End of Day Report

ASX 200 closed up 9 at 7653 (0.1%) after a very solid start evaporated. Big Monday with M&A and results in focus. First up Alcoa bid for AWC after a 20-year life on the ASX, ABB bid for SLC and CSR in a trading halt pending an announcement on a material transaction. Banks mixed, CBA…

Pre-Market Report

US markets closed near flat on Friday night. The Dow Jones up 62 points (0.16%), the S&P 500 up 0.03% while the NASDAQ fell 0.28%. No major news resulted in narrow trade as markets digested commentary from Fed officials and Nvidia’s big Thursday night move. US bond yields fell from multi-month highs, the 10Y down…

Technical Scans

SUMMARY MQG will be interesting today. Upside gain is limited. Bit of relief for BHP with Iron Ore up overnight. Staying in cash. Consumer discretionary with sell signals after WES, ALL, JBH and HVN all fall yesterday. Tech Sector hits a 52-week high. Japan ETFs hit highest levels since inception. WBC and NAB hold at…