Australian (ASX) Stock Market Forum

Tomorrow's trading on the ASX?

Market Index - Tuesday Evening Wrap

The S&P/ASX 200 closed 21.6 points lower, down 0.28%.

A quiet and listless day for the ASX.
It seems without a lead from our cousins in the USA we really have no idea what to do. 🤷
There were a few stock-specific news related items, however, including the Boss Energy (BOE) directors' sell-down. For all of these, and updates on the usual gyrations in Aussie stocks...
Let's dive in!

 
Market Index - Wednesday Morning Wrap

ASX 200 futures are trading 46 points lower, down -0.59% as of 8:30 am AEST.

Nvidia powered the Nasdaq to a fresh all-time high while the rest of the US market finished mixed, several commodities including gold, copper and aluminium continued to tick higher, Apple's China iPhone sales surge 52% on heavy discounting, Elon Musk's xAI raises US$6 billion in bid to take on OpenAI and Australian CPI data is due at 11:30 am.
Let's dive in.

 
Market Index - Wednesday Evening Wrap

The S&P/ASX 200 closed 101.1 points lower, down 1.30%.

Normally when someone gets a 100 there's cheers and celebrations, raising of bats, kissing of badges on helmets etc. Hopefully we see a few stonking centuries over the next few weeks in the Caribbean / USA from Maxi, Big Stoin, and Bison over the next few weeks...
And no more of the 100's we witnessed on the ASX today 👎.
Even worse, I bet when you woke up this morning, rolled over and grabbed the phone to check up on US stock indices, you thought today was going to be a good day...
What turned things so horribly on its head for Aussie stocks since then?
April CPI data. It was bad...Very, very bad ⚠️
Let's dive in!

 
Market Index - Wednesday Evening Wrap

The S&P/ASX 200 closed 101.1 points lower, down 1.30%.

Normally when someone gets a 100 there's cheers and celebrations, raising of bats, kissing of badges on helmets etc. Hopefully we see a few stonking centuries over the next few weeks in the Caribbean / USA from Maxi, Big Stoin, and Bison over the next few weeks...
And no more of the 100's we witnessed on the ASX today 👎.
Even worse, I bet when you woke up this morning, rolled over and grabbed the phone to check up on US stock indices, you thought today was going to be a good day...
What turned things so horribly on its head for Aussie stocks since then?
April CPI data. It was bad...Very, very bad ⚠️
Let's dive in!

not that bad .. i bought extra PWR today

retail is dead , don't you know

missed a couple of other targets today as well
 
Market Index - Thursday Morning Wrap

ASX 200 futures are trading 52 points lower, down -0.68% as of 8:30 am AEST.

US stocks fell under the weight of higher yields and uncertainty about the Fed's rate path. All eleven S&P 500 sectors finished in negative territory, with resources leading to the downside.
Let's dive in.

 
Market Index - Thursday Morning Wrap

ASX 200 futures are trading 52 points lower, down -0.68% as of 8:30 am AEST.

US stocks fell under the weight of higher yields and uncertainty about the Fed's rate path. All eleven S&P 500 sectors finished in negative territory, with resources leading to the downside.
Let's dive in.

Perhaps wearing a crash helmet too, might be an advantage.
 
Market Index - Thursday Evening Wrap

The S&P/ASX 200 closed 37.4 points lower, down 0.49%.

It was another tough day at the office for Aussie shares, and an even tougher day for mining stocks. Recent copper high flyers joined lithium, iron ore, and other battery metals stocks at the bottom of the losers list. It wasn't all doom an gloom, however, as Qantas led industrial stocks higher, and fast food companies bolstered the Discretionary sector. The theory on the latter is should interest rates go up, we'll all be eating more KFC and Domino's! We're now three down days in a row, and a nasty 8 out of the last 10. It's starting to get/feel ugly out there, and let's face it, Friday's aren't exactly known for their winning ways...
Let's dive in!

 
Market Index - Thursday Evening Wrap

The S&P/ASX 200 closed 37.4 points lower, down 0.49%.

It was another tough day at the office for Aussie shares, and an even tougher day for mining stocks. Recent copper high flyers joined lithium, iron ore, and other battery metals stocks at the bottom of the losers list. It wasn't all doom an gloom, however, as Qantas led industrial stocks higher, and fast food companies bolstered the Discretionary sector. The theory on the latter is should interest rates go up, we'll all be eating more KFC and Domino's! We're now three down days in a row, and a nasty 8 out of the last 10. It's starting to get/feel ugly out there, and let's face it, Friday's aren't exactly known for their winning ways...
Let's dive in!

@debtfree Shall we rename Fridays "Fright Day"
 
Market Index - Friday Morning Wrap

ASX 200 futures are trading 50 points higher, up 0.65% as of 8:20 am AEST.

Major US benchmarks struggled after Microsoft, Nvidia and Alphabet sold off more than 2%. But luckily for the ASX, we're set to finish the week on a more positive note.
Let's dive in.

 
Market Index - Friday Evening Wrap

The S&P/ASX 200 closed 74 points higher, up 0.96%.

The local sharemarket finished the week on a positive note, pushing May's performance into positive territory, up 0.49%. With Carl away, today's wrap will be pretty brief.
Let's dive in.

 
Market Index - Monday Morning Wrap

ASX 200 futures are trading 38 points higher, up 0.49% as of 8:20 am AEST.

US stocks staged a dramatic rally from session lows to finish May on a more positive note, the Fed's preferred inflation gauge – core PCE – slightly cooled in May, European inflation ticks up more than expected and Deep Yellow is set to join the ASX 200 as Silver Lake Resources merges with Red 5.
Let's dive in.

 

OPEC+ Agrees To Extend Collective Output Cuts Until End Of 2025​




as i read it .. keep production near current levels for longer , not agree to deeper cuts in production

however that is only OPEC+ other producers may move differently
 
The S&P/ASX 200 closed 59 points higher, up 0.77%.
The local sharemarket is now up around 1.7% in the last two sessions but Monday's session was led by major banks, real estate and utility stocks. The ASX 200 Financial's Index has staged an impressive reversal from a near one-month low last Friday, Stanmore Resources rallied after an upgrade from Citi, DroneShield shares soar to another fresh all-time high and China flashes some encouraging PMI data

 
Market Index - Tuesday Morning Wrap

ASX 200 futures are trading 12 points lower, down -0.15% as of 8:30 am AEST.

The S&P 500 and Nasdaq ticked higher thanks to a 4.9% gain from Nvidia, Brent crude tumbled more than 3% overnight and traded below US$80 a barrel for the first time since February, GameStop shares surged after Roaring Kitty reveals $116 million position, overseas markets including Mexico and India swing on election outcomes and a rare earth and titanium explorer is set to list at 11:00 am AEST.
Let's dive in.

 
Market Index - Tuesday Evening Wrap

The S&P/ASX 200 closed 23.9 points lower, down 0.31%.

Live by the sword...You know the next bit.
We love our resources stocks. Mining, energy. Any company that digs stuff out of the ground and sells it for zillions (or is kicking over rocks in the desert somewhere hoping to!)
But it means we, and the local bourse, is subject to the whims of commodity prices. Several key commodities sold off on Monday, and this has put a substantial dent in the share prices of local resources stocks.
The modest 24 point loss on the benchmark S&P/ASX 200 suggests it wasn't all terrible today – and it wasn't if you were in Financial and Consumer Staples companies. (Pretty much the rest was, though, so on that cheery note...)
Let's dive in!

 
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