Market Updates

SPI Futures are down 15 points following a volatile session in the US on Friday night. The Dow finished up 0.03% on a late rally, the S&P finished up 0.01%, and the NASDAQ took a hit, down 0.3%. Catch up on the latest news over the weekend with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 15 Dow rallies hard in final hour to close up 9 points (0.03%) Nasdaq down 34 (0.3%) S&P500 up...

 The ASX 200 rallied 81 points to 7146(1.2%) as commodity prices firmed overnight and China cut interest rates to stimulate the economy. Banks and miners led the rebound to give the ASX 200 a weekly gain of around 70 points. That’s right the index was up this week. The Big Bank Basket rallied to $184.74 with CBA up 0.8% and NAB shining through up 0.7%. MQG rallied 2.1% with MFG even 2.4% better. I...

US stocks fell overnight the Dow finished down 0.75% with the NASDAQ and S&P 500 also finishing lower. The narrative was unchanged, Chinese economy, inflation, and stagflation concerns all weighing on markets. The ASX 200 is set for a slight loss to finish the week, SPI Futures are down nine points.  Get up to speed with Henry’s Breakfast Briefing.  ASX 200 SPI Futures down 9 Dow Jones down 23...

 The ASX 200 fell 118 points to 7065 (1.7%) after big falls on US markets. Well off lows and stable at these levels waiting for US markets to find some stability. Banks fell with the Big Bank Basket down to $183.39 (1.7%). CBA down 1.0% and MQG falling 2.1%. Insurers eased back too with QBE down 1.7% and IAG off 1.7%. MFG fell another 3.9%. Industrials were weak with pockets of strength. Consumer...

US stocks fell sharply overnight with the Dow (-3.57%) and S&P (-4.04%) posting their worst single-session declines in approximately two years. Results from major US retailers and Fed speak on interest rates and inflation were the catalysts for the sell-off. SPI Futures are down 126 points (-1.76%). Catch up with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 126 Dow Jones down 1165 poin...

US stocks rallied overnight the Dow Jones, NASDAQ and S&P 500 all finished in positive territory following strong retail sales. SPI Futures pointing to another day of gains up 70 points (+0.98%). Catch up on the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures up 70 points Dow up 431 points (1.3%) Nasdaq up 322 (2.8%) S&P 500 up 81 points (2.0%) Base metals stronger. Iron ore do...

 The ASX 200 closed up 20 points to 7113 (0.3%) in cautious trade after RBA minutes sapped some buying. News that Shanghai is beginning to reopen was good for Asian markets and resources with BHP leading iron ore stocks higher up by 0.6%. FMG rallied 2.3% and lithium stocks back in demand with AKE up 5.5% and PLS rising 5.0%. Base metals were also good with S32 up 1.6% and IGO making a move 2.7% h...

US stocks extended losses in a late sell-off, the S&P 500 (-0.4%) and NASDAQ (-1.2%) both finishing in negative territory. SPI Futures are up 23 points this morning, following a disappointing session yesterday that saw the ASX finish well below what the Futures had expected.  ASX 200 SPI futures up 23 points Dow up 27 (0.1%) Nasdaq down 142 (1.2%) S&P 500 down 16 points (0.4%). Base metals...

 The ASX 200 jumped out of the blocks but closed a long way from the highs as China data showed the extent of the slowdown. The ASX 200 closed up 18 points at 7093 (0.3%). Failed to hold 7100. Banks and industrials were the strength with the Big Bank Basket up to $184.61 (1.0%). MQG ex dividend today of 350c and falling 345c. Insurers pushed ahead despite bond yields slipping back to 3.35% in the...

A good session on Friday in the US saw the Dow never trade in negative territory, finishing up 466 points (+1.47%). SPI Futures are up 54 (+0.77%) looking to continue from a strong session on Friday.  Catch up on the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures up 54 points. Dow up 466 points (1.5%) Nasdaq up 434 points (3.8%) S&P 500 up 94 (2.4%). Gold down $12.8 (0.7% ) Brent...

 The ASX 200 up 134 points to 7075 (1.9%), gaining all of the losses from Thursday. Still down 1.8% for the week. Gains across the board as momentum and confidence built. 7000 seems to be the line in the sand for now. Resource stocks led the charge with BHP up 2.0%, FMG gaining 2.0% and RIO up 2.1%. Oil and gas stocks better as oil rose in Asia and Europe, STO up 3.2% and WPL rising 2.7%. Base met...

The Dow finished down 104 points at the close, well-off lows of -606, as Jerome Powell was confirmed for a second term as Fed Chair. SPI Futures are pointing to a five-point loss to end the week.  ASX 200 SPI Futures down 5 points. Dow down 104 points (0.3%) Nasdaq up 7 points (0.1%) S&P 500 down 5 points (0.1%) Powell reaffirmed as Fed chair - talks 50 bps rises. Base metals lower slightly. I...

