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
Wall St finished higher on Friday, helped by a rise in energy stocks. The Dow closed 76…
Very challenging day as a small change in our data feed means we have to…
In a surprising turn of events, the ASX 200 reversed earlier losses and ended the…
Wall St finished higher on Friday, buoyed by a rise in energy stocks. The Dow closed 76 points higher (+0.22%). Up 127 points at best. Down 27 points at worst, while the S&P 500 and the Nasdaq added 0.1%, helped by gains in Apple +0.3%, sapping a two-day losing streak. China’s inflation data came out over the weekend. CPI rose by 0.1% YoY in August, lower than expectations of a 0.2% gain following the first drop in over two years of 0.3% in July. Not of huge import, markets care for PMI and industrial figures from China. ASX to edge higher at the opening bell; SPI Futures up 4 points (+0.06%). The ASX 200 was down 121 points last we
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