Market Updates

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Jackson Hole turned out to be a very big event, with Jerome Powell’s hawkish comments sending US markets into freefall. The Dow dropped 1008 (-3.03%) points on Friday night, the Nasdaq fell 3.94%, and the S&P 500 ended 3.37% lower. SPI Futures are down 104 (-1.48%), following US leads.  Get up to speed with Marcus Padley, in the Breakfast Briefing podcast. Why not sign up for a free trial ? Ge...

Henry is heading off on holiday today, so I (Marcus Padley) will fill in for him in the Breakfast Briefing podcasts. Wall Street behaved itself overnight ahead of Jackson Hole and Jerome Powell’s speech tonight. The Dow finished up 323 points (+1%), while the Nasdaq saw some nice gains, up 1.7%. Locally we’re still focusing on results, quiet day today, but picking up again next week as we round ou...

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 ASX 200 up another 50 points to 7048 (0.7%) as banks and resources rally pre-Jackson Hole. Resources continue to find friends on Chinese stimulus moves. Iron ore stocks wilted from highs with BHP up 0.7%, FMG up 0.1% and RIO lagging slightly although still up 0.2%. Base metals also doing well despite nickel falling overnight, S32 good results up 1.0% and IGO up 1.8%. Lithium stocks took a slight...

US markets found some positive footing overnight, the Dow finished up 60 points (+0.2%). However, the markets are still showing caution ahead of Jackson Hole tonight. SPI Futures are up 31 points (+0.45%), slowly making up for the losses from earlier in the weak.  Get in the know with Henry’s Breakfast Briefing. ASX 200 SPI Futures up 31 (0.5%) Dow rose 60 points (0.2%) S&P 500 up 12 points (0...

 ASX 200 rallied 36 points to 6998 (0.5%) after two days of losses, Banks rebounded with the Big Bank Basket back to $171.40 (0.4%). ANZ the standout, up 1.6%. MQG rallied slightly but still lots a little underwhelming. Insurers better with ASX slipping 1.4%. Healthcare flat as CSL fell 0.4%, RMD down 1.2% and SHL doing well on results up 6.2%. Industrials a little lacklustre, TLS ex dividend, GMG...

The Dow posted further losses overnight, giving up early gains to close down 154 points (-0.5%), while the S&P 500 and Nasdaq finished flat. Caution ahead of Powell’s speech on Friday creeping into market sentiment. SPI Futures are up 15 points (+0.22%), looking to make back some of the losses from the start of the week.  Get across all the latest with Henry’s Breakfast Briefing. ASX 200 SPI F...

 ASX 200 drops another 85 points to 6962 (1.2%) as rates rise and risks grow. Banks bore the brunt of the sell off with the Big Bank Basket down to $170.77. CBA down 2.0% and NAB sliding 2.0% as yields pushed towards 3.6%. MQG fell 3.4%, insurers down too, QBE off 1.6% and SUN going down 2.2%. Fund managers down too PDL off 1.7%. Healthcare in ICU as CSL dropped 2.0%, RMD down 2.7% and COH off 2.5...

An ugly night in the US as the Dow fell 643 points (-1.9%), never trading in positive territory. The Nasdaq was the worst performer, down 2.6%, as chatter about the Fed’s pushback against the dovish-pivot is getting attention. SPI Futures are down 43 points (-0.62%), continuing the rough start to the week. ASX 200 SPI Futures down 43 points Dow down 643 points (1.9%) 800 point trading range. Nasda...

US markets finished the week on a soft note last week, the Dow closed down 292 points (-0.86%)., never touching positive territory. Inflation concerns were back in focus following hotter-than-expected business inflation data from Germany. SPI Futures are down 29 points (-0.41%) as another big week of results looms.  Get up to speed with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 29 point...

 ASX 200 closes flat after a quiet day at index level but a flurry of results provide plenty of fun beneath the surface. Banks slid slightly with the Big Bank Basket down to $176.15 (1.2%). CBA down 1.0%, ANZ off 2.0% and other financials unchanged. MQG flat, insurers flat too. Healthcare suffering with CSL down 1.5% and FPH dropping 5.2% on results. RHC up 1.6% and COH up 2.2% on its results. Ind...

ASX 200 SPI Futures up 23 points. Dow up 19 (0.1%) in quiet directionless trade. Nasdaq up 27 points (0.2%) S&P 500 up 10 (0.2%) Base metals ease slightly. Gold off 0.3% Oil up 3.1% IO up 0.1% Results in focus. COH. FPH. TPG. Why not sign up for a free trial ? Get access to expert insights andresearch and become a better investor.

 ASX 200 fell 15 points to 7113 (0.2%) in a day dominated by Super Thursday results. Resources are stumbling lower as gold miners slid, NCM off 2.9% and NST down 4.1%. Base metals and lithium shares under a little pressure, MIN off 1.0%, PLS down 1.9% and LYC falling 3.1%. Oil stocks firmed on higher crude prices, coal stocks again in demand, WHC up 2.2% and NHC better by 3.7%. Industrials slipped...

