US markets finished higher overnight, recovering earlier losses following fresh remarks from Fed officials bolstering confidence the Fed will refrain from lifting rates this year amid rising oil prices and conflict between Israel and Hamas.
Short term buy signals on the US market. Is the Hamas-Israel conflict a factor? Telstra – dividend coming. Worth buying? The Bank Sector Results season details. Is it worth dividend stripping the banks?
Was that the top for bond yields. The market is behaving as if it was. Up 81 and interest rate sensitive sectors up. The Israel-Hamas conflict suggests we go “Risk Off”. We’re going “Risk On”
ASX 200 blasted 70 points higher to 7041 (+1.0%) as bond yield fell hard on safe-haven buying of bonds. Talk of rate cuts as Israel/Hamas conflict the focus. Gold miners are better but not spectacular, with NST up 1.5% and EVN up 0.3%. Lithium plays bouncing hard as a short squeeze takes hold. PLS up 6.2%,…
ASX 200 blasted 70 points higher to 7041 (+1.0%) as bond yield fell hard on safe-haven buying of bonds. Talk of rate cuts as Israel/Hamas conflict the focus. Gold miners are better but not spectacular, with NST up 1.5% and EVN up 0.3%. Lithium plays bouncing hard as a short squeeze takes hold. PLS up 6.2%, and IGO up 3.5%.
The Dow Jones rose 288 points (+0.87%) in a choppy day of trade on Friday night. Up 438 at best. Down 273 at worst. The S&P 500 and NASDAQ registered their largest daily gain since late August, up 1.18% and 1.6%. Non-farm payrolls rose the most in eight months, signalling a tight labour market. Markets initially fell after jobs data but…
US equities rallied Friday, led by gains in mega-cap tech stocks after non-farm payrolls rose the most in eight months, signalling a tight labour market. The Dow Jones rose 288 points (+0.87%) in a choppy day of trade. Up 438 at best. Down 273 at worst. The S&P 500 and NASDAQ registered their largest daily gain since late August, up 1.18% and 1.6%.
2.30pm Updates Gold miners going well. I am not convinced the rally will last given the US futures are down around 200 points. Looks like the US is getting a little concerned about events in the Middle East. For now, we have seen modest increases in oil and gold and some safe-haven buying in the…
The ASX 200 gave back most of its gains to end up only 16 points to 6970 (0.2%). After a strong start, caution prevailed, US futures pointed to a negative open and confidence was sapped.
DIARY NEXT WEEK Inflation data will be the main release next week. US core and headline inflation on Thursday night and Chinese inflation on Friday night. In the US YoY inflation rate is expected to rise slightly from 3.7% in August to 3.8%. Any number higher than expected will put more pressure on the Fed to raise…
