Market Updates

Wall Street's recent winning streak came to an end with all the major indices were down as optimism on trade negotiations faltered after Trump said he’d lower tariffs on China “at some point” and announced a 100% tariff on movies produced outside the US. Ended nine straight day of gains for S&P 500 . Down 0.64%, NASDAQ down 0.74%. Dow dropped at the open, rose into the green during the da...

The ASX 200 started the week giving back 80 points to 8158 (1%) as the bank rally faded post WBC results. Slightly underwhelming and lack of growth to blame. WBC fell 3.0% taking CBA down 1.6% and the Big Bank Basket down to $265.29 (1.7%). MQG followed the other lower down 1.8% ahead of numbers Friday. Other financials gave up early gains, with RPL and XYZ , two of the only winners. REITs also sl...

Wall St rose Friday to record its 9th straight positive session. Boosted by US/China trade talk and economic data . Dow up 564 points closing near the high. S&P 500 up 1.47%. Nasdaq up 1.51%. For the week, S&P 500 up 2.9%, Nasdaq up 3.4%. The ASX 200 rose 3.39% , best week since December 2023. Non-farm payrolls came in at 177k on Friday, lower than 185k in March but well above forecasts fo...

The ASX 200 kicked another 93 points higher to 8238 (1.1%) as China appears to often its tactics. A big kick in US futures on the news helped. Banks led the way higher for a change. The Big Bank Basket up to $269.96 (+1.6%) ahead of the results kicking off next week. CBA up 1.4% and WBC playing some catch-up up rising 1.9%. MQG finally joined in, and other financials did ok with the exception of X...

The Dow Jones Industrial Average climbed 83.60 points, or 0.21%, to close at 40,752.96. The S&P 500 gained 0.63% to end at 5,604.14, still slightly below its levels from before President Donald Trump's "Liberation Day" tariffs announcement in early April. The Nasdaq Composite increased 1.52%, to close at 17,710.74 and wipe out the decline it experienced since April 2. Weekly job...

The ASX 200 kicked off May with a 19-point gain to 8146. Some Asian markets closed today as are some European markets. US futures showing a very positive session, given the results from Meta and Microsoft. Banks held firm with CBA up 0.4% and the Big Bank Basket flat at $265.81 (0.2%). Other financials did ok too, PTM rose 11.4% as Kerr Neilsen sold out to LSF . Merger talks are on. HUB rose 2.3%...

Wall Street oversaw a late rally in Wednesday’s session to recover from an initial selloff as markets dealt with the US’s first economic contraction since 2022 and anticipated Big Tech earnings. Seventh straight day of gains for the S&P 500 . Up 0.15%, NASDAQ down 0.09%. Dow dropped sharply early on but recovered late to end the day up 142 points (+0.35%). Closed near high. Mixed sector perfor...

The ASX 200 finished the month up 56 points to 8126 (+0.7%), giving us a 3.7% rise for the month. Hard to believe really. A 14% rally off the lows. CPI today came in slightly higher than some expected, but clears the way for a rate cut next week. Banks celebrated with CBA pushing 2.2% higher, NAB up 0.5% and the Big Bank Basket up to $265.43 (+1.6%). Other financials were a little mixed. MQG fell...

Wall Street recorded another set of gains on Tuesday in a choppy session as markets weighed upcoming earnings, economic data and changing trade policy. Sixth straight day of gains for the S&P 500 . S&P 500 up 0.58%, NASDAQ up 0.55%. Dow fell early on but recovered to end the day up 300 points (+0.75%). Closed near high. All sectors in green except Energy . Lower oil prices. Materials and N...

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...