SMALL CAP PORTFOLIO 2.30pm Update – News in The Australian suggests that Brookfield is working…
ACTION TODAY – Selling AKE and MIN in the Ideas Portfolio. Risk off again today. Market plagued by higher for longer again. Bond yields up again on strong data.
Middle East tension not helping sentiment. Oil price up. Gold up.
Morgan Stanley belted on results (-6.8%).
Good Netflix results (+12%). Tesla margin pressures.
Nvidia down 8% in two days.
Lithium stocks hammered overnight on BoA lithium price downgrade.
TECHNICAL SUMMARY Finally buy signals on CSL and RMD from oversold levels. Healthcare sector has…
ASX 200 dropped 96 points to 6982 (1.4%) as a broad sell-off hit the market…
A quick update from Northern Star – NST is up 3.5% today after posting well received Q3 activities report this morning. We hold in the Idea’s portfolio and is performing well (the gold price rose overnight again on more Middle East conflict concerns).
All three major indexes in the US closed sharply lower overnight, near worst levels, as escalating Middle East conflict dampened risk appetite. The Dow Jones fell 333 points (-0.98%), trading lower all day, down 399 points at worst. The S&P 500 and NASDAQ are now down for the week, losing 1.34% and 1.62% overnight.
Our market down 87 and the jobs numbers not helping showing a tight labour market. Bond yields, poor US Results and Middle East tension doing us in.
ASX 200 dropped 96 points to 6982 (1.4%) as a broad sell-off hit the market as bond yields and Middle East conflict weighed on risk-takers. Big Banks down in the dumps, with CBA off 1.6% and the Big Bank Basket falling to $175.68 (-1.4%).
All three major indexes in the US closed sharply lower overnight, near worst levels, as…
TPG popped 5.6% yesterday on news Vocus Group had commenced debt talks for the acquisition of TPG’s Fibre assets. Macquarie and Aware Super (the owners), are looking to finance ~$6bn in debt for their non-binding indicative bid announced at the start of August.