Market Updates

 ASX 200 finished the year down in the dumps down 132 points to 6568 (2.0%). More undressing than window dressing. Late sell off as funds took out the trash. Sloppy across the board. Banks were hit again as the rally from the lows has been skewered, the Big Bank Basket fell 2.6% to $159.30 with CBA down 2.8% and NAB off 2.4%. MQG off 2.1%, with the ASX down 1.6%, MFG down 5.1% as wealth managers u...

Not a lot of action overnight, the Dow finished barely positive, up 82 points (+0.27%), while the S&P and NASDAQ were unchanged. SPI Futures are indicating a muted day of trade for the end of financial year, down a solitary point.  Catch up on all there is to know for the day ahead with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 1 point. Dow closes up 82 points (0.3%) Narrow convicti...

The ASX 200 closed down 63 points to 6700 (-0.9%). The market made a small recovery through the second half of the session but still finished in the red. Institutional portfolio rebalancing, as we approach the end of the quarter a feature. Financials , consumer staples and energy were the only sectors that finished in positive territory. Energy names outperformed ahead of an OPEC + meeting tonight...

Big tech stocks took a tumble as US markets saw their second consecutive losing session overnight. The catalyst was weak economic data which fueled more fears of a recession. The Dow fell 491 points (-1.56%), giving up some early gains. SPI Futures are pointing to an 84 point loss today (-1.26%).  Get up to speed with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 84 points (1.3%) Dow finish...

ASX 200 up another 58 points to 6764 (+0.9%) as the grind higher continues. Late kick helps as US futures rally hard. Resources took up the baton today with iron ore producers pushing ahead. BHP up 4.3%, RIO up 3.0% and FMG doing well up 3.8%. Gold miners rallied after the sharp knee-jerk sell-off yesterday, NCM up 2.9% and NST up 6.1% on a KCGM PFS update. Lithium was mixed as PLS rose 3.0% but A...

SPI futures are flat this morning as the market pumps the breaks a bit following a volatile session in the US. The Dow finished down 62 (-0.2%) points after being up 98 and down 149 during trade.  Get up to speed with the latest news with Henry’s Breakfast Briefing.  ASX 200 SPI Futures unchanged Dow down 62 points (0.2%) Nasdaq down 83 points (0.7%)  S&P 500 down 12 points (0.3%) Base metals...

 ASX 200 jumped on better US markets with the index closing up 127 points (1.9%) as buyers rushed in and window dressing for EOFY took hold. Banks were the major drivers with the Big Bank Basket gaining 3.5% to $164.16. CBA up 4.0% and NAB up 3.4% were the standouts. Insurers also rise with IAG up 0.9% and SUN up 3.6% on demerger talk of the banking business. MQG up 0.6% with NWL rallying 4.8%. He...

Our market is set to start the week on a strong note with SPI Futures up 103 points (+1.59%) following strong leads from the US on Friday night. The Dow finished up 823 points (+2.68%). Get up to speed on the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures up 103 (1.6%) Dow up 823 points (2.7%) Nasdaq up 375 points (3.3%) S&P 500 up 116 points (3.1%) Base metals fall hard Tim down...

ASX 200 finished the week up 50 points to 6579 (0.8%) as US futures rose and industrials firmed. Positive week for the ASX up 104 points (1.6%). The banks were mixed today as the bond yields collapsed, with the 10-year dropping to 3.69% as recession fears continue. CBA rose 0.5% but the other three big banks slipped with the Big Bank Basket exactly unchanged at $158.57. MQG rallied another 1.1% an...

ASX 200 SPI Futures down 8 points to 6416 Dow up 194 points (0.6%) Nasdaq up 179 points (1.6%) S&P500 up 36 (1.0%) Powell finishes testimony. US 10 year yields fall back to 3.08% Oil falls 1.5%. Gold down 0.5% Base metals under pressure. Copper at 16-month low. Iron ore up 1.8%. US Banks pass stress test. Why not sign up for a free trial ? Get access to expert insights and research and become...

ASX 200 rose 20 points to 6528 (0.3%) in a quiet and cautious day. Once again, the market bifurcated with resources under pressure and banks and industrials rising as 10-year bond yields fell hard on recession fears. The Big Bank Basket rose again to $158.57 (0.4%). MQG rallied 0.8% with insurers up too, QBE better by 2.0% and IAG up 2.8%. ASX rose 2.3% with GQG down 4.5%. REITs also better with y...

ASX 200 SPI Futures down 47 points (0.15%) Nasdaq down 16 points (0.15%) S&P 500 down 5 points (0.13%) VIX down 4.1% Base metals ease. Nickel down 5.9%  Iron ore down another 1.5% Gold unchanged. Oil falls again down 2.5%. Fed chief Powell the focus with semi-annual testimony  Why not sign up for a free trial ? Get access to expert insights and independent research and become a better investor...

ASX 200 falls 15 points to 6509 (0.2%) after a strong start peters out. Base metals and lithium shares walloped today with PLS down 2.8% and CXO down 15.4% with S32 off 1.7% and LYC down 4.3%. Iron ore miners held up with BHP up 0.2% and FMG up 0.2% with gold miners flat. Oil and gas better but oil prices falling in Asia so expect some falls in coming days. STO up 1.2%, WDS up 2.0% and coal stocks...

