Midday Report Monday

Reports Section

MARKET AT MIDDAY The Australian share market, bounced back after a drop last week. The market opened with up 0.5%, driven by the materials and energy sectors. Mining stocks rose by 1%, with gold producers De Grey Mining (DEG) +3.2%, Regis Resources (RRL) +4.1% and Newcrest Mining (NCM) +1.4% experiencing notable gains. Iron ore giants BHP Group (BHP) +0.2% and Fortescue Metals (FMG) +0.1%, also saw positive movement. GQG Partners (GQG),rose 3.1% after…

End Of Day Report Monday

Reports Section

ASX 200 closed down 38 points to 7004 (-0.5%) after a jump of 42 points at the opening bell, rebounding from last week’s sell-off before the market turned lower on weak consumer inflation data from China. Gold outperformed today, tracking an uptick in bullion prices. NST and NCM up 1.8% and 1.1%, respectively. Energy stocks…

Henry Weekend

Box 2

THE WEEK THAT WAS – TRIPLE B Week! Instead of being ‘bewitched, bothered and bewildered’, we finished ‘battered, bloody and bruised’ after a nasty old week on the ASX. ASX 200 down 161 (2.24%) on the week with a nasty 237 point drop in the last three days of the week. So many conflicting pieces…

Marcus – Standing Back

Box 1

Dow Jones down 187 points (-0.55%). It was down 206 points at worst and up 114 at best. NASDAQ down 0.13%. S&P 500 down 0.29%. The US jobs numbers came in a bit better than expected, but inflation concerns remain as wage growth (4.4%) is inconsistent with the Fed's inflation target (2%). The oil price…

Diary Next Week

Box 3

MAIN EVENTS This week's key highlight is the release of the US Consumer Price Index data on Wednesday. In May, US inflation dropped to 4%, marking its lowest level since March 2021. The drop was driven by a fall in energy prices. Core inflation, which excludes the volatile costs of food was 5.3%. Market consensus…

Midday Report Friday

Reports Section

MARKET AT MIDDAY The ASX experienced a broad sell-off, with the ASX 200 dropping 114 points to 7049 (-1.6%) as shares of Block Inc (SQ2) tumbled 5.4%. Concerns over potential interest rate hikes by the US Federal Reserve and Reserve Bank, sparked by hotter-than-expected US jobs data, led to selling across all sectors. Fund managers hit the hardest, with Pinnacle Investment Group (PNI) down…

End Of Day Report Friday

Reports Section

ASX 200 fell 121 points to 7042 (-1.7%). Another soggy end to the week. ASX 200 down 2.2% for the week. Losses across the board from the open, banks hit hard with the Big Bank Basket down to $168.52 (-1.5%) led lower by CBA down 1.7% and MQG down 1.3%. Insurers dropped despite a huge rise in…