The market didn’t exactly get a shot in the arm from the CPI number but there’s no damage and it may take a couple of days for those big US fund managers to absorb and get going.
The ASX 200 surprised today, up 33 points to 7187 (+0.5%). The SPI Futures this morning were down 5 points after a CPI non-event in the US overnight. We rebounded from the early dip to end near best levels.Jobs data was the main story today, normally ignored by the market. Unemployment remained steady at 3.7%, but 64k jobs were created in August, significantly higher than forecasts of 23k. Most sectors finished higher. Miners and Financials did the heavy lifting. I
Tech stocks dragged Wall Street lower overnight, and oil prices rose, deepening worries about persistent…
The ASX 200 fell 53 points to 7154 (-0.7%), snapping a two-day advance following the US markets…
Wall St on hold ahead of the CPI numbers tonight. Tech down as Oracle falls 13.5% and Apple 1.7%. Oil up. Iron ore up. Lithium down.
Our market down almost 50 points ahead of the CPI number tonight. The tone and trend is wilting on us.
The market dropped all day down 66 at worst and closing down 53 in a nervous session ahead of the CPI number in the US tonight. If the market drops when it has nothing to do its not a good sign.
Iron ore up, Resources up, A$ up 1%, US$ down – just what we wanted. But it gets better – NASDAQ up over 1%. Tesla transforms into an AI behemoth thanks to Morgan Stanley. Chinese economy through the worst? Anticipating a good CPI number. 80% of Economists think rates will be lower next year.
ASX 200 closed up 15 points to 7207 (+0.2%) in a choppy day of trade. The ASX 200…