Market Updates

The ASX 200 finishes the week down 71 points at 7217 (1.0%). Sloppy start and no real bounce on US falls after CPI. Finished weak too. Banks were mixed with CBA sagging slightly down 2.2% and the Big Bank Basket flat at $178.99. NAB getting more good press. MQG tried valiantly and failed to bounce after some days of losses as MFG fell 4.9% on a $5.5bn drop in FUM post Hamish stepping down. Insurer...

US stocks slipped overnight with inflation hitting 7.5%, traders now leaning toward 50bps Fed hike. US 10-year bond yields rose to their highest levels since August 2019. SPI Futures pointing to a tough day down 55 points (-0.77%) this morning. Catch up on all the latest news with Henry's Breakfast Briefing. ASX 200 SPI Futures down 55 Dow falls 1.5% Nasdaq off 2.1% US inflation hits 7.5% hig...

 The ASX 200 closes up 20 points to 7289 (0.3%). Strong start on NAB results evaporates as US CPI in focus. NAB results positive firing up the sector again with the Big Bank Basket up to $180.78 (1.7%). NAB rose 4.5%. MQG still under some pressure post result down 2.2%. MFG rallying a little despite platform woes. Insurers under pressure with QBE down 1.0% and SUN off 1.9%. Industrials flat with C...

The US stock rally gains steam with the Nasdaq up 296 points (+2.1%) overnight. SPI Futures are pointing towards another positive day for the ASX, up 41 points (+0.57%), but it’s all about results again today, so tune in to Henry’s Breakfast Briefing to catch up on the latest news.  ASX 200 SPI Futures up 41. US markets rally. Dow up 0.9% Nasdaq up 2.1%.  Oil firms. Gold rallies. Iron ore falls sl...

 The ASX 200 was buoyant today up 81 points to 7268 (1.1%). CBA results set the scene. $2bn buyback, $4.7bn cash profit and dividend 175c. Not bad, Stock up 5.6% dragging the other four banks higher. CBA was 26 index points alone. The Big Bank Basket rose to $177.75 (4.0%). Insurers rose but MQG gave back some gains falling 1.9% as brokers knocked the tallest poppy.  Industrials back in fashion as...

US stocks resumed their rally overnight the Dow Jones finishing up 372 points (+1.06%). SPI Futures are pointing to a positive open up 18 points (+0.25%). CBA numbers this morning beat estimates while consumer dictionaries struggled with results season in full swing. Tune in to Henry's Breakfast Briefing to get up to speed on the latest news for the day. ASX 200 SPI Futures up 18 CBA results...

The ASX 200 rallied hard today from the word go. The ASX 200 up 76 points to 7187 (1.1%). BHP was the stand-out up 3.7% as iron ore futures pushed higher on China stimulus hopes. BHP was 26 index points alone. FMG up 3.3% and RIO doing well up 2.2%. Other miners also recovering nicely, S32 up 1.0% and AWC up 1.5%. Oil and gas stocks modestly higher with WPL up 1.0%. Banks were the other big winner...

A choppy session for the US saw the Dow finish almost unchanged up one point. SPI Futures are down 11 points (-0.16%) this morning, but results from MQG today might help push the market into positive territory. Catch up on everything you need to know this morning with Henry’s Breakfast Briefing.  ASX 200 SPI Futures down 11 MQG record quarter. SUN cuts dividend. Dow up 1 as late sell off hits. Nas...

1.7The ASX 200 fought back from over 60 down to close down only 9 points at 7111 (0.13%). Miners were the star attraction as China returned from LNY. BHP rose 1.2% with FMG also doing well up 0.9% and base metal stocks pushing higher, ILU up 4.5% and S32 rallying 1.0%. Gold miners not doing much with energy better STO up 1.6% and WPL up 1.9%. Coal stocks also doing well with CRN up 7.6% with PDN u...

The ASX 200 is set to open lower with the SPI Futures down 41 points this morning. US jobs numbers dominated the weekend news with better-than-expected non-farm payrolls for January. Results will headline Australian markets this week with ANZ, JHX, CPU and SCP reporting today. ASX 200 SPI Futures down 41. Dow falls 21 (o.06%) Nasdaq up 219 (1.6%) Oil up 2.4% Gold slightly higher. Commodities firm....

 The ASX 200 shrugged off the latest tech wreck from Meta and focused on Amazon and the better futures finishing up 42 points to 7120 (0.6%). A relatively quiet day until a massive late surge on the match out as we await the US jobs number and start to digest the results in more detail. Banks were mixed with WBC up on broker comments and the big bank basket kicked higher to $170.62 (0.7%). MQG bou...

US markets stumbled overnight on the back of Meta's 25% fall. SPI Futures are down 78 points (-1.12%) this morning, but some good results for Amazon, Pinterest and Snap might steady the market. Catch up on today's news with Henry's Breakfast Briefing. ASX 200 SPI futures down 78 points.  Dow falls 1.45%. Nasdaq down 3.7%. Meta down 26% Amazon up strongly after hours on results.  Com...

