Market Updates

The Dow had its fifth winning session in a row finishing up 517 points, making it the longest win streak in two months. Solid earnings from US retailers spurred investors into a buying session. SPI Futures are pointing to a 69-point gain. Catch up with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures up 69
• Dow Jones up 517 (1.6%)
• Nasdaq up 306 (2.68%) S&P500 up 79 (1.99%)
• Base metals flat. Oil up 3%
• Gold flat Iron ore down 0.7%
• Retail sales data today. APX sees bidder walk already

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•  ASX 200 falls 49 points to 7106 (0.7%). Late sell off too at close. No real reason, but banks wilted as 10-year yields continue to slip, the Big Bank Basket fell to $186.43 (-0.5%). CBA down 0.7% leading the sector lower. Financials elsewhere also slipping MQG down 0.3% and ASX falling 0.9%. Insurers eased and healthcare fell back a little as CSL down 1.4%, SHL fell 0.9% and RHC down 0.5%. Industrials also under the pump, consumer stocks faring badly, WES down 1.8%, COL down 2.2% and WOW off 2.6%. REITs slipping slightly, GMG up 1.3% bucking the trend. In resources, all sectors fell back, iron ore stocks down, BHP off 0.9% after a blip yesterday, FMG fell 3.7% and the gold miners gave up some recent gains, NCM down 2.5% and NST down 3.4%. Lithium stocks held up with PLS up 1.4% and AKE up 1.4%, oil and gas stocks barely raising a ripple, STO down 1%. Coal stocks on the other hand whacked hard on slowing demand in China despite YAL in a trading halt as its majority owner looks to tidy it up. WHC and NHC hit hard, the latter also with a business update not satisfying the market. In the tech sector all the talk was the bid for APX up 29.2% before heading into a trading halt, WTC rallied 2.4% and CPU up 0.6%. The All-Tech Index up 1.0%. 
• In corporate news, APX in demand on the news, GAL went nuts again on assay results up 49.2%, ALQ up 6.1% on pleasing results, EDV fell 6.0% on its investor day and CRN down 5.6% on its AGM presentation. 
• On the economic front, Private sector capital expenditure contracted 0.3% in the March quarter. Asian markets mixed, Japan down 0.1%, China up 0.5% and HK down 0.7% 

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US markets posted gains overnight, although they were unconvincing.

Catch up on all the action with Chris' Breakfast Briefing.

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• The ASX 200 rose 26 points today to 7155 (+0.4%). A damp end to a steady session, falling 20 points on the match out. A solid day though with banks and resources leading the market higher. BHP added to the gains today as it went ex its oil and gas assets and the share price was reset for index purposes and the stock rose 1.1% on the news, Woodside, now WDS, rose slightly by 0.7%. Gold miners were in demand today as USD falls and rates slip lower, and stagflation is becoming a thing to worry about. NCM up 0.9%, EVN up 3.5% and NST up 2.5%. Lithium stocks a little depressed as other resources took up the baton, PLS down 4.5%, LYC off 2.6% and GRR down 6.5%. Oil stocks better and coal stocks pushed higher again, WHC up 1.7%. 
• Banks were solid. The Big Bank Basket up to $187.33 (+1.2%) with strong safe-haven demand playing to their strengths. Elsewhere other financials slid, SQ2 down 5,5%, ZIP off 2.9% and CGF down 3.32%. Healthcare slipped, CSL down 0.2% as flu shots in focus. Consumer staple stocks rallied, WES up 1.1%, COL up 2.0% and WOW firmed 1.9%. Tech on the nose as usual. XRO down 1.1%, WTC down 3.2% and the All-Tech Index down 2.4%. 
• In corporate news, CGC had a good day up 8.6% following a positive business update. FPH fell 2.3% on results, CHN returned after a $100m raise and fell 6.6%. DVP rose 11.86% on the start of work at Bellevue Gold. Nothing significant on the economic front. Asian markets slightly better. 10-year yields fall to 3.25%.

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Plenty to catch up on overnight as the Dow (+0.15%) rallied into the close following a soft start to finish in positive territory. SPI Futures are pointing toward another muted day of trade, up eight points. 

Get up to speed on all the latest with Henry Jennings Breakfast Briefing.

• ASX 200 SPI Futures up 8 
• Dow up 48 (0.15%) in volatile session.
• Nasdaq snaps lower with 271 point fall (2.4%)
• S&P500 down 32 (0.8%)
• VIX up 3.4%
• Iron ore down 0.9% Oil up 0.1%
• Gold up 1%
• RBNZ to raise rates by 0.5%

