Market Updates

ASX 200 traded quietly in a very narrow range closing up only 10 points to 7242 (0.1%). Banks were a little on the nose today with the Big Bank Basket easing to $187.76 (0.3%) Other financials also eased back with MQG down 0.4% with insurers flat lining. Healthcare was firmer with CSL up 0.4 % after its new $3.5m drug brought upgrades from brokers. The rest of the sector was flat. Industrials main...

US markets rallied overnight with further evidence suggesting the Fed will soon slow rate rises came to light. The Dow Jones was up 96 points (+0.28%), closing at its highest level since April 21. At worst, it was down 93 points, and at best, it was up 164 points. The NASDAQ rose 0.99%, and the S&P 500 was up 0.59%. In Europe, the Stoxx 600 +0.6%, FTSE +0.17%, German DAX +0.04%, and France +0....

 ASX 200 rose 51 points to 7232 (0.7%) in disappointing trade really. Early signs of kicking on evaporated and we gave a little back, iron ore in China slipped over 2% but that didn’t hurt BHP up 1.0% and RIO up 0.5%. Base metals held firm with S32 up 2.0%, LYC up 1.8% and MIN doing well up 1.9%. Gold miners rallied despite little movement in bullion, NST up 2.2% and NCM better by 2.4%. Energy bot...

US markets rallied overnight as Fed officials indicated that they will continue to raise rates, but they’re open to slowing the pace of hikes . The Dow Jones rallied throughout the session, finishing up 398 points (+1.18%). At worst it was up 110 points, and at best it was up 415 points. The S&P 500 gained 1.36%, and the NASDAQ climbed 1.36%. In Europe, Stoxx 50 +0.5%, FTSE +1%, CAC +0.4%, DAX...

 ASX 200 continued to push higher in quiet trade finishing up 42 points at 7181 (0.6%). Coordinated positivity in banks and resources saw the index close in on the 7200 level. The Big Bank Basket topped $187.10 (0.5) with CBA close to an all time high. NAB in favour too up 0.5% with QBE better by 2.7% on broker upgrades. MQG missed the memo down 0.9% with MFG up 0.4%. Healthcare better as CSL up 0...

US markets slipped overnight as Chinese COVID concerns, and the expectation for Fed interest rate hikes continued to dominate headlines. The Dow Jones dropped 45 points (-0.13%), closing in the middle of its trading range. At best it was up 119, at worst it was down 187 points. The NASDAQ was down 122 points (-1.09%). The S&P 500 fell 18 points (-0.45%). In Europe, Stoxx 50 -0.4%, FTSE -0.1%,...

ASX 200 fell 13 points to 7139 (0.2%) in another quiet day of trade. Once again banks strong, resources weaker. BHP fell 2.3% with RIO off 2.3% as Turquoise Hill becoming an issue with the takeover, FMG dropped 3.8%. Lithium stocks steadied but no huge rally, MIN down 0.2%, PLS up 0.1% with LTR up 3.1% and CXO up 0.4%. Oil and gas stocks slipped on the falls in crude, WDS down 1.4% and STO off 1.0...

The Dow Jones was up 199 points (+0.59%). At best it was up 282 points, and at worst it was down six points. The NASDAQ failed to kick into gear, closing a single point higher. The S&P 500 gained 0.48%. Ahead of Thanksgiving week this week (a lot of people go on holiday) it was another narrow session with trading volumes around 20% below the 30-day average despite a US$2.1bn options expiry. US...

ASX 200 closed up 16 points at 7150 (0.2%). Index down 6 points for the week. Another narrow range trading day with banks and resources heading higher in unison. The Big Bank Basket up to $184.60 (0.5%). MQG slipped a little, insurers better led by QBE up 1.9% and IAG up 1.2%. PPT down 2.4% with PDL down 1.6%. Healthcare slightly better, CSL up 0.4% and FPH rallying 2.7%. Industrials were firmer,...

US markets slipped overnight, and bond yields jumped as the hope of a Fed pivot dissipated. The Dow Jones closed down eight points (-0.02%), following a late rally into the close. At worst it was down 314 points, at best it was up 62 points. The S&P 500 slipped 0.31%, and the NASDAQ fell 0.43%. In Europe, Stoxx 50 down 0.1% FTSE down 0.1%, CAC down 0.5%, and DAX  up 0.2%. SPI Futures are up si...

 A very narrow day of trade today, the ASX 200 finished up 14 points (+0.2%), with a range of only 40 points. Defensive stocks were the best place to be while resources weighed on the market. Iron ore miners struggled, BHP was down 1.5%, RIO was down 1.8%, and FMG fell 1.8%. S32 lost 5.2% on a Macquarie downgrade. Financials were better after some weakness yesterday. The Big Bank Basket was up 0.5...

The S&P 500 ended the day down 0.83% at 3,958.79, and the Nasdaq Composite shed 1.54% to 11,183.66.  The Dow Jones Industrial Average wrestled with the flat line all day, but finished down 39.09 points, or 0.12% at 33,553.83. Federal Reserve governor Chris Waller said he could be open to slowing the pace of rate rises, though he’s waiting for more data. US Treasury Secretary Janet Yellen signa...

