Pre-Market Report Wednesday

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…

End of Day Report Wednesday

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%,…

End of Day Report Tuesday

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…