ASX 200 fell 42 points to 6812 (-0.6%), rallying off a one-year low. Resources held up relatively well on some more Chinese stimulus and a falling AUD. BHP up 0.5%, and RIO up 1.2%. Lithium stocks on the nose, although some big winners, in AZS on a bid from SQM up 43.1% and RDN as a ‘nearolgy’ play. PLS fell 0.5% on production report, gold miners slid with NST down 0.8% and NCM recovering some early losses down 1.3%.
SPI Futures down 18 as Alphabet drops 9.5% dropping the NASDAQ 2.4%
Our market slots in behind Wall St down another 40 at midday as bond yields rise and we worry about a rate rise
From up 40 the market has dropped to be down 20 after the higher than expected CPI release today
A volatile day as we lose a 40 point gain after a higher than expected CPI number
What Colour of Investor are you – we are thinking of colour coding our content so you know which bits are relevant to you.
Our market up 13 after the 57 point fall yesterday – energy and resources holding things up. Banks in the Doldrums ahead of results.
All three major US indices closed sharply lower overnight as unrest in the Middle East, rising yields and mixed earnings weighed on market sentiment. The Dow Jones finished near worst levels, down 287 points (-0.86%). Dow up 12 points at best.
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