LRS keeps on going. Still not sure why! Lords of Dogtown disappoint. That theory blown. Ausbiz Investment Committee episode drops. Ask the Analyst Friday 11th. 3.00pm Updates Nasty day again. The Fitch ratings downgrade has really soured sentiment. Banks are on the nose. The big…

Strategy By Henry – Hoist the Sails!

Box 1

SUMMARY  RBA done? Lowe has one more meeting to go. CCP shows no signs of stress here. ASX still undecided on path. Reporting Season Preview. Volatility can be opportunity. Who wants a T-Shirt? No change to Portfolio. S&P 500 still showing overbought. August can be one of the disappointing months. ASX 200 struggling for sustained…

Midday Report Wednesday

Reports Section

ECONOMIC & OTHER NEWS In July 2023, the Ai Group Australian Industry Index fell to -14.7, continuing its contraction for a 15th month. Employment, new orders, and activity/sales declined, with manufacturing and construction sectors experiencing significant downturns. The Australian dollar declined 1.5% to 66.14 US cents following the Reserve Bank's decision to maintain the cash…