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…
US markets closed overnight for Independence Day. European stocks finished higher for a second straight session. The Eurozone's STOXX 50 added 0.44%, and the pan-European STOXX 600 advanced 0.56%. Banks and energy stocks led gains, with BNP Paribas, Santander, TotalEnergies, and ENI all up. ECB meeting minutes revealed concerns about low growth and stubborn inflation, adding…
SUMMARY Most new trades yesterday near unchanged from a strong open, similar to the index at large. Charts looking good after a 3% rise in CIA, 3.2% rise in SFR and 1.9% rise in KAR. Nasty day for BOE, down 6.1% and closing below its stop loss after two brokers cut target prices. We’ll see if…
SUMMARY Marcus away, we have the team holding down the fort. Quiet night for global markets with Wall Street closed on Independence Day. Politics dominate headlines. EU equities behave. UK election wraps up. Labour Party leader Keir Starmer set to become new PM as expected. French second round election on Sunday. A weaker USD lifts commodities and…
COMPANY ANNOUNCEMENTS Sandfire Resources (SFR) – MATSA mineral resource and ore reserve update. Clinuvel Pharmaceuticals (CUV) announced the final set of results from a study CUV151. Afamelanotide assists DNA repair after UV damage. Suncorp Group (SUN) – FY25 reinsurance program update. The FY25 reinsurance program changes have no material impact on target capital for the…
The ASX 200 has finished the day up 92 points (1.2%) to 7832 as resources kicked back to life. After weeks of selling pressure iron ore giants, copper, lithium and gold saw risk-off buying. Iron ore shot to a one-month high taking BHP and RIO up 2.6%. FMG up 3.2%. Lithium stocks bounced of lows.…
SUMMARY Sold EOS yesterday afternoon to lock in a 12.5% profit. After such a rapid rise, things can turnover quickly. TWE up modestly yesterday. No change. No change to AD8, hanging in there. Resources come alive in our market yesterday and global markets overnight. Iron ore, coal, gold, uranium, copper and lithium up. Time for…
SUMMARY Global Resources rally for a day as US dollar drops. It's trade time. Adding FMG in the One Stock Portfolio. More in the Trading Section. US Rate cuts getting more likely by the day. Big Tech up again – hard staying in cash. US closed tonight. US Jobs numbers on Friday. Education Corner –…
