Market Updates

The ASX 200 closed up 74 to 8071 in another strong day pushing to a two-month high. Up 0.9%. All sectors firing, the banks did well with NAB up % and WBC up % as the Big Bank Basket crept to $261.14 (0.4%). Financials also in demand, PNI up 2.3% PPT up 3.1% and MQG up 0.8%. AMP continues to push higher, up another 3.6%. Insurers and REITS firmed, GMG up 1.6% and SCG rising 0.9% with SUN better by...

Wall Street recorded a flat session on Monday ahead of various economic data and earnings releases this week. S&P 500 up 0.06%, NASDAQ down 0.1%. Dow fell throughout the day but rose in the late afternoon to finish in the green. Up 114 points (+0.28%). Mixed sector performance. Real Estate and Energy best two performers. Tech worst performer after leading gains for three consecutive days. Mode...

The ASX 200 jumped out of the box to finish up 29 points to 7997 (0.4%) as some caution crept in as the day wore on. CBA turned negative, not helping as NAB soared 1.7% and the Big Bank Basket fell to $260.16 (-0.2%). Financials were generally firm, AMP finding a few new friends up 2.5% and XYZ bouncing slightly. GQG fell 1.4% and PNI popped 2.7%. REITs were mixed, GMG rose 0.8%. Healthcare stocks...

Wall Street recorded a fourth consecutive day of gains on Friday to finish a strong week with Tech leading the way as hopes of a de-escalation in the trade war between the US and China boosted all indices. S&P 500 up 0.74%, NASDAQ up 1.26%. Dow dropped and rose steadily throughout day to finish flat. Ended near high. Up 20 points. Mixed sector performance. Growth outperformed defensive. Rotati...

A strong finish to a short week as the ASX 200 closed up 48 points to 7968 (0.6%). For the week we are up another 1.9%. A solid performance from the banks again with NAB up % and WBC rising %. The Big Bank Basket rose to $260.77 (+0.75%). MQG up another 1.2% as brokers upgraded post the Nomura deal. Fund managers picked up too, PNI up 2.6% and MFG rising 1.2%., GDG failed to touch the wall with it...

Wall Street recorded a second day in the green as Trump stated he had “no intention of firing Powell” and Treasury Secretary Bessent renewed hopes of trade war de-escalation with China. S&P 500 up 1.67%, NASDAQ up 2.50%. Dow rose sharply but pared some gains throughout day. Closed near low. Up 420 points. Most sectors up. Growth sectors led rally. Tech and Consumer Cyclicals top two, benefitti...

The ASX 200 was a mirror of yesterday with CBA and gold miners down today and the rest of the market up. The index closed up 104 points at 7920(1.3%). In the banks, CBA fell 2.5% with NAB the standout up 3.2% with the Big Bank Basket down to $258.77 (-0.8%). MQG leapt 5.3% with other financials back in demand, PNI up 6.0% and GQG up 7.1%. REITs also doing well with GMG rallying 3.0% and VCX up 2.7...

Wall Street bounced back to end a four-day losing streak as markets responded positively to quarterly earnings reports and hopes of a de-escalation in US-China trade tensions. S&P 500 up 2.51%, NASDAQ up 2.71%. Dow steadily rose throughout day and ended near high. Up 1017 points. All sectors green. Financials led the charge. All major names up 2.9% or more. Followed by Consumer Cyclicals . Ama...

The ASX 200 shook off early losses as banks pushed ahead. The index closed down 2 points at 7800 (0.03%), with CBA hitting a record high! Up 4.2% The strength here has masked underlying index weakness.  Other banks trailed in its wake with the Big Bank Basket up to $260.87 (+2.5%). Other financials were mixed, GQG up 2.9% with CGF also doing well, IFL dropped 4.3% on a broker downgrade, PNI fell 2...

Wall Street saw red as Trump continued his attacks on Fed Chairman Powell. Markets feared for the central bank’s independence. S&P 500 down 2.36%, NASDAQ down 2.55%. Dow dropped and stayed near low throughout day. Rose a little before close. Down 972 points. All sectors down. Growth sectors fared worst as risk off sentiment reigned. Consumer Cyclicals and Tech both down. Telsa drove consumer c...

A good end to the week as the ASX 200 rose 60 points to 7808 (0.8%), breaking through as SPI expiry boosted volumes. Positive US futures helping the Easter Bunny remain positive., For the week the ASX 200 is up 2.3%. Today was all about gold and resources, BHP up 1.1% and RIO up 2.9% doing well on broker reactions to production reports. Gold miners better, but looking a little tired short term, EV...

Wall Street recorded a negative session yesterday as Powell cautioned that larger than expected tariffs would result in slower growth and higher short term inflation. S&P 500 down 2.24%, NASDAQ down 3.07%. Dow began day down and dropped further following Powell’s comments. Closed near low. Down 700 points. All sectors down excluding Energy . Tech suffered heaviest losses, driven by chipmakers...

