Market Updates

ASX 200 nosedived today, closing down 76 points (-1.1%) to 7138, sliding for the fourth consecutive session as lingering uncertainties weigh on market sentiment. Tech stocks showed off their resilience on the back of the Nvidia result and move, with the All-Tech Index up another 2.4%, recovering yesterday’s losses and then some. XRO found its balance after yesterday's tumble, up 2.3%, SQ2 +2....

Global equities fell overnight as US debt ceiling talks continue without a deal. All three major US indices are down just off session lows, extending losses from the prior session. Safe haven buying boosted the dollar and gold. Oil prices have reversed their recent downtrend, rising after a warning from the Saudi energy minister to speculators. Lots of Fed speak following the release of FOMC meeti...

The ASX 200 decided to take a nosedive today, closing down 46 points (-0.6%) to 7214, marking the third consecutive session down as market sentiment sours. Tech rally came to an end. All-Tech Index fell 0.9%. XRO hot streak finally cooled, off 1.5%, SQ2 and CPU found some support up 0.7% and 0.2%. Gold and Energy stocks were the winners today, riding the wave of stronger oil and bullion prices. NC...

ASX 200closed down 3 points to 7260 (-0.1%) in a narrow day of trade. Financials bounce back, recovering yesterday’s losses. The Big Bank Basket up to $171.34 (+0.6%) MQG, the biggest winner climbing 2.1%, CBA , NAB , ANZ, and WBC all with modest gains +0.6%, +0.4%, +0.8%, and +1.0% respectively. Tech Rally continues, All-Tech Index gained another 0.3%. WTC had a wild day, shares hit a record high...

US stocks closed mostly higher in an uneventful day of trade. The Dow closed 140 points lower, the S&P 500 near flat, finishing just in the green ending off session highs just under the 4200 level, and the NASDAQ added 0.5%, supported by gains in Alphabet and Meta. European stocks finished little changed. Gold come under pressure from Hawkish Fed officials, Treasury yields weaker 2Y yield back...

ASX 200 started the week down 16 points to 7263 (-0.2%) tracking the US markets as debt ceiling jitters continue. Banks weighed down the ASX today, Big Bank Basket fell to $170.32 (-0.9%), CBA the biggest loser down 1%, ANZ , NAB , and WBC all off -0.8%, -0.7%, and -0.8% respectively. Tech continued to rally, with the All-Tech index up 0.2%, XRO continued to climb up another 1.3%, after gaining 15...

Dow Jones down 109 points (-0.33%). Up 117 at best, down 199 at worst. NASDAQ -0.24%. S &P 500 -0.14%. SPI Futures down 11 points . The ASX 200 was up 0.31% (23 points) last week. US markets rose last week with the Dow Jones up 0.38% on the week, S&P 500 up 1.65% with the NASDAQ up 3.04%, defying Powell and his Hawks last week. The ASX followed suit tracking the US markets up 0.31% support...

The ASX 200 took a hit today, dropping 36 points (-0.5%) to close at 7199 . The downturn was widespread, with gold and resources the worst performers. Gold miners saw a substantial drop, losing its lustre following recent hawkish comments from Fed officials. NCM down 2.1%, EVN down 2.3%, and NST off 1.1%. Resource stocks faced headwinds, BHP down 0.8% and RIO down 0.3%. Lithium shares also under p...

US markets closed lower across the board in an uneventful day of trade with the S&P 500 trading within a 20-point range before a sharp decline before close. US treasuries continued to rise as economic data and weak corporate results disappoint, while the ongoing debt ceiling negotiations dampen market sentiment. Greenback strengthens while gold slides back below the $2,000 mark. More Fed speak...

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ASX 200closed up 10 points to 7267 (+0.1%) rebounding from a midday slump. Gold stocks performed well today, as gold prices rose above $2,010 snapping a three-day decline spurred on by safe-haven buying. NCM up 1.5%, after accepting Newmont’s takeover offer, NST +2.9%, EVN +4.2%, and PRU +2.9%. Financials weighed on the market, The Big Bank Basket down to $169.62 (-0.8%) ANZ off 4.0% ex dividend,,...

Dow Jones down 9 (0.03%) on Friday. 300 point range. Was down 199 at one point. S&P 500 down 0.16%. NASDAQ down 0.35%. Regional Banks mixed, reversing early losses. KBW regional bank index up 0.3%. Western Alliance was up, PacWest Bancorp was down. Negotiations over the U.S. debt ceiling continue. There has been some generally positive after-hours Fedspeak. U.S. consumer sentiment slumped to a...

