A bit of volatility running into the CPI numbers. This CPI number tonight had better be good, but judging from the drop in bond yields running into tonight the bond market obviously thinks it knows. Let’s not waste any more breath, I’m not taking any bets ahead of it, although experience tells you that the bond market vibe shouldn’t be ignored.
This is the Australian Results Calendar for the upcoming results season. Before you rely on…
US markets closed higher overnight, extending gains for the second session and ending just off…
MARKET AT MIDDAY The ASX 200 is up 29 points to 7138 (+0.4%) ahead of the release of the US…
ASX 200 FIVE DAY CHART ASX 200 closed up 27 points to 7136 (+0.4%) in…
Wall Street ended higher overnight in a muted day of trade ahead of CPI data Wednesday.
Not the best list of headlines today but the market doesn’t care, and that’s a bit of a theme – see below.
Some of the headlines:
US corporate earnings season unlikely to fuel fresh gains in the stock market.
S&P 500 braces for profit warnings.
Rate fears accelerate.
Fed’s QT program to kick in in coming months.
Eurozone sentiment weakens for a fifth consecutive month.
Deflationary spiral risk in China. This comes after the Chinese CPI number of 0% yesterday and PPI numbers showing the biggest decline since 2015. It is a reflection of the weak Chinese economy which doesn’t wash well for resources stocks. The pressure is on for the PBoC to stimulate the economy, but the
On my Australian arrival in 1994 one of the most noticeable differences between the share…
ASX 200 closed up 105 points to 7109 (+1.5%), lifted by mining and gold stocks snapping a four-day losing streak.
APE is a $3.66 billion company. In the pandemic, it dropped from over $14 to below three dollars. In the last year, it is up from $9 to $14, with its results in February sparking a rally from $11 to $14.50. The automotive industry has been through a confusing couple of years thanks to COVID, which included a boom in secondhand car prices, a disruption in the supply network (no cars to sell), a ramp-up in costs. M ost of these factors are now improving helped by unrelenting orders for new cars (now being delivered) and particularly EVs thanks to some tax breaks introduced in Australia in t
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