Market Updates

ASX 200 dropped 96 points to 6982 (1.4%) as a broad sell-off hit the market as bond yields and Middle East conflict weighed on risk-takers. Big Banks down in the dumps, with CBA off 1.6% and the Big Bank Basket falling to $175.68 (-1.4%). MQG fell hard on US investment bank sell-off, down 2.7%. Insurers off too, despite 10-year yields rising to 4.78%. REITs in trouble, GMG down 2.5% and SGP off 1....

All three major indexes in the US closed sharply lower overnight, near worst levels, as escalating Middle East conflict dampened risk appetite. The Dow Jones fell 333 points (-0.98%), trading lower all day, down 399 points at worst. The S&P 500 and NASDAQ are now down for the week, losing 1.34% and 1.62% overnight. US Small caps Russell 2000, down 2.11%, and Wall Street’s Fear gauge, the VIX ,...

ASX 200 rose 22 points to 7078 (0.3%)  rallying into the close in cautious trade again. Middle East’s tragic events have been weighing on sentiment as gold and oil move higher in Asia. Banks were becalmed with NAB the best of the bunch up 0.6% with the Big Bank Basket up to $178.24( +0.24%). Insurers pushed higher again as yields rushed higher on RBA chief’s comments. 10-year yields up to 4.65%. Q...

Wall Street’s major indexes finished mixed overnight, losing earlier gains to end near flatline amid rising bond yields and renewed fears of higher for longer after higher-than-expected retail sales data. The Dow closed marginally in the green, up 13 points (+0.04%), up 163 points at best and down 130 points at worst. The S&P 500 ended slightly lower, down 0.01%, while the NASDAQ lost 0.25%, w...

ASX 200 slipped from strong early gains to close up 29 points at 7056 (+0.4%) as geopolitical events hang and RBA minutes show RBA thought about a rate rise. Plenty of green on screen today with the Big Banks doing well, CBA up 0.5% and the Big Basket Basket up to $177.81 (+0.7%). Insurers rallied, with QBE up 1.7% and MQG rising 0.6%. REITs were better again despite 10-year yields rising to 4.55%...

The Dow Jones Industrial Average traded 314.25 points higher, or 0.93% to close at 33,984.54, marking its best day since September. The S&P 500 climbed 1.06% to end the day at 4,373.63, while the Nasdaq Composite added 1.2% to 13,567.98. Nike and Travelers Companies led the Dow higher on Monday with advances of around 2.1%. All 11 S&P 500 sectors traded higher in the session. Earnings seas...

ASX 200 lost 25 points to 7027 (0.4%) as caution prevailed. It is a big week ahead with results, AGMs and economic data. Many players happy to hug the sidelines. Banks eased back with the Big Bank Basket down to $176.66 (0.5%). WBC the worst of the bunch down 0.8%. MQG off 1.4% with insurers mixed and fund managers easing. MFG fell 4.1% after moves in MGF to change its structure next year. REITs a...

S&P 500, Nasdaq fall with data, geopolitics offsets strong results. Treasuries, gold prices rise, stocks fall on Mideast fears. US yields slide on worries Israeli raids inside Gaza could escalate. European shares fall on global risk-off mood but log weekly gains. Novo Nordisk raises full-year guidance again as US sales of Wegovy, Ozempic fly. Microsoft closes $69 billion Activision deal after...

ASX 200 performs only slightly better than expected, falling only 40 points to 7051 (-0.6%). Volumes seemed light, and some book squaring ahead of US results helped sentiment. Banks eased back, with CBA down 0.6% and the Big Bank Basket down to $177.48 (-0.7%). Insurers slightly better IAG up 0.2%. Fund managers eased back, and REITs fell back as 10-year yields rose to 4.47% again. Industrials sli...

Wall Street finished in the red overnight after a US treasury auction sent bond yields higher, and CPI data came in hotter than expected. September monthly headline CPI came at 0.4% , higher than consensus of 0.3% , down from 0.6% in August. Headline YonY remained unchanged at 3.7%, although higher than expectations of 3.6%. Monthly Core CPI rose 0.3% in line with expectations, while annualised co...

ASX 200 limped to a 3-point gain to 7091 (0.04%) ahead of US CPI. Six sessions in a row. Just. CSL was the biggest drag on the index as positive drug trials in US marred outlook for medical companies. The stock fell 6,3%, RMD down 5.3% on same effect. Banks once again did the lifting with CBA up 1.0% and NAB up 0.9% as the Big Bank Basket rose to $176.90(+1.0%). Insurers better and even MQG rose 0...

US equities finished higher overnight after a choppy session following the release of FOMC meeting minutes, which showed caution among policymakers, fuelling bets that rates would stay steady. The Dow edged higher, up 66 points (+0.19%). Up 143 at best. Down 127 at worst. The S&P 500 rose for a fourth straight session, up 0.43%, and the NASDAQ rose 0.71%, with Nvidia gaining 2.2%. Short-dated...

ASX 200 rose another 48 points to 7088 (+0.7%) up for a fifth consecutive session, bouncing back from 6,890 levels just last Wednesday. Almost all sectors finished higher. Consumer discretionary is the top performing sector today as RBA rate hike expectations tapered off, ALL up 1.1%, DMP up 2.9%, and TLC gained 1.3%. Iron ore got a nice boost from Chinese stimulus package talks, BHP , RIO and FMG...

