Market Updates

End of Day Report – Friday 12 June: ASX up 2%. Best session since April -

Fri, 12 Jun 2026 17:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 12 June: US markets jump on peace deal (?) - Oil slumps - SPI up 146 - Yields drop

Fri, 12 Jun 2026 09:00:00 +1000

US stocks closed sharply higher on Thursday, with the S&P 500 rising 1.8%, the Nasdaq gaining 2.5%, and the Dow Jones climbing 930 points. Investor sentiment improved amid a pullback in oil prices after President Trump cancelled strikes against Iran after earlier threatening "very hard" attacks tonight. He also claimed a deal had been agreed in principle by several allies in the Middle East, including Israel, without elaborating. Further support came from a rally in technology shares as investors positioned themselves ahead of SpaceX's expected IPO tomorrow. Micron and AMD soared 11% and 8%, respectively, while Lam Research added 12.7% and Intel jumped over 10% after being upgraded by BofA on soaring CPU orders. On the other hand, Oracle slipped nearly 9% as investors focused on a cloud revenue miss and rising AI infrastructure costs despite an earnings beat. On the data front, PPI data pointed to accelerating prices in May, consolidating bets that the Fed will raise rates this year.

SPI jumps 1436 - Gold up 3% plus...

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 11 June: ASX 200 stages come back - Down only 20 - Resources stabilise - Banks smacked - CSL better - ECB and SpaceX

Thu, 11 Jun 2026 16:00:00 +1000

The ASX 200 staged a remarkable comeback to finish down only 20 points at 8633 (-0.2%) after falling nearly 100 points in early trade. A stronger US futures market helped, as did a calming in the oil price and the absence of any collapse in Korea.

Once again, though, we saw sector rotation, with the banks still under pressure. CBA fell 2.4%, WBC dropped 2.6%, and MQG eased 0.7%. The Big Bank Basket fell to $260.43 (-2.3%). Other financials performed slightly better, and insurers continued to do well, with QBE the star of the show, up 3.7%. REITs also gained, with CHC up 2.8% and SGP rising 3.3%. Industrials were a mixed bag. The rally in WES continues, and retail stocks held firm, with TLS up 0.4% and both WOW and COL continuing their strong winning streaks.

Technology was once again very much on the nose, with tax-loss selling and ongoing pessimism surrounding SaaS business models. XRO fell 3.6%, WTC dropped 2.8%, and NXT was hit hard as well. Healthcare was a mixed bag of lollies, with CSL continuing to push higher, gaining another 4.2%. However, RMD fell 0.9%, while SIG continued to drift lower on concerns about a UK expansion push.

Meanwhile, resources recovered some poise, although the move lacked conviction. BHP rose 1.0%, and some lithium names improved, with PLS rising alongside LTR, which enjoyed a strong day, up 4.2%. Gold stocks also found some support, with EVN up 2.1% and RMS also edging higher. Oil and gas stocks were stronger, with WDS up 1.6% and STO jumping 2.0%. While coal stocks recovered, uranium stocks continued to struggle.

In corporate news, LLC rose 4.6% following the appointment of a new CEO and the maintenance of guidance between 28 cents and 34 cents. NST fell slightly as Elliott Investment Management called for further board changes. SXL dropped 4.4% after the company downgraded its full-year earnings outlook and announced 300 job cuts. AAI fell 8.3% following a warning about its Middle East operations.

In economic news, the CBA said the RBA is likely to keep rates on hold for the first time this year. Australian wages rose 0.8% in May, with consistent growth recorded over the last 18 months.

Asian markets weaker. Japan flat, Hong Kong down 1.0%, and China down 0.7%. South Korea fell slightly.

US futures: Dow up 88 and Nasdaq up 150. Oil up 1.0%. Europe opening easier. ECB expected to hike rates today.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 11 June: US Markets stumble again - Missiles fly - SPI down 65 - Resources to get hit again - Gold down - Oil up

Thu, 11 Jun 2026 09:00:00 +1000

U.S. equities fell on Wednesday after President Donald Trump signaled that negotiations with Iran were taking “too long” and threatened more action.

The Dow Jones Industrial Average fell by 953.33 points, or 1.87%, to 49,918.78. The S&P 500 lost 1.62% to end at 7,266.99, and the Nasdaq Composite dropped 1.98% to settle at 25,169.50.

The major averages dropped after Trump pledged more Iran attacks, saying that “we’re going to be attacking them very hard.” He wrote early Wednesday that Iran has “taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!”

Oil prices rose after Trump’s threats. West Texas Intermediate crude futures settled up 2.07% to $90.03 a barrel, while Brent crude advanced 1.8% to settle at $93.10.

SPI down 65 - Oil up on hostilities - Gold down - US Futures down after hours.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 10 June: ASX 200 closes up 49 in volatile day - Industrials, healthcare and defensives push higher - Gold miners tumble - Lithium depressed

Wed, 10 Jun 2026 16:00:00 +1000

The ASX 200 showed solid gains to finish up 49 points at 8,653. Once again, it was the tale of two cities, with the best of times and the worst of times. The banks held steady, with CBA down 0.2%, and WBC doing well, up 2.0%. Insurers also pushed higher, led by QBE up 2.4%, and even ASX up 0.6%, with the Big Bank Basket at $266.54. Elsewhere, industrials were once again stronger, with defensive stocks taking the bull by the horns. WES rose 4.3%, TLS rose 2.0%, and both the supermarket stocks WOW and COL did very well, building on recent gains in the healthcare space. CSL was also strong as it looks to have turned the corner, up 3.5%, with SHL also firm, although SIG fell 5.5% on the back of media speculation that it was looking at buying the Boots chemist chain in the UK. REITs were positive, with GMG up 1.6%, CHC up 1.8%, and other industrials faring okay. Retail also had a good bounce, with JBH up 3.5% and ALL up 2.2%. Technology stocks were still very much in the doghouse, with XRO down 2.0%, TNE down 2.3%, and NXT down 4.1%. Utilities firmed in this environment, and the All-Tech Index fell 1.8%.

Meanwhile, resources were once again on the nose, with BHP up 0.2%, and RIO and FMG also falling as iron ore came under pressure. Lithium stocks fell, PLS down 1.7%, and LTR falling a big 8.0%, with MIN also suffering heavy losses. The gold sector was also slammed again as the gold price fell out of bed, with NST down 3.5%, EVN falling 5.0%, and RMS also having a bad day, down 3.8%. Over in the energy space, Woodside slipped slightly, and Santos pushed ahead somewhat, with coal stocks under pressure, WHC down 4.4%, and uranium stocks still on the nose.

In corporate news, SDF rose 36.2% after receiving a $6.00 non-binding indicative offer. IGO fell hard after a fire broke out at the Chemical Grade Plant 3 facility at Greenbushes. WES had a good investor day reaction, saying it would drive growth through AI and data monetisation. Citi downgraded banks following the budget changes. In economic news, the ANZ-Roy Morgan consumer confidence rose for the second consecutive week, lifting two points to 70.8.

Asian markets weaker. Japan down 1.9% Hong Kong down 0.9%, and China down 1.1%. South Korea falls again.

US futures: Dow down 78 and Nasdaq down 132. Oil down 1.5%. Europe opening easier.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 10 June: US markets volatile and mixed - Oil falls - Gold falls - SPI up 13

Wed, 10 Jun 2026 08:00:00 +1000

The S&P 500 and Nasdaq closed 0.25% and 1% lower respectively on Tuesday despite a retreat in oil prices, as the recent rebound in semiconductor shares lost steam. Semiconductor stocks came under renewed pressure, with the iShares Semiconductor ETF dropping more than 3% after rallying 6% on Monday. The fund had plunged 10% on Friday, its worst single-day decline in six years, as investors worried that the AI-fueled surge in chip stocks had become overheated. Micron Technology fell nearly 5%, giving back part of Monday’s 10% recovery.

SPI up 13 - Oil down - Gold down - US launches strikes against Iran

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 9 June: ASX 200 rallies back hard to close down 21 - Healthcare - Industrials - REITs all better - Resources suffer - US Futures positive.

Tue, 09 Jun 2026 16:00:00 +1000

The ASX 200 closed down 21 points at 8604 (0.2%), well off its lows for the day, with most sectors rallying throughout the session and the banking sector staging a turnaround. CBA fell 0.3%, with the Big Bank Basket easing only slightly to $265.42 (0.4%). Financials were generally firm, with MQG up 0.7%, while the insurance sector also performed well, led by QBE up 0.9% and MPL higher. REITs enjoyed a solid session, with GMG up 0.3% and SCG rising 1.6%. TLS also had a strong day, gaining 2.2%, although REA was a disappointment, falling heavily. Both WOW and COL posted gains as defensive buying in the supermarket sector helped push them higher. Retail stocks were also in demand, led by WES up 1.3% and APE rising 4.3%.

Healthcare was another bright spot, with CSL recovering a further 1.6% and RMD also posting gains. Elsewhere, technology stocks remained under pressure but recovered from their lows, with XRO down 1.1% and WTC off 4.6%, while the All-Tech Index fell 0.1%.

It was a different story in resources, although the sector also bounced from early lows. BHP fell 1.9% and RIO dropped 1.8% as iron ore and copper prices weakened. Gold stocks were also under pressure, with NST down3.3% and NEM lower. Lithium stocks slipped away, with MIN falling 2.6% and LTR off 3.3%. In energy, WDS rose alongside STO, although gains were relatively muted. Uranium stocks came under heavy pressure, with PDN dropping 8.8% and DYL down 7.6% as short sellers gained the upper hand.

In corporate news, OML had a good day, up 9.6%, after receiving yet another NBIO, this time from Bain Capital. QUB rose 0.4% after the PNG competition regulator backed the company's planned takeover by Macquarie. On the economic front, NAB is now saying the next move in local interest rates is likely to be a cut. Business confidence rebounded as price pressures softened, according to the NAB Business Survey. However, Australian consumer confidence slipped back towards record lows, with the Melbourne Institute-Westpac Consumer Sentiment Index falling to 80.6, one of the lowest readings in its history.

Asian markets mixed. Japan up 2.1%, Hong Kong up 0.1%, and China up 0.8%. South Korea jumps 8%.

US futures: Dow up 8 and Nasdaq up 170. Oil down 1.5%. Europe opening slightly easier.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 9 June: US Markets recover a little - SPI up 23 (down 92 over two days) - Commodities under siege - AUD drops

Tue, 09 Jun 2026 09:00:00 +1000

The S&P 500 and Nasdaq Composite were higher on Monday as chip stocks rebounded from Friday’s rout, and President Donald Trump tried to maintain a fragile ceasefire despite Iran and Israel trading strikes.

The broad market index advanced 0.30% and closed at 7,405.73. The tech-heavy Nasdaq was up 0.86%, ending at 25,929.66. The Dow Jones Industrial Average lost 80.77 points, or 0.16%., and settled at 50,786.01.

SPI down 92 over two sessions - Oil eases back a little - Gold steadies - Bitcoin rallies.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 5 June: ASX 200 drops 61 - Down 1.2% for the week - Banks and Miners struggle - Healthcare soars - US futures ease - NFP tonight

Fri, 05 Jun 2026 16:00:00 +1000

The ASX 200 finished the week on a sour note as the index fell 61 points to 8621 (-0.7%), ending the week down 1.2%. Banks were ugly today after Morgan Stanley downgraded the sector outlook. The Big Bank Basket fell to $266.42 (1.5%), with CBA off 1.7% and WBC sliding 1.2%. Other financials held up better, with MQG unchanged, ASX up 1.5% and ZIP rising 1.7%. Insurers also found some friends again. REITs were better too, with CHC up 1.1% and SGP rising 1.1%. Industrials pushed higher, with WES up 0.4%, while WOW and COL also performed well. Retailers were mixed, with JBH up 1.0% and APE drifting lower. Healthcare stocks were back from the ICU. CSL had its biggest one-day rise since 2022, up 5.8% as the rotation into the sector gathered pace. Even RMD enjoyed a very positive session, gaining 4.3%. PME rose 4.0% and COH added 5.6%.

In the tech space, MP1 soared 15.2% after its capital raising, with Citi upgrading its price target by 41%. The All-Tech Index rose 0.7%, with CPU also trading higher.

Resources, however, remained in a world of pain as profit-taking continued in BHP and RIO, with FMG down 2.3%. Rare earths and critical minerals stocks also unwound as the AI trade ran out of steam and copper prices fell. LYC dropped 2.9%, MIN fell 5.1% and SFR lost 1.2%. Gold miners drifted lower once again, with NST down 2.5% and NEM off 1.2%. Energy stocks were weaker, with WDS falling 1.3% and STO down 0.6%, while coal stocks slipped and uranium stocks found some nervous support.

In corporate news, NHF rose 2.5% on the sale of an insurance business. RSG fell hard following its production report, while AGI rallied 16.8% after two directors resigned.

Asian markets mixed. Japan down 1.0%, Hong Kong down 1.0%, and China down 0.7%. South Korea eases back around 1.6%

US futures: Dow up 8 and Nasdaq down 280. Oil unchanged. NFP tonight.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 5 June: Wall St Buys the Dip

Fri, 05 Jun 2026 08:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 4 June: ASX 200 drops 100 - Resources smacked - Banks fall - US Futures mixed - Gold up

Thu, 04 Jun 2026 16:00:00 +1000

The ASX 200 fell 100 points to close at 8686 _1.1%), with losses across the board. Banks held up better, with CBA down 0.6%, and WBC the worst of the bunch, down 1.7%, with MQG also falling 1.1%. The Big Bank Basket dropped to $270.46 (-1.8%). Insurers were better as bond yields rose, with QBE up 1.2% and the rest of the financials losing ground. Tech stocks were struggling today, with XRO falling back to earth by 4.2% and the All-Tech Index falling 1.4% as profit-taking moved in after the recent bounce. In the industrials, we saw TLS fall 2.9%, although defensive stocks bucked the downtrend, with WOW and COL both positive, along with utilities ORG and APA. Healthcare stocks were showing some signs of life, with RMD finding a bottom, at least temporarily, up 2.6%, and CSL up 0.4%.

The real damage, though, today was done in the resource sector, as the iron ore price came under pressure and profit-takers moved into the iron ore stocks, with BHP down 3.3%, RIO down 3.3%, and FMG down 4.1%. Elsewhere in the gold space, we saw selling again in NST, off 6.1%, and EVN falling 3.0%, with lithium and rare earth stocks all under pressure. PLS dropped 4.5%. Big losers today as well were the big winners yesterday in the uranium sector, with PDN falling 8.2% and DYL down 5.2%. The oil and gas space was modestly higher, with both Woodside and Santos rising, together with coal stocks, with WHC rising 3.0%.

In corporate news today, PME secured a five-year renewal in the U.S. TWE had a very good day as it presented to investors with no downgrades and some optimistic outlook statements. IPX fell 4.6% after its DFS study for its Critical Minerals project in Tennessee.

Nothing significant on the economic front, although we did have some international goods trade data out, showing exports increased 7.2%, driven by metal ores and minerals.

Asian markets mixed. Japan down 1.5%, Hong Kong down 1.4%, and China down 0.6%. South Korea eases back around 1.6%

US futures: Dow up 26 and Nasdaq down 151.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 4 June: US markets fall after nine day rally - SPI down 75 - Resources under pressure - Oil up - Gold down

Thu, 04 Jun 2026 09:00:00 +1000

Stocks fell on Wednesday, with the S&P 500 snapping a nine-day win streak, as oil prices and Treasury yields moved higher amid worries the U.S.-Iran conflict could keep lifting inflation.

The 30-stock Dow Jones Industrial Average pulled back 620.72 points, or 1.21%, to end at 50,687.07. The broad market S&P 500 fell 0.74% to end at 7,553.68, while the tech-heavy Nasdaq Composite declined 0.89% to 26,853.98.

Oil prices rose following the U.S. and Iran launching new strikes. West Texas Intermediate futures rose 2.41% to settle at $96.02 per barrel, while Brent crude gained 1.89% to settle at $97.81 per barrel.

SPI down 75 - Commodities fall - Gold down - Iron ore eases

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 3 June: ASX 200 jumps 61 - Off highs - GDP light on - BHP hits another record - Tech falls - Uranium soars.

Wed, 03 Jun 2026 16:00:00 +1000

The ASX 200 jumped 61 points after a slow start to 8756, with GDP coming in a little light, giving the RBA room to hold rates. Banks rebounded, with CBA up 1.1% and ANZ doing well, up 1.9%, as the Big Bank Basket rose to $275.51 (+1.1%). Other financials were a little mixed, GQG fell 1.4%, AMP slid 2.0% and HUB fell 0.9%. Insurers were steady as she goes.

Industrials firmed in places, with WES down 0.2 %, while WOW and COL did better. Healthcare remains in ICU, with CSL falling another 0.4% and RMD down 0.7%. Tech stocks were under pressure after a great run in recent days, with XRO down 3.5% and WTC falling 2.1%, while the All Tech Basket down 0.7%.

Resources, and especially copper stocks, were the stars of the show again. BHP hit new records, up 2.4%, and RIO gained 1.6%. Rare earths got a boost, with LYC up 2.8% and ARU gaining %. Uranium stocks fired up on some Urenco news from the US, with PDN up 11.5% and BOE gaining 7.6% as the shorts ran for cover. STO had a good day too, while WDS was flat.

In corporate news, SLC jumped 0.3% on an upgrade to earnings, MP1 entered a trading halt pending a large capital raising, ALD rallied 3.4% on watchdog approvals and INA soared 5.4% on earnings confirmation. TLC lowered guidance and slipped 1.5%. In economic news, GDP came in a little light at 0.3% for the quarter and 2.6% for the year, giving the RBA a good excuse to stay pat.

Asian markets mixed. Japan up 2.8%, Hong Kong down 1.7%, and China up 1.6%. South Korea closed for local elections.

US futures: Dow down 32 and Nasdaq down 13. Oil up 1.0%. Surprising given the hostilities in the Gulf.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 3 June: US slightly higher - SPI up 38 - Copper in focus - MP1 raise - Tech sector may stumble - Gold firm - Bitcoin crashes

Wed, 03 Jun 2026 09:00:00 +1000

The S&P 500 ticked up to a record close after reaching a new all-time high on Tuesday as traders monitored the latest U.S.-Iran developments as well as moves in major tech names.

The broad-based index advanced 0.13% to end at 7,609.78 for its first close above the 7,600 threshold, while the Dow Jones Industrial Average gained 228.91 points, or 0.45%, to 51,307.79. The latter also rose to a new all-time intraday high earlier in the session. The Nasdaq Composite eked out a gain of 0.03% to end at 27,093.90.

Alphabet weighed on the S&P 500, with shares down almost 4% after the company said it would raise $80 billion from stock sales to fund its artificial intelligence buildout. That includes a $10 billion investment from Berkshire Hathaway.

SPI up 38 - Copper in focus - MP1 to raise $823m - GDP today

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 2 June: ASX 200 fights back from 100 down to close down 5 - BHP hits new record - Tech booms.

Tue, 02 Jun 2026 16:00:00 +1000

The ASX 200 rallied hard off lows to close down 5 pts at 8724 (0.1%). CBA turned around, recovering well, the Big Bank Basket closed at $269.61 (- 0.8%). Insurers slipped, led by QBE off 1.3% and IAG down 2.2%. REITs too were under pressure, GMG off 0.4% and CHC falling 1.0%. Healthcare remains in the kennel, CSL falling another 1.7% with RMD off 2.1% and COH down 4.3%. Industrials slipped a little, BXB down 1.6% and ALQ falling 1.1%. Retail stocks were also on the nose following the minimum pay award update. JBH crumbled 5.4%, NCK down 3.1%. DMP dropped 5.9% on the wage news. Tech stocks were the stars of the show again today, WTC up 7.9% and XRO jumping 7.5%, with the All-Tech Index up 3.9%. REA had a good day, as did CAR.

BHP and RIO once again pushed higher on copper exposure, the Big Australian hitting new records, up 1.4%. Gold miners recovered, with NST shooting the lights out as activist shareholder Elliott took a big position and called for change. Uranium stocks eased back again, PDN down 5.9% and DYL falling 5.3%.

In corporate news, SRG jumped 16.6% on $1.85bn in new contracts. TEA soared 16.2% on an acquisition, DRO up 3.6% on a new $24.1m contract, and 4DX had a bad day on CT news. NST jumped on calls for change. On the economic front, consumer sentiment rose and the BoP fell as exports eased back.

Asian markets mixed. Japan down 0.5%, Hong Kong up 1.8%, and China up 1.3%.

US futures: Dow down 172 and Nasdaq down 83. Oil up 1.2%.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 2 June: US markets push ahead - Oil up - SPI down 36 - Gold Down - Oil bounces hard

Tue, 02 Jun 2026 08:00:00 +1000

The S&P 500 rose on Monday, even as oil prices advanced, with Nvidia leading technology higher following the launch of a new chip for PCs.

The broad market index advanced 0.26% to close at 7,599.96, while the Nasdaq Composite gained 0.42% to close at 27,086.81. The Dow Jones Industrial Average added 46.42 points, or 0.09%, and ended at 51,078.88. All three indexes reached new all-time intraday highs and closed at records.

SPI down 38 - Oil up - Gold down - NST moves - Software stocks jump.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 1 June: ASX 200 slips 2pts - Tech stars - Healthcare and banks slide - Oil up 2.6% - Resources mixed.

