Market Updates

US stocks fell on Wednesday as traders digest the latest FOMC monetary policy decision and comments from Chair Powell. The Fed kept interest rates steady as expected and Chair Powell said it will be appropriate to start cutting rates at some point this year although he doesn't think a March cut is likely. Traders pared bets for a rate cut in March after such comments. The S&P 500 fell 1.6...

ASX regrouped after an early swoon jumping 81 points to 7681 (+1.1%). The CPI number turned things around coming in below forecast and pointing to zero chance now of a rate rise. Rate cuts could be sooner rather than later. Looked like some month end window dressing helping things along too. Banks continue to lead the market ever higher, CBA up to another record up 1.3%, WBC up 1.5%, and ANZ up 1....

US equities finished mixed overnight. The NASDAQ fell 0.76% ahead of Microsoft and Google's quarterly results after the closing bell. The S&P 500 closed nearly unchanged, down 0.06%, near the previous day's all-time closing high, while the Dow finished near session highs, up 134 points (+0.35%). US 10Y Treasury yields remained near two-week lows as the market considered unexpected jo...

ASX closed up 22 points to 7600 (0.3%) after shooting higher in morning trade. It hit near record highs before a sell-off. Banks eased back very slightly with WBC down 0.5% and Big Bank Basket down to $ (%). Insurers eased back with QBE down 2.2% and SUN off 2.0%. Other financials eased back too, MQG the exception up 0.2%.  REITs better led by GMG up 1.0% and SCG up 2.1%. Tech better WTC up 1.3% a...

The Dow Jones Industrial Average added 224.02 points, or 0.59% to close at 38,333.45, while the Nasdaq Composite gained 1.12% and settled at 15,628.04. ASX SPI Futures up 38 points. It was the sixth record close for the S&P 500 and the Dow.  Base metal broadly lower as the USD firmed. Nickel -1.02%, Aluminium -0.48%, Zinc -0.54%, Lead +0.58% and Tin -0.86%. Gold firmed 0.64% as rising tensions...

ASX 200 finished up 23 points to 7578 (0.3%). A positive start to the week with some big events to come. Once again, we saw a divergence in the markets with financials continuing to defy analysts and power up, The Big Bank Basket up to $198.84 (0.9%). MQG rose 0.6% with insurers under a little pressure today. REITS back in demand despite no real change in bond yields, Industrials relatively firm,...

Stocks in the US closed mixed on Friday, as investors weighed the latest corporate results and economic data. The S&P 500 edged lower, snapping 6-day winning streak and the Nasdaq 100 lost 0.5%, while Dow Jones finished higher by 60 points. ASX 200 SPI Futures up 14 Copper slips on doubts over China's stimulus measures. Iron ore posts best week since November on China optimism. Gold holds...

ASX 200 closes up 36 points in another strong day at 7556 (+0.5%) on Chinese stimulus hopes. The index is up 2.8% since last Friday. Resources were passed the baton today, with quarterlies dominating too, FMG leading the iron ore stocks higher up 2.0%, production numbers beating expectation, Iron ore picking back up in Asia, helping BHP up 1.5% and RIO up 2.8%. MIN powered ahead on its quarterly o...

Wall Street finished mixed overnight. The S&P 500 marked its fourth consecutive record-high close, driven by strong quarterly results from Netflix +10.7% and positive reports from chipmaker ASML +8.85%. NASDAQ Composite rose 0.36%, now ~4% below its 2021 all-time high, while the NASDAQ 100 advanced 0.3%, hitting record highs. The Dow Jones fell 99 points (-0.26%). Up 159 points at best. Down 1...

 The ASX 200 has finished near flat , remaining close to unchanged since midday. Individual stocks had a different story with plenty of volatility around during confessions and results season. NAN was the worst performer in the All Ords, falling 33.4% as revenue dropped and costs rose. KGN was one of the standout performers, rising 14.9% on a profit upgrade thanks to improved margins and selling i...

Wall Street closed mostly higher overnight on continued tech enthusiasm and the upcoming “magnificent seven” mega-cap results. S&P 500 up 0.29% , NASDAQ up 0.43% . The Dow Jones fell 96 points (0.25%) after 3M dropped 11% on results. The biggest news was a 7% jump in the after-hours Netflix share price after the company reported 13.1m new subscribers in Q4. Well ahead of expectations for ~9m....

ASX 200 rises another 38 points to 7515 (0.5%) as banks and iron ore miners lead the market higher. The Big Bank Basket continuing higher, $197.85(0.75%). MQG doing well on market rally, up 1.6%. Insurers firm as QBE rises 0.6% and IAG up 1.5%. REITS steady not going too far. Industrials firm, staples doing ok, WOW up 0.8% and COL up 0.6%, ‘old skool’ stocks up too, CAR up 1.1% and REA up 1.7%. Te...

