MARKET AT MIDDAY The ASX 200 is down 3 points to 7355, in a flat day of trading, mirroring Wall Street's performance. Fed remarks and RBA governor Lowe's taking some focus. Results dominate. Energy and materials sectors lagging behind, with Bluescope Steel (BSL) seeing a 3.3% decline as it greenlit a $415m expansion for its coated metal products facility in…
ASX 200 slid 17 points to 7340 (+0.24%) in quiet trade dominated by results again today. For the week, the index is down 0.85%. Broad based weakness today, nothing spectacular though. Banks eased after CBA results and Phil Lowe talked up rates in Canberra. The Big Bank Basket down to $180.46 (0.1%). Insurers mixed, QBE…
MARKET AT MIDDAY The ASX 200 is up 2 points to 7340 opening flat as results season kicks into full swing. US CPI is due out tonight which could impact the Federal Reserve's upcoming interest rate decision in September. The Energy sector showcased the best performance with a 2% increase, while financials struggled as the worst performers, declining…
ASX 200 closed up 19 points to 7357 (+0.3%) in a subdued day of trade. US CPI data tonight key. Energy sector is the top performer today as oil prices jump over US$84 a barrel, intensifying concerns that resurgent inflation will force central banks to raise rates further. STO, BPT and STX all gained over…
Wall Street closed lower overnight, ending near worst levels a day before the release of key US inflation data that could influence Fed interest rate decisions. Dow Jones lost 191 points (-0.54%). Up 56 points at best. Down 256 points at worst. S&P 500 down 0.70%, and the NASDAQ shed 1.17%. The US dollar eased,…
US equity markets finished lower overnight, in a broad sell-off after Moody’s cut the credit ratings of 10-small to mid-sized US banks, reigniting fears about the health of the US banks and the economy. The Dow Jones closed 159 points lower (-0.45%), well off worst levels. Dow down 466 points at worst. S&P 500 dipped…
MARKET AT MIDDAY The ASX 200 is up 4 points to 7315 (0.1%) as anticipation for China's upcoming inflation data lingers. US stock futures exhibited little change after a previous session where the main indices closed lower due to credit rating downgrades on several US banks, causing investor confidence to waver. Commonwealth Bank (CBA) spearheaded a rise in the financial sector…
All three major US indexes closed higher on Monday, rebounding from their worst weekly fall since March, and ending near best levels, as investors position themselves ahead of Thursday’s CPI report due this week. Dow Jones saw its biggest advance in more than seven weeks, up 408 points (+1.16%). Dow at best up 432 points.…
MARKET AT MIDDAY The ASX 200 is up 10 points to 7319 (+0.1%), rebounding from the previous day's losses but off highs, following a positive trend on Wall Street. Mining and technology stocks helping the recovery, with the materials sector surging 0.9%, led by Fortescue Metals (FMG) up 1.1%. Consumer confidence continues to drop despite the Reserve Bank's cash rate pause. James Hardie Industries (JHX)…
