Tomorrow's trading on the ASX?

[debtfree]

Market Index - Monday Morning Wrap

ASX 200 futures are trading 16 points lower, down -0.20% as of 8:20 am AEDT.

The S&P 500 and Nasdaq ticker lower last Friday as market bellwether Nvidia fell for a second straight session, commodities including gold and copper sold off sharply, US manufacturing and services activity rebounded in June, Australian supermarkets could face massive fines under stricter codes and Webjet lays out plans to demerge its B2C business.
Let's dive in.

Morning Wrap: ASX 200 to slip, S&P 500 lower on Nvidia weakness + Copper, gold stocks to fall

ASX 200 futures are trading 16 points lower, down -0.20% as of 8:20 am AEDT.

www.marketindex.com.au

 

[debtfree]

Market Index - Monday Evening Wrap

The S&P/ASX 200 closed 62.3 points lower, down 0.80%.

Ever since the 80's, the general consensus has been that Mondays suck.
Sir Bob said he doesn't like them, New Order called them blue, and Madonna, manic.
The last three starts to the week for the ASX have been terrible (one was a Tuesday because of a public holiday, but please don't let this get in the way of my rant!).
Today, 62.3 points of last week's hard earned gains were wiped off the benchmark, and when you see the intraday chart, you'll see it was done without putting up a hint of a fight.
Energy and Resources were at it again, leading sector losses, as the share prices of uranium and lithium stocks continued to dissolve - the latter on a complete capitulation in a key lithium futures contract.
But there were few areas of the market that didn't concede defeat today. There were some cracking stock specific goings on, however, with big gains for retailers Myer Group (MYR) and Premier Investments (PMV) on news of a potential tie up of several of their respective major brands.
Contrast this against a massive fall for luxury goods retailer Cettire (CTT) after it confessed to a big drop in FY24 profits, and a not-as-big-but-still-nasty drop in Resmed (RMD) after positive results on obesity drugs in the US.
Let's dive in!

Evening Wrap: ASX 200 dips as uranium, lithium, gold stocks tank, Myer and Premier rise on tie-up, Cettire and RMD plunge

The ASX 200 dipped as uranium, lithium, gold stocks suffered further losses. News that Myer and Premier Investments might tie-up their apparel brands sent both soaring, while Cettire and Resmed plunged on bad news for each.

www.marketindex.com.au

 

[debtfree]

Market Index - Tuesday Morning Wrap

ASX 200 futures are trading 36 points higher, up 0.46% as of 8:30 am AEST.

Major US benchmarks finished mixed as tech weakness was offset by strength across value and cyclicals, Nvidia marks its worst three day selloff since December 2022, ResMed shares nosedive on weight-loss drug trial results, Paladin Energy is set to acquire Fission Uranium in a major all-stock deal and James Hardie shares rally overnight on aspirational US growth targets.
Let's dive in.

Morning Wrap: ASX 200 to open higher as cyclicals and value shine, S&P 500 lower as Nvidia slides

ASX 200 futures are trading 36 points higher, up 0.46% as of 8:30 am AEST.

www.marketindex.com.au

 

[eskys]

Tonight's futures green, Europe too except for the French.

Nikkei and Hang Seng a bit erratic today..........for a change, our materials and energy are green after a hard time...nearly end of June

 

[BossMan.]

for a change, our materials and energy are green after a hard time

I had to check twice to make sure it was actually green, looks like we have found the bottom (famous last words).

 

[eskys]

I had to check twice to make sure it was actually green, looks like we have found the bottom (famous last words).

I'd like to think that too, would be very nice for a turnaround

 

[debtfree]

Market Index - Tuesday Evening Wrap

The S&P/ASX 200 closed 105.1 points higher, up 1.32%.

Cop that!
We might have lost the cricket this morning, and leads from the US were equally lousy, but Aussie shares were having none of it today.
+105 points to the better, a substantially broad based move (3.5 risers for each faller), and a close that was smack-bang on the high of the day.
=
Each factor is a strong endorsement of the current, albeit tediously vacillating, bull market. We're now just 72 points from a new record high and I've got the technicals for the ASX 200 (as well as the Nasdaq and uranium futures) for you in today's ChartWatch.
You'll also find all the key details of today's big move, including good news – finally a rally in beaten down lithium and battery materials stocks.
Let's dive in!