US Stocks closed higher on Monday, marking another record-breaking session. The Dow added 0.36%, finishing above the 38,000 level for the first time ever. The S&P 500 added 0.22%, also recording a fresh all-time high. The Nasdaq Composite also ended the session higher with a 0.32% advance.  ASX SPI Futures down 1 point. Oil climbs 3% as conflicts, weather tighten supply. Gold slides on trimmed...

ASX 200 has started the week in a very positive fashion, up 55 points to 7477 (0.8%) on the US market rally and stronger US futures. Banks leading the charge with CBA up 1.3% and NAB up 1.1% with the Big Bank Basket up %. REITs too in demand despite yields remaining around 4.25% in the 10-years. GMG leading with a 1.3% gain. Industrials also doing well, TLS up 0.8% and BXB rallying 1.8%. Consumer...

Last Friday, the S&P 500 achieved a record-high close, up 1.13% to 4840, propelled by chipmakers and tech stocks amid optimism surrounding AI. This milestone confirmed the S&P 500's bull market status since Oct-22, signalling the end of a bear market. The NASDAQ rose 1.7%, and the Dow advanced 395 points (+1.05%), up 465 points at best. Notably, Nvidia and AMD rose 4.2% and over 7.1%,...

ASX 200 bounces 75 points to 7421 (1.0%) in a solid yet unexciting day. Third weekly decline still and down 77 points on the week. Banks led the charge up with CBA hitting record highs up 0.7%. The Big Bank Basket up to $193.89 (+1.0%). MQG rallied 1.5% with insurers up as QBE rallied 0.5% and SUN up 0.9%. REITS found friends, GMG up 1.7% and SGP up 1.2%. Healthcare had a good bounce CSL up 2.2% a...

US stocks closed higher on Thursday, propelled higher by AI-related optimism that bolstered chip stocks, notably Nvidia and Taiwan Semiconductor Manufacturing (TSMC). The Dow Jones rose by 202 points, or 0.54%, closing at 37,469 points. The S&P 500 gained 0.88%, while the NASDAQ advanced 1.35% to 15,055.81. TSMC's US-listed shares jumped by 9.79% after the semiconductor manufacturer proje...

ASX 200 fell for the fifth day down around 47 points to 7347 (0.6%). Losses across the board with local jobs data showing a slow down with the headline steady at 3.9%. Seasonal factors may be a issue. Banks held steady on jobs number. The Big Bank Basket pretty much unchanged. Insurers better on higher yields, MQG down 0.7%. REITs falling fast, GMG down 1.6%, SCG off 2.4% and SGP down 3.9%. Indust...

The Dow Jones Industrial Average declined 94.45 points, or 0.25%, to close at 37,266.67. This marked the third straight day of losses for the 30-stock index. The S&P 500 slid 0.56% to close at 4,739.21, and the Nasdaq Composite lost 0.59%, ending the session at 14,855.62. Treasuries under pressure with curve bear flattening; 2Y back near 4.35%. December retail sales came in stronger than expec...

ASX 200 falls another 22 points today to 7393 (0.3%) to a four-week low as banks start to slip. Late rally helping slightly. The Big Bank Basket dropped to $191.54 (0.4%). CBA leading the fall down 0.6% with WBC off 0.7%. MQG lost 0.6% though insurers better on higher yields. 10-year yields back to 4.20%. REITs slid too, GMG off 0.1% and SCG down 1.0%. Healthcare a little higher CSL up 0.4% and RM...

The Dow Jones Industrial Average fell Tuesday as bond yields ticked higher and Wall Street pored through the latest batch of fourth-quarter earnings. Boeing took a hit on a broker downgrade falling nearly 8%. The Dow declined 231.86 points, or 0.62%, to close at 37,361.12. The S&P 500 slipped 0.37% to end at 4,765.98, and the Nasdaq Composite dropped 0.19% to 14,944.35. ASX SPI Futures up 5. A...

ASX 200 dropped 82 points to 7415 (1.1%) in a perfect storm as major stocks all saw sellers appear. No lead-in from the US, but futures are pointing to a weaker start all the same. The ‘Three Amigos’ saw selling as Iron ore prices fell again in Asia, BHP off 1.4% and FMG copping a 2.2% loss. RIO reported production numbers and reaffirmed guidance falling 1.3%. Lithium stocks mixed, PLS up 1.1% and...

US markets closed last night. The pan-European STOXX 600 ended 0.5% lower, as government bond yields across the region perked up after ECB’s chief economist pushed back against rising expectations for rate cuts. ASX 200 SPI Futures down 21 points. Copper closed up 0.56% at $8,381 after falling as far as $8,308. Zinc jumped 1.57% after Nyrstar said it will suspend zinc smelting operations at its Du...

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Wall Street closed mixed overnight, with the Dow Jones closing 118 points lower (-0.31%), while the S&P 500 and NASDAQ remained mostly unchanged. Markets grappled with the impact of corporate quarterly results and softer-than-expected PPI data. BofA (-1.1%) and Wells Fargo (-3.3%) fell as their results fell short of estimates, while JPMorgan , despite posting upbeat results, lost 0.7%. UnitedH...