Mon, 01 Jun 2026 16:00:00 +1000

The ASX 200 consolidated Friday’s gains with a loss of 2 point to 8729. Tech stocks were the star attraction, with REA up 1.5%, WTC up 8.7% and XRO rising 7.6%. The All-Tech Index rose 3.8%. Healthcare remains on the nose, with CSL dropping another 2.5% and RMD pummeled down 7.6%. REITs also slid, with CHC off % and SCG falling %. Banks were mixed, with CBA down 1.0% and WBC up 0.4%, leaving the Big Bank Basket down to $271.87 (-0.6%). Financials were mostly better, with ZIP rallying 5.2% as tech took off. Industrials were a mixed bag. TCL fell 1.8% and LNW dropped 1.0%, while BXB rallied 1.4% and CPU rose 0.9%.

In resources, BHP was slightly firmer, RIO rose 1.6% and FMG improved. Gold miners were generally better, with EVN up 2.4% and CMM rallying 1.3%. Lithium stocks were on a charge, with PLS up 4.3% after huge rebalancing volumes last week, LTR up 3.3% and MIN up 1.2%. WDS and STO both made modest gains, as did uranium and coal stocks.

In corporate news, LLC lost 5.5% after agreeing to sell the development rights in the Milano Santa Giulia mixed-use project in Milan. SYR soared 16.2% after its offtake dispute with Tesla was resolved, with the electric vehicle maker accepting that the alleged default conditions had been cured. MYX fell 2.9% as it expanded its US commercial footprint. CTT rose 25.5% as it moved to expand its presence in China through the launch of a flagship store on Tmall Global.

On the economic front, ANZ-Indeed Australian job ads lifted 1.8%. Asian markets eased. Japan up 0.9%, HK up 0.8% and China down 0.6%. Korea up 4.1%.

US futures up slightly, Dow up 49 and Nasdaq up 175. European markets set to open flat. Oil up 2.5%.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 1 June: US markets push higher - SPI down 33 - Quiet day ahead - No peace news

Mon, 01 Jun 2026 09:00:00 +1000

SPI Futures down 13 points. ASX set to open slightly lower.

The S&P 500 and Nasdaq both closed at fresh record highs. The S&P 500 was up 0.22%, its ninth straight weekly gain - the longest winning streak since December 2023. The Dow Jones was up 363 points (+0.72%). The NASDAQ was up 0.21%. The Russell 2000 was down 0.59%. VIX lower again at 15.32 - getting very comfortable.

DELL was up 32.8% on results - a 750%+ year-on-year jump in AI server revenue, $24.4bn in AI orders and a backlog close to $51bn. Tech finished up 1.87%. HPE was up 12.6% and SMCI was up 11.6% in sympathy. MSFT was up 5.4%.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 29 May: ASX 200 up 139, 0.9% for the week | CBA drags banks higher

Fri, 29 May 2026 16:00:00 +1000

The ASX 200 jumped 139 points to close the week at 8732 (+1.6%) on a very firm note as hopes built that there will be some resolution, or at least an extension of the ceasefire in the Middle East. There seemed to be a lot of short covering around today after the 125-point fall yesterday. We reversed that today, with the banking sector bouncing back hard, with CBA up 2.2%, NAB up 0.6%, and the Big Bank Basket up to $273.55 (+1.6%). Financials across the board bounced, with MQG up 1.1%, and even ASX rallying slightly, but it was resources that were really carrying the day today, as copper stocks advanced with BHP up 2.9%, RIO up 1.2%, and FMG also doing well, up 2.4%.

The gold miners had a good day yesterday after falling around 7%, with NST up 3.4% and EVN up 4.2%. Copper stocks and lithium pushed higher, with S32 also up 3.0%, although we saw some obvious selling in the oil and gas plays, with WDS unchanged and STO down 0.5%. Uranium stocks firmed slightly in this heady environment. Tech stocks saw some modest buying, with NXT up 1.7%, CAR doing very well, and TNE up 2.0%. Industrials and retail rose slightly. We also saw good buying with JBH up 1.2%, BXB up 0.1%, and QAN doing well on the back of lower crude prices.

In corporate news today, JDO had a great day after expanding its securitisation deal. IEL was trashed 16.2% after Macquarie slashed its target price, and THL soared 26.1% after a non-binding indicative offer from BGH Capital. Nothing on the economic front today. All eyes are on whether Donald Trump signs off on the latest proposal.

Asian markets eased. Japan up 1.4%, HK up 0.7% and China down 1%. US futures up slightly, Dow up 42 and Nasdaq up 29. European markets set to open around 0.2% higher.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 29 May: US markets hit more records | Peace deal?

Fri, 29 May 2026 09:00:00 +1000

The S&P 500 and Nasdaq Composite closed at records on Thursday as tech resumed its leadership, and traders weighed a reported agreement between U.S. and Iranian negotiators to extend the ceasefire.

The broader index gained 0.58% to 7,563.63, while the Nasdaq Composite rose 0.91% to 26,917.47. Both indexes also hit intraday all-time highs. The Dow Jones Industrial Average was higher by 0.05% at 50,668.97.

Tech stocks rallied Thursday, after a strong earnings outlook from Snowflake revived enthusiasm around the AI trade. Shares soared 36.5%, posting its best day ever after the cloud-based data platform provider issued rosy fiscal second quarter guidance.

Core PCE slightly better than expected - GDP revised down - SPI up 52 - Gold higher

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 28 May: ASX 200 drops 125 points | Banks and gold on the nose

Thu, 28 May 2026 16:00:00 +1000

The ASX 200 took a dive today, down another 125pts at 8593 (1.4%), as the peace deal in the Gulf is starting to slide away. Banks and gold bore the brunt of the selling, with CBA off 2.1% and WBC down 1.3%, with the Big Bank Basket at $269.32 (-1.9%). Insurers also fell hard, QBE down 2.8% and IAG off 1.6%, with financials generally easier, while ASX continues lower.

REITs also fell as bond yields rose, GMG off 1.2% and SCG down 0.8%. Old-school platforms remained under pressure, SEK down 3.9% and REA off 1.1%. Tech fell hard too, XRO off 2.6% and WTC falling 1.6%. The All-Tech Index dropped 1.1%. Healthcare was also under pressure, CSL fell 1.7% and RMD down 1.4%. Supermarkets held up. Industrials slid, BXB down 2.5% and QAN falling 1.5% as oil prices rose.

Resources were sold down as bullion fell heavily and gold stocks turned nasty, NEM down 7.5% and EVN off 7.7%. Lithium stocks held up, PLS up 0.3%, while rare earths fell, LYC off 2.5%. Uranium stocks drifted lower, PDN down 1.7%. The big iron ore miners were also under pressure, BHP down 1.2% and RIO falling 2.5%.

In corporate news, SDR rallied 8.6% after a new partnership deal. CSL dropped again despite the new CEO topping up his holding. VUL rose 2.3% as its financing package closed. And EOS had a good day, up 4.2% on some new director signings.

On the economic front, April household spending collapsed much more sharply than expected, down 1.1% over the month.

Asian markets eased. Japan off 0.5%, HK down 1.4% and China off 0.1%.

US futures down slightly, Dow down 12 and Nasdaq off 141. European markets set to open around 0.7% lower. Oil up 3% on renewed hostilities.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 28 May: US markets mixed | Chips take a breather

Thu, 28 May 2026 08:00:00 +1000

The Dow Jones Industrial Average rose to a new record on Wednesday as oil prices retreated, while the S&P 500 eked out a tiny gain, with chip stocks keeping the index’s gains in check.

The 30-stock Dow gained 182.60 points, or 0.36%, for a record close of 50,644.28. The blue-chip index also hit an intraday all-time high. The broad market S&P 500 ticked 0.02% higher to 7,520.36, another closing record. The Nasdaq Composite also edged up 0.07% to end at 26,674.73.

A decline in oil prices lent the Dow some support. U.S. crude oil fell 5.55% to settle at $88.68 a barrel after Iranian state media said the country is committed to restoring commercial traffic through the Strait of Hormuz to pre-war levels within one month.

Oil down 5% Gold falls - SPI down 38

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 27 May: ASX 200 surges 60 points on CPI | Oil down

Wed, 27 May 2026 16:00:00 +1000

The ASX 200 started slowly with early losses, but after a benign and better-than-expected CPI read, the bulls were back. The ASX 200 closed up 60 points at 8718 (0.7%). Banks fought back from bigger early losses, with CBA up modestly and WBC down 0.6X%. The Big Bank Basket unchanged at $275.52, whilst other financials improved, with MQG up 1.0%. IFT was having a good day on some broker upgrades, up 5.8%, and HUB was doing well too, up 2.0%. A horror run continued for ASX as it fell another 9.7% on the news yesterday of a further capex blowout and broker commentary today. The industrial space was mainly better, with WES gaining 1.4%, ALL up 3.2%, and GMG also having a good day after the results yesterday. Healthcare perked up slightly, with a good run from CSL up 2.4% and FPH also having another good day, up 4.1%. The tech space was mixed, with TLS down 1.0%, WTC up 1.4%, and TNE up as well. The All -Tech Index rose 2% today.

In resources, it was a mixed session, with lithium stocks a little under pressure. PLS fell 1.9%, and MIN also down slightly, but BHP up 1.5% and FMG also doing well. Gold miners were mixed, with a bias to the upside, as NEM rose 1.3%, and coal stocks again were firm, with YAL up 2.1% and WHC up 2.2%. Uranium stocks were also slightly firmer, with PDN up 2.4%.

In corporate news today, WEB rose slightly following results, with guidance maintained. EDV fell 4.9% after it flagged a major restructure of its wine operations. SXL was up strongly after Gina Rinehart emerged as a major shareholder. KMD was also doing well on a strategic review, up 17.3%. NUF also had a good day, up 13.7%, as profits jumped on higher margins.

In economic news, the monthly consumer price index showed inflation slowed slightly to 4.2%, below the 4.4% forecast. The dollar slid slightly on this news and hopes that the RBA is on hold firmed.

Asian markets were once again gripped by chip fever in South Korea and Taiwan. Records and new trillion-dollar valuations. Japan up 0.4%, HK down 1.1% and China off 0.6%. Kopsi up 3.6%. Taiwan up 2.4%.

US futures slightly better. Brent crude down 1.6%

No news on peace deal. US Cabinet meeting today.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 27 May: US markets head higher | S&P 500 at new record

Wed, 27 May 2026 09:00:00 +1000

The S&P 500 gained 0.6% on Tuesday and the Nasdaq climbed 1.2% to fresh record highs while the Dow Jones finished 118 points lower as investors returned from the long weekend with continued focus on developments in the Middle East. Markets remained cautiously optimistic that the US and Iran could still reach an agreement, with traders viewing the two sides as closer than ever to a deal despite mixed signals and further strikes. Technology, industrials, and materials led the market higher, while energy and consumer staples stocks posted the steepest declines. Among individual movers, Micron Technology surged 19.3%, pushing its market capitalisation above $1 trillion for the first time after UBS raised its price target and said the stock could more than double. Alphabet rose 1.4%, Broadcom advanced 1.9%, and Tesla gained 1.8%. On the downside, Nvidia slipped 0.2%, while Microsoft and Amazon fell 0.6% and 0.4%, respectively. Exxon Mobil also declined 3.3% and Walmart was down 1.4%.

SPI down 3 - Oil up - Gold down - Inflation numbers to come.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 26 May: ASX 200 falls 34 points | Gold slips, oil rises

Tue, 26 May 2026 16:00:00 +1000

The ASX 200 eased back 34 points today to 8658 (0.4%) in a quiet session, with US and UK markets closed last night. The banking sector was modestly lower, with NAB falling 0.8% and some more profit taking in MQG down1.6%. The Big Bank Basket $274.56 (-0.3%). Financials generally were under pressure as ASX revealed a further blowout in capex, and the shares fell hard, down 13.2%. Elsewhere, industrials were generally weaker across the board: TLS fell 0.9%, REA down 0.7%, and in the health care sector, CSL continued to push lower. REITs also eased back with an update from GMG, disappointing slightly. WES rose slightly, but generally the markets were on hold ahead of more news coming out of the Gulf.

Tech stocks were barely changed with XRO down 0.1%, WTC off 2.6% and the All-Tech Index off 0.4%.

Resources were mixed. Iron ore miners pushed higher, and S32 had a good day, up 4.8%, with a little interest in lithium stocks, but gold miners eased back as bullion prices fell on a lack of progress in the peace negotiations. NEM off 2.2% Coal stocks gave up some of the gains from yesterday and STO fell 0.9% despite encouraging news from an investor day. Uranium stocks were also easier, with PDN down 3.4%.

In corporate news, KGN ran hard on a positive trading update, and MIN also had a good day. In other news, IFM has rejected the independent valuation of ALX, with directors urging shareholders to reject the takeover bid.

In economic news, the ANZ-Roy Morgan Consumer Confidence index remained near its historic low last week, slipping 0.3 points to 66.1, as households remained under pressure from weak financial conditions and elevated inflation expectations.

Asian markets were mixed with Japan down 0.2%, Hong Kong up 0.3%, China up 0.2%, and the Kospi up again to a new record. US futures were better, with the Dow up 327 and the Nasdaq up 255.

European futures are opening slightly lower. Brent crude up around 2%.

The US and UK reopen today.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 26 May: US markets closed | SPI up 24

Tue, 26 May 2026 08:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 25 May: ASX 200 up 35 points | Gold jumps, oil and gas fall

Mon, 25 May 2026 16:00:00 +1000

The ASX 200 kicked off the week up 35 points to 8692 (0.4%) as optimism on a peace deal washed through. Some scepticism remains, so it was a cautious start to the week. US markets are closed tonight. Banks held firm as NAB rose 1.1% and CBA dropped 0.7%. The Big Bank Basket was steady around $275.42. Insurers slid as yields fell, QBE off 2.1% and MQG lost 1.1%. Other financials were mixed, ASX down 1.2% with HUB up 2.4%. REITs were mixed too, GMG down 0.8% but CHC doing well on an upgrade, up 6.7%. Industrials were mixed, with defensives out of favour. TLS fell 0.9% and REA off 0.3%. WOW and COL steady. Retail rose as bond yields slid, WES up 1.5% and JBH up 1.3%. Tech found its feet, WTC up 0.8% and XRO rising 1.0%, with the All-Tech Index down 0.5%.

In resources, RIO and FMG were all up around 1.6% or better. BHP rose 0.6%. Gold miners bounced hard, NST up 5.7% and EVN up 4.2%, with copper stocks also trading higher, SFR up 2.2%. Lithium and rare earths were mildly positive, LYC up 0.7% and MIN rising 2.7%. Oil and gas stocks eased back, WDS down 4.2%, and coal stocks had a great day after issues at one mine in China.

In corporate news, QAN announced the London-Sydney non-stop route would be delayed by a year. It rallied 5.8% on oil falls. CHC rallied on another earnings upgrade. BPT fell 1.3% after selling a 60% stake in its Otway Basin project.

In economic news, nothing today.

Asian markets were better, with Japan up 3.1%, Hong Kong up 0.9%, China up 0.8%, and the Kospi up modestly. US futures were better, with the Dow up 404 and the Nasdaq up 420. Oil down 5.5% The US and UK are closed today.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 25 May: US markets push higher | Peace deal in sight

Mon, 25 May 2026 09:00:00 +1000

Wall St ended a positive week on a steady note, with the S&P 500 finishing up 0.37% to close at 7,473, capping off an eighth straight weekly gain - the longest weekly winning streak since 2023. The index sits just 0.3% below its all-time high. The Dow Jones added 294 points (+0.58%) to close at a record high. The Nasdaq was up 0.19%. The Russell 2000 added 0.91%.

Hawkish comments from Fed Governor Waller and a jump in longer-term inflation expectations saw the market dip in the afternoon with the Dow Jones up 545 at best. Waller said his current position is to hold rates steady in the near term and remove the easing bias from the policy statement - he was careful to say that doesn't mean the Fed should be thinking about rate increases any time soon.

Kevin Warsh was sworn in as the new Fed chair with President Trump saying Warsh will curtail the Fed's practice of forward guidance.

On the data front, the final May University of Michigan consumer sentiment reading came in at 44.8, down from 48.2 - a fresh record low. One-year inflation expectations were marked up to 4.8% and longer-run expectations moved up to 3.9%.

SPI down 58 - Peace hopes rise - Oil down over 5% this morning - AUD rises - CHC Guides higher.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 22 May: ASX 200 rises 35, up 27 for the week | Tech slips

Fri, 22 May 2026 16:00:00 +1000

The ASX 200 rallied another 35 points to 8657 (0.4%) ahead of a US long weekend. Up 27 pts for the week. Banks pushed ahead, led by CBA up 0.9 %, and the Big Bank Basket to $275.57 (0.8%). Insurers slid as yields fell, NWL off 1.0% and GQG falling 2.2% as tech boomed. Industrials were mixed, TLS fell 1.5% as a broker downgraded the stock, REA continued lower, off 4.1%, as did CAR off 2.8%, with tech stocks also continuing to be pressured. XRO down 0.9% and WTC falling 1.4%, with the All-Tech Index up 0.4% Utilities were also weaker, ORG off 1.8% and APA falling 0.3%.

Resources were generally better, BHP rose 1.1% and RIO up another 1.7%, with S32 doing well, up 5.1% and lithium stocks rising, PLS up 2.9% as gold miners found some bargain hunters. NEM up 0.8% and EVN gaining 3.1%. NST continued to suffer, down 0.6%. Oil and gas mixed. In corporate news, uranium stocks were better, PDN up 5.9% and DYL rising on broker upgrades.

In corporate news, ARU entered a trading halt to raise another $350m at 26c. GYG jumped 9.6% as it announced plans to close the US business. APX jumped 9.4% on a trading update. TUA steady as the M1 deal was pronounced DOA. MYX won a small settlement against Cosette for the failed bid.

In economic news, the Japanese CPI came in below expectations.

Asian markets were better, with Japan up 2.8%, Hong Kong up 1.2%, China up 0.6%, and the Kospi up modestly. US futures were better, with the Dow up 155 and the Nasdaq up 150. European futures are opening around 0.5% lower. Oil up 2.0%. The US and UK are closed Monday.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 22 May: US markets drift higher | Nvidia down 1.8%

Fri, 22 May 2026 09:00:00 +1000

US stocks finished higher on Thursday after a volatile trading session, as renewed hopes for a potential US-Iran agreement to end the conflict pushed oil prices lower for a third consecutive day. The S&P 500 gained 0.2%, the Nasdaq edged up 0.1%, and the Dow Jones rose 276 points to close at a fresh record high. Reports indicated that Iran said the latest US proposal had partly narrowed the gap between the two sides, while Secretary of State Marco Rubio pointed to “some good signs” that a deal could be reached. The decline in oil prices supported broader market sentiment. Utilities led the gains, followed by consumer discretionary and materials, while consumer staples and energy lagged behind. Investors also digested earnings results from NVIDIA (-1.8%), which failed to impress the market. Meanwhile, Walmart fell more than 7% after warning that persistently higher fuel costs could weigh on its business. In contrast, Apple rose 0.9%, Amazon gained 1.3%, and Eli Lilly advanced 2.2%.

SPI up 35 - Long weekend in US - ARU cap raise

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 21 May: ASX 200 jumps 125 points | Strong lead and jobs help

Thu, 21 May 2026 16:00:00 +1000

The ASX 200 bounced back 125 points to 8,622 (1.5%) as the roller coaster continued this week. News from the White House on peace progress was the kicker, together with unemployment numbers coming in worse than expected at 4.5%. Pressure off the RBA. Both banks and resources fired today, with CBA up 0.9% and WBC rising 2.2%, with the Big Bank Basket rising to $273.39 (+1.4%). MQG jumped 1.7% and other financials also did well, with IFT up 4.6% and CGF rallying 1.9%. REITs were also back in demand as yields fell, with GMG up 2.8% and GPT rising 1.5%. Industrials firmed, with WES up 1.4% and CSL rising 1.6%, while RMD was also back in demand, up 1.2%. QAN jumped 3.1% on lower crude prices and VGN took off 9.3%, although volumes were small.

Retailers were better as yields cooled and unemployment may mean the RBA is on hold again. JBH up 3.4% and HVN up 2.1%. GYG had a strong day on a broker upgrade, up 13.0%. Tech stocks were mixed. CAT jumped 10.9% after numbers yesterday, with broker upgrades helping. TNE dipped 2.3%, WTC fell 0.5%, and the All-Tech Index was up 0.3%

In resources, BHP jumped 3.1% on copper exposure, RIO up 3.2%, and gold miners were back in favour. NST fell 2.1% as the CEO stepped down. EVN up 3.8% and GMD rising 0.7%. Lithium stocks were better, with LTR up 4.2% and MIN jumping 2.9%. Oil and gas stocks eased back, as did coal, but uranium stocks rose.

In corporate news, SGH fell 0.8% after a very in-depth investor day. IPX rose 5.2% after commissioning a 300-tonne axis SACMI in US.

On the economic front, unemployment came in worse than economists expected at 4.5%. Morgan Stanley is predicting the largest house price correction in 40 years! The bank is talking a 10% fall.

