Australian (ASX) Stock Market Forum

Tomorrow's trading on the ASX?

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Someone had it wrong saying ASX to rise when every other site said it will be down....is it possible they mean it'll be green by close?
 
eskys said:
Someone had it wrong saying ASX to rise when every other site said it will be down....is it possible they mean it'll be green by close?
Click to expand...
maybe , but it was a longish ( but wavering ) rally up to yesterday's close

47 points is a big recovery but not impossible ( to break even ) but if even or positive , does that make tomorrow extra nervous ?
 
divs4ever said:
maybe , but it was a longish ( but wavering ) rally up to yesterday's close

47 points is a big recovery but not impossible ( to break even ) but if even or positive , does that make tomorrow extra nervous ?
Click to expand...
Looks like a very long shot, divs. All Ords getting redder by the hour. Wondering where MI gets their data from.
 
eskys said:
Someone had it wrong saying ASX to rise when every other site said it will be down....is it possible they mean it'll be green by close?
Click to expand...
I always take market predictions with a grain of salt, there must have been some bad half year reports grouped with the RBA data of no IR cut. The sheep are all scampering to take profits off the table.
 
TimeISmoney said:
I always take market predictions with a grain of salt, there must have been some bad half year reports grouped with the RBA data of no IR cut. The sheep are all scampering to take profits off the table.
Click to expand...
That's why it's important to get news from different sites as far as I'm concerned.

We're human, make mistakes....from time to time, I become so foggy I've no idea if I'm Arthur or Martha.
 
Market Index - Thursday Evening Wrap

The S&P/ASX 200 closed 82.9 points lower, down 1.06%.

A series of worse than expected trading updates has hobbled consumer stocks like Baby Bunting (BBN), Temple & Webster (TPW), Super Retail Group (SUL), and JB Hi-Fi (JBH).
Banks were dragged lower by a combination of Westpac's (WBC) ed-dividend (harmless) and Commbank's (CBA) disappointing Q3 update (less harmless).
Somehow, don't ask me how or why, lithium stocks continue their recent resurgence. Who would have thought it!?
Let's dive in!

www.marketindex.com.au

Evening Wrap: ASX 200 lower as consumer stocks dumped and CBA disappoints, lithium stocks resurgence continues

Worse than expected trading updates hobbled consumer stocks like Baby Bunting (BBN), Temple & Webster (TPW), and Super Retail Group (SUL). Banks were dragged lower by Commbank's disappointing Q3 update. The resurgence in lithium stocks continues.
www.marketindex.com.au www.marketindex.com.au
 
Market Index - Friday Evening Wrap

The S&P/ASX 200 closed 27.4 points higher, up 0.36%.

It was a relatively quiet end to what will go down as a very good week for Aussie investors. Look at a chart of the S&P/ASX 200 and you'll see this week's gain couldn't have come at a better time, as the price of the benchmark was teetering in the wake of April's sharp correction.
Resources stocks were again in focus today, as increases in the prices of crude oil, natural gas, gold, and silver stoked big gains in each of those areas of the market. Uranium stocks bounced back nicely after their pullback yesterday.
For all of the key moves, news, and analysis...
Let's dive in!

www.marketindex.com.au

Evening Wrap: ASX 200 closes out solid recovery week with another gain as energy, uranium, and gold stocks star

Resources stocks were again in focus today, as increases in the prices of crude oil, natural gas, gold, and silver stoked big gains in each of those areas of the market. Uranium stocks bounced back nicely after their pullback yesterday.
www.marketindex.com.au www.marketindex.com.au
 
Market Index - Monday Morning Wrap

ASX 200 futures are down 15 points to 7,765, as of 8:20am AEST.

Equities were firmer and bond yields edged higher ahead of this week’s key economic data. The April jobs report for Australia, US inflation data, and the Federal Budget are all in focus. Meanwhile, a quiet record of sorts was reached on Friday - the Dow Jones is now up eight sessions in a row and last week was the index's best week for 2024.
European stocks also hit record highs, with the UK benchmark leading the way thanks to data which confirmed the UK has exited recession. Finally, gold has extended its gains again - will anything stop the yellow metal?
Let's dive in.

www.marketindex.com.au

Morning Wrap: ASX 200 to edge lower, Dow posts best week of 2024, gold eyes best performance in five weeks

Equities were firmer and bond yields edged higher ahead of this week’s key economic data. The April jobs report for Australia, US inflation data, and the Federal Budget are all in focus. Meanwhile, a quiet record of sorts was reached on Friday - the Dow Jones is now up eight sessions in a row...
www.marketindex.com.au www.marketindex.com.au
 
Market Index - Monday Evening Wrap

The S&P/ASX 200 closed 1 point higher, up 0.01%.

