ASX 200 kicked 87 points higher to 7298 (1.2%). A killer combo of strong US markets and a much better-than-expected local CPI at 4.9%.
SUMMARY Making a few trades today. Adding BHP ahead of its dividend in the one…
Wall Street climbed most since June, fuelled by optimism the Fed will pause rates in September following the latest jobs data.
US markets kicked off the final week of August in the green ahead of key economic data, ending just off best levels.
Turning our focus to the MT Portfolios. Low volumes ahead of US inflation and jobs numbers.Chinese stimulus looks superficial at best. But might help resources short term. Ho Hum market – now below the pre-pandemic high – we need a bull market. Appen (APX) – down 32% yesterday – sometimes fundamentals do work. Results season rolling into the buffers – a lot of stocks now de-risked. Some buyers of BHP – has a dividend coming up on September 7.
ASX 200 climbed another 51 points to 7211 (+0.7%). Banks and resources leading the way, with BHP up 1.2% and RIO doing well up 1.1%.
US markets kicked off the final week of August in the green ahead of key…
ASX 200 climbed another 51 points to 7211 (+0.7%). Banks and resources leading the way, with BHP up 1.2% and RIO doing well up 1.1%.
SUMMARY Turning our focus to the MT Portfolios. Low volumes ahead of US inflation and…
ASX 200 rallied 45 points in quiet trade to 7157 (0.6%). Solid day on US optimism and Chinese stimulus moves.