Market Updates

US Markets closed for Martin Luther King Jr Holiday. SPI Futures down 18 points. Gold eases as USD rallies slightly. US Dow Futures down around 38 points. Commodities mixed Copper down 1%.  Oil down 1.3% European equity markets closed higher on Monday, with the STOXX 600 extending its 2023 rally to a fresh nine-month high led by retail, financial and media stocks. Domestically, the German DAX adde...

ASX 200 closed up another 60 points to 7388 (0.8%) as banks took up the baton again. The Big Bank Basket rose to $187.82 (0.95%). CBA up 0.8%, WBC up 0.7% with fund managers up strongly too, MFG up 2.9% and GQG up 2.6%. Insurers steady. REITs better again on rate outlook. GMG up 2.2% and SGP up 1.9%. Tech stocks also doing well with WTC up 4.0% and XRO up 4.6% with the Index up 2.6%. Lower rates h...

Dow Jones up 113 points (+0.33%). Up 152 at best, down 274 at worst. Dow Jones up 2.0% for the week. S&P 500 up 0.41% and up 2.7% for the week. NASDAQ up 0.73% and up 4.8% on the week, the biggest weekly gain in two months. So far this month the S&P 500 is up 4.2%, the Dow Jones up 3.5%, the NASDAQ up 5.9%. At the same time, the VIX Volatility index is at a one-year low. A good start to th...

ASX 200 closed up 48 points to 7328 (0.7%) as the rally started to run out of juice in the short term. Banks took up the baton as the Big Bank Basket rose to $186.05 (+1.2). CBA up 1.3% and NAB up 1.6%. MQG rallying another 0.7% with insurers better, QBE up 0.8%. REITs continued to push higher with SGP up 0.5%, SCG up 1.4% and Fund Managers also better, GQG up 3.3% and MFG up 2.6%. Industrials wer...

Bond yields tumbled overnight as US inflation slowed for the sixth straight month in line with expectations, opening the door for the Fed to downshift on rate hikes. The Dow Jones closed up 217 points . At best it was up 320 points, and at worst it was down 181 points, in a volatile trading day. The NASDAQ rose 0.64% and the S&P 500 finished 0.33% higher. In Europe, Stoxx 50 +0.7% FTSE +0.9% C...

 ASX 200 surged again as resources boomed, the index up 85 points to 7280 (1.2%). Big miners in demand with BHP up 1.8% to another 52-week high, FMG up 2.8% and RIO up 1.5%. Lithium and rare earths better too, PLS up 4.5% and LYC up 2.1%. Gold miners mixed, NCM down 0.6% and NST up 0.9%. Energy stocks a little mixed, coal stocks eased, SMR down 2.5% WHC off 1.4% while oil stocks better, WDS up 2.1...

Markets continue to gain as investors hope for a downshift in Fed interest rate rises, After suffering for the past year on interest rate rises Tech lead gains overnight on hopes of a dovish Fed. The Dow Jones was up 269 points (0.8%). At best it was up 271 points, and at worst it was up 7 points. The NASDAQ rose 1.76%, and the S&P 500 finished up 1.28%. In Europe, Stoxx 50 +1.04%, UK FTSE +0....

ASX 200 rose 64 points to 7195 (0.9%) in a good bounce led by resources. Even a better CPI number couldn’t hold the Mustangs down. Gold miners bounced back after falls yesterday, iron ore miners BHP, FMG and RIO all better by close to 2% and even lithium stocks had a day in the sun. PLS up 2.8% and AKE with a broker upgrade up 5.1%. Base metal stocks in demand. S32 up 1.1% and IGO up 5.2%. Energy...

The Dow Jones Industrial Average gained 186.45 points, or 0.56%, to end at 33,704.10. The S&P 500 traded up 0.70%, to close at 3,919.25 points. The Nasdaq Composite led the major indexes for another day, adding 1.01% to end the session at 10,742.63. The average has rallied for the past three sessions as optimism over cooling inflation pushed investors to beaten-up technology stocks. It was the...

ASX 200 closes down 20 points to 7131 (0.3%), its first loss in four trading sessions. Resources slid lower as Chinese authorities look to have been spooked by the big iron ore rise recently and looking to talk prices down. BHP fell 0.4%, FMG up 0.7% after a loss yesterday, lithium stocks on the nose, PLS dropped 1.5%, IGO off 1.8% and MIN down 1.3%. Rare earths also in the doghouse with ARU down...

US stocks failed to hold onto the morning rally with the Dow falling in the afternoon after two Fed officials signalled that interest rates could top 5%. The Dow Jones closed down 113 points (-0.34%). At best it was up 305 points, at worst it was down 143 points. The NASDAQ rose 0.63%, supported by gains in Tesla up 5.93% Amazon up 1.49%, and Microsoft up 0.97%. The S&P 500 fell 0.08%. In Euro...

ASX 200 started the week up 42 points to 7154 (0.6%). A solid start but off the intraday highs. Banks somewhat lacklustre with the Big Bank Basket up to $180.41 (0.2). Mixed across the financials, AMP slipped 4.2% on a Collinmate update, GQG rose 5.7% on FUM and insurers slid on IAG update. Industrials firmed with TCL up 1.1%, QAN up 1.9% and REITs better with GMG up 1.4%. Tech a little mixed, CPU...

