Market Updates

Global stocks slumped after Disney’s results, and regional banks, such as PacWest, reported falling deposits. This decline in bank deposits has renewed concerns about the banking industry following th...

11 Maj 202313min

US stocks closed broadly higher overnight closing off near best levels. Nasdaq posted its highest close since August, supported by a rally at Google +4.1% as the company rolled out more AI for its cor...

10 Maj 202315min

US equities closed lower overnight in an uneventful day of trade, closing off near-session lows. Nothing specific behind the cause of the pullback, though some earnings results underwhelmed, regional ...

9 Maj 202312min

ASX 200 closed down 12 to 7264 (-0.2%) snapping a two-day advance, weighed down by energy stocks. Banks hold onto yesterday’s gains, with the Big Bank Basket back to $170.47 climbing 0.4%. NAB EX-DIV...

9 Maj 202311min

US equities closed were mixed overnight in a dull day of trade coming off a sharp rally on Friday. The USD strengthened, treasury yields rose, and gold edged higher. Concerns about the debt ceiling ar...

8 Maj 202312min

ASX 200closed up 57 to 7277 (+0.8%) in a broad market rally. Energy sector soaring today +2.5% following news the government’s PRRT hike is not as bad as feared. WDS +2.9%, BPT +2.8%, and COE +6.7%. L...

8 Maj 202315min

Dow Jones +547 points (+1.65%) on Friday. It was up 621 at best. NASDAQ +2.25%. S&P 500 +1.85%. KBW Bank index +4.60%. Down 11% for the week. The regional banking bomb defused itself overnight. The KB...

7 Maj 202315min

ASX 200 finishes the week up 27 points to 7220 (+0.4%), rebounding from early lows again as bargain hunters stepped in. ASX 200 down 1.2% for the week. Banks did a double take after the ANZ and MQG re...

5 Maj 202315min