Market Updates

ASX 200 closed up 1 point to 7237 in a boring day of trading. RBA rate pause apparently not stimulating markets as much as one would think. Phil Lowe's speech at the Press Club dominated. US Jobs numbers creating uncertainty in the global economy and helping to push gold ever higher. NST up 3.1%, NCM up 3.1% and EVN up 4%. Iron ore stocks fell,BHP down 1.5%, RIO down 0.9%. Lithium mixed but m...

ASX 200 rose 13 points to 7236 (+0.2%) surging after the RBA paused on rate rises . Banks saw moderate gains with the Big Bank Basket relatively unchanged at $172.12. MQG rose 1.4% and insurers mixed as ACCC concerns on SUN / ANZ deal took focus. Money managers flip-flopped around. REITs bouncing back hard led by GMG up 1.0% and MGR up 2.4%. TLS had a good day up 0.7% and hit prices not seen since...

US equities finished mixed overnight for the first trading day of the second quarter. S&P 500 climbed higher supported by energy stocks following OPEC+ groups oil output targets. Dow closed near highs after a midday slump and Nasdaq fell on concerns about the impact the OPEC+ cut could have on inflation and the Fed’s monetary policy. Treasurys rose on news US factory activity contracted, tempe...

ASX 200 closes up 45 points to 7223 (+0.6%) continuing on from last week’s rally. The energy sector led the market today, KAR up 6.5% after announcing production issues at Bauna and maintenence brought forward, WDS +2.7%, STO +2.5%, and BPT healthy +3.5%. Base Metals and Gold worst performers today, gold miners lagging NCM , AGG , and NST all off 1.8%, 0.4%, and 1.1%, respectively. Banks did well...

Dow Jones up 415 points (+1.26%) closing near its highs. Up 432 at best. Up 43 at worst. S&P 500 up 1.36% taking it up 3.39% for the week. The NASDAQ up 1.74% taking it up 3.03% last week. The NASDAQ was up 16.8% in the last three months with the US Tech sector up 21.8%. That follows the 33% fall in the NSADAQ last calendar year. SPI Futures up 45 this morning. The ASX 200 has had a good week...

Global equities higher overnight. US markets rose as tech stocks continued their strong run, while regional banks were under pressure again as the Biden Administration proposed stronger measures to reduce risk and Fed officials reiterated their resolve to lower inflation. S&P 500 up seven of the last nine session, back above the 4000 level and above levels seen just before the start of the ban...

ASX 200 rose 72 points to 7122 (+1.0%), hitting three-week highs during trade, piggybacking off the tech rally on Wall Street overnight. Tech stocks led the market today, NXT up 1.8%, MP1 +4.3%, WBT +7.2%, and SQ2 +2.4%. All-Tech Index up 1.5%. Most sectors were positive. REITS only negative sector, down 0.2%. Financials regained their footing, with big banks clawing back yesterday’s losses CBA +1...

Stocks rose broadly Wednesday, as strong gains in tech helped the Nasdaq rebound after a losing session. Sentiment was also lifted by easing concerns around the state of the banking sector. The Dow Jones Industrial Average surged 323.35 points, or 1%, to close at 32,717.60. The S&P 500 gained 1.4% to end at 4,027.81, and the Nasdaq Composite added nearly 1.8% to close at 11,926.24. Regional ba...

ASX 200 closes up 16 points to 7050 (+0.2%) reversing earlier losses, as the market digested softer (better) than expected CPI data . Resources performed well, both RIO and BHP up 0.7% and 1.4%. Lithium stocks mixed, CXO slipped down 4.78%, but PLS and AKE held onto yesterday’s gains up 2.3% and 3.5%. Gold steadies as global banking fears remain, NCM up 0.9% and NST up 2% recovering some of yester...

Dow Jones down 38 points (-0.12%). Dow up 119 at best, down 137 at worst. S&P 500 down 0.16%. NASDAQ down 0.45%. VIX Volatility Index down 3.1%. In Europe, STOXX 50 +0.1% FTSE +0.2% CAC +0.1% DAX +0.1%. SPI Futures are down 26 points (+0.37%). ASX to slip, February CPI pending. Wall Street ends down with tech; investors assess bank comments. Wall Street falls while bond yields rise with gold....

 ASX 200 raced ahead by 72 points to 7034 (1.1%) as the Albemarle bid for LTR turbo charged the resources sector and lit the blue touch paper under the bombed out lithium stocks. LTR up 68.5%, CXO up 15.4% and PLS up 11.9%. Huge short squeeze across the board. A bid too in UMG up 30.81% did not hurt the positive sentiment that spilled into resources as a whole. BHP rose 2.0% with FMG up 1.2%. Base...

US markets mostly up overnight. S&P 500 up on news First Citizens BancShares would take on deposits and loans of failed Silicon Valley Bank, while tech-heavy Nasdaq closed down after a bit of pullback in big tech. Treasuries weaker, with the 2-year yield back over 4%, and both S&P 500 Banks Index and KWB Regional Banking Index finished up 3.1% and 0.6%, respectively. Dow Jones up 195 point...

