Market Updates

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.

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ASX 200 closes off highs up 28 points to 7096 as miners and banks shine. ANZ disappointed on results falling over 3% but CBA and NAB put in a great performance with CSL another star on a presentation at the Macquarie Conference. APT though in the dog house following a presentation falling 3.5%.  AMC updated with a positive outlook rising 2.7%

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ASX 200 up 39 points to 7068 (o.6%) as miners rally hard and RBA keeps rates unchanged. Upgrades economic forecasts but record low rates continue for a while to come. BHP rose 2.5% with gold miners also doing well. Banks flat lined with CBA the winner as the other three sold down slightly. Plenty of conferences and business updates to keep investors on their toes. FLT fell 4.6% on its update and NCK to double profit but fell 2.6%

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ASX 200 gives up gains to close up a mere 3 points to 7029 after a strong performance from the banks as WBC rose 5% on better cash earnings and a cost out program of $8bn cheered plus a all-important 58c dividend. Big miners in the red as Asia closes for May Holidays. BHP lost 1.4%. In economic news, house prices are cooling slightly and Job ads better again.  RBA tomorrow.

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ASX 200 finishes the month in a sorry state closing down 56 points to 7026. Down 35 points for the week and up 3.5% for the month. ANZ slipped after a write down, BPT were dusted by a reserve downgrade falling 24% and Slattery's 3DP cratered by 19% as quarterlies and production reports weighed heavily today.

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ASX 200 closes up 18 to 7082 in quiet narrow range trading. Mining stocks gained as production reports dropped and gold miners found some friends again. BHP rose 0.9% whilst FMG was relatively unchanged on production numbers showing on track for record shipments. Banks were a little nervous ahead of next week's results and APT jumped 3.5% on a NZ deal. The index is now up 3.7% for the month. President Biden's speech tickled US futures slightly higher and we followed with a muted response.

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ASX 200 closes up 31 points to 7065 on very good CPI numbers below forecasts and giving the RBA plenty of room to breathe. Banks in focus with the CBA up 1% and plenty of business updates and quarterlies to keep investors on their toes. KGN rose 7% on a clarification of its update yesterday and ART beating prospectus also having a good day up 7.8% BNPL sidelined with All Tech up only 0.3%. FOMC and US results to continue.

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ASX 200 fell 12 to 7034 in narrow range trading. Once again quarterlies and M&A activity dominated. TAH saw another bid from Ladbrokes for its wagering business and BIN up 6% on a agreed scheme with Macquarie' MIRA. Banks flat with big iron ore miners continuing to bubble higher as tech stocks came under some pressure. BNPL especially soft as APT dropped 5.5% and Z1P down 6.3%. European futures pointing to a solid opening as HSBC, UBS and BP report better numbers.