Iron ore up, Resources up, A$ up 1%, US$ down – just what we wanted. But it gets better – NASDAQ up over 1%. Tesla transforms into an AI behemoth thanks to Morgan Stanley. Chinese economy through the worst? Anticipating a good CPI number. 80% of Economists think rates will be lower next year.
Wall St finished higher on Friday, helped by a rise in energy stocks. The Dow closed 76 points higher (+0.22%). Up 127 points at best. Down 27 points at worst, while the S&P 500 and the Nasdaq added 0.1%, helped by gains in Apple +0.3%, stopping a two-day losing streak. China’s inflation data came out over the weekend. CPI rose by 0.1%…
Very challenging day as a small change in our data feed means we have to rebuild all our spreadsheets. Killing us. SPI Futures up 4. Quiet. Waiting for the CPI number on Wednesday to give us a lead, or not. Biden talks to Li in the absence of Xi at G20. Tensions ease. Japan to…
In a surprising turn of events, the ASX 200 reversed earlier losses and ended the day on a high note, closing up 36 points at 7192 (+0.5%), snapping a four-day losing streak. The iron ore price (up 2.4%) drove a recovery in Resources and the Aussie dollar with only some Chinese Credit numbers (more credit lending than…
I was complaining yesterday that there was nothing going on. This morning the SPI Futures are up 1. Still nothing going on. In fact I think the Reuters journalists that write the market reports haven’t bothered today – must be Rugby fans. Dow Jones up 76. It was up 127 at best and down 27…
OVERNIGHT TABLE GLOBAL STOCKS US SECTORS ON THE CALENDAR Reporting season ended last week. A handful of companies reporting this week. AIC AGM today. ECONOMIC FRONT Ex-dividend on Today – MIN (70c), WTC (8.4c), GDG (1c), NEC (5c), OCL (13.5c), PPC (4c), Next FOMC Meeting – September 20. China inflation rate Saturday. Henry on holiday for three weeks. I’m on Small Cap…
US markets closed mixed overnight. The Dow edged higher 58 points (+0.17%) supported by a 3.24% jump in shares of Intel. Dow at best up 118 points. Dow at worst 92 points. The Nasdaq fell 0.89% weighed down by Apple, down 2.9% falling for a second consecutive day, wiping out $190bn in value over the…
LTR holding above 300c as Gina Reinhart is thought to be taking her stake from 4.9% to 10% to get a seat at the table for a higher bid or maybe as a Trojan Horse for a Mineral Resources play – The Australian headline today – "Talk Gina Rinehart has bought into Liontown Resources suggests…
