SPI Futures down 18 as Alphabet drops 9.5% dropping the NASDAQ 2.4%
Our market slots in behind Wall St down another 40 at midday as bond yields rise and we worry about a rate rise
US equity markets closed higher overnight after positive corporate results and upbeat forecasts sparked a…
SMALL CAP PORTFOLIO SUMMARY Day one of the Microcap Conference and some that caught my…
Rout slows, Bond yields top out, mild equity rally not convincing yet. Mixed late US results – Alphabet down 6.5%. Microsoft up 4.4%. Slim chances of another irrationally exuberant rally in AI. Australian CPI numbers at 11:30am will feed into the RBA meeting on November 7.
Michele Bullock speech – “Will not hesitate to raise rates”. Busy Corporate Diary. Risk-on sectors waking up. Some broker upgrades in lithium.
Banks drift into results. The Five Zones – which one are you in.
S32 hits a 52-week low after releasing results on Monday. Real-Estate sector hits a 52-week low. Staples continue to drop with Coles on a 52-week low. Uranium and Gold ETF’s with sell signals.
ASX 200 closed flat, down 3 points to 6854, losing early morning gains following hotter-than-expected inflation…
From up 40 the market has dropped to be down 20 after the higher than expected CPI release today
Alumina (AWC) released Q3 earnings last week, had a few broker upgrades and has hit an 11-Yr low. Results highlights include:
Higher aluminium production compared to previous Q.
Lower costs in the Q primarily from cheaper Caustic Soda (used to purify Bauxite).