UMike
Captain Klutz
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Anyone can view this evening wrap. It's not like it is behind a pay wall.
So no room for WDS (-3%) and S32 (-4.5%) in this list?????
Tomorrow's trading on the ASX?
- Thread starter farmerge
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So no room for WDS (-3%) and S32 (-4.5%) in this list?????
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Captain, there is no problem with people linking to content on other websites that some ASF members and visitors may find useful. What @debtfree is doing is perfectly fine and doesn't violate any law or regulation concerning copyright.
If you have a problem with what somebody has posted then feel free to contact me directly and I will investigate the matter, but there is nothing to investigate here.
Dona Ferentes
A little bit OC⚡DC
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just for some context, a poster has asked this:
... it's a pity that content drift occurs in threads.
This appears on the parallel ASF experience, as the author brags he has 20+ other members and contributors on "IGNORE".
... it's a pity that content drift occurs in threads.
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Well DF one can only guess who has 20+ on ignore.
Dona Ferentes
A little bit OC⚡DC
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back on topic
Some of the ASX200 companies reporting on Friday.
Some of the ASX200 companies reporting on Friday.
Garpal Gumnut
Ross Island Hotel
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Oh dear. What a shame. Well anyway ...
An interesting mix of companies there @Dona Ferentes reporting today. I've held QBE and IAG in the past and looked at CWY. But do not hold any of those mentioned atm.
I must look at the Industrial sector more closely.
gg
An interesting mix of companies there @Dona Ferentes reporting today. I've held QBE and IAG in the past and looked at CWY. But do not hold any of those mentioned atm.
I must look at the Industrial sector more closely.
gg
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Market Index - Friday Morning Wrap
www.marketindex.com.au
Morning Wrap: ASX to rise, S&P 500 hits fresh record high + Inghams, IAG and QBE to report
ASX 200 futures are trading 72 points higher, up 0.95% as of 8:30 am AEDT.
www.marketindex.com.au
Bailxtrader
Australian Republic Today
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Unemployment looks solid on paper, but is it creeping up with other economics.
In local economic data, Thursday saw the release of the latest labour market data, with the report showing that the unemployment rate rose to 4.1% slightly above expectations of 4.0%, while 0.5k jobs were added below estimates of 25k.
The ASX200 is expected to open higher on Friday, with ASX200 futures up +72 points or +0.953% at 7,630. The index gained +0.77% on Thursday with information technology, real estate, and consumer discretionary leading the rise, with the sectors rising +6.81%, +3.36%, and +2.77% respectively, while the Australian dollar strengthened +0.49%.
In stocks on Thursday, Goodman Group rose 7% to $28.47 after announcing a 29% jump in half-year operating profit to $1.1 billion and offering an additional guidance upgrade. In line with strong earnings, Wesfarmers rose 5% to $61.91, while Pro Medicus fell 13% to $94 after its profit report missed expectations.
Oil prices were higher on the back of a weaker US dollar, with WTI crude and Brent up +1.98% and +1.58% to US$78.16 and US$82.89 a barrel. Iron ore futures in Singapore rose +0.28% on Thursday to US$129.45 and are -0.31% lower this morning, while copper rose +1.62%. Gold was +0.60% higher at US$2.004.24 an oz with silver +2.41% higher, while Bitcoin edged 0.09% higher to finish at 51,818.69.
In local economic data, Thursday saw the release of the latest labour market data, with the report showing that the unemployment rate rose to 4.1% slightly above expectations of 4.0%, while 0.5k jobs were added below estimates of 25k.
The ASX200 is expected to open higher on Friday, with ASX200 futures up +72 points or +0.953% at 7,630. The index gained +0.77% on Thursday with information technology, real estate, and consumer discretionary leading the rise, with the sectors rising +6.81%, +3.36%, and +2.77% respectively, while the Australian dollar strengthened +0.49%.
In stocks on Thursday, Goodman Group rose 7% to $28.47 after announcing a 29% jump in half-year operating profit to $1.1 billion and offering an additional guidance upgrade. In line with strong earnings, Wesfarmers rose 5% to $61.91, while Pro Medicus fell 13% to $94 after its profit report missed expectations.
Oil prices were higher on the back of a weaker US dollar, with WTI crude and Brent up +1.98% and +1.58% to US$78.16 and US$82.89 a barrel. Iron ore futures in Singapore rose +0.28% on Thursday to US$129.45 and are -0.31% lower this morning, while copper rose +1.62%. Gold was +0.60% higher at US$2.004.24 an oz with silver +2.41% higher, while Bitcoin edged 0.09% higher to finish at 51,818.69.
