US equities inched higher overnight as markets weighed Fed commentary and steady factory data trying to determine whether a trend will form following the Fed’s rate cut last week. The Dow rose 61 points (+0.15%) in a range bound trading day. Up 127 points at best. Down 51 points at worst. S&P 500 advanced 0.28%…
Big Trouble in Little China – Could be a moment! JIN – Jarden upgrades – Adding another 1%. Uranium in focus – Three Mile Island
ASX 200 fell 11 points to 8142 (-0.1%) on a big day of divergence. The great rotation kicked in with resources doing very well following the PBoC firing its 'bazooka' and the banks fell after the RBA held rates unchanged for the same reason as last time. The Big Bank Basket fell to $240.49 (-2.8%)…
ASX to fall. SPI Futures down 68 points (-0.82%). The week ahead brings the RBA’s rate decision on Tuesday, where a hold is expected due to current inflation at 3.5%. While global central banks, including the Fed, have begun cutting rates, the RBA is unlikely to follow, with economists pointing to a February rate cut as…
Not much to go on this morning. Gold remains the standout in commodities. RBA this week – No change expected. US Check-Ins.
ASX 200 finished down 57 points to 8153 (-0.7%) despite hopes for Chinese stimulus and better US and European futures markets. Banks eased back led by CBA down 1.5% and the Big Bank Basket down 0.9%. Other financials mixed, ASX up 0.4% and CGF gaining 0.6%. REITs fell across the board, GMG down 1.5% and…
THE WEEK THAT WAS Once again it seems another false start for resources. Much anticipation for a PBoC rate cut and China stimulus has come to naught. We have seen a bunch of brokers start to talk about the commodity trade following the Fed move. Morgan Stanley upgraded the Three Amigos (BHP, RIO, and FMG)…
Good morning everyone. Wall Street didn’t do anything – our futures are interestingly down 68 points this morning. I think you can blame that on Resources, with BHP and RIO down 2.54% and 2.47%, reversing some of their 3-4% gains the day before. The ASX 200 was up 1.35% last week (+109) hitting a series…
Wall Street finished mixed overnight, following the previous day’s rally fuelled by the Fed’s upsized interest-rate cut. The Dow nudged higher by 38 points (+0.09%) reaching a record thanks to Nike's gains (+6.84%), while the S&P 500 fell 0.19% and the Nasdaq eased 0.36%. For the week, the S&P gained 1.36%, the Nasdaq 1.49%, and…
