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.
From Reuters yesterday – Sept 11 (Reuters) – Australian billionaire Gina Rinehart's Hancock Prospecting said…
US markets closed higher overnight, led by a rally in tech stocks ahead of a…
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…
SPI Futures up 7 but a strong performance from both Big Tech , the iron ore price, the Resources in Europe and the A$ suggest we are on the right side of the ledger today.
We have slipped 36 points at worst today as we wait for the US CPI number tomorrow
ASX 200 closed up 15 points to 7207 (+0.2%) in a choppy day of trade. The ASX 200 fell 36.5 points in early trade before bouncing back following. Better-than-expected NAB Business Confidence data may have helped but again, it was a resources rally that turned the tide. The ASX 200 is rallying into the CPI numbers tomorrow night helped by a mildly more positive vibe about China. Miners carried the market, once again supported by stronger iron ore prices. BHP, RIO and FMG