If unemployment keeps creeping up, they'll cut interest rates sooner?
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Dona Ferentes
A little bit OC⚡DC
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bond market say NO
If interest rates go down, the yields go down, I think (that's my logic, and my logic is often flawed)
Been watching the Capital Notes, they aren't going anywhere either. So I try to put 2 and 2 together and came up with that thinking. (not a financial person, so please don't listen too much into what I'm saying)
Dona Ferentes
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ultimately, the RBA calls it on rates. Reading the recent statements, there's a bit of this and a bit of that, as per usual. Bonds and rates correlate, it's true. No causation.
Bailxtrader
Australian Republic Today
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What do make of it all. Running on highs. A lot to be said about it all tomorrow I sit here watch and read about the gains , but its got me thinking about the up coming lows, if they want to exist. Drinking the highs, sculling for the lows. Interesting Monday.
Here's a update on some ASX trades today;
The ASX200 closed the day up about .7 of a per cent.
Most sectors finished in the green, led by materials, up 1.5 per cent.
BHP Group is considering putting on hold its WA Nickel operations – due to a major drop in nickel prices. In response, Federal Resources Minister Madeline King is placing nickel on the critical minerals list, allowing nickel miners to apply for a $4 billion fund.
In this bulletin, we’ll discuss GQG Partners, MadPaws Holdings, Hastings Technology Metals, QBE Insurance Group, Inghams Group, and PharmAust.
Asset management group GQG Partners (ASX:GQG) was up nearly 3.5 per cent on its full-year results.
The company saw an 18.5 per cent increase in revenue to A$794.79 million and its net operating income was up 15.7 per cent to A$590.26 million.
It will pay a dividend of 2.6 US cents per share – representing a 90 per cent payout ratio of distributable earnings.
GQG closed at $2.20.
Pet company MadPaws Holdings (ASX:MPA) was up nearly 5 per cent on a 7-year investment deal with Seven West Media (ASX:SWM).
Seven West will commit $5.25 million through a 12-cent share placement, securing a 10.8 per cent ownership of Mad Paws.
MadPaws has also released its financial performance for the first half of FY24, reporting a revenue increase of 22 per cent from the previous corresponding period.
MPA closed at 11 cents.
And Hastings Technology Metals (ASX:HAS) was up more than 12 per cent after inking an offtake deal with Baotou Sky Rock for the downstream processing of Rare Earth Elements.
Under a 7-year deal, the company will send REE concentrate from its Yangibana project to be toll-treated in China to produce separated rare earth oxides.
HAS closed at 70 cents.
And it’s been a strong day for today’s ASX debutant, The Australian Wealth Advisors Group (ASX:WAG) closing nearly 40 per cent up at 35 cents.
QBE Insurance Group (ASX:QBE) was down almost two per cent today despite the company reporting a 105 per cent profit jump in its FY23 results and a 10 percent-franked 62-cent dividend.
Investor expectations were high with shares at a decade high
Here's a update on some ASX trades today;
The ASX200 closed the day up about .7 of a per cent.
Most sectors finished in the green, led by materials, up 1.5 per cent.
BHP Group is considering putting on hold its WA Nickel operations – due to a major drop in nickel prices. In response, Federal Resources Minister Madeline King is placing nickel on the critical minerals list, allowing nickel miners to apply for a $4 billion fund.
In this bulletin, we’ll discuss GQG Partners, MadPaws Holdings, Hastings Technology Metals, QBE Insurance Group, Inghams Group, and PharmAust.
Asset management group GQG Partners (ASX:GQG) was up nearly 3.5 per cent on its full-year results.
The company saw an 18.5 per cent increase in revenue to A$794.79 million and its net operating income was up 15.7 per cent to A$590.26 million.
It will pay a dividend of 2.6 US cents per share – representing a 90 per cent payout ratio of distributable earnings.
GQG closed at $2.20.
Pet company MadPaws Holdings (ASX:MPA) was up nearly 5 per cent on a 7-year investment deal with Seven West Media (ASX:SWM).
Seven West will commit $5.25 million through a 12-cent share placement, securing a 10.8 per cent ownership of Mad Paws.
MadPaws has also released its financial performance for the first half of FY24, reporting a revenue increase of 22 per cent from the previous corresponding period.
MPA closed at 11 cents.
