The ASX fell 14 points to 7157 (-0.2%) in an uneventful day of trade. For the week, the ASX 200 fell 121 points (1.67%). Strong economic data this week fuelled the higher-for-longer mantra, driving yields higher and market sentiment down. Most sectors are finished down today. Defensive sectors outperform, with Utility and Healthcare stocks the top performers. CSL +1.0%,…
The ASX fell 14 points to 7157 (-0.2%) in an uneventful day of trade. For the week, the ASX 200 fell 121 points (1.67%). Strong economic data this week fuelled the higher-for-longer mantra, driving yields higher and market sentiment down. Most sectors are finished down today. Defensive sectors outperform, with Utility and Healthcare stocks the top performers. CSL +1.0%, RHC +1.1%, AGL +1.0% and CEN +2.9%. The iron ore trio BHP, RIO and FMG all fell between 1.2%-2.4%. Gold back
Put your birthday in the yellow box, and find out how long you have to live…
SUMMARY SPI Futures down 37 on yet another bond yield rise. Just cannot get this 'Peak Rates' Narrative to stick. Get your kids to like me. Buying a stock in a Sentiment Hole. BHP ex-dividend today. Focus on next week's CPI number. Having a look at Macquarie later. On the ABC TV this morning around…
US markets closed lower overnight, with the Nasdaq’s 1.06% loss leading the declines as US treasury yields rose, pressuring tech stocks.
SPI Futures are down 37 but the market is down 73 – BHP ex-dividend – the US drop follows a 3.6% fall in Apple and another rise in bond yields on the back of hotter-than-expected ISM Services numbers. Hmmm. Just can’t seem to get this “Peak Rates” narrative to stick. Our ideas portfolio will look a bit dented this morning as the NASDAQ drops 0.88%.
SMALL CAP NEWS Albermarle hopes to close out their bid for Liontown Resources (LTR) by mid-2024 – if you have to wait another 9 months for your money, then your return in nine months is 8.3% before tax. You can see why people are selling now. There is also a risk of course, that the…
The ASX 200 traded lower all day, closing down 86 points to 7171 (-1.2%). It was a sea of red today, with all 11 major sectors finishing lower. Miners weighed heavily on the market, with iron ore giants RIO and FMG losing 2.5% and 2.3% each. Energy stocks were mixed, STO and WDS down over 1%, while BPT…
The ASX 200 traded lower all day, closing down 86 points to 7171 (-1.2%). It was a sea of red today, with all 11 major sectors finishing lower. Miners weighed heavily on the market, with iron ore giants RIO and FMG losing 2.5% and 2.3% each. Energy stocks were mixed, STO and WDS down over 1%, while BPT…
The ASX 200 traded lower all day, closing down 86 points to 7171 (-1.2%). It was a sea of red today, with all 11 major sectors finishing lower. Miners weighed heavily on the market, with BHP ex-dividend (125c) and down 5.2% (239c) and the other iron ore giants RIO and FMG losing 2.5% and 2.3% each. Energy stocks…