Evening Wrap: ASX 200 scores a century, now within reach of a record as energy and mining stocks finally rebound

Finally. It had to happen sometime between today and the end of time immortal: Energy (XEJ) (+2.2%) and Resources (XJR) (+1.9%) were the two best performing sectors today. Lithium and battery metals finally rebounded.

www.marketindex.com.au

 

[Dona Ferentes]

nice run all day

 

[debtfree]

Market Index - Wednesday Morning Wrap

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

The S&P 500 and Nasdaq snapped a three-day losing streak after Nvidia bounced 6.7%, Canada's hotter-than-expected inflation data dampens July rate cut bets, Virgin Australia could go public as soon as Christmas and Goldman Sachs initiates coverage of Bellevue Gold.
Let's dive in.

Morning Wrap: ASX 200 to fall ahead of May inflation data, S&P 500 and Nasdaq snap 3-day decline

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

www.marketindex.com.au

 

[eskys]

Our graph is heading south after:

A closely watched measure of Australian core or underlying inflation, the trimmed mean, climbed to an annual 4.4% in May from 4.1% in April. The CPI excluding volatile items and holiday travel dipped to 4.0% in May from 4.1% in April









CommSec

@commsec
·
8m
The monthly headline Australian consumer price index (CPI) rose at an annual pace of 4.0% in May, up from 3.6% in April and well above market estimates of 3.8%. The CPI dipped 0.1% in May from April, but that compared to a 0.4% fall in the same month last year.

 

[debtfree]

Market Index - Wednesday Evening Wrap

The S&P/ASX 200 closed 55.8 points lower, down 0.71%.

I know, I know.
I jinxed it yesterday.
I got all excited and I mentioned the "record" word. As in, we were only 72 points away from making a new one.
Add another 55.
Sorry. It won't happen again.
What happened today?

• Worse than expected CPI (inflation) data.
• Good news for lithium investors, prices in China are bouncing
• Bad news for gold and uranium investors (prices of those two are falling)

For these bullet points and everything else...
Let's dive in!

Evening Wrap: ASX 200 stumbles on CPI shocker, finally something for lithium investors to cheer, but gold, uranium stocks tank

The ASX 200 stumbled on worse than expected CPI (inflation) data. Good news for lithium investors, prices in China are bouncing, but the price of gold and uranium are heading the other way - causing stocks to stocks sink.

www.marketindex.com.au

 

[Dona Ferentes]

as well, today some 36 companies trade ex-distribution, including real estate investment trusts (REITS)

 

[debtfree]

Market Index - Thursday Morning Wrap

ASX 200 futures are trading 89 points lower, down 1.10% as of 8:30 am AEST.

Major US benchmarks ticked higher amid renewed momentum for tech stocks, lithium stocks rallied overnight as Chinese lithium futures spike on supply concerns, the market now expects the RBA to hike over the next two meetings and a long, long list of stocks, REITs and funds are trading ex-dividend over the next three days.
Let's dive in.

Morning Wrap: ASX 200 to tumble, S&P 500 ticks higher + 67 stocks and ETFs trade ex-dividend

ASX 200 futures are trading 89 points lower, down 1.10% as of 8:30 am AEST.

www.marketindex.com.au

 

[debtfree]

Market Index - Thursday Evening Wrap

The S&P/ASX 200 closed 23.4 points lower, down 0.30%.

Rising market yields hobbled property stocks, but the broader market managed to largely dodge the fallout from yesterday's CPI bullet.
Tech stocks followed their US counterparts higher, and lithium's rally extended into a second day (depending one which lithium stock you're talking about...).
On that note, I have the latest in the charts for a key lithium futures contract, as well as the S&P/ASX 200, plus all the usual big moves and broker updates.
Let's dive in!

Evening Wrap: ASX 200 dodges inflation bullet, just, as property stocks sell-off deepens, lithium bounce steepens

Rising market yields hobbled property stocks, but the broader market managed to largely dodge the fallout from yesterday's CPI bullet. Tech stocks followed their US counterparts higher and lithium's rally extended into a second day.

www.marketindex.com.au

 

[debtfree]

Market Index - Friday Morning Wrap

ASX 200 futures are trading 26 points higher, up 0.33% as of 8:30 am AEST.

