Dow Jones down 77 points (0.2%) closing near the low. It was up 259 at…
The ASX 200 closed down 98 points to 7065 (-1.4%). Falling for a fourth consecutive session and…
ASX 200 closed down 33 to 7163 (0.5%). Falling for a third consecutive session. The ASX 200 is down 116 points this week, erasing almost all of last week’s gains (122 points +1.71%). All eyes now turn to the Fed tonight. Markets have priced in a 99% likelihood they will hold rates, with hopes Powell’s speech will provide clues for interest rate trajectory (unlikely). Likely will be an American English version of the RBA meeting minutes, prudently hawkish and data dependent. Most sectors finished in the red today. Consumer discretionary sector surprised as the top performer today, buoyed by ALL up 2.9% following its analyst briefing yesterday and a bevy of broker upgrades today. BBT up 4.76%, but no love for PBH down 1.4%. Energy stocks took a hit today as oil eased on market caution. WDS down 2.1%, PDN down 4.5%, KAR off 0.8%, and AGE plummeted 20.59% following its institutional placement. Big miners dow
All three major US indexes ended lower overnight, with risk-off sentiment weighing ahead of the…
Canadian inflation spanner. Powell – Surely no surprises. RBA on message. Nothing new. Bond market refusing to give inflation the benefit of the doubt. Some sell signals on Tech ahead of Fed. Travel folding up. “Revenge Travel ends”.
ASX 200 closed down 33 to 7163 (0.5%). Falling for a third consecutive session. The ASX 200 is down…
SPI Futures down 16 as Wall St waits for the Fed Meeting tonight. Canadian inflation numbers spook bonds.
The ASX 200 is down 38 points to 7158 (-0.5%) and on track to log its third consecutive day of losses (the ASX 200 was down 49 on Monday and 34 yesterday). FOMC meeting tonight – there are concerns about the Fed getting even more hawkish against the backdrop of a rising oil price. We have cleaned out our IDEAS PORTFOLIO today to avoid the Fed risk tonight. Miners and financials weigh. Iron ore giants BHP, RIO and FMG are all down over 1% on weaker iron ore prices and evaporating Chinese economic optimism. The big four banks are mixed. NAB and ANZ are fractionally higher, while CBA and WBC are down 0.4% and 0.6%. Energy stocks are down as WTI edges lower. WDS down 1.9%, and STO off 1.0%. Tech also lower, with SQ2 down another 2.7% after the CEO exit announcement yesterday – it fell 4.5% yesterday. Consumer discretionary is the only sector in the green, buoyed by ALL up 3.9% following its analyst briefing yesterday including reiterated guidance. On the corporate front, SGM up 0.5% completed the sale of its 50% stake in LMS Energy, KMD down 3.9% on results and TCL down 0.8% after its CEO brought forward his departure date.