And Hastings Technology Metals (ASX:HAS) was up more than 12 per cent after inking an offtake deal with Baotou Sky Rock for the downstream processing of Rare Earth Elements.
Under a 7-year deal, the company will send REE concentrate from its Yangibana project to be toll-treated in China to produce separated rare earth oxides.
HAS closed at 70 cents.
And it’s been a strong day for today’s ASX debutant, The Australian Wealth Advisors Group (ASX:WAG) closing nearly 40 per cent up at 35 cents.
QBE Insurance Group (ASX:QBE) was down almost two per cent today despite the company reporting a 105 per cent profit jump in its FY23 results and a 10 percent-franked 62-cent dividend.
Investor expectations were high with shares at a decade high
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Market Index - Friday Evening Wrap
www.marketindex.com.au
Evening Wrap: ASX 200 firms as short covering in lithium & battery materials stocks turns into full blown rally
The leaders table was almost exclusively made up of lithium and other battery materials stocks as short covering transforms into a full-blown rally.
www.marketindex.com.au
Bailxtrader
Australian Republic Today
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fair enough the ASX has been solid of late, but whats going to happen tomorrow? here's a report on thursdays and friday's action, Looks and sounds promising, but I'm skeptical about some lows in the near future...
Thursday 15 February 2024
Australian shares have bounced back from three straight days of losses as traders digest a slew of company earnings reports.
The benchmark S&P/ASX200 index on Thursday finished 58 points higher at 7,605.7, a 0.77 per cent gain, while the broader All Ordinaries rose 61.2 points, or 0.79 per cent, to 7,851.7.
The market rose at the open, propelled by an overnight rally on Wall Street, and was little moved by an unexpected rise in the domestic unemployment rate.
The Australian Bureau of Statistics reported shortly before lunchtime that unemployment hit a two-year high of 4.1 per cent in January, up from 3.9 per cent in December.
Australian Market Report - Aussie shares rebound, snapping three-day losing streak
Australian shares have bounced back from three straight days of losses as traders digest a slew of company earnings reports.
The benchmark S&P/ASX200 index on Thursday finished 58 points higher at 7,605.7, a 0.77 per cent gain, while the broader All Ordinaries rose 61.2 points, or 0.79 per cent, to 7,851.7.
The market rose at the open, propelled by an overnight rally on Wall Street, and was little moved by an unexpected rise in the domestic unemployment rate.
The Australian Bureau of Statistics reported shortly before lunchtime that unemployment hit a two-year high of 4.1 per cent in January, up from 3.9 per cent in December.
City Index analyst Matt Simpson said while the readout brought a glimmer of hope for a dovish pivot from the Reserve Bank, he doubted it would budge the central bank unless there are more job losses.
Some economists also warned that a possible shift in seasonal job-hunting trends may have clouded the data.
Eight of the ASX's 11 sectors finished higher, with telecommunications, energy and materials lower.
Tech was the biggest gainer, rising 6.8 per cent as Altium soared on a takeover deal.
Shares in the printed circuitboard software design company rocketed 28.8 per cent to an all-time high of $66 after it agreed to be acquired by Japan-based Renesas Electronics in a $9.1 billion deal
Shareholders in Altium, the ASX's fourth-biggest tech company, will receive $68.50 a share if the deal goes through.
A number of companies reported earnings results on one of the busiest days of the season.
Wesfarmers rose five per cent to a two-and-a-half-year high of $61.91 after as the Perth-based conglomerate announced strong sales at its Kmart division had helped it grow its half-year profit by three per cent to $1.4 billion.
Telstra fell 2.3 per cent to $3.90 as the telecommunications provider announced a review of its underperforming network solutions enterprise business, which chief executive Vicki Brady said is "clearly a long way from where we need it to be".
Goodman Group rose 7.0 per cent to a 17-year high of $28.47 after the logistics and data centre owner delivered a first-half operating profit of $1.1 billion, up 29 per cent from a year ago.
Whitehaven Coal dropped 5.7 per cent to $7.08 as the coal exporter revealed a plunge in first-half earnings and slashed its payout to investors due to cheap Russian coal flooding the market, and a major acquisition.
BHP dropped 1.7 per cent to $45.17 after the Big Australian said it would take a $US2.5 billion ($3.9 billion) non-cash impairment on the carrying value of its Western Australia nickel operations, given the sharp fall in nickel prices.
"This is an uncertain time for the Western Australian nickel industry and we are taking action to address the current market conditions," chief executive Mike Henry said.