The local sharemarket is set to bounce and extend the strong reversal from Thursday (finished -0.30% from session lows of -1.65%).
Major US benchmarks ticked higher overnight as the market awaits key PCE inflation data and the presidential debate.
Let's dive in.

Morning Wrap: ASX 200 to bounce, S&P 500 flat, Treasurer approves ANZ-Suncorp deal

ASX 200 futures are trading 26 points higher, up 0.33% as of 8:30 am AEST.

www.marketindex.com.au

 

[debtfree]

Market Index - Friday Evening Wrap

The S&P/ASX 200 closed 7.9 points higher, up 0.10%.

After all that was said, done, bought and sold – the Aussie stock market went out with a whimper today. We ceded over two-thirds of our mid-morning gain of 59 points, and in the end, there were roughly the same number of stocks rising as falling.
Was it a final and savage bout of tax loss selling that hobbled even further a swathe of beaten down names in lithium and battery materials? I guess we’ll know on Monday if they happen to bounce back...
Of course, it might also have something to do with the generally deteriorating earnings outlook for these companies, and in turn, that this is causing greater supply than demand for said companies' shares!?
Elsewhere, gold stocks bounced back as the gold price rallied, technology continued to be dragged higher by the Nasdaq, and the defensiveness of health care stocks continued to be appreciated by fund managers who must be invested – but are also frightened by the local- and macroeconomic backdrop.
For the last time this financial year (big sigh!)…
Let's dive in!

Evening Wrap: ASX 200 bumbles way to EOFY as gold, tech, and health care lead, tax loss selling hobbles lithium stocks

After all that was said, done, bought and sold, the Aussie stock market went out with a whimper today. A final and savage bout of tax loss selling smashed lithium and batter materials stocks. Gold, tech, and health care were stronger.

www.marketindex.com.au

 

[debtfree]

Market Index - Monday Morning Wrap

ASX 200 futures are trading 35 points lower, down -0.45% as of 8:30 am AEST.

Major US benchmarks gave back early gains to finish lower last Friday, Nike posted a dismal FY25 guidance and triggered the stock's worst-ever drop, the Fed's preferred inflation measure decelerated in May, voters turn out in record numbers in France's high stakes snap election and July has historically been the best performing month of the year for Aussie equities.
Let's dive in.

Morning Wrap: ASX 200 to kick off FY25 in red, S&P 500 gives back early gains

ASX 200 futures are trading 35 points lower, down -0.45% as of 8:30 am AEST.

www.marketindex.com.au

 

[debtfree]

Market Index - Monday Evening Wrap

The S&P/ASX 200 closed 16.8 points lower, down 0.22%.

Call it unwinding of tax loss selling, associated bargain hunting, start of the new FY portfolio adjustment – or just the usual ASX shenanigans…you’re still going to get the same result!
Let's dive in!

Evening Wrap: ASX 200 dips on unwind of EOFY fund moves as resources, energy and property prosper at tech, health's expense

Call it unwinding of tax loss selling, associated bargain hunting, start of the new FY portfolio adjustment – or just the usual ASX shenanigans…you’re still going to get the same result!

www.marketindex.com.au

 

[debtfree]

Market Index - Tuesday Morning Wrap

ASX 200 futures are trading 24 points lower, down -0.31% as of 8:30 am AEST.

Major US benchmarks continued to tick higher on big tech strength, coal stocks rallied after a major mine outage and rail incident, US manufacturing data falls more than expected and a few interesting insights about what to expect in the second half of the year.
We've also introduced a new little section, so the second half will feature: 'ASX Today' (announcements) and 'What to Watch Today' (sectors, catalysts and analysis).
Let's dive in.

Morning Wrap: ASX 200 to fall, S&P 500 ticks higher, Energy and Coal stocks in focus

ASX 200 futures are trading 24 points lower, down -0.31% as of 8:30 am AEST.

www.marketindex.com.au

 

[Dona Ferentes]

and ...
The RBA’s latest meeting minutes will be released at 11.30am. Ahead of the minutes, market data from ANZ shows traders are pricing a 70 per cent chance of a rate hike from Australia’s central bank before the end of the year