Market Updates

US stocks hit a roadblock as inflation came in hotter than expected at 9.1%, although recovered into the close. The Dow still finished down 209 points (-0.67%). SPI Futures indicating a muted day of trade, down four points.  Get up to speed with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 4 points. Dow falls 209 points (0.7%) Choppy and low volume. Nasdaq down 17 points (0.2%) S&P 500...

 ASX 200 closed up 15 to 6605 (0.2%) as a late afternoon charge helped. A mixed quiet session as we await the US CPI release tonight. Banks firmed slightly with the Big Bank Basket up to $165.67 (0.7%). CBA the star up 1.1% with MQG doing well up 2.2%. MFG slightly higher too up 2.9%. Insurers flat with IAG down 1.1%. Industrials higher with TLS up 1.0%, WES up 1.2%. GMG rose 2.4% with REITS flat...

US stock fell overnight as recession fears continue ahead of the CPI number tonight. The Dow finished down 192 points (-0.62%). SPI Futures are predicting a flat open.  Get up to speed with Henry’s Breakfast Briefing. ASX 200 SPI Futures unchanged. Dow falls 193 in late fall (0.6%) Nasdaq down 108 points (1.0%) S&P 500 drops 36 points (0.9%) Base metals ease. Copper down 2.9% Gold down 0.5% Ir...

ASX 200 gave up early gains to close up 4 points at 6606 (+0.1%). Resources were once again on the nose after more shutdowns in China affecting stimulus hopes with recession fears trumping all. Iron ore miners led falls, BHP down 1.4%, MIN off 2.6% and base metal stocks weaker with lithium depressed. INR down 7.5%, PLS off 2.2% and AKE down 4.8%. Coal and energy stocks firmed with WHC up 1.8% and...

US markets pulled back overnight amid rising Covid concerns in China and ahead of the CPI number later this week. SPI Futures are up 18 points.  Get in the know with Henry's Breakfast Briefing. ASX 200 SPI Futures up 18 Dow down 164 (0.5%) Nasdaq down 263 (2.3%) Twitter falls 11.3% on Musk pulling out.  S&P 500 down 45 (1.2%) Base metals ease. Gold down 0.5% Iron ore down 1.9% Oil steady....

1. ASX 200 fell 76 points to 6602 (1.1%) on next to no volumes. Closed on day low. US futures turned negative with big week ahead and profit taking hitting last week’s winners. Banks fell with the Big Bank Basket down to $162.85 (0.2%). MQG slipped 1.7%, ASX off 1.8% and MFG rose 0.8%. Insurers held up as bond yields rose to 3.53%. Healthcare mixed, CSL up 0.2% with FPH and RMD snoozing, Industria...

US stocks closed the week mixed but the major indices posted gains overall. SPI Futures closed up 20 points on Saturday morning.  Get up to speed with Henry's Breakfast Briefing. ASX 200 SPI Futures up 20 points Dow down 46 points (0.2%) Nasdaq up 14 points (0.1%) S&P 500 unchaanged. US jobs numbers 372k better than expected.  Base metals ease slightly. Oil up 2.3% Gold up 0.1% Iron ore d...

  ASX 200 rose 30 points to 6678 (+0.5%) in lacklustre trade to end its best week since March. It was another day of bifurcation with resources turning green and banks seeing red. The Big Bank Basket slipped back to $163.35 (-0.4%). Insurers flat. MFG down 3% again on leaky FUM , GQG down 4.1% on its FUM. MQG flat with PNI up 1.7% after good results yesterday. Healthcare doing nada, RHC up 0.9% on...

US stocks rallied as fed hawks downplayed recession fears. The S&P 500 (+1.5 %) and NASDAQ (+2.28%) posted their longest winning streaks since March, while the Dow finished up 1.12%. Looking to finish off the week on a positive note SPI Futures are up 49 points (+0.75%).  Catch up on the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures up 49 points (0.8%) Dow up 347 points (1.1%) Na...

A volatile session in the US saw the Dow close right in the middle of its trading range for the session overnight, up 70 points (+0.23%). Markets liked the note of certainty that came from the Fed’s meeting minutes, discussing the coming 50-75bps rate hike. SPI Futures are up 35 points (+0.54%) this morning.  Catch up on the latest market news with Henry’s Breakfast Briefing. ASX 200 SPI Futures u...

 ASX 200 fell 35 points to 6594 (0.5%) as commodity stocks remain under serious pressure on crude falls. Iron ore stocks led the falls with BHP down 5.6% (34 index points alone) and FMG off 4.9%. Gold miners slid on bullion falls, NCM down 6.6% RRL down 6.9% and EVN off 4.0%. Base metals also in the firing line, IGO collapsed 4.9%, S32 off 8.3% and AKE down 4.0%. Energy stocks also on the nose, WD...

US markets were a little mixed overnight. The Dow finished down 129 points, with tech outperforming, leading the NASDAQ to a 194-point gain. The big story from the night though, was the oil price as WTI crude fell below US$100 a barrel. SPI Futures are down 64 points as the energy sector looks to be topping out fast. ASX 200 SPI Futures down 64 points (1%) Dow down 126 points in volatile trade (0....

