ASX 200 closed flat, up 2 points to 7311 (+-%), losing early morning gains, with mining and financials balancing the market. Iron ore giants were mixed FMG up 0.4%, BHP down 0.6%, and RIO off 0.4%. Goldman predicts a fall in iron ore prices this year. Iron ore futures in Singapore have fallen 11.6% from…
US markets concluded the week with losses all round as the latest batch of corporate earnings reports and new job statistics dampened market sentiment. The Dow Jones declined by 150 points (-0.43%). At its best, the Dow was up by 291 points, while at its worst, it was down 182. The S&P 500 and the…
MARKET AT MIDDAY The ASX 200 drifted down 20 points to 7305 (-0.3%) in a lacklustre start to the week following Wall Street’s Friday sell-off. Early weakness in the healthcare sector, didn't help particularly in Resmed (RMD) -4.3% following recent Q4 results. Technology stocks also getting hit, Block Inc (SQ2) -10.8%, Xero (XRO) -1%. Financials dropping lower after the Reserve Bank of Australia's policy settings…
ASX 200 drifted 16 points lower to 7309 (-0.2%) as iron ore miners and banks wallowed. WBC and ANZ, the worst performers ahead of CBA numbers Wednesday. The Big Bank Basket down to $176.94 (-0.2%). Insurers slid with QBE off 1.8% and SUN dropping 2.6%. MQG slightly firmer up 0.4% and GQG up 4.5% on…
These are our Weekly charts covering the Markets and Sectors – they give you a feel for the “Tide” and the undercurrents.
All three major US Indexes finished lower overnight after a choppy trading session as US bond yields hit nine-month highs and the dollar dipped following a US credit downgrade. Dow Jones fell 67 points (-0.19%). Dow at best up 66 points. Dow at worst down 160 points. S&P 500 posted its third straight decline, down…
MARKET AT MIDDAY The ASX 200 is up 3 points to 7315 (+0.1%) experiencing a hesitant start due to mixed performances across the market. Energy gained as Saudi Arabia extends production cuts. Woodside Energy +1.3%, Karoon Energy (KAR) +3.5%. The market has seen a sell off this week triggered by a US credit rating downgrade and a surge in US Treasury yields, impacting the ASX's performance.…
ASX 200 closed up 14 points to 7325 in a late surge. For the week the index dropped 1.1%. Banks held steady despite the ACCC knocking back the ANZ/SUN deal, The Big Bank Basket relatively unchanged at $177.25. MQG was slightly better up 0.8%, but REITs hit hard once again as 10-year yields continued to…
