S&P 500 rose 0.25%, closing the session with its 41st record close for the year. The Dow too notched a record close, up 84 points (+0.20%). Up 156 points at best. Down 68 points at worst. NASDAQ advanced 0.56%, while mega-cap tech stocks were mixed. Nvidia jumped 4.0%, while Microsoft and Meta eased 1.0% and…
ASX 200 drifted 16 points lower to 8126 (-0.2%) as the ‘Great Rotation’ continued with banks weaker and resources pulling away. BHP up 3.8% with RIO up 3.8% and MIN rising 5.4%. Base metals also in demand, S32 up 3.0% and LYC up 4.3% with lithium stocks slightly higher. Gold miners are also in demand…
US Markets rise slightly
SPI up 25 – CPI Today
Resource rally as China launches stimulus package
ASX 200 falls 16 points (0.2%)
Banks drop 2% – Resource Rally continues.
CPI 2.7%
China cuts One -year rate
US equities inched higher overnight as markets weighed Fed commentary and steady factory data trying to determine whether a trend will form following the Fed’s rate cut last week. The Dow rose 61 points (+0.15%) in a range bound trading day. Up 127 points at best. Down 51 points at worst. S&P 500 advanced 0.28%…
ASX 200 fell 11 points to 8142 (-0.1%) on a big day of divergence. The great rotation kicked in with resources doing very well following the PBoC firing its 'bazooka' and the banks fell after the RBA held rates unchanged for the same reason as last time. The Big Bank Basket fell to $240.49 (-2.8%)…
US markets Inch Up
SPI down 9
RBA in Focus
RBA Leaves Rates Unchanged.
PBoC cuts rates – Resources Rally
Banks fall – CTT up 79%
Big Trouble in Little China – Could be a moment!
JIN – Jarden upgrades – Adding another 1%.
Uranium in focus – Three Mile Island
US markets Mixed
SPI down 68
RBA in focus
