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US markets extended gains for a fourth straight session following more economic data pointing to moderation, cementing bets the Fed is approaching the end of its rate hikes. Dow up 38 points (+0.11%). Dow at best up 173 points. Dow at worst down 41 points. S&P 500 breached 4,500, up 0.54% led by tech mega-caps, while regional banks fell. Nasdaq gained 0.54% as bond yields and the USD softened....

ASX 200 kicked 87 points higher to 7298 (1.2%). A killer combo of strong US markets and a much better-than-expected local CPI at 4.9% kept the market pumping. Gains across the board with few exceptions. Lithium was one sector that failed to ignite, which is ironic given lithium’s properties. PLS started well but slid 2.1%, LTR down 0.7%, and MIN mustering a small 1.8% gain. BHP and RIO leading res...

Wall Street climbed most since June, fuelled by optimism the Fed will pause rates in September following the latest jobs data. The Dow Jones rose 293 points (+0.85%), ending near best levels. Up 304 points at best. Down 29 points at worst. S&P 500 up 1.45% after nearly 90% of companies in the S&P 500 rose, pushing the gauge just shy of 4,500. Nasdaq jumped 1.74%, touching its highest in ov...

ASX 200 climbed another 51 points to 7211 (+0.7%). Banks and resources leading the way, with BHP up 1.2% and RIO doing well up 1.1%. FMG bounced back from a loss yesterday with lithium stocks also in demand, PLS up 5.1%. MIN results cheered the sector rallying 8.0%, with IGO also better by 1.7%. Gold miners continued to attract interest, with NCM up 1.1% and NST up 1.4%. Oil and gas becalmed but c...

US markets kicked off the final week of August in the green ahead of key economic data, ending just off best levels. The Dow rose 213 points (+0.62%). Dow at best up 306 points. S&P 500 up 0.63%, and the NASDAQ rose 0.84% despite Powell’s comments over the weekend the central bank may need to raise interest rates further to ensure inflation is contained. Focus now shifting to the personal cons...

ASX 200 rallied 45 points in quiet trade to 7157 (0.6%). Solid day on US optimism and Chinese stimulus moves. Banks leading the charge, CBA up 1.2% and NAB up 1.3%, with the Big Bank Basket up to $175.00 (+1.1%). MQG found some friends up 0.4%, with insurers slightly firmer. REITs positive led by GMG up 0.7%. Healthcare doing better, RHC up 2.5% and RMD rallying another 0.6% with CSL in demand. In...

US markets finished higher on Friday as the market weighed remarks from Fed Chair Powell at the Jackson Hole Summit. Dow Jones rose 247 points (+0.73%). Up 342 points at best. Down 70 points at worst. While the S&P 500 and Nasdaq added 0.67% and 0.94%, respectively. The narrative from the Fed didn’t change after hype all week for additional clues. Powell addressed the string of resilient econo...

ASX 200 finished the week down 67 points to 7115 (0.9%). Down 33 points for the week. Results the focus. Weakness across the board on the back of the US sell-off. Banks brought back to earth with a bump, the Big Bank Basket down to $173.12 (-1.1%). NAB down 1.8%, with MQG off 0.8%. Insurers also fell hard as QBE dropped 1.6% and IAG off 3.2% on ASIC news. Fund managers also in the dumps. Healthcar...

All major US indexes closed sharply in the red overnight, ending near worst levels, losing more than 1% each as profit-taking weighed on shares. Dow Jones down 374 points (-1.08%). Dow at best up 222 points. Dow at worst down 379 points. S&P 500 finished below the 4400 level, down 1.35%, and the NASDAQ lost 1.87% as early session big tech rallies ceased after bond yields rose. Mega cap stocks...

ASX 200 rose 34 points to 7191 (0.5%). A solid grind higher with banks in demand. The Big Bank Basket up to $174.99 (+1.1%). CBA the standout with a 1.2% gain and WBC continues to find friends post-result up 1.4%. MQG had a solid day today up 1.8%, with insurers flat. MPL up 2.6% with results pleasing. REITs rallied as GMG up 0.5% and SCG up 1.9%. Industrials mixed, TLS eased back 0.7%, Tech bette...

US markets ended sharply higher, ending just off best levels, their biggest gain in nearly two months fuelled by weak PMI data across both the US and Europe, bolstering expectations that central banks would halt interest rate hikes to avert a recession. The Dow Jones rose 184 points (+0.54%). Dow at best up 246 points. S&P 500 posted its first 1% gain since 30-Jun, up 1.10%, and the NASDAQ pos...

