Market Updates

The big news from the weekend was President Biden’s comments that Russian President Putin “cannot remain in power”. The comment was met with mixed responses from European officials, as the White Hous…

• The ASX 200 limped 19 points higher to 7406 (0.3%) in quiet trade. Materials were once again the star sector. BHP up 1.0%, FMG up 1.7% and base metals too better, S32 up 0.4% and IGO better by 3.5%. …

• ASX 200 SPI Futures up 38 points.
• Dow rose 349 points (1.02%)
• Nasdaq up 269 points (1.93%)
• S&P 500 up 64 (1.43%) US 10 year yields 2.3699%
• Gold up 1.3% Oil eases 2.1%
• Iron ore flat. Nickel up 15%.

Why not …

• The ASX 200 had a quiet day bucking the downdraft from US markets rising nine points to 7387 (+0.1%). It was a tale of two sectors, banks down, resources up. The banks weakened ever so slightly despi…

• ASX SPI Futures down 54 points to 7295
• Dow falls 449 points (1.3%) 
• Nasdaq down 186 Points (1.3%)
• Oil rallies 5% plus. Gold up 0.8%
• Iron ore up 0.3%. Nickel up 14%.

AUD at highest in four months around 75…

• The ASX 200 moved up another 37 points to 7378(0.5%) today as banks burst higher as yields continue to move up. 10-year yields hit 2.82% at one stage and the Big Bank Basket rose to $190.85(1.1%) wit…

Strong night for US stocks as the Dow finished up 254 points (+0.74%) and never traded in negative territory. A big session for US tech stocks which are back in fashion, with most of the big names ga…

The Dow fell 202 points (-0.58%) overnight, with Powell saying the Fed will raise rates more aggressively if needed. SPI Futures are up 80 points (+1.1%) perhaps optimistic on the back of US markets …

• The ASX 200 closed down 16 points at 7279 (-0.22%) as early exuberance evaporated. We turned negative having been up near 60 points. Banks were the swing factor as the Big Bank Basket fell to $187.73…

SPI Futures are pointing to a 59-point gain, following the ASX 200's best week in more than a year last week, with a 3.3% gain. The Russia/Ukraine war continues to headline news, and Hong Kong plans …

• The ASX 200 put on another 44 points to 7294 (+0.6%). Big jump on the 4.10 pm match out with banks turning positive as potential ASX Index rebalancing gave us a nudge, 3.2% for the week. Today was al…

US stocks post the best three day run since November 2020. The Dow finished near highs up 418 points (+1.23%). Oil is back above US$100 following three consecutive days of losses. SPI Futures are up …

• The ASX 200 continues the rally up 76 points to 7215 (+1.0%) as tech stocks lead the charge higher. Bombed out and oversold tech stocks rallied hard after HK Tech and US Nasdaq gains. KGN up 12.0%, B…

• ASX 200 SPI Futures up 41 points.
• Dow up 599 (1.8%). Nasdaq up 367 (2.9%).
• Base metals flat. Iron ore down 5.5%
• Oil falls 6.5%.China growth woes on CV19.
• FOMC meeting on Day Two.

Why not sign up for a fre…

• The ASX 200 dropped 52 points to 7097 (0.7%) as bifurcation of banks and miners the focus. Commodity stocks under pressure across the board as China growth fears stalk the market. Iron ore stocks wea…

The Dow finished up one point in a volatile session that at best was up 451 and at worst down 126. Ukraine president Zelensky has expressed hope for a ceasefire after talks between Ukrainian and Russ…

• The ASX 200 jumped out of the blocks consolidating the gains and finishing up 86 points to 7149(1.2%). US futures optimism helping ahead of FOMC this week. Financials and industrials were the backbon…

The Russia/Ukraine conflict could be nearing a conclusion with both sides saying that progress has been made. The Dow was down 230 points on Friday night, with the focus of markets shifting towards t…