Henry’s Take – Nobody Puts Baby in the Corner

SUMMARY Talking RIO on CNBC this morning. Ausbiz Investment Committee apologies. IVC dragging on. Phil King moves on Pacific Current but no Harry Kane.Implications for PTM. 2.45pm Update – The Road Map The rally kicks. Banks now leading the charge. More than Happy to see MP1 kick higher on good results. Face saving from recommendation…

Midday Report Thursday

MARKET AT MIDDAY The ASX 200 is up 53 points to 7455 (+0.7%) building on a flat start to push ahead. Banks the standouts. MQG AGM underwhelms. Mining stocks and iron ore giants, suffering small losses Rio Tinto (RIO) fell 2.2% as its half-year profit declined by 34% due to weaker commodity prices, missing analyst expectations for both underlying results and dividends. Fortescue Metals (FMG)…

Pre-Market Report Wednesday

Wall Street closed higher overnight, led by the NASDAQ amid excitement about AI before earnings reports from tech mega-cap companies Google and Microsoft after the bell. Dow Jones finished 27 points higher (+0.08%), marking its longest winning streak in more than six years and the 12th consecutive session of gains just shy of the all-time…

Midday Report Wednesday

MARKET AT MIDDAY The ASX 200 is up 51 points to 7391 (+0.7%) as headline inflation comes in lower than expected at 6%, beating forecasts of 6.2%. The reduction in inflation increases the likelihood the RBA will pause rate hikes as the economy shows signs of slowing down. Iron ore miners, BHP Group (BHP) +2.5%, Rio Tinto (RIO) +1.9%, and Fortescue Metals (FMG) +1.7% gaining momentum from…

End Of Day Report Wednesday

ASX 200 closed up 62 points to 7402 (+0.9%), hitting a five-month high, while the Aussie dollar and bond yields fell on softer-then-expected inflation data reducing pressure on the RBA to tighten policy further. Miners continued their rally today on China’s stimulus pledge, sector majors BHP up 2.3%, RIO gained 1.4% and FMG up 2.3%.…