ASX Today
ASX 200 is up 21 points in cautious trade ahead of the RBA tomorrow. Banks are firm and WBC results helping with the stock up 3.6% on a $1.5bn buyback and a $7.2bn profit. MQG giving back some of its gains fro
ASX 200 rose 19 points to 6998 (0.3%) in cautious trade ahead of the RBA tomorrow. Banks were firm and WBC results helping with the stock up 2.0% on a $1.5bn buyback and a $7.2bn profit
And we’re off – Today we get out of cash and back into the market
US equities rose sharply higher overnight, a day after the Fed hinted it may be done with interest rate hikes and a batch of upbeat quarterly earnings updates added to the bullish sentiment. The Dow ended near best levels, up 565 points (1.70%). Dow traded higher all day, with a high of +578 points and…
SMALL CAP PORTFOLIO 3.10 pm Updates Will add 1% weighting in MP1 at 1007c Also adding a small position in HZR of 2% at 62c. Will also add a 1% holding in ABB at 360c on the capital raising. Would add more on a fall below the CR price. SYM deal is a good one.…
ASX 200 closes up 79 points to 6878 (+1.1%). Strength straight out of the blocks on US moves higher. Banks as always leading the charge, with CBA up 1.5% and WBC doing well too, up 1.6%. The Big Bank Basket higher at $176.09 (+1.5%). MQG results this morning had an initial sell-off but rallied to finish up 1.8%.…
Wall Street finished higher overnight, ending near best levels as markets reacted to the Fed’s interest rate decision and Powell’s remarks about keeping rates steady.
SMALL CAP PORTFOLIO SUMMARY ORG seems to be a halfway lob not a tap in. Uranium stocks in focus. Graphite too. Added WBT and LTR weightings yesterday. Looking at MP1 as an add. President Macron goes to Kazakhstan Kochie gets a tip from a Qantas steward. Ask the Analyst tomorrow at 5.30pm 2.45 pm Updates…
FED MEETING – Rates left unchanged as expected. Unanimous decision. Fed’s pause continues. Two months of pauses suggests they may be done. The meeting was not hawkish which was seen as dovish raising hopes that the Fed may have seen the last rate rise.