Pre-Market Report – Thursday 31 July: US markets ease, Fed on hold | Microsoft and Meta soar on results
Wall Street recorded a primarily negative session despite US GDP of 3% in Q2 as Fed Chair Jerome Powell cooled hopes of a rate cut in September, after holding them steady in July. Powell argued rates ...
30 Jul 202517min
End of Day Report – Wednesday 30 July: ASX up 52, banks lead | CPI comes in better than expected
The ASX 200 rose 52 points to near record highs of 8756 (0.6%) after a benign CPI ensured we should get a rate cut in August. Familiar story, Banks firm with CBA up 1.6% and the Big Bank Basket up to ...
30 Jul 202513min
Pre-Market Report – Wednesday 30 July: US markets ease ahead of Fed | MIN, ALX, PLS in focus
Wall Street recorded a negative session as disappointing earnings weighed on markets and investors awaited the Fed’s rate decision (tomorrow morning Australian time). Meta, Microsoft, Amazon and Apple...
29 Jul 202516min
End of Day Report – Tuesday 29 July: ASX 200 up 7, good come back | Resources under pressure
The ASX 200 fought back from early losses to close up 7 points at 8705 (0.1%). Healthcare and industrials firmed, CSL up 0.5% and ALL up 0.5% with the banks slightly weaker. CBA down 0.4% and NAB up 1...
29 Jul 202512min
Pre-Market Report – Tuesday 29 July: US markets creep higher | Fed and results in focus
Wall Street recorded another modestly positive session as the S&P 500 and Nasdaq closed at fresh highs, boosted by US-EU trade deal, and excitement over some major corporate earnings this week includi...
28 Jul 202512min
End of Day Report – Monday 28 July: ASX 200 up 31 points | Banks and industrials lead
The ASX 200 closed up 31 points to 8698 (0.4%) as banks were back in the driving seat. CBA up 1.2% with the Big Bank Basket up to $276.18 (+0.9%). MQG rallied 1.0% as financials generally found some l...
28 Jul 202512min
Pre-Market Report – Monday 28 July: US markets firm | US/EU trade deal
Wall St managed a broad rally on Friday night as optimism over a US/EU trade deal boosted the S&P 500 (+0.4%) to a fresh record high. That deal has now been done - described as the "Least worst" deal ...
27 Jul 202514min
End of Day Report – Friday 25 July: ASX 200 falls 43, narrow range | Resources taking a breather
The ASX dropped another 43 points to 8667 (0.5%) in a quiet trading day. Down 1% for the week. Not much fresh news around. Both banks and resources slipped. Iron ore miners under a little pressure aft...
25 Jul 202512min
