End of Day Report Tuesday
ASX 200 rose strongly holding above 7000 closing up 58 points at 7007 (+0.8%).
ASX 200 rose strongly holding above 7000 closing up 58 points at 7007 (+0.8%).
ASX 200 rose strongly holding above 700 closing up 58 points at 7007 (+0.8%). Resources are back in fashion as FMG led the iron ore miners higher up 2.7%, with BHP and RIO also doing well. Lithium had a rare day in the green, PLS up 0.9% and MIN up 3.1%. Gold miners slightly higher.
US markets enjoyed a positive night on Friday. Bond yields stabilised during the session and no Hawkish surprises from Fed speakers. The Dow Jones rose 418 points (1.15%), the S&P gained 1.56% and the NASDAQ jumped 2.05%. The S&P rose above 4,400 and its 100-day moving average, and the NASDAQ’s rise was the biggest in…
SMALL CAP PORTFOLIO 2.45pm Updates Lithium remains on the nose. IVZ falling as more testing issues weigh. MQG getting whacked as ex dividend and more. Speculative Stock of the Day: 4DX +62% on CMS approves reimbursement for 4D Medical scans. Honorable mention to TG6 +27% SSOTD last week. Expanded lithium soil samples at Lake Johnston.…
SUMMARY ANZ Results – First look. Nothing to really spook the horses. Dividend surprise. Franking drops though. We are expecting a solid start to the session today given the moves in the US on Friday. Plenty of economic data this week. US shutdown looms again.
ASX 200 is down 7 points as a positive lead from the US quickly fades. Four sectors are up, two flat and five down. Utilities are the best performers today (not saying much) helped by ORG (+1.7%) which announced a special (conditional) dividend. Financials are the worst as ANZ drags the sector lower on results. CBA is slightly up 0.2%, WBC down 0.4%, NAB the standout up 1.3%. ANZ itself opened dow
The ASX 200 falls 28 points to 6949 (0.4%) in a quiet start to a big week. ANZ results dominated with a small sell-off after missing some targets and dividend franking levels. The Big Bank Basket dropped to
TECHNICAL SUMMARY NASDAQ hovering at the top of its medium-term downtrend. WDS oversold on a daily basis after oil’s sell-off. Nickel hits at 52-week low.
SUMMARY Alert but not yet alarmed. Powell turns hawkish. Bonds fall as US Auction disappoints. No need to change strategy just yet. A pause to reflect or a peak?