Market Updates

ASX 200 kicked 58 points higher to 6838 (+0.9%) after a tentative start. Plenty going on in resources today. BHP commits to potash in Canada up 1.6%. RIO and FMG also kick higher on better iron ore prices. Gold miners a little flat, with NEM down 2.3% and CMM off 1.3%. Lithium producers under pressure again, but the dreamers and schemers were on a roll, AZS up 4.6%, WC8 up 7.1% and TG6 going well...

US equities closed out October on a positive note, with all major indices finishing in the green. The Dow Jones traded in a narrow range before closing near best levels, up 124 points (+0.38%). Up 141 points at best. Down 142 points at worst. The S&P 500 and the NASDAQ gained 0.65% and 0.48% respectively. US equities were down for the month of October, Dow down 1.7%, S&P 500 -2.8%, and the...

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US equities rallied overnight, with all three major indices finishing up more than 1% following last week’s sell-off, kicking off a busy week of earnings reports, economic data and the Fed’s FOMC meeting. The Dow traded in the green all day, finishing near best levels, up 511 points (+1.58%). S&P 500 rose 1.2%, and the NASDAQ gained 1.16%, buoyed by gains in mega-cap tech stocks, Alphabet +1.9...

ASX 200 closed down another 54 points to 6773 (0.8%). A brief rally after the retail sales fizzled out as banks sold off, CBA fell 1.6% and the Big Bank Basket slid to $169.11 (-1.5%). Insurers also under pressure with QBE off 0.7% and SUN falling 1.0%. REITs lower with GMG escaping the sell-off up 1.4%. Healthcare mixed, CSL down again off 1.5% but RMD finding support from brokers up 1.2%. Indust...

Wall Street closed mixed overnight as markets grappled with weak earnings reports and data that supported the possibility of sustained low interest rates. The Dow tumbled 367 points (-1.12%). Up just 3 points at best. Down 457 points at worst. The S&P 500 erased earlier gains and fell 0.48%, while the NASDAQ added 0.38% amid mixed earnings reports. Fresh data showed the Feds preferred inflatio...

ASX 200 closed up 15 points at 6827 (0.2%), down only 1% for the week. Banks better after a run yesterday, the Big Bank Basket up to $171.72 (+0.7%). CBA leading the charge up %. MQG remain under pressure ahead of results due soon, down 0.5%. Insurers slid as yields stabilised, QBE down 1.7% and SUN off 1.0%. REITs finally found some friends, GMG up 0.2% and GPT up 1.4%. Healthcare flat, RMD down...

Wall Street finished lower overnight amid mixed earnings, robust economic data showing resiliency and falling bond yields. The Dow ended near worst levels, down 252 points (-0.76%). Up 69 points at best. Down 292 points at worst. S&P 500 fell 1.18%, edging closer to a correction, with the index now down ~10% from its July peak. The NASDAQ slumped 1.76%, after Meta fell 3.7% on weaker advertisi...

ASX 200 fell 42 points to 6812 (-0.6%), rallying off a one-year low. Resources held up relatively well on some more Chinese stimulus and a falling AUD. BHP up 0.5%, and RIO up 1.2%. Lithium stocks on the nose, although some big winners, in AZS on a bid from SQM up 43.1% and RDN as a ‘nearolgy’ play. PLS fell 0.5% on production report, gold miners slid with NST down 0.8% and NCM recovering some ear...

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ASX 200 falls another 57 points to 6842 (0.8%) as resources weighed on sentiment. The big iron ore miners under pressure, BHP off 2.4% with RIO falling 2.4% and FMG off 2.7%. Lithium stocks well and truly on the nose with PLS sinking another 7.3% as AKE fell 3.0% and MIN down 5.2%. Gold stocks eased too as bullion came off the boil, NCM down 2.0% and EVN down 1.4%. Base metals also under pressure...

All three major US indices closed sharply lower overnight as unrest in the Middle East, rising yields and mixed earnings weighed on market sentiment. The Dow Jones finished near worst levels, down 287 points (-0.86%). Dow up 12 points at best. Dow down 296 points at worst. S&P 500 fell 1.26%, with all sectors in the red as well as falling below its 200-day moving average, a key level seen as a...

ASX 200 managed to cling to 6900 falling 81 (1.2%) points today. Across the board selling as yields and geo-political events take centre stage. ASX 200 down 2.1% for the week.  10-year yields stable at 4.74% with US rates breaching 5.00% briefly. Banks sold off with CBA down 1.0% and NAB down 1.6%. Banks have been very good performers this month ahead of results but profit taking creeping in. The...

Wall Street’s major indexes finished lower overnight after a choppy trading session as the market digested Powell’s comments, and the US 10Y yield approached 5%. The Dow Jones closed 251 points lower (-0.75%). Up 187 points at best. Down 297 points at worst. The S&P 500 notched its third straight loss, down 0.85%, the NASDAQ fell 0.96%, and the Russell 2000 is down 1.15%. Wall Street’s fear ga...

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...