ASX 200 drifted lower during the session off highs closing up 7 points at 6962 (+0.1%). Banks turned down slightly after a early positive start. CBA down 0.8% and ANZ off 0.4% with the Big Bank Basket at $166.15 (-0.4%). MQG off 1.5% slipping further down although insurers better, QBE up 0.9% and MPL up 1.6% as LFS seems to have taken the pressure and focus off their cyberattack. Money managers sl...

US stocks closed higher overnight marking the end of a volatile week as US Fed officials calmed markets over a potential liquidity crisis in the banking sector. European stock markets fell on fears that regulators and central banks have yet to contain the worst shock in the banking sector since 2008. Market sentiment was hurt by a sell-off of Deutsche Bank, which fell by as much as 15%, closing do...

 ASX 200 falls 13 points to 6955 rallying quietly from the open as US futures stayed positive. Resources turn to be stronger today. Modestly. Lithium stocks bounced but not convinced, PLS up 3.8% and MIN up 0.6% with LTR rallying 4.2%. Iron ore stocks better, RIO up 0.2% and gold stocks doing well as AUD gold approaches $3000. EVN up 2.8%, NST up 0.8% and SBM up 4.0%. Oil and gas stocks drifting l...

Wall Street closed higher despite some wobbles shrugging off some of yesterday’s losses as markets took comfort in US Treasury Janet Yellen’s reassurances that measures will be taken to keep deposits safe and that the Fed may pause rate hikes to offset recent turmoil in financial markets. Gains in US stocks were offset by losses in Europe as Switzerland, Norway, and Britain all hiked interest rate...

ASX 200 fell 47 points to 6969 (-0.7%) but steady at lower levels as we await the US and European markets. Resources in a funk with BHP off 0.8% and MIN down 2.9%. The Lithium and battery material stocks cratered hard, PLS down 4.7%, CXO off 3.8% and AKE down 4.3%. Rare earths also remain under pressure with LYC down 3.2% and ARU off 7.9%. Gold miners were firm but unspectacular despite bullion he...

Wall Street fell sharply overnight, falling from near two-week highs after the Fed hiked interest rates by the widely expected 25bps but signalled it may be on the verge of pausing future hikes amid recent volatility and turmoil in the financial markets. The 2-year and 10-year treasury yields retracted, and the USD index softened on the Fed’s dovish note. Dow Jones down 530 points (-1.63%), closin...

Global equity markets closed up overnight as widespread fears over liquidity in the banking sector abated. All eyes are now on the Fed which is expected to wrap up its two-day policy meeting tomorrow with an expected 25bps hike. The USD dollar index edged lower, and short-dated treasury yields rose sharply. Dow Jones up 316 points (+0.98%). Dow up 349 at best. S&P 500 up 1.30%. NASDAQ up +1.58...

ASX 200 gained 57 points to 6955 (+0.8%) as the RBA meeting helped solidify earlier gains. Financial markets stabilised after recent volatility. Resources in general did well today with Gold mixed as the market consolidated gains from yesterday . NST down 1.5% , NCM up 0.6% and EVN up 2.1% . Iron ore stocks doing well on demand optimism. BHP up 1.3%, RIO up 1% and FMG unchanged after Andrew Forres...

Global equity markets rallied overnight after the historic deal from UBS to rescue Credit Suisse and central banks’ efforts to boost confidence in the financial system containing the banking crisis for now. Bond yields rose as markets weigh the chances of the Fed skipping a rate hike and the USD Index retracted. Dow Jones up 383 points (+1.20%). Dow up 418 at best. S&P 500 up 0.89%. NASDAQ up...

 ASX 200 fell 96 points to 6899 (1.4%) after a mid-morning rally fizzled out and reverses closing on lows for the day as US and European futures gave back early ground. All eyes on the European opening. Gold was the only sector in the green with NST up 8.5% and a NCM up 6.0% with second liners doing well, EVN up 10.1% and GMD up 8.0%. Bullion easing back a little from record AUD highs. Iron ore st...

**** UBS is paying 3bn Swiss francs ($4.5 billion) for Credit Suisse in an all-share deal that includes extensive government guarantees and liquidity provisions. The price is less than half the 7.4 billion francs Credit Suisse was worth at the close of trading on Friday. Regulator Finma said about 16bn francs of Credit Suisse bonds will become worthless to ensure private investors help bear some o...

ASX 200 claws its way up 29 points to close at 6995 (+0.4%). Some mid-morning jitters before Asian markets opened and steadied the ship. Modest gains across the board, Banks better with CBA up 1.1% and NAB gaining 1.5% with the Big Bank Basket up to $168.78 (+1.0%). Insurers better with QBE up 2.1% and SUN up 0.8%. Fund managers are better too, MFG up 3.7% and PTM rallying 6.7%. Industrials firmed...

Dow Jones up 372 points (+1.17%). Dow up 407 at best and down 303 at worst. S&P 500 up 1.76% . NASDAQ up 2.48%. VIX Volatility Index down 12.1%. In Europe, STOXX 50 + 2% FTSE +0.9% CAC +2% DAX +1.6%. SPI Futures are up 27 points (+0.39%). ASX to rise, Wall Street rallies on First Republic boost. Wall Street closes higher as First Republic helps lift banks. Global shares gain as banking sector...