Dow Jones down 159 points (-0.47%) overnight on Friday, closing near the low. NASDAQ up 0.14% and S&P 500 down 0.27%. The week continued to be dominated by higher for longer rate fears, as the oil price saw some modest profit taking after its recent run. Bond yields rose as the US 10-yr was up…
The Dow Jones Industrial Average retreated on Friday as investors followed the latest news about a potential government shutdown and ended what has been a tough month for stocks. The Dow lost 158.84 points, or 0.47% to finish at 33,507.50, led down by Travelers Companies.
The ASX 200 started the December quarter on a negative note, down 15 points to 7033 (-0.2%), following a choppy day of trade ahead of the RBA meeting tomorrow for its rate decision (hold is expected). Most sectors finished in red today. Defensive utility stocks were in demand, with ORG up 1.0% and APA gaining 0.7%. REITS and…
All the Member’s Podcasts this week – Enjoy!
Main events – RBA Meeting – US Jobs Numbers
2.30pm Updates No changes today. DRE back trading at around the capital raising price. Some short covering in CXO post results and miners generally doing better with lithium finding some bargain hunters. Happy to see the LTR /PLS switch idea playing out ok. Speculative Stock of the Day: Biotron (BIT) +% Response to ASX query.…
SPI Futures up 45 – Resources having a bounce from the lows yesterday, from Lithium to BHP. Bond yields dipped for the first time in a while as the oil price also, finally, dropped a touch.
Good Morning everyone. We are on MARCUS LITE today with an empty office in Melbourne (State Holiday). Henry is on HENRY HEAVY, although he has a State holiday on Monday. The ASX is open on both days. We will provide a Morning and End of Day email today and on Monday. The WEEKEND newsletter will be produced as usual on Saturday.
ASX 200 rallied 24 points to 7049(0.3%) in quiet trade. Holiday in VIC today. Holiday in other States on Monday. China closed too. Miners have been in focus in the last few days, BHP up another 1.2% with RIO and FMG joining the party. Lithium shrugged off its recent depression with PLS up 1.9% and AKE up 2.1%. LTR slipped 1.3% on a KV update. Costs up 6% since January. Gold stocks also in demand as bargain hunters scratched around in the ashes,
ASX 200 rallied 24 points to 7049(0.3%) in quiet trade. Holiday in VIC today. Holiday in other States on Monday. China closed too. Miners have been in focus in the last few days, BHP up another 1.2% with RIO and FMG joining the party. Lithium shrugged off its recent depression with PLS up 1.9% and AKE up 2.1%.
