Market Updates

US equities finished sharply higher closing near best levels. S&P and Nasdaq now both higher week to date. Fresh economic data showed cooling inflation and a loosening labour market, fuelled optimism the Fed would be nearing the end of its aggressive rate hike cycle. Gold hit a 13-month high, while the USD weakened. Treasuries little changed, rallying initially before retreating a touch. All t...

ASX 200 fell 20 points to finish at 7324 (-0.3%), letting go of some of yesterday’s gains. Energy sector leading the gainers today, WDS +1.1%, STX +5.3%, and COE +6.5%. Banks are down, WBC down 0.1% after getting upgraded to neutral from underperform at Macquarie, The Big Bank Basket falling to $172.21 (-0.9%) CBA falling 1.0%. Tech doing ok, with WTC up 1.5% and CPU up 1.4%. The All - Tech Index...

Dow Jones down 38 points (-0.11%). Dow up 211 at best, and down 91 at worst. S&P 500 down 0.41%. NASDAQ fell 0.85%. VIX Volatility Index down 0.1%. In Europe, Stoxx 50 +0.02% FTSE +0.5% CAC +0.1% DAX +0.3%. SPI Futures are down 3 points (-0.04%). Copper prices also rose 1.01% due to lower-than-expected US inflation numbers. Nickel +0.17%, Aluminium +1.46%, Zinc +0.94%, Lead +2.16%, Tin +1.81%....

ASX 200 gaining 34 points to finish at 7344 (+0.5%) with positive sentiment from the RBA interest rate pause still carrying over into this week. Healthcare continues to rise as the sector takes advantage of the interest rate reprieve. MPL up 0.9%, now up 22.3% in total from the post-cyber-attack lows. CSL up 0.7% and RMD up 0.6%. Resources doing well despite the IMF downgrading global growth forec...

US equities lacked conviction overnight, trading in a narrow range as the markets brace for the latest CPI report and FOMC minutes on Wednesday that could signal if the Fed lifts rates once again. Gold edged up above the $2,000 level as the dollar came off Monday’s peak, while oil strengthened despite weak data from China pointing to persistently weak demand. US treasury yields higher showing surp...

ASX 200 rose strongly to 7310 up 91 points (1.3%) in quiet post-Easter trade. Both banks and resources fired up with industrials solid too. BHP led the resources gaining 2.1% with RIO up 1.9% and FMG gaining 2.9%. Gold miners too were better despite bullion easing, NCM saw the bid increased from Newmont rising 5.2%. NST up 2.1% and EVN up 3.9% on production guidance. Base metals and lithium found...

US stocks mixed overnight, closing mostly flat after clawing back steep losses in early trade after strong jobs data revealed a still-tight labour market, supporting bets for another Fed hike in May while the yen weakened after the new BoJ governor vowed to maintain an ultra-loose policy. Trading was light as markets were closed in Europe, Australia and Hong Kong for Easter. Focus now shifting to...

ASX 200 gives back 18 points to finish at 7219 (-0.3%) down as lacklustre trade ahead of NFP and Easter took hold. US futures easing slightly, not helping sentiment. Profit taking across the board with healthcare and CSL a pocket of strength. CSL up 2.2% and RMD up 0.9%. Resources under pressure still as lithium remains depressed, PLS slipping again, down 3.2% and AKE off 3.5%, LTR falling back 2....

Dow Jones up 80 points (+0.24%) in a narrow day of trade. Dow up 141 at best, and down 26 at worst. S&P 500 down 0.25%. NASDAQ down 1.07%. VIX Volatility Index up 0.4%. In Europe, STOXX 50 -0.4% FTSE +0.4% CAC -0.4% DAX -0.5%. SPI Futures are down 7 points (-0.10%). ASX to slip, US shares mixed bitcoin steady. S&P 500 ends lower as recession fears take center stage. Wall St ends lower, Tre...

ASX 200 closed up 1 point to 7237 in a boring day of trading. RBA rate pause apparently not stimulating markets as much as one would think. Phil Lowe's speech at the Press Club dominated. US Jobs numbers creating uncertainty in the global economy and helping to push gold ever higher. NST up 3.1%, NCM up 3.1% and EVN up 4%. Iron ore stocks fell,BHP down 1.5%, RIO down 0.9%. Lithium mixed but m...

ASX 200 rose 13 points to 7236 (+0.2%) surging after the RBA paused on rate rises . Banks saw moderate gains with the Big Bank Basket relatively unchanged at $172.12. MQG rose 1.4% and insurers mixed as ACCC concerns on SUN / ANZ deal took focus. Money managers flip-flopped around. REITs bouncing back hard led by GMG up 1.0% and MGR up 2.4%. TLS had a good day up 0.7% and hit prices not seen since...

US equities finished mixed overnight for the first trading day of the second quarter. S&P 500 climbed higher supported by energy stocks following OPEC+ groups oil output targets. Dow closed near highs after a midday slump and Nasdaq fell on concerns about the impact the OPEC+ cut could have on inflation and the Fed’s monetary policy. Treasurys rose on news US factory activity contracted, tempe...

