End Of Day Report Tuesday

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…

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Pre-Market Report Monday

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,…

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Midday Report Monday

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)…

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Pre-Market Report Friday

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…

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End Of Day Report Friday

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…

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Pre-Market Report Thursday

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%,…

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Midday Report Thursday

MARKET AT MIDDAY ASX 200 up 105 points at 7241 (+1.5%) at midday, on track to clock its third straight day of gains. Interest rate-sensitive stocks led the gains, with financials, retail, and real estate all up. Bullion prices jumped overnight, helping boost our gold miners’ Northern Star Resources (NST) up 4.2% and Newcrest Mining (NCM) up 4.0%. Iron ore and lithium stocks are also stronger,…

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