Stocks slipped following the Fed minutes as the tech selloff resumed. The Dow finished down 172 points (-0.5%), while the Nasdaq was the worst performer down 1.3%. SPI Futures are pointing to a 13-point (-0.2%) loss.  Catch up with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 13 - Results in focus Dow falls 172 post FOMC minutes. Nasdaq down 164 points (1.3%) S&P 500 down 31 points (0....

A reasonably quiet night in the US, the Dow finished up 240 points (+0.7%), as the path of least resistance recently has been to the upside. SPI Futures are up 11 points (+0.2% ) with results continuing to roll on through. ASX 200 SPI Futures up 12 points US markets mixed in volatile session. Dow closes up 240 points (0.7%) S&P 500 up 8 points (0.2%) Nasdaq down 26 (0.2%) Base metals flat. Gol...

s ASX 200 rallied another 41 points to 7105 (0.6%) as BHP release a cracker result and a record dividend of US1.75c. BHP accounted for 24 index points with a gain of 4.1% on the results. FMG joined in up 1.6% but RIO stuck in the slow lane. Base metals slipped and lithium came off the boil, MIN down 0.4%, BSL down 2.6% and CXO down 7.7% with PLS down 1.9%. Oil and gas stocks slipped on crude falls...

The Dow finished near highs, up 151 points (+0.5%) despite weak economic data out of China and the possibility of Iranian oil flooding the market hurting the oil price. SPI Futures are up 22 points (+0.32%), indicating another day of gains ahead.   Catch up on the latest news with Henry’s Breakfast Briefing. ASX 200 SPI Futures up 22 points. Dow up 151 points (0.5%) Nasdaq up 81 (0.6%) S&P500...

A good night in the US on Friday night, with the DOW finishing up 424 points (+1.3%), has set up our local market for a positive start to the week. SPI Futures are up 39 points (+0.6%), as a big week of results lies ahead.  Get up to speed with Henry’s Breakfast briefing. ASX 200 SPI Futures 39 points Dow up 424 points (1.3%) S&P500 up 73 points (1.7%) Nasdaq up 267 points (2.1%) Base metals e...

 ASX 200 fell 38 points to 7033 (0.5%) as market gave up most of the gains this week. Late rally helped somewhat. Resources slid as the AUD strengthened above 71c and 10-year yields soared to 3.40%. BHP fell 0.8%, BSL off 1.6% and FMG fell 0.7%. Base metals eased and lithium mixed after a good week. PLS up 0.3% and AKE down 0.4%. LTR fell 5.6% with SYA under pressure, down 3.5%. Oil and gas stocks...

 A bit of a nothing day of trade in the US, the Dow finished up 27 points (+0.1%), after being up as much as 342 at one point. Oil prices are climbing back up towards US$100 a barrel as the IEA lifted its demand forecasts. SPI Futures are down 20 points (-0.3%).  Get up to speed with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 20 points Dow gains 27 points (0.1%) well off highs. S&P 5...

 ASX 200 rallies 78 points to 7057 (1.1%) on positive US leads and CPI number. Risk on, as the shorts are being punished across the board still. Resources leading the charge higher, BHP up 2.2% with FMG up 1.3% and RIO down 3.9% but ex div. Base metals and lithium back in demand. PLS up 4.4%, S32 up 4.1% and OZL rising 1.0%. Gold miners missing out a little as the stronger AUD hinders. NCM down 0....

US CPI came in slower than expected at 8.5% YoY, with markets rallying on the release. The Dow closed up 535 points (+1.6%) and the Nasdaq gained 2.9%. SPI Futures are up 70 points (+1%) following the rally in the US. Get up to speed on all you need to know with Henry’s Breakfast Briefing. ASX 200 SPI Futures up 70 points (1.0%) Dow surges 535 points (1.6%) on CPI beat. of 8.5% Nasdaq up 361 point...

 ASX 200 slips 37 points to 6993 (0.5%) ahead of the crucial US CPI tonight. Banks held firm with the Big Bank Basket up to $176.88 (0.7%) as CBA delivered and slid slightly lower by 0.3%. NAB rebounded 1.4% on broker comments and ANZ better by 3.4%. MQG backtracked 1.1% with insurers flat. Other financials relatively unchanged. Healthcare slid as CSL fell 1.6%, SHL off 2.9% and COH down 2.9%. REI...

Another day of narrow trade in the US ahead of the CPI number tonight. The Dow finished down 58 points (-0.18%), while the Nasdaq was the worst performer again falling 1.2%.  SPI Futures a down 39 points (-0.56%). Catch up on the latest news with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 39 points (0.6%) Dow fdalls 58 points (0.2%) Nasdaq down 151 (1.2%) S&P500 down 18 (0.4%) Base m...