ASX closed up 22 points to 7600 (+0.3%) after shooting higher in morning trade. It hit near record highs before a sell-off. Banks eased back very slightly, with WBC down 0.5% and Big Bank Basket unchanged at $198.79. Insurers eased back, with QBE down 2.2% and SUN off 2.0%. Other financials eased back too, MQG…
Wall Street kicked off the week with gains in both stocks and bonds, after the Treasury surprised the market by reducing its quarterly borrowing estimate to $760bn, pushing yields lower and lifting tech stocks up. The S&P 500 set another record closing high, topping 4,900, up 0.76%, while the Dow Jones rose 0.59% and the…
SUMMARY All four of the big banks hit 52-week highs. MQG holding a nice uptrend. BHP falls yesterday. Short bounce has stalled. WDS hits a 2-month high on oil’s gain. Chart improving. GOR gets dumped into oversold territory after reporting yesterday. PDN holds up well in yesterday's Uranium sell-off after some broker upgrades. All four of the…
Wall St closed mixed on Friday night in narrow trade. The Dow Jones rose 60 points (0.16%) while the S&P 500 and NASDAQ fell 0.07% and 0.36%, hindered by Intel’s 12% drop. US inflation data came in largely in line with expectations and didn’t shock the market. The PCE price index rose by 0.2% in…
Adding a 3% weighting in GQG – FUM inflows. 9.5% yield. Reporting season preview. US Check-Ins. Ask the Analyst. Walk like an Egyptian.
Where the US goes, we will follow. NAN and DMP – Do Not Disappoint! Great TV and a new book.
AUSTRALIA DAY The ASX is closed today for Australia day. We will send out a morning Marcus Lite email comprising the overnight table and any major news of note to cover global markets. Tomorrow, the normal overnight coverage and weekly stock summaries will be published, along with a short take from Marcus and Henry. Wall St closed higher…
Wall Street finished mixed overnight. The S&P 500 marked its fourth consecutive record-high close, driven by strong quarterly results from Netflix +10.7% and positive reports from chipmaker ASML +8.85%. NASDAQ Composite rose 0.36%, now ~4% below its 2021 all-time high, while the NASDAQ 100 advanced 0.3%, hitting record highs. The Dow Jones fell 99 points…
Lithium are we there yet? Conspiracy theories abound. Is Uranium set for a similar boom and bust cycle? Quick Takes – Maverick IPO