ASX 200 SPI Futures up 48 points Dow up 641 points (2.2%) Nasdaq up 271 points (2.5%) S&P 500 up 90 points (2.5%) Oil up 0.5%. Gold unchanged. Base metal steady. Iron ore slightly better. US Banks very firm. Could see our banks do well today. Catch-up on the market with Marcus Today's Breakfast Briefing.  Why not sign up for a free trial ? Get access to expert insights and independent res...

The ASX 200 closed up 90 points (+1.4%) to 6524 , the market rallied through the day although finished off highs . The market was little changed by Philip Lowes's RBA speech and minutes from the June meeting. The RBA said the pace of interest rate rise will depend on inflation and the jobs market. The market also enjoyed the RBA downplaying the chances of a 75bp rate rise at the July meeting...

US markets were closed overnight for the Juneteenth Holiday. Our leads are coming from Europe today, with bank stocks leading European markets higher. SPI Futures are up 47 points (+0.74%). Catch up on the latest with Henry's Breakfast Briefing Podcast. ASX 200 SPI Futures up 47 US Markets closed.  European markets up around 1-1.5% Dow Futures up 277  Nasdaq futures up 116 Oil up 0.9% Gold un...

 ASX 200 fell 41 points to 6433 (0.6%) as resources saw a big sell off. Iron ore prices in China fell heavily leaving BHP down 5.3%, RIO off 5.1% and FMG falling 8.6%. Gold miners too joined in with NCM falling 4.6%, NST down 6.1% and EVN off 6.2%. Base metal and lithium stocks eased, PLS down 2.9%, LTR down 1.9% and IGO off 2.6%. Oil and gas stocks under heavy pressure, STO down 6.0%, WDS unwindi...

ASX 200 SPI Futures down 19 points. Dow down 38 points (0.1%) Nasdaq up 152 points (1.4%) S&P500 up 8 (0.2%) VIX down 5.5% Oil falls 5.2% Gold down 1.9% Iron ore tumbles 5.9% US markets closed for Bank Holiday Why not sign up for a free trial ? Get access to expert insights and independent research and become a better investor.

 ASX 200 falls 116 points to 6475 (1.8%) well off lows ahead of US Juneeth Holiday Monday. Good rally into the close. ASX 200 down 6.6% this week. Few sectors were spared today with the Banks falling hard, CBA down 3.6% and NAB down 1.7% hitting 52-week lows. The Big Bank Basket dropped to $153.53 (2.6%). Insurers eased back as QBE fell 2.7% and MQG eased 3.0%. GQG fell 5.5% but MFG actually ralli...

ASX 200 SPI Futures down 135 points Dow down 741 points (2.4%) Nasdaq down 453 points (4.1%) S&P500 down 123 (3.3%) Base metals fall. Oil up 1.1% Iron ore falls 0.3% with Coking coal down 6.2% yesterday in China. Gold up 1.7% as USD falls. Why not sign up for a free trial ? Get access to expert insights and independent research and become a better investor.

 ASX 200 gave up all its early gains to finish down 10 points to 6594 (0.2%). US futures flip flopped and jobs numbers came in better than expected below the headline making it more likely that the RBA has to go harder. The Big Bank Basket slipped again to $157.67 (). CBA down 0.2% and WBC off 1.9% with insurers off as QBE slipped 2.0% and SUN fell 1.0%. MQG held up and Buy Now Pain Later stocks r...

EARLY BRIEFING ASX 200 SPI Futures up 16 points Fed raises rates 0.75% biggest rise since 1994. Dow up 304 points (1.0%) Nasdaq up 271 points (2.5%) S&P500 up 55 (1.5%) Base metals better with Nickel up 2.2% Oil down 2.2% Gold up 0.3% Iron ore down 2%. Why not sign up for a free trial ? Get access to expert insights and independent research and become a better investor.

ASX 200 down 85 points to 6601 (1.3%). Bond yields jump to 4.23% in 10-year yields as minimum wage worries fuel inflation fears. Banks get smacked down with the Big Bank Basket down to $158.25 (%). CBA down 0.6% and NAB off 1.9% with MQG holding firm up 0.5% as insurers rising slightly. SUN up 3.5% and QBE up 2.2%. Fund managers slipped with GQG off 3.1% and MFG down 2.1%. In healthcare CSL droppe...

The Dow fell for a fifth consecutive session ending up down 152 points (-0.5%) as markets remain skittish ahead of the FOMC interest rate decision tonight. SPI Futures are down 40 points (-0.6%) following yesterday’s fall. Get up to speed on all the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 40 points Dow drops another 152 points (0.5%) Nasdaq up 19 (0.2%) S&P 500 down 14...

 ASX 200 fell 246 points to 6686 (3.6%). A surprisingly calm and steady day at least after the collapse at the open. Good rally into the close as US futures rallied. Sideways from the initial dump. All sectors of the market were trashed today with the financials under pressure led by the big four as the Bank Basket fell to $160.11 (3.4%). MQG fell 5.2% as deals are drying up, MFG down just 0.4 % a...