Asian markets better, Japan up 3.2%, Hong Kong down 0.7%, China down 0.6%. Kospi up 8.2%

US futures ease with Dow down 74, Nasdaq down 6. European futures opening around 1% lower. Oil up 1%.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 21 May: US markets rally on peace hopes | Yields and oil drop

Thu, 21 May 2026 09:00:00 +1000

SPI Futures up 104 points. ASX to open higher. US Futures lower on Nvidia.

Wall St bounced sharply as oil fell and bond yields retreated from multi-year highs on hopes the Iran war is nearing resolution. S&P 500 up 1.1%. Dow Jones up 645 points (+1.3%), closing back above 50,000. Nasdaq up 1.5%. Volume above average. Every sector higher except Energy, down 2.6% on the oil drop. Consumer Discretionary the standout, up 2.5%. Semis roared back - Philadelphia Semiconductor Index up 4.5%.

Trump reports US-Iran negotiations are in their "final stages", which triggered a sharp drop in oil. WTI down 9.3% to $101.7. Brent down 5.1% to $105.4. Two Chinese oil tankers exited the Strait of Hormuz. Iran is enforcing a multi-tier approval process for passage involving vetting and sometimes fees, so the strait is not fully open, but traffic is improving. The pattern of the last two months holds - hope, then reality. Bond markets took the Iran comments at face value. US 10Y down 8.2bp to 4.59%, US 2Y down 6.3bp. 30Y pulling back from its highest since 2007. Dollar index down 0.2%.

Nvidia delivered Q2 revenue guidance of $91bn beating the $87bn consensus. Below the highest of estimates of $96bn. Stock down after hours on comments that competition is rising. The AI infrastructure demand story remains intact and data centre revenue continued to accelerate. Nvidia also announced an $80bn buyback and raised its quarterly dividend. The market broadly got the reassurance it needed, if not the blowout some had hoped for. Nvidia rose 1.3% in the regular session. Peers AMD up 8.1%, ASML up 6.2%, Intel up 7.4%.

Oil down - Yields fall - Gold up

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 20 May: ASX 200 smacked 108 points again | Resources under pressure

Wed, 20 May 2026 16:00:00 +1000

The ASX 200 gave up yesterday's gain and more, dropping another 108 points to 8,497 (1.3%) as the rout continues. Resources bore the brunt of the selling as inflation fears stoked higher rates and tore through commodities. BHP fell 2.3% and RIO off 1.5% with gold miners under pressure again, EVN down 4.9% and NEM falling 4.5%. Oil and gas firmed, but uranium stocks eased back, PDN down 4.5%. Lithium stocks found some friends with PLS up 1.9%. Industrials were also weak across the board as TLS fell 1.1% and REA dipped 2.0%. Tech stocks couldn't shrug off the negativity despite good results from CAT and broker upgrades to TNE. Healthcare drifted lower.

Banks were hit hard as one broker said conditions were tough, WBC fell 2.4% with ANZ off 2.1% and the Big Bank Basket falling to $269.72 (0.8%). Other financials also under pressure, MQG fell 2.0% and NWL and HUB dropped. Insurers also saw sellers, QBE off 1.0% and IAG down 0.4%. REITs fell as bond yields rose again. GMG down 2.1% and CHC falling 3.3%.

In corporate news, WJL tumbled 11.2% after earnings came in worse than expected and guidance was moved down. JHX fell 0.9% after lacklustre results too. EOS tumbled 10.3% as it raised funds at 800c and FLT fell 3.6% after a US$5m US strategic acquisition.

On the economic front, total wages and salaries paid by employers rose 1.4% to a record $110.6bn in March. National Australia Bank says weekly consumer spending patterns have stabilised with travel especially weak.

Asian markets fell, Japan down 1.6%, Hong Kong down 0.7%, China flat. Kospi down 2.8%.

US futures mixed with Dow down 31, Nasdaq up 32. European futures opening around 1% lower. Oil down slightly.

Nvidia tonight in the US. European futures opening around 0.6% lower.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 20 May: US markets retreat as bond yields head higher | SPI down 39

Wed, 20 May 2026 09:00:00 +1000

US equities extended their decline on Tuesday as a continued selloff in US Treasuries, driven by inflation concerns tied to the war in the Middle East, pressured investor sentiment. The S&P 500 finished 0.7% lower, the Nasdaq closed down 0.8% while The Dow shed more than 300 points, or 0.6%. AI infrastructure companies continued their correction after soaring this month, previously supported by bumper earnings and ambitious guidance. Speculative long positions propelled AI infrastructure stocks higher in the period, prompting a pullback in risk sentiment and a cautious outlook by Seagate to spark a sharp pullback. Seagate sank 10% so far this week. Hyperscalers also fell with Amazon, Tesla, and Meta dropping up to 2% on Tuesday. Meanwhile, Dominion energy sustained its surge from the previous session and NextEra Energy bounced from sharp losses following NextEra's $67 billion acquisition of the former, the largest ever in the power sector.

SPI down 39 - Resources under pressure - JHX results - Nvidia in focus

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 19 May: ASX 200 jumps 99 | Banks lead rebound, CSL better too

Tue, 19 May 2026 16:00:00 +1000

The ASX 200 bounced back 99 points today to 8605 (1.2%) as banks led the recovery. CBA gained % with the Big Bank Basket up to $271.83 (=1.5%%). NAB the standout gaining 2.0%. MQG also had a good day up 1.9% and insurers did well as higher bond yields helped, QBE up 2.9% and MPL rising 2.1%. REITs also had a better day with GMG up 1.8% and CHC up 2.2%.

Industrials were firm, WES finally finding buyers up 2.4% and TLS gained 2.6%. WOW and COL both did very well on some broker upgrades. Healthcare also found support, CSL up 2.6% and RMD gaining 2.0%. BXB fell another 0.6% and TUA up 17.6% after a 68% fall yesterday. Tech slightly better with the All-Tech Index up 0.8%.

Resources eased back, iron ore off in Asia, BHP down 0.1% and FMG down 0.3% with gold miners mixed, NEM up 1.8% and NST falling 0.7%. Lithium and rare earth stocks slid, LYC down 4.3% and PLS falling 1.3%. Oil and gas stocks held, uranium stocks gained, coal better too.

In corporate news, MIN rose 2.6% after it announced a restart at Bald Hill, SLC flagged a 4.5m share purchase for staff. TNE fell 2.9% as FX headwinds hurt.

On the economic front, RBA minutes pointed to a pause perhaps from the RBA.

Asian markets bounced a little, Japan down 0.5%, HK flat, China down 0.4% Kospi down 2.8%.

US futures lower with Dow down 39, Nasdaq down 105. European futures opening around 1% lower. Oil down around 2%.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 19 May: US markets volatile | Trump delays attack

Tue, 19 May 2026 08:00:00 +1000

The Nasdaq Composite and the S&P 500 fell on Monday, bogged down by declines in technology, as traders monitored oil prices and bond yields while awaiting further developments with the conflict in the Middle East.

The broad market benchmark dropped 0.07% to end at 7,403.05, while the tech-heavy Nasdaq slid 0.51% and closed at 26,090.73. It was the second straight day of declines for both indexes. The Dow Jones Industrial Average closed up 159.95 points, or 0.32%, at 49,686.12.

SPI up 92 - RBA Minutes - TNE Results

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 18 May: ASX 200 sinks 126 as bond yields rise and commodities fall

Mon, 18 May 2026 16:00:00 +1000

The ASX 200 fell 126 points to 8,505 (-1.5%) today in a dismal start to the week. Thankfully, the banking sector held up relatively well, with CBA posting a 1% rise, while insurers also performed strongly on the back of higher bond yields. The Big Bank Basket rose to $267.83 (+0.3%). Other financials did not fare as well, with MQG falling 2.6%, HUB down 1.1%, and the REIT sector also under pressure, with GMG down 4.0% and CHC off 3.5%.

Industrials were weaker across the board, with the healthcare sector hit again. CSL fell 1.8% and RMD dropped 0.5%. A couple of poor results this morning set the tone for further weakness in industrials, with SGH down 2.9% and BXB falling 20.2% on a downgrade to earnings, as pallet repair apparently became a thing. The tech space was mixed, with XRO falling 2.0%, although WTC rose slightly, helping the All-Tech Index finish marginally lower.

The real damage today came from the resources sector as iron ore stocks reversed and copper prices came under pressure. BHP fell 2.8% and RIO dropped 3.6% as sentiment towards bulk miners deteriorated.

Gold miners were also under pressure as bullion prices eased, even while the oil price rose. NST fell 2.4%, while EVN suffered the double whammy of weaker gold and copper prices. Oil and gas stocks were inevitably firmer as crude prices pushed higher. WDS rose 2.9%, while STO gained a similar amount. Uranium stocks slipped again, with PDN down 2.5% and BOE off 3.8%.

In corporate news, three major stories stood out. TUA dropped an astonishing 62.8% following issues in Singapore relating to its spectrum licences. ELD also came under pressure, down 22.9%, as higher diesel prices and a messy result hurt sentiment. Meanwhile, the downgrade from BXB simply added to today’s misery. Down 20.8%

There was little on the economic front today, although all eyes remain firmly fixed on bond markets as inflation fears continue to build.

Asian markets drop hard, Japan down 0.7%, HK off 1.1%, China down 0.6% Kospi bouncing

US futures lower with Dow down 386 Nasdaq down 192. European futures opening around 1% lower. Oil up over 1.2%.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 18 May: US markets slip | SPI drops 38

Mon, 18 May 2026 08:00:00 +1000

Stocks fell sharply on Friday as investors grew increasingly concerned about the impact of the prolonged conflict with Iran, particularly the risk that higher energy prices could further fuel inflation and keep interest rates elevated. The S&P 500 lost 1.2%, the Nasdaq Composite dropped 1.5% and the Dow Jones fell 1.1%. Investors took profits in the technology sector following strong recent gains. Intel declined 5%, while Advanced Micro Devices and Micron Technology fell 3% and 4%, respectively. Nvidia lost 2%, and Cerebras Systems dropped 4% after surging 68% in the previous session following its Nasdaq debut. Microsoft outperformed, rising 4% after Bill Ackman revealed that Pershing Square had built a position in the company. Boeing shares also extended losses, falling 3% after dropping nearly 5% a day earlier, as investors reacted negatively to Trump’s announcement that China agreed to purchase 200 Boeing jets, only modestly above prior expectations.

SPI down 38 - BHP falls hard in US - BXB Downgrades.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 15 May: ASX 200 falls 10 points | Banks bounce, resources sink

Fri, 15 May 2026 16:00:00 +1000

The ASX 200 eased back another 10 points to 8631 (0.1%), capping off a miserable week at the index level. The index fell 1.3% this Budget week, mainly as banks crashed with CBA in focus. Banks made up some lost ground after significant falls this week, with CBA up 1.9%, ANZ up 1.1%, and the Big Bank Basket rising to $266.97 (1.4%). Insurers had a good day, with QBE rising 1.9% and SUN also doing well. REITs strengthened, with VCX up 1.6% and GPT also leading the charge. Industrials were firm too, with stocks like SHG, REH, and WOR all posting solid gains today. Even the supermarkets WOW and COL were firmer despite recent court woes.

Healthcare edged higher, with RMD up 1.2% and CSL finding some friends, up 0.7% , but the real stars of the show today were, surprisingly, the tech space, with XRO bouncing 8.1% following yesterday’s results and WTC also having a strong day, with the All-Tech Index bouncing 2.3%.

Whilst banks, industrials, and technology stocks were firm, resources were well and truly on the nose today as inflation continues to plague the market, or at least traders’ thoughts. Copper and gold both eased back, with BHP down 2.6% and RIO falling 3.2%. The gold stocks were also under pressure, with NEM falling hard, as did EVN, down 5.5%. Lithium stocks also took a breather, and news that Chris Ellison had sold part of his holding in MIN also weighed on the sector, down 7.7%. The oil price continues to bubble higher, with no resolution, it seems, on the blockade in the Gulf. WGS did well, up 2.1%, and STO also had a blinder today, rising 2.7%. In corporate news, EOS shot the lights out as it prepares to take control of MARSS Defence Technology in the coming days, while also securing a $165 million order from an existing Middle Eastern customer. TWE added 1.9% after French billionaire Olivier Goudet lifted his stake in the company.

Nothing on the economic front. Asian markets drop hard, Japan down 2.1%, HK off 1.6%, China down 0.8%, Kospi off 6%.

US futures lower with Dow down 184, Nasdaq down 367. European futures opening around 1% lower.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 15 May: US markets hit new records on AI boom | Gold eases, banks to rebound

Fri, 15 May 2026 09:00:00 +1000

Stocks were higher on Thursday, with the Dow Jones Industrial Average retaking 50,000 after strong earnings from Cisco Systems and following a key meeting between U.S. and China.

The 30-stock index popped 370.26 points, or 0.75%, to end at 50,063.46. The S&P 500 climbed 0.77% and closed at 7,501.24, while the Nasdaq Composite gained 0.88% to 26,635.22. Those two indexes scored fresh all-time intraday highs and record closes.

Cisco’s gain gave the Dow a boost, sending it to 50,000 during the session. The Dow also got a lift from Nvidia also advanced more than 4% after Reuters reported that the U.S. has cleared about 10 Chinese firms to purchase Nvidia’s H200 chip, though no deliveries have been made yet.

Retail sales were better than expected. Cerebras IPO was a huge success.

SPI up 50 – Banks in focus – Resources under a little pressure.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 14 May: Budget aftershock

Thu, 14 May 2026 17:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 14 May: US markets mixed | Trump in Beijing

Thu, 14 May 2026 09:00:00 +1000

US equities were mixed, with tech outperforming losses in broader sectors as faster inflation weighed against the ongoing AI rally. The S&P 500 and the Nasdaq rose more than 0.5% while the Dow fell 200 points. Producer inflation surged more than expected in April, both for energy-exposed goods and non-energy services, to show that the impact of the war in the Middle East on prices has spread past direct fuel costs onto the broader economy. This coincided with a fresh increase in refined fuel prices this week amid the continued blockade of tankers in the Persian Gulf. Still, strong earnings prospectives from AI software and hardware producers continued to carry stock indices since the Q1 earnings season. Hyperscalers were higher premarket after SoftBank unveiled soaring gains from its private OpenAI stake. Also, Nvidia gained 2.5% as CEO Huang surprisingly joined other tech leaders and the US delegation in their summit with China.

SPI down 22 - Copper in focus - BAP warns- XRO updates

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 13 May: ASX 200 drops 40 points | CBA drops 10.4%

Wed, 13 May 2026 16:00:00 +1000

The ASX 200 fell another 40 points to 8630 (0.5%) as the banks came under intense pressure following the budget last night. Adding to the bank woes was the update from CBA, which shocked the market as bad debts rose and growth was sadly lacking. CBA fell an astonishing 10.4%, with the other three banks also falling hard on changes to housing policy in the budget. The CBA fall accounted for around 85 index points. The Big Bank Basket fell hard to $260.67 (-7.1%) as the Big Resource Basket soared 2.2%, overtaking the banks. BHP led resource stocks higher, hitting another record high, up 2.9%, and claiming the mantle back from CBA as the 'big Australian'. RIO also had a good day on the back of near-record highs in copper, with FMG also putting on the ritz. Given the fall in CBA, the index elsewhere had a good day.

The gold miners were in demand, although bullion was relatively stable. EVN up 0.6%, and NST up 1.0%. Lithium stocks had a small break today, with PLS easing back 0.9%, as did LTR, but rare earth stocks were back in demand, with LYC up a further 2.0%. Energy stocks were mixed, with WDS up 0.4% and STO having a good day, up 1.6%, but uranium stocks eased back, with PDN falling hard on results. Coal stocks firmed.

Industrials generally rose post-budget, with the REITs doing well. GMG up 1.4%, WES finding a base, up 0.4%, and even retail stocks looking a little firmer, JBH up 2.0%. One of the big winners was in the gaming space, with ALL updating the market with some latest numbers and rallying strongly, up 13.3%. Technology stocks were also in demand today. XRO rose after announcing some AI integration progress, although WTC was still on the nose. Healthcare stocks were also slightly better today, with CSL up 0.2% and RMD having a good day for a change, up 2.0%. Financials ex the banking sector were also firm, with AMP up 1.7% and GQG having a very good day, up 4.8%.

In corporate news, CSL signed a flu vaccine deal in South America, PRN also doing well up 8.4%, after being awarded a mining contract, and TPW fell again after guidance was cut. In other news, WTC fell slightly after DSV confirmed it will transition away from cargo-wise and on to an in-house solution. ALL was a huge winner on a first half beat.

Asian markets better with Japan up 1.2%, China up 0.5% and HK down 0.2%; The Kospi back up 2.4%

US futures modestly higher, Dow futures down 2, Nasdaq up 149. European futures opening slightly higher. US PPI tonight.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 13 May: US markets slip a little | Chips fall, oil up

Wed, 13 May 2026 09:00:00 +1000

US stocks cut losses in the last three hours of trading, with the S&P 500 closing 0.2% lower, the Dow remaining near the flat line, and the Nasdaq falling 0.7%. Hot April CPI report consolidated worries that higher energy prices may dent earnings prospectives backing bets that the Fed will not cut rates this year against recent evidence of a robust labor market. Alphabet, Amazon, Microsoft, Tesla were down more than 1% while Nvidia and Apple turn positive. Chip and memory producers also declined as South Korea mulled establishing a universal dividend for the recent surges in AI infrastructure stocks, pressuring Broadcom and AMD to fall 2%. Meanwhile, telehealth company Hims & Hers plunged 15% after its first-quarter earnings report missed expectations.

SPI down 10 - Oil up - Gold slips - CBA 3Q results - Budget in focus.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 12 May: ASX 200 drops 31 points | Industrials, banks, healthcare fall

Tue, 12 May 2026 16:00:00 +1000

The ASX 200 fell 31 points to 8671 (0.4%), as once again we saw selling in the banking sector weigh on the market. The Big Bank Basket fell to $280.74 (1.6%), with CBA down 1.4%, ANZ falling 2.1%, and MQG also coming off the boil, down 2.2%. Other financials also eased back, NWL dropped 3.0% and XYZ down 3.1%. Once again, we also saw REITs under pressure, with SCG off 1.1% and CHC down 1.2%. Industrials were also weaker across the board, led lower by WES down 1.8%, with two supermarkets falling heavily and the tech sector under renewed pressure, with WTC falling 5.9% and XRO falling 3.5%. The All-Tech Index fell yet again by 2.8%. In the healthcare space, a continuation of the falls, as brokers downgraded CSL and it fell another 2.2%, with RMD also now heading much lower, down 3.4%. Retail stocks also suffering, with JBH off 2.1% and HVN falling 2.5%.

Resource stocks, though, had a good day, with BHP hitting record highs up 2.5%, with RIO leaping 3.1% and FMG also firming. Gold stocks were also doing well today on the back of a higher bullion price, with EVN up 2.8% and NEM also doing well, up 4.4%. S32 had a good day, and lithium stocks also powering ahead, with LTR roaring up 5.3%. Oil and gas stocks were slightly firmer, with coal and uranium stocks both under pressure, with PDN falling 3.9%.

On the corporate front, DRO fell heavily after ASIC announced an investigation into Director Selling. HLO rose slightly after Peter Costello was appointed a director. IAG firmed 1.9% after it unveiled its refreshed ‘Ambition 2030’ strategy.

In economic news, business credit demand flattened in the first quarter. Business conditions fell for the fourth straight month in April, according to the NAB monthly business survey, and we did see the ANZ Roy Morgan survey as well of consumer sentiment hitting lows again. It dropped 3.1% to 64.1%, the fourth lowest reading since the series started in 1973.

Asian markets saw losses today; Japan up 0.5% on the Nikkei, HK flat%, and China down 0.3%. Kospi fell 3.2%

US futures headed lower. Dow down 10, Nasdaq down 130. 10-year yields drifted to 4.99%. European markets are set to open lower. US CPI tonight.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 12 May: US markets slightly better | Budget in focus

Tue, 12 May 2026 08:00:00 +1000

US stocks rose on Monday, rebounding from a subdued start to the session, as the S&P 500 added 0.2% and the Nasdaq gained 0.1% to reach fresh record highs, supported by a strong rally in chipmakers amid continued optimism over AI-driven demand. The Dow Jones also advanced 95 points. Among the standout performers, Nvidia climbed 2%, Tesla surged 3.9%, Qualcomm jumped 8.4%, and AMD added 0.8%. Micron Technology soared 6.5%, as labour unrest at Samsung Electronics and ongoing supply constraints fuelled expectations of tighter memory-chip markets. Energy, materials and industrial stocks also posted solid gains. The market’s advance came despite another increase in oil prices after US President Donald Trump rejected Iran’s response to his proposal, warning that the ceasefire was on “life support”. Investors were also turning their attention to an expected summit later this week between President Trump and Chinese President Xi Jinping.

SPI up 13 - Gold firms - Oil jumps - Budget in focus.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 11 May: ASX 200 falls 43 to 8702 | CSL drops 16% on write downs

Mon, 11 May 2026 16:00:00 +1000

The ASX 200 dropped 43 points to 8702 (0.5%) as CSL shocked investors again, with a huge write-off and a downgrade to guidance. CSL accounted for most of the loss today. Elsewhere, banks recovered some from earlier large losses, CBA down 1.1% and ANZ, XD down 2.4%. The Big Bank Basket fell to $285.25 (-1.1%) ANZ XD. MQG flat, well off session lows. Other financials found their feet, NWL up 1.1%, and IFT pushing another 3.7% ahead. REITS eased back except GMG, which was up 2.1%. Industrials mixed, BXB fell 1.4%, QAN dropped 1.8% as oil rose in Asian trade, ALL down 1.0%, and retailers still struggling somewhat. WOW and COL ease, but healthcare was shaken by CSL dropping 16.0% with SIG also slipping slightly. Tech was flat as we await the Xi/Trump meeting and the economic data this week.

