End Of Day Podcast – Monday
The ASX 200 started the week down 21 points (-0.3%), its lowest level in three months weighed down by losses in banking and mining.
The ASX 200 started the week down 21 points (-0.3%), its lowest level in three months weighed down by losses in banking and mining.
Low-volume night in the US dominated by Powell’s testimony (see below) which was seen as a little less hawkish. The Fed remains data dependent (seen as a positive). Tech stocks led with the NASDAQ up 1.18% and the other markets flat. The Dow Jones finished down 5 points (-0.01%) at worst down 116 points. The Bank of England raised rates by 50bp, more than expected, although the UK market (FTSE) only fell 0.76%. The odds of a Fed rate rise at the next meeting on July 26th rose from 74.4% to 76.9%. Weekly jobless numbers hit a 20 month high…
Henry runs through the market at the End of the Day highlighting anything interesting and relevant
The ASX 200 started the week on a positive note, rising for its sixth consecutive session and reaching its highest levels in six weeks.
Click here to access today's Marcus Today newsletter Market summary ASX 200 up 15 to 5998 in quiet thin trade. High 6015 Low 5990. Dastyari quits Senate. ANZ sells Life business. TCL – Capital raise. AUD steady at 75.33c US futures up 21. Bitcoin CBOE futures kick off. System crashes. Bitcoin surging in volatile trading…