Trading Section

SUMMARY BOE recovers from another soft open to finish in the green. BHP chart getting worse by the day. Close to oversold. MQG hovering near highs. Not buying. Japan and India ETFs print weekly sell signals. SUN hits a 52-week high. WDS hits a 52-week low despite the oil price fairly steady. OBSERVATIONS BOE recovers…

End of Day Report

The ASX 200 has ended the day up 17 points (0.22%) in mixed trade. US inflation data has filtered through to our market with Consumer Discretionary stocks leading the gains along with Real Estate and Financials. ALL and JBH rose 2.1% and 1.4%. GMG and SCG both finished up 2.5% and 0.9% despite bond yields…

Pre-Market Report – US CPI Inline with Expectations

US stocks rallied overnight, with the S&P 500 reaching a record high close fuelled by gains in Oracle shares and despite a marginally higher-than-expected CPI result. The S&P 500 climbed 1.1%, while the NASDAQ and Dow Jones also posted gains of 1.1% and 0.61%, respectively. Headline inflation rose to 3.2%, exceeding forecasts, the monthly rate…

End of Day Report

ASX 200 limped 8 points higher to 7713. The market is waiting for direction from the US, with banks trying to rebound slightly as the Big Bank Basket flatlined at $207.93 (-0.1%). NAB slipped 0.4%. Other financials slightly better, QBE up 1.3% and SUN up 1.7% as GQG fell again, down 2.3%. REITs mainly higher,…