In a surprising turn of events, the ASX 200 reversed earlier losses and ended the day on a high note, closing up 36 points at 7192 (+0.5%), snapping a four-day losing streak. The iron ore price (up 2.4%) drove a recovery in Resources and the Aussie dollar with only some Chinese Credit numbers (more credit lending than expected) to blame with increased borrowing from local governments to fund infrastructure. After the Chinese CPI numbers at the weekend (they rose instead of fell) one economist says “Many data we’re seeing now shows that the economy’s slump may be slowing in the…

Wall St finished higher on Friday, buoyed by a rise in energy stocks. The Dow closed 76 points higher (+0.22%). Up 127 points at best. Down 27 points at worst, while the S&P 500 and the Nasdaq added 0.1%, helped by gains in Apple +0.3%, sapping a two-day losing streak. China’s inflation data came out over the weekend. CPI rose by 0.1% YoY in August, lower than expectations of a 0.2% gain following the first drop in over two years of 0.3% in July. Not of huge import, markets care for PMI and industrial figures from China. ASX to edge…

Very quiet day – no trend, no action. We’re hoping the CPI number on Wednesday kicks something off but its wishful thinking. We are in the seasonally dullest 4 months of the year and they are certainty living up to that reputation this week.

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ASX to edge up, Apple drags Wall Street lower – AFR – Stocks fall with Apple, dollar rises after U.S. data. S&P, Nasdaq fall as Apple drags, jobless claims data fuels rate jitters. China’s widening iPhone curbs roil US technology sector. Apple down 8.65% in three days, 2.9% overnight, but 2.3% off its low. Apple’s high valuation exposes it to China’s whims.

The ASX 200 flops again down another 34 points after an 87 point fall yesterday and despite the Futures being up 7 this morning. Resources lead the sell-off. Nothing much going on.

The ASX fell 14 points to 7157 (-0.2%) in an uneventful day of trade. For the week, the ASX 200 fell 121 points (1.67%). Strong economic data this week fuelled the higher-for-longer mantra, driving yields higher and market sentiment down. Most sectors are finished down today. Defensive sectors outperform, with Utility and Healthcare stocks the top performers. CSL +1.0%, RHC +1.1%, AGL +1.0% and CEN +2.9%. The iron ore trio BHP, RIO and FMG all fell between 1.2%-2.4%. Gold back

SPI Futures are down 37 but the market is down 73 – BHP ex-dividend – the US drop follows a 3.6% fall in Apple and another rise in bond yields on the back of hotter-than-expected ISM Services numbers. Hmmm. Just can’t seem to get this “Peak Rates” narrative to stick. Our ideas portfolio will look a bit dented this morning as the NASDAQ drops 0.88%.

The ASX 200 traded lower all day, closing down 86 points to 7171 (-1.2%). It was a sea of red today, with all 11 major sectors finishing lower. Miners weighed heavily on the market, with BHP ex-dividend (125c) and down 5.2% (239c) and the other iron ore giants RIO and FMG losing 2.5% and 2.3% each. Energy stocks were mixed, STO and WDS down over 1%, while BPT and STX rose 1.6% and 2.6%, respectively. Gold was mostly down, NST -1.4% and NCM off 0.4%, but CHN bounced 7.9% on broker upgrades although some of them have a corporate responsibility.…