The main event this week is Australia’s monthly CPI data out Wednesday. The last reading…
ASX 200 is down 20 points to 7079 (-0.3%) as the market continues to fall although…
Many retirees open a bank account for dividends. Every stock they buy they do the…
I had a question from a member asking what they should do about the huge…
A Guide to getting the most out of Dividends – Every six months the results…
The life of a trader is not what most of us might imagine it to…
Friday 23rd June 2.30pm Update Another day another nasty fall. Once again, we are suffering…
SUMMARY Whiplash – some things you can’t explain. Global hawkishness infects the psyche. Post-It Notes…
Low-volume night in the US dominated by Powell’s testimony (see below) which was seen as a little less hawkish. The Fed remains data dependent (seen as a positive). Tech stocks led with the NASDAQ up 1.18% and the other markets flat. The Dow Jones finished down 5 points (-0.01%) at worst down 116 points. The Bank of England raised rates by 50bp, more than expected, although the UK market (FTSE) only fell 0.76%. The odds of a Fed rate rise at the next meeting on July 26th rose from 74.4% to 76.9%. Weekly jobless numbers hit a 20 month high and the Leading Economic Index fell for the 14th time on the trot. The energy sector was the worst-performing sector on the back of a 4% fall in the oil price.
Henry runs through the market at the End of the Day highlighting anything interesting and relevant