MARKET AT MIDDAY The ASX200 is down 32 points (-0.41%), worse than futures were indicating as Energy and Resources lead in the market lower. WDS and STO down 1.7% and 1.5% following Friday nights fall in the oil price. Uranium continues to find no love despite spot prices unchanged. PDN and BOE off 0.4% and…
US markets finished the week at all-time highs as traders ignored signs of a slowing US economy and focused instead on Fed rate cut expectations. In low volume, the S&P 500 and NASDAQ hit record highs, advancing 0.90% and 0.54%. The Dow was little changed, up 68 points (+0.17%). Big Tech fuelled the rally, Microsoft…
The ASX200 has started the week on a negative note. Finishing down 59 points (-0.76%) to 7763 as the Materials and Energy sell-off continued into the close. The big miners were the biggest drag on the index as iron ore dropped 1.2% on top of 3% on Friday. High Chinese inventories to blame. BHP, RIO…
SUMMARY Nasty Friday for BOE, down 6.1% and closing below its stop loss. Will see if it can manage a bounce on the open before deciding to cut it. Not a good start with NXG down 2.4% in Canada. No changes to spot prices. Any fall from here will see it drop to a nine-month…
Wall Street ended the week on a positive note finishing at all-time highs, as markets ignored signals of a slowing US economy and decided to focus on Fed rate cut expectations. In post-holiday trade marked by thin volume, the S&P 500 and NASDAQ hit record highs, advancing 0.90% and 0.54%. The Dow was little changed,…
All of this week’s Marcus Take Podcasts in one place!
Good Morning Everyone. It was an OK week, with the ASX 200 up 0.7% (54 points), but beneath the surface, there are a few themes running. Big Tech continues to perform. The NASDAQ was up 3.5% on the week as the sector runs into results. We have been too cautious in the Strategy Portfolio. The…
The ASX 200 has finished the day down 10 points (-0.12%) to 7822, holding onto most of yesterday’s gains. Healthcare was the best performing sector as CSL, COH and RMD all saw modest gains between 0.3% and 1%. Macquarie said CSL will benefit from a US$105m currency tailwind in FY26. PME managed a late bounce…
