Market Updates

ASX 200 fell hard 139 points to 8206(1.7%) as selling hit all sectors. 10-year bond yields rose again, with interest rate-sensitive stocks suffering the most. The Big Bank Basket fell to $242.99 (-2.0%). CBA off 2.2% and NAB down 2.1%. REITS under pressure, GMG down 2.7% and SCG off 2.5%. Healthcare is suffering, CSL is down 2.9% and PME is dropping by 4.0%. Industrials were weaker across the boar...

The Dow Jones Industrial Average fell Monday, giving back some of the strong gains from last week, as Treasury yields rose and investors awaited new earnings reports. The S&P 500 slipped 0.18% to 5,853.98. The 30-stock Dow lost 344.31 points, or 0.8%, to close at 42,931.60 and snap a three-day run of winning sessions. The Nasdaq Composite was the outlier, rising 0.27% and ending at 18,540.01....

ASX 200 jumped 61 points to 8344 (+0.7%) as resources back in vogue. China cut rates today, iron ore futures rallied slightly. BHP up 1.4% on Samarco update, RIO up 1.9% and FMG rallying 1.5%. Gold miners in demand again, NST up 1.9% and EVN shooting higher, up 5.2%. Lithium stocks also seeing short covering, PLS up 3.4% and MIN suffering badly on CEO and tax issue news, down 13.8%. Oil and gas st...

Wall Street finished last week higher, led by tech stocks following Netflix’s strong earnings report. The Dow rose 37 points (+0.09%) closing at a fresh record high, its fifth in the last six sessions. The S&P 500 chalked up a record close too, gaining 0.40%. However, gains were restrained by losses in the energy sector, bogged down by lower oil prices. Financial stocks also weighed with the S...

ASX 200 closed down 73 points at 8264 (0.9%). A weak end to a good week. Resources under pressure again with the Big Three suffering despite iron ore better in Singapore. BHP off 2.2% and FMG slipping 1.9%. Lithium still in struggle street, PLS down 0.4% and MIN off 2.9%. Gold miners were a little mixed despite bullion rises, NEM up 0.8% but GMD down 0.9%. Oil and gas slid, WDS off 1.3% and uraniu...

Wall Street ended mixed following stronger-than-expected retail sales data. The Dow gained 161 points, clocking its fourth-record close in the last five sessions. The S&P 500 eased 0.02%, paring earlier gains which saw the index touch a fresh record intraday high. The NASDAQ notched a 0.04% gain, while small caps Russell 2000 lost 0.25%. US retail sales rose 0.4% MonM in September , beating ex...

ASX 200 closed off highs after jobs number but still up 71 points to a new record close 8356 . Banks and industrials leading us higher again. The Big Bank Basket up to $245.49  (+1.7%) as results (and dividends) beckon. CBA up 1.6% and MQG up 0.7%. Insurers did well on higher bond yields following robust job growth and unemployment at 4.1%. REITs also in demand. GMG up 1.7% and SCG firing 1.9% bet...

US equities finished higher overnight with traders rotating out of mega caps and into smaller firms. Russell 2000 gained 1.64% and has hit its highest level in almost three years and the S&P Small Cap 600 gained 1.4%. The Dow closed at a record high for the third time in the last four sessions, up 337 points (+0.79%), ending above 43,000. Up 360 points at best. Down 48 points at worst. The S&a...

ASX 200 closed 34 points down at 8285 (-0.4%) as China steadied. Normal service has been resumed, Banks up and resources down. Lithium stocks were hit hard after some downgrades from Macquarie. PLS off 3.6% and MIN down 2.3%. Oil and gas mixed after WDS reported quarterly better than expected. Big iron ore fell a little after RIO -1.1% missed expectations on ore shipments, BHP down 1.1%,  and FMG...

US equities ended lower near worst levels after Europe's most valuable chip company ASML -16% forecasted lower-than-expected 2025 sales, triggering a sell-off in the semiconductor sector. The Dow and S&P 500 fell from their record highs. Dow ended 325 points lower (-0.75%). Up 213 points. Down 362 points at worst. The S&P 500 slid 0.76% but held above 5,800, while small caps Russell 2...

ASX 200 continued its march higher today, up 66 points to a new record close of 8318 (+0.8%) as the banks and miners rose in lockstep. The Big Four were back in demand with the Basket up to $240.18 (+1.6%). MQG managed a 0.3% rise with other financials doing well too, ASX up 1.3% and NWL up 2.9%. REITS recovered after yesterday’s sell-off. GMG up 0.7% with SCG up 0.6%. Healthcare better too, CSL c...

US equities kicked off the week on a positive note hitting fresh all-time highs in a fairly uneventful day of trade. The S&P 500 rose 0.77%, notching its 46th record high this year. The Dow also posted a record finish, up 201 points (+0.47%) to 43,065. Up 275 points at best. Down 157 points at worst. The NASDAQ advanced 0.87%, buoyed by gains in semiconductor stocks. Why not sign up for a free...

