The ASX 200 Index is down 32 points to 7266 (-0.4%) experiencing a 0.1% decline at open, falling below 7,290 for the second consecutive session. The drop was influenced by losses in mining and energy stocks due to weakened iron ore and oil prices after softer Chinese economic data. Selling increased following the RBA minutes as it said more rate…
ASX 200 slid 15 points to 7284 (-0.2%) after an early loss kicked on by RBA minutes reminding all that there could be more rate rises to come. Banks held up with the Big Bank Basket up to $176.79 (1%). NAB led the charge higher, up 2% with ANZ up 1.7%. Insurers too in demand, QBE up 0.4% and some buying in financial services with GQG up 1.3%. ASX continues to struggle…
US markets closed out the week mixed on Friday as the US Q2 reporting season kicks off. Dow Jones up 114 points on Friday (+0.33%). NASDAQ -0.18%. S&P 500 -0.1%. All markets were higher for the week on softer-than-expected US CPI data followed by lower-than-expected PPI data, the lowest in three years. For the week,…
MARKET AT MIDDAY The ASX 200 Index declined 5 points to 7298 (-0.1%) as the market exercised caution ahead of the release of the RBA's June policy meeting minutes, which could provide insight into future interest rates. Market sentiment was also influenced by the upcoming release of Chinese economic data, given the country's status as Australia's largest trading partner. Woodside Energy (WDS) -1.1%, Newcrest Mining (NCM)…
These are out Weekly charts covering the Markets and Sectors – they give you a feel for the “Tide” and the undercurrents.
These are the tables showing you what happened in the MArket min the last week – it includes ETF performance as well.
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…
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…
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%,…
