Australian (ASX) Stock Market Forum

Tomorrow's trading on the ASX?

ASX 200 futures are trading 102 points lower....

Stocks are going to open lower today after the US jobs report missed economists' expectations. The 142,000 figure was well below the median expectation of 165,000. Even though the unemployment rate ticked down to 4.2% for technical reasons, investors were still left spooked by the real possibility the Fed will start cutting rates one meeting too late.
Another reason stocks will also trade lower is that CSL, among others, will trade ex-dividend today
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there , that didn't hurt that much
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The S&P/ASX 200 closed 25.3 points lower, down 0.32%.

"It could have been worse" is the takeaway from today's trade on the Australian share market, certainly, given leads from overseas stocks and commodities were uninspiring on Friday to say the least....
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there , that didn't hurt that much
View attachment 183964
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The S&P/ASX 200 closed 25.3 points lower, down 0.32%.

"It could have been worse" is the takeaway from today's trade on the Australian share market, certainly, given leads from overseas stocks and commodities were uninspiring on Friday to say the least....
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now US Futures well into the green, certainly not what was expected
 
The S&P/ASX 200 closed 23.8 points higher, up 0.30%.

It wasn't pretty. We gave up the majority of the day's gains by the close, but a gain is a gain.
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... but click on, and read the retraction. Ouch. Journalism and lawyers!?
 
The S&P/ASX 200 closed 23.8 points higher, up 0.30%.

It wasn't pretty. We gave up the majority of the day's gains by the close, but a gain is a gain.
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... but click on, and read the retraction. Ouch. Journalism and lawyers!?
Agreed, CBA got hammered after the Chinese Data. CBA went from a high of $145.24 to a low of $143.19 giving up all its gains and back to close at $143.77 in the space of 2 hours and 30 minutes.

US Futures went RED during this time and now back to GREEN

I didn’t think the Chinese Data was that bad. It’s common knowledge the Chinese Economy is still struggling, so the data was mostly inline
 
The S&P/ASX 200 closed 24.0 points lower, down 0.30%.

Do you believe in miracles? I would have said prior to today that's exactly what it would take to arrest the nearly 2-year long withering slide in the ASX lithium sector. Today's 10-15% gains almost across the board in that sector might feel like a miracle to many a long suffering Aussie lithium investor.
The reason? A major Chinese battery manufacturer (CATL) has decided to suspend operations at two of its mainland lepidolite mines....
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The S&P/ASX 200 closed 24.0 points lower, down 0.30%.

Do you believe in miracles? I would have said prior to today that's exactly what it would take to arrest the nearly 2-year long withering slide in the ASX lithium sector. Today's 10-15% gains almost across the board in that sector might feel like a miracle to many a long suffering Aussie lithium investor.
The reason? A major Chinese battery manufacturer (CATL) has decided to suspend operations at two of its mainland lepidolite mines....
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CBA got slaughtered today 😳 constant selling from the open.

US CPI tonight, let’s hope that this was all positioning before the event.

Otherwise I am not looking forward to the market tomorrow
 
ASX 200 futures are trading 50 points higher, up 0.62%..

Major US benchmarks opened sharply lower but V-shaped their way to session highs, US core inflation comes in slightly hotter-than-expected amid stubborn shelter prices and several commodities tick higher...
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and let it rip
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The S&P/ASX 200 closed 87.8 points higher, up 1.1%.

All eleven major sectors closing with gains, and most of those with gains in excess of 1%. Certainly, positive leads from US equities helped, but throw in left-field news shots of adrenaline for lithium and uranium stocks within the space of 24 hours
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here we go (A Gain)
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ASX 200 futures are trading 45 points higher, up 0.55%.

US markets higher on the back of growing expectations of a 50 bp Fed rate cut, the ECB cuts interest rates by 25 bps to 3.5% amid weak Eurozone growth, gold prices surge to a fresh all-time high of over US$2,550 an ounce, nickel stocks continued to trend higher overnight after Putin's remarks and the ASX to test all-time highs on Friday.
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here we go (A Gain)
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ASX 200 futures are trading 45 points higher, up 0.55%.

US markets higher on the back of growing expectations of a 50 bp Fed rate cut, the ECB cuts interest rates by 25 bps to 3.5% amid weak Eurozone growth, gold prices surge to a fresh all-time high of over US$2,550 an ounce, nickel stocks continued to trend higher overnight after Putin's remarks and the ASX to test all-time highs on Friday.
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Markets Up, Resources Up and Financials down????… is this the start of sector rotation or positioning before the US FED interest rate decision???
 
Markets Up, Resources Up and Financials down???? … is this the start of sector rotation or positioning before the US FED interest rate decision???
anything is possible...

and the summary from last night

The S&P/ASX 200 closed 24.2 points higher, up 0.30%.
Aussie shares closed out a tricky week on a golden note today with a +5% surge in the ASX Gold Sub-Sector (XGD).

At 8099.9, the benchmark S&P/ASX 200 is now just 48.8 points or 0.6% away from setting a new record high. Not bad considering last month's mini-correction, and this month's global economic growth concerns.
 
open up
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ASX 200 futures are trading 16 points higher, up 0.19%.

The S&P 500 and Nasdaq posted its strongest week of 2024, the 25 vs. 50 bp cut debate rages on, Oracle flags a massively upbeat earnings outlook, gold prices hit another fresh all-time high, Nine and Tabcorp are considering divesting business segments and the ASX 200 is set to open near all-time highs...
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open up
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ASX 200 futures are trading 16 points higher, up 0.19%.

The S&P 500 and Nasdaq posted its strongest week of 2024, the 25 vs. 50 bp cut debate rages on, Oracle flags a massively upbeat earnings outlook, gold prices hit another fresh all-time high, Nine and Tabcorp are considering divesting business segments and the ASX 200 is set to open near all-time highs...
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Think I will stay out of the Market until after the FED Rate decision 😎
 
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