US stocks triggered a global rally overnight following a crucial US jobs report that showed wage growth slowed in December, fuelling speculation the slowdown will keep the Fed at bay from intensifying its battle with inflation. The Dow Jones closed up 701 points (+2.13%). At best it was up 781 points, and at worst it was up 67 points. The NASDAQ rose 2.56%, and the S&P 500 finished 2.28% lower...

The Dow Jones Industrial Average fell 348.99 points, or 1.05%, to 33,027.49 — after falling as much as 803.05 points earlier in the session. S&P 500 declined 1.45% to 3,822.39. Meanwhile, the Nasdaq Composite was 2.18% lower at 10,476.12. This decline follows a 526-point rally in the Dow on Wednesday after better-than-expected earnings from Nike. So far in December, the Dow is down 4.52%, whil...

 ASX 200 finished up 37 points to 7153 (0.5%). A thin and directionless day despite the rise. Investors are winding down. Resources mixed after the 29M production issue caused them to fall hard down 22.2% with BHP and OZL announcing the deal is done. Now to regulatory issues and timing. Lithium stocks continue to slip as brokers pile on with downgrades. Oil and gas stocks slightly firmer with WDS...

US tech stocks drove markets up last night off the back of better-than-expected earnings reports and an improvement in consumer confidence. The Dow Jones rose 527 points (+1.6%). At worst it was up 178 points and at best it was up 588 points. The NASDAQ finished the session up 1.54%, the S&P 500 gained 1.49%. In Europe, STOXX 600 was up 1.17%, FTSE +1.7% DAX +1.5% CAC +2.0%. SPI Futures are up...

 ASX 200 closed up 91 points at 7115 (1.3%) reversing the 110-point BoJ inspired loss of yesterday. Gains across the board although the banks were slightly muted but then they didn’t fall yesterday. CBA slid 0.6% and the Big Bank Basket square again. Insurers rose on higher bond yields. REITs too rose bouncing back on the same bond yields. QBE up 1.5% and SUN up 2.1% with GMG bouncing 2.3% and MGR...

US markets finished higher after a choppy session, as the shock from the Bank of Japan’s sudden move was felt throughout global markets. The Dow Jones climbed 92 points (+28%). At worst it was down 108 points and at best it was up 235 points. The NASDAQ traded in a narrow range and finished the session up 0.01%, the S&P 500 gained 0.10%. In Europe, STOXX 600 was down 0.4%, FTSE up 0.1%, DAX do...

ASX 200 crashed 110 points to 7024 (1.5%) today on a killer combo of weaker US, RBA minutes and the shock of the BoJ effectively letting rates drift higher. 10-year yields jumped to 3.71% and banks at least held their ground on the jump but everything else, well Split Enz summed it up. I See Red! Maybe more Martha with no where to run, no where to hide. Except banks with the Big Bank Basket unchan...

Stocks in the US have fallen for a fourth consecutive day as traders continue to assess The Fed’s plan following the central bank’s comments vowing to keep raising rates until they’re confident inflation is coming down meaningfully. The Dow Jones closed down 163 points (-0.49%). At best it was up 118, and at worst it was down 338. The S&P 500 fell 0.9%, and the NASDAQ was down -0.76%. In Europ...

ASX 200 closed down 15 points to 7134 (0.2%). Volumes starting to thin out pre Xmas. Not a bad performance considering US falls. Resources once again finding support with BHP , RIO and FMG all in the green. Gold miners too showing good strength today with NST up 3.4%, EVN up 4.3% and NCM down 0.3% on news of the CEO retiring. Lithium stocks trying hard and failing in places to find support. Oil an...

US markets finished a volatile week lower overnight as the Fed’s hawkish tone weighed on sentiment. The Dow Jones fell 282 points (-0.85%). At best it was down just 36 points, and at worst it was down 548 points. The NASDAQ lost 0.97% and the S&P 500 finished down 1.12%. In Europe, STOXX 600 was down 1.20%, FTSE was down 1.27%, DAX was down 0.67%, and France was down 1.08%. SPI Futures are dow...

Stocks across the global financial markets took a hit after a week of rate hikes from central banks around the world, with the Fed and ECB signalling more pain to come.  The Dow Jones closed down 764 points (-2.25%). At best it was up -193, and at worst it was down -950. The S&P 500 fell 2.49%, and the NASDAQ was down 3.23%. In Europe, Stoxx 50 -3.5% FTSE -0.9% CAC -3.1% DAX -3.3%. SPI Futures...

A pretty shabby day for the ASX 200, down 47 points (-0.6%), but better than the futures had suggested his morning. Positive sectors were few and far between. Banks were so-so and resources were bad. Lithium crashed and burned after a sub-optimal BMX auction result from PLS , down 11.4%. MIN was down 4.7%, AKE was down 4.9%, and LTR fell 7.9%. Musk sells $3.58bn of Tesla shares. Market cap just dr...

SPI Futures down 61 points.  The Dow Jones Industrial Average fell 142.29 points, or 0.42%, to 33,966.35. The S&P 500 declined 0.61% to 3,995.32. The Nasdaq Composite dropped 0.76% to 11,170.89.   Markets gyrated after Federal Reserve Chairman Jerome Powell signaled more data was needed before the central bank would meaningfully change its view of inflation. The Dow fell as much as 404.47 poin...