The ASX 200 down modestly by 10 points to 7072 (-0.14%). Tech stocks got pummelled following the Facebook fiasco. Should never have changed its name. Meta got thumped after hours and the US tech sector futures led ours lower. SQ2 flopped 9.8%, WTC down 8.0% and XRO off 5.0%. The All Tech Index dropped 4.3%. Heavy losses across the sector. Industrials went nowhere, CSL gave back some strength falli...

US stocks were up overnight, with early weakness overcome in a late rally into the close. SPI Futures are up seven points (+0.10%). US results season is in full swing, with some mixed results coming through for big US tech companies. Catch up on the latest news with Henry's Breakfast Briefing. ASX 200 SPI Futures up 7 points. Dow up 224 (0.6%) NASDAQ up 72 (0.5%). US futures  Meta craters 21%...

The ASX 200 jumped out of the blocks and held up 82 points to 7088 (+1.2%). The US results helping sentiment after hours. RBA takes rate rise off the table and Lowe knows how much a litre of milk costs. The two driving sectors today were the banks with the Big Bank Basket up to $170.10 (0.95%) ahead of WBC update tomorrow. CBA up 0.9% and MQG doing well up 2.0%. Insurers also in favour with QBE up...

The ASX 200 is set for another positive open, with SPI Futures up 55 points. US stocks continued to rally overnight as some big company results begin to filter through in the US results season. Get up to speed on the latest news with Henry’s Breakfast Briefing.  ASX 200 SPI Futures up 55. Dow up 273 (0.8%) Nasdaq up 0.8%. Results after hours positive. Alphabet stock split and beats forecasts. Up 7...

The ASX 200 rallied up 34 points to 7006 (0.5%) post RBA announcement as it seems the central bank is in no hurry to raise rates. QE is dead . The meeting saw inflation revised higher but still too early to conclude whether it is nothing more than short term supply chain issues. The board is prepared to be patient. Enough to bring the buyers back. Although enthusiasm faded at close. Banks found su...

The ASX is poised for a positive open, SPI Futures are up 42 (+0.61%). US markets rallied overnight, the DOW Jones up 406 (+1.17%), S&P 500 up 84 (+1.89%) and the NASDAQ up 469 (+3.41%). RBA interest rate decision later, expecting an end of quantitative easing. Get up to speed on all the latest news with Henry's Breakfast Briefing.  ASX 200 SPI Futures up 42 points. Dow up 1.17%. Nasdaq b...

The ASX 200 had a volatile session closing down 17 points to 6972 after erasing early falls but nervous ahead of RBA meeting tomorrow. Last day for quarterlies saw analysts busy, ANN earnings warning on cost pressures and margin contraction. The stock tumbled 14.3% but off early lows. Banks were soggy falling to $167.70 (2.2%) in the Big Bank Basket. MQG suffering falling 1.8% and REITs finding fa...

SPI Futures down 16 (-0.23%) this morning as the RBA is set to scrap quantitative easing and revise inflation in tomorrow's interest rate decision. US markets saw a bump on Friday night the S&P 500 up 105 (+2.43). Catch up on all the latest with Henry's Breakfast Briefing.  ASX 200 down 16 points. US market finish week in another volatile session. Dow up 565 points (1.65%) Nasdaq up...

 The ASX 200 closed up 150 points (2.2%) after a strong start and then a flop before gathering and pushing up to 6988 as bargain hunters emerged with book squaring too. We finished the week down 2.6%.  Across the board gains with iron ore miners the standout. BHP up 2.7%, RIO up 4.1% and GRR up 4.0%. CIA had a good day rising 8.8% on broker upgrades. Resources back in favour in lithium stocks too...

A tech stock sell-off in the US as the Dow closes down seven points. SPI Futures pointing towards a positive open up 101 points. Catch up on the latest news with Henry's Breakfast Briefing. ASX 200 SPI Futures up 101. US markets volatile again. Dow closes down 0.02%  Nasdaq down 1.4%. Apple beats forecasts after hours. Oil down 0.7%. Gold off 2% as USD rises. Commodities slightly weaker. RMD...

 The ASX 200 fell 123 points to 6838 (-1.8%) as the correction becomes official. After a promising start the market got whacked from the twin forces of rising 10-year yields above 2% and the US futures turning down on the Fed press conference fall out. The taper tantrum is alive and well. From a 60 rally to a 160 fall today, it was once again vicious as sellers ambushed the market with the Big Ban...

ASX SPI Futures down 26. US markets volatile on FOMC meeting and Powell press conference. Dow down 0.4% Nasdaq unchanged. Commodities gain. Oil hits US$90. Gold eases back 1.2%. Iron ore up 0.2% Quarterlies and updates dominate. Why not sign up for a free trial ? Get access to expert insights and independent research and become a better investor.

The ASX 200 crumbled 178 points to 6962 ahead of the Australia Day holiday and anticipating more volatility in US markets as FOMC kicks off. CPI kicked higher on fuel and housing and left a giant hole in market sentiment. Banks were hit hard with the Big Bank Basket melting to $169.78 (-2.5%) and other financials also in the doghouse. QBE down 4.5%, IAG off 2.5% and MQG down 2.3%. Platform stocks...