Market Updates

The Dow Jones Industrial Average gained 186.45 points, or 0.56%, to end at 33,704.10. The S&P 500 traded up 0.70%, to close at 3,919.25 points. The Nasdaq Composite led the major indexes for another day, adding 1.01% to end the session at 10,742.63. The average has rallied for the past three sessions as optimism over cooling inflation pushed investors to beaten-up technology stocks. It was the...

ASX 200 closes down 20 points to 7131 (0.3%), its first loss in four trading sessions. Resources slid lower as Chinese authorities look to have been spooked by the big iron ore rise recently and looking to talk prices down. BHP fell 0.4%, FMG up 0.7% after a loss yesterday, lithium stocks on the nose, PLS dropped 1.5%, IGO off 1.8% and MIN down 1.3%. Rare earths also in the doghouse with ARU down...

US stocks failed to hold onto the morning rally with the Dow falling in the afternoon after two Fed officials signalled that interest rates could top 5%. The Dow Jones closed down 113 points (-0.34%). At best it was up 305 points, at worst it was down 143 points. The NASDAQ rose 0.63%, supported by gains in Tesla up 5.93% Amazon up 1.49%, and Microsoft up 0.97%. The S&P 500 fell 0.08%. In Euro...

ASX 200 started the week up 42 points to 7154 (0.6%). A solid start but off the intraday highs. Banks somewhat lacklustre with the Big Bank Basket up to $180.41 (0.2). Mixed across the financials, AMP slipped 4.2% on a Collinmate update, GQG rose 5.7% on FUM and insurers slid on IAG update. Industrials firmed with TCL up 1.1%, QAN up 1.9% and REITs better with GMG up 1.4%. Tech a little mixed, CPU...

US stocks triggered a global rally overnight following a crucial US jobs report that showed wage growth slowed in December, fuelling speculation the slowdown will keep the Fed at bay from intensifying its battle with inflation. The Dow Jones closed up 701 points (+2.13%). At best it was up 781 points, and at worst it was up 67 points. The NASDAQ rose 2.56%, and the S&P 500 finished 2.28% lower...

The Dow Jones Industrial Average fell 348.99 points, or 1.05%, to 33,027.49 — after falling as much as 803.05 points earlier in the session. S&P 500 declined 1.45% to 3,822.39. Meanwhile, the Nasdaq Composite was 2.18% lower at 10,476.12. This decline follows a 526-point rally in the Dow on Wednesday after better-than-expected earnings from Nike. So far in December, the Dow is down 4.52%, whil...

 ASX 200 finished up 37 points to 7153 (0.5%). A thin and directionless day despite the rise. Investors are winding down. Resources mixed after the 29M production issue caused them to fall hard down 22.2% with BHP and OZL announcing the deal is done. Now to regulatory issues and timing. Lithium stocks continue to slip as brokers pile on with downgrades. Oil and gas stocks slightly firmer with WDS...

US tech stocks drove markets up last night off the back of better-than-expected earnings reports and an improvement in consumer confidence. The Dow Jones rose 527 points (+1.6%). At worst it was up 178 points and at best it was up 588 points. The NASDAQ finished the session up 1.54%, the S&P 500 gained 1.49%. In Europe, STOXX 600 was up 1.17%, FTSE +1.7% DAX +1.5% CAC +2.0%. SPI Futures are up...

 ASX 200 closed up 91 points at 7115 (1.3%) reversing the 110-point BoJ inspired loss of yesterday. Gains across the board although the banks were slightly muted but then they didn’t fall yesterday. CBA slid 0.6% and the Big Bank Basket square again. Insurers rose on higher bond yields. REITs too rose bouncing back on the same bond yields. QBE up 1.5% and SUN up 2.1% with GMG bouncing 2.3% and MGR...

US markets finished higher after a choppy session, as the shock from the Bank of Japan’s sudden move was felt throughout global markets. The Dow Jones climbed 92 points (+28%). At worst it was down 108 points and at best it was up 235 points. The NASDAQ traded in a narrow range and finished the session up 0.01%, the S&P 500 gained 0.10%. In Europe, STOXX 600 was down 0.4%, FTSE up 0.1%, DAX do...

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...