Wall Street edged lower overnight as the market awaits CPI and PPI results this week to assess whether recent inflationary pressures were transient or indicative of a broader trend. The Dow finished 47 points higher. Up 72 points at best. Down 229 points at worst. The S&P 500 fell 0.11% and showed signs of overheating…
ASX 200 limped 8 points higher to 7713. The market is waiting for direction from the US, with banks trying to rebound slightly as the Big Bank Basket flatlined at $207.93 (-0.1%). NAB slipped 0.4%. Other financials slightly better, QBE up 1.3% and SUN up 1.7% as GQG fell again, down 2.3%. REITs mainly higher,…
ASX 200 cratered 143 points to 7704 (-1.8%) as banks gave up gains from Friday.
Iron ore weakened in Asia dragging down the big miners
Is the Magnificent Seven now the Fab Four?
Who is buying all the Gold?
US Core CPI data this week.
Usual US Check Ins.
Wall St closed down on Friday night. Initially buoyed by a positive jobs number before selling took hold for no particular reason. Likely just profit taking after a stellar run. The Dow fell 69 points (-0.18%). S&P 500 off 0.65% and the NASDAQ the worst, down 1.16%. Jobs numbers from the US were generally weaker…
ASX 200 cratered 143 points to 7704 (-1.8%) as banks gave up frothy gains from Friday and iron ore weakened in Asian trade dragging down the big miners. BHP fell 2.6% with RIO off 3.6% and FMG down 3.5%. Base metal stocks also slid with MIN off 2.4% and S32 down 2.3%. Lithium stocks were…
Good Morning everyone. Well, not so good. Not terrible. SPI Futures down 47. Big Tech cracks appearing. NASDAQ down 1.16%. S&P down 0.65%. Nothing to worry about. Its been a good run – things get more volatile the higher they go. Nvidia down 5.5% – the rest OK. Apple up 1%, having dropped 10% in…
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