Australian (ASX) Stock Market Forum

Tomorrow's trading on the ASX?

i hope they aren't holding their breath whilst waiting
I am not even convinced on a rate cut this year tbh with Dec '24 SFE IB futures down to implied cut of 35bps after being at 66bps 2 month earlier , appears inflation is sticky in recent days . Given the YTD moves in many comms its not without basis , obv crude is the key one ScreenShot442.jpg
 
Market Index - Thursday Evening Wrap

The S&P/ASX 200 closed 34.8 points higher, up 0.45%.

Australia is the lucky country, and every now and then, the ASX is the lucky share market.
Today, gold, copper, and uranium stocks are all on the march higher as the prices of their respective commodities rose overnight (and when you see the Interesting Moves section even lithium stocks got a little lucky today!).
Putting luck aside. The local share market enjoyed a modest bounce from yesterday's washout – by the close we had recouped roughly half the damage. In order to determine if this means the glass is half empty or half full...
Let’s dive in!

 
Market Index - Friday Morning Wrap

ASX 200 futures are trading 63 points lower, down 0.80% as of 8:30 am AEDT.

The S&P 500 tumbled from session highs overnight amid speculation of an Iranian attack on Israel as well as higher oil prices, hawkish Fedspeak and overbought conditions. Gold snapped a seven day win streak, Woodside's shareholders were advised to vote against its climate strategy, Taiwan's earthquake is expected to cause a short-term disruption for chips and the Fed's Kashkari says the Fed might not cut rates in 2024.
Let's dive in.

 
US equities slumped on Thursday as investors await tonight’s non-farm payroll report, as well as fresh concerns of geopolitical tensions.

The ASX is expected to open lower this morning, with ASX200 futures down -63 points or -0.8% to 7,803. The index rebounded 0.45% on Wednesday after heavy losses on Tuesday, with all sectors higher and 79% of stocks finishing up. Technology was the best-performing sector, up 1.18% after being the biggest underperformer on Tuesday. In economic data, building permits for February declined -1.9%, a surprise miss compared to the 3.3% forecast by analysts.

Commodities
Oil prices climbed on concerns of tension in the Middle East with both WTI and Brent crude up 1.55% and 1.75% respectively. Iron ore futures in Singapore finished -1.77% lower on Thursday and are a further -0.4% weaker this morning at US$97.35 while copper is 0.45% higher overnight. Gold declined -0.45% to US$2,289 an oz, silver also declined -1.12% while Bitcoin traded 2.66% higher.
 
Market Index - Friday Evening Wrap

The S&P/ASX 200 closed 44.0 points lower, down 0.56%.

It was another tough day at the office for Aussie investors. But let me put this out there, I bet it wasn't as bad as you expected given the lead we had from Wall St, right?
Yesterday I referred to investors in gold, copper, and uranium stocks as "lucky". Today, that list was narrowed to just gold, if you get what I mean.
Unlucky areas of the market, like lithium and iron ore, continued to be unlucky, as was pretty much everything else. On that cheery note, for the last time this week...
Let’s dive in!

 
Market Index - Monday Evening Wrap

The S&P/ASX 200 closed 15.8 points higher, up 0.20%.

Any gain is a good gain for the S&P/ASX200, but possibly investors will be a little disappointed with the magnitude of today's bounce. At 15-odd points, it's a long way from last week's 124 point loss.
In the 1980's, a group of philosophers named Spandau Ballet told us to always believe in gold, or your soul, or both depending on your interpretation of the song. Gold's rally appears indestructible at the moment, and ASX gold stocks were again top of the pops today.
There were several important stock specific moves of note, and for more on these and everything else which happened on the Aussie market today...
Let's dive in!

 
Market Index - Tuesday Morning Wrap

ASX 200 futures are trading 36 points higher, up 0.45% as of 8:30 am AEST.

Major US benchmarks finished flat overnight ahead of key inflation data later this week, gold prices settle at another all-time high but shares in gold miners eased, Bitcoin prices add another 3% overnight and within an arms reach of recent highs, Ansell receives a number of broker upgrades following its $400m capital raise to acquire Kimberly-Clark's businesses and the ASX is set to open higher on Tuesday after falling 1.3% in the past week.
Let's dive in.

