Tomorrow's trading on the ASX?

[farmerge]

I'd say the reinflation narrative is an absolute given.

look at gold ... winner

As Nugget used to say Gold, Gold, Gold.

 

[divs4ever]

I agree. Actually the following story from just last Wednesday confirms it for me.

"A particular product's price may go up," he conceded, while arguing that levies would not cause broad inflation. "It is just nonsense to say that tariffs cause inflation. It’s nonsense."

Howard Lutnick, Trump Commerce secretary pick, says it's 'nonsense' that tariffs cause inflation

President Donald Trump’s nominee to lead the Commerce Department, Howard Lutnick, told senators the argument that tariffs cause inflation is "nonsense" during a confirmation hearing.

www.foxnews.com

the telling factor will be ( official ) GDP , it seems the new Government is committed to reducing spending ( waste )

since Government spending is now included in GDP and consumer spending is already ( allegedly ) under stress ( because tax cuts will lag tariff income )

fact one .... increasing MONEY supply increases inflation , everything after that is a consequence

let's see in Trump retires Government debt allowing interest payments ( on that debt ) to reduce ( therefore they no longer need to print as fast as they can )

 

[basilio]

I agree. Actually the following story from just last Wednesday confirms it for me.

"A particular product's price may go up," he conceded, while arguing that levies would not cause broad inflation. "It is just nonsense to say that tariffs cause inflation. It’s nonsense."

Howard Lutnick, Trump Commerce secretary pick, says it's 'nonsense' that tariffs cause inflation

President Donald Trump’s nominee to lead the Commerce Department, Howard Lutnick, told senators the argument that tariffs cause inflation is "nonsense" during a confirmation hearing.

www.foxnews.com

Well he would say that wouldn't he ? After all he is Totally Loyal to The Don and whatever Trfump says goes doesn't it ..

In terms of the effects of Tariffs on price rises across the economy. Suddenly a whole range of imported products increase prices by 10-30%.

In which universe does the the US alternative not drift it's prices higher if the competition is now either non existent or not competitive?

 

[divs4ever]

Well he would say that wouldn't he ? After all he is Totally Loyal to The Don and whatever Trfump says goes doesn't it ..

In terms of the effects of Tariffs on price rises across the economy. Suddenly a whole range of imported products increase prices by 10-30%.

In which universe does the the US alternative not drift it's prices higher if the competition is now either non existent or not competitive?

well it MIGHT be different this time , but that has been the trend in the last 60 years ( i have been interested in prices )

now the trade-off MIGHT be more employment ( longer hours ) but then we have increased use of automation and robots

but the can of worms has be opened and spread across the ground .. what will happen next ( assuming there is no QE to boost manufacturing investment )

 

[Dona Ferentes]

an orderly selldown in opening stages, and there we stayed all day

.

Evening Wrap: ASX 200 tumbles as Trump's tariffs slice billions off BHP, RIO, Fortescue and other ASX tariff losers​

The S&P/ASX 200 closed 152.9 points lower, down 1.79%

Evening Wrap: ASX 200 tumbles as Trump's tariffs slice billions off BHP, RIO, Fortescue and other ASX tariff losers

The ink on Friday's ASX 200 record high of 8566.9 is still drying as Australian stocks slumped today as fears and speculation over US President Trump's tariffs finally became reality. They're here: 10% on imports into the US from China, and up to 25% on both Canada and Mexico. There are several...

www.marketindex.com.au

 

[Dona Ferentes]

ASX futures are pointing up 76 points or 0.9 per cent to 8422:

• AUD -0.6% to US61.82¢
• Bitcoin +2% to $US99,182
• Gold +0.7% to $US2818.72 an ounce
• Brent oil +0.4% to $US75.95 a barrel
• Iron ore -1.2% to $US104.40 a tonne

 

[Dona Ferentes]

futures losing a bit of early upside

ASX 200 futures are up 39pts or +0.46%:

• US stocks opened sharply lower but ended well off worst levels
• Trump said he will postpone tariffs on Mexico for a month in exchange for increased security around the US border
• Gold prices hit another fresh all-time high overnight

.

Morning Wrap: ASX 200 to bounce, S&P 500 claws back early losses as US pauses tariffs on Mexico

The S&P 500 bounced off session lows after Trump said he would pause Mexican tarrifs for a month, while the S&P/ASX 200 is set to open higher on Tuesday.

www.marketindex.com.au

 

[Garpal Gumnut]

The AUD/USD gained 1% overnight so don't expect much change in POG in $AUD.

gg

 

[Dona Ferentes]

Fade the Sell then 4:10 sell off


The S&P/ASX 200 closed 5.4 points lower, down 0.06%

ASX 200 slides as investors sell the rip rather than buy the dip

The headline will show only a tiny 5.4 point or 0.06% drop in the benchmark ASX 200 today. Nothing to worry about...right? Perhaps not, but also, perhaps. The main issue as some of you may have already spotted, is that we closed smack bang on the session's low – some 0.87% below the session's...

www.marketindex.com.au

 

[Dona Ferentes]

ASX futures are up 57 points or 0.7 per cent to 8400:

• AUD +0.5% to US62.59¢
• Bitcoin -2.9% to $US98,643
• Gold +1% to $US2843.80 an ounce
• Brent oil +0.2% to $US76.08 a barrel
• Iron ore +0.7% to $US105.05 a tonne

 

[eskys]

Brent is up while Crude is down. Could be because Xi gave Donald a slap, tit for tat

 

[eskys]

Morning Wrap: ASX 200 to rise, S&P 500 bounces + Pinnacle, Amcor earnings

ASX 200 futures are up 53pts (+0.63%) as of 8:30 am AEDT.

www.marketindex.com.au

 

[farmerge]

Morning Wrap: ASX 200 to rise, S&P 500 bounces + Pinnacle, Amcor earnings

ASX 200 futures are up 53pts (+0.63%) as of 8:30 am AEDT.

www.marketindex.com.au

The colour Green is dominant so far today, Whoopie do dar.

 

[eskys]

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[eskys]

Probably better to start a new thread, @Dona Ferentes, anyone?

 

[eskys]

I'm a dinosaur...going round in circles and have no idea where to stick it

 

[Dona Ferentes]

ASX 200 rallies as tariff war escalates, major resources and energy stocks best on measured Chinese response so far​

The S&P/ASX 200 closed 42.9 points higher, up 0.51%.
.

ASX 200 rallies as tariff war escalates, major resources and energy stocks best on measured Chinese response so far

Moves on the ASX today smacked of a combination of Trump tariff relief rally (today we’re at "relief" over the so far measured Chinese response as opposed to the recent "despair" setting), and lower risk-free market yields. Resources and Energy stocks bounced strongly, as did Information...

www.marketindex.com.au

 

[Dona Ferentes]

ASX 200 futures are up 59pts or +0.70%

• US stocks finished higher and at best levels amid a drop in bond yields and the US dollar
• Several high-profile companies missed earnings estimates and provided weak guidance, including AMD, Alphabet and Uber
• Newscorp, REA Group and Beach Energy have reported earnings this morning

.

Morning Wrap: ASX 200 to rise, S&P 500 higher + Newscorp, REA Group earnings

ASX 200 futures are up 59pts (+0.70%) as of 8:30 am AEDT.

www.marketindex.com.au