Market Updates

ASX 200 finished down 57 points to 8153 (-0.7%) despite hopes for Chinese stimulus and better US and European futures markets. Banks eased back led by CBA down 1.5% and the Big Bank Basket down 0.9%. Other financials mixed, ASX up 0.4% and CGF gaining 0.6%. REITs fell across the board, GMG down 1.5% and SCG off 1.9%. Industrials fell after the ACCC announced it would be looking into WOW, down 3.4%...

Wall Street finished mixed Friday, following the previous day’s rally fuelled by the Fed’s upsized interest-rate cut. The Dow nudged higher by 38 points (+0.09%) reaching a record thanks to Nike's gains (+6.84%), while the S&P 500 fell 0.19% and the Nasdaq eased 0.36%. For the week, the S&P gained 1.36%, the Nasdaq 1.49%, and the Dow 1.62%. The session was marked by high trading volum...

ASX 200 wilted after a great start to close up only 18 points at 8210 , unable to hold on to earlier big gains. Triple witching and index rebalancing in US tonight . Banks remained solid with the Big Bank Basket at $249.63 (+0.5%). MQG slid from record highs, and SUN eased 1.3%. REIT's mixed, GMG down 0.6% and SGP up 0.4%. Industrials were mostly firm with WES up 1.5% and retailers doing well...

The Dow advanced 522.09 points, or 1.26%, ending at 42,025.19, marking its first close above the 42,000 threshold. The S&P 500 rose 1.7% to close at 5,713.64, topping 5,700 for the first time. The Nasdaq Composite surged 2.51% to end at 18,013.98. ASX to rise. SPI Futures up 31 points (+0.38%). COMMODITIES Biden administration nears approval for ioneer's Nevada lithium mine. Saudi Arabia&...

ASX 200 closed up 50 points to a new record high of 8192 (+0.6%) on SPI expiry day. Some wobbles post job numbers were quashed by buyers stepping back in for banks and now resources too. The Big Bank Basket hit fresh highs of $248.39 (+0.5%). CBA up 0.5% and ANZ playing some catch-up, rising 1.1%. MQG rose 1.0% with other financials doing alright. SOL up 1.0% and ZIP up 9.2% on cheaper money and h...

The Dow Jones Industrial Average slid 103.08 points, or 0.25%, to end the day at 41,503.10. It was up as much as 375.79 points just after the Fed decision. The S&P 500 lost 0.29% and closed at 5,618.26. The Nasdaq Composite dropped 0.31% to 17,573.30. The S&P 500 and the Dow both touched records initially before falling back. The Fed lowered its overnight lending rate to a range of 4.75% t...

ASX 200 drifted around to close up 1 point ahead of the Fed. Banks were firm, again, the Big Bank Basket up to $247.05 (+0.4%). MQG rallied another 0.6% to a record close. Financials were a little mixed, REITs generally better, GMG up 0.1% and SCG up 0.5%. Industrials firmed, WOW up 0.3% and COL up 0.4% with WES flat and ORG up 2.2%. Tech drifted around, WTC up 0.4% and the All Tech Index lost 0.2...

The Dow Jones Industrial Average inched down 15.9 points, or 0.04%, to close at 41,606.18. The 30-stock index also hit a fresh record during the session. The S&P 500 was unchanged. The Nasdaq Composite advanced 0.2% and ended at 17,628.06. The energy sector outperformed the S&P 500 on Tuesday afternoon. Energy advanced 1.3%, with gains led by Halliburton and Devon Energy up 3.2% and 2.1%,...

ASX 200 finished up 19 points to 8141 just shy again of a record close. Relatively quiet and steady ahead of crucial Fed move on Wednesday. Banks were slightly firmer, the Big Bank Basket up to $246.14 (+0.2%). Financials a little mixed, SUN down 0.3% and ASX off 0.2%. REITs firmed, GMG up 0.8% and SCG up 0.5%. Healthcare eased back a little, FPH down 0.2% and COH down 1.1%. Industrials firm but i...

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ASX 200 kicked off the week on a positive note, gaining 22 points to 8122 (+0.3%), just 27.1 points away from its previous all-time high. Banks did most of the heavy lifting today as resources sagged on lagging commodity prices. WBC was in demand up 2.2% hitting a 52-week high, and the Big Bank Basket rose 1.1% to $245.76. Gold miners firmed, supported by fresh record-high bullion prices during th...

Wall Street ends the week on a positive note as markets raise bets for a bigger rate cut by the Fed next week. The S&P 500 rose 0.54% overnight, and is up 4% for the week, its best week since November and is within 50 points of its all-time high reached in July. The Dow advanced 297 points (+0.72%). Up 437 points at best and up 2.6% for the week. The NASDAQ rose 0.65% (+5.95% for the week) and...