ASX 200 gives up gains to close down 3 points at 7759 as US futures turn down on Nvidia news. Banks as usual a safe place to be, the Big Bank Basket up to $252.55 (1.0%). WBC up 1.5% and MQG unchanged. Financials mixed, ZIP rising 16.2% on a very positive update and upgrades. REITS firmed with SCG up 1.2% and VCX up 0.5% whilst GMG fell 0.5%. Industrials were weaker, SGH down 1.5%, GYG fell 3.5% a...

Wall Street recorded a negative session overnight as nerves surrounding Trump’s tariffs remained. Second session with tight trading range after volatility of last two weeks. S&P 500 down 0.17%, NASDAQ down 0.05%. Dow initially rose but fell throughout session. Ended near low. Down 178 points. Boeing , one of biggest Dow weights, dropped 2.36% after China ordered airlines to reject further deli...

The ASX 200 consolidated the move yesterday with a gain of 13 points to 7762. Easter is calling it seems. Banks were the key with the Big Bank Basket up to $250.19 (0.6%). CBA up 0.5% and MQG gaining 0.8% too. Other financials were a little soggy, GQG down 1.9% with HUB falling 2.9% despite good FUA numbers. PNI dropped 5.0%. REITs eased back too, GMG down 1.2% and SCG down 0.9%. Healthcare saw CS...

Wall Street responded positively to Trump’s announcements over the weekend of temporary exemptions for electronics and possibly autos. Muted session, longer-term uncertainty remains. S&P 500 up 0.79%, NASDAQ up 0.64%. Dow recovered from some midday softness to end the session closer to the high, up 312 points. All sectors up.  Real Estate was largest winner, rate sensitive sector, benefitted f...

It was a solid start to the week, with the ASX 200 up 102 points to 7749 (1.3%). Strong banks and resources are taking us up. The Big Bank Basket rallied to $248.77 (+1.6%). CBA was up 1.7%, and WBC was up 1.6%. Insurers also better with MQG flat as some downgrades coming through. REITs rallied hard, GMG up 2.4% and SCG up 1.8%. Industrials were better but lagged, WES up 1.1% and SGH up 2.7% with...

Wall St finished higher after the most volatile week we have seen since covid. Four primary market drivers overnight – China increasing tariffs again, US investment banks kicking off quarterly earnings , calming comments from Fed officials and both consumer sentiment and inflation expectations coming in worse than expected. S&P 500 up 1.8% . Nasdaq up 2.1% and the Dow up 619 points. Closing ne...

The ASX 200 finished down 63 points to 7647 after rallying through the day to close on its highs. European futures expected to open slightly higher. For the week the ASX 200 is down 20 points! Banks slipped slightly with the Big Bank Basket down to $244.92 (-0.6%). MQG slid 0.8% and insurers also turned down, QBE down 0.6% and SUN off 1.5%. PNI continued to fall with GQG up 1.5% and ASX up 2.2%. R...

Stocks fell Thursday, giving back some of the gains from the historic rally seen in the previous session after President Donald Trump announced a 90-day reprieve on some of his "reciprocal" tariffs. Investors worried that even with the short pause on some of the duties, economic activity will be slowed by Trump's singling out of China with a much higher rate. The S&P 500 sold of...

The ASX best day in five years up 335 points to 7710 although off early opening highs. Remarkably stable after the initial surge and fall back. Waiting for more information perhaps. Resources were the big winners today, BHP up 5.4% and RIO and FMG a similar rise, shorts getting hurt in MIN up 18.1% and S32 rising 9.5% with the gold miners also very positive. In AUD terms bullion fell but NEM up 4....

 The S&P 500 skyrocketed 9.52% to settle at 5,456.90 for its biggest one-day gain since 2008. For the broad market index, it was the third-biggest gain in post-WWII history. The Dow Jones Industrial Average advanced 2,962.86 points, or 7.87%, to close at 40,608.45 for its biggest percentage advance since March 2020. The Nasdaq Composite jumped 12.16% to end at 17,124.97, notching its largest o...

The ASX 200 fell another 135 points to 7375 (-1.8%). At one point the market rallied to a drop of only 75 points as banks found defensive buyers. Resources were the point of pain as commodities fell on global growth and Chinese economic output. BHP fell 3.5% and FMG crashed 4.2% with LYC bucking the trend rising 2.0% as gold miners held relatively steady with bullion pushing higher. MIN fell 12.1%...

Wall Street started the previous sessions strongly, S&P 500 and NASDAQ up over 4%, but all major US indices tumbled into red following the White House announcing a 104% duties tax on Chinese imports. S&P 500 down 1.57%, NASDAQ down 2.15%. Dow started strongly, hitting a high of 1461 points, but closed down 320 points, near low. Every sector down. Energy and Materials worse off given fears...

The ASX 200 rose 167 points to 7510 in a Tuesday turnaround. Buoyed by hopes that the tariffs are still negotiable and the US futures showing a good start at least. The market rallied across the board with a special shout out to resources with BHP up 2.3% and FMG gaining 3.5%. Gold miners were also better despite bullion falling as quarterlies beckon. NST ran 5.0% ahead, EVN bounced 5.0% and NEM u...