Market Updates

ASX 200 crashed 110 points to 7024 (1.5%) today on a killer combo of weaker US, RBA minutes and the shock of the BoJ effectively letting rates drift higher. 10-year yields jumped to 3.71% and banks at least held their ground on the jump but everything else, well Split Enz summed it up. I See Red! Maybe more Martha with no where to run, no where to hide. Except banks with the Big Bank Basket unchan...

Stocks in the US have fallen for a fourth consecutive day as traders continue to assess The Fed’s plan following the central bank’s comments vowing to keep raising rates until they’re confident inflation is coming down meaningfully. The Dow Jones closed down 163 points (-0.49%). At best it was up 118, and at worst it was down 338. The S&P 500 fell 0.9%, and the NASDAQ was down -0.76%. In Europ...

ASX 200 closed down 15 points to 7134 (0.2%). Volumes starting to thin out pre Xmas. Not a bad performance considering US falls. Resources once again finding support with BHP , RIO and FMG all in the green. Gold miners too showing good strength today with NST up 3.4%, EVN up 4.3% and NCM down 0.3% on news of the CEO retiring. Lithium stocks trying hard and failing in places to find support. Oil an...

US markets finished a volatile week lower overnight as the Fed’s hawkish tone weighed on sentiment. The Dow Jones fell 282 points (-0.85%). At best it was down just 36 points, and at worst it was down 548 points. The NASDAQ lost 0.97% and the S&P 500 finished down 1.12%. In Europe, STOXX 600 was down 1.20%, FTSE was down 1.27%, DAX was down 0.67%, and France was down 1.08%. SPI Futures are dow...

Stocks across the global financial markets took a hit after a week of rate hikes from central banks around the world, with the Fed and ECB signalling more pain to come.  The Dow Jones closed down 764 points (-2.25%). At best it was up -193, and at worst it was down -950. The S&P 500 fell 2.49%, and the NASDAQ was down 3.23%. In Europe, Stoxx 50 -3.5% FTSE -0.9% CAC -3.1% DAX -3.3%. SPI Futures...

A pretty shabby day for the ASX 200, down 47 points (-0.6%), but better than the futures had suggested his morning. Positive sectors were few and far between. Banks were so-so and resources were bad. Lithium crashed and burned after a sub-optimal BMX auction result from PLS , down 11.4%. MIN was down 4.7%, AKE was down 4.9%, and LTR fell 7.9%. Musk sells $3.58bn of Tesla shares. Market cap just dr...

SPI Futures down 61 points.  The Dow Jones Industrial Average fell 142.29 points, or 0.42%, to 33,966.35. The S&P 500 declined 0.61% to 3,995.32. The Nasdaq Composite dropped 0.76% to 11,170.89.   Markets gyrated after Federal Reserve Chairman Jerome Powell signaled more data was needed before the central bank would meaningfully change its view of inflation. The Dow fell as much as 404.47 poin...

ASX 200 put in a good day up 48 points to 7251 (+0.7%). After a spluttering start, firm US futures ahead of FOMC. Things turned around with resources finding their feet. BHP up 0.5%, RIO up 0.5% and FMG up 1.1% leading things higher. Lithium stocks found their level for now and base metal stocks also in demand, IGO up 0.5% and SFR running 3.4%. 29M doing well up 6.0% too with gold miners especiall...

US markets gave up early gains but still finished higher following a better-than-expected inflation rate for November. The Dow Jones closed up 104 points (+0.30%), recovering from a mid-session stumble. At best it was up 707, and at worst it was down 114. The S&P 500 rose 0.73% and the NASDAQ was up 1.01%. In Europe, STOXX 50 +1.7%, FTSE +0.8%, CAC +1.4%, and DAX +1.3%. SPI Futures are up 16 p...

 ASX 200 closed modestly, up 23 points to 7203 (0.3%) higher as banks rallied post the BEN results and Resources fell as UBS downgraded BHP and others. Cautious trade ahead of US CPI and FOMC. BHP sank 1.5% on the downgrade after a great run, RIO succumbed too with FMG off 4.2%. MIN collapsed 3.8% with lithium and base metal stocks also under pressure. LTR down 2.6%, NIC off 2.5% and SFR falling 4...

The Dow Jones Industrial Average jumped Monday, clawing back some of the steep losses from the previous week, as traders looked ahead to a highly anticipated Federal Reserve meeting and new inflation data. The blue-chip Dow added 528.58 points, or 1.58%, to 34,005.04. That was its first close over 34,000 since Dec. 2. The S&P 500 gained 1.43% to close at 3,990.56, and the Nasdaq Composite rose...

ASX 200 closed down 32 points to 7181 (0.5%) as banks steady and resources slip ahead of FOMC . Gas caps hurting sentiment in utilities not helpful with ORG dropping 7.8%. In iron ore stocks, BHP dragged the index lower falling 1.5% with FMG in trouble too. MIN off 2.4% with IGO down 2.6%. Base metal and lithium stocks off again too, LTR down 2.2% and CXO falling 1.3% on a slight broker downgrade....

US markets fell overnight as the Producer Price Index for November came in ahead of consensus , in the final puzzle piece for the Fed heading into the FOMC meeting next week. The Dow Jones fell 305 points (-0.90%) to close near lows. At best it was up 63 points, and at worst it was down 319 points. The NASDAQ slipped 0.70% and the S&P 500 fell 0.73%. In Europe, STOXX 600 +0.84%, FTSE +0.06%, D...

