Europe's STOXX 600 reached its highest level in over two years, buoyed by gains in healthcare stocks overnight. The index closed 0.16% higher, marking its fourth consecutive day of gains, with the STOXX 50 also hitting a new 23-year high. Volumes were light due to a public holiday in the US. Healthcare stocks rallied, led…
LTR looking interesting. HZR Capital raise. NEU short sellers attack. Maybe one to look at. Results dominate. MP1 today. Early weakness.Too much expectation.
SUMMARY BHP results today, Iron Ore down. Share price still in downtrend. Not buying. MQG in uptrend but toppy. Not buying. WBC hits a 52-week high and goes overbought after positive results yesterday. WDS drifts lower. ALD meanwhile hits a 52-week high. COH prints a daily sell signal after falling on results yesterday. OBSERVATIONS BHP…
Wall St closed – SPI Futures up 1. Stocks we hold with results today – BHP, SHL, MMS. We have a look at WBC and COH – we hold – results yesterday. Results season is all about dodging bullets. LLC down 14% yesterday. CBA ex-dividend tomorrow – High enough but not scary. Nvidia results this week will be a signpost. The definition of backcasting – Goldmans ups their S&P 500 target.
ASX 200 slips slightly by 6 points to 7659 (-0.1%). Big day again for results, ANZ got the green light for its SUN Banking business acquisition. Good for SUN, not maybe so good for ANZ down 2.2% on the news. WBC rose 2.6% on broker upgrades, the Big Bank Basket rose slightly to $204.22 (+0.1%).…
PMT takeover talk. Sentiment shift-Government backs nickel and lithium. To EV or Not to EV – That is the question? Usual US Check-Ins.
The ASX200 is up 22 points (0.3%) in a quiet start to the week. Big miners are keeping the market in the green today as China reopens. BHP, RIO and FMG up 1.8%, 2.1% and 1.7% after the former two fell last week. REITs are the worst performing sector after bond yields rose on Friday…
ASX 200 finished slightly higher by 7 points to 7666 (0.1%) in a quiet day. Results once again dominated as US market closed tonight for Presidents' Day. Resources were the steadying influence today on hopes of Chinese stimulus and better economic news post the LNY. BHP up 0.9%, RIO up 1.6% and FMG flat. Selected…
Wall St closed lower on Friday night after the last economic data reduced the chances of a near-term Fed rate cut. The Dow Jones fell 145 points, the S&P 500 down 0.45% and the NASDAQ the worst. Off 0.82%. The three major indices finished the week lower after five positive weeks in a row. Core…
