ASX 200 fell 57 points to 7257 (-0.8%), falling for a second consecutive day with almost all sectors in the red. Energy outperformed again as oil prices continue to rise over worries about a supply shortage after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year. WDS up 1.3%, COE jumped…
US markets closed overnight for Labor Day holiday. European markets lower across the board, letting go of earlier gains as optimism around China’s property market stimulus ebbed. Europe’s STOXX 600 finished flat, down 0.04% after rising as much as 0.8% in early trade, touching a near four-week high. However, mining, travel, and consumer sectors with…
Wall Street closed. All eyes on the RBA today – Philip Lowe’s last meeting. China vibe good for resources. Futures down 19 firs thing.
US Closed. Futures down 19. Europe quiet. The China vibe is improving. Country Garden up 47% in 6 days. Hoping the Resources rally kicks on. The RBA today – Philip Lowe’s last – another reason not to do anything.
The market taking a breath today dropping 35 points ahead of today’s RBA Meeting – Philip Lowe’s last.
The ASX 200 fell 5 points to 7314 (-0.1%), trading lower all day, lacking direction from overseas.
SPI Futures up 31 after US jobs numbers were good enough – Not sure the jobs numbers are enough to confirm our best hopes, but they didn’t kill them either. We have survived to thrive.
Liontown (LTR) have received a revised bid from Albemarle at 300c, up from 250c. The share price was at 262c. The LTR Board intend to unanimously recommend the bid in the absence of a “Superior Proposal”. So that looks like the end game. Presumably the price will settle just below 300c and sit there.
Quiet week – US closed tonight. Results season is over. Second-grade economic releases. Lots of ex-dividends. All eyes on the RBA – but there’s nothing to see. Phil Lowe’s last.
Good start with the ASX 200 up 60 points – better than the Futures, which were up 31 on the back of the OK Jobs Numbers in the US on Friday. FMG and BEN ex-dividend. Solid progress in the resources sector today – iron ore is up, BHP and RIO up in the US on Friday.
