Market Updates

The ASX 200 fell 17 points to 8824 (0.2%) as CBA stumbled 6.6% lower on trading update.  Every 1% is a 10-point fall. This wiped any thoughts of gains off the table. The Big Bank Basket fell to $284.31 (-3.8%). WBC bucked the trend in the banks, up 1.3%. Financial generally flat, MQG up 0.7% and QBE rising 0.6%. Industrials generally firmer, TCL up 1.0%, WES up 0.6% and WOW and COL slightly firmer...

A good night for markets in the first session for the week. Both the SP500 (+1.5%) and the Nasdaq (2.4%) rose. Nvidia punched back 6% after its recent wobble. Tesla lifted 3.7%, with investors apparently not concerned about Elon Musk’s new pay deal.   The Dow lifted 389 points. It’s a risk on move. Stronger conviction around the end of the US government shutdown this week helped sentiment as we aw...

The ASX 200 kicked 66 points higher to 8836 (0.8%) as news of a Senate vote to end the shutdown brought risk appetite back. ANZ results helped the banking sector as the market warmed to the transformation story, with the stock hitting record highs, up 3.2 % . The Big Bank Basket rose to $295.69 (0.2 % ) with CBA slipping slightly. Financials were better, as MQG found some analyst love and ZIP rose...

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The ASX smashed lower to finish the week off 59 points at 8770 (0.7%) , with the week down 1.2% . Felt like a lot more really!  Banks came under pressure, coming off all-time highs as MQG was dumped 5.7% and WBC and CBA fell hard. The Big Bank Basket dropped to $295.13 (-1.1%). Financials and wealth managers continued to fall, with NWL off 2.6 % and AMP down 2.9 % . REITs were a mixed bag — GMG st...

US stocks down overnight, with SP500 down 1.1% and the Nasdaq off 1.85%. The VIX sprang back 11% to close just under 20. Bitcoin can’t lift strongly either.  Big Tech under some pressure, with TSLA -3% as shareholders sweat the Musk pay deal. Meta and Amazon were both off over 2%, and Nvidia is now down 9% in 3 sessions. Apple managed to weather the selling and stay flat. Some recent (private) dat...

The ASX 200 managed to cling to small gains today, up 26 points to 8828 (0.3%). NAB fell 3.3% after results saw some profit-taking on low growth, WBC down 1.2% as it went ex-dividend. Insurers were better, with QBE up 1.7% and MPL up 0.8%, while other financials remained sloppy and weak. Industrials generally mixed — TLS up 0.6%, TCL up 0.8%, and ALL rising 1.3%, with WES slipping 1.2% again, and...

The Dow Jones Industrial Average gained 225.76 points, or 0.48%, to close at 47,311.00. The S&P 500 rose 0.37% to finish at 6,796.29, while the Nasdaq Composite advanced 0.65% to settle at 23,499.80. Investors were paying attention to the Supreme Court hearing Wednesday regarding President Donald Trump’s tariffs.  Some encouraging data on the economy Wednesday with better-than-expected ADP pay...

The ASX fell another 12 points to 8802, well off lows, as resources were slammed hard. The market finished well off the lows of the day as US futures recovered from heavy early losses. Banks held up again, CBA up 1.3% and the Big Bank Basket up to $297.93 (+0.9 % ). MQG dropped 0.4%, and financials were mixed — ASX up 1.6% and GQG off 1.7% again. Insurers saw small gains, SUN up 0.6% and MPL up 1....

Stocks fell on Tuesday, pressured by declines in artificial intelligence-related names like Palantir, as investors grew increasingly concerned about valuations in the bull market-leading shares. The S&P 500 declined 1.17% to close at 6,771.55, while the Nasdaq Composite traded down 2.04% to finish at 23,348.64. The Dow Jones Industrial Average lost 251.44 points, or 0.53%, to 47,085.24. Wall S...

The ASX 200 dropped another 81 points to 8814 (0.9%) as the RBA kept rates unchanged as expected. Banks and iron ore miners synchronised falls, with the Big Bank Basket down to $295.15 (-0.4%). WBC saw buyers up 1.5% on broker comments post the result. CBA down 0.8%. Insurers and financials slid, MQG down 0.8% and QBE off 0.7%, with SOL continuing to flounder off another 1.7%. REITs under pressure...

The big deals just keep coming over in the USA. Amazon hit all time highs on the news that OpenAI has signed a seven year deal to buy services from Amazon’s cloud division AWS. It’s worth $38bn . Amazon rose 4%, lifting again after its quarterly report last week. That helped the Nasdaq rise 0.45%. Tesla also rose 2%, momentum starting to form after the wobble around it quarterly update back on Oct...

