Midday Report Thursday

Reports Section

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)…

Strategy By Henry – China Stimulus

Box 1

SUMMARY  US results – Is it safe? Dow up 12 days straight. One more to come! Still watching from the sidelines on the Nasdaq. Long S&P 500 ETF. Missed the BHP rally. Caught the WHC rally. Some do like it hot. Banks according to Morgan Stanley. Inflation may not be as dead as we hope.…

Pre-Market Report Wednesday

Reports Section

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

Reports Section

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

Reports Section

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%.…