US equity markets finished lower overnight, in a broad sell-off after Moody’s cut the credit ratings of 10-small to mid-sized US banks, reigniting fears about the health of the US banks and the economy. The Dow Jones closed 159 points lower (-0.45%), well off worst levels. Dow down 466 points at worst. S&P 500 dipped…
SUMMARY CBA in focus. Looks ok. NIM under pressure and cautious outlook. JHX soars on result beat. Where to from here? CSL home on the range. PLS – still the one but has run hard. Time to take some profits perhaps? RESULTS FOCUS – CBA At first glance, look ok. The business bank was the…
SUMMARY ASK and you shall receive. Updates on a few lithium disappointments. Housekeeping and Ausbiz at Noon. Ask the Analyst Friday SMALL CAP PORTFOLIO 2.45pm Update It has been a busy morning. Haven’t stopped since 7am with U3A and The Call. Even managed a Members podcast! Didn’t want to disappoint. Good to see the IVC…
US equity markets finished lower overnight, in a broad sell-off after Moody’s cut the credit ratings of 10-small to mid-sized US banks.
Members Podcast Wednesday
MARKET AT MIDDAY The ASX 200 is up 4 points to 7315 (0.1%) as anticipation for China's upcoming inflation data lingers. US stock futures exhibited little change after a previous session where the main indices closed lower due to credit rating downgrades on several US banks, causing investor confidence to waver. Commonwealth Bank (CBA) spearheaded a rise in the financial sector…
ASX 200 closed up 27 points to 7338 (+0.4%) after a day of fluctuating around the flat line. Aussie banks unscathed from souring bank sentiment following Moody’s downgrades of US banks last night, after the CBA profit machine posted stellar results, up 2.6%. Banks rallied in unison, NAB +2.2%, WBC +1.7%, and ANZ +0.8%. Big…
ASX 200 closed up 27 points to 7338 (+0.4%) after a day of fluctuating around the flat line.
MARKET AT MIDDAY The ASX 200 is up 10 points to 7319 (+0.1%), rebounding from the previous day's losses but off highs, following a positive trend on Wall Street. Mining and technology stocks helping the recovery, with the materials sector surging 0.9%, led by Fortescue Metals (FMG) up 1.1%. Consumer confidence continues to drop despite the Reserve Bank's cash rate pause. James Hardie Industries (JHX)…
ASX 200 closed flat, up 2 points to 7311, losing early morning gains, with mining and financials balancing the market
