Tech stocks dragged Wall Street lower overnight, and oil prices rose, deepening worries about persistent price pressures ahead of the US CPI reading tonight. The Dow Jones fell 18 points (-0.05%). Up 189 points at best. Down 103 points at worst. The Nasdaq fell 1.04%, weighed down by Oracle -13.5% after the company provided a…
The ASX 200 fell 53 points to 7154 (-0.7%), snapping a two-day advance following the US markets lower. All eyes are on US CPI tonight. Stronger oil prices have raised concerns for a higher headline inflation reading. Almost all sectors went lower today. Utility and Energy stocks were the only sectors to rise supported by higher oil…
ASX 200 closed up 15 points to 7207 (+0.2%) in a choppy day of trade. The ASX 200 fell 36.5 points in early trade before bouncing back following. Better-than-expected NAB Business Confidence data may have helped but again, it was a resources rally that turned the tide. The ASX 200 is rallying into the CPI numbers tomorrow night helped…
From Reuters yesterday – Sept 11 (Reuters) – Australian billionaire Gina Rinehart's Hancock Prospecting said on Monday it has picked up a stake in lithium miner Liontown Resources (LTR) which recently accepted a buyout bid from Albemarle. Hancock said it has become a "substantial shareholder" of 7.72% of the ordinary shares in Liontown. Liontown's shares…
US markets closed higher overnight, led by a rally in tech stocks ahead of a busy week. The Dow Jones rose 87 points, trading higher all day up 208 points at best. The S&P 500 and Nasdaq ended near best levels, up 0.67% and 1.14%, respectively, ending above the 50-day moving average after slipping below…
Iron ore up, Resources up, A$ up 1%, US$ down – just what we wanted. But it gets better – NASDAQ up over 1%. Tesla transforms into an AI behemoth thanks to Morgan Stanley. Chinese economy through the worst? Anticipating a good CPI number. 80% of Economists think rates will be lower next year.
Wall St finished higher on Friday, helped by a rise in energy stocks. The Dow closed 76 points higher (+0.22%). Up 127 points at best. Down 27 points at worst, while the S&P 500 and the Nasdaq added 0.1%, helped by gains in Apple +0.3%, stopping a two-day losing streak. China’s inflation data came out over the weekend. CPI rose by 0.1%…
Very challenging day as a small change in our data feed means we have to rebuild all our spreadsheets. Killing us. SPI Futures up 4. Quiet. Waiting for the CPI number on Wednesday to give us a lead, or not. Biden talks to Li in the absence of Xi at G20. Tensions ease. Japan to…
