Market Updates

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ASX 200 closes up a solid 69 points to 7115 as all-time high once again in sight. Big Banks up around 1% as CBA closes in on $100. TNE upgrades profit numbers rising 2.1%. Miners shrug off iron ore falls with BHP up 1.3% and FMG up 1.6%. KGN continues its rally up another 6.6% and CAR rallies over 5% as rights put on a 188% gain. Dow futures up 70 with European markets set to open positively.

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ASX 200 closes up 16 to 7046 in convictionless trade. Big iron ore miners fell as China continues to talk down commodity prices, BHP off 1.8%, FMG down 4.2% with second line gold miners doing well today led by BGL up 7.4% and SLR up 5%. Banks continue to attract buyers with the Big Bank Basket up to $179.55. KGN bounced hard today up 14.7% and NXL rallied 3.1% on increased corporate governance. Nothing on the economic front. Dow futures up 133. 

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ASX 200 finished 11 point to the good at 7030 (0.15%) in a volatile day. For the week, the index has gained 16 points (the hard way). Miners under pressure ,BHP down 1.1% RIO off 0.9%, FMG down 2.2% and MIN off 4.3%. Gold miners too saw some profit taking, NCM fell 1.8% and EVN down 1.3%. Oil and gas suffering from crude weakness, STO down 4.8% and WPL down 3.3%. Industrials were firmer, banks mixed with CBA off 0.4% and the Big Bank Basket unchanged. Tech stocks raced out of the blocks only to be ambushed, KGN did not help falling 14.3% on a guidance downgrade.,  In economic news, retail turnover rose 1.1% in April, ahead of estimates of 0.5%. The 10-year bond yield drops to 1.72%. Asian markets mixed with Japan up 0.8% and China off 0.8%. Dow futures up 49 points.

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ASX 200 closes up 88 points to 7020 rebounding from yesterdays rout with CBA up a huge 3.2% after jobs numbers surprised with a drop to 5.5% unemployed but a reduction in jobs. Banks were teh stand out with APT having a sold bounce following a broker report with a PT of $120. QAN rose 3.5% after a business update on continued cost cutting and EML rose by 3,9% after the rout yesterday Well off the days high though. NXL back on the front page and slipping 6.8%. Asian markets modestly higher and Bitcoin remains volatile.

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A nasty day today with few places to hide as the ASX 200 dropped 134 points or 1.9% to 6932. Banks were hit hard with the Big Bank Basket dropping $4 to 173.83. Big miners were hit too by news that China is looking to increase domestic supply and diversify its sources of iron Ore. BHP dropped 3.4% and FMG down 3.1% despite reaffirming guidance. Bargain hunetrs and a bounce no where to be seen. 
The big loser of the day was EML crashing nearly 46% on news from the Irish Central Bank that it is looking at the company in regards to AML issues and corporate governance. Not great news.

Fed minutes tonight and maybe some stability tomorrow.

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ASX 200 closes up 42 points at 7066, off highs but firm none the less. Resources led the charge with commodity price rises in base metals and gold dragging buyers in. OZL rose 6.4%, BHP up 1.8% and FMG up %. DEG rallied 4.6% with banks also doing well although CBA flat lined. The other three had 1.5% days whilst MQG recovered 2.3% as NXL reaffirmed guidance and rose 11.5%. SBM fell 9% on a production update and JHX lost 4.5% after warning of inflation pressures. RBA minutes failed to excite and once again reiterated inflation is transitory.

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The ASX 200 limped into the close up a mere 9 points at 7024 on its low for the day.  MQG ex dividend hit by NXL issues too with NXL falling 9.5% on media articles. Our two refiners got a lift from government plans to put $2bn into the sector , ALD and VEA up around 6% or more. 

CWN has asked for more details from SGR and knocked back BlackStone.
Gold miners were the stand outs today as iron ore rebounded slightly in Asia. NCM up 2.6% and DEG up nearly 9% with FMG up 1.4% the best of the miners. CBA saved the banks from blushes today at 1.2%

Champagne corks popping. ASX 200 closes at all-time high of 7173 up 92 as iron ore stocks go crazy. FMG up nearly 8%, BHP up 3.1% and RIO up 4.6%. 38 index points alone in three stocks. Big banks joined in with rises around 1.1% as ANZ slips on ex -dividend. In corporate news, CWN gets a merger proposal from SGR with both stocks posting solid near 8% gains and A2M downgrades once again losing 13%. Industrials solid, but Tech still underperforming with some big falls again in APX and NXL.

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ASX 200 closes up 19 points at 7081 for a 0.8% gain for the week. Bank and iron ore miners once again dominated. MQG slightly underwhelmed on results with no guidance given and a dividend below what some had hoped for.  BHP led the mining sector higher up another 0.6% and gold miners shone today with NCM up 3.8%. Tech stock remains a weak sector with APT down over 4% but APX managed a decent rally today up 5.6%. Travel stocks also in demand as no new cases discovered in Sydney. WEB and FLT up around 7.3%. US NFP the big data point tonight. 1m jobs is the magic number. Have a great weekend. Happy Mother's Day.

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ASX 200 falls 34 to 7061 (0.48%) Iron ore miners save the day as tech gets hit again. BHP rose 2.1% whilst APT got smashed down nearly 7% but spare a thought for APX which fell 21% after a Macquarie Conference presentation. NEA too falling with a thud on litigation over IP down 23%.  Plenty fo former high flyers crashing to earth as miners hold the line. Bank mixed but NAB disappoints and falls 3% on results. MQG tomorrow.