ASX rallied 38 points to 8260 (0.5%) just a few points shy of a record close. Banks and resources in favour as US bank reports revive optimism, CBA up 0.9% and ANZ up 1.6% with the Big Bank Basket up $236.36 (+0.9%). MQG rallied 0.7% with insurers and other financials doing well, QBE up 1.1% and GQG up 0.4%. REITs a little weaker, GMG off 0.1% with healthcare doing well, CSL up 1.2% and RMD up 1.1...

US equities ended the week on a high note with the Dow rising 410 points (+0.97%) and the S&P 500 climbing 35 points (+0.61%) to hit record highs fuelled by strong financial sector performance after upbeat earnings from banks. The NASDAQ rose 0.33%, and small caps Russell 2000 outperformed rising over 2%. Financial stocks led the rally, with the S&P 500 Banks index jumping 4.2%, while the...

ASX 200 closed down 9 points on the day at 8215 . Banks were mixed, ANZ up 0.2% with the Big Bank Basket flat at $234.17. Insurers and MQG rose slightly, REITs under some pressure on the higher bond yields. GMG is off 0.7% and GPT down 0.2%. Tech under pressure as WTC finally slipped 1.3% as CEO sold down again. Industrials drifted lower, retail off with JBH off 1.0%, SUL down 1.4%, and LNW slippi...

US equities came under pressure overnight following hotter-than-expected inflation data and a slowdown in the labour market raising bets that the Fed will opt for a smaller cut next month. The Dow Jones eased 58 points (-0.14%). Down 204 points at worst. S&P 500 took a breather coming down from yesterday's record high, off 0.21%, and the NASDAQ finished near flat, off 0.05%. Treasurys fin...

ASX 200 rose 36 points to 8223 (+0.4%), well off the early highs despite a rally in resources with Asian markets back in the green. BHP up 1.4%, RIO up 1.4% and FMG rallying hard up 4.0%. Lithium stocks in demand following the LTM bid, up 38.8%, PLS up 2.5% and MIN bouncing 6.8%. Gold miners slightly better in places, DEG up 1.1% and BGL up 6.3%. Oil and gas better too, WDS bouncing 0.7% and urani...

Wall Street finished higher overnight ahead of inflation data tonight. The Dow Jones closed near session highs, up 432 points (+1.03%). Up 482 points at best. Down 87 points at worst. S&P 500 advanced 0.71% fast approaching 5,800 level, while hitting its 44th record high this year. Why not sign up for a free trial ? Get access to expert market insights and manage your investments with confiden...

ASX 200 rose 11 points to 8187 as an early rally was snuffed out by weak Chinese markets. Banks good. Resources bad. The Big Bank Basket rose to $234.34 (+0.5%). CBA up 0.5% as a defensive play, Insurers better too, ASX rose 1.4% and SQ2 did well on a BNPL sector upgrade, up 4.4%. REITs mixed, GMG down 1.4% and SCG up 0.3%. Industrials firmed, TLS up 1.3% with REA up after AGM comments. Tech bette...

US equities bounced back overnight recovering the previous session's losses buoyed by gains in tech stocks. The Dow added 126 points (+0.030%). Up 174 points at best. Down 80 points at worst. The S&P 500 is up 0.97%, within striking distance of its all-time high, and the NASDAQ gained 1.45%. Chipmakers led gains, with Nivida up 4.0% extending its five-day rally to 14%. Small caps eked out...

ASX 200 reversed early gains on Chinese disappointment falling 29 to 8177 as resources stumbled and banks pushed higher. The Big Bank Basket rose to $233.26 (+0.3), Insurers were under pressure, QBE was down 2.4% on Hurricane exposure, and IAG was up 0.3%. Financials weaker, SOL down 0.6% and SQ2 off 1.7% with REITs under pressure. GMG the exception, up 0.6%. Industrials sidelined and weaker with...

All three major US indexes finished in the red overnight as treasury yields rose while bets that the Fed will hold rate cuts steady at the next FOMC meeting jumped to 13.7% up from 2.6% just one day ago. The Dow Jones ended just off worst levels, off 399 points (-0.94%). Down 521 points at worst. S&P 500 eased 0.96% with also every major sector finishing in negative territory, energy stocks th...

The ASX 200 finished the day up 55 points (0.7%) to 8205. Led by the Banks and Tech with Resources , Discretionary stocks and Energy also doing well. The CBA (+1.5%) had its best day in a month as the banks once again were bought on weakness. WBC , NAB and ANZ finished up between 1.2% and 1.9% despite bond yields jumping over the weekend. Why not sign up for a free trial ? Get access to expert mar...

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ASX 200 slips 55 points to 8150 (0.7%) off lows as we head into a crucial weekend. US Jobs data and Middle East the focal points. Banks came off again, The Big Bank Basket fell to $228.95 (-1.5%). MQG off 0.7% with WBC off 1.9% and Insurers holding firm, REITs mixed, GMG off 1.9% with VCX up 0.9%. Industrials were mixed too, WES down 0.5%, ALL off 0.1% and TLS slipping 0.5%. Tech eased, WTC off 3....