Market Updates

Dow Jones up 22 points (+0.07%). It was up 72 at best and down 98 at worst. The NASDAQ and the S&P 500 both up 0.11%. The first solid week of US results ended with a bit of a whimper. Lots of results next week (see below). S&P 500 down 0.1% this week, Dow Jones down 0.2%, NASDAQ down 0.4%. Wall Street posts slim gain ahead of big earnings week. Stocks edge down, US yields climb after PMI d...

ASX 200 closed down 32 points at 7330 (+0.4%) in quiet trade again. Down 31 points this week. It tried to recover from early losses but ahead of a potential long weekend, it struggled. Resources were mixed today as BHP reported its quarterly and iron ore slipped in Asia, the stock down 2.3%, RIO off 2.8% and FMG falling 4.2%. Lithium stocks finding some support after early losses, PLS up 3.3%, AKE...

US equities finished lower overnight after disappointing quarterly results from companies including Tesla and AT&T weighed down the market while softening US economic data and concerns around the debt ceiling pushed Treasury yields lower. Weekly jobless claims rose, and manufacturing activity in the mid-Atlantic region fell to its lowest level in three years, while home sales fell in March. Eu...

ASX 200 closed down 3 points to 7362 in a mixed day of trading as BOQ , RIO and ZIP all came out with earnings reports. Resources getting whacked today on the back of RIO activities report, down 2.3% and demand concerns from China. BHP down 2.6% and FMG down 0.9% Lithium down as well, with prices continuing to slip as lithium supply cycles through in China. LTR down 0.4%, MIN down 5.5% and PLS dow...

Dow Jones down 80 points (-0.23%). Dow down 162 at worst. S&P 500 down 0.01%. NASDAQ up 0.03%. VIX Volatility Index down 2.3%. In Europe, Stoxx 50 -0.01%, FTSE -0.1%, CAC +0.2%, and DAX +0.1%. SPI Futures are down 7 points (-0.09%). ASX to slip, S&P flat, Lowe to speak at midday. TBA changes announced/ Yields hit four-week highs on British inflation, Fed expectations. Dow dips, S&P 500...

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Dow Jones down 11 points (-0.03%). Dow up 31 at best, and down 195 at worst. S&P 500 up 0.09%. NASDAQ down 0.04%. VIX Volatility Index down 0.7%. In Europe, Stoxx 50 +0.6%, FTSE +0.4%, CAC +0.5%, DAX +0.6%. SPI Futures are up 9 points (+0.12%). ASX to edge higher, S&P 500 advances modestly. S&P 500 ekes out gain as tech supports, J&J, Goldman disappoint. Stocks advance, US 10-year...

ASX 200closed down 21 to 7360 (-0.3%) in a dull day of trade, as the market digested RBA meeting minutes which warned more rate hikes may be needed. Energy sector pummelled, as Treasurer Chalmers is anticipated to hike taxes on big gas producers, STX down 7.1%, STO down 1.9%, and WDS slipping 2.4%. Gold miners failed to impress, AGG and NST down 2.9% and 0.1%. Utilities sector stronger, APA up 1.6...

Dow Jones up 101 points (+0.30%) closing near highs. Dow up 105 at best, and down 90 at worst. S&P 500 up 0.33%. NASDAQ up 0.28%. VIX Volatility Index down 0.7%. In Europe, Stoxx 50 -0.5% FTSE +0.1% CAC -0.3% DAX -0.1%. SPI Futures are down 17 points (-0.23%). ASX to fall, RBA minutes ahead. Stocks weaker as U.S. yields, dollar rise. Wall St ends higher; investors await earnings, Fed cues. Yie...

ASX 200 closes up 20 points in a quiet trade to 7382 (+0.3%). Resources took a hit early but recovered from lows. Gold miners worse off NCM down 2.3%, NST off 2.5%, and EVN down 2.2%. REITS the best-performing sector today, SCG , URW, and MGR up 2.6%, 3.5% and 1.8%. Lithium stocks mixed, MIN up 1.7%, PLS up 1.3%, while AKE slipped 0.3%. Banks were also mixed. ANZ up 1% and NAB rose 0.7%, while BOQ...

Dow Jones down 143 (-0.43%) with the S&P 500 down 0.21% and the NASDAQ -0.35%. The S&P 500 is up 6.5% year to date. The European STOXX index hit a one-year high. Good results from the bank sector were offset by a weaker-than-expected retail sales number on Friday (March retail sales fell 1.0% v consensus of -0.4%, February was revised down, Core retail sales -0.3%). Manufacturing productio...

ASX 200 rose 38 points to 7362 (+0.5) after a slow start and a rethink ahead of the US reporting season. For the week, the ASX 200 is up nearly 2%. Gold miners led the way higher with NCM up 1.9% and NST running 4.4% higher. Lithium stocks also in demand, PLS up 5.0% and AKE bouncing 5.4% with IGO rallying 5.3%. Iron ore stocks flat as we await news of Cyclone Ilsa. Banks better too after BOQ pre-...

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...