 The ASX 200 grinds out a 5-point gain to 7257 (0.1%) as banks gain and resources fold. ASX 200 up 0.5% for the week. Big iron ore and base metals were under pressure following LME price falls on disappointing Chinese numbers. BHP off 1.2% with RIO down 1.0%. Gold miners sold off too as bullion slid slightly and NCM extended the period of DD for Newmont falling 2.2%.  Lithium stocks better though...

Global stocks slumped after Disney’s results, and regional banks, such as PacWest, reported falling deposits. This decline in bank deposits has renewed concerns about the banking industry following the recent collapse of three regional lenders. US jobless claims increased, and producer prices rose modestly, suggesting a slowing economy, which led to Treasury yields dropping. Tesla shares rose by 2...

US stocks closed broadly higher overnight closing off near best levels. Nasdaq posted its highest close since August, supported by a rally at Google +4.1% as the company rolled out more AI for its core search product. April CPI data was the highlight of the day coming in largely in line with expectations, regional banks under pressure again, treasuries stronger while the USD Index slipped. Dow Jon...

US equities closed lower overnight in an uneventful day of trade, closing off near-session lows. Nothing specific behind the cause of the pullback, though some earnings results underwhelmed, regional banks still struggle to find their legs, debt ceiling concerns remain elevated, and CPI data out tomorrow. US treasuries and the USD Index edge higher, while Oil recovered from more than a 2% drop ear...

ASX 200 closed down 12 to 7264 (-0.2%) snapping a two-day advance, weighed down by energy stocks. Banks hold onto yesterday’s gains, with the Big Bank Basket back to $170.47 climbing 0.4%. NAB EX-DIVIDEND TOMORROW. WBC EX-DIVIDEND THURSDAY. ANZ and MQG EX DIVIDEND ON MONDAY. CBA +0.2%, ANZ +0.7%, NAB +1.0% and WBC +0.1%, MQG +2.3%. Oil prices were up 2.54% overnight but BHP , STO, and BPT found no...

US equities closed were mixed overnight in a dull day of trade coming off a sharp rally on Friday. The USD strengthened, treasury yields rose, and gold edged higher. Concerns about the debt ceiling are intensifying, while optimism rises that the worst stresses in US regional banking have passed. European markets ended higher broadly, supported by healthcare and bank stocks. Focus is now on US CPI...

ASX 200closed up 57 to 7277 (+0.8%) in a broad market rally. Energy sector soaring today +2.5% following news the government’s PRRT hike is not as bad as feared. WDS +2.9%, BPT +2.8%, and COE +6.7%. Lithium stocks were stronger today following Morgan Stanley’s comments that lithium markets have hit a turning point, MIN +1.4%, PLS +4.6%, and CXO +6.7%. Gold miners found some support down 0.7%. Stap...

Dow Jones +547 points (+1.65%) on Friday. It was up 621 at best. NASDAQ +2.25%. S&P 500 +1.85%. KBW Bank index +4.60%. Down 11% for the week. The regional banking bomb defused itself overnight. The KBW Regional Bank index +4.69%. 15 stocks in the index were up more than 6%. Pacwest was up 81.7%. Western Alliance up 49%. Zions up 19%. Comerica up 17%. At the bigger end of town US Bancorp up was...

ASX 200 finishes the week up 27 points to 7220 (+0.4%), rebounding from early lows again as bargain hunters stepped in. ASX 200 down 1.2% for the week. Banks did a double take after the ANZ and MQG results. ANZ kicked 1.5% higher on record profits and talked increased competition as anticipated. MQG slipped slightly on its numbers. The commodities division once again the superstars. The Big Bank B...

US equities closed lower overnight in Thursday trading. Regional banks under immense pressure closing sharply lower amid renewed crisis fears. Heavyweight US bank stocks fall on regional bank woes, Goldman -4.25%, Bank of America -3.12%, and JPMorgan -1.69%. Global equities down broadly after the ECB raised interest rates by 25bps and signalled more tightening would be needed to reign in inflation...

ASX 200 closed down 4 points to 7193 (-0.1%) after hitting its lowest levels in nearly five weeks amid a sharp selloff in big heavyweight banks. NAB -6.4% was hammered today despite ROE surging to 13.7%, the highest level since 2019, as its net interest margin fell short of expectations falling to 1.77% down from 1.79% in the December quarter. CBA -2.6%, ANZ -2.4%, WBC -4.1%, MQG -0.8%, Big Bank B...

US equities closed mostly lower and near their worst levels after Fed Chair Powell's post-FOMC remarks. The Fed raised rates by 25 basis points to 5-5.25%, in line with the March expectations. The FOMC statement scrapped previous guidance that the Fed expects additional policy firming needed to attain a sufficiently restrictive stance. Meanwhile, ADP's April private payrolls report showe...