Resources were mostly better, BHP up 0.7% and RIO doing well, up another % with gold miners easing on bullion, NST down 1.9% and GGP off 2.6%. Lithium and rare earths rose higher ahead of the summit, WDS rose 1.5%, and uranium stocks recovered from early losses. PDN up 5.8% and DYL rising 4.6%.

In corporate news, ING upgraded enough to not fall foul of investors, CSL was a bloodbath, and OML got another NBIO from PE.

Nothing today locally on the economic front. Chinese CPI came in higher than expected.

Asian markets saw losses today; Japan slipped 0.4% on the Nikkei, HK down 0.2%, and China up 1.4%. Kospi up 4% again.

US futures are mixed. Dow down 88, Nasdaq down 5. 10-year yields drifted to 4.99%. European markets are set to open slightly higher.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 11 May: US markets push a little higher | SPI down 42

Mon, 11 May 2026 08:00:00 +1000

The US markets just keep on keeping on. The S&P 500 ended up 0.84% at 7,398 and the Nasdaq gained 1.71% to 26,247, both hitting record highs. The Dow was little changed, up 12 points to 49,609. The tech sector led with the sector up 1.8%. Both the S&P 500 and Nasdaq logged their sixth straight weekly gain, with the S&P 500 now up +8% year to date and the Nasdaq up +13%.

SPI down 42 - Budget looms - CSL downgrade and impairment - OML bid.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 8 May: ASX 200 falls 1.5% as banks smacked | Up 14 points for the week

Fri, 08 May 2026 16:00:00 +1000

The ASX 200 we dropped 134 points to 8744 (-1.5%) today as the banking sector came under extreme pressure. We saw CBA down 1.9%, WBC down 4.8% ex-dividend today and the Big Bank Basket falling to $288.50 (-2.3%). Other financials also under pressure today, with the insurers falling as QBE updated the market on their gross written premium expectations and MQG suffering after reporting their second-biggest profit ever, falling 1.1%. Other financials also in trouble today included GQG falling 4.1% and the ASX down 3.2% too, with ZIP giving up some of its gains this week. REITs also under pressure with GMG down 1.9% and SCG down 2.4%. Industrials generally were weaker today, with WES continuing to fall as well, down 2.0% with ALL slipping lower too. Healthcare once again eased back, with CSL falling again and RMD slipping 0.9%. Both COL and WOW slipped today, as well as utilities, where we had ORG down 2.3% and APA down 2.0%.

Resources generally were somewhat better than their banking cousins, with BHP down only 1.0%, RIO off 0.8%, and the gold miners easing back, but generally a little mixed, and we had NST down 2.5%. Lithium stocks slipped, and we saw energy stocks as well under some pressure, with WDS down 1.4% and the coal stocks easing back together with uranium stocks.

In corporate news today, REA rose 1.4% despite lowering its full-year cost growth guidance. QBE reaffirmed its guidance, and TAH continued to fall on analyst downgrades following the investigation launched by AUSTRAC. We also had NWS results today with a stronger-than-expected third quarter.

Nothing on the economic front as we await US NFP numbers for April. Locally, Westpac pushed out its next RBA rate rise to August. UK Council elections see 'Reform' doing well.

Asian markets saw losses today; Japan slipped 0.4% on the Nikkei, HK down 1.1% and China down 0.5%.

US futures slightly higher. Dow up 85, Nasdaq up 137. European markets set to fall around 0.7%.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 8 May: US markets ease ahead of NFP | SPI down 152

Fri, 08 May 2026 08:00:00 +1000

The S&P 500 fell on Thursday after hitting a new all-time intraday high as oil prices came back from sizable losses, with traders eyeing more developments between the U.S. and Iran.

The broad market index fell 0.38% to close at 7,337.11, dragged lower by losses in Amazon as well as semiconductor stocks such as Broadcom and Micron Technology. The Nasdaq Composite slid 0.13% and ended at 25,806.20. The tech-heavy index had also scored a fresh all-time high during the session. The Dow Jones Industrial Average shed 313.62 points, or 0.63%, settling at 49,596.97.

Oil prices came off their session lows after trading meaningfully below $100 earlier in the session. U.S. West Texas Intermediate crude futures settled down 0.28% at $94.81 per barrel, while international Brent crude futures fell 1.19%, closing at $100.06 a barrel.

SPI down 159 – MQG results beat – Gold steady – Waiting for Iranian answer and NFP

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 7 May: ASX 200 jumps 85 points | BHP shines, gold miners back

Thu, 07 May 2026 16:00:00 +1000

1The ASX 200 soared another 85 points to 8878 as US markets hit records. The Japanese market breached 62,000 for the first time ever, and resources rebounded hard on the back of falling oil prices. The banking sector was firm, with the Big Bank Basket rising to $295.43 (+0.5%), despite NAB going ex-dividend today, which wiped around 12 to 14 index points off. Other financials also had a good day, with the likes of HUB doing well, MQG up 0.5% and NWL also doing well. The Macquarie Conference continues, and ZIP rose 4.8% following an update which was pretty well known, given the results have only just come out. Industrials, though, were a little wishy-washy across the board, with healthcare once again under some pressure, as CSL fell another 2.1%, SIG also falling perhaps on its UK expansion plans, and utilities also under some pressure, as ORG fell 2.6% as well. Retail sector was better, with WES rising 1.4%, together with JBH up 2.0% as well. One that did disappoint was SUL, down 2.9%, as it updated the market on disappointing trading conditions. Over in the gaming space, ALL fell slightly, but the big fall of the day was TAH, which was smashed 23.5% after news that AUSTRAC was investigating the bookie. LNW also fell 8.3% on the back of their results today. Technology shares were once again under pressure, with WTC down 0.9% and XRO falling 2.0% and the All -Tech Index down 0.1%.

The stars of the show today, though, were the iron ore majors in the resource sector, together with the gold miners as bullion rallied hard as the oil price has fallen. NST up 4.4%, EVN up 6.3%, and NEM up 2.8%, helping the index. BHP had a great day, up 3.8%, as it looks to rise towards $60. Uranium shares were also flying today, as their international counterparts rallied hard, PDN up 8.5%. In the coal sector, not such a merry old place to be. NHC fell 4.3%. WDS and STO both hit hard today, as the crude price fell. In corporate news today, BFG bounced hard on better profit numbers, A1N dropped and entered a trading halt as the fallout from the Kyle and Jackie ‘O’ show continues. FPR had a strong first half, but SUL struggled on the sales front. In economic news today, we had the international trade in goods numbers, which decreased by $6.867bn in March.

Asian markets saw big gains as they returned from Golden Week holidays and played catch-up. Japan soared 6% on the Nikkei, HK up 1.4% and China up 0.3%. US futures slightly higher. 10-year yields drifted to 4.93%

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 7 May: US markets hitting records on peace deal | Oil drops

Thu, 07 May 2026 08:00:00 +1000

The S&P 500 advanced 1.46% to 7,365.12, while the Nasdaq Composite gained 2.02% and ended at 25,838.94. Both indexes touched new highs and closed at records. The Dow Jones Industrial Average added 612.34 points, or 1.24%, to close at 49,910.59.

Axios reported, citing sources, that the U.S. and Iran were getting close to a deal that would bring a resolution to the conflict. According to the report, the agreement would include a moratorium on nuclear enrichment. An Iranian foreign ministry spokesperson also told CNBC that Iran was evaluating a U.S. proposal toward a resolution.

Chipmaker Advanced Micro Devices added to the gains, soaring 18.6% after the company issued a rosy outlook for the second quarter. AMD also beat expectations on the top and bottom lines in the first quarter. The report lifted the broader chipmaker sector. The VanEck Semiconductor ETF (SMH) jumped 5%. Intel climbed 4.5%.

Stocks posted strong gains Tuesday, lifted by solid earnings and the ceasefire between Iran and the U.S. remaining in place.

SPI up 95 – Gold up nearly 3% - ORI results – CCP reaffirms.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 6 May: ASX soars 113 points as banks and big miners charge higher

Wed, 06 May 2026 16:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 6 May

Wed, 06 May 2026 09:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 5 May

Tue, 05 May 2026 17:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 5 May

Tue, 05 May 2026 09:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 4 May

Mon, 04 May 2026 17:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 4 May

Mon, 04 May 2026 08:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 1 May: ASX 200 up 64 points | ANZ curbs enthusiasm, resources shine

Fri, 01 May 2026 16:00:00 +1000

The ASX 200 popped 64 points higher today to 8730, up 0.7%. Ends longest losing streak since 2018. Down 0.7% for the week. Banks were flat following a slightly disappointing outlook from the CEO of ANZ as the first bank to deliver its profit result. The Big Bank Basket closed at $286.93 (-0.6%). The rest of the finance sector did well, though, with MQG pushing up another 1.3% ahead of results next week. Insurers also did better, with QBE rising 0.6% and IAG having a very solid day. Whilst over on the REIT sector, we saw good strength across the board, with GMG up 1.3% and GPT up 1.3%. Industrials were a mixed picture, with WOW still smarting after its comments yesterday on earnings guidance down %, whilst COL rose 3.7% after its own trading update. Tech stocks were once again mixed, with WTC rising 2.4% and XRO also slightly firmer, with the All-Tech Index up 0.8%. Health care once again had another mixed picture, with RMD falling 3.5%. Although CSL managed to hold firm, COH found some friends up 5.1%.

The real action today was in the resource sector, as we saw a bounce back in the iron ore majors, with BHP up 2.3% and RIO doing very well, up 2.7%. Once again, lithium stocks were in demand, with LTR featuring very strongly and PLS also up 2.0%. The gold miners were better, as the bullion price picked up and some end-of-week book squaring with EVN up 2.1%. In the oil and gas space, WDS slipped 1.3% and STO was unchanged, with coal stocks slightly firmer and uranium stocks picking up some ground after a volatile week.

In corporate news today, we had the ANZ result, with COL also delivering an in-line result. Nothing on the economic front, though analysts are falling over themselves to predict that the RBA will raise rates next week.

Asian markets mixed as Japan up 0.6% and China and HK easing back.

US Futures pushed slightly higher with the 10-year yields easing to 5.02%

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 1 May: US markets hit records on AI boom | Oil falls

Fri, 01 May 2026 09:00:00 +1000

Stocks rose on Thursday, with the S&P 500 reaching a fresh all-time high, as investors reacted to upbeat earnings from Caterpillar and Alphabet and moved past fears of a possible escalation between the U.S. and Iran.

The broad market index rose 1.02% to close at 7,209.01, its first close above the 7,200 threshold. The tech-heavy Nasdaq jumped 0.89% to 24,892.31, hitting new intraday and closing records as well. The blue-chip Dow Jones Industrial Average added 790.33 points, or 1.62%, to settle at 49,652.14.

Caterpillar shares popped nearly 10% on Thursday after the company reported better-than-expected quarterly figures, boosting the Dow. The industrial name, which is viewed as a bellwether for the global economy, also upped its annual revenue outlook.

SPI up 127 - ANZ - RMD results - Gold up - Oil down.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 30 April: ASX 200 falls 21 points | Banks good, resources bad

Thu, 30 Apr 2026 16:00:00 +1000

The ASX 200 fell 21 points to 8666 (0.2%). Banks held firm as resources struggled against a sea of oil troubles. As crude rallies, commodities elsewhere are falling. ANZ results kick us off in the morning and the Big Bank Basket firmed to $ 288.69 (+0.9%). Other financials did well too, SOL up 2.6% with AMP better and insurers also doing well, QBE up 0.8% and MPL up 1.7%. REITs better too, GMG up 2.2% and SCG rising 1.6%. Industrials had a green tinge, WES rallied 0.8%, BXB 2.5% better and REA jumped 1.5%. Tech stocks got a boost from US tech, WTC soaring 3.4% with NXT up 1.7%. The All-Tech Index up 0.5%. Healthcare mixed, CSL falling another 1.1% with RMD in trouble, off 1.9%.

Resources bore the brunt of the selling, BHP off 2.2% with FMG down too, gold miners slid, NST off 2.7% and EVN falling 5.3%. Higher oil prices hurting. S32 collapsed 5.4% on an update from a US project, MIN jumped 3% on an update and lithium stocks slipped lower. LTR down 3.3% and IGO off 1.9%. Oil and gas pushed ahead, WDS up 1.5% and STO up 3.0%. Uranium stocks sold down, PDN off 4.7% and LOT fell 34.0% on production issues.

In corporate news, EOS reported a $518m contract backlog. 4DX has a cash balance of $282.7m. Operating revenue rose 12% to $5 million with gross margins above 90%. WOW was smashed 7.8% on an update as higher diesel costs are starting to impact profits. The ASX announced Daniel Yip will take over as interim CEO.

In economic news, prices for imports rose 0.1% in the March quarter 2026 but fell 0.3% over the last 12 months. ECB and BoE tonight.

Asian markets slide, Japan down 1.1%, China down 0.3% and HK off 1.3%.

Dow Futures down 280, Nasdaq down 80. Oil hits wartime high.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 30 April: US markets stall on Fed and tech numbers | SPI down 69

Thu, 30 Apr 2026 08:00:00 +1000

The Dow Jones Industrial Average ended Wednesday lower as oil prices continued their rally amid a U.S. blockade of Iranian ports and after the Federal Reserve left its key interest rate unchanged. Traders also awaited quarterly earnings from four of the “Magnificent Seven.”

The 30-stock index fell 280.12 points, or 0.57%, to close at 48,861.81 and notch a fifth straight losing day. The S&P 500 inched down 0.04% to close at 7,135.95, while the Nasdaq Composite crept up 0.04% to 24,673.24.

Oil prices rose for another day on Wednesday after The Wall Street Journal, citing U.S. officials, reported that President Donald Trump has told aides to prepare for an extended blockade of Iran. Prices then took a leg higher after Axios reported that Trump has rejected Iran’s proposal to reopen the Strait of Hormuz and said that the U.S. naval blockade will stay in effect until a deal addressing concerns about the Middle Eastern country’s nuclear program is reached.

U.S. West Texas Intermediate futures gained 7.17% to settle at $107.16 per barrel. International benchmark Brent crude futures advanced 6.78% to end at $118.80 a barrel.

SPI down 69 - Metals sink - Tech stocks mixed on results - US Futures unchanged.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 29 April: ASX 200 falls 24 points | CPI slightly better than expected

Wed, 29 Apr 2026 16:00:00 +1000

The ASX 200 slipped another 24 pts to 8687 (0.3%) as CPI beat expectations. Banks eased back again, the Big Bank Basket fell to $286.25 (-1.1%) with CBA off 1.4% and WBC falling 1.0%. Financials mixed, CGF 1.0% better, MFG finding friends and ZIP up 0.8%. Insurers firmed on bond yields, QBE up 0.5% and MPL up 1.5%. Industrials mixed again, CSL falling around 2.4% and COH dropping 3.2%. TLS fell 0.4%, WOW and COL eased back and SEK dropped 3.0%. Tech stocks were mixed, 360 up 0.9% and WTC falling 2.2%. The All-Tech Index down 0.2%.

In resources, BHP and RIO eased back, rare earths and lithium stocks remain in demand, LYC jumped 5.2% with LTR roaring ahead, up 2.5%. Plenty f quarterlies around too, gold miners mixed, VAU up 1.5% and NEM down 3.2%. Oil and gas stocks better, WDS up 2.0% and STO up 0.4%. Coal stocks pushed back up, NHC up 3.4% but uranium stocks decayed, PDN off 1.2% and DYL down 2.2%.

In corporate news, CDA soared 15.5% on a better-than-expected update, GEM was smashed 31.3% after it suspended operations at around 40 centres. OML jumped 33.0% on a Private Equity NBIO at 140c.

On the economic front, headline inflation picked up to 1.1% in March from a steady reading in February, pushing the consumer price index to 4.6% on an annual basis. RBA meeting next week.

Asian markets firmed, Japan closed for another holiday. China up 0.6% and HK up 1.4%.

US Futures better, Nasdaq up 118. Dow up 75. Europe expected to open slightly higher. Fed meeting in focus. 4 Mag Seven stocks report.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 29 April

Wed, 29 Apr 2026 08:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 28 April: ASX 200 falls 56 points | Lithium shines, gold slips

Tue, 28 Apr 2026 16:00:00 +1000

The ASX 200 finished at a three-week low down 56 pts at 8711 (0.6%). Broad-based losses again, Banks managed to hold firm, the Big Bank Basket flat at $289.43 (). CBA rose 0.9% and ANZ up 0.3%. Insurers eased, QBE dropped 1.2% and REITs also under pressure, GMG off 1.8% and SGP falling 2.2%. Tech and industrials also fell, WTC down 1.9% and XRO off 2.0% with the All-Tech Index down 1.6%. TLS succumbed to some profit taking, off 0.9%, WES continued to fall off another 2.1% with ALL falling hard. Healthcare remains in ICU with CSL dropping again, down 2.2% and COH falling 2.4%.4DX continued to unwind its gains, PME also fell. In resources, BHP fell 1.3% and gold miners were under pressure as bullion fell, EVN down 3.0% and NST off 2.9%. Lithium and rare earths found friends, LYC up 3.5% and PLS rising 3.0% as UBS upgraded the sector. Oil and gas also in demand, WDS up 0.8% and coal stock better together with uranium stocks better. PDN up 0.6% and WHC rising 3.9%.

In corporate news, RWC reaffirmed guidance rising 3.6% and DMP stuffed again off 10.7%, after the US parent dropped nearly 9% on disappointing numbers. ORG fell 3.9%, again after a downgrade following yesterday's numbers.

On the economic front, the BoJ held rates at 0.75% with the Fed Meeting kicking off today.

Asian markets ease, Japan down 1.3%, China off 0.3% and HK off 1%.

US Futures ease, Nasdaq down 74. Dow up 2. Europe expected to open slightly higher.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 28 April: US markets mixed | Quarterlies continue, oil up again

Tue, 28 Apr 2026 08:00:00 +1000

The S&P 500 and the Nasdaq Composite rose to new record highs on Monday, but gains were limited as stalled Iran peace talks and a fresh escalation in the Strait of Hormuz pushed oil prices higher.

The broad market index added 0.12% and closed at a record level of 7,173.91. The Nasdaq Composite gained 0.20% and notched a closing record of 24,887.10. Both indexes also reached new all-time highs in the session. The Dow Jones Industrial Average fell 62.92 points, or 0.13%, to settle at 49,167.79.

SPI down 61 - Commodities slip - Oil up - Quarterlies continue

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 27 April

Mon, 27 Apr 2026 17:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 27 April: US markets mixed | Oil eases, negotiations stalled

Mon, 27 Apr 2026 08:00:00 +1000

The S&P 500 and Nasdaq Composite both finished Friday at record highs, buoyed by optimism that US–Iran peace talks may soon occur in Pakistan. Since quashed. The S&P 500 rose 0.8% to 7,1658, while the Nasdaq climbed 1.6% to 24,837. In contrast, the Dow Jones slipped 0.2%, closing at 49,231. Intel surged 23% to a new record after posting strong results and sharply beating sales for profits this year. Nvidia rose more than 4%, Amazon added over 3%, and Palantir gained 1.1%. Also, P&G added 1.6% after topping sales forecasts and reiterating its full-year forecast. For the week, the S&P 500 rose 0.6%, the Nasdaq added 1.5%, while the Dow fell 0.4%.

SPI down 3 - Gold up slightly - Oil drifted lower.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 24 April: ASX 200 falls 7 points after an afternoon rally | US futures mixed

Fri, 24 Apr 2026 16:00:00 +1000

The ASX 200 fell 7 points to 8786 for the fourth straight day. It fought back from earlier losses, as banks steadied and traders squared up before another crucial weekend. The Big Bank Basket back up to $289.81 (+0.3%). Other financials saw some buyers return, SUN up 4.5% as it reaffirmed guidance, MQG jumped 0.7% and MPL also fighting back, up 1.8%. REITs were mixed, GMG fell 0.6% with healthcare finding some buyers to square up after a torrid week. CSL rose 0.8% and COH turned around early losses to close up 2.5%. Still a week to forget. Tech mixed, XRO up 0.3% and REA down 1.5%. Utilities firmed, ORG up 2.6% and APA doing well. Retail fell, APE off 2.5% and TPW falling 3.3%.

Resources were patchy. BHP flat, RIO dropped 0.2% and FMG disappointed falling 5.7% on quarterly. Gold miners too under pressure as oil trundles higher. EVN down 2.2% and NST off 3.5%. Oil and gas stocks pushed ahead, WDS up 2.6% and STO up 1.0%. Uranium stocks saw profit-taking. PDN down 2.6% and BMN falling back a little.

In corporate news, plenty of quarterlies, IGO smacked 17.9% on disappointment on spodumene production at Greenbushes. NXL jumped 15.0% on a court ruling with ASIC’s case dismissed, PLS up 1.6% after a good quarterly number. VUL jumped 3.1% after construction kicked off at Lionheart.