ASX 200 rose 24 points to 8100 (+0.3%) having hit close to an all-time high and backed off. Banks sold off as resources rose. It was the turn of iron ore and gold miners to rally hard. FMG up 4.8% and BHP bouncing 2.1%. MIN up another 0.8% with gold miners hitting their straps. NST up 4.1% and EVN up 7.2% with DEG up 7.0% and GMD rising 2.3%. Lithium stocks eased back, PLS up 1.0% and IGO off 1.8%...

US equities rose overnight after PPI data reinforced expectations for a 25bps cut by the Fed next week. The Dow Jones finished near session highs, up 235 points (+0.58%). Up 246 points at best. Down 196 points at worst. The S&P 500 gained 0.75%, with all sectors ending higher and the NASDAQ rose 1.0%, with Nvidia +1.9% leading gains in chipmakers, but Micron Technology slid 3.79% on a broker d...

ASX 200 kicked 88 points higher to 8076 ahead of ECB decision. Best day in three weeks. Back to within 72 points of an all-time high. Uranium and lithium stocks leading the charge. Gains across the board. Resources recovering as shorts getting squeezed hard, BHP the exception as it went Ex-Dividend. RIO up 1.9% and FMG up 2.2%. Lithium stocks saw a short-covering frenzy, with PLS up 7.9%, MIN up 8...

All three major US indexes closed higher overnight, with a rebound in tech stocks offsetting earlier losses following a disappointing inflation report, which crushed hopes for a 50bps cut from the Fed next week. Wide range from Dow overnight. Up 167 points at best. Down 744 points at worst. Finishing up 125 points (+0.31%). The S&P 500 gained 1.07%, it was the first time the index has bounced...

ASX 200 closed down 24 points to 7988 (-0.3%) as banks fell and resources rose. CBA led the falls down 1.9% with the Big Bank Basket down to $242.11 (-1.3%). MQG and other financial suffered a similar fate after falls in the banking sector in the US. REITS were slightly weaker with GMG up 1.1% bucking the trend after NXT raised another $750m for an Asian data centre expansion. Industrials drifted...

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Wall Street kicked off the week higher with all three major indexes gaining over 1%, buoyed by bargain hunting following last week's sharp sell-off. Attention now shifts to this week's CPI data for more clues on the size of the Fed rate cut. The Dow Jones gained 484 points (+1.2%). Up 655 points at best. The S&P 500 rose 1.16% snapping a five-day losing streak after its worst start t...

ASX 200 rallied back from early losses to close only 25 points down at 7990 (-0.3%). No follow through this morning as resources found some bargain hunters and banks eased only slightly. The Big Bank Basket dropped to $245.27 (-0.5%). Losses across the financials, MQG off 0.6% and insurers falling, QBE down 0.4% and SUN down 1.3%. REITS were positive across the board with some M&A in HPI keepi...

US equities finished the week on a negative note, weighed down by concerns over a slowing labor market and a tech sell-off. All three major indexes finished lower, with almost all sectors in the S&P 500 finishing in the red. S&P 500 lost 1.73%, falling for a fourth consecutive session and the NASDAQ slid 2.55% dragged down by heavy losses in the Magnificent Seven. Nvidia -4.1%, Alphabet -4...

ASX 200 continued to push slightly higher to 8013 up 31,(0.4%) as once again we saw banks rally to record highs and resources fall to depressing lows. CBA hit a record up 1.5% with the Big Bank Basket up to $246.10 (+1.5%). MQG kicked 2.4% on its Airtrunk win, Insurers doing well, QBE up 1.5% and SUN rallying 1.4%. REITs also doing well as bond yields fell to 3.89% (who needs the RBA ). CHC up 2.4...

The S&P 500 dipped 0.3% to end at 5,503.41, while the Dow Jones Industrial Average lost 219.22 points, or 0.54%, to settle at 40,755.75. The Nasdaq Composite gained 0.25% to finish at 17,127.66, after rising as much as 1.2% earlier in the session. Private payrolls data showed the weakest growth since 2021, heightening fears of a slowing labor market. However, weekly claims for unemployment ben...

ASX 200 rose 32 points with a late spurt to 7982 (+0.4%). Gains were modest as Michele Bullock poured yet more cold water on any rate cuts this year in a speech. Banks were again the strength. CBA up 1.0%, NAB up 1.5% and the Big Bank Basket up to $242.68 (+1.3%). MQG rallied 1.3% with other financials doing well. CGF dropped 11.0% on news Apollo was selling down its stake. Insurers eased back, QB...

US equities closed mixed following a choppy trading session as treasury yields slumped on jobs data and Nivida extended its two-day sell-off to 11%. The Dow edged higher, up 38 points (+0.09%). Up 236 points at best. Down 96 points at worst. S&P 500 and NASDAQ closed lower, down 0.16% and 0.30%, respectively dragged down by losses in Energy and Tech stocks. Russell 2000 fell 0.16% and the VIX...