 
Market Index - Tuesday Evening Wrap

The S&P/ASX 200 closed 35.1 points higher, up 0.45%.

Would you call this a straight or a full house?
Iron ore up. Aluminium, copper, nickel, lead, tin, zinc up. Gold and silver up. Lithium up.
It doesn't get any better than this for our mining sector! It's no surprise, therefore, that today's best ASX performers list is dominated by companies which dig stuff out of the ground.
Outside of the magnificent mining sector, however, it was a rather mixed performance with roughly as many stocks rising as falling – despite the benchmarks 35 points gain.
Let's dive in!

 
Market Index - Tuesday Evening Wrap

The S&P/ASX 200 closed 35.1 points higher, up 0.45%.

Would you call this a straight or a full house?
Iron ore up. Aluminium, copper, nickel, lead, tin, zinc up. Gold and silver up. Lithium up.
It doesn't get any better than this for our mining sector! It's no surprise, therefore, that today's best ASX performers list is dominated by companies which dig stuff out of the ground.
Outside of the magnificent mining sector, however, it was a rather mixed performance with roughly as many stocks rising as falling – despite the benchmarks 35 points gain.
Let's dive in!

a drop in the US dollar ( on the real value level )😉
 
Market Index - Wednesday Morning Wrap

ASX 200 futures are trading 24 points higher, up 0.30% as of 8:30 am AEDT.

The S&P 500 and Nasdaq inched higher overnight ahead of another high stakes CPI print, gold and copper prices continued to trend higher overnight, lithium and rare earth stocks are trying to bottom as prices for the underlying commodity improve, brokers upgrade Ansell after its recent $400 million capital raise and everything you need to know about tonight's US inflation report.
Let's dive in.

 
Market Index - Wednesday Evening Wrap

The S&P/ASX 200 closed 20.6 points higher, up 0.26%.

Stronger prices of iron ore, copper, nickel, tin, and lithium helped the resources sector to some healthy gains today.
On the topic of healthy, the Healthcare sector also performed strongly as did the Property sector which prospered on a modest pullback in market yields.
In the losers column, Information Technology stocks, which are finding themselves in said column far too often lately for my liking! Gold stocks also pulled back despite the gold price hovering near record highs.
Let's dive in!

 
Market Index - Thursday Morning Wrap

ASX 200 futures are trading 65 points lower, down -0.83% as of 8:30 am AEST.

Major US benchmarks fell sharply after the hotter-than-expected inflation reading, bond yields spiked to multi-month highs, the market is now expecting only two rate cuts this year (down from a peak of seven in early January), Fitch downgrades China's debt outlook over economic uncertainty and the real estate sector is in for a tough one on Thursday.
Let's dive in.

 
Market Index - Thursday Evening Wrap

The S&P/ASX 200 closed 34.9 points lower, down 0.45%.

Bullet partially dodged today. We ended with a 35 point loss versus a 62 point drop at the open.
What fired the bullet? A miss in US CPI and a resultant 0.178% increase in market yields overnight – stocks hate higher rates. Worse, forget bullets, 2024 rate cuts were almost completely torpedoed...
What saved us? Higher base and precious metals prices and some better than expected inflation data (ironically) out of China.
It was a super, super interesting day on the ASX today, so...
Let's dive in!

 
Market Index - Friday Morning Wrap

ASX 200 futures are trading 29 points lower, down -0.37% as of 8:30 am AEST.

The Nasdaq recovers all of yesterday's inflation-fuelled weakness while the Dow continued to edge lower, US producer prices came in softer-than-expected in March, gold rallies to yet another all-time high and Apple is planning a major overhaul to its Mac lineup.
Let's dive in.

 
Sorry forgot about this tonight

Market Index - Friday Evening Wrap

The S&P/ASX 200 closed 25.5 points lower, down 0.33%.

In many ways it was a soggy end to the week, with the benchmark S&P/ASX 200 logging consecutive losses to pare back Monday-Wednesday's gains to just 15 points.
But, as was the case most days this week, beneath the surface of a mundane benchmark were some rampaging moves in commodities stocks. They took turns, with iron ore, copper, and even lithium stocks getting a run at some point.
But consistently strong, were gold stocks – no surprise given the gold price continues to hover around record highs. Today, they were joined by uranium stocks, which were to say the least, magnificent.
Let's dive in!

 
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