Market Updates

A soaring US inflation, surprisingly hawkish decision from the ECB, and a lack of progress from peace talks between Russia and Ukraine weighed on markets overnight. The Dow finished down 112 points (-0.34%), with SPI Futures following leads from the US, down 38 points (-0.53%). Catch up on the latest news with Henry's Breakfast Briefing.

• ASX 200 SPI Futures down 38
• Dow falls 112  (0.34%) Nasdaq down 126 (0.95%)
• Commodities higher. Iron ore falls 0.8%
• Oil off 1.6%. Coal down 13%.

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Stocks bounced overnight with the Dow up more than 600 points and the Nasdaq jumping 3.6%. Meanwhile, oil tumbled 12%, begging the question... 'is this the turning point in markets?'

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

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US markets dived into the close and there are still some crazy things going on in commodity markets... catch up on all the action with Chris' Breakfast Briefing.
 
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Commodity prices up again - oil, gold, iron ore, coal, nickel up 90%! Everything else....? Down. Catch up on all the action with Chris' Breakfast Briefing.
 
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SPI Futures closed up 28 points on Saturday morning but there were plenty of developments over the weekend that will influence our market this morning. Get up to speed with Chris' Breakfast Briefing.

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The Dow finished down 97 points (-0.29%) in a directionless session. It was the same narrative overnight, with the Russia-Ukraine conflict headlining. Ukraine said they did not get the result they had hoped for in the second round of peace talks but have agreed to hold another round of talks with Russia. SPI Futures are down 58 points (-0.81%) as oil finished lower after touching highs during trading. Catch up on the latest with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures down 58.
• Dow falls 97 (0.3%) in volatile session.
• Nasdaq down 214 (1.6%)
• Commodities surge but miners only modest gains.
• Iron ore up 5.5%. Coal falls 33%
• Copper up 1.7% Nickel up 5.3%
• Oil hits highs but finishes down 2.2% and Gold up 0.7% with AUD at 73.3. 

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• The ASX 200 rose 35 points (+0.5%) as commodities rose strongly across the board, oil, iron ore and coal showing serious strength. Well off early highs as we prepare for another bumpy night. Miners were sought out and bought up, BHP up 3.6%, FMG up 4.2% and STO rising 1.7%. WHC up 10.6%, not sure how rain is affecting production at Maules Creek but prices have doubled at Newcastle in a few days. YAL rose 11.0% and SMR in a trading halt as it takes advantage of demand to raise capital. Gold miners under pressure as safe haven selling saw bullion drop. 
• Base metals better, IGO up 4.4%, lithium stocks string, PLS up 5.3% and CXO rising 5.3%. Coal and oil stocks a feature, SOL up 3.4% and NHC up 4.3%. Healthcare a little sick as CSL fell 1.3% and SHL down another 2.2%. Industrials weighed down by dividends, REITs under a little pressure as bond yields rose to 2.18% again. Banks flat with the Big Bank Basket unchanged. Tech mixed as SQ2 fell 3.1% and CPU up 0.6%. The All-Tech Index down 0.5 %. In corporate news, pretty quiet. 
• Economic news with building approvals down 27.9% in January. Must have been omicron affected. Asian markets mixed with Japan up 1.3%, China up 0.1% and HK up 0.5%. 10-year yields up to 2.17%.

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The Russia-Ukraine conflict dominated overnight headlines again with Russia announcing they are ready to hold a second round of talks with Ukraine on Wednesday. On the US front, comments from Powell on plans to dial back the Fed’s interest rate stance settled markets, the Dow Jones rallying through the session, finishing just off highs up 596 points (+1.79%). SPI Futures are up 69 points (+0.97%) this morning. Energy still looks like the sector to be in with oil continuing to soar, up over 7% overnight. Get up to speed on all the latest market headlines with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures up 69
• Dow up 596 (1.8%) Nasdaq up 220 (1.6%)
• US 10 year yields spike on Powell comments.
• Commodities higher again. Oil at decade highs at US$113 for Brent. 
• Iron ore slightly higher. Gold down 1.6%.

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•  The ASX 200 rallied off early lows closing up 20 points at 7105 (0.3%). Early losses following US leads were soaked up by miners and resources stocks. Iron ore stocks in demand, BHP up 3.8% and RIO rising 4.6%. BHP was 27 points alone. Gold miners were better but hardly spectacular, NCM up 1.1% and EVN up 3.2%, that did not apply to oil and gas, STO up 6.2% and WPL up 6.1%. Small rises for lithium stocks and coal up with CRN flying 8.8% higher, WHC up 5.9% and YAL better by 7.0%.  Banks sagged as bond yields fell, the Big Bank Basket fell to $171.89 (0.8%). MQG lost 1.9% and insurers under serious pressure with QBE down 4.1% and IAG off 4.4%. Floods probably not helping share prices. Healthcare slipped slightly with CSL off 0.1% and SHL down 1.3%. 
• Industrials were flat ALL a loser down 3.0% and TLS ex dividend, Tech stocks down as CPU fell 1.4% with the All-Tech Index down 0.4%. SQ2 off 0.7% and EML off 4.1% with yesterday’s gains in PBH, given back by 11.8%. Travel stocks also under a little pressure, QAN down 1.0% and WEB off 2.9%.
•  In corporate news, CXO up 15.2% after a deal with Tesla, MVP rose 31.7% on a green whistle green light and we saw GDP on the economic front of 3.4%.  10-year yields crash to 2.09%. Asian markets weaker with Japan down 1.9%, HK off 1.1% and China down 1.1% 

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US stocks drop as energy prices soar, with oil nearing US$105 and European gas surging 23%. Western firms continue to pull out of Russia as more sanctions are introduced. The Dow Jones finished down 598 points (-1.76%) with energy the only sector in positive territory. SPI Futures are pointing to a soft open down 49 points (-0.7%). Catch up on the latest stories with Henry’s Breakfast Briefing.  

• ASX200 SPI FUTURES down 49 points.
• Dow falls 598 points 1.8%
• Nasdaq dwon 219 points 1.6%
• Commodities soar. Oil up to US$105. Gold rallies to US$1955.
• Base metals and soft commodities up aggressively.
• GDP numbers today. 3.7% Q4 estimates.

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