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• The ASX 200 drifted around in a tight range today before sliding to close down 20 at 7129 (0.3%). Overnight optimism was snapped shut as social media stocks in the US tumbled after hours. Banks were a bright shining light with the Big Bank Basket up to $185.09 as CBA rose 0.6% and NAB up 1.0%. Insurers drifted lower, MQG down 0.6% and fund managers giving it all away, MFG down 3.4% and GQG off 2.0%. Industrials slipped slightly as tech wrecked again with Snap the culprit this time. WTC lost 3.0%, XRO down 2.3% and the All-Tech Index down 3.0%. BNPL continues to implode with ZIP off 5.4% and SZL down 10.5%. PPH managed to get private equity interested, wing and a prayer and the stock rose 15.6%. Telcos slid with TLS down 1.3% and SEK and REA back in the red. Resources held firm but some selling crept into iron ore stocks with BHP flat and golds off slightly. NCM down 1.6%. Lithium back in favour, PLS up 3.2% and MIN up 1.7% with LTR doing ok, up 2.7%. Oil and gas going nowhere. 
• In corporate news, TAH had its first day as a demerged business with new lottery business TLC kicking off life. NUF had a shocker down 14.6% as Sumitomo exited left after 12 years, CHN in a halt as it raises $100m for Gonneville PFS, and nothing exciting on the economic front today. Meanwhile in Asia markets pushed lower on US futures falling, China down 1.2%, HK down 1.6% and Japan down 0.8%. !0-year yields at 3.32% 

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The Dow had its best session in almost three weeks finishing up 618 points (+1.98%). Positive sentiment in China was the main driver overnight as Beijing plans tax relief of over $21bn. SPI Futures are up 19 points (+0.27%). Catch up with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures up 19 points (0.3%)
• Dow up 618 (2.0%)
• Nasdaq up 181 (1.6%)
• S&_ 500 up 72 points (1.6%)
• Base metals better. Gold up 0.3%
• Oil up 0.8% IO unchanged.
• AUD touching 71c.
• Snap after hours fall 30% Meta down 7%. Snap cuts revenue guidance..US Futures hit.

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•  The ASX 200 rose 3 points to 7149 in cautious trade. After a post -election bump early we saw Asian markets weaken and selling hit banks with the Big Bank Basket down to $184.00 (0.4%) with CBA off 0.1% and NAB down 0.9%. MQG fell 0.8% and insurers dropped slightly, QBE down 1.8%. Fund managers were firm GQG up 8.1%, MFG up 3.0% and AEF rising 3.5%. Healthcare fell slightly as CSL drifted 0.7% lower. REITs were better as rates drifted slightly lower, GMG bucked the trend falling 1.1%. Industrials flat, WOW and COL fell with WES off 1.2% but SEK, CAR and REA firmed slightly. Tech stocks mixed, SQ2 down 2.4% with ZIP down 1.1%, the All-Tech Index up 0.9%. Resources firm but not spectacular, BHP up 1.4%, FMG up 2.8% and lithium stocks mixed. Oil and gas firmed with WPL up 0.5% and WHC sliding 2.1%. 
• In corporate news, great numbers from ELD up 8.9%, IPL is splitting into explosives and fertiliser, down 3.7% and CDA rose 14.5% on reaffirmation of guidance. SGR has a new chair and KAR rose % as it broke off its acquisition talks in Brazil. 
• Nothing on the economic front. Asian markets mixed with China down 1.0%, HK down 1.9% and Japan up 0.7%. 10-year yields steady at 3.30%. 

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SPI Futures are down 15 points following a volatile session in the US on Friday night. The Dow finished up 0.03% on a late rally, the S&P finished up 0.01%, and the NASDAQ took a hit, down 0.3%. Catch up on the latest news over the weekend with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures down 15
• Dow rallies hard in final hour to close up 9 points (0.03%)
• Nasdaq down 34 (0.3%)
• S&P500 up 1.
• Oil up 0.8% Gold up 0.2%
• Iron ore up 6.6% on Chinese rate cut Friday.

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•  The ASX 200 rallied 81 points to 7146(1.2%) as commodity prices firmed overnight and China cut interest rates to stimulate the economy. Banks and miners led the rebound to give the ASX 200 a weekly gain of around 70 points. That’s right the index was up this week. The Big Bank Basket rallied to $184.74 with CBA up 0.8% and NAB shining through up 0.7%. MQG rallied 2.1% with MFG even 2.4% better. Insurers suffered as bond yields fell hard back to below 3.30% on the 10s. Industrials were firm, WES bounced 1.9%, ALL upgraded by brokers had another strong day up 4.3%, TCL rose 0.9% and the tech sector was in demand, SQ2 up 9.9% and WTC rising 2.8% with the All Tech Index up 3.6%. REITs firmed, GMG up 1.2% but the real action was in iron ore miners as BHP rose 2.1% FMG up 3.9% and RIO up 1.5%. Lithium stocks in demand too PLS up 4.4% and AKE rising 5.2%. Gold miners also in demand on better bullion prices, NCM up 2.6% and GOR up 3.5%. Oil stocks missed out despite better crude prices, WPL down 3.8% with a name and code change in the wind as it beds down the BHP deal. Coal stocks better, TER up 14.8% on more debt repayment. 
• In corporate news, CWN takeover was approved, TAH demerger also approved, WOW moved to buy MYD for $243m and CHN flew out of the traps up 19.1% after state forest access granted. 
• Nothing on the economic front but Asian markets better across the board. HK up 2.1%, Japan up 1.3% and China up 1.6%. 10-year yields falling to 3.30% 

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