Market Updates

US markets were closed overnight for Presidents Day. Europe will lead the direction for the market today. The Pan-European STOXX 600 fell 1.3% as political tensions continue to dominate headlines. SPI Futures pointing to another tough day down 70 points (-0.98%) as we gear up for another busy day of results continuing into the thick of results season. Get up to speed on the latest news with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures down 70
• US Markets closed.
• Putin recognises Ukrainian separatists republics.
• Metals mixed. Gold up 0.9%
• Oil rises nearly 2% on increased tensions.

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• The ASX 200 closed up 12 points at 7243 (+0.16%), bouncing off 7200.The market rallied from opening losses on reports that Biden and Putin would meet for a summit. Banks and iron ore miners bounced hard on the news from Ukraine; the Big Bank Basket rose to $180.86 (+0.5%). WBC up 1.4% and NAB up 0.6%. QBE rallied 4.8% on broker comments, ASX had a good day up 1.9%, and NWL recovered from recent losses up 3.3%. MFG dropped 1.2%, giving back some gains from Friday as shorts relaxed slightly. Healthcare under pressure, CSL down 0.8%, SHL off 3.6% on disappointing numbers, industrials firmed on geopolitical news, TLS rose 1.5% after a deal with TPG up 3.1%. 
• Consumer stocks were buoyed by EDV rising 10.3% on results, COL up 1.1% and WES up 0.3%. Travel stocks were modestly firm as Australia opened its border today. WEB up 0.7% and FLT up 0.3% with CTD better by 0.3%. Tech remained on the nose with SQ2 down heavily 6.8% and fintechs generally under pressure. TYR tapped out on results, falling 25.9%, XRO falling 1.3% and WTC off 1.9%. All Tech Index down again by 1.7%. Miners were better, BHP up 0.6%, RIO up 0.8% though FMG missed out, falling 1.2%. IGO fell 6.4% as it responded to media speculation that it was looking to buy CSA Copper mine from Glencore. Lithium stocks flat, uninspiring today, energy stocks under a little pressure as oil drifted lower on Iran and Ukraine developments. 
• In corporate news, AGL rose 10.6% on a bid from Cannon-Brookes and Brookfield, A2M up 11.1% on better numbers and outlook, EDV rose 10.3% as profits beat estimates. TYR was the biggest loser as results disappointed again. Z1P off 7.8%, remains in talks to take over SZL, both suffering. Nothing on the economic front.10-year yields steady at 2.20%. 

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• ASX 200 SPI Futures down 51
• Dow falls 233 (0.7%) Nasdaq down 169 (1.2%)
• Commodities mixed. Oil down slightly.
• Gold eases back by 0.6$ IO up 2.2%
• Results in focus
• AGL receives bid from Brookfield and Mike Cannon-Brookes

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•  The ASX 200 fell 75 points  ahead of the weekend closing at 7222 (-1.0%). The market staged a pm recovery only to have it snuffed out at the close.  Some solid results helping sentiment and an attempted bounce in iron ore miners was wound back following a couple of dismal days as Chinese authorities try once again to get the price back. BHP unchanged but FMG down 3.2% and S32 still attracting buyers up 1.6%. Gold miners were better as war talk bubbles away, NCM up 2.1% and NST up 1.5%. Must be time for the calls for US$2000 bullion. 
• Lithium stocks shrugged off Albemarle’s disappointment and pushed back up, PLS rose 1.7% and LTR rallied 0.3% as Bell Potter upgraded lithium assumptions. Banks were a little sloppy after days of gains with the Big Bank Basket down to $180.01 (0.8%). Elsewhere in financials, NWL rallied 5.7%, MFG delivered a horror day for the shorts rallying 18.5% after results and dividend announcement coupled with a possible buy back and a good show from Chris Mackay. Hamish who? Insurers though slid as QBE did what it does best. Disappointed. Down 8.7%. Healthcare eased led by CSL down 4.1% as some gains given back and tech under pressure as usual. SQ2 down 3.7% and the All-Tech Index down 1.9%. 
• In corporate news, SIQ rose 11.7% on a good set of numbers, ORG fell 8.3% after selling APLNG stake, IPL suffered a hydrogen emission event in US down 6.1% and ING fell %, no love ‘em at all. Asian markets weaker and 10-year yields up to 2.22% 

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A tough session for US markets falling from the start as renewed fear surrounding the Russia/Ukraine conflict weighed. The Dow Jones finished down 622 points (-1.78%) in the worst session for 2022. SPI Futures pointing towards a soft open down 82 (-1.14%) as results slow into the weekend. Listen in to Henry’s Breakfast Briefing for all the latest news.

• ASX 200 SPI Futures down 82
• Dow down 622 - 1.78% Nasdaq down 407 -2.9%
• Gold up 1.6% Oil down 1.9%
• Metals stronger Iron Ore down 6.9%
• Results in focus.

