Great PPI numbers. Good Jobless number. Bond yields drop again. Eyes on PCE Price index number on June 28. Big Tech carries on – Adobe up 16% after hours. Nvidia up 3.5%. Europe worrying about politics. Resources down again as the US dollar rises. Australian Iron ore producers trapped in China. Education Corner – The Thing That Waste Your Time – Part 3
The ASX 200 has finished the week down 25 points (-0.3%) to 7724 as traders went risk-off ahead of the weekend. Telecom was the worst performing sector after a 0.85% drop in TLS and 3% fall in CAR. Technology failed to rally behind the relentless NASDAQ, ending next worst. WTC down 2.8%, XRO down 0.6%…
ASX 200 limped to a 34-point rise to 7750 (+0.4%), following the US higher without great enthusiasm. Jobs numbers this morning point to no reason for the RBA to cut rates. Meeting next week. Once again, it was a tale of two sectors. Banks up, and resources down. The Big Bank Basket continued to trundle…
Wall Street ended mixed overnight. The S&P 500 and NASDAQ both posted record closing highs for a third consecutive session, gaining 0.85% and 1.53%, respectively, with the S&P 500 topping 5,400 for the first time in its history. The Dow fell 35 points (0.09%), losing its morning gains. Up 373 points at best. Down 126…
Added BOE yesterday 400c. ASX 200 to bounce. 7700 holds. 7800 possible. Commodities rally on Fed speak.Teflon market continues. Powell nails it. The Call yesterday.
SUMMARY Fed and US CPI risk out of the way. Adding new trades: WDS, NST, EVN, AD8, EOS. Oil up again overnight. Adding WDS after a broker upgrade yesterday. Bond yields down in the US after softer than expected inflation. Adding two gold trades NST and EVN. Adding AD8. Bottoming at the $15 support level.…
INVESTMENT SCAMS WARNING Scott Phillips (Motley Fool) has now had his imagery used in the same way Dominic Stevens (ASX CEO) has had his image used and abused in social media posts that show both of them inviting Australians to join a WhatsApp investment group guaranteeing 60% returns. It goes without saying that there are…
US equities ended mixed overnight. The S&P 500 and NASDAQ rose 0.27% and 0.88%, closing at record highs for a second consecutive session, pushed higher by Apple gaining 7.3% after it unveiled new AI features meant to boost demand for iPhones. Trading lower all session, the Dow fell 121 points (-0.31%), down 422 points at…
