Market Updates

US markets bounced from the lows overnight, climbing a wall of worry. Get up to speed with Chris' Breakfast Briefing.

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A soft night on Wall Street as hawkish comments from Jerome Powell brought spurred a risk-off session. The Dow finished down 368 points (-1.05%) and the NASDAQ lost 2.07%. SPI Futures point to a soft session in Australia, down 65 points (-0.86%). For all the latest, listen in to Tom's Breakfast Briefing.

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A good night in the US saw the Dow Jones finish up 500 points (+1.45%), surprisingly the NASDAQ finished up 2.15%, while Netflix fell 25% on results. SPI Futures are pointing to another positive day up 47 points (+0.62%). Catch up on all the latest with Tom on the Breakfast Briefing. 

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• The ASX 200 finished the shortened week up 44 points to 7523 (0.6%). Positive leads and a solid resource sector helped the index close up 45 points for the week. Resources powered ahead, BHP up 1.4%, FMG up 1.3% and gold miners doing well too, NCM up 1.8% and NST up 4.2%. RED continued its charge up 7.2%. Uranium stocks in demand today again, PDN up 6.0% and BOE enjoying its honeymoon up 6.1%. Lithium stocks consolidated recent gains, AKE up 2.0% after a positive outlook statement and a ramp up in production. Energy stocks better on oil price rise, STO up 1.1% and WPL rallying 1.1% as it seeks secondary listings in London and NY. Industrials showed modest gain. Travel stocks rally on Delta results in US. QAN up 7.1%, FLT up 5.0% and WEB up 7.5%. Healthcare was better as US truck issues being sorted, CSL up 0.8% and FPH up 1.0%. Tech better with CPU up 1.1% and XRO up 2.0%. The index rose 1.1%. In the banking sector a combo of JP Morgan results and falling bond yields together with disappointing BOQ results clobbered the big four. BOQ dropped 6.3% whilst the Big Bank Basket slipped to $190.88 (0.3%). NAB a big faller down 0.7%. Insurers sold and other financials mixed. 
• In corporate news, UWL agreed to its 500c bid from Morrisons. Unemployment numbers came in as expected with the headline at 4.0%. Albo memorising the numbers over Easter. In Asian trade, Japan up 1.2%, China up 0.9% and HK up 0.5%. 10-year yields back below 3%.

Happy Easter. Drive safe. Double demerit points.

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US markets weaker overnight. SPI Futures pointed to a 10 point on Thursday when they last traded. US quarterly earnings season in focus. Oil up on Russian sanctions and production issues in Libya. RBA meeting minutes at 11:30 am are expected to add colour to the bank’s hawkish stance.

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Happy Easter

US stocks found their legs overnight snapping a three-day losing streak. The Fed was busy with comments coming from many members, but the market seemed to only care for further commentary that the inflation number could be 'peak inflation'. SPI Futures are up 17 points this morning. Tune in to Henry's Breakfast Briefing to get all the details you need to know.

• ASX 200 SPI Futures up 17 
• Dow up 344 points (1.01%)
• Nasdaq up 272 (2.0%) S&P 500 up 49 (1.1%)
• Base metals firm. Oil up 4% Gold up 0.4%
• Iron ore down 1.4%
• BOQ results out. 

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• The ASX 200 rallied 25 points to 7479 (0.3%). Solid start to the day built as US futures turned positive ahead of US banks kicking off reporting. Miners were the strength today as lithium and uranium stock rampaged ahead. SYA up 16.4%, AVZ up 11.7% and PDN up 9.6%. Big miners also solid with BHP up 0.1% and FMG up 0.8%. S32 rallied 1.4% with IGO up 2.2%. Energy stocks too were better, STO up 1.3% and YAL up 5.8%. Healthcare rallied as CSL ran 0.4% with SHL up 1.6% and industrials subdued. WES up 0.9% being one of the better ones. Banks were positive though CBA down 0.2% with the Big Bank Basket steady at $191.40. Insurers flat as usual. Tech stocks were mixed with BNPL on the nose, Z1P down 2.3% and SZL down 6.4% now below its IPO price. 
• In corporate news, EML rose 10.5% on speculation that private equity could be back after walking earlier this year from a takeover. In economic news, building activity fell and RBNZ raised rates by 50bps. 10-year yields eased back slightly with Asian markets, Japan up 1.7%, China down 0.3% and HK up 0.4%. 

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US markets gave up a big lead, inflation the hottest since '82, oil prices surge almost 7%, Putin has lost the plot... plenty happening this morning so don't miss Chris' Breakfast Briefing.

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• The ASX 200 fell 31 points to 7454 (0.4%) in quiet trade ahead of US CPI. Everything down across the board, except 10-year yields up to 3.08%. Miners bounced a little in the afternoon as Asia rallied, lithium stocks on the nose again, PLS fell 5.8% on a production report, MIN down 0.2% and BHP unchanged with IGO and S32 down too. Gold miners a little mixed, RED doing well up 2.5% and NCM off 1.1%. Energy stocks flat despite a 2% rise in oil in Asian trade, STO down 0.9% and WPL unchanged. Banks stumbled with WBC down 0.4% and ANZ falling 1.0% on a broker downgrade. The Big Bank Basket eased back to $191.21 (0.3%), MQG rose 0.6%. Healthcare fell as CSL once again under pressure, down 1.3% with RMD and FPH off 3.4% and 2.3% respectively. WES fell 1.0% and other consumer stocks drifted lower in low volume trade. Tech fell with SQ2 down 0.4% and WTC falling 2.2%. The All -Tech Index fell 0.9%. 
• In corporate news, IMU fell 8.7% as shares were released from escrow and PAR gained 19.0% on FDA fast tracking designation for OA. In economic news, ANZ consumer confidence rose slightly, and the 10-year keep going higher and higher. 3.08% now. Asian market mixed, China tech on the nose, CSI rose 1.1% HK up 0.6% and Tokyo down 1.7%

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US stocks fall as 10-year Treasury yield tops 2.75%, in the worst single-session since March. SPI Futures are down 22 points (-0.29%) as the ASX looks to back off a little into the Easter break.

• ASX 200 SPI futures down 22
• Dow falls 413 points (1.2%)
• Nasdaq down 299 (2.2%) S&P 500 down 76 (1.7%)
• Oil falls 4.2% Gold up 0.1%
• Iron ore and base metals slip.

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