US equities finished in the green overnight on July’s last trading day, closing near best levels. Dow Jones up 100 points (+0.28%). Up 108 points at best. Down 29 points at worst. S&P 500 and NASDAQ added 0.15% and 0.21%, respectively. All three major indexes ended with gains for the month, Dow up 3.32%, and…
RBA INTEREST RATE DECISION – HOLD The Board decided to keep the cash rate target at 4.10% and the interest rate on Exchange Settlement balances at 4.00%. Interest rates have increased by 4 percentage points since the previous year to balance supply and demand in the economy. Inflation in Australia is declining but still high…
ASX 200 up 40 points to 7451 (+0.5%) as shares rallied slightly further in the afternoon after the RBA announced it was leaving the cash rate unchanged. The Aussie dollar fell 0.8% to 66.66c, and bond yields took a hit. 2Y and 10Y bond yields fell 9bps and 8bps, respectively. Gold miners were golden today thanks to Lowe, NCM up 1.4%, EVN up 2.4% and NST +1.6%. Major iron ore…
The US stock markets experienced gains all round last week, with US Treasury yields weakened after hitting two-week highs following the BoJ decision to tweak its ultra-loose monetary policy. The Dow Jones gained 177 points (+0.5%), ending the week on a win. At its best, the Dow was up by 283 points, while at its…
MIDDAY REPORT The ASX 200 is up 11 points to 7414 (+0.1%) recovering some losses from Friday’s session, driven by the technology sector. Carsales.com (CAR) +2.4% and Xero (XRO) +0.3%. The positive sentiment was also influenced by gains on Wall Street on Friday, attributed to easing inflationary pressures in the US, which reduced the likelihood of further monetary tightening from the Federal…
ASX 200 closed up 7 points to 7410 (-0.1%) in a narrow day of trading, boosted by a lower US inflation rate. Resources mixed after China’s manufacturing activity shrank for a fourth month this year. Iron ore miners slightly higher S32 up 0.8%, BHP up 0.5% and RIO up 0.4%. Energy continuing its bull run…
These are our Weekly charts covering the Markets and Sectors – they give you a feel for the “Tide” and the undercurrents.
These tables show you what happened in the Market last week – it includes ETF performance as well.
US stocks ended lower overnight, ending near worst levels as strong economic data showed the resilience of the economy, paving the way for the Fed to continue its tightening cycle. Dow down 237 points (-0.67%), snapping 13 straight sessions of gains dragged down by Microsoft -2.09% and Visa -1.12%. Dow at best up 125 points.…
