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…
ASX 200 up 40 points to 7324 (0.6%) in quiet trade again. Lacking conviction. Narrow range and once again banks leading the way higher.
US markets rallied over the possibility the Federal Reserve may soon conclude its rate-hiking campaign, while China’s economic data came in softer than expected. Dow Jones up 76 points (+0.22%). Dow at best up 156 points. Dow at worst down 90 points. S&P 500 up 0.39%. NASDAQ gained 0.93%. VIX +1%. US Treasuries were flat,…
SMALL CAP PORTFOLIO 2.45pm Update Some slippage still in the speculative lithium sector with PMT sliding again. LRS under some pressure as SLM slides again. So much hype in SLM, LRS has a stake in the company. POS remains under pressure with another 6% fall today. A11 still on the nose. WBT pushing ahead again.…
SUMMARY Sticking with US positions ahead of earnings season ramping up. Tesla and Microsoft the first techs to report. No positions in BHP or MQG in the One Stock Portfolios Where to for the ASX 200 after a 3.7% rise last week. Consolidation the name of the game. Resources continue to side on Chinese GDP…
Members Podcast Tuesday
The ASX 200 Index is down 32 points to 7266 (-0.4%) experiencing a 0.1% decline at open, falling below 7,290 for the second consecutive session. The drop was influenced by losses in mining and energy stocks due to weakened iron ore and oil prices after softer Chinese economic data. Selling increased following the RBA minutes as it said more rate…
ASX 200 slid 15 points to 7284 (-0.2%) after an early loss kicked on by RBA minutes reminding all that there could be more rate rises to come. Banks held up with the Big Bank Basket up to $176.79 (1%). NAB led the charge higher, up 2% with ANZ up 1.7%. Insurers too in demand, QBE up 0.4% and some buying in financial services with GQG up 1.3%. ASX continues to struggle…
ASX 200 slid 15 points to 7284 (-0.2%) after an early loss kicked on by RBA minutes.
