The ASX 200 began the week on a negative note, trading lower all day, down 49 points to 7230 (-0.7%), giving up some of Friday’s gains. SPI Futures were down 41 this morning. ASX Index changes came into effect today. All sectors finished in the red. Tech stocks weighed heaviest on the index tracking the NASDAQ overnight and were further pressured by higher bond yields, XRO down 4.1%, WTC off 2.5% and SQ2 down 1.7%. All-Tech Index down 2.0%. Iron ore giants showed resilience, BHP and RIO finishing up. The strength strecthed beyond iron ore today to S32 up 0.9% and new trade AWC up 1.5%. Gold prices held steady near six-mo
SPI Futures down 41 in a Tech led sell-off on Wall St. The Resources held up. We have a busy week of Central Bank Meetings ahead.
ACTION TODAY I am adding AWC to the IDEAS PORTFOLIO on the open. SUMMARY FOMC,…
The ASX 200 began the week on a negative note, trading lower all day, down…
We are 4.62% below the post-pandemic high and up 1.14% from the pre-pandemic high. We've…
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Headlines include: Dow finishes up 1% on soft landing hopes. ASX to leap, S&P 500 rallies broadly, China data pending – AFR. Wall Street rallies, dollar surges as data cements Fed pause bets. Wall Street ends higher on economic data; Arm soars in debut. Ebullient markets nervously eye China data dump.
Wall Street closed higher overnight, ending just off best levels after strong economic revived hopes…