MARKET AT MIDDAY The ASX 200 is down 3 points to 7243, after an early rise ahead of the RBA’s cash rate decision at 2:30 PM, where the market remains split on whether Lowe will raise rates by 25bps or pause. The latest RBA Rate Tracker implies an 84% likelihood for a hold. Gold and energy stocks leading…

The ASX 200 rallied 33 points to 7279 (+0.5%), bouncing back from 7,232 lows following the RBA’s decision to hold rates at 4.1%. The Aussie dollar fell 0.2% to 66.58c, and the 2Y yield was virtually unchanged, up 1bps. Gold miners are happy, buoyed by stronger bullion prices. EVN up 1.8%, NST gained 1.6%, NCM…

Dow Jones up 285 points on Friday (+0.84%). Up 345 at best. Up 148 at worst. NASDAQ +1.45%. S&P 500 +1.24%. One newswire described the last day of the half-year as the “Cherry on Top”. SPI Futures are up 29. The ASX 200 was up 104 points or 1.47% last week. The Tech sector led…

MARKET AT MIDDAY The ASX 200 continues its rally into the new financial year up 21 points to 7225 (+0.3%) at midday ahead of the RBA interest rate decision tomorrow. The consensus is that Lowe will hold rates following softer-then-expected CPI numbers last week. To read Marcus' EOFY breakdown, CLICK HERE. Aussie bond yields moving higher, 10Y yield up10bps, 2Y yield up 10bps.…

ASX 200 closed up 43 points to 7246 (+0.6%), supported by a rise in commodity prices, starting the new financial year off in the positive, extending gains from the previous session. At best ASX 200 up 51 points, at worst down 4 points. The Gold sector performed well today supported by the rise in bullion…

These are out weekly charts of the Markets and sectors – they provide a very quick idea of the currents running through the market at the moment

The Dow Jones closed up 270 points (+0.8%). Dow at best up 295 points. Dow at worst down 24 points. S&P 500 up 0.45%. NASDAQ finished muted, down 0.003% while treasury yields hit their highest levels since early March on robust economic data that has eased recession fears but raised the odds the Fed keeps…

MARKET AT MIDDAY The ASX 200 started with early losses before an 11am rebound, now heading for a weekly gain; The Market is up 7 points to 7202 (+0.1%). Private sector credit in Australia increased by 0.4% M/M in May, the same as a downwardly revised figure in the prior month Energy shares Beach Energy (BPT) +1.1% and Woodside Energy Group (WDS) +0.7%…

ASX 200 closed with a modest gain of 0.12% to 7203, up 8 points as EOFY came and went. For the week, the index is up 103 points or 1.5%. A mixed session with resources slightly firmer, BHP up 0.1% and FMG up 0.3% with lithium stocks drifting higher, PLS up 1.2% and IGO up…