The ASX 200 fell hard again after a rally was snuffed out early morning. The ASX 200 fell 124 points to 6941 (-1.8%) Resources tried to hold up in the big miners but threw in the towel with BHP down 1.6% and FMG down 2.8%. Gold miners fell with NCM down 0.6% despite AUD gold prices barely changing recently. Lithium stocks again in the shorters sights, PLS down 6.5% and MIN off 2.1%. Even oil and g...

US stocks gave up early gains as CPI came in hotter than expected. The Dow finished down 327 (-1%) points after being up 423, the Nasdaq underperformed, losing 3.2%. SPI Futures are down 35 (-0.5%) points, with CBA and XRO results out this morning. Catch up on the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 35 points. Dow falls another 327 points down 1.0% in volatile trade. N...

 The ASX 200 fights back to a slightly positive close, up 14 points to 7065 in a very dull day for a change. It was again a tale of two cities, Banks under pressure following the NAB dividend, falling % with the Big Bank Basket down to $181.69 (1.2%). CBA down 0.2% and ANZ down 1.5%. NAB ex dividend and some, falling 3.9%. MQG bounced slightly by 1.2% as insurers came under a little pressure. QBE...

Stocks bounce back in the US ahead of the inflation number tonight. The Dow bounced off lows to finish down 0.3%, while the Nasdaq and the S&P both improved during the session. SPI Futures pointing to a muted day, down eight points as we hold our breath ahead of inflation. Get up to speed with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 8 points. Dow falls 85 points (0.3%) Nasdaq up 1...

 The ASX 200 rallied from extreme lows finding support at 7000 closing down only 70 points at 7051 (1.0%). A decent turnaround after falling over 170 points shortly after the opening. Good close too. Selective buying emerged in some tech stocks and industrials, WTC rallied 4.1% and XRO finding friends rising 4.2%. The All - Tech Index slightly positive despite a 8.5% fall in SQ2 . CSL was better b...

A rough session in the US, as the Dow never traded in positive territory and closed down 2%. The NASDAQ was the worst performer falling 4.3% as stagflation fears continue to weigh on markets. SPI Futures pointing to another day of losses down 99 points (-1.39%). Catch up on the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 99 (1.4%) Dow falls 654 points (2.0%) Nasdaq down 521 po...

The ASX 200 has once again tumbled 85 points to 7121 (-1.2%) failing to find support as US futures pointed to another difficult week for equities. A slight rally into the close. Broad-based losses again with resources firmly in the seller’s sights today as a China proxy and the AUD testing 70c. BHP dropped 1.3%, FMG off 5.8% and RIO down 2.3% with gold miners hit too despite bullion being slightly...

Not much to report on from the weekend with the central banks out of the way. SPI Futures pointing to another down day, down 51 points (-0.71%). Westpac Banking (WBC) results are out, mostly ahead of consensus. Catch up on the latest with Henry’s Breakfast Briefing. ASX 200 SPI Futures down 51  (0.7&) Dow down 99 (0.3%) Nasdaq down 173 (1.4%) S&P 500 down 24 (0.6%) Oil up 1.3% to US$112.39...

 The ASX 200 was whacked hard today falling 159 points to 7206 (2.2%). Selling from the open in all sectors as expected. Some small rally into the close. No where to hide although banks held up better and tech got hurt worse. The Big Bank Basket fell to $184.61 (1.2%) with NAB down 2.0% and MQG revealing great numbers but got smashed by 7.8%. Insurers held up slightly better with QBE off 0.3% and...

US markets fell hard from the start in a reversal of the previous session's gains. The Dow Jones fell over 3%, the NASDAQ down 5% and the S&P down more than 3.5%. SPI Futures pointing to a 1.5% loss today. Get up to speed with Henry's Breakfast Briefing. ASX 200 SPI Futures down 113 (1.5%) Dow falls 1063 points (3.15) Nasdaq down 647 (5%) S&P 500 down 153 (3.6%) Base metals fall...

In the best session since May 2020, the Dow Jones finished up 932 points. The Fed raised rates by 50 bps overnight and a less hawkish outlook than expected rallied markets. SPI Futures pointing a modest gain, up 31 points this morning. Catch up on all the latest with Henry's Breakfast Briefing. ASX 200 SPI Futures up 31 points. Dow rallies 932 points (2.8%) most since March 2020. Nasdaq up 40...

The ASX 200 gives back early gains to close down 12 at 7305 (0.2%) as resources came under pressure. Miners suffering as market remains cautious ahead of Fed verdict tonight. Banks got a boost from ANZ results which could have been a lot worse, the bank rose 0.4% with CBA up % and NAB up %. NAB results tomorrow and the Big Bank Basket closed at $186.87 (0.7%). MQG rallied 0.6% with insurers slight...

It was a session that lacked conviction in the US, as everyone awaits the FOMC meeting tonight. SPI Futures are up 43 points, looking to reverse some of the losses from the start of the week. ANZ results came out this morning. Catch up on all the attest with Henry’s Breakfast Briefing. ASX 200 SPI Futures up 43 points. Dow up 67 points (0.2%) Nasdaq up 28 points (0.22%) S&P 500 up 20 points (0...