SMALL CAP PORTFOLIO UPDATES Suspect it is going to be a quiet day today. Plenty of people will have watched the Men's Final. A changing of the gurad there too. New governor and new Singles Champ. SPI down 2 and metals and mining maybe taking a break. The pause to refresh. POS – Black Swan…
US markets closed out the week mixed on Friday as the US Q2 reporting season kicks off. Dow Jones up 114 points on Friday (+0.33%).
US markets closed out the week mixed on Friday as the US Q2 reporting season kicks off. Dow Jones up 114 points on Friday (+0.33%). NASDAQ -0.18%. S&P 500 -0.1%. All markets were higher for the week on softer-than-expected US CPI data followed by lower-than-expected PPI data, the lowest in three years. For the week,…
MARKET AT MIDDAY The ASX 200 Index declined 5 points to 7298 (-0.1%) as the market exercised caution ahead of the release of the RBA's June policy meeting minutes, which could provide insight into future interest rates. Market sentiment was also influenced by the upcoming release of Chinese economic data, given the country's status as Australia's largest trading partner. Woodside Energy (WDS) -1.1%, Newcrest Mining (NCM)…
The ASX 200 closed flat, down 5 points to 7299 (-0.1%), after clocking its best weekly gain since November amid hopes the RBA Meeting Minutes tomorrow may hint to more clues for the interest rate trajectory and the RBA is nearing the end of its tightening cycle. Healthcare led the market today, helping offset losses…
A solid week for all markets last week on the back of a lower-than-expected CPI number in the US, followed by a similarly lower-than-expected PPI number (lowest in 3 years). The ASX 200 was up 261 points, taking it up 3.70% with a close above 7300. The ASX 200 is 4.5% away from the top hit four times in the last two years. It’s quite some resistance level. The Dow Jones put on 774 points (+2.29% – but it’s a rubbish index), and the S&P 500 and NASDAQ put on 2.42% and 3.31% as Tech responded to lower bond yields.
The main event this week is the start of the US Q2 Results Calendar. Chinese GDP numbers on Monday are a focus – this will kick off a Chinese economic trajectory debate and provoke stimulus chatter. RBA Meeting Minutes Tuesday. Michele Bullock takes over in September – there are two more RBA Meetings before that. The appointment is seen as Dovish (less likely to raise rates). Australia also has jobs numbers on Wednesday.
These are out Weekly charts covering the Markets and Sectors – they give you a feel for the “Tide” and the undercurrents.
These are the tables showing you what happened in the MArket min the last week – it includes ETF performance as well.
All of last week’s Members Podcasts in one place
