SUMMARY Market looks a little tired and waiting for a fresh catalyst to push either way. Results? China? Bueller? RIO and BHP production reports. Not much to get excited about. Mission accomplished. Maybe a bit premature! Two FAANGS are out and not so flash. Is it time to bank the money? Macquarie Group (MQG) –…
Members Podcast Thursday
MARKET AT MIDDAY The ASX 200 is up 15 points to 7339 (+0.2%), losing early gains after unemployment data came in flat at 3.5%, raising the likelihood of another rate rise. The Aussie dollar gained on the news while bond yields climbed higher. BHP Group (BHP) +0.3%, Rio Tinto (RIO) +0.5%, and Fortescue Metals (FMG) +1.2% also advanced, boosted by BHP Group's record annual iron ore production. Mineral Resources (MIN) up 5.4% after agreeing to sell…
The ASX 200 closed flat, up 1 point to 7325, after jumping over 50 points in early trade before unemployment data dampened the market’s mood.
The ASX 200 closed flat, near unchanged, up 1 point to 7325, after jumping over 50 points in early trade before unemployment data dampened the market’s mood raising bets of further tightening from the RBA. The Aussie dollar jumped 0.6% to 68.15c, clawing back recent losses, and bond yields rose with 2Y yield up 12bps,…
All major US indices were up overnight, boosted by stronger-than-expected earnings results from heavy-weight banks and AI stocks.
SUMMARY A look at CSL after the shock has subsided. Time to buy? We always talk about buying never selling? Should that change? IVC drops on no news on TPG takeover. Do we really need a bazooka, isn’t a sniper better? SMALL CAP PORTFOLIO 2.30pm Update – Volumes remain light and my ambition is low.…
SHOW ME THE MONEY SUMMARY Microsoft points the way with its Copilot. The Killing Season approaches. What to expect from results season. CTD is it one to surprise? Another solid night in the US. Seventh straight day of gains. It can stay overbought remember. Yesterday I talked about the Canary in the Coal Mine. Microsoft.…
MARKET AT MIDDAY The ASX 200 is up 38 points to 7322 (+0.5%) opening with a 0.6% increase, following the positive momentum from Wall Street. Most sectors showed gains, particularly the energy and financial sectors. Ampol (ALD) rose 4.9% after announcing an expected EBITDA of $800m for the first half of the 2023 fiscal year. Northern Star Resources (NST) experienced a significant drop…