ASX 200 rose 27 points to 7148 (0.4%), bouncing off the important 7100 level. Banks and BHP leading the way. Results continue to surprise. In every sense. The Big Bank Basket rose to $173.08 (+0.8%). Insurers bounced back, QBE up 1.5%, and SUN up 1.3%. MQG going nowhere, down 0.6%. REITs mixed with SCG and VCX easing back. Healthcare remains in ICU as CSL wallows, down 0.4%, RMD off 1.5% and COH f...

Wall Street ended mostly lower overnight, ending just off worst levels. Dow down 175 points (-0.51%). Dow at best up 50 points. Dow at worst down 207 points. S&P 500 extended its August slide down 0.28%, weighed down by banks as S&P Global Ratings joined Moody’s in cutting some US lenders’ ratings amid a “tough” environment. NASDAQ flat, up 0.06%. Nvidia fell 2.8% on the eve of its quarter...

ASX 200 rose 6 points to 7122 (0.1%) as results continue to dominate. 'Do not disappoint' is the mantra. BHP, the big one to report today, was a little underwhelming, although most was known after production numbers. The stock fell 0.7% with a slight miss to the dividend. Other miners were steady with big lithium in demand, PLS up 1.9% and AKE rallying 1.7% on results. Gold miners also i...

US equities closed mixed overnight. Dow down 37 points (-0.11%). Up 70 points at best. Down 252 points at worst. NASDAQ up 1.56%, while the S&P 500 rose 0.69% the upward movement was mostly driven by Nvidia +8.5% as HSBC raised its price target for the stocks and Tesla +7.3% recovering some of last week’s losses following news of more price cuts in China. Financial markets remain relatively su...

  ASX 200 dropped 33 points to 7116 (0.5%) as results dominated. Banks slid on WBC NIM woes, down to $170.88 (-0.9%) for the basket. WBC dropped 3.1%, with ANZ off 1.0%. MQG better, up 0.8%, but insurers fell after IAG results, QBE down 1.5%. Industrials were mostly firm, WES up 0.4%, ALL up 0.7% and REH managing a 0.2% gain. REA rose as tech stock saw buyers, XRO up 0.6% and WTC rallying 0.3%. Th...

ASX 200 fights back to close up 2 points at 7148 after a wobbly start. For the week the ASX 200 is down 2.6% as results season and China woes continue. Banks eased back again, CBA down 0.6% with the Big Bank Basket sliding to $172.49 (-0.5%). MQG fell 0.6% but MFG rallied 13.3% on a special dividend and cost-cutting. Insurers flat. REITs were dominated by GMG which has rallied an extraordinary 12%...

US equities close in the red overnight for the third straight day as a global bond market selloff intensified and tamped down enthusiasm for tech stocks. Dow ended near worst levels, down 291 points (-0.84%). Dow at best up 123 points. Dow at worst down 325 points. S&P 500 and Nasdaq fell 0.77% and 1.17%, respectively, booking losses for the third consecutive session amid renewed concerns abou...

ASX 200 closed down 49 points at 7146 (-0.7%) as China and US worries weighed. Super Thursday results also disappointed from TLS to NXL . A worse-than-expected jobs number at 3.7% helped the ‘RBA is done’ narrative and caused a rally off the lows but lacked conviction. Banks were mixed with the Big Bank Basket down to $173.41 (-0.8%). MQG fell hard down 2.0% with insurers mixed. QBE down 1.6%. Hea...

Wall Street ended lower overnight night after the FOMC minutes showed bank officials were divided over the need for more interest rate hikes at their last meeting. Dow Jones down 181 points (-0.52%). Up 187 points at best. Down 189 points at worst. S&P 500 off 0.76%, slumping for a second day in a row, and NASDAQ slid 1.15% as tech behemoths dragged. Treasury yields climbed, reaching levels no...

Blood on the streets on the ASX 200 today ,  market down 110 points to 7195 (-1.5%), posting its biggest drop in six weeks. REITs put up some resistance following solid earnings reports VCX +2.4%, MGR +5.3% and SCG +1.5%. Energy stocks fell, as crude oil fell for a third day after a drop in US inventories, STX off 3.5%, BPT down 2.8% and WDS -0.9%. Tech stocks tracked the Nasdaq lower, SQ2 -4.0% a...