Pre-Market Report Friday

Michele Bullock has been announced as the next governor of the Reserve Bank of Australia (RBA), replacing incumbent Philip Lowe, who has served in the role since 2016. US equities extended recent gains ending up for a fourth-straight session while the dollar and bond yields continue to slide. Dow Jones up 48 points (+0.14%). Dow…

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End Of Day Report Friday

ASX 200 closed up 56 points to 7303 (+0.8%) for a 3.7% gain for the week recovering last week’s losses and then some, as bond yields slid and the Aussie dollar strengthened. Everything was up with the exception of healthcare, weighed down by losses in CSL and RMD, down 1.3% and 1.2%. Tech and miners driving…

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Pre-Market Report Thursday

Global equity markets rallied overnight, with Wall Street ending near best levels after softer-than-expected inflation. Dow Jones up 86 points (+0.25%). Dow at best up 326 points. Tech stocks boosted the S&P 500 +0.74% and NASDAQ +1.15%. VIX eased 8.8%, and the dollar and bond yields retreated on the CPI news. USD Index down 1.19%,…

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Midday Report Thursday

MARKET AT MIDDAY ASX 200 up 105 points at 7241 (+1.5%) at midday, on track to clock its third straight day of gains. Interest rate-sensitive stocks led the gains, with financials, retail, and real estate all up. Bullion prices jumped overnight, helping boost our gold miners’ Northern Star Resources (NST) up 4.2% and Newcrest Mining (NCM) up 4.0%. Iron ore and lithium stocks are also stronger,…

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End Of Day Report Thursday

ASX 200 closed up 111 points to 7247 (+1.6%), clocking its third straight session of gains. ASX 200, at best up 121 points, supported by miners and a big rebound in gold as bullion prices shot up. Aussie bond yields follow the US, 2Y down 10bps to 4.03%, 10Y down 7bps to 4.06%, and the…

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Pre-Market Report Wednesday

US markets closed higher overnight, extending gains for the second session and ending just off best levels after rallying the last hour of trade. Dow Jones up 317 points (+0.93%). Dow at best up 344 points. S&P 500 up 0.67% (+16.09% YTD). NASDAQ up 0.55%. Markets await US CPI data tomorrow and the official start…

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Midday Report Wednesday

MARKET AT MIDDAY The ASX 200 is up 29 points to 7138 (+0.4%) ahead of the release of the US CPI report late tonight. The ASX 200 opened 0.7% higher, following gains on Wall Street overnight. Energy and mining sectors were the top performers, with Woodside Energy (WDS) +2.4%, Santos (STO) +1%, and Yancoal (YAL) +1.2% leading the way. Major mining companies also saw gains, while gold…

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End Of Day Report Wednesday

ASX 200 FIVE DAY CHART ASX 200 closed up 27 points to 7136 (+0.4%) in its second session of gains boosted by mining and energy stocks. Energy stocks tracking a rise in oil prices, with WTI crude futures hovering at their highest levels in over two months. WDS +2.7%, YAL +1.1%, and WHC +1.1%. Heavyweight…

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