Pre-Market Report

Wall Street finished slightly lower overnight after initial jobless claims data pointed to a resilient labour market. The Dow Jones flatlined, down 10 points (-0.03%). Up 45 points at best. Down 188 points at worst. The S&P 500 fell 0.13% but remains above its 200-day moving average, while the NASDAQ fell 0.12%, posting 24 new…

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Henry’s Take

Updates 11.52am – HK Portfolio UMG has just announced a deal with the French at 500c. Will get the green or red light on or close to next Thursday. In the weekend edition, I will run through the NCM deal as it draws to a close in the next few weeks. It was never part of the…

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Marcus Take

SUMMARY For Whom the Bell Tolls – The bell has rung at the bottom for one day, it's not enough. But it's interesting. See the ASX 200 chart. Same levels as the March low. Coming up – Jobs number tonight. CPI number next week. Fed Minutes and the US results season. Some big quality industrials…

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End of Day Report Friday

ASX 200 rose 29 points to 6954 (+0.4%) ahead of NFPs tonight. Banks led the charge higher with the Big Bank Basket at $175.74 (+1.2%). CBA up 1.1%, with WBC the standout, up 2.1%. Insurers rallied, QBE up 2.7%, and MQG doing better up 0.5%, but MFG fell 18.5% on lower FUM numbers again. REITs…

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Pre-Market Report Thursday

Dow Jones up 127 points (0.39%) as weaker than expected ADP Employment numbers and Services PMI numbers took the pressure off bond yields as did a 5% fall in the oil price. Markets are bouncing from oversold conditions. The S&P rose 0.81% and the NASDAQ up 1.35% as bond yields retreated after hitting multi-year highs…

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Henry’s Take – Dazed and Confused?

SUMMARY Shrinking in uncertain times. Gina buys more LTR. Inevitably thoughts turn to days of yore and Octobers past. Confused and happy to be sidelined for now. Some interesting chart correlations. Will 6900 be the support level? On The Call yesterday talking some interesting stocks, including LTR and PMT. SMALL CAP PORTFOLIO 2.45pm Updates Nothing…

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