The ASX 200 started badly down some 40 points but rallied to close up 13 at 8892 (0.2%). Once again it was the banks that led the turnaround with WBC numbers pleasing and the sale of the RAMS Home Loan book also a positive. The bank closed up 2.8% with the Big Bank Basket at $297.33 (+2%). CBA kicked up 2.3% and other financials were mixed. REITs slid with GMG down 0.2% and SGP off 0.8% and insure...

Wall St ended slightly higher as positive Amazon results outweighed falling odds for a rate cut in December. Tech sector down overall yet the Nasdaq performed best up 0.61%. S&P 500 up 0.27%. Closing off highs on average volume. Dow up 41 points. Amazon up 9.6% (had been +13% after hours) took not just the Cyclicals sector up but the entire S&P by ~0.45% . Apple lost all its after hours ga...

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US shares were down overnight , with the NASDAQ off 1.57% and SP500 (-0.99%) also weakening. Meta fell 11.3% as the market reacted further to their earnings update yesterday. Most of the other big players also down, with Tesla -4.6%, Microsoft -2.9% and Nvidia -2%. Two brighter spots were Amazon, which is up a powerful 11.6% in the after market after its update showed its AWS division had the stro...

The ASX 200 dropped another 41 points to 8886 as interest rate sensitive stocks fell and WES dropped 7.1% on AGM comments. Banks held firm as we await details from APEC on the Trump/Xi Meeting which was all over in 90 minutes. The Big Bank Basket held at $289.37 (+0.1%), with insurers slipping and financials a little wishy washy. REITs tumbled as rates rose, GMG down 1.3% and SCG off 2.9% on rate...

Big night for Wall Street as the SP500 finished flat but the Nasdaq rose 0.5% . Focus on US company earnings and the Fed meeting. Rates cut 0.25% but pushed back against any assumption of another one in December. Bond yields and USD up. US10Y up 10bp. Gold initially up over 1.5% before losing all gains. Equities took an initial hit before recovering. The odds of a December cut dropped from 90% to...

The ASX 200 dropped 86 points to 8926 (-1.0%) as inflation came in hotter than expected and snuffed out any rate cut hopes for next week. The banks bore the brunt, CBA down 2.1% and WBC falling 3.1% with the Big Bank Basket falling to $289.08 (-2.1%). Insurers fell, QBE down 1.6% and SUN off 2.0%. Other interest rate stocks fell, TCL down 1.9% and REITs under pressure, GMG down 1.4% and SGP off 3....

US stocks finished higher overnight. The Nasdaq rose 0.8% and the SP500 0.2%. US stocks remain in record highs on average volume of 20bn shares. Employment figures released were encouraging, and NVDA made a big 5% move up after announcing a deal to build seven AI supercomputers for the US energy department. CEO Huang also said they had US$500bn in bookings for its AI chips – and that’s even withou...

The ASX 200 fell 43 points to 9012 (0.5%) as resources were sold off heavily. Two blue chip casualties today too in CSL on a downgrade and delays to its demerger plans and WTC on ASIC raid on offices. Both falling heavily, CSL off 15.9% and WTC down 15.9% too. The All-Tech Index fell 1.1%. Gold miners under serious [pressure again today with NEM down 4.1% and NST falling 3.1% as bullion fell below...

US stocks hit all time highs again overnight. The Nasdaq was up 1.8% and the SP500 1.2% . Company earnings are coming in strong, the Fed is in a rate cutting cycle and optimism around the trade spat is keeping the market buoyant. The VIX is now falling well back from the high it hit earlier in the month and the gold price retreated again (-2%). Bitcoin also seems to be stabilising after its recent...

The ASX 200 rose 37 points to 9056 (0.4%) after flirting with a new record high. Banks came off the early boil somewhat, CBA up 0.8% and the Big Bank Basket up to $291.17 (+0.7%). Financials generally were firm, ZIP up 3.0% and XYZ 1.8% higher. REITS too were a little better, GMG up 0.9% and SCG up 0.2%. Industrials generally were solid, ALL up 1.8% and QAN took off, up 3.4% with BXB also doing we...

Wall St had a strong session on Friday. Inflation numbers coming in slightly lower than expected and company earnings continuing to beat. The market jumping hurdles of the Government shutdown, trade tensions, regional bank jitters, overvaluation concerns and oil sanctions. S&P 500 up 0.79%, closing near the high on average volume. Dow up 473 points. Nasdaq best up 1.15%. Headline CPI hit 3% vs...

The ASX 200 drifted 14 points lower to 9019 (0.2%) in cautious trade ahead of the latest US CPI tonight. For the week, we are up around 24 points. Not that exciting, but plenty happening beneath the surface as usual. Banks eased back today with CBA down 0.8% and the Big Bank Basket down to $289.13 (). Other financials also drifted lower, NWL down 2.2% and HUB off 2.1 %. ZIP fell 1.0% and insurers...