SPI Futures are down 37 but the market is down 73 – BHP ex-dividend – the US drop follows a 3.6% fall in Apple and another rise in bond yields on the back of hotter-than-expected ISM Services numbers. Hmmm. Just can’t seem to get this “Peak Rates” narrative to stick. Our ideas portfolio will look a bit dented this morning as the NASDAQ drops 0.88%.
SMALL CAP NEWS Albermarle hopes to close out their bid for Liontown Resources (LTR) by mid-2024 – if you have to wait another 9 months for your money, then your return in nine months is 8.3% before tax. You can see why people are selling now. There is also a risk of course, that the…
The ASX 200 traded lower all day, closing down 86 points to 7171 (-1.2%). It was a sea of red today, with all 11 major sectors finishing lower. Miners weighed heavily on the market, with iron ore giants RIO and FMG losing 2.5% and 2.3% each. Energy stocks were mixed, STO and WDS down over 1%, while BPT…
The ASX 200 traded lower all day, closing down 86 points to 7171 (-1.2%). It was a sea of red today, with all 11 major sectors finishing lower. Miners weighed heavily on the market, with iron ore giants RIO and FMG losing 2.5% and 2.3% each. Energy stocks were mixed, STO and WDS down over 1%, while BPT…
The ASX 200 traded lower all day, closing down 86 points to 7171 (-1.2%). It was a sea of red today, with all 11 major sectors finishing lower. Miners weighed heavily on the market, with BHP ex-dividend (125c) and down 5.2% (239c) and the other iron ore giants RIO and FMG losing 2.5% and 2.3% each. Energy stocks…
The ASX 200 traded lower all day, closing down 86 points to 7171 (-1.2%). It was a sea of red today, with all 11 major sectors finishing lower. Miners weighed heavily on the market, with BHP ex-dividend (125c) and down 5.2% (239c) and the other iron ore giants RIO and FMG losing 2.5% and 2.3% each. Energy stocks were mixed, STO and WDS down over 1%, while BPT and STX rose 1.6% and 2.6%, respectively. Gold was mostly down, NST -1.4% and NCM off 0.4%, but CHN bounced 7.9% on broker upgrades although some of them have a corporate responsibility. Lithium was sold off, but LTR mysteriously ralli
According to the “Death Sheet” I only have 7,019 days left to live, 168,456 hours ands just 1003 weekends.
Markets in limbo as bond yields refuse to drop. Focus moves to the US CPI number next Wednesdsay.
Wall Street closed lower overnight, with all three major indices in the red pressured by rising bond yields and higher crude oil prices. Dow finished near worst levels, down 196 points (-0.56%). Dow at best up 34 points. Dow at worst down 202 points. The S&P 500 lost 0.42%, the Nasdaq edged lower, down 0.08%,…
Wall Street closed lower overnight, with all three major indices in the red pressured by rising bond yields and higher crude oil prices. Dow finished near worst levels, down 196 points (-0.56%). Dow at best up 34 points. Dow at worst down 202 points. The S&P 500 lost 0.42%, the Nasdaq edged lower, down 0.08%, and US small caps Russell 2000 fell 2.1%.
