ASX 200 closed down 43 points to 7312 (-0.6%), sliding for a second straight session, tracking losses on Wall Street overnight. Tech led the laggards today, XRO -2.7%, REA -0.8% SQ2 -1.9%. All-Tech index down 1.0%. Iron ore miners slipped, tracking the softening price in Asia. BHP down 1.2%, RIO off 1.7% and FMG down…
ASX 200 closed down 43 points to 7312 (-0.6%), sliding for a second straight session, tracking losses on Wall Street overnight.
Wall Street closed mostly lower overnight in an uneventful session as the latest slew of corporate results came in mixed. The Dow Jones rose 71 points (+0.20%). Up 120 at best. Down 33 at worst. Meanwhile, the S&P 500 and NASDAQ dipped by 0.27% and 0.43%, respectively. US treasury yields rose, with the 30Y paper…
Wall Street closed mostly lower overnight in an uneventful session as the latest slew of corporate results came in mixed.
SUMMARY Copper stocks back in focus on AIS and 29M. LRS keeps on going. Still not sure why! Lords of Dogtown disappoint. That theory blown. Ausbiz Investment Committee episode drops. Ask the Analyst Friday 11th. 3.00pm Updates Nasty day again. The Fitch ratings downgrade has really soured sentiment. Banks are on the nose. The big…
SUMMARY RBA done? Lowe has one more meeting to go. CCP shows no signs of stress here. ASX still undecided on path. Reporting Season Preview. Volatility can be opportunity. Who wants a T-Shirt? No change to Portfolio. S&P 500 still showing overbought. August can be one of the disappointing months. ASX 200 struggling for sustained…
Members Podcast Wednesday
ECONOMIC & OTHER NEWS In July 2023, the Ai Group Australian Industry Index fell to -14.7, continuing its contraction for a 15th month. Employment, new orders, and activity/sales declined, with manufacturing and construction sectors experiencing significant downturns. The Australian dollar declined 1.5% to 66.14 US cents following the Reserve Bank's decision to maintain the cash…
The market closed down 96 to 7355 (-1.3%) in a broad market sell-off, losing yesterday’s gains and as heavyweight banking and mining stocks weighed.
ASX 200 up 40 points to 7451 (+0.5%) as shares rallied slightly further in the afternoon after the RBA announced it was leaving the cash rate unchanged. The Aussie dollar fell 0.8% to 66.66c, and bond yields took a hit. 2Y and 10Y bond yields fell 9bps and 8bps, respectively. Gold miners were golden today thanks to Lowe, NCM up 1.4%, EVN up 2.4% and NST +1.6%. Major iron ore…
