Australian (ASX) Stock Market Forum

Today's trading on the ASX

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Evening Wrap: ASX 200 recoups more ground as tariff fears subside, BHP, CBA, ANZ lead blue-chip bargain hunting .... The S&P/ASX 200 closed 102.1 points higher, up 1.34%

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Evening Wrap: ASX 200 recoups more ground as tariff fears subside, BHP, CBA, ANZ lead blue-chip bargain hunting .... The S&P/ASX 200 closed 102.1 points higher, up 1.34%

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Getting somewhat close to my pick in the XAO pick
 
When will old habits die?
Some thoughts with the fact we carry on following the US market the way we do in the next day market forecasts.
If the US market is thrown a good news story and goes up, why should the asx rejoice in april 2025?
It is not rocket science to say we are hook and sinker linked to the Chinese economy
Our stock market is IO, some energy companies not killed yet by netzero, and big banks feeding on mortgages to retail real estates, with an extra boost from a super system which is also funded by employment, all based on a chinese supply pyramid.
Crude but true.
Do we still assume that what is good for the US market is good to China, and reverse?
Cause that is what we do daily on the ASX yet the big Trump shift is the very opposite ...
 
Oil prices closed little changed, but OPEC cut its demand forecast due to trade tensions. WTI crude edged up 0.05% to US$61.53 a barrel. Brent crude rose 0.09% to US$64.82 a barrel.

Spot gold is trading 0.02% lower at US$3,210.34 an ounce.

One Australian dollar is buying 63.23 US cents.

The SPI futures are pointing to an 18 point rise
 

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Evening Wrap: ASX 200 edges higher as Trump's new semiconductor focus sends rare earths, critical metals stocks soaring... The S&P/ASX 200 closed 13.1 points higher, up 0.17%.

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US markets took a breather on Tuesday, with the major indexes posting slight declines as tariff volatility subsided and investors digested a fresh wave of corporate earnings.
  • WTI crude is trading 0.32% lower at US$61.33 a barrel.
  • Spot gold is trading flat at US$3,230.69 an ounce.
  • One Australian dollar is buying 63.37 US cents.
The ASX is expected to open slightly higher this morning, mirroring Wall Street’s subdued finish. The SPI futures are pointing to a 3 point fall.

Key local earnings are due from Bank of Queensland, Iluka, Karoon Energy and Rio Tinto.

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US markets took a breather on Tuesday, with the major indexes posting slight declines as tariff volatility subsided and investors digested a fresh wave of corporate earnings.
  • WTI crude is trading 0.32% lower at US$61.33 a barrel.
  • Spot gold is trading flat at US$3,230.69 an ounce.
  • One Australian dollar is buying 63.37 US cents.
The ASX is expected to open slightly higher this morning, mirroring Wall Street’s subdued finish. The SPI futures are pointing to a 3 point fall.

Key local earnings are due from Bank of Queensland, Iluka, Karoon Energy and Rio Tinto.

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Where to today chaps and chapettes? An indolent copy of overseas would be my guess.

gg
 
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Evening Wrap: ASX 200 flat close hides two-speed market as gold, rare earths, banks up vs healthcare, energy slump on trump woes... The S&P/ASX 200 closed 2.8 points lower, down 0.04%

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Evening Wrap: ASX 200 flat close hides two-speed market as gold, rare earths, banks up vs healthcare, energy slump on trump woes... The S&P/ASX 200 closed 2.8 points lower, down 0.04%

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Unfortunately this yo-yoing will be with s as long as The Trumpet does, and he doesn't.
Definitely brain dead moves on a whim.
I was talking to a bloke with friends in the Mid West of good 'ol US of A.
He said for them the panic is setting in now, with the perceived benefits not being a reality but a massive impost on their budgets and bottom line.
 
The SPI futures are pointing to a 26 point fall.
  • WTI crude is trading 1.86% higher at US$62.47 a barrel.
  • Spot gold is trading 3.48% higher at US$3,343.12 an ounce.
  • One Australian dollar is buying 63.72 US cents.
A string of quarterly earnings reports from major mining companies, including Alcoa, BHP, Pilbara Minerals, Challenger, South32, plus Transurban and AMP.
 
ASX is in reverse to the US markets, even with the bad news.

Something odd is going on here, not sure if I should start dumping the very few I have in the green.
 
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Evening Wrap: ASX 200 pops as bargain hunters target Energy, Rare Earths and Base Metals stocks, WDS, LYC and RIO standouts... The S&P/ASX 200 closed 60.2 points higher, up 0.78%.

 


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