Market Updates

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The Dow closed down 338 points on Friday night following the jobs number that came in with no real surprises and helped subdue interest rate fears. However, news that Gazprom halted restarting the gas pipeline due to an oil leak spooked the market into a 600-point fall. SPI Futures are down 16 points this morning with the US on holiday tonight. Tune in to Marcus Padley’s Pre-Market Podcast to get...

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US markets found some footing overnight as the Dow finished up 146 points, snapping a four-day losing streak, although the Nasdaq fell 0.26%. The iron ore price crumbled, falling 8% to trade below $100, as China reimposed COVID restrictions. SPI Futures are up 20 points (+0.29%) following the 141-point drop we saw yesterday. Get up to speed with Marcus Padley, in the Pre-Market Podcast. Why not si...

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The 1000-point fall in the Dow on Friday night is starting to look like a bit of a downtrend. The Dow closed down a further 280 points (-0.9%) last night, bringing the total slip to 5.5% since Friday. Headlines on oil prices and recession fears colouring the market. SPI Futures pointing to a 69-point loss today (-1.0%). Catch up on all the latest with Marcus Padley on today’s Pre-Market Podcast.  ...

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Bit of a shabby night in the US, the Dow fell 308 points (-0.96%), with expectations that the Fed’s ‘soft pivot’ is a while off. Oil had its worst day since mid-July, falling 4.8% and putting pressure on the energy sector. SPI Futures are down 58 points (-0.84%). Tune in to Marcus Padley’s Breakfast Briefing Podcast to get in the know for the day ahead.   Why not sign up for a free trial ? Get acc...

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The Dow Jones settled overnight – compared to the 1008-point loss we saw on Friday night – to finish down 184-points (-0.57%). Tech stocks are still taking the brunt of the sell-off, the Nasdaq closed down 1.02%. SPI Futures looking for a bounce off yesterdays 2% fall, up 18 points (+0.26%). Catch up on all the latest with Marcus Padley on today’s Breakfast Briefing. Why not sign up for a free tri...

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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....