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 The ASX 200 rose 11 points to 7296 (0.2%) as results dominated on Super Thursday. US futures soft at close on Ukraine rumours see afternoon selling. Bank once again feeling the love with the Big Bank Basket rising to $181.37 (0.4%) with CBA up 0.2% and WBC doing well up 0.9%. Other financials flat with CGF a winner post results rising 6.7%. Healthcare saw a bump as brokers warmed to CSL with another 5.1% rise.
Industrials were mixed, WES down on results, TCL better on traffic outlook. TAH doing well with a 4.1% rise on its numbers and TLS easing 4.2% on numbers. Miners were slightly better with iron ore stocks leading the way, BHP rose 1.4%, RIO up 1.2% and S32 beating expectations and up 1.1%. Energy mixed, WPL up 4.1% on its numbers but STO falling 1.7%. BPT rallied 1.7% after a down day yesterday. Lithium stocks a little depressed as Tesla effect wears off, PLS down 5.5% and LTR falling 5.2%. Gold miners better in spots, NCM up 1.5% and NST up 4.4% on numbers. Tech on the nose again, SQ2 down 6.4%, XRO off 3.0% and WTC falling 3.70%. The All-Tech Index dropped 2.3%.
In corporate news, plenty around with CUP falling 15.3% on a sudden loss of CEO/MD. On the economic front, better jobs numbers but still with a 4 in front with the headline rate at 4.2%. Asian market slightly firmer. 10-year yields ease to 2.19%.


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The Dow Jones fell sharply at the open before rallying into the close to finish down 55 points (-0.16%). Fed meeting minutes and geopolitical tensions were the talking points for the night. SPI Futures are pointing to a slightly positive open for Australian markets, up three points (+0.04%). Catch up on the latest news with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures up 3.
• Dow down 0.16% in rally post Fed Minutes.
• Nasdaq down 0.11%. No move from Putin.
• Commodities higher. Oil up 1.6% Iron bouncing back 3%.
• Gold up 0.8%.
• Results in focus. TLS, WES, SGR

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• The ASX 200 rallied 78 points to 7285 (+1.1%) on better sentiment from the US. It was once again all about results, as CSL and TWE set the scene as good numbers dropped with beats to guidance, CSL up 8.5% and TWE up 11.7% and talking raising prices for premium brands. Iron ore stocks continued to be in the doghouse as Dalian futures remained weak ahead of a crucial meeting tomorrow between authorities and the iron ore players in China. BHP fell 1.8% and FMG with results today fell 2.0% on a cut to dividends. RIO steady. Lithium had a revival after LTR announced a deal with Tesla rising 18.0% and a good lead-in from Albemarle. PLS up 3.7% and MIN bouncing back 1.8%. Gold miners slipped slightly with EVN numbers out today, rising 1.8%. 
• Energy stocks under a smidge of pressure after oil falls, STO fell 2.8% on full-year results, WPL down 0.4%. In the banks, another positive day with CBA ex-dividend today accounting for 9 points.  NAB up 0.7% and ANZ bouncing 1.1%. MQG rallying 1.6% with wealth platforms being whacked hard, NWL down 9.8% and PPS down 11.1%. Industrials firmed ALL up 2.1% and BXB eased on denial of rumours of barbarians at the gate. Healthcare was better led by CSL with COH up 2.3%, RMD up 2.2% bouncing back. 
• In corporate news, plenty around NEA rising 8.6% on good numbers. SGF up 14.1% on a record number, AVZ up 10.3% on a US$240m investment with CATH. GMA rose 6.4% as Ares Management took a near 15% stake. Nothing on the economic front with Chinese PPI easing the highlight. Asian markets firm with Japan up 1.7% and China up 0.7%.

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The Dow Jones was up 423 points (+1.22%) overnight as signs of easing tensions between Russia and Ukraine saw US markets rally. US inflation was back in the spotlight with PPI numbers overnight. SPI Futures are pointing towards a firm open, up 71 points (+1%) this morning. Results dominating headlines for Australian markets again, with CSL and FMG  some of the names to look out for. Get up to speed on the all the latest with Henry’s Breakfast Briefing.

• ASX 200 SPI Futures up 71 points.
• Dow rallies 1.2% Nasdaq up 2.55%.
• Oil slides 3.3%. Gold off 0.7%.
• Iron ore falls 8.8% in Asia yesterday. Base metals better.
• CSL, TWE results.

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•  The ASX 200 closed down 37 points at 7207 (0.5%) as banks and miners sagged. Iron ore futures in Asia under pressure, BHP reports record numbers but falls 0.3%, FMG down 5.1% and RIO off 2.3%. Lithium miners remain depressed, PLS down 2.0% and MIN off 5.3%. Gold miners holding firm after big run yesterday. NCM down 0.3% and EVN off 0.5%. Base metals also under pressure with energy stocks running out of gas, WPL down 2.5% and STO down 4.2%. BPT reversed all engines after good gains yesterday falling 10.5%. Banks were weaker with the Big Bank Basket at $180.78. WBC fell 3.4% giving up the gains from yesterday and ANZ down 1.4% but NAB holding steady.
•  Industrials were better, BXB jumped 6.2% on takeover rumours, COL up 1.4% and WOW better by 1.1%. Healthcare still in ICU with CSL at two-year lows down another 0.2%. RMD taking a hit down 4.6%. Tech flat but SQ2 up 4.2% on Block moves in US. 
• In corporate news, results, results, results dominated. SGM was a standout rising 13.7% on dividends and buy back, SEK did well on its numbers, up 6.1%, SWM slipped despite decent numbers. 
• On the economic front RBA minutes out and backed up the patience on rates mantra. We do not have 7.5% inflation that the US has, and Lowe is in no hurry. Consumer confidence bounces back. Asian markets mixed, HK down 0.7%, Japan down 0.6% and China up 0.9%. 10-year yields pushing higher again to 2.18% 

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