SUMMARY Apathy on the ASX. Still no stimulus really. Where will the rally come from as we head into reporting season? Is that a bear or a US analyst dressed up? Yesterday looked more like Apathy on the ASX. A day of disappointment after a promising start. A fizzer and possibly significant, given the big…
Members Podcast Tuesday
RBA INTEREST RATE DECISION – HOLD The Board decided to keep the cash rate target at 4.10% and the interest rate on Exchange Settlement balances at 4.00%. Interest rates have increased by 4 percentage points since the previous year to balance supply and demand in the economy. Inflation in Australia is declining but still high…
ASX 200 up 40 points to 7451 (+0.5%) as shares rallied slightly further in the afternoon after the RBA announced it was leaving the cash rate unchanged. The Aussie dollar fell 0.8% to 66.66c, and bond yields took a hit. 2Y and 10Y bond yields fell 9bps and 8bps, respectively. Gold miners were golden today thanks to Lowe, NCM up 1.4%, EVN up 2.4% and NST +1.6%. Major iron ore…
ASX 200 up 40 points to 7451 (+0.5%) as shares rallied slightly further in the afternoon after the RBA announced leaving the cash rate unchanged.
The US stock markets experienced gains all round last week, with US Treasury yields weakened after hitting two-week highs following the BoJ decision to tweak its ultra-loose monetary policy. The Dow Jones gained 177 points (+0.5%), ending the week on a win. At its best, the Dow was up by 283 points, while at its…
SUMMARY Friday was overdone. Shake it off. Adding GEAR to the Strategy Portfolio at open. Caution required with China and RBA in focus. FMG is a buy. Quick Takes: Saudi and Qatar expanding investment into miners. Feeling slightly naked after the US rally on Friday. That can be remedied though. The ASX 200 will be…
Members Podcast Monday
MIDDAY REPORT The ASX 200 is up 11 points to 7414 (+0.1%) recovering some losses from Friday’s session, driven by the technology sector. Carsales.com (CAR) +2.4% and Xero (XRO) +0.3%. The positive sentiment was also influenced by gains on Wall Street on Friday, attributed to easing inflationary pressures in the US, which reduced the likelihood of further monetary tightening from the Federal…
ASX 200 closed up 7 points to 7410 (-0.1%) in a narrow day of trading, boosted by a lower US inflation rate.