Nothing on the economic front. Oil up for five days in a row. 10-year yields ease to 4.98%

Asian markets mixed, Japan up 0.1%, China down 0.2% and HK up 0.2%. Oil up 1.3% in Asian trade

US Futures ease, Nasdaq up 157 (Intel), Dow down 67. Europe is opening down again, off around 2% this week. Similar to ASX 200, down 1.8% this week.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 24 April: US markets slip but off lows | Quarterlies continue

Fri, 24 Apr 2026 09:00:00 +1000

US stocks pulled back on Thursday, led by a drop in software and higher oil prices, as investor uncertainty toward the trajectory of the Iran war hovered over the market.

The S&P 500 traded down 0.41% to close at 7,108.40, after earlier hitting a new all-time intraday high. The tech-heavy Nasdaq Composite declined 0.89% to finish at 24,438.50. It had also scored a new all-time high in the session. The Dow Jones Industrial Average lost 179.71 points, or 0.36%, to finish at 49,310.32.

Shares of IBM and ServiceNow tumbled more than 8% and almost 18%, respectively, after the companies posted their latest quarterly results. While IBM beat on the top and bottom lines, the company maintained its full-year guidance, disappointing investors. For ServiceNow, the company’s subscription revenue growth was hindered by the Middle East conflict.

SPI down 4 – Gold down – Oil up – PLS FMG Quarterlies.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 23 April: ASX 200 falls another 50 points | Oil, gas, and uranium in the green

Thu, 23 Apr 2026 16:00:00 +1000

The ASX 200 fell 50 pts to 8793 (0.6%) again today, with most sectors heading lower. Banks were weak again as the Big Bank Basket fell to $288.80 (-0.8%). WBC dropped 0.7% and NAB off 0.2%. Financials generally were weak across the spectrum, insurers fell, QBE down 0.8%, MQG falling 0.6% off its recent highs. ZIP managed to hold fast, GQG fell 3.0% as tech continues higher. REITS slid, GMG down 1.1% and CHC off 2.5%. Retail fell too, JBH off 1.2% and KGN falling 2.2%. WES continued lower again. In the healthcare space, CSL steadied but COH ditched again, off 4.6% with RMD finding some buyers. PME also good, up 0.8%. Tech stocks eased again, WTC down 3.1% and REA off 1.4% with the All-Tech Index down 0.3%.

Resources tried to hold the line, oil and gas stocks were better, WDS up 3.2% and STO rising 3.7%. Uranium stocks doing ok, BMN screaming ahead, up 11.5% and NXG also doing well. Coal stocks flat.

In corporate news, TPW founder stepped back, it fell 8.2% LNW hit with a fresh lawsuit. The mistitled ‘Future Fund’ announced a new CIO. Plenty of quarterlies dropping, SFR production declined with the stock down 3.6% and MGR reported weakening residential demand.

Nothing on the economic front locally. 10-year yields back up to 5.0% Asian markets flopped lower, Japan down 0.9%, China off 0.8% and HK down 1.1%. Oil up 1.3% in Asian trade

US Futures ease, Nasdaq down 128, Dow down 322. Europe is opening down.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 23 April: US markets hit records | Tesla results

Thu, 23 Apr 2026 08:00:00 +1000

The S&P 500 and Nasdaq Composite finished at record levels on Wednesday after President Donald Trump extended the U.S. ceasefire with Iran, while upbeat earnings reports also lifted sentiment.

The broad market index added 1.05% to finish at 7,137.90, while the tech-heavy Nasdaq added 1.64% to settle at 24,657.57. The latter had hit a new all-time intraday high in the session. The S&P 500 had erased all of its Iran war losses last week. Meanwhile, the Dow Jones Industrial Average advanced 340.65 points, or 0.69%, to end the day at 49,490.03.

SPI down 23 - Quarterlies drop - Gold up - Oil up

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 22 April: ASX 200 drops 106 points | COH and CSL crash

Wed, 22 Apr 2026 16:00:00 +1000

The ASX 200 took a dive today driven down 106 pts to 8844 (-1.2%) as the healthcare sector cratered following a massive downgrade and fall from COH. CSL followed COH down around 5.7% with RMD and 4DX also feeling very unloved. Banks were also sold down heavily with CBA off 2.5% and the Big Bank Basket falling to $291.07 (-2.4%). MQG saw profit taking after near record highs, and other financials slid too. HUB dropped 2.0% and AMP off 2.0%. Retail stocks were also weaker, WES resumed the downtrend off another 0.9% and NCK sofa down 3.6%. Travel stocks eased back as CTD revealed a massive refund due to the UK government. Still not trading. Tech stocks held up, the damage has already been done with COL and WOW better again. In resources, a good quarterly from BHP saw the stock rise 1.2% and lithium stocks held, S32 up 2.0% after its quarterly, as oil and gas stocks drifted lower, WDS down 1.4%. Gold miners eased, but still some patches of green, VAU up 3.0% and OBM doing well following quarterly. EVN fell 2.9%.

In corporate news, COH’s downgrade fell on deaf ears dropping 40.7%, GDG tumbled 22% on its update and TWE was popping corks as it updated China sales and jumped 16.5%. BOQ disappointed again on headline earnings. BHP looks like it has settled its dispute in China on pricing.

In economic news, nothing locally. Oil easing slightly in Asia.

Asian markets saw modest gains - Japan down 0.6%, HK down 1.4% and China up 0.3%. 10-year yields rises to 4.96%

US Futures ease, Nasdaq up 177, Dow up 237. Europe is opening mixed. UK CPI in focus.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 22 April: TACO Tuesday in the US again | Markets drift

Wed, 22 Apr 2026 09:00:00 +1000

Stocks dropped on Tuesday as investors grew concerned that a peace deal between the U.S. and Iran would not be struck ahead of a ceasefire that’s set to expire Wednesday.

The S&P 500 closed down 0.63% at 7,064.01, while the Nasdaq Composite settled 0.59% lower at 24,259.96. The Dow Jones Industrial Average shed 293.18 points, or 0.59%, to finish at 49,149.38.

SPI down 63 - Commodities fall as oil rises - BHP quarterly

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 21 April: ASX 200 drifts 4 points lower | Ceasefire deadline in focus

Tue, 21 Apr 2026 16:00:00 +1000

The ASX 200 drifted 4 points lower to 8949 as the countdown continues on the ceasefire. Banks eased back, CBA down 0.3% and ANZ off 1.7% with MQG hitting record highs up 0.7% and other financials doing well. The Big Bank Basket fell to $298.32 (-0.3%). ASX up 1.4% and ZIP continuing to push higher up 2.8%. HUB was a casualty falling 8.3% on FUA news. REITs firmed slightly, GMG up 0.7% and VCX rising 1.2%. Tech slightly firmer, WTC up 0.2% and the All-Tech Index up 0.3%. WOW and COL rallied, retail firmed, with healthcare mixed. In resources, BHP eased 0.3% with RIO up 0.8% after good quarterly numbers, lithium stocks eased back, PLS down 2.5% and LYC fell 2.1% after solid quarterly numbers. Gold miners were mixed, EVN down 1.6% but WGX up 1.3%. Oil and gas stocks slid, WDS down 1.8% and STO falling 1.5% with coal stocks up slightly, NHC up 2.2%. Uranium stocks were mildly positive, DYL up 2.5% and NXG rising 2.0%.

In corporate news, MIN priced a $1.8bn debt note, CGF unchanged after its guidance narrowed. MAF rose 3.7% after a 44% increase for YoY AUM growth.

Nothing substantial on the economic front.

Asian markets saw modest gains - Japan up 1.2%, HK up 0.5% and China up 0.2%. 10-year yields fall to 4.9%.

US Futures ease, Nasdaq up 98, Dow up 85. Europe is opening up around 1%.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 21 April: US markets drift slightly lower | Tim Cook to step down

Tue, 21 Apr 2026 08:00:00 +1000

Stocks slipped on Monday after tensions between the U.S. and Iran escalated over the weekend.

The S&P 500 shed 0.24% to close at 7,109.14, while the Nasdaq Composite declined 0.26% to finish at 24,404.39, with the latter snapping its 13-day winning streak — its longest positive streak since 1992. The Dow Jones Industrial Average lost 4.87 points, or 0.01%, settling at 49,442.56. On the flip side, the small-cap Russell 2000 rose 0.58% to 2,792.96, scoring a new closing record. The index also hit a new all-time intraday high during the session.

SPI up 48 - RIO Q1 - Deadline approaches.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 20 April: ASX 200 up 6 points | Banks better but NAB takes a hit

Mon, 20 Apr 2026 16:00:00 +1000

The ASX 200 fought back from early losses to close up just 6 points to 8953. US futures were negative all day, some defensive buying and CBA helping keep the market flat. CBA rose % with the Big Bank Basket rising to $299.12 (0.2%) as NAB fell 3.6% as it ramped up provisions for a weakening local economy. Other financials drifted lower, REITs were firm, GMG up 1.5% and VCX rising 0.8%. Retailers were better, WES showing a rare 2.4% gain, LOV up 4.4% and HVN rallying 0.9%. Tech was drifting lower, WTC off 1.5% and the All-Tech Index flat. WOW and COL rose as did TLS rising 0.2%. Healthcare mixed, SIG down 0.7% and PME easing 2.7%.

Resources were mixed, oil and gas fell, WDS down 2.9% and STO off 1.3% with uranium stocks slipping, PDN down 5.4% on research comments. Iron ore miners drifted lower despite higher IO prices in Singapore. Lithium flat after a strong start, gold miners surprising to the upside, EVN up 1.8% and NEM up 2.1%.

In corporate news, 4DX fell 2.6% after a GSK contract win. KAR had its credit rating reaffirmed. WOR warned of an earnings hit due to the Iranian conflict.

Asian markets saw modest gains - Japan up 0.5%, HK up 0.7% and China up 0.5%. 10-year yields rise to 5.0%.

US Futures ease, Nasdaq down 180, Dow down 370. Europe is opening down around 1-1.5%.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 20 April: Weekend events sow confusion | US futures down 0.8%

Mon, 20 Apr 2026 09:00:00 +1000

The S&P 500 jumped 1.2% to close at 7,126.06, crossing the 7,100 threshold for the first time. The Nasdaq Composite gained 1.52% and settled at 24,468.48 for its 13th consecutive winning day and its longest positive streak since 1992. Both indexes posted fresh intraday and closing records. The Dow Jones Industrial Average jumped 868.71 points, or 1.79%, to end at 49,447.43. The Russell 2000 also reached a fresh high. The small-cap index rose more than 2%.

All that changed over the weekend. SPI was up 82 on Saturday - US Futures doen 0.8% on news from the Gulf. Oil jumps back 6%.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 17 April: ASX 200 down 8 points | Lithium and tech up

Fri, 17 Apr 2026 16:00:00 +1000

The ASX 200 limped lower by 8 points to 8937 (0.1%) for a flat week. Banks continued to be weaker, NAB falling another 2.0% and WBC off 0.7%. The Big Bank Basket fell to $298.43 (-0.3%). Financials mixed, HUB rose 2.8% and PNI rose 3.8%. ZIP had a great day up 13.7%. REITs slipped slightly with CHC down 0.6% and GMG falling 0.5%. Healthcare under pressure still, RMD down 1.6% and CSL off 0.3% with SIG 2.2% better on broker research. Tech managed small gains, WTC up 2.9% and XRO rising 0.2% with REA better. Resources were mixed, BHP unchanged with RIO and FMG doing slightly better. Gold miners mixed despite bullion drifting higher. EVN down 2.0% and GGP off 1.5%. Lithium stocks soared, LTR up 6.3% and MIN rising 7.1%. Oil and gas eased, coal stocks fell and uranium firmed, PDN up 2.8% and BOE up another 4.6%.

In corporate news, ZIP soared 13.7% on better numbers on bad debts, PDN rose on production numbers and AAI fell % after results fell short of expectations. NEM also flagged no production issues following the earthquake this week.

Asian markets saw modest gains - Japan down 0.9%, HK down 1.3% and China off 0.3%. 10-year yields rise to 5.0%.

US Futures jump, Nasdaq down 38, Dow up 77. Europe is opening flat and quiet.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 17 April: US markets firm | Netflix drops on results

Fri, 17 Apr 2026 09:00:00 +1000

The S&P 500 and Nasdaq Composite rose to fresh all-time highs on Thursday, adding to their strong gains this week on optimism for a possible resolution to the Iran war.

The broad market index gained 0.26% to close at 7,041.28, while the Nasdaq gained 0.36% to settle at 24,102.70. The tech-heavy index posted its 12th consecutive positive session, notching its longest winning run since 2009. Both averages logged intraday and closing records. The Dow Jones Industrial Average added 115 points, or 0.24%, and ended at 48,578.72.

This week, the S&P 500 and Nasdaq have risen 3.3% and 5.2%, respectively, while the Dow has advanced more than 1%.

SPI down 11 – Quarterlies continue – Gold flat – Oil up.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 16 April: ASX 200 drops 24 as banks tank | Tech resurrection

Thu, 16 Apr 2026 16:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 16 April: US markets hit records on peace hopes | Tech leads

Thu, 16 Apr 2026 08:00:00 +1000

The S&P 500 and Nasdaq Composite rose to new all-time highs on Wednesday, building on the week’s strong gains as investors remained hopeful about the Iran war potentially ending soon.

The broad market index gained 0.80%, ending at 7,022.95. The Nasdaq Composite advanced 1.59% to 24,016.02, while the Dow Jones Industrial Average shed 72.27 points, or 0.15%, to close at 48,463.72. Both the Nasdaq and the S&P 500 closed at records, with the tech-heavy index posting an 11th day win streak and the broad market benchmark notching its 10th positive session out of 11.

SPI down 3 - Quarterlies in focus - Gold eases - Give peace a chance!

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 15 April: ASX 200 wilts to close up just 8 points | Gold miners in demand

Wed, 15 Apr 2026 16:00:00 +1000

The ASX 200 closed up a mere 8 points to 8979 (0.1%) after an enthusiastic start petered out. Banks went all soggy on some broker doubts, WBC dropped another % and the Big Bank Basket fell to $306.62 (%). Other financials fared ok, MQG continued higher, up 1.4% and insurers better too, IAG up 1.5%. REITs were solid with GMG up 1.3% and GPT up 0.7%. Industrials a mixed bag, WES fell yet again, down 0.9% with BXB off 0.8%, not so palatable, and WOW and COL were not such super markets. Utilities also under pressure. Tech modestly higher but not running away. Questions till remain. WTC up 3.6% and XRO gaining 2.6% with the All-Tech Index up 1.8%.

Resources were a mixed box of chocolates, gold miners firmed, EVN soared 9.6% on a positive quarterly, NEM was shaken, but not stirred at Cadia up 0.5% and GMD rose 5.0%. Rare earth stocks slid as too did lithium plays, PLS down 0.2% and LTR off 0.3%. In oil and gas stocks, more easing back but off lows. WDS down 2.4% and STO falling 2.9%. Uranium stocks mixed as BOE rained on the sector falling 9.3%. PDN kept moving higher by 4.5% and coal stocks fell slightly.

In corporate news, VGN talked fuel hedges and reaffirmed guidance, up 7.2%. NUF jumped 11.3% after it forecast a 17% increase in first-half underlying EBITDA amid plans to cut a further $50m in costs. MSB firmed on a CAR licence acquisition.

Nothing on the economic front. Asian markets saw modest gains - Japan up 0.4%, HK up 0.5% and China down 0.1%. 10-year yields fall to 4.93%.

US Futures jump, Nasdaq down 20, Dow down 30. Europe is opening unchanged.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 15 April: US markets head higher | Gold jumps, oil falls

Wed, 15 Apr 2026 08:00:00 +1000

US stocks rose on Tuesday following a strong session in which traders shrugged off a breakdown in peace talks between the U.S. and Iran, yet were optimistic that a deal between the two countries was still possible.

The S&P 500 gained 1.18% and closed at 6,967.38. The broad market index now stands less than 1% below its 52-week high. The Dow Jones Industrial Average added 317.74 points, or 0.66%, to close at 48,535.99. The Nasdaq Composite advanced 1.96% and ended at 23,639.08.

Technology stocks supported the broader market for another day. Oracle, for example, rose 4.7%, building on the more than 12% gain it saw in the prior trading day. Nvidia and Palantir Technologies also notched a winning session.

SPI up 34 - Gold up 2% - Oil drops - EVN quarterly.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 14 April: ASX 200 jumps 45 | WBC and QAN warnings in focus

Tue, 14 Apr 2026 16:00:00 +1000

The ASX 200 jumped 45 points to finish at 8971 (0.5%). Despite banks under pressure, the index made good solid gains. The Big Bank Basket fell to $308.15 (0.5%) with WBC down 2.6% on an outlook statement for HY results. ANZ fell 1.0% with other financials doing better, MQG up 3.7% on a broker upgrade, NWL rising 2.7% and XYZ up 5.5%. Insurers were better with QBE gaining %. REITs saw buyers emerge, GMG up 1.6% and SCG rallying 1.4%. Tech was a winner today, WTC up 3.8% and XRO up 3.9% a day after MS downgraded, the All -Tech Index up 2.1%. Retail drifted lower, healthcare better but muted.

Resources were mixed, BHP soared 3.2% on copper exposure, RIO and FMG bumped higher and lithium stocks slightly better. Gold miners recovered but only modest gains, GGP up 1.3% and WAF up 1.8%. SFR also doing well on copper exposure, up 3.3%. Oil and gas stocks slipped, WDS down 0.6% and uranium stocks soared as long term prices increased, PDN up 6.3% and LOT up 9.7%.

In corporate news, CU6 signed a commercial manufacturing agreement with Nucleus RadioPharma, UNI fell 1.5% after its CEO announced retirement plans. QAN also landing softly after warning on higher jet fuel costs.

In economic news, Consumer confidence was heading lower according to Melbourne Institute.

Asian markets soar, Japan up 2.4%, HK up 0.1% and China up 0.3%. 10-year yields fall to 4.94%.

US Futures jump, Nasdaq up 35, Dow down 5. Europe is opening higher.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 14 April

Tue, 14 Apr 2026 09:00:00 +1000

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 13 April: ASX 200 falls 35 in quiet, cautious trade | Goldman Sachs tonight

Mon, 13 Apr 2026 16:00:00 +1000

The ASX 200 finished down 35 points to 8926 in a quiet, cautious start to the week. The focus was on weekend events with the market taking its lead from US futures which stabilised after a bump down. Losses pretty much across the board, banks eased back with the Big Bank Basket down to $309.58 (0.24%). Other financials also sold down, MQG down 0.6% and NWL falling 2.1%. Insurers steady with REITs easing back again, GMG down 1.3% and CHC off 1.1%. Technology stocks were weaker but not aggressively. WTC down 1.3% and XRO off 1.5% with the All-Tech Index off 0.9%. Industrials eased, WES down 0.9%, QAN fell 2.0% and retail stocks eased slightly. JBH down 0.5% and NCK down 2.2%. Healthcare also under pressure with CSL slipping yet again down another 1.4%. PME and TLX both had good runs on the back of news.

In resources, iron ore miners stable with gold miners off slightly, NST down 2.0% and EVN off 2.4% as bullion slipped. Lithium modestly lower, with oil and gas better, WDS up 2.6% and STO rising 1.7%. Coal stocks also better, NHC up 4.6% and uranium drifting lower.

In corporate news, A2M soured 13% on China supply chain issues, MVF received another NBIO from the previous consortium at 90c. TLX announced a strategic collaboration and PME signed a five-year contract renewal. GQG fell 0.6% on its latest FUM update showing outflows continue.

Nothing on the economic front.

Asian markets soar, Japan down 0.8%, HK down 1.1% and China up 0.3%. 10-year yields rise to 5.01%.

US Futures jump Nasdaq down 201, Dow down 302. Europe opening lower.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 13 April: US markets mixed Friday | US futures down 1% on weekend news

Mon, 13 Apr 2026 08:00:00 +1000

US equities finished mostly lower in Friday trading. S&P snapped a seven-day string of gains. Software was a notable decliner again (IGV was down more than 7% this week); other laggards included insurers, banks (particularly regionals), PE, exchanges, payments, retail/apparel, pharma/biotech, hospitals, and staples. Semis were a standout with NVDA, AVGO and AMD leading the way. AMZN extended its recent rally in a mixed big tech space. Other relative outperformers included chemicals, industrial/precious metals, entertainment, building products, E&Cs, and REITs. Treasuries were weaker across the curve; yields were up 2-3 bp. Dollar index was off 0.2%. Gold finished down 0.6%. Silver was little changed. Bitcoin futures were up 1.3%. WTI crude settled down 1.3% in choppy trading.

