Wall Street closed higher overnight, led by the NASDAQ amid excitement about AI before earnings reports from tech mega-cap companies Google and Microsoft after the bell. Dow Jones finished 27 points higher (+0.08%), marking its longest winning streak in more than six years and the 12th consecutive session of gains just shy of the all-time…
Wall Street closed higher overnight, led by the NASDAQ amid excitement about AI before earnings reports from tech mega-cap companies after the bell.
Members Podcast Wednesday
MARKET AT MIDDAY The ASX 200 is up 51 points to 7391 (+0.7%) as headline inflation comes in lower than expected at 6%, beating forecasts of 6.2%. The reduction in inflation increases the likelihood the RBA will pause rate hikes as the economy shows signs of slowing down. Iron ore miners, BHP Group (BHP) +2.5%, Rio Tinto (RIO) +1.9%, and Fortescue Metals (FMG) +1.7% gaining momentum from…
ASX 200 closed up 62 points to 7402 (+0.9%), hitting a five-month high, while the Aussie dollar and bond yields fell on softer-then-expected inflation data reducing pressure on the RBA to tighten policy further. Miners continued their rally today on China’s stimulus pledge, sector majors BHP up 2.3%, RIO gained 1.4% and FMG up 2.3%.…
ASX 200 closed up 62 points to 7402 (+0.9%), hitting a five-month high, while the Aussie dollar and bond yields fell on softer-then-expected inflation data.
SUMMARY Big week in US coming. Microsoft the focal point. Then the Fed. The Poseidon adventure update. On the Couch podcast with nickel in focus. Houston, we have a problem. Costs and writedowns. Transitions are tough. Rough road for some. QUICK TAKES It is going to be a big week. X marks the spot. 11…
Members Podcast Tuesday
MARKET AT MIDDAY The ASX 200 is up 19 points to 7325 (+0.3%) driven by gains on Wall Street overnight. The materials sector performing particularly well, bouncing back from a previous sell-off, with BHP Group (BHP) +3.9%, Fortescue Metals (FMG) +4.7%, and Rio Tinto (RIO) +4% all showing gains. Iron ore futures on the Singapore exchange also increased by 0.9% to $US113.65 a tonne. Energy stocks continuing…
ASX 200 closed up 33 points to 7340 (+0.5%), snapping a two-day decline, led by miners and energy stocks.