ASX 200 closes up 45 points to 7223 (+0.6%) continuing on from last week’s rally. The energy sector led the market today, KAR up 6.5% after announcing production issues at Bauna and maintenence brought forward, WDS +2.7%, STO +2.5%, and BPT healthy +3.5%. Base Metals and Gold worst performers today, gold miners lagging NCM , AGG , and NST all off 1.8%, 0.4%, and 1.1%, respectively. Banks did well...

Dow Jones up 415 points (+1.26%) closing near its highs. Up 432 at best. Up 43 at worst. S&P 500 up 1.36% taking it up 3.39% for the week. The NASDAQ up 1.74% taking it up 3.03% last week. The NASDAQ was up 16.8% in the last three months with the US Tech sector up 21.8%. That follows the 33% fall in the NSADAQ last calendar year. SPI Futures up 45 this morning. The ASX 200 has had a good week...

Global equities higher overnight. US markets rose as tech stocks continued their strong run, while regional banks were under pressure again as the Biden Administration proposed stronger measures to reduce risk and Fed officials reiterated their resolve to lower inflation. S&P 500 up seven of the last nine session, back above the 4000 level and above levels seen just before the start of the ban...

ASX 200 rose 72 points to 7122 (+1.0%), hitting three-week highs during trade, piggybacking off the tech rally on Wall Street overnight. Tech stocks led the market today, NXT up 1.8%, MP1 +4.3%, WBT +7.2%, and SQ2 +2.4%. All-Tech Index up 1.5%. Most sectors were positive. REITS only negative sector, down 0.2%. Financials regained their footing, with big banks clawing back yesterday’s losses CBA +1...

Stocks rose broadly Wednesday, as strong gains in tech helped the Nasdaq rebound after a losing session. Sentiment was also lifted by easing concerns around the state of the banking sector. The Dow Jones Industrial Average surged 323.35 points, or 1%, to close at 32,717.60. The S&P 500 gained 1.4% to end at 4,027.81, and the Nasdaq Composite added nearly 1.8% to close at 11,926.24. Regional ba...

ASX 200 closes up 16 points to 7050 (+0.2%) reversing earlier losses, as the market digested softer (better) than expected CPI data . Resources performed well, both RIO and BHP up 0.7% and 1.4%. Lithium stocks mixed, CXO slipped down 4.78%, but PLS and AKE held onto yesterday’s gains up 2.3% and 3.5%. Gold steadies as global banking fears remain, NCM up 0.9% and NST up 2% recovering some of yester...

Dow Jones down 38 points (-0.12%). Dow up 119 at best, down 137 at worst. S&P 500 down 0.16%. NASDAQ down 0.45%. VIX Volatility Index down 3.1%. In Europe, STOXX 50 +0.1% FTSE +0.2% CAC +0.1% DAX +0.1%. SPI Futures are down 26 points (+0.37%). ASX to slip, February CPI pending. Wall Street ends down with tech; investors assess bank comments. Wall Street falls while bond yields rise with gold....

 ASX 200 raced ahead by 72 points to 7034 (1.1%) as the Albemarle bid for LTR turbo charged the resources sector and lit the blue touch paper under the bombed out lithium stocks. LTR up 68.5%, CXO up 15.4% and PLS up 11.9%. Huge short squeeze across the board. A bid too in UMG up 30.81% did not hurt the positive sentiment that spilled into resources as a whole. BHP rose 2.0% with FMG up 1.2%. Base...

US markets mostly up overnight. S&P 500 up on news First Citizens BancShares would take on deposits and loans of failed Silicon Valley Bank, while tech-heavy Nasdaq closed down after a bit of pullback in big tech. Treasuries weaker, with the 2-year yield back over 4%, and both S&P 500 Banks Index and KWB Regional Banking Index finished up 3.1% and 0.6%, respectively. Dow Jones up 195 point...

ASX 200 drifted lower during the session off highs closing up 7 points at 6962 (+0.1%). Banks turned down slightly after a early positive start. CBA down 0.8% and ANZ off 0.4% with the Big Bank Basket at $166.15 (-0.4%). MQG off 1.5% slipping further down although insurers better, QBE up 0.9% and MPL up 1.6% as LFS seems to have taken the pressure and focus off their cyberattack. Money managers sl...

US stocks closed higher overnight marking the end of a volatile week as US Fed officials calmed markets over a potential liquidity crisis in the banking sector. European stock markets fell on fears that regulators and central banks have yet to contain the worst shock in the banking sector since 2008. Market sentiment was hurt by a sell-off of Deutsche Bank, which fell by as much as 15%, closing do...

 ASX 200 falls 13 points to 6955 rallying quietly from the open as US futures stayed positive. Resources turn to be stronger today. Modestly. Lithium stocks bounced but not convinced, PLS up 3.8% and MIN up 0.6% with LTR rallying 4.2%. Iron ore stocks better, RIO up 0.2% and gold stocks doing well as AUD gold approaches $3000. EVN up 2.8%, NST up 0.8% and SBM up 4.0%. Oil and gas stocks drifting l...

Wall Street closed higher despite some wobbles shrugging off some of yesterday’s losses as markets took comfort in US Treasury Janet Yellen’s reassurances that measures will be taken to keep deposits safe and that the Fed may pause rate hikes to offset recent turmoil in financial markets. Gains in US stocks were offset by losses in Europe as Switzerland, Norway, and Britain all hiked interest rate...