US equities rose for a third consecutive day following more dovish comments from Fed officials pushing bond yields sharply lower. The Dow Jones ended up 135 points (+0.4%). The Dow traded higher all day, up 294 points at best. Meanwhile, the S&P 500 approached 4,400 but fell short, up 0.52%, and the NASDAQ gained 0.58%. US treasuries tumbled, with the 10Y yield down 14.6bps and the 2Y down 12....

ASX 200 blasted 70 points higher to 7041 (+1.0%) as bond yield fell hard on safe-haven buying of bonds. Talk of rate cuts as Israel/Hamas conflict the focus. Gold miners are better but not spectacular, with NST up 1.5% and EVN up 0.3%. Lithium plays bouncing hard as a short squeeze takes hold. PLS up 6.2%, and IGO up 3.5%. LRS having a good day too on broker upgrades, up 7.6%. Big miners off highs...

US markets finished higher overnight, recovering earlier losses following fresh remarks from Fed officials bolstering confidence the Fed will refrain from lifting rates this year amid rising oil prices and conflict between Israel and Hamas. The Dow finished near best levels, up 197 points (+0.59). Dow at best up 224 points. Dow at worst down 154 points. The S&P 500 is up 0.63%, and the NASDAQ...

The ASX 200 gave back most of its gains to end up only 16 points to 6970 (0.2%). After a strong start, caution prevailed, US futures pointed to a negative open and confidence was sapped. Events in the Middle East in focus with gold miners and oil stocks in demand. NCM up 4.7%, NST up 4.0% and EVN up 6.3% leading the charge, lithium stocks on the nose again except for LTR unchanged on the latest as...

US equities rallied Friday, led by gains in mega-cap tech stocks after non-farm payrolls rose the most in eight months, signalling a tight labour market. The Dow Jones rose 288 points (+0.87%) in a choppy day of trade. Up 438 at best. Down 273 at worst. The S&P 500 and NASDAQ registered their largest daily gain since late August, up 1.18% and 1.6%. Markets initially fell after jobs data but ra...

ASX 200 rose 29 points to 6954 (+0.4%) ahead of NFPs tonight. Banks led the charge higher with the Big Bank Basket at $175.74 (+1.2%). CBA up 1.1%, with WBC the standout, up 2.1%. Insurers rallied, QBE up 2.7%, and MQG doing better up 0.5%, but MFG fell 18.5% on lower FUM numbers again. REITs slightly easier after a good day yesterday. GMG down 0.9% and SGP down 0.5%. Healthcare mixed, although CS...

The Dow Jones Industrial Average lost 9.98 points, or 0.03%, to close at 33,119.57. The S&P 500 dipped 0.13% at 4,258.19, and the Nasdaq Composite traded down 0.12% to end at 13,219.83. Energy is this week’s biggest loser, followed by the beaten-down utilities sector. Both sectors are down 5.9% and 4%, respectively. Weekly Jobless Claims came in at 207,000 for the week ending Sept. 30, up just...

ASX 200 shrugged off early indifference to push off the 6900 level to close at 6925, up 35 points (+0.5%). Banks and industrials leading the bounce from oversold levels. The Big Bank Basket rose to $173.59 (+0.9%). CBA up 0.9%, and NAB up 0.7%. Insurers steadied, fund managers found their feet, and MQG up 1.1%. REITs found support as GMG rose 2.6% and SCG up 2.9%. Industrials too finding bargain h...

U.S. stocks closed higher on Wednesday. The Dow Jones Industrial Average added 127.17 points, or 0.4%, to close at 33,129.55. The S&P 500 gained 0.81% at 4,263.75. The Nasdaq Composite rose 1.35% at 13,236.01. T esla up 5.9% and Amazon, Google, and Microsoft all up around 2% . Growth in US services sector slowed along with US private payrolls increasing less than expected. Equity markets viewe...

ASX 200 fell another 53 points to 6890 (0.8%), an 11-month low with banks and industrials in the firing line today. The Big Bank Basket dropped to $172.06 (-1.6%), with CBA down 1.6% and MQG falling 2.1%. Insurers are once again under pressure despite rising bond yields, usually good for the sector. QBE down 1.0%, SUN off 1.6% and REITs sold off yet again. VCX down 1.5% and SGP off 1.3%. Tech ease...

 The blue-chip average is down around 470 points, or 1.4%, on Tuesday. The Dow last performed worse on March 22, when the index slid 530 points, or 1.6%.  The S&P 500 slid 1.37%, touching its lowest level since June during the session and closing at 4,229.45. The tech-heavy Nasdaq dropped 1.87% to end at 13,059.47 as growth stocks saw some of the biggest losses. US job openings (JOLTS) post la...

ASX 200 fell another 90 points to 6943 (1.3%) after weak leads from overseas and bond yields pushing higher. RBA leaves cash rates unchanged in Bullock’s first meeting. Low volume and only tentative signs of some bargain hunting appeared. Resources once again the problem as iron ore fell in Singapore. BHP down 1.2%, and FMG off 1.6%. Energy stocks were also under pressure as crude continued to bac...