Elsewhere in the sector, Fortescue rose 1.4 per cent to $28.08 and Rio Tinto had dropped 0.7 per cent to $127.39.
The Big Four banks were all higher, with ANZ adding 1.5 per cent to $28.22, Westpac climbing 1.0 per cent to $24.37, NAB up 1.1 per cent to $32.85 and CBA edging 0.1 per cent higher at $114.16.
Back in the tech sector, Data #3 dropped 13.1 per cent to $8.50 after announcing a 25 per cent rise in half-year profit, to $21.4 million.
The Australian dollar was buying 64.89 US cents, from 64.82 US cents at Wednesday's ASX close.
ON THE ASX:
The benchmark S&P/ASX200 index finished Thursday up 58 points, or 0.77 per cent, to 7,605.7
The broader All Ordinaries rose 61.2 points, or 0.79 per cent, to 7,851.7
The NZX 50 Lost -21.28 points (-0.18%) to 11,640.04 while the Nikkei gained 454.62 points (1.19%) at the time of writing, to be closed at 38,157.94
Friday 16 February 2024
Australian shares are set to open higher, after a mixed session on Wall Street.
ASX futures were up 1.0% or 72 points as of 8:30am on Friday, suggesting a higher open.
U.S. stocks ended broadly higher despite some losses in big cap tech shares, lifting the S&P 500 to a new closing high.
DJIA gained 348 points, or 0.9%, to 38773, the S&P 500 rose 0.6% to 5029 and the Nasdaq added 0.3% to 15906.
Australian shares are set to open higher, after a mixed session on Wall Street.
ASX futures were up 1.0% or 72 points as of 8:30am on Friday, suggesting a higher open.
U.S. stocks ended broadly higher despite some losses in big cap tech shares, lifting the S&P 500 to a new closing high.
DJIA gained 348 points, or 0.9%, to 38773, the S&P 500 rose 0.6% to 5029 and the Nasdaq added 0.3% to 15906.
In commodity markets, Brent crude oil rose 1.6% to US$82.88 a barrel, while gold was up 0.6% to US$2,004.65.
In local bond markets, the yield on Australian 2 Year government bonds was down at 3.81% while the 10 Year yield was also down at 4.13%. US Treasury notes were mixed, with the 2 Year yield unchanged at 4.58% and the 10 Year yield down at 4.24%.
The Australian dollar hit 65.20 US cents up from its previous close of 64.89. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, was down at 98.60.
Never Ending Story
Thursday 15 February 2024
Australian shares have bounced back from three straight days of losses as traders digest a slew of company earnings reports.
The benchmark S&P/ASX200 index on Thursday finished 58 points higher at 7,605.7, a 0.77 per cent gain, while the broader All Ordinaries rose 61.2 points, or 0.79 per cent, to 7,851.7.
The market rose at the open, propelled by an overnight rally on Wall Street, and was little moved by an unexpected rise in the domestic unemployment rate.
The Australian Bureau of Statistics reported shortly before lunchtime that unemployment hit a two-year high of 4.1 per cent in January, up from 3.9 per cent in December.
Australian Market Report - Aussie shares rebound, snapping three-day losing streak
Australian shares have bounced back from three straight days of losses as traders digest a slew of company earnings reports.
The benchmark S&P/ASX200 index on Thursday finished 58 points higher at 7,605.7, a 0.77 per cent gain, while the broader All Ordinaries rose 61.2 points, or 0.79 per cent, to 7,851.7.
The market rose at the open, propelled by an overnight rally on Wall Street, and was little moved by an unexpected rise in the domestic unemployment rate.
The Australian Bureau of Statistics reported shortly before lunchtime that unemployment hit a two-year high of 4.1 per cent in January, up from 3.9 per cent in December.
City Index analyst Matt Simpson said while the readout brought a glimmer of hope for a dovish pivot from the Reserve Bank, he doubted it would budge the central bank unless there are more job losses.
Some economists also warned that a possible shift in seasonal job-hunting trends may have clouded the data.
Eight of the ASX's 11 sectors finished higher, with telecommunications, energy and materials lower.
Tech was the biggest gainer, rising 6.8 per cent as Altium soared on a takeover deal.
Shares in the printed circuitboard software design company rocketed 28.8 per cent to an all-time high of $66 after it agreed to be acquired by Japan-based Renesas Electronics in a $9.1 billion deal
Shareholders in Altium, the ASX's fourth-biggest tech company, will receive $68.50 a share if the deal goes through.
