Daily buy signals on the US markets seem a bit incongruous given the rise in the oil price and the inflation pressure that creates.
SUMMARY Rally continues. May get another chance to sell some KAR at 270c. Gold exposure in DEG. Missed…
Short term buy signals on the US market. Is the Hamas-Israel conflict a factor? Telstra – dividend coming. Worth buying? The Bank Sector Results season details. Is it worth dividend stripping the banks?
US equities rallied Friday, led by gains in mega-cap tech stocks after non-farm payrolls rose the most in eight months, signalling a tight labour market. The Dow Jones rose 288 points (+0.87%) in a choppy day of trade. Up 438 at best. Down 273 at worst. The S&P 500 and NASDAQ registered their largest daily gain since late August, up 1.18% and 1.6%.
The ASX 200 gave back most of its gains to end up only 16 points to 6970 (0.2%). After a strong start, caution prevailed, US futures pointed to a negative open and confidence was sapped.
The Dow Jones rose 288 points (+0.87%) in a choppy day of trade on Friday night. Up…
2.30pm Updates Gold miners going well. I am not convinced the rally will last given…
DIARY NEXT WEEK Inflation data will be the main release next week. US core and headline…
The equity market wobbled as expected on thye strong jobs numebr before it all turned around. The Dow closed up 288 (it was up 438 and it was down 273). SPI Futures up 58. If Wall Street had dropped 288 and the SPI futures were down 58 in response to the jobs number, you would have said, “Yep, that’s right”.
ASX 200 rose 29 points to 6954 (+0.4%) ahead of NFPs tonight. Banks led the charge higher with the Big Bank Basket at $175.74 (+1.2%). CBA up 1.1%, with WBC the standout, up 2.1%. Insurers rallied, QBE up 2.7%, and MQG doing better up 0.5%, but MFG fell 18.5% on lower FUM numbers again.