SUMMARY The Apple Ban – moment or trend? I think it's a moment. Macquarie aftermath – still not buying. Good vibes on rates in the States. US CPI number next week. MIN ex-dividend. 10 Things That Waste your Time. A bit in the PRE-MARKET PODCAST today. DIARY No Australian data today. Japan Q4 GDP,…
The ASX fell 14 points to 7157 (-0.2%) in an uneventful day of trade. For the week, the ASX 200 fell 121 points (1.67%). Strong economic data this week fuelled the higher-for-longer mantra, driving yields higher and market sentiment down. Most sectors are finished down today. Defensive sectors outperform, with Utility and Healthcare stocks the top performers. CSL +1.0%,…
US markets closed lower overnight, with the Nasdaq’s 1.06% loss leading the declines as US treasury yields rose, pressuring tech stocks.
SMALL CAP NEWS Albermarle hopes to close out their bid for Liontown Resources (LTR) by mid-2024 – if you have to wait another 9 months for your money, then your return in nine months is 8.3% before tax. You can see why people are selling now. There is also a risk of course, that the…
The ASX 200 traded lower all day, closing down 86 points to 7171 (-1.2%). It was a sea of red today, with all 11 major sectors finishing lower. Miners weighed heavily on the market, with BHP ex-dividend (125c) and down 5.2% (239c) and the other iron ore giants RIO and FMG losing 2.5% and 2.3% each. Energy stocks…
SUMMARY SPI Futures down 37 on yet another bond yield rise. Just cannot get this 'Peak Rates' Narrative to stick. Get your kids to like me. Buying a stock in a Sentiment Hole. BHP ex-dividend today. Focus on next week's CPI number. Having a look at Macquarie later. On the ABC TV this morning around…
Markets in limbo as bond yields refuse to drop. Focus moves to the US CPI number next Wednesdsay.
Wall Street closed lower overnight, with all three major indices in the red pressured by rising bond yields and higher crude oil prices. Dow finished near worst levels, down 196 points (-0.56%). Dow at best up 34 points. Dow at worst down 202 points. The S&P 500 lost 0.42%, the Nasdaq edged lower, down 0.08%,…
ASX 200 fell 57 points to 7257 (-0.8%), falling for a second consecutive day with almost all sectors in the red. Energy outperformed again as oil prices continue to rise over worries about a supply shortage after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year. WDS up 1.3%, COE jumped…
