Henry’s Take
The rally continues. Sold 2% weighting in APM yesterday. Adding AD8 if the price is right. BHP – Winter is Coming! CBA – Too Exxy?
Read more
End of Day Report – Australian Unemployment Rate Rises to 4.2% in July
ASX 200 gave up most of its gains to be up only a modest 15 points to 7866 (+0.2%) after being skewered by jobs data and iron ore prices in Singapore. Economic data showed the jobs market was still tight despite the headline number rising to 4.2%. Iron ore slid again in Singapore on Chinese…
Pre-Market Report – Google Showcases New Line of AI-Powered Phones and Gadgets
Wall Street closed higher overnight, hitting a two-week high after soft PPI data reinforced bets of rate cuts in September. The S&P 500 climbed 1.68%, clocking its biggest four-day rally this year, led by tech stocks. Starbucks was the top-performing stock in the index, rallying 24.5% after appointing Chipotle head Brian Niccol as chairman and…
End of Day Report – CBA Beats Forecasts – Iron Ore Slump Continues
ASX 200 rose another 24 points to 7851 (+0.3%) as iron stocks fell hard on Asian price falls. BHP, RIO and FMG dragging the index back from 7910 high. BHP down 2.8% and FMG crashing 4.6%. Iron ore futures in Singapore sank a further 2.3% to $US96.25 a tonne. Other resource sectors pulled lower. Lithium…
Henry’s Take
Picking off opportunities during volatility. A results roundup CBA Net Cash $9.7bn expected. Gold back in focus. CNBC talks gold, copper and silver!
Pre-Market Report – Price Battle in China Slips from Apple’s Grasp, But Long-Term War May Be Won
US equities ended mixed overnight after a choppy day of trade. The Dow slipped 141 points (-0.36%). Up 90 points at best. Down 246 points at worst. The S&P 500 finished unchanged after two straight days of gains last week, rebounding from last Monday's sharp sell-off that shook markets around the globe. Tech-heavy NASDAQ rose…
End of Day Report – Worst Day Since February for CSL as Shares Take a Dive Following Results.
ASX 200 rose 13 points to 7827 (+0.2%) in quiet cautious trade ahead of US PPI tonight. Results are once again the focal point. Solid numbers from TPW and good guidance helping the retail sector again, with JBH up 4.0% on broker upgrades, PMV rose 1.2% and HVN pushing 1.9% ahead. Banks, as always were…
Henry’s Take
Good start to the week ahead. Big week again. US CPI and local jobs. A look at EM Vision Medical(EMV) Wills – Good advice
Overnight Friday – Sources Reveal Cisco’s Plan for a Second Job Cut This Year, Thousands to Be Laid
Wall Street ended the week on a calmer note in an uneventful day of trade. The S&P rose 0.47%, almost regaining all its losses since Monday's sharp sell-off, triggered by the unwinding of yen-funded carry trade and fears of a recession. The Dow edged higher, up 51 points (+0.13%). Up 182 points at best. Down…