Quiet finish to a noisy week. Peace talks broke down - US Futures down 1.1% Oil Jumps 8% - Gold falls

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 10 April: ASX 200 closes down 13 | On hold for weekend negotiations

Fri, 10 Apr 2026 16:00:00 +1000

The ASX 200 finished a very strong week down 13 points to 8961 as we await further Iranian negotiations. For the week, we were up over 4.4%, the best week since October 2022. Banks were steady despite some issues with mortgages on the AFR front page, the Big Bank Basket $310.35 (+0.3%). Other financials were mixed, ZIP up 2.1% and GQG up 0.9%. NWL rose 2.3% with ASX also better. REITs better, GMG up 0.5% and SGP rising 1.2%. Industrials and healthcare fell, CSL down another 0.7% with RMD off again and WOW falling 0.9%. TCL fell 1.9% on traffic numbers. Tech smashed again, WTC down 2.6% and XRO off 2.7%. The All-Tech Index fell 0.8%. Resources were a little mixed, BHP fell 1.1% on iron ore negotiations perhaps, FMG off 1.3% as it unveiled more green and renewable plans for the Pilbara. Gold miners drifted a little lower, EVN off 2.7% and NEM falling 0.6%. Lithium stocks better, LTR up 2.4% and PLS rising another 1.1%. Oil and gas stocks fell again, WDS off 0.2% and STO falling 0.6%. Coal under pressure and uranium slightly firmer, PDN up 2.0%.

In corporate news, TLX rose 7.3% on some good news from the FDA, MFG flat after shareholders vote for the merger, AMP rose 4.2% as new CEO laid out his plan.

On the economic front, nothing locally, but Chinese PPI rose. Asian markets firmed, Japan Nikkei up 1.9% but TOPIX flat, HK up 0.6% and China up 0.7%. 10-year yields rise to 4.97%.

US Futures near flat. Nasdaq down 10, Dow down 76. Europe is opening modestly better.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 10 April: US markets firm on peace hopes | Oil rises, VIX falls

Fri, 10 Apr 2026 08:00:00 +1000

Stocks extended their rally Thursday, even as oil prices gained, amid continued optimism among traders that the fragile two-week ceasefire between the U.S. and Iran could be sustained.

The S&P 500 added 0.62% and ended at 6,824.66, while the Nasdaq Composite climbed 0.83% to 22,822.42. The Dow Jones Industrial Average rose 275.88 points, or 0.58%, and settled at 48,185.80. The 30-stock index turned positive for the year, up 0.25%.

Crude prices advanced again on Thursday. West Texas Intermediate futures rose more than 3% to settle at $97.87 per barrel after earlier rising above $100. International Brent crude futures added more than 1% to close at $95.92.

SPI down 8 - Wait mode ahead - Weekend Talks Crucial - Still no Ships.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 9 April: Market Rally Stalls on Uncertainty

Thu, 09 Apr 2026 17:00:00 +1000

Pre-Market Report – Thursday 9 April: US markets jump on ceasefire | SPI off 22

Thu, 09 Apr 2026 08:00:00 +1000

Stocks soared Wednesday after President Donald Trump suspended attacks on Iran for two weeks, pausing a five-week conflict that closed a crucial waterway for global energy supplies.

The Dow Jones Industrial Average ripped 1,325.46 points higher, or 2.85%, to 47,909.92. That was the benchmark’s best day since April 2025, when Trump first backed down from the severity of his initial tariff announcement.

The S&P 500 popped 2.51% to 6,782.81, and the Nasdaq Composite surged 2.80% to 22,635.00. West Texas Intermediate crude futures tumbled more than 16% to close at $94.41 per barrel, its biggest daily drop since April 2020. International benchmark Brent for June delivery lost about 13% to settle at $94.75

SPI down 22 - US Futures ease after hours. Gold slips back - Copper soars.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 8 April: ASX 200 soars 223 points | Ceasefire brings bulls and shorts panic

Wed, 08 Apr 2026 16:00:00 +1000

The ASX 200 jumped out of the blocks again on the ceasefire. The ASX 200 jumped 223 points to 8952 (2.6%). Interestingly, not much intraday volatility. Everything was risk on as peace breaks out. Long term or short term is yet to be seen. Oil prices fell hard, and equities rallied across the board. Banks rallied again with CBA up 1.9% and the Big Bank Basket jumped to $305.03 (2.4%). MQG had a great day up 5.6% with other financials doing great. ZIP up 19.5% and NWL up 10.0%. REITS soared as yields dropped, GMG up 7.1% and CHC up 4.0% with industrials doing well too. QAN up 9.4% and VGN up 11.7% with WES rallying 3.3% and CSL even up 1.3%. REA and tech stock jumped, WTC up 10.7% and XRO up 6.5% with the All-Tech Index up 6.6%. Defensives slipped, TLS down slightly, ORG and AGL fell with retail jumping on hopes for lower petrol prices.

Resources on fire, BHP up 3.0% and RIO rallying another 4.4%. Gold miners jumped as bullion took up the baton, NST up 7.1% and EVN up 10.0% with RMS rallying 9.6%. Lithium not left out, PLS up 1.7%, LTR roaring 8.4% ahead. Rare earths up strongly, LYC up %. Oil and gas stocks fell, WDS down 10.5% and STO falling again. Coal stocks also smacked down with uranium stocks back in focus, PDN up 8.5% and LOT up 11.7%.

In corporate news, DRO dropped 13.5% on news that the CEO and chair will be stepping down. BGL raced up 18.9% on production numbers as did RRL. PME also doing well following a five-year $23m contract with the University of Maryland Medical System. FLT also doing well on a deal to sell Pedal.

On the economic front, dwelling commencements rose 8%.

Asian markets soar, Japan up 5.4%, HK up 3.1% and China up 3.4%. Korean KOSPI up 6.9%

10-year yields fall to 4.87%.

US Futures jump Nasdaq up 812, Dow up 1110. Europe opening significantly better.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 8 April: US futures jump | Trump delays action for two weeks

Wed, 08 Apr 2026 08:00:00 +1000

U.S. stock futures jumped after President Donald Trump said he was suspending Iran attacks for two weeks just ahead of his 8 p.m. ET deadline, pausing a five-week conflict that has closed a crucial waterway for global energy supply and sent equity prices reeling.

Futures tied to the Dow Jones Industrial Average rose by 718 points, or 1.5%. S&P 500 futures added 1.6%, and Nasdaq 100 futures climbed 1.7%.

During the regular session, the S&P 500 eked out a gain of 0.08% as traders bet that a ceasefire could be achieved. The Nasdaq Composite inched 0.10% higher on Tuesday, while the Dow lost 85.42 points.

The S&P 500 was 5.5% off its all-time high reached earlier this year through Tuesday’s close. At one point last month, the benchmark neared a 10% correction before rebounding on optimism Trump would find some kind of off-ramp to the conflict.

Gold rose and SPI up 13 but that was before Trump TACOed.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 7 April: ASX 200 jumps 149 points | Banks and resources lead ahead of deadline

Tue, 07 Apr 2026 16:00:00 +1000

The ASX 200 jumped out of the blocks, but was well off highs of 8804, closing up 149 points at 8729 (1.7%). A serious bout of optimism as the Trump deadline approaches. Banks firmed with the Big Bank Basket up to $297.88 (2.3%). CBA up 2.4% and MQG charging 3.2% ahead. Other financials were mixed, HUB up 3.3% and ZIP gaining 6.0%. REITs mixed too, GMG up 0.7% with industrials firming, WES up 1.3% and ALL rising 1.3% with tech doing better, WTC up 3.4% and XRO rallying 1.7%. Healthcare mixed, CSL up 1.0% and retail flat. GYG had a good day as shorts covered on a trading update, TLS fell 0.4% and supermarkets mixed. In resources, BHP, RIO and FMG all did well, the big Australian leading the charge, up 3.3%. Gold miners pushed ahead, NST up 2.0% and GGP rising 4.0%. Rare earths did better, LYC up 4.6% and lithium stocks also pushing ahead. Uranium stocks mixed, LOT fell 2.2% on production issues and PDN squeezed 0.8% higher. Oil and gas stocks generally better, WDS up 2.5%.

In corporate news, CSL said most of its products would be exempt from the 100% tariffs, RCE appointed Tim Ford (Ex-TWE CEO) to the board.

On the economic front, household spending rose 0.3% month-on-month on a current price, seasonally adjusted basis.

Asian markets steadied, Japan unchanged, HK down 0.7% and China down 0.2%. 10-year yields 4.99%.

US Futures ease ahead of deadline, Nasdaq down 139, Dow down 122. Europe opening slightly better.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 7 April: US markets on hold, SPI unchanged | Deadline approaches

Tue, 07 Apr 2026 09:00:00 +1000

Markets are at something of a standstill again. We know why. We have another potential deal/timeline on the table from President Trump. The deadline is 8pm Tuesday night, US time. That would be Wednesday morning for us here in Australia. If Tehran doesn't accept a deal, the US could “rain hell” on the country. Iran rejected a ceasefire and proposed 10 clauses they want to see. Trump rejected those too. It's unlikely we will see much happen while this looms over the world.

Overnight, seven out of the 10 sectors were positive for the S&P 500. Energy led the way, followed by Financials and Industrials. Defensive components Healthcare and Utilities were slightly weaker.

Most Material stocks were flat to down. Gold was slightly lower, so gold stocks drifted lower. Copper and uranium were neither here nor there. You could say the same about Big Tech. The Chip stocks showed more life. Latest figures suggest the semiconductor sector is well-positioned to reach US$1 trillion in annual revenue this year. US financials continue to show resilience.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 2 April: Trump speech turns market | Oil soars, resources fall

Thu, 02 Apr 2026 16:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 2 April: US markets rise | Caution ahead of POTUS

Thu, 02 Apr 2026 09:00:00 +1100

The S&P 500 advanced 0.72% and closed at 6,575.32, and the Nasdaq Composite gained 1.16% and settled at 21,840.95. The Dow Jones Industrial Average added 224.23 points, or 0.48%, to end at 46,565.74.

President Donald Trump said in a post on Truth Social Wednesday morning that Iran’s president has asked the U.S. for a ceasefire. However, the U.S. will consider the offer when the Strait of Hormuz is “open, free, and clear,” Trump added, writing that “until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!”

This comes after the president told reporters at the White House late Tuesday that he expects the U.S. military forces will leave Iran in “two or three weeks.”

Oil prices eased following that comment. West Texas Intermediate futures settled down 1.24% to close at $100.12 per barrel and Brent crude futures lost 2.7% to settle at $101.16 a barrel.

SPI up 19 - Gold higher - POTUS Speech at Noon.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 1 April: ASX 200 pumps 190 points higher | Banks surge 2%

Wed, 01 Apr 2026 16:00:00 +1100

The ASX 200 jumped 190 points to 8672 (2.2%) on US/Iranian news and a spectacularly strong US bounce. End of month and short covering helping lead us in. Confidence built throughout the day. Resources roared back to life as the USD fell slightly, and oil prices steadied. BHP up 4.3% and RIO up 3.5% with FMG joining in up 3.8%. Lithium stocks raced ahead, PLS up 3.5% and MIN rising 5.2% with the gold sector rebounding hard. NEM up 4.5% and EVN jumping 8.2% on gold and copper rises. S32 jumped on aluminium exposure, rare earths also doing well, ARU up 8.9%. Uranium stocks rallied hard, PDN up 6.9% and NXG jumped 6.7%. Oil and gas stocks took a pause, STO up 0.1%. Coal stocks steady.

In the banks, a decent rise with the Big Bank Basket at $290.26 (+2.0%).MQG soared 3.3% and other financials also did well, ZIP up 10.7%. REITs mixed, GMG rising 2.3%. Tech stocks gained, XRO up 2.5% and REA up 2.5%. Retail better, JBH up 1.4% and travel stocks jumped, FLT up 4.8% and QAN taking off. The All-Tech Index up 3.3%.

In corporate news, APE rose after entering into agreements to acquire two Audi dealers in Melbourne. PRN rose 4.1% on a new CEO. SGR blipped 8.7% higher after Chow Tai Fook Enterprises and Far East Consortium took full control of Brisbane’s Queen’s Wharf precinct.

In economic news, dwelling approvals rose 29.7% in February to 19,022, driven by a surge in private apartments.

Asian markets eased, Japan rose 4.5%, HK up 2.0%, and China up 1.4%.

10 -year yields fell to 4.91% on peace hopes.

US futures: Dow up 76, Nasdaq up 113

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 1 April: US markets soar on peace hope | Oil falls, gold up

Wed, 01 Apr 2026 09:00:00 +1100

US stocks rose on Tuesday following new reports that gave investors hope that the Iran war could soon come to an end. The Dow Jones Industrial Average was up 1,125.37 points, or 2.49%, and closed at 46,341.51. The move came after an unconfirmed report said Iranian President Masoud Pezeshkian is open to ending the war with guarantees. The S&P 500 gained 2.91% to end at 6,528.52, and the Nasdaq Composite advanced 3.83% to 21,590.63. Each of the three indexes posted their best day since May.

It was end of month and quarter too.

SPI jumped 130 pts – Gold up – Resources to do well.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 31 March: ASX 200 closes up 21, a month to forget | Gold rallies

Tue, 31 Mar 2026 16:00:00 +1100

The ASX 200 rose 21 points to 8482 in a topsy-turvy day on news from the Gulf and Trump. After an easier start, markets rallied on news that Trump might not need the Strait open to declare an end to the war (See afternoon update). End of month saw a fade at the close. Gold popped higher with gold miners looking firm, NST up 4.4% and NEM up 2.2% with RIO still firing on aluminium exposure, BHP steady. Lithium stocks slipped a little on some oil price weakness. PLS down 2.9% and MIN off 3.7%. Oil and gas stocks eased back, WDS down 0.5% and STO off 1.1%. Coal stocks too under some pressure, NHC ex dividend today. Uranium steady.

Banks recovered from early losses with the Big Bank Basket falls to $284.58 (-0.1%). Other financials also finding friends, MQG up 1.2% and ASX running hot. Insurers were slightly better and a good bounce in REITs with GMG leading the charge. Healthcare improved, COH up 1.3% and SIG falling 0.4%. Retail also getting a slight boost and tech rallying hard. WTC up 4.1% and XRO rallying 6.6% with the All-Tech Index up 2.6%.

In corporate news, KMD grabbed a lifeline with a deeply discounted rights issue, KOA joined the boards, bedding down nicely, up 11.8%. CKF has rung the Taco Bell and is exiting its stores. A1N slumped another 19.0% as Jackie O commenced legal proceedings claiming $82m.

In economic news, RBA minutes, China’s PMI better than expected.

Asian markets eased, Japan fell 0.5%, HK off 0.6% and China off 0.2%.

10 -year yields fell to 4.98% on RBA minutes and Powell comments.

US futures; Dow up 307 Nasdaq up 104.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 31 March: US markets ease | WTI above $100

Tue, 31 Mar 2026 09:00:00 +1100

The S&P 500 fell on Monday, weighed down by further gains in oil prices and a steep decline in tech, as traders looked past comments from Federal Reserve Chair Jerome Powell on inflation. The broad-based index dipped 0.39%, posting a third straight losing session and settled at 6,343.72. The S&P 500 was just over 9% off its closing high. The move lower was led by declines in the technology sector, which fell more than 1%. On the flip side, sectors such as financials and utilities saw gains. The Nasdaq Composite dropped 0.73% to 20,794.64. The Dow Jones Industrial Average added 49.50 points, or 0.11%, and closed at 45,216.14.

The CBOE Volatility Index topped 30 during the session.

U.S. oil prices also rose to start the week, with West Texas Intermediate futures settling up 3.25% at $102.88 per barrel — its highest close since July 19, 2022. Brent crude futures inched up 0.19% to $112.78 a barrel and were on pace the biggest monthly surge ever with a 55% rise in the period.

SPI up 11 - RBA Minutes - Commodities slightly higher.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 30 March: ASX 200 fights back | Resources firm, banks slapped

Mon, 30 Mar 2026 16:00:00 +1100

The ASX 200 recovered well, closing down only 55 points at 8461 (0.7%), still looking at the worst month since Covid. Banks and industrials were hit hard with CBA down % and WBC off %. The Big Bank Basket fell to $284.96 (-2.7%). MQG dropped 1.0% and other financials were weaker, SUN finished off 1.8%. REITs too suffered with GMG down 1.4% and SCG falling 1.2%. Healthcare also weaker, RMD down 0.9% and CSL off another 1.7%. Tech smashed again, WTC down 4.8% and XRO falling 3.2%. The All-Tech Index fell 2.8%. Supermarkets closed higher and TLS held firm, although retail stocks weakened. JBH down 3.4% and ALL down 2.6%. Travel stocks also falling QAN off 2.0% and FLT falling 4.4%.

In resources, BHP held firm, RIO rallied 4.9% and FMG up 1.8% with gold miners finding support. Lithium stocks also firm on EV sales picking up, PLS up 2.3%. Oil and gas stocks better, KAR hit highs on a board reshuffle, WDS up 2.2% and coal stocks also rising strongly. Uranium stocks finding friends too. AAI soared 8.6% on news that two producers in the Middle East were hit.

In corporate news, KMD remains suspended, AMP announced a $150m buyback late Friday. WJL saw its CEO resign and DRO announced the opening of a European HQ.

Asian markets slumped then fought back, Japan down 3.0%, HK off 0.9% and China up 0.1%.

10 -year yields fell to 5.06%

US Futures flat.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 30 March: US markets fall hard | SPI down 65

Mon, 30 Mar 2026 08:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 27 March

Fri, 27 Mar 2026 16:00:00 +1100

The ASX 200 fell only 9 points to 8516 (-0.1%) with a gain this week of 1%. Trump extended the deadline for hitting Iranian energy assets by ten days, helping US futures turn positive. A mixed picture today, the Big Bank Basket $292.85 (%). Other financials slid, MQG off 2.2% and HUB down 2.7% with SOL doing well up 5.0%. REITS down again as bond yields rose, GMG down 1.3% and SCG off 0.3%. Industrials too were weaker, ALL down 1.4% with QAN off 0.7% and REA and CAR both easing. Tech stocks steadied with XRO gaining 0.6% and the All-Tech Index down 1.5%. Retail was mixed, with healthcare down, CSL falling 0.8% and RMD off another 0.5%.

In resources, firm in places, BHP flat, RIO up 1.5% and FMG doing well on higher iron ore prices. Gold miners slipped slightly, NST down 1.1% and EVN off 1.4%. Lithium stocks better, PLS up 3.6% and MIN up 2.4%. Oil and gas stocks better, STO up 1.3% and coal stocks doping ok. YAL up 3.6% and uranium stocks down a tad.

In corporate news, BSL is stepping up efforts to extract value from its land portfolio. SLX announced a $143m incentive package in the US. KMD in a trading halt pending an equity raise and debt refinancing.

On the economic front, nothing locally. Chinese Industrial profits jumped 15.2%.

Asian markets steadied, Japan up 0.1%, HK up 0.8% and China up 0.9%.

US Futures better, Nasdaq up 109, S&P500 up 37.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 27 March: US markets slide as oil rallies again | SPI down 91

Fri, 27 Mar 2026 09:00:00 +1100

The S&P 500 fell on Thursday, weighed by higher oil prices, as traders followed the latest developments out of the Middle East.

The broad market index declined 1.74% to end at 6,477.16, while the Nasdaq Composite shed 2.38% and closed at 21,408.08. The tech-heavy index closed in correction territory, down more than 10% from its high. The Dow Jones Industrial Average dipped 469.38 points, or 1.01%, and settled at 45,960.11.

Crude prices rose on Thursday, putting pressure on equities. Brent futures jumped 5.66% to settle at $108.01 per barrel. West Texas Intermediate futures climbed 4.61% to end at $94.48.

As stocks took a leg lower and oil prices received a boost Thursday, the yields on the 10-year Treasury and 2-year Treasury both spiked.

SPI down 91 - Gold slips - Trump extends deadline on energy attacks.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 26 March

Thu, 26 Mar 2026 17:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 26 March

Thu, 26 Mar 2026 09:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 25 March

Wed, 25 Mar 2026 17:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 25 March

Wed, 25 Mar 2026 09:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 24 March

Tue, 24 Mar 2026 16:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 24 March: US markets surge on TACO man peace moves | Oil drops 10%

Tue, 24 Mar 2026 08:00:00 +1100

The Dow Jones Industrial Average jumped 631 points, or 1.38%, to close at 46,208.47. The S&P 500 rose 1.15%, and ended at 6,581.00, while the Nasdaq Composite

gained 1.38% and settled at 21,946.76. Before Trump’s comments, which he posted on Truth Social early Monday, futures were pointing to more losses for equity markets under siege from skyrocketing oil prices and uncertainty about the duration of the Iran conflict. But after Trump’s comments, Dow futures briefly surged more than 1,000 points.

At their highs of the day, the three leading U.S. indexes were up more than 2%. The Dow saw a peak of more than 1,100 points, or 2.5%. The Nasdaq was also up 2.5%, while the S&P 500 advanced 2.2%.

SPI up 151 - Gold pares losses GDX ETF up 4% - Oil falls - MYR Results

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 23 March

Mon, 23 Mar 2026 17:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 23 March: US markets stumble again on war news | SPI down 156

Mon, 23 Mar 2026 08:00:00 +1100

Stocks tumbled in volatile trading Friday as the U.S.-Israel conflict with Iran showed no sign of abating and oil prices continued their ascent.

The Dow Jones Industrial average shed 443.96 points, or 0.96%, ending at 45,577.47. The

S&P 500 fell 1.51% and closed at 6,506.48, while the Nasdaq Composite lost 2.01% and settled at 21,647.61. The small-cap Russell 2000 declined more than 2% and slipped into correction territory — that is, a 10% decline from its latest high. At their lows of the day, the Dow and Nasdaq traded in correction territory, but ultimately closed shy of the 10% threshold.

SPI down 156 - Gold down - Oil up. Deadline approaches!

