TODAY’S STORIES Sezzle Inc (SZL) – Reported an 18% increase in income to $11.6m in May, but also recorded a net loss of $1m during the same period. APA Group (APA) – Announced a final distribution of 29c for the six months ending in June, bringing the total distribution for the year to 55c, in…
ASX 200 finished down 96 points at 7100 (-1.3%) with another day of losses, the third in a row. 2.1% for the week. Once again, no real reason apart from Powell and the lack of Chinese stimulus perhaps, 10bps not really cutting it. Banks did a substantial nosedive with the Big Bank Basket dropping to $167.86 (-1.6%). CBA fell 1.6% and ANZ off 2.1%. MQG also falling hard with insurers in the red too. Industrials fared slightly better in the bloodbath, WOW and COL kept their heads above water, TLS only fell 0.5%, and BXB and other industrials managed small…
This is the Daily Members Exclusive podcast from Marcus, which runs through the Portfolios and updates on Strategy and anything else interesting today. This is all you need to know every day as a Marcus Today Member. If all is running well it will be published before 12:30pm
US equities fell overnight as Fed chair Powell reinforced the banks objective to rein in inflation, pointing to more rate hikes.
US equities start the holiday-shortened week in the red off-session lows in a very quiet trading day following a big rally last week that saw the S&P 500 and the NASDAQ having their best weekly performance since March. Dow Jones down 240 points (-0.72%). Dow at worst down 383 points. S&P 500 down 0.49%, YTD, including yesterday’s…
US markets closed overnight for the Juneteenth holiday. Global equities were down, falling from 14-month highs hit last week as markets awaited testimony from Fed Chair Powell later this week. No change in the broader narrative, European markets are in a holding pattern ahead of monetary decisions from BoE (Thursday), Swiss National Bank and Norges…
Winners: CTT, MFG, RF1, GRR, 360, LLL, CCP Losers: LKE, RED, NVX, MYR, PMV, AX1, ALX Positive sectors: Banks. REITs. Oil&gas. Iron ore. Consumer.
In the week ahead, all eyes will be on RBA’s latest meeting minutes tomorrow for insights on the latest unexpected rate hike and policy stance