A relatively quiet day on the Australian share market today, but given recent volatility, and given we dragged ourselves off the lows of the day to close at the high of the session – not an entirely terrible session at all.
There wasn't a great deal going on at the top end of town, but there's always plenty going on in the small-cap miners, particularly in manganese, copper, and the occasional lithium play.
As always, we have all the details in our Movers lists, so...
Let's dive in!

www.marketindex.com.au

Evening Wrap: ASX 200 flat as consumer stocks prosper, energy and tech stocks slump

There wasn't a great deal going on at the top end of town, but there's always plenty going on in the small miners, particularly in manganese, copper, and the occasional lithium play.
www.marketindex.com.au www.marketindex.com.au
 
Market Index - Tuesday Morning Wrap

ASX 200 futures are down 8 points to 7,776, as of 8:25am AEST.

Stocks are expected to start Tuesday's session lower, following a mixed lead from Wall Street. Equity investors are eyeing some key moves in the commodities market - chief among them, copper prices hitting a fresh two-year high.
And speaking of copper, BHP has revealed that Anglo American has turned down its revised takeover offer of nearly US$43 billion. For macro investors, all eyes will turn to tonight's Budget and what will likely be a $9 billion surplus.
Let's dive in.

www.marketindex.com.au

Morning Wrap: ASX 200 to edge lower, copper prices hit two-year highs, Anglo American rejects BHP's revised offer

Stocks are expected to start Tuesday's session lower, following a mixed lead from Wall Street. Equity investors are eyeing some key moves in the commodities market - chief among them, copper prices hitting a fresh two-year high. And speaking of copper, BHP has revealed that Anglo American has...
www.marketindex.com.au www.marketindex.com.au
 
Market Index - Tuesday Evening Wrap

The S&P/ASX 200 closed 23.2 points lower, down -0.30%.

Investors hit the PAUSE button ahead of the release of the Federal Budget this evening.
Consumer discretionary rose on the back of a big jump in GUD Holdings (+12.2%) – it received plenty of love from the big brokers following its investor day presentation and FY24 guidance update (see Broker Moves).
Industrials and property were the worst performing sectors as several companies are taking a beating after worse than expected FY24 profit guidance updates.
As always, there's plenty going on under the surface of the mining sector – today, some nice pops in several critical minerals miners and developers. Investors are likely making some modest bets on some goodies for these companies in tonight's budget.
Let's dive in!

www.marketindex.com.au

Evening Wrap: ASX 200 on pause ahead of Federal Budget, critical minerals and consumer stocks pop on hopes goodies are coming their way

Some nice pops today in several critical minerals miners and developers as well as consumer stocks. Investors are betting on some goodies for these companies in tonight's Federal Budget.
www.marketindex.com.au www.marketindex.com.au
 
Market Index - Wednesday Morning Wrap

ASX 200 futures are up 36 points, or +0.46%, as of 8:20am AEST.

In some respects, the week really starts tonight with US inflation and retail sales data. Fed Chair Jerome Powell has already signalled that inflation has been higher than previously thought and that he expects rates to remain steady.
On the local front, the Federal Budget will put the miners in focus today after it was confirmed that $24 billion will be given to the sector over the next decade. Look out for names like Fortescue, Mineral Resources, IGO, Pilbara Minerals, Liontown Resources, the uranium miners, and even conglomerates like Wesfarmers who have exposure to this megatrend.
Let's dive in.

www.marketindex.com.au

Morning Wrap: ASX 200 to rise, miners in focus following Federal Budget, GameStop shares close 60% higher

In some respects, the week really starts tonight with US inflation and retail sales data. Fed Chair Jerome Powell has already signalled that inflation has been higher than previously thought and that he expects rates to remain steady. On the local front, the Federal Budget will put the miners...
www.marketindex.com.au www.marketindex.com.au
 

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