ASX 200 continued to push slightly higher to 8013 up 31 (+0.4%) as once again we saw banks rally to record highs and resources fall to depressing lows. ASX 200 down 1% for the week. NFP to come. CBA hit a record up 1.5%, with the Big Bank Basket up to $246.10 (+1.5%). MQG kicked 2.4% on its…
BBOZ helps. Resources being smashed. The gulf between the ‘Fab Four’ and the ‘Three Amigos’ grows. Ausbiz-The Call On the Couch with Jonathon Higgins
ASX 200 rose 32 points with a late spurt to 7982 (+0.4%). Gains were modest as Michele Bullock poured yet more cold water on any rate cuts this year in a speech. Banks were again the strength. CBA up 1.0%, NAB up 1.5% and the Big Bank Basket up to $242.68 (+1.3%). MQG rallied 1.3%…
US equities closed mixed following a choppy trading session as treasury yields slumped on jobs data and Nivida extended its two-day sell-off to 11%. The Dow edged higher, up 38 points (+0.09%). Up 236 points at best. Down 96 points at worst. S&P 500 and NASDAQ closed lower, down 0.16% and 0.30%, respectively dragged down…
ASX 200 fell 153 points to 7951 (-1.9%) as all sectors suffered after big US and Asian falls. GDP coming in tepid at best did not help sentiment either. Resources were in the seller’s sights with iron ore majors under serious pressure, The Three Amigos showing big losses and FMG falling 8.5% ex dividend too.…
US equities slumped overnight, recording its worst day since the August 5th meltdown driven by economic concerns and a tech selloff. The S&P 500 lost 2.12%, and the NASDAQ 100 fell 3.15%, their worst start to September since 2015 and 2002. September being one of the markets' historically worst-performing months. The Dow traded lower all…
ASX 200 fell 7 points to close at 8103 (-0.1%). Pre-US trade resuming after the Labor Day holiday. Once again, the banks pushed up, and resources fell down. The Big Bank Basket rose to $245.06 (+1.0%). Other financials did well. MQG was up 1.3% on news that it has sold AirTrunk for $23.5bn. Insurers were…
US markets closed overnight for the Labor Day holiday. The STOXX 600 erased earlier gains slipping 0.02% just after hitting an all-time high on Friday. Blue chip STOXX 50 added 0.30% to close at 4,973, its highest level since mid-July. The German DAX reversed earlier losses, gaining 0.13% closing at a record high for a…
ASX 200 rose 18 points to 8113 (+0.2%), heading to an all-time high as banks shook off early nerves and sauntered higher. Just failed to hold the record. CBA up 1.6% and NAB up 1.3%, with the Big Bank Basket up to $242.68 (1.4%). MQG rose 0.6% and insurers also doing well, QBE up 0.9%…
