SUMMARY Finally the US markets run out of steam. The Bears are betting on a drop. What to do with FMG and BHP? Focus on CPI and RBA. New Home Page up and running. NEW HOMEPAGE A busy few days at Marcus Today putting the new homepage together. A lot of work has gone into…
ASX 200 is up 41 points to 7120 (+0.6%) snapping a four-day losing streak supported by heavyweight financials and resource stocks. PointsBet Holdings (PBH) Trading halted pending material announcement. Vulcan Energy Resources (VUL) +0.9% Signs a binding term sheet with SLB for its Zero Carbon Lithium Project. Immutep (IMM) -0.9% Completes a retail entitlement offer, raising $6.5m at 26c. Nib Holdings (NHF) -1.6% Delays private…
This is the Members exclusive podcast with a Cameo appearance today by Archie – a good one for your 20 year old to listen to.
The ASX 200 up 40 points to 7118 (+0.6%) snapping back from a 4-day losing streak ahead of CPI numbers tomorrow. REITS saw the biggest gains today as the NSW premier announced an increase in height restrictions for apartment building in Sydney. GMG up 1.2% and SCG up 4%. Banks gained after their recent drop…
The ASX 200 up 40 points to 7118 (+0.6%) snapping back from a 4-day losing streak ahead of CPI numbers tomorrow.
The main event this week is Australia’s monthly CPI data out Wednesday. The last reading of 6.8% in April surprised the market, up from 6.3% in March, which was the lowest reading in 10 months, significantly exceeding market expectations of 6.4%, which led to a 25bps rate hike by the RBA in June. May CPI…
The main event this week is Australia’s monthly CPI data out Wednesday. The last reading of 6.8% in April surprised the market, up from 6.3%.
Macquarie has their usual Monday EV and Lithium market update this morning. Pretty much a full house of Outperform recommendations. The only stock in its rare earth and lithium universe that has a neutral is Hastings Technology (HAS). Everything else is an outperform. Interesting if they are all an outperform, is that against the ASX 200 or is that against the lithium sector? The stocks they cover ARE the lithium sector. The definition is that the expected return is greater than 10%.
ASX 200 is down 20 points to 7079 (-0.3%) as the market continues to fall although it has steadied slightly. Gold miners and oil and gas in focus following Russian issues. TODAY’S STORIES Metcash (MTS) – Announced a 4.7% increase in its fully franked dividend for FY23, declaring 22.5cps. The company's revenue has also grown by…
This is the Members Exclusive Podcast every day. Monday is done by Henry. Bit of a flat day today. Down 13 at midday having been down 39.
