End of Day Report Thursday
The ASX 200 dropped another 6 points today to 7025 (0.1%) after an early rally fizzled out. Retail sales were slightly worse than expected and suggest the RBA will be on hold next week.
The ASX 200 dropped another 6 points today to 7025 (0.1%) after an early rally fizzled out. Retail sales were slightly worse than expected and suggest the RBA will be on hold next week.
US equities finished sharply lower overnight as bond yields continue to rise, a Government shutdown looms and after consumer confidence and home sales data signalled the US economy may be finally coming under stress. The Dow Jones posted its biggest one-day percentage drop since March, finishing near worst levels, down 388 points (-1.14%), falling below…
And so it continues – SPI Futures down 24, Wall St off 400 – the higher for longer message is taking a while to sink in.
Henry is back – not much has changed except the prices! And not for the better. Looking to take profits in LTR.
One of these ideas will separate the Titans from the Mere Mortals.
Cashed up with nothing to do but wait for the bottom.
Waiting for the Bottom – might be a while
ASX 200 fell 8 points today to 7030 (0.1%) as a late rally saved the day after early losses. The market managed a rally post the monthly CPI number which came in as forecast at 5.2%. Banks were once again a pillar of strength with the Big Bank Basket up to $175.96. CBA up 0.5%,…
ASX 200 fell 8 points today to 7030 (0.1%) as a late rally saved the day after early losses. The market managed a rally post the monthly CPI number coming in as forecast at 5.2% and kicked in the matchout.
The ASX 200 closed down 38 points to 7038 (-0.5%), snapping a two-day advance as US futures fell. Almost all sectors finished in the red. Healthcare the top performer today. RMD bounced, up 2.3%, RHC up 0.9%, and CSL gained 1.0%. Financials gained ground in afternoon trade, finishing in positive territory. The Big Four Banks were mostly up. ANZ…