End Of Day Podcast Monday
ASX 200 closed down 38 points to 7004 (-0.5%) after a jump of 42 points at the opening bell.
Henry Weekend
THE WEEK THAT WAS – TRIPLE B Week! Instead of being ‘bewitched, bothered and bewildered’, we finished ‘battered, bloody and bruised’ after a nasty old week on the ASX. ASX 200 down 161 (2.24%) on the week with a nasty 237 point drop in the last three days of the week. So many conflicting pieces…
Marcus – Standing Back
Dow Jones down 187 points (-0.55%). It was down 206 points at worst and up 114 at best. NASDAQ down 0.13%. S&P 500 down 0.29%. The US jobs numbers came in a bit better than expected, but inflation concerns remain as wage growth (4.4%) is inconsistent with the Fed's inflation target (2%). The oil price…
Diary Next Week
MAIN EVENTS This week's key highlight is the release of the US Consumer Price Index data on Wednesday. In May, US inflation dropped to 4%, marking its lowest level since March 2021. The drop was driven by a fall in energy prices. Core inflation, which excludes the volatile costs of food was 5.3%. Market consensus…
Weekly Charts
Click here to see the weekly market and sector charts which give you a regular feel for themes and trends.
Pre-Market Podcast Friday
US markets closed sharply lower overnight in a broad sell-off after fresh jobs data indicated a strong labor market.
Henry’s Take Friday
SUMMARY Nasty day and more in store. Where is that recession? What to do with WBT. A look at another member’s suggestion. Best chart I have seen for a while. The shock absorber is working but no one cares! Ask the Analyst tonight at 5.30pm. SMALL CAP PORTFOLIO 3.00 pm Update Not all bad news…
Midday Report Friday
MARKET AT MIDDAY The ASX experienced a broad sell-off, with the ASX 200 dropping 114 points to 7049 (-1.6%) as shares of Block Inc (SQ2) tumbled 5.4%. Concerns over potential interest rate hikes by the US Federal Reserve and Reserve Bank, sparked by hotter-than-expected US jobs data, led to selling across all sectors. Fund managers hit the hardest, with Pinnacle Investment Group (PNI) down…
End Of Day Report Friday
ASX 200 fell 121 points to 7042 (-1.7%). Another soggy end to the week. ASX 200 down 2.2% for the week. Losses across the board from the open, banks hit hard with the Big Bank Basket down to $168.52 (-1.5%) led lower by CBA down 1.7% and MQG down 1.3%. Insurers dropped despite a huge rise in…