US equities finished mixed overnight. Blue chip Dow Jones closed down 72 points (-0.22), weighed down by healthcare stocks. Dow at worst down 171 points. S&P 500 was essentially unchanged, down 0.04%, and the NASDAQ gained 0.27% after Powell reiterated that interest rates would rise further this year and that he did not see inflation falling to its…
MARKET AT MIDDAY The ASX rallied at the opening bell, despite SPI futures 5 point lower overnight. The ASX 200 dropped lower after the release of jobs numbers and Retail sales at 11:30 as Retail sales beat forecasts of 0.1%, coming in at 0.7%. Market at midday up 7 points (+0.1%) to 7204. Job vacancies in…
ASX 200 closed down 2 points to 7195, sinking from early gains after Retail sales show signs of resistance, coming in at 0.7% for May compared to 0.1% forecast. Consumer discretionary had an obvious boost from the higher retail numbers, EDV up 0.6%, DMP up 2.1%, and BBN jumped 7.4%. Banks continued to rally, ANZ…
MARKET AT MIDDAY The ASX rallied at the opening bell, climbing 43 points in the first 10 minutes of trade, tracking gains on Wall Street overnight, with Healthcare, Technology, and Consumer Discretionary stocks leading gains. At 11:31, the ASX 200 jumped 1% to 7,190 after inflation data came in cooler than expected at 5.6% in May, vs…
ASX 200 closed up 78 points to 7197 (+1.1%), boosted by cooler-than-expected inflation results. The Aussie dollar fell to 66.43c (-0.6%), and the 2Y and 10Y bonds took a hit following inflation results, before closing down 6bps and 5bps, respectively. Interest rate-sensitive sectors performed well. Consumer discretionary the best-performing sector today WES up 1.3%, JBH…
Wall Street closes higher overnight, ending near best levels. Dow Jones up 212 points (+0.63%). Dow at best up 261 points, snapping a six-day losing streak. Tech megacaps led the round, with the NASDAQ up 1.65% and the S&P 500 up 1.15%, halting a two-day drop. Upbeat economic data eased recession fears while the dollar…
Wall Street lost ground overnight, ending near worst levels as worries about the impact of further interest rate hikes mounted and crude prices advanced over aborted Russian mutiny over the weekend. Tech and mega-cap stocks led the losses as traders unwound bets that the Fed will cut interest rates this year, NASDAQ down 1.16%, and…
ASX 200 is up 41 points to 7120 (+0.6%) snapping a four-day losing streak supported by heavyweight financials and resource stocks. PointsBet Holdings (PBH) Trading halted pending material announcement. Vulcan Energy Resources (VUL) +0.9% Signs a binding term sheet with SLB for its Zero Carbon Lithium Project. Immutep (IMM) -0.9% Completes a retail entitlement offer, raising $6.5m at 26c. Nib Holdings (NHF) -1.6% Delays private…
The ASX 200 up 40 points to 7118 (+0.6%) snapping back from a 4-day losing streak ahead of CPI numbers tomorrow. REITS saw the biggest gains today as the NSW premier announced an increase in height restrictions for apartment building in Sydney. GMG up 1.2% and SCG up 4%. Banks gained after their recent drop…