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 20 March: ASX 200 down 69 points | Banks slid, resources found some buyers

Fri, 20 Mar 2026 16:00:00 +1100

The ASX 200 fell another 69 points to 8428 (0.8%) for a weekly loss of around 2.2%. Today we saw the banking sector come under a little pressure. CBA fell 1.0% and the Big Bank Basket dropped to $298.51 (%). NAB was the biggest loser off 2.3%. Financials were mixed, GQG rose 2.4%, SOL fell 1.0% and HUB dropped 2.4%. REITs were flat lining, industrials mixed, WES slipped another 0.8% with retail under pressure, JBH down 4.1% and WOW dipping 0.9% after defensive buying shifted. TLS off 0.2% and SGH falling 2.4% with QAN still falling 1.1%. Tech was mixed, WTC and TNE better with the All-Tech Index down 0.2%.

Resources were down but not out today. BHP and RIO slid, off 1.8% and 2.9% respectively, lithium stock finding their feet with EV demand expected to grow on oil pressures. Gold miners eased but not dramatically, EVN up 1.6% and GGP off 7.3% with GMD actually 2.2% better. BSL rallied 4.3% with PLS stabilising. Up 2.4%. Coal stocks better again with WHC up %. WDS pushing ahead again, up 1.0% but STO flat. Uranium stocks mixed.

In corporate news, COL rallied another 0.8% on fuel levy news, FLT made a UK acquisition and PMV fell 4.3% after a mixed first half. Smiggle seems to be struggling.

Nothing on the economic front.

10-year yields higher at 5.0%.

Asian markets mixed on higher oil prices, Japan closed. HK down 0.7% and China up 0.8%

US Options and Futures expiry tonight. Dow Futures up 98 Nasdaq futures up 17.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 20 March: US markets stage recovery | Oil slips, gold and silver fall

Fri, 20 Mar 2026 09:00:00 +1100

US equity indices pared significant session losses on Thursday as the S&P 500 and Nasdaq ended down just 0.2% while the Dow Jones declined 0.3% following a recovery from four-month lows. Volatility across asset classes eased as US oil retreated toward $94 per barrel after Israeli Prime Minister Benjamin Netanyahu stated that Israel is assisting the US in reopening the vital Strait of Hormuz. These developments tempered earlier stagflation fears as investors weighed comments from US President Donald Trump and Treasury Secretary Scott Bessent regarding diplomatic efforts to restore global energy supply chains. In corporate news Micron Technology shares fell 3.8% despite a strong revenue forecast as investors focused on high production spending plans while other tech heavyweights like Meta (-1.4%) and Nvidia (-1%) also faced pressure. Treasury yields rebounded from their worst point of the session as bonds bounced from lows following these geopolitical updates.

SPI down 5 - Oil slips - Gold and commodities fall

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 19 March: ASX 200 drops 1.7% to lowest level in four months | Resources crushed

Thu, 19 Mar 2026 16:00:00 +1100

The ASX 200 fell 143 points to 8498 (1.7%), its lowest level in four months. $265bn has now been wiped off the index since the halcyon days of February. It is all about the oil price and the realisation that this war could really drag on longer, and Trump seems to have lost control of the narrative, even to the point of distancing himself from Israeli actions. Oil heads high, equities head lower. Resources bore the brunt of the selling as gold miners were thrown out with the bathwater, NST fell 9.5% and NEM off 5.8%. All sectors in metals under pressure. The big three iron ore stocks fell hard, with BHP down 3.5% and FMG falling 3.4%. Lithium stocks and rare earths also collapsed with only oil and gas doing ok. WDS up 7.2% and STO rising 3.4%. Even BPT was better. Uranium stocks slid, coal stocks better, NHC up 5.3% and WHC up 2.3%.

Banks held the line, the Big Bank Basket down to $302.13 (-0.2%). Supermarkets too showed their defensive qualities, though retail fell hard. JBH down 2.4% and WES falling another 2.1%. Healthcare also sold off, CSL down again and RMD fell 1.8%. Tech crumbled again, WTC off 7.0% and the All-Tech Index down 2.6%.

In corporate news, LYC lost 2.1% despite reporting the first production of samarium oxide at its Malaysian processing facility. BOE dropped 6.8% even as it increased the uranium resource at its Gould’s Dam and Jason’s satellite deposits in South Australia.

And ORA dropped 2.5% as it appointed Paul Victor as CFO.

In economic news, jobs data showed a solid 48,000 gain in employment, but the unemployment rate rising to 4.3%. The gain in employment during the month was part-time, which rose by 79,000 jobs, while full-time employment fell by 30,000.

10-year yields higher at 4.97%.

Asian markets fell on higher oil prices, Japan off 3.2%, HK down 1.7% and China down 1.0%.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 19 March: Fed and Iran take Wall Street lower

Thu, 19 Mar 2026 08:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 18 March: ASX 200 up 26 points | Calm returns (for now)

Wed, 18 Mar 2026 16:00:00 +1100

The ASX 200 rose 26 points to 8641 (0.3%) as confidence increased for an end to the war as oil prices fell slightly in Asia. A mixed session with the banks steady as CBA rose 0.6% with the Big Bank Basket steady at $302.98 (+0.1%). MQG jumped 0.9% on news of a Kuwait pipeline deal not proceeding. Other financials slightly firmer, MFG up 1.9% and GQG up 1.8%. Healthcare was slightly better with SIG up 0.8% and RMD gaining 0.8%. CSL still struggling down 2.2%. Tech mixed, XRO up 2.3% with WTC falling 1.3% and the All-Tech Index up 0.7%. Utilities were firm.

In resources, BHP rose 0.7% on its succession plan, rare earths stocks mixed, LYC up 1.9% and ARU up 1.9%. Lithium stocks slid, CXO announced a funding package to allow its project to reopen. Gold miners were mixed, BGL up 1.3% and NST gaining 1.4% with WGX falling 1.1%. Coal miners found some friends, NHC up 5.9% and uranium stocks pushing a little higher. PDN up 1.2% and BMN rising 2.2%.

In corporate news, SGM rallied 9.9% on a positive trading update, NVX fell 3.6% after a Nasdaq warning on closing price requirements. WDS has a new boss, same as the old boss.

Nothing on the economic front as banks, and other raised rates in unison today.

10-year yields lower at 4.89%.

Asian market better on oil prices, Japan up 2.6%, HK down 0.2% and China down 0.3%. Oil slightly lower in Asian trade.

US Futures: Dow up 225 Nasdaq up 130

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 18 March: US markets push slightly higher | Oil up, gold steady

Wed, 18 Mar 2026 09:00:00 +1100

A positive night on Wall Street even though Brent oil rose 3% as the Iranian conflict drags on indefinitely. Sentiment around travel and consumer spending got a boost after airline stocks Delta and American Airlines raised revenue guidance for the current quarter. The S&P500 rose 0.2% and the Nasdaq 0.4%. The Dow lifted 47 points. The VIX fell back 4.8% to 22.3.

Gold was steady, around US$5011. The fact that it’s not spiking suggest the market is not panicking around the Iranian situation. Bitcoin was steady too. Will they move together or keep to their historical zig and zag?

SPI Futures up 11 points. ASX set to open higher.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 17 March: ASX 200 up 31 points | RBA hikes as expected

Tue, 17 Mar 2026 16:00:00 +1100

The ASX 200 rose 31 points to 8614 (0.4%) despite the RBA raising rates as expected. The vote was close though, 5-4, a dovish hike. Banks were firm on the rate hike, CBA up 0.3% and the Big Bank Basket up to $302.60 (0.5%). Insurers better, even REITs firmed with GMG up 1.2% and SCG rising 1.1%. Healthcare under pressure, RMD falling another 0.6% and SIG down 1.1%. Industrials mixed, WES down 1.6% and ALL off 2.0% with REA and CAR falling again. Tech remains on the nose, WTC down 3.0% and XRO off 1.7%. The All -Tech Index down 1.4%.

In resources, iron ore stocks steadied, BHP up % and gold miners showing gains with bargain hunters emerging. EVN up 3.7% and GGP up 3.9%. Lithium and rare earths slid slightly, PLS down 1.9% and LYC off 4.6% on profit taking. Oil and gas mixed, STO up WDS down. Coal stocks under pressure with uranium stocks slightly firmer.

In corporate news, PPM fell 14.9% as CGF amended its NBIO downwards. PXA also slightly firmer on a deal to divest ‘Informed Decisions’. WAF rose 5.8% after stronger results and OBM gained on a broker upgrade.

On the economic front, the RBA increased rates by 25bps as anticipated. Close call though. Consumer confidence has fallen to the lowest since March 2020. The ACCC is talking to fuel companies too.

10-year yields steady at 4.98%.

Asian market weaker on oil prices, Japan up 0.5%, HK up 1.0% and China up 0.3%. Oil slightly higher in Asian trade.

US Futures: Dow down 95 Nasdaq down 57

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 17 March: US markets rally as oil falls | Meta to cull jobs

Tue, 17 Mar 2026 09:00:00 +1100

Stocks rose on Monday, while oil prices pulled back as Wall Street tried to recover from another losing week, with investors monitoring the latest developments of the Iran war.

The Dow Jones Industrial Average added 387.94 points, or 0.83%, closing at 46,946.41. The S&P 500 rose 1.01% to end at 6,699.38, and the Nasdaq Composite gained 1.22% and settled at 22,374.18.

Meta shares gained more than 2% on a report — which the company has called “speculative” — that it is planning to lay off more than 20% of its workforce. Additionally, Nvidia shares rose more than 1% as its GTC conference kicked off Monday.

SPI up 66 – RBA in focus – Gold flat – Oil falls

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 16 March: ASX 200 drops 34 | Banks solid, tech and resources fall again

Mon, 16 Mar 2026 16:00:00 +1100

The ASX 200 fell 34 points to 8583 (0.4%) as US futures stabilised and oil failed to kick despite weekend moves against Kharg Island. Banks held firm with CBA up 1.0% ahead of RBA. The Big Bank Basket rose to $300.96 (0.6%). Other financials also found some buyers with SOL up 1.1% and insurers slightly better. REITs were firm with GMG the exception as tech stocks remain as unloved as Khomeini. Industrials were mixed, WES recovered another 1.0% with TLS firming 1% and supermarkets stronger. Tech selling saw WTC down another 2.0% with XRO off 1.9% and the All-Tech Index down 1.3%. Retail drifted lower, JBH down 0.6% and PMV falling 1.3% with NCK falling another 0.5%.

In resources, the stronger USD and commodity price falls brought out the sellers. Gold hovered around $5000 with miners under pressure, NST falling % on broker downgrades, RRL ditched 8.3% with NEM off 4.2%. Lithium stocks eased too despite higher underlying prices, PLS down 2.7% and MIN fell 4.8%. Copper stocks and rare earths also down. LYC bucked the trend on a new deal with the US DoW. BHP, RIO and FMG all under pressure as the iron ore price flip flopped to losses in Asian trade. Oil and gas stocks firmed, WDS up 1.9% and STO 2.1% better.

In corporate news, S32 put its Mozambique aluminium smelter on care and maintenance. PPT sold its wealth business to Bain Capital for $500m. ORI settled long running litigation and KMD dumped 10.5% on news of another review of strategic funding options.

Nothing locally on the economic front, Chinese data better than expected as Trump talks a possible postponement of summit, unless China does not do its bit to get oil flowing. Day Two of Trade talks in Paris.

10-year yields steady at 4.98%.

Asian market weaker on oil prices, Japan down 0.3%, HK up 1.1% and China down 0.6%. Oil steady in Asian trade.

US Futures: Dow up 183 Nasdaq up 135

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 16 March: US markets slip | Kharg Island the focus as oil rises

Mon, 16 Mar 2026 09:00:00 +1100

US stocks finished down for the last session of the previous week. The S&P500 dropped 0.6%, the Nasdaq 0.9% and the Dow 119 points. Brent oil went up again to US$103 a barrel. Almost everything else, commodity wise, was down. Industrial metals in London were all red. Gold slipped again, threatening now to fall below US$5000 an ounce. Gold stocks fell in North America, and copper shares did just the same. There was no shelter in uranium and lithium either. Energy was the second best performer in the S&P500 but again the shares are more subdued than you’d think considering the rise in cashflow.

SPI down 61 - Oil the focus - RBA and Fed this week.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 13 March: ASX 200 drops 12, down 2.8% for the week | NST crashes on guidance downgrade

Fri, 13 Mar 2026 16:00:00 +1100

The ASX 200 lost a mere 12 points to 8617to finish the week down 2.6%. Banks pushed higher led by NAB with the Big Bank Basket back up to $299.06 (+1.1%). Insurers also better as rate rose, SOL up 1.5% and MFG continuing to find friends on the merger deal, up another 3.4%. PNI dropped 4.3% and RPL down 5.2% on another biotech investment blowing up. Industrials were a little better, WES managed a 0.8% rise, ALL up 1.2% and TLS rose 1.4%. Healthcare mixed, RMD falling 0.5% and RHC up 1.0%. Tech was mixed too, WTC eased 0.8% but XRO rose 2.6% and the All-Tech Index unchanged.

In resources, BHP fell 2.3% as its standoff in China continues, RIO and FMG doing well on the back of higher iron ore prices, gold miners slipped, not helped by NST crashing 18.8% on production woes. Oil and gas stocks muted with coal slightly firmer and uranium generally a little better, DYL up 1.0%.

In corporate news, IMM fell 88.6% after its Phase III trial was abandoned. QAN reached a settlement for $105m for CV19 related cases. WGX announced the completion of its sale of two projects. NST fell hard on a production downgrade due to milling issues at the Super Pit. LIC rallied as US-based prefab giant Hometown America bought a stake at 490c. EOS up 18.4% after it revealed $US45m ($64 million) in new defence orders, including a major Middle East contract for its Slinger weapon system.

Nothing on the economic front. US PCE index tonight. 10-year yields steady at 4.95%. Asian market weaker on oil prices, Japan down 0.8%, HK down 0.4% and China flat. Korea KOSPI down 1.9%. WTI Oil down 0.4% in Asia.

US Futures: DJ up 128, Nasdaq down 1.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 13 March: US markets fall as oil hits $100 | SPI down 24

Fri, 13 Mar 2026 08:00:00 +1100

The Dow Jones Industrial Average fell 739.42 points, or 1.56%, closing at 46,677.85. The S&P 500 lost 1.52% and settled at 6,672.62, while the Nasdaq Composite shed 1.78% to end at 22,311.98. All three indexes posted closing lows for 2026, and the 30-stock Dow ended the session below the 47,000 threshold for the first time this year.

Crude prices continued to climb after Iran’s new supreme leader, Mojtaba Khamenei, who was appointed on March 9, said that the Strait of Hormuz should remain closed as a “tool to pressure the enemy.” West Texas Intermediate futures rose 9.72% to settle at $95.73 per barrel. Brent crude futures settled up 9.22% to $100.46 per barrel — its first close above $100 since August 2022.

SPI down 28 - Gold eases - Adobe falls after hours - Not much corporate news around - Iron better.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 12 March: ASX 200 drops 115 points | Oil and gas hold up, coal better

Thu, 12 Mar 2026 17:00:00 +1100

The ASX 200 fell 115 points to 8629 (1.3%) as oil prices spiked higher on tankers hit in the Gulf. Another $50bn in value knocked off the ASX 200. Broad based losses with the banks falling, ANZ leading the big four down off 2.5% with the Big Bank Basket down to $295.56 (-1.2%). MQG dipped 2.7% as financials falling across the sector. SOL down 1.1% with NWL off 5.5% and CGF down 2.8%. Industrials sagged, WES off another 0.7%, retail falling on potential rate rises next week. JBH down 0.5% and LOV crashing 7.0%. MYR also under pressure, down 10.6% and NCK down 4.6%. Travel stocks fell again, FLT down 2.8%. Tech resumed the position of weakness, WTC down 2.6% and XRO off 4.2%. NXT fell 2.3% and 360 dropped 4.8%. REITs eased back, GMG down 3.3% and healthcare under pressure, RMD down again, off 3.1%. CSL falling 1.1%.

In resources, BHP fell 1.9% and RIO off 1.4%. Gold miners eased back, EVN down 1.3% and GMD falling 2.1%. Lithium eased, PLS off 2.5% and profit taking in rare earths after a strong run yesterday. AAI was a winner on higher aluminium prices, up 4.4%. Oil and gas stocks better, STO up 1.5% and WDS gaining 2.1% with uranium stocks slipping and coal stocks firming, YAL up 10.5% and WHC rallying 6.7%.

In corporate news, ALX fell after toll news in the US. LTR fell 0.6% after reporting a loss of $184m. CKF delivered with a 5.2% rise on German store openings.

On the economic front, everyone seems to be in lockstep now on a rate rise next week. Household spending has fallen for the first time since September 2024

10-year yields push to 4.95%.

Asian market weaker on oil prices, Japan down 1.5%, HK down 1.4% and China down 1.1%. Korea KOSPI down 1.3%

US Futures: DJ down 502, Nasdaq off 210.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 12 March: EIA releases strategic reserve | Oil still rises

Thu, 12 Mar 2026 09:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 11 March: ASX 200 jumps 51 as banks and resources charge higher | US futures positive

Wed, 11 Mar 2026 17:00:00 +1100

The ASX 200 rallied another 51 points in quiet trade. Jumped 17 points at the close on ETF rebalancing. Waiting for more news. Banks and resources led the gains, the Big Bank Basket up to $299.01 (0.8%) with ANZ the standout, up 1.8%. MQG up 1.3% with financials mixed. GQG dropped 5.5% on latest FUM numbers. Insurers better as yields rose on Andrew Hauser’s (RBA deputy) comments on inflation. QBE up 1.6%. Retail dropped after bank after bank forecast a rate rise next week to counter the oil price rise. JBH down 1.5% and NCK off 2.9%. Travel stocks failing to find buyers, WEB off 1.8%. Utilities fell with AGL bombing 5.6% with ORG down 1.4%. Healthcare stocks also in ICU today, CSL falling another 1.4% with RMD unwinding 3.4%. Tech lower as sellers took profits after recent rallies. WTC down 3.6% and XRO falling 2.2% with the All-Tech Index down 1.3%.

Resources did well, BHP, RIO and FMG pushed higher on IO price rises, rare earth stocks took off on LYC news of a JARE deal and floor price, up 16.2%. ARU jumping 16.0% with ILU also doing well. Gold miners were slightly positive, OBM jumped 21.5% on a big resource upgrade. Oil and gas stocks flat, coal eased and Uranium stocks better in places. It is 15 years since the Fukushima disaster. Japan now keen to embrace nuclear again as oil prices rise.

In corporate news, DRO announced a new manufacturing push in Europe. MAQ jumped 7.0% on a $200m hybrid investment.

On the economic front, money markets are now pricing in a 77% chance of a rate rise next week. Economists falling over themselves to warn on rises.

10-year yields steady at 4.85%.

Asian market recover, Japan up 2.6%, HK up 0.1% and China up 0.5%. Korea KOSPI up 3.5%

US Futures down DJ up 165 Nasdaq up 112.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 11 March: US markets volatile but end flat as oil whipsaws | Oracle results positive

Wed, 11 Mar 2026 08:00:00 +1100

The S&P 500 fell slightly on Tuesday in choppy trading as oil prices pulled back and traders kept an eye on the Iran war.

The broad market index dropped 0.21% to end at 6,781.48. The Dow Jones Industrial Average dipped 34.29 points, or 0.07%, and closed at 47,706.51. The Nasdaq Composite inched up 0.01% to settle at 22,697.10. The Dow had lost as much as 296.57 points earlier in the day. The S&P 500 and Nasdaq were down 0.5% and 0.4%, respectively, at their lows.

Oil prices, which spiked to nearly $120 a barrel Monday at height of fear around the Iran conflict, dropped as traders believed a group of countries would tap emergency crude reserves to mitigate disruption caused by the conflict.

SPI up 24points - Commodities slightly firmer. No corporate or economic data due - US CPI tonight.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 10 March: ASX 200 up 94 points, off highs | Oil creeping higher

Tue, 10 Mar 2026 16:00:00 +1100

The ASX 200 rallied 94 points to 8693 (1.1%) well off its highs as caution crept back in. Banks were muted in the recovery with the Big Bank Basket up to $296.78 (1.5%). CBA up 1.4% and NAB up 1.7%. MQG bounced 1.6% and other financials also firmed but not getting too carried away. SUN up 2.8% with HUB gaining 0.4%. REITs firmed GMG up 0.9% and SCG up 1.1% with VCX falling 0.4%. Industrials firm without conviction, CSL up 1.7% and WES rebounding 1.5%. SGH rallied 1.1% and QAN gained 0.5%. Tech was slightly better, WTC up 0.8% and REA up 1.4% with the All-Tech Index up 1.9%.

In resources, BHP rallied 2.3% with RIO up only 0.6% as Mongolia questioning Oyu Tolgoi deal. Lithium stocks marched higher, PLS up 5.2% and LTR rising 5.4%. Gold miners rallied but muted, EVN up 1.7% and NEM up 2.0%. Copper stocks rallied, SFR up 5.8% and CSC rising 2.2%. Oil and gas stocks fell hard as crude dropped, WDS down 3.8% and STO off 3.5%. Coal stocks also feeling unloved, NHC down 2.7% and WHC off 1.2%. Uranium stocks bounced hard, PDN up 6.7%.

