Midday Report Tuesday

Reports Section

MARKET AT MIDDAY The ASX 200 is up 66 points to 7070 (+1%), rebounding from three-month lows, and on track set to snap its four-day losing streak. Gold and Lithium miners leading the advance on stronger metals prices, with Evolution Mining (EVN) +3.2% and Alkem (AKE) +2%. Tech stocks also performing well, with Wisetech (WTC) +1.8%, Block Inc (SQ2) +4.1%, and REA Group (REA) +2.5%. Aussie bonds dropping lower. 10-Year down 2bps and 2-Year down 7bps. Dow futures down 4 points.…

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End Of Day Report Tuesday

Reports Section

ASX 200 closed up 105 points to 7109 (+1.5%), lifted by mining and gold stocks snapping a four-day losing streak with all sectors in positive territory. Gold miners outperformed today as gold prices firmed slightly overnight, and the US dollar extended a small retreat. EVN +4.6%, NST +3.1%, and NCM +1.8%. Mining trio BHP, RIO…

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Pre-Market Report Monday

Reports Section

The ASX 200 fell 121 points on Friday, closing at its worst levels, and finished the week down 2.24%, losing all of the previous week’s gains. PMT was sold off down 7.37% due to a short report from Night Market Research which outlined damming claims such as “its leadership team has a history or shareholder…

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Midday Report Monday

Reports Section

MARKET AT MIDDAY The Australian share market, bounced back after a drop last week. The market opened with up 0.5%, driven by the materials and energy sectors. Mining stocks rose by 1%, with gold producers De Grey Mining (DEG) +3.2%, Regis Resources (RRL) +4.1% and Newcrest Mining (NCM) +1.4% experiencing notable gains. Iron ore giants BHP Group (BHP) +0.2% and Fortescue Metals (FMG) +0.1%, also saw positive movement. GQG Partners (GQG),rose 3.1% after…

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End Of Day Report Monday

Reports Section

ASX 200 closed down 38 points to 7004 (-0.5%) after a jump of 42 points at the opening bell, rebounding from last week’s sell-off before the market turned lower on weak consumer inflation data from China. Gold outperformed today, tracking an uptick in bullion prices. NST and NCM up 1.8% and 1.1%, respectively. Energy stocks…

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Midday Report Friday

Reports Section

MARKET AT MIDDAY The ASX experienced a broad sell-off, with the ASX 200 dropping 114 points to 7049 (-1.6%) as shares of Block Inc (SQ2) tumbled 5.4%. Concerns over potential interest rate hikes by the US Federal Reserve and Reserve Bank, sparked by hotter-than-expected US jobs data, led to selling across all sectors. Fund managers hit the hardest, with Pinnacle Investment Group (PNI) down…

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End Of Day Report Friday

Reports Section

ASX 200 fell 121 points to 7042 (-1.7%). Another soggy end to the week. ASX 200 down 2.2% for the week. Losses across the board from the open, banks hit hard with the Big Bank Basket down to $168.52 (-1.5%) led lower by CBA down 1.7% and MQG down 1.3%. Insurers dropped despite a huge rise in…

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Pre-Market Report Thursday

Reports Section

US stocks closed lower overnight following July 4th Independence Day holiday as the market digests the latest FOMC meeting minutes, trade barriers from China and oil output cuts from OPEC+. The Dow Jones closed down 130 points (-0.38%). Dow at worst down 191 points. S&P 500 down 0.2% NASDAQ fell 0.18, and the VIX rose…

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