End of Day Podcast – By Marcus – Chinese PMI and rate rise risk did for the market
We gave away a 43 point gain – Chinese PMI and rate rise risk did for the market today
End of Day Report Tuesday 31 October
The ASX 200 finished near flat, up 8 points to 6781 (+0.1%) as an early rally reversed. Resources stumbled lower as gold miners slid, EVN off 1.1% and NST down 3.3% and economic data from China disap
Members Podcast Tuesday – Less Pessimism
ASX 200 up 26 after a 500 point rally on Wall Street – hard to buy this downtrend.
Henry’s Take
Gina pounces on AZS,
CXL gets its own Heirloom.
Nickel market in a state of flux.
Threats to iron ore producers from green policies.
Usual US Check Ins
IMARC Resource Conference kicks off tomorrow.
Pre-Market Report Monday October 30
US markets closed mixed on Friday night after markets digested hot inflation and consumer spending data with company earnings reports. Dow Jones lost 367 points (-1.12%), the S&P lost morning gains to close down 0.48% and the NASDAQ rose 0.38%. The Dow was dragged lower by Chevron (-6.72%), and the NASDAQ mainly lifted due to big jumps in Amazon (+6.8%) and Intel (+9.29%). In Europe, markets also fell. DAX down 0.3%, STOXX 600 down 0.84% and FTSE down 0.9%.
Pre-market Podcast
Wall Street closed mixed overnight as markets grappled with weak earnings reports and data that supported the possibility of sustained low interest rates. The Dow tumbled 367 points (-1.12%). Up just 3 points at best. Down 457 points at worst. The S&P 500 erased earlier gains and fell 0.48%, while the NASDAQ added 0.38% amid mixed earnings reports.
Marcus Weekend
A pretty sorry week. Another sorry night. SPI Futures down 67, setting us up for a pretty shabby Monday start. Eighty-four new ASX 52-week lows on Friday. There should be a few more on Monday. ASX 200 did better than the US last week thanks to an absence of tech stocks (although our tech sector…
Members Podcast This Week
All of this week’s Members’ podcasts in one place.