ASX 200 rallies 17 points to 6629 (+0.3%) on very light volumes. School holidays and end-of-year marketing reports taking their toll. RBA decision kept many players on the sidelines as Lowe moved 50bps as widely expected. Rally petered out at the close. Resources doing ok despite some concerns in iron ore, BHP rose 0.3%, FMG up 1.5% and RIO unchanged despite news on Simantou. Gold miners doing wel...

US markets are closed for July 4th Independence Day holiday. SPI Futures are up a single point this morning, muted ahead of the RBA interest rate decision today at 2:30 pm.  Get up to speed on all the latest news with Henry’s Breakfast Briefing. ASX 200 SPI Futures up 1 US markets closed for Independence Day European markets slightly positive. Dow futures showing small loss. Oil higher at US$113.5...

y ASX 200 rose 73 points to 6613 (1.1%) ahead of the RBA meeting tomorrow with the US markets closed tonight for Independence Day. Banks were the stand-out together with healthcare and industrials, The Big Bank Basket rose to $161.14  with CBA leading the charge up 0.8%. MQG also doing well up 1.8% with insurers a little flat despite bond yields rising. 10 -year yields at 3.53%. MFG under pressure...

ASX 200 SPI futures up 96 points. Dow up 322 points (1.1%) Nasdaq up 99 points (0.9%) Iron ore falls. Gold eases.  Oil up 2.4%. Base metals fall slightly RBA in focus. Why not sign up for a free trial ? Get access to expert insights and independent research and become a better investor.

A night for record-breaking in the US. Unfortunately, they weren’t good records. The worst first half for the S&P 500 since 1970, worst first half for the Dow since 1962 and the NASDAQ saw its worst first half ever.  But it’s not all bad news with history showing The S&P 500 has bounced back following all losses of 15% or more. As we kick off the new financial year today SPI Futures are up...

 ASX 200 finished the year down in the dumps down 132 points to 6568 (2.0%). More undressing than window dressing. Late sell off as funds took out the trash. Sloppy across the board. Banks were hit again as the rally from the lows has been skewered, the Big Bank Basket fell 2.6% to $159.30 with CBA down 2.8% and NAB off 2.4%. MQG off 2.1%, with the ASX down 1.6%, MFG down 5.1% as wealth managers u...

Not a lot of action overnight, the Dow finished barely positive, up 82 points (+0.27%), while the S&P and NASDAQ were unchanged. SPI Futures are indicating a muted day of trade for the end of financial year, down a solitary point.  Catch up on all there is to know for the day ahead with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 1 point. Dow closes up 82 points (0.3%) Narrow convicti...

The ASX 200 closed down 63 points to 6700 (-0.9%). The market made a small recovery through the second half of the session but still finished in the red. Institutional portfolio rebalancing, as we approach the end of the quarter a feature. Financials , consumer staples and energy were the only sectors that finished in positive territory. Energy names outperformed ahead of an OPEC + meeting tonight...

Big tech stocks took a tumble as US markets saw their second consecutive losing session overnight. The catalyst was weak economic data which fueled more fears of a recession. The Dow fell 491 points (-1.56%), giving up some early gains. SPI Futures are pointing to an 84 point loss today (-1.26%).  Get up to speed with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 84 points (1.3%) Dow finish...

ASX 200 up another 58 points to 6764 (+0.9%) as the grind higher continues. Late kick helps as US futures rally hard. Resources took up the baton today with iron ore producers pushing ahead. BHP up 4.3%, RIO up 3.0% and FMG doing well up 3.8%. Gold miners rallied after the sharp knee-jerk sell-off yesterday, NCM up 2.9% and NST up 6.1% on a KCGM PFS update. Lithium was mixed as PLS rose 3.0% but A...

SPI futures are flat this morning as the market pumps the breaks a bit following a volatile session in the US. The Dow finished down 62 (-0.2%) points after being up 98 and down 149 during trade.  Get up to speed with the latest news with Henry’s Breakfast Briefing.  ASX 200 SPI Futures unchanged Dow down 62 points (0.2%) Nasdaq down 83 points (0.7%)  S&P 500 down 12 points (0.3%) Base metals...

 ASX 200 jumped on better US markets with the index closing up 127 points (1.9%) as buyers rushed in and window dressing for EOFY took hold. Banks were the major drivers with the Big Bank Basket gaining 3.5% to $164.16. CBA up 4.0% and NAB up 3.4% were the standouts. Insurers also rise with IAG up 0.9% and SUN up 3.6% on demerger talk of the banking business. MQG up 0.6% with NWL rallying 4.8%. He...

Our market is set to start the week on a strong note with SPI Futures up 103 points (+1.59%) following strong leads from the US on Friday night. The Dow finished up 823 points (+2.68%). Get up to speed on the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures up 103 (1.6%) Dow up 823 points (2.7%) Nasdaq up 375 points (3.3%) S&P 500 up 116 points (3.1%) Base metals fall hard Tim down...