Wall Street closed mixed overnight as the market digested the latest round of tech earnings and fresh signs of labour market resiliency. Dow Jones up 164 points (+0.47%), marking its ninth straight day of gains, its longest streak since 2017, supported by Johnson & Johnson, which jumped 6% on upbeat revenue and earnings. Dow at…
MARKET AT MIDDAY The ASX 200 is down 25 points to 7300 (-0.3%) driven by losses in the technology sector, mirroring movements in the US overnight. Wisetech (WTC) -2.7% and Seek (SEK) -2.9%.Coronado Global Resources (CRN) up 2.5% after maintaining its FY23 guidance and reporting production growth in the June quarter. Atlas Arteria (ALX) experienced a 1.1% drop despite reporting revenue growth in the June quarter due to…
US equities closed higher overnight, and the US dollar strengthened after a surprise cooling of UK inflation bolstered sentiment across global markets. The Dow rose 109 points (+0.31%), marking its eighth straight day of gains, its longest streak since September 2019. Dow at best up 282 points. S&P 500 up 0.24%, reaching levels not seen…
MARKET AT MIDDAY The ASX 200 is up 15 points to 7339 (+0.2%), losing early gains after unemployment data came in flat at 3.5%, raising the likelihood of another rate rise. The Aussie dollar gained on the news while bond yields climbed higher. BHP Group (BHP) +0.3%, Rio Tinto (RIO) +0.5%, and Fortescue Metals (FMG) +1.2% also advanced, boosted by BHP Group's record annual iron ore production. Mineral Resources (MIN) up 5.4% after agreeing to sell…
The ASX 200 closed flat, near unchanged, up 1 point to 7325, after jumping over 50 points in early trade before unemployment data dampened the market’s mood raising bets of further tightening from the RBA. The Aussie dollar jumped 0.6% to 68.15c, clawing back recent losses, and bond yields rose with 2Y yield up 12bps,…
MARKET AT MIDDAY The ASX 200 is up 38 points to 7322 (+0.5%) opening with a 0.6% increase, following the positive momentum from Wall Street. Most sectors showed gains, particularly the energy and financial sectors. Ampol (ALD) rose 4.9% after announcing an expected EBITDA of $800m for the first half of the 2023 fiscal year. Northern Star Resources (NST) experienced a significant drop…
All major US indices were up overnight, boosted by stronger-than-expected earnings results from heavy-weight banks and AI stocks. The Dow rose 367 points (+1.06%). Dow at worst down 55 points. Dow at best up 401 points. S&P 500 up 0.71%. NASDAQ up 0.76%. USD slid to a 15-month low before rebounding as futures point to…
US markets rallied over the possibility the Federal Reserve may soon conclude its rate-hiking campaign, while China’s economic data came in softer than expected. Dow Jones up 76 points (+0.22%). Dow at best up 156 points. Dow at worst down 90 points. S&P 500 up 0.39%. NASDAQ gained 0.93%. VIX +1%. US Treasuries were flat,…
The ASX 200 Index is down 32 points to 7266 (-0.4%) experiencing a 0.1% decline at open, falling below 7,290 for the second consecutive session. The drop was influenced by losses in mining and energy stocks due to weakened iron ore and oil prices after softer Chinese economic data. Selling increased following the RBA minutes as it said more rate…