A number of companies reported earnings results on one of the busiest days of the season.
Wesfarmers rose five per cent to a two-and-a-half-year high of $61.91 after as the Perth-based conglomerate announced strong sales at its Kmart division had helped it grow its half-year profit by three per cent to $1.4 billion.
Telstra fell 2.3 per cent to $3.90 as the telecommunications provider announced a review of its underperforming network solutions enterprise business, which chief executive Vicki Brady said is "clearly a long way from where we need it to be".
Goodman Group rose 7.0 per cent to a 17-year high of $28.47 after the logistics and data centre owner delivered a first-half operating profit of $1.1 billion, up 29 per cent from a year ago.
Whitehaven Coal dropped 5.7 per cent to $7.08 as the coal exporter revealed a plunge in first-half earnings and slashed its payout to investors due to cheap Russian coal flooding the market, and a major acquisition.
BHP dropped 1.7 per cent to $45.17 after the Big Australian said it would take a $US2.5 billion ($3.9 billion) non-cash impairment on the carrying value of its Western Australia nickel operations, given the sharp fall in nickel prices.
"This is an uncertain time for the Western Australian nickel industry and we are taking action to address the current market conditions," chief executive Mike Henry said.
Elsewhere in the sector, Fortescue rose 1.4 per cent to $28.08 and Rio Tinto had dropped 0.7 per cent to $127.39.
The Big Four banks were all higher, with ANZ adding 1.5 per cent to $28.22, Westpac climbing 1.0 per cent to $24.37, NAB up 1.1 per cent to $32.85 and CBA edging 0.1 per cent higher at $114.16.
Back in the tech sector, Data #3 dropped 13.1 per cent to $8.50 after announcing a 25 per cent rise in half-year profit, to $21.4 million.
The Australian dollar was buying 64.89 US cents, from 64.82 US cents at Wednesday's ASX close.
ON THE ASX:
The benchmark S&P/ASX200 index finished Thursday up 58 points, or 0.77 per cent, to 7,605.7
The broader All Ordinaries rose 61.2 points, or 0.79 per cent, to 7,851.7
The NZX 50 Lost -21.28 points (-0.18%) to 11,640.04 while the Nikkei gained 454.62 points (1.19%) at the time of writing, to be closed at 38,157.94
Friday 16 February 2024
Australian shares are set to open higher, after a mixed session on Wall Street.
ASX futures were up 1.0% or 72 points as of 8:30am on Friday, suggesting a higher open.
U.S. stocks ended broadly higher despite some losses in big cap tech shares, lifting the S&P 500 to a new closing high.
DJIA gained 348 points, or 0.9%, to 38773, the S&P 500 rose 0.6% to 5029 and the Nasdaq added 0.3% to 15906.
Australian shares are set to open higher, after a mixed session on Wall Street.
ASX futures were up 1.0% or 72 points as of 8:30am on Friday, suggesting a higher open.
U.S. stocks ended broadly higher despite some losses in big cap tech shares, lifting the S&P 500 to a new closing high.
DJIA gained 348 points, or 0.9%, to 38773, the S&P 500 rose 0.6% to 5029 and the Nasdaq added 0.3% to 15906.
In commodity markets, Brent crude oil rose 1.6% to US$82.88 a barrel, while gold was up 0.6% to US$2,004.65.
In local bond markets, the yield on Australian 2 Year government bonds was down at 3.81% while the 10 Year yield was also down at 4.13%. US Treasury notes were mixed, with the 2 Year yield unchanged at 4.58% and the 10 Year yield down at 4.24%.
The Australian dollar hit 65.20 US cents up from its previous close of 64.89. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, was down at 98.60.
Never Ending Story
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Dona Ferentes
A little bit OC⚡DC
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looking FORWARD to more companies reporting. Will be a busy week ... => this is just for Mon and Tuesday:
Bailxtrader
Australian Republic Today
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Here's a weird but wonderful outlook of the ASX for the future. They seem pretty keen on it rising 21.8% by the end of 2024. Something I can't quite get my head around. and to me is highly unlikely. Heads up for obtrusion. I got no idea what they base it on?
longforecast.com
ASX 200 FORECAST 2024, 2025, 2026-2028
ASX 200 forecast and predictions for 2024, 2025, 2026, 2027 and 2028. The latest ASX 200 prediction for each month: open, maximum, minimum and close levels. ASX index outlook for years.
longforecast.com
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