Australian (ASX) Stock Market Forum

Tomorrow's trading on the ASX?



Australia's third largest lender by market value Westpac $WBC reported net profit attributable of $6.99 billion for the year ended September 30, compared with $7.20 billion reported last year and an LSEG estimate of $6.50 billion. #ausecon #auspol
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CommSec

@commsec
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Westpac Banking Corp $WBC reported a 3% fall in annual profit on Monday, due to rising costs and intense competition in the mortgage market, while it increased its buyback program by an additional $1 billion. #ausecon #auspol

wrong thread too much clutter .. put in Westpac
 
slept in
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The S&P/ASX 200 closed 45.8 points higher, up 0.56%.

This is going to be one of the most dangerous weeks for stocks in 2024. Three central bank meetings (including one here and one in the USA), as well as the small matter of the US presidential election are on tap for investors.

Granted, those central bank interest rate moves are largely anticipated, but post-meeting press conference rhetoric could still create substantial volatility in markets...
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ASX 200 futures are trading 34 points lower, down 0.41%.

Major US benchmarks finished lower in a session marked by caution ahead of the US election as well as the Fed's interest rate decision and China's NPC meeting, oil prices rallied after the OPEC delayed its production cut while the local sharemarket is expected to see dampened risk appetite as investors brace for a volatile week.
Let's dive in.
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The S&P/ASX 200 closed 32.8 points lower, down 0.40%.

All 11 of the major ASX sectors plus the Gold sub-index were down today – but only the gold sector fell by more than one percent.
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ASX 200 futures are trading 55 points higher, up 0.67%

Buckle up – Major US benchmarks rallied and closed near best levels as investors positioned for election results, which will begin flowing through around 11 am AEDT. The ASX 200 is set to follow and open higher but the local sharemarket has historically averaged a 1.8% intraday range on US election days
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The S&P/ASX 200 closed 67.7 points higher, up 0.83%.

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and this is how it went...
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Today's ASX winners and losers were clearly delineated: Perceived Trump-win beneficiaries vs Perceived Trump-win losers.
Trump-win beneficiaries include those stocks with large US sourced earnings, as a Trump presidency and what looks likely to be a Congressional sweep, is perceived to be more bullish than any form of Harris win.
Losers, mining and energy stocks took a hit (Hint: those invested in battery metals stocks might prefer NOT to...).

 
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The S&P/ASX 200 closed 67.7 points higher, up 0.83%.

..
and this is how it went...
View attachment 187456

Today's ASX winners and losers were clearly delineated: Perceived Trump-win beneficiaries vs Perceived Trump-win losers.
Trump-win beneficiaries include those stocks with large US sourced earnings, as a Trump presidency and what looks likely to be a Congressional sweep, is perceived to be more bullish than any form of Harris win.
Losers, mining and energy stocks took a hit (Hint: those invested in battery metals stocks might prefer NOT to...).

It will be interesting to see how the market reacts tomorrow at opening here,
 
ASX 200 futures are trading 31 points higher, up 0.37%.

What a wild overnight session – Major US benchmarks surged to record levels, the Russell 2000 added an unprecedented 5.8%, bond yields and the US dollar surged on Trump deficit, wage and inflation concerns, commodity prices sold off sharply and NAB reported a solid FY24 result this morning
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ASX 200 futures are trading 31 points higher, up 0.37%.

What a wild overnight session – Major US benchmarks surged to record levels, the Russell 2000 added an unprecedented 5.8%, bond yields and the US dollar surged on Trump deficit, wage and inflation concerns, commodity prices sold off sharply and NAB reported a solid FY24 result this morning
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Looking at my Watchlist and the ASX graph, it would appear that we are not aligned to the Wally Street's overnight surge!!!!!
 
a bit of equivocation today

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Evening Wrap: ASX 200 gains as Trump trade rewards US earners, higher yield winners, but torches gold and renewables stocks

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a bit of equivocation today

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Evening Wrap: ASX 200 gains as Trump trade rewards US earners, higher yield winners, but torches gold and renewables stocks

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I was amazed that while gold crashed, fmg jumped higher in light of a supposedly big trade war with China:
FMG, pure iron, with one customer ..china
WTF😂
Bhp rio why not..
 
woo-woo

ASX 200 futures are trading 100 points higher, up 1.21%.

Global markets continued to climb higher overnight following 25 bp rate cuts from both the Federal Reserve and Bank of England, Trump's victory attracted substantial US ETF inflows (~16 times daily average), commodities including copper and aluminium bounced strongly overnight, Block shares set to tumble on poor 2025 earnings outlook commentary and ANZ reports a mixed FY24 result.
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Market Index - Friday Evening Wrap

The S&P/ASX 200 closed 68.8 points higher, up 0.84%.

What a day and what a week! It just got better and better, and Aussie stocks are back within a whisker of a record high.
The Trump Trade, hopes of more China stimulus, rate cuts from the US Federal Reserve. Can it possibly get any better? I guess we'll find out next week.
But for everything you need to know about today's ASX trade...
Click/scroll through for the usual reporting of the major sector and stock-specific moves, the broker responses to them, as well as all of the key upcoming economic data in tonight's Evening Wrap.
Also, I have detailed technical analysis on the S&P/ASX 200 and Bond Yields in today's ChartWatch.
Let's dive in!

 
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