 ASX 200 finishes up 38 points at 7213 (0.5%) as iron ore stocks rally hard on Asian gains. BHP up 2.7% and FMG up 2.8% leading the charge as Dalian futures hit a 4-month high on hopes of a Chinese property rescue. Lithium stocks still struggling a little post GS research. Gold miners were better with NCM up 0.8% and NST gaining 2.0%. EVN up 2.4%. CHN continue to push on up another 3.8%. SYR and 2...

US markets snapped a five-day losing streak to finish higher ahead of PPI data tonight, which will factor into the Fed’s next move. The Dow Jones closed up 184 points (+0.55%), having been up 301 points at its best. The NASDAQ bounced 1.13%, and the S&P 500 rose 0.75%. In Europe, STOXX 50 +0.2%, FTSE -0.2%, CAC -0.2%, DAX +0.02%. SPI Futures are up 33 points (+0.46%) as we look to finish the w...

 ASX 200 dropped another 54 points to 7175 (0.8%) as international recession fears continue. Banks eased back with the Big Bank Basket down to $182.35 (0.8%). MQG slid another 1.4% with insurers coming off their highs, QBE down 1.4%, MPL pushing higher by 2.1%. FUM managers again under pressure, PPT down 2.8% and GQG off 1.4%. REITs better as 10-year yields stable. GMG up 1.3% and CHC the stand ou...

­US markets fell for the fifth straight session with recession fears weighing heavily. It was a choppy session, with multiple swings either way, as the Dow Jones closed up two points . At best it was up 178 points, and at worst it was down 93 points. The NASDAQ fell another 0.51% and the S&P 500 finished 0.19% lower. In Europe, STOXX 50 -0.5%, FTSE -0.4%, CAC -0.4%, DAX -0.6%. SPI Futures are...

ASX 200 dropped 62 points to 7229 (0.85%) in lacklustre trade, cratering on the match out as GDP came in below forecasts. Once again resources were the stars at least until the close, base metal stocks in favour. BHP up 0.1%, FMG up 2.3% and even PLS joined in the positivity up 2.2%. Gold miners were slightly firmer, NCM up 1.1% and NST up 0.2% but BGL dropped 12% on news of a $60m placement. Oil...

US markets crumbled overnight as concerns that the US economy is heading toward a recession in 2023 took their toll. The Dow Jones fell 351 points (-1.03%). At best, it was up 60 points, and at worst, it was down 529 points. The NASDAQ took a heavy blow, down 2.00%, with selloffs in tech giants including Apple , Meta , and Amazon , and the S&P 500 fell 1.44%. The recent rally looks like it was...

 ASX 200 slipped 34 points to 7291 (0.5%) after fighting back from early US inspired losses. RBA moved rates 25bps higher as expected and market sold off after the announcement. Bank slid finally after holding up well until the RBA decision. CBA dropped 0.5%, NAB down 0.7% and the Big Bank Basket off to $185.60 (-0.5%). ASX fell hard on latest volume numbers off 2.5%. MFG disappointed with FUM dow...

US markets fell overnight on the back of strong economic data, which supports the case for the Fed to continue to raise interest rates. The Dow Jones was down 438 points (-1.40%). At best it was down 94 points, and at worst it was down 583 points. The NASDAQ fell 1.92%, and the S&P 500 finished xx% lower, with 95% of companies trading lower. In Europe, STOXX 50 -0.5%, FTSE +0.2%, CAC -0.7%, DA...

ASX 200 rallies 24 points to 7326 (0.3%) as iron ore bounces to $110 in Singapore. FMG leading the charge higher up 6.9%, BHP up 2.3% and second-liners CIA doing well up 2.2%. Lithium stocks a little on the nose with PLS down 5.1%, IGO off 4.9% and LTR falling 2.4%. Base metal stocks slightly firmer, S32 up 3.6%. Energy stocks firmed post- OPEC plus, WDS up 2.0% and STO up 2.7%, coal stocks a litt...

US stocks and bonds experienced a volatile session on Friday following a jobs number that fuelled bets the Fed will continue tightening after a lot of talk of a slowdown of rate hikes this month. The Dow Jones fell hard at the ope n but managed to recover its losses and finish up 34 points (+0.10%).  The NASDAQ finished 0.17% lower and the S&P 500 lost 0.12%. European markets were mostly lower...

 ASX 200 dropped 53 points to close at 7302 (0.7%). Up 55 points for the week.  Some caution creeping in before the US jobs data tonight and it has run hard. The BIg Bank Basket fell to $186.74 (1.1%). MQG slid 1.0% and insurers also in the doghouse as bond yields continue to fall. 10-year yields now back to 3.39%. QBE down 0.2%, MPL off 1.7% and money managers down too, GQG off 3.0% with MFG fall...

US markets faltered following as manufacturing data showed a contraction in November for the first time since May 2020. The Dow Jones closed down 195 points (-0.56%) after falling as much as 460 points in early trade. The NASDAQ managed to continue yesterday’s run and gained 0.14% , while the S&P 500 was largely unchanged for the session, down just four points . In Europe, STOXX 50 +0.5%, FTSE...