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.
ASX 200 closed up 7 points to 7410 (-0.1%) in a narrow day of trading, boosted by a lower US inflation rate. Resources mixed after China’s manufacturing activity shrank for a fourth month this year. Iron ore miners slightly higher S32 up 0.8%, BHP up 0.5% and RIO up 0.4%. Energy continuing its bull run…
All of last week’s Members Podcasts in one place
These are our Weekly charts covering the Markets and Sectors – they give you a feel for the “Tide” and the undercurrents.
This week’s main event is the RBA Interest rate decision on Tuesday and US jobs data Friday.
These tables show you what happened in the Market last week – it includes ETF performance as well.
Dow Jones up 177 points (+0.50%). Up 283 points at best. S&P 500 up 0.99%. NASDAQ up 1.9%. Dow Jones up 0.66% on the week.
