ASX to rise on the opening bell today. SPI Futures are up 16 points (+0.20%). Not much happened over the weekend. Fresh economic data from China saw Industrial growth and retail sales numbers falling short of expectations. Looking forward to this week, central banks are in focus. FOMC is the main event, but the BoE…
ASX 200 kicked off the week on a positive note, gaining 22 points to 8122 (+0.3%), just 27.1 points away from its previous all-time high. Banks did most of the heavy lifting today as resources sagged on lagging commodity prices. WBC was in demand up 2.2% hitting a 52-week high, and the Big Bank Basket…
Good morning Everybody. Steady as she goes overnight. Nothing remarkable. SPI Futures up 16. The ASX 200 was up 86 points last week (+1.08%). The all-time intraday high was 8148.70 on August 1st – we hit 8143.60 yesterday. Dow Jones up 297 points (+.72%). It was up over a thousand points last week (+2.60%). S&P 500…
Wall Street ends the week on a positive note as markets raise bets for a bigger rate cut by the Fed next week. The S&P 500 rose 0.54% overnight, and is up 4% for the week, its best week since November and is within 50 points of its all-time high reached in July. The Dow…
THE WEEK THAT WAS Step into the void, The edge trembles, yet you leap— Winds may catch your fall. A positive week all around. The ASX 200 rallied 1.08%. Not bad considering September is a historically bad month. Interesting to see where the rally though is coming from. The much-hated resource sector. I wrote this…
US equities rose overnight after PPI data reinforced expectations for a 25bps cut by the Fed next week. The Dow Jones finished near session highs, up 235 points (+0.58%). Up 246 points at best. Down 196 points at worst. The S&P 500 gained 0.75%, with all sectors ending higher and the NASDAQ rose 1.0%, with…
ASX 200 rose 24 points to 8100 (+0.3%) having hit close to an all-time high and backed off. Banks sold off as resources rose. It was the turn of iron ore and gold miners to rally hard. FMG up 4.8% and BHP bouncing 2.1%. MIN up another 0.8% with gold miners hitting their straps. NST…
All three major US indexes closed higher overnight, with a rebound in tech stocks offsetting earlier losses following a disappointing inflation report, which crushed hopes for a 50bps cut from the Fed next week. Wide range from Dow overnight. Up 167 points at best. Down 744 points at worst. Finishing up 125 points (+0.31%). The…
ASX 200 kicked 88 points higher to 8076 ahead of ECB decision. Best day in three weeks. Back to within 72 points of an all-time high. Uranium and lithium stocks leading the charge. Gains across the board. Resources recovering as shorts getting squeezed hard, BHP the exception as it went Ex-Dividend. RIO up 1.9% and…
