MARKET AT MIDDAY ASX 200 up 105 points at 7241 (+1.5%) at midday, on track to clock its third straight day of gains. Interest rate-sensitive stocks led the gains, with financials, retail, and real estate all up. Bullion prices jumped overnight, helping boost our gold miners’ Northern Star Resources (NST) up 4.2% and Newcrest Mining (NCM) up 4.0%. Iron ore and lithium stocks are also stronger,…
ASX 200 closed up 111 points to 7247 (+1.6%), clocking its third straight session of gains. ASX 200, at best up 121 points, supported by miners and a big rebound in gold as bullion prices shot up. Aussie bond yields follow the US, 2Y down 10bps to 4.03%, 10Y down 7bps to 4.06%, and the…
US markets closed higher overnight, extending gains for the second session and ending just off best levels after rallying the last hour of trade. Dow Jones up 317 points (+0.93%). Dow at best up 344 points. S&P 500 up 0.67% (+16.09% YTD). NASDAQ up 0.55%. Markets await US CPI data tomorrow and the official start…
MARKET AT MIDDAY The ASX 200 is up 29 points to 7138 (+0.4%) ahead of the release of the US CPI report late tonight. The ASX 200 opened 0.7% higher, following gains on Wall Street overnight. Energy and mining sectors were the top performers, with Woodside Energy (WDS) +2.4%, Santos (STO) +1%, and Yancoal (YAL) +1.2% leading the way. Major mining companies also saw gains, while gold…
ASX 200 FIVE DAY CHART ASX 200 closed up 27 points to 7136 (+0.4%) in its second session of gains boosted by mining and energy stocks. Energy stocks tracking a rise in oil prices, with WTI crude futures hovering at their highest levels in over two months. WDS +2.7%, YAL +1.1%, and WHC +1.1%. Heavyweight…
Wall Street ended higher overnight in a muted day of trade ahead of CPI data Wednesday. Dow Jones up 210 points (+0.62%). Dow at best up 223 points. Dow at worst down 29 points. S&P 500 up 0.24%. NASDAQ was little changed up 0.18%. VIX +1.62%. US treasuries were lower, 2Y yields continued to come…
SUMMARY The most significant observation is a "Top in Tech". We have Weekly (more significant) sell signals on the NASDAQ and a number of Tech related ETFs. Weekly sell signals on the S&P 500 and S&P 100. Is the US topping out? A buy signal (Daily) on gold. Not a lot of ASX signals. The…
MARKET AT MIDDAY The ASX 200 is up 66 points to 7070 (+1%), rebounding from three-month lows, and on track set to snap its four-day losing streak. Gold and Lithium miners leading the advance on stronger metals prices, with Evolution Mining (EVN) +3.2% and Alkem (AKE) +2%. Tech stocks also performing well, with Wisetech (WTC) +1.8%, Block Inc (SQ2) +4.1%, and REA Group (REA) +2.5%. Aussie bonds dropping lower. 10-Year down 2bps and 2-Year down 7bps. Dow futures down 4 points.…
ASX 200 closed up 105 points to 7109 (+1.5%), lifted by mining and gold stocks snapping a four-day losing streak with all sectors in positive territory. Gold miners outperformed today as gold prices firmed slightly overnight, and the US dollar extended a small retreat. EVN +4.6%, NST +3.1%, and NCM +1.8%. Mining trio BHP, RIO…