ASX 200 fell back another 19 points to 7122 (0.3%) as momentum is stalling. Poland may be a distraction but banks down as yields fall, the Big Bank Basket down to $182.89 (1.2%). CBA down 1.8% on broker downgrades, MQG losing 0.9%, insurers off too, IAG down 2.3% and QBE off 2.9%. Fund managers slipping away, MFG down 2.2%, PPT down 4.3% and PTM off 1.3%. PDL still in demand up 4.5%. Industrials p...

US stocks jumped back on the train, pushing higher overnight as PPI data supported the peak inflation story. The Dow Jones finished up 56 points (+0.17%), in the middle of a big trading range and making up for some of the previous session’s losses. At best it was up 450 points and at worst it was down 217 points. The S&P 500 rose 0.87%, and the NASDAQ was up 1.45%. In Europe, Stoxx 50 was up 0...

 ASX 200 fought back to close down only 5 points at 7142 (0.1%). Once again it was the tale of two sectors. Resources on the nose after some good rises, lithium stocks depressed as Goldman Sachs issued another sell note citing oversupply from 2025. CXO , PLS and AKE whacked hard with second liners also in the seller’s sights. Stop losses and profit taking also at play. Base metals eased too with O...

The US rally came to a halt overnight as markets gave back some of the gains from the previous two sessions. The Dow Jones faded into the close , down 211 points (-xx%), closing just off lows. At best it was up 216 points, at worst it was down 214 points. The S&P 500 was down 0.20%, and the NASDAQ slipped 1.12%. The US Dollar index moved higher during the session, up 0.35%. The Aussie dollar w...

ASX 200 finished down 12 points to 7146 (0.2%) as Fed official talks tough on rates again. USD rises, gold slips and yields up too. Banks wore the brunt of the selling as the bifurcation in the market kicked off again. The Big Bank Basket fell to $184.48 (-0.8%). Insurers also hurt with IAG down 2.4%, QBE down 4.0% and PPT off 5.8% on court moves. Healthcare too in ICU with CSL down 2.0%, COH off...

US markets found some solid ground after a slow start. The Dow Jones finished up a modest 32 points (+0.10%) but most importantly, it didn't give back any of the 1200 point gain the night before. Building foundations. At worst, down 321, at best, up 103. The S&P 500 gained 38 points (+0.95%) in its best week since June. While the NASDAQ rose a further 209 points (+1.88%) to round out its...

ASX 200 finished the week in style up 194 points at 7158 (2.8%) to a five-month high. Up around 3.8% for the week. Everything was up with the exception of the insurers which suffered as rates fell, banks were well sought as the Big Bank Basket hit $185.88 (+1.6%). Fund managers leveraged to the market also doing well, MFG up 9.8%, MQG up 5.6% and PNI up 12.5%. Industrials bid well too, Healthcare...

ASX 200 SPI futures up 190 points. The Dow Jones Industrial Average jumped 1,201.43 points, or 3.7%, to 33,715.37. The S&P 500 jumped 5.53% to 3,955.94 in its biggest rally since April 2020. The Nasdaq Composite surged 7.35%, also its best since April 2020.  October’s CPI rose 0.4% for the month and 7.7% from a year ago, its lowest annual increase since January and a slowdown from the 8.2% ann...

 ASX 200 falls 35 points to 6964 (0.5%) ahead of US CPI tonight. Banks eased back as NAB saw downgrades post results, falling 2.1%, the Big Bank Basket down to $182.93 (1%). MQG fell 1.0% and insurers slid slightly as bond yields fell to 3.72% in the 10s. Plenty going on with PPT , PDL one up one down. MFG fell another 3.2% as it continues to head lower. Industrials were mixed, CSL up 1.1% on an u...

The Dow Jones fell into the close , finishing down 647 points (-1.95%), snapping a three-day winning streak to finish near lows. Never trading in positive territory at best, it was down 96, at worst, it was down 682. An unexpected swing in the midterms spooked US markets, with uncertainty creeping back in for investors. The NASDAQ lost 263 points (-2.49%). The S&P 500 was down 80 points (-2.08...

 The ASX 200 closed up 40 points (+0.6%) to 6999, adding to yesterday’s 25-point gain. It was gold’s time to shine today, as miners rallied hard with NCM up 6.9%, NST up 6.8% and EVN up 9.3%. Other resources remained in good shape, with BHP up 2.1%, RIO up 2.4% and FMG up 3.0%. The banks evened out. CBA , ANZ , and WBC finished marginally higher, but NAB failed to keep up, down 0.9%, as it reporte...

 Another strong rally in the US as the Dow climbed 335 points (1.02%). At worst, up 4, and at best, up 528. The NASDAQ gained 52 points (+0.49%), and the S&P 500 rose 21 points (+0.56%). It was the third winning session for US stocks ahead of the midterm results. In Europe, Stoxx 50 +0.8%, FTSE +0.1%, CAC +0.4%, DAX +1.2%. SPI Futures are up 34 points (+0.49%), as we look to test the 7000-resi...

 ASX 200 closed up 25 points to 6959 (0.4%) in very tight trade. Volumes down too. Banks bounced back as WBC ran 2.0% and the Big Bank Basket rose to $184.49 (1.2%). MQG up 0.9% with insurers flat and MFG slightly higher despite Hamish selling down another parcel on a block trade. Industrials slightly higher as staples rallied, EDV , COL , WOW and WES all better, REITs better despite 10-year yield...