Pre-Market Podcast Wednesday
Wall Street ended mostly lower overnight, ending just off worst levels. Dow down 175 points (-0.51%).
Wall Street ended mostly lower overnight, ending just off worst levels. Dow down 175 points (-0.51%).
ASX 200 rose 27 points to 7148 (0.4%), bouncing off the important 7100 level.
US equities closed mixed overnight. Dow down 37 points (-0.11%). Up 70 points at best. Down 252 points at worst. NASDAQ up 1.56%, while the S&P 500 rose 0.69% mostly driven by Nvidia +8.5% as HSBC raised its price target for the stocks and Tesla +7.3% recovering some of last week’s losses following news of more price cuts in China. Financial markets remain relatively subdued,…
SUMMARY BHP results this morning – good or bad, they need China sentiment to improve. 7 brokers downgrade Chinese GDP. Market ignoring a 16-year high on bond yields. Nvidia was up 8.5% overnight – a lot riding on their results on Thursday. Powell speaks on Friday – may not say much, says Goldman. Bit of…
Headline summary for BHP Results out this morning. Profit down 37%. Below consensus. Profits of US$13.4 billion compared to expectations of US$13.76 billion. Small misses on EPS and Dividend. Underlying EBITDA of iron ore operations -24%. Outlook statement says inflation impacts (higher costs) will continue to impact 2024. Hardly upbeat, prudently conservative. Commodity prices are…
WBC Broker stuff after results yesterday – still got a few more to come in.
ASX 200 rose 6 points to 7122 (0.1%) as results continue to dominate. ‘Do not disappoint’ is the mantra.