ASX 200 rose another 48 points to 7088 (+0.7%) up for a fifth consecutive session, bouncing back from 6,890 levels just last Wednesday. Almost all sectors finished higher. Consumer discretionary is the top performing sector today as RBA rate hike expectations tapered off, ALL up 1.1%, DMP up 2.9%, and TLC gained 1.3%. Iron ore got a…
US markets finished higher overnight, recovering earlier losses following fresh remarks from Fed officials bolstering confidence the Fed will refrain from lifting rates this year amid rising oil prices and conflict between Israel and Hamas. The Dow finished near best levels, up 197 points (+0.59). Dow at best up 224 points. Dow at worst down 154…
Daily buy signals on the US markets seem a bit incongruous given the rise in the oil price and the inflation pressure that creates.
SUMMARY Rally continues. May get another chance to sell some KAR at 270c. Gold exposure in DEG. Missed the bottom. Maybe worth a look at GMD. Plenty of shorts in this one. TGF at a 20% discount to NTA and exposed to gold and uranium. Shame about the lithium and base metals. Target 180c. RMD gets some good news on…
Short term buy signals on the US market. Is the Hamas-Israel conflict a factor? Telstra – dividend coming. Worth buying? The Bank Sector Results season details. Is it worth dividend stripping the banks?
ASX 200 blasted 70 points higher to 7041 (+1.0%) as bond yield fell hard on safe-haven buying of bonds. Talk of rate cuts as Israel/Hamas conflict the focus. Gold miners are better but not spectacular, with NST up 1.5% and EVN up 0.3%. Lithium plays bouncing hard as a short squeeze takes hold. PLS up 6.2%,…
The Dow Jones rose 288 points (+0.87%) in a choppy day of trade on Friday night. Up 438 at best. Down 273 at worst. The S&P 500 and NASDAQ registered their largest daily gain since late August, up 1.18% and 1.6%. Non-farm payrolls rose the most in eight months, signalling a tight labour market. Markets initially fell after jobs data but…
2.30pm Updates Gold miners going well. I am not convinced the rally will last given the US futures are down around 200 points. Looks like the US is getting a little concerned about events in the Middle East. For now, we have seen modest increases in oil and gold and some safe-haven buying in the…
DIARY NEXT WEEK Inflation data will be the main release next week. US core and headline inflation on Thursday night and Chinese inflation on Friday night. In the US YoY inflation rate is expected to rise slightly from 3.7% in August to 3.8%. Any number higher than expected will put more pressure on the Fed to raise…