In corporate news, ORI dipped 3.4% on a $100m cost reduction program, TLX rose 7.8% on promising TLX591 news. CSL announced it was expanding its US manufacturing capacity.

In economic news, the Westpac–Melbourne Institute consumer sentiment index rose 1.2% to 91.6 in March, from 90.5 in February, whilst the ANZ Roy Morgan consumer numbers showed a drop of 3.7pts to 73.4.

10-year yields drop to 4.85%.

Asian market recover, Japan up 2.1%, HK up 1.7% and China up 0.4%. Korea KOSPI up 4.4%

US Futures down, DJ down 106, Nasdaq down 53.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 10 March: US markets stage stunning reversal | Oil drops

Tue, 10 Mar 2026 08:00:00 +1100

The S&P 500 made a comeback from earlier losses on Monday after President Donald Trump said the war against Iran could be reaching its end.

The broad market index rose 0.83% to close at 6,795.99, while the Dow Jones Industrial Average added 239.25 points, or 0.5%, and ended at 47,740.80. The blue-chip index is coming off its biggest weekly slide in nearly a year. The Nasdaq Composite jumped 1.38% and settled at 22,695.95. Those moves mark an impressive turnaround from the losses seen earlier in the day. The Dow was down nearly 900 points at its session low, and the S&P 500 and Nasdaq fell as much as 1.5% each.

SPI Futures up 184 points. ASX to open 2% higher.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 9 March: ASX 200 drops 252, well off lows | Oil off highs

Mon, 09 Mar 2026 16:00:00 +1100

The ASX 200 cratered another 252 points to 8599 (2.9%), as buyers stepped in as the afternoon wore on. Well off lows, but unconvincing. Oil prices in Asia soared with regional markets falling hard. Across the board losses led by BHP down 5.1% and RIO off 3.8%. Gold miners sold down despite bullion holding up relatively well. NST down 6.2% and EVN off 5.9% with WGX falling 5.7%. Lithium stocks under siege, PLS down 6.7% and MIN off 1.6%. Copper stocks walloped, SFR down 8.2% and other base metal stocks falling. BSL dropped 4.4%. Oil and gas stocks better, but not racing away. WDS up 2.0% and STO up 2.4% with coal stocks better. Uranium stocks dropped, PDN down 7.9% and BOE falling 6.5%. Banks were hit too but off lows, ANZ dropped 2.3% with CBA down 1.8% and the Big Bank Basket falling to $292.41 (-1.9%). MQG fell 2.4% (off lows) with insurers and other financials easier. XYZ fell 4.5% and HUB down 5.4%. REITs fell, GMG off 2.0% and SCG down 3.6%. Industrials were also hit in the Monday flush. BXB down 4.8%, QAN fell 4.5% on higher jet fuel prices, TLS eased 1.3% and healthcare stocks dropped. CSL down 2.8% and RMD off 3.2%. Tech stocks back under pressure again, XRO down 4.8% and TNE off 3.7%. The All-Tech Index fell 3.7%.

In corporate news, DNL fell 9.7% on the sale of its fertiliser business. DGT fell 7.4% as its CEO stepped back for a time. PME fell 0.9% despite a renewal of a $40m contract. NAN gained 3.8% on FDA clearance for an expanded range of indications.

In economic news, nothing on the local front. 10-year yields jumped to 4.94%. Asian market flushed, Japan down 6.8% (Nikkei), Topix down 4.5%, HK down 2.4% and China down 0.9%. Korea KOSPI down 8.8%.

US Futures down. DJ down 831. Nasdaq down 480.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 9 March: US markets drop, oil soars | Brace again!

Mon, 09 Mar 2026 08:00:00 +1100

The Dow dropped 453 points, the Nasdaq fell 1.5% and the S&P 500 lost 1.3%. The VIX rose 26% to 29. European markets were down again. Bitcoin dropped 4.5%.Overall resources held up. Gold rose 1.8%, silver 2.4% and even industrial metals in London held the line. It didn’t help the related shares though. All were down, some quite sharply, with the exception of energy firms – the only sector in the S&P 500 to stay positive. Also important was the latest US jobs data. The US unexpectedly lost 92,000 jobs in February. It was supposed to be a 55,000 gain. Retail sales declined 0.2%, slightly better than forecast.

WTI hit its highest level since 2023 and just completed its biggest weekly rise ever. It’s up 36% for the week. US President Trump says there’ll be no deal with Iran except “unconditional surrender”. Qatar’s energy minister warns oil could hit US$150 a barrel. Also of interest is his observation that Qatar’s LNG expansion plans are now postponed. This was supposed to bring down world LNG prices and help sustain the economic expansion. Losing this is not good for the world.

SPI Futures down 156 points. ASX set to open lower on Monday.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 6 March: ASX 200 down 89 points, off lows | US futures positive

Fri, 06 Mar 2026 16:00:00 +1100

The ASX 200 smashed lower from the start. Red lights out and down we went. At the chequered flag, the index was down 89 points to 8851 (1.0%). Off lows. Narrow range trading again. Down around 3.8% for the week. Worse week since April. In the pits today was ‘Team iron Ore’, BHP down 4.2% being a big drag on racing. RIO falling 3.6% and FMG slipping 0.7%. BHP having issues with the stewards in China again on products. Gold miners also feeling tired today as the sell-off continues, despite the bullion price relatively steady. Those on the podium recently have been hit, whilst the losers are being bought up. The tech sector is doing well on its one-stop strategy, with the All-Tech Index up 3.9%. WTC racing ahead up 10.8% and XRO rallying 4.5% as it sees a push! Push! Push! Old skool tech also bounced, REA up 4.9% with TLS solid lap times up 1.2%.

Banks skidded with the Big Bank Basket down to $297.93 (-0.4%) as drivers rested. Financials though generally better, MQG up 0.7% and even GQG cutting corners unchanged. Even ZIP managed a lower podium finish, up 3.7%. MFG charging up 9.3% as the Lowy family takes a stake in the new merged business. Energy stocks were mixed, coal stocks eased back on the throttle, WDS and STO better as DRS kicked in and uranium stocks seeing brake failure and suffering losses.

In corporate news, DYL dropped 11.8% on results, Iron ore stocks pulled lower on reports that China’s state backed buyer had found some cargoes had been flouting restrictions.

In economic news, the ACCC warned petrol retailers from price gouging. Good luck with that.

Asian markets firmed, Japan up 0.1%, China up 0.2% and HK up 1.9%. South Korea mixed. KOSDAQ up 2.7% KOSPI down 0.9%

10-year yields jumped to 4.84%

US Futures down DJ up 113 and Nasdaq up 72.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 6 March: US markets fall but off lows | Commodities under pressure

Fri, 06 Mar 2026 09:00:00 +1100

Stocks resumed their decline Thursday after a one-day respite as concerns over the Iran war flared up again with U.S. crude topping $80 per barrel.

The Dow Jones Industrial Average declined 784.67 points, or 1.61%, to 47,954.74. The

S&P 500 fell 0.56% to 6,830.71, while the Nasdaq Composite dipped 0.26% to 22,748.99. The stock sell-off was led by Boeing, Caterpillar

and other names that stand to lose the most if the global economy slows.

Oil prices jumped, with West Texas Intermediate crude futures surpassing $80 per barrel in the afternoon to hit its highest level since July 2024, after Iran said it hit an oil tanker with a missile. It settled up more than 8% at $81.01 a barrel. International benchmark

Brent crude futures settled nearly 5% higher at $85.41 per barrel.

SPI down 125 - Commodities under pressure.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 5 March: ASX 200 jumps 39, Korea up 11% | Banks and tech rally

Thu, 05 Mar 2026 16:00:00 +1100

The ASX 200 limped around most of the day closing up 39 points to 8940 (0.4%) with a conviction less rally. Banks found their feet with CBA up 0.4% and the Big Bank Basket up to $299.13 (+0.5%). MQG had a rare good day up 3.8% with insurers and other financials better, ZIP rose 9.9%. REITs were mixed, GMG up 2.4% and SCG off 0.5%. In industrials, WES continue to flop, down another 0.7%. Retail was flat, Healthcare better led by CSL up 2.5% and RMD up 0.8%. Tech had a good day too. WTC up 7.1% and XRO up 4.3% with the All-Tech Index up 3.4%.

Resources were a hodge-podge. Gold miners slid again with small across the board losses, EVN down 2.1% and NST down 1.9%. Iron ore majors were mixed, BHP down 1.0% and RIO up 1.2%. Lithium stocks better, higher oil prices push many towards electrification. PLS up 1.5% and LTR rising 2.3%. Copper stocks not doing much. Uranium stocks were better, PDN up 2.2% and NXG rising 3.2%. Both VEA and ALD had solid days on petrol price rises. WDS eased 1.0% and STO up 1.0%. Coal stocks were bid up, WHC up 4.3% but NHC down 1.8%.

In corporate news, SGR unchanged as the Court ruled that ASIC failed to prove its case. TLC down 0.7% after bringing in a new operating model.

On the economic front, China held its Congress with new targets. Iron ore rose as China renewed a pledge to tackle overcapacity and locally household spending was slightly subdued. Annual growth came in at 4.6%.

Asian markets bounce back. Japan up 2.1%, HK up 0.8% and China up 1.3%. Korea up close to 11%!

10-year yields jump to 4.79%

US Futures down DJ off 132pts and Nasdaq down 35

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 5 March: US markets bounce with no conviction | Gold recovers slightly

Thu, 05 Mar 2026 08:00:00 +1100

Stocks rose on Wednesday, building on the momentum seen late in the previous session, as the surge in oil prices pulled back following developments in the U.S.-Israeli war on Iran and fears about a U.S. economic growth scare faded.

The Dow Jones Industrial Average added 238.14 points, or 0.49%, to close at 48,739.41. The 30-stock index snapped a three-day run of losses. The S&P 500 gained 0.78% and ended at 6,869.50, while the Nasdaq Composite moved 1.29% higher and settled at 22,807.48.

Technology stocks supported the broader market, particularly those in the chips space. Micron Technology and Advanced Micro Devices each advanced more than 5%. Broadcom and Nvidia climbed more than 1% apiece.

A couple of strong economic data releases bolstered sentiment among investors Wednesday.

SPI up 95 - Gold recovers - Trade numbers later

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 4 March: ASX 200 drops 176 with banks and resources sold down | Tech holds up

Wed, 04 Mar 2026 16:00:00 +1100

Day 5 - The ASX 200 fell another 176 points to 8901 (1.9%) as resources and banks came under pressure. Asian regional markets went into full panic mode with Korea down 11%, its largest move since the GFC. It had been a tear for some weeks and has now come undone. Resources were under serious pressure from the off. BHP down 3.5% with FMG off 3.0% and the gold miners down but not quite out. NST down 2.5% and EVN off 4.7%. Lithium stocks dropped, LTR down 3.2% and PLS off 1.3%. Copper stocks also falling hard, SFR down 2.9% and CSC down 2.2%. BSL bucked the trend as management said it was happy to chat to SGH! Uranium stocks dipped with PDN down 7.6% and BOE falling 8.4%. Oil and gas stocks were slightly lower, STO down 0.4%, BPT dipping 0.9% and VEA off 1.9%. WDS rose 0.9%.

Banks fell after safe haven status was revoked today. CBA down 1.2% and MQG falling 2.5% as the Big Bank Basket dropped to $ (%). ANZ a big casualty off %. Other financials also eased, with insurers sloppy. QBE down % and MFG seeing profit taking off %. Industrials were generally weaker, WES continued to fall, CSL lost another 1.6% with COH down 3.5%. QAN dipped 2.7% and retail stocks fell. FLT down 1.1% and JBH off 1.7%. Tech managed to hold up with XRO up 2.0% and WTC flat. The All-Tech Index down 0.6%.

In corporate news, EDV results underwhelmed off 3.5% and A1N jumped 4.4% as Kyle and Jackie seem to be heading for an expensive divorce!

On the economic front, GDP came in slightly better than the RBA had forecast at 0.8%. China’s National People’s Congress in focus.

Asian markets crushed, Korea off around 12%, Japan fell 3.9%, HK off 3.0% and China down 1.4%.

10-year yields jump to 4.75%

US Futures down DJ off 216 pts and Nasdaq down 200.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 4 March: US markets recover slightly on shipping guarantee | Resources pounded

Wed, 04 Mar 2026 09:00:00 +1100

The Dow Jones Industrial Average lost 403.51 points, or 0.83%, and ended at 48,501.27. The S&P 500 slipped 0.94% to close at 6,816.63, while the Nasdaq Composite shed 1.02% to settle at 22,516.69. At their lows of the day, the S&P 500 lost 2.5%, and the Nasdaq was down about 2.7%. The 30-stock Dow was down more than 1,200 points, or around 2.6%, at its nadir.

SPI down 124 - Commodities sold down hard - Gold down - Oil up but off highs - GDP today - EDV results.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 3 March: ASX 200 drops 124 as Middle East turns uglier | Banks hold steady

Tue, 03 Mar 2026 16:00:00 +1100

The ASX 200 fell 124 points to 9077 (1.3%) as events in the Middle East started to catch up. Comments from Michele Bullock on rate rises didn’t help sentiment. Although the RBA is as in the dark as the rest of us in terms of implications. Across the board losses as resources saw profit taking, BHP fell 2.6% and RIO dropped 2.4%. Gold miners eased back after gains yesterday, leverage again being unwound. EVN down 4.5% and NEM off 2.0%. Rare earths and lithium fell hard, PLS dropped 6.8% and MIN off 6.1%. Oil and gas firmed, but not getting carried away. WDS up 0.8% and KAR up another 1.7%. Uranium stocks firmed too, PDN up 0.4% and coal better, WHC up 3.2% as coal prices spiked.

Banks eased back slightly with the Big Bank Basket up modestly to $302.82 (+0.2%). MQG dropped 1.7% but MFG soared 21.9% on the Barrenjoey deal and placement. Insurers slipped but REITs hit hard as bond yields rose. GMG down 2.4% and CHC off 2.2%. Healthcare stocks fell led by CSL down 1.4% and FPH down 1.5%. WES dipped 3.6% with retail stocks falling hard on rate rise fears plus higher petrol prices. JBH down 3.2% and APE fell 5.6%. Travel stocks remain on the nose, FLT down 1.8% and WEB falling 2.0%. Tech held up relatively well, WTC off only 2.3% and XRO down 1.4% with the All-Tech Index down 2.3%.

In corporate news, TWE fell 1.7% despite the French billionaire increasing his stake. CSC fell 8.1% despite record revenue and EBITDA failing to meet expectations. 360 ditched despite a maiden annual profit. NEU sold down 8.8% on news Acadia has requested a re-examination of EU ruling.

On the economic front, consumer confidence fell 3.1pts last week.

Asian markets weaker, Japan fell 2.7%, HK off 0.1% and China up 0.2%. South Korea down 5.7%. It had a holiday yesterday!

10-year yields jump to 4.76%

US Futures down DJ off 317 pts and Nasdaq down 275.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 3 March: US markets shrug off Iranian war | Gold takes a break

Tue, 03 Mar 2026 08:00:00 +1100

US equities were mostly higher in Monday trading, ending a bit off best levels. Big tech was mostly higher with NVDA the upside standout. Other outperformers included energy (crude), defense (Iran), software, banks (particularly regionals), PE, insurers, steel, rails, small-caps, and E&Cs. Laggards included airlines (fuel-price concerns), homebuilders (yields), semis, HDDs, managed care (ELV), pharma/biotech, MedTech, building products, travel/tourism, casual diners, apparel, housing-related retail, HPCs, beverages, and China tech. Treasuries came under meaningful pressure with yields up 9-10 bp at the short end of the curve. Dollar index was up 1.0%. Gold finished up 1.2%, though off best levels. Silver was down 4.8%. Bitcoin futures were up 5.8%. WTI crude settled up 6.3% and closed at its highest level since last June (though came off even higher overnight levels).

SPI down 20 - Gold up slightly - Oil up on Strait closure news.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 2 March: ASX 200 shrugs off war | Tech falls, resources rally

Mon, 02 Mar 2026 16:00:00 +1100

An interesting day as the ASX 200 closed up 2 points at 9201. A good fight back from early losses as we await the day’s action in Iran. The playbook for a conflict was back in force. Gold miners rose with NST up 4.8% and EVN rising 6.6%, base metal stocks also rose with oil and gas stocks flying high, STO up 6.7% with KAR rallying 15.2% on a broker upgrade too. Uranium stocks firmed. The big miners were solid, BHP and RIO up around 1.4% although FMG fell 3.0% as it went ex-dividend. Travel stocks fell, WEB down % and FLT off 5.7%. QAN down 5.4% although VGN rose 4.5%. Retail stocks eased back as oil price rises will take away some demand. ALL down 1.8% and JBH off 0.7%. Tech stocks were hurt, more on US tech than any war discount. WTC dropped % and XRO fell % with the All-Tech Index down 2.5%. Banks were flat with the Big Bank Basket down to $302.24 (%). Issues more with mortgage fraud and following US banks lower. MQG hit for six on US investment bank woes, Plus MFG announced a merger with Barrenjoey. Other financials also eased back.

In corporate news, LYC jumped 5.4% on a renewal of its Malaysian licence for another ten years. MAF dropped 2.6% after agreeing to sell Infinite Care. MFG in a halt, as it raises $130m to merge with Barrenjoey.

In economic news, Job advertisements in Australia rose back-to-back for the first time in 16 months.

Asian markets weaker, South Korea closed, Japan down 1.3% with airline stocks in Asia under serious pressure. HK down 1.6% and China down 0.1%

10-year yields fall to 4.64%

US Futures obviously weaker but off lows, weaker despite Nvidia results beating forecasts.

DJ down 360 Nasdaq down 180. US crude up 5.7% at US$70.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 2 March: US futures will be key | War to take centre stage

Mon, 02 Mar 2026 09:00:00 +1100

The Nasdaq finished down 0.9% on Friday night. The S&P 500 0.4%. The Dow lost 521 points. The VIX rose 6.9%. Bitcoin fell back another 2%. Financials were the worst performing sector in the S&P 500. old rose 1% and US bonds rallied, both on a safe haven bid.

Events over the weekend have overtaken markets. Oil opens in an hour. NZ down 1.6%- SPI down 20 but that was before the attack.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 27 February: ASX 200 up 1.3% for the week

Fri, 27 Feb 2026 17:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 27 February: US markets mixed, Nvidia falls hard | Last day of results

Fri, 27 Feb 2026 08:00:00 +1100

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 26 February: ASX 200 up 47 points, new record | Tech jumps

Thu, 26 Feb 2026 16:00:00 +1100

Another day, another record high as the ASX 200 rose 47 points to 9174 (0.5%). Banks missed the memo today, the Big Bank Basket fell to $309.01 (-0.5%) with ANZ a winner. MQG too rallied a little, up 1.2% and other financials also rallied, AMP up 3.9% and ZIP rallying another 5.4%. GQG also had a better day up 2.3% with PPT up 8.3% on results. Insurers flat. REITs better, GMG up 1.2% and SCG rising 1.9%. Industrials were better with the healthcare sector rising, CSL up 0.6% and COH rising 0.9%. Tech stocks were back in vogue, WTC jumped another 2.6% with XRO up 8.6% and the All-Tech Index flying 3.8% higher. REA and CAR also caught the optimism. WOW and COL pushed ahead, Agri stocks were also firm following RIC results. ELD up 2.8% and A2M up 1.4%.

In resources, BHP hitting fresh records, up 2.2% with RIO playing catch up rallying 3.7%. FMG fell slightly. Gold miners took a breather with lithium stocks roaring on moves from Zimbabwe to limit exports of critical metals. PLS rallied another 8.3% to record highs, MIN up 4.0% and LTR dropping 8.6% on a large block trade indigestion. BSL dropped 2.3% as the board rejected the SGH bid. Energy stocks eased, WDS down 1.1% and PDN fell 4.2% with DYL off 4.4%.

In corporate news, QAN fell on a weaker outlook, LYC rose 1.2% on better than expected results, NEU jumped 5.7% on DAYBUE sales numbers, WOR stumbled 10.2% on worse than expected results. DRO rallied 8.9% on some new orders out of Europe and SUL jumped 8.4% on better numbers. CTT went flat on results falling 25.6%.

On the economic front, Private new capital expenditure (capex) rose 0.4% in the December quarter.

Asian markets came back online with Japan up 0.9%. China down 0.2% and HK down 0.4%.

10-year yields steady at 4.70%

US Futures slightly weaker despite Nvidia results beating forecasts. DJ down 0.2% Nasdaq down 0.3%.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 26 February: US markets push ahead | Nvidia beats on results

Thu, 26 Feb 2026 09:00:00 +1100

U.S. equities rose on Wednesday, supported by Nvidia and Oracle, as stocks built on the gains from the prior trading day.

The S&P 500 added 0.81% and closed at 6,946.13, and the Nasdaq Composite advanced 1.26% to 23,152.08. The Dow Jones Industrial Average increased 307.65 points, or 0.63%, and settled at 49,482.15.

Commodities rally. Bitcoin up 8%, Nvidia up 3% on results - Results in focus - QAN, SIG, WGX.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 25 February: ASX 200 charges 106 points ahead | Resources and tech lead the charge

Wed, 25 Feb 2026 16:00:00 +1100

The ASX 200 rose 106 points to 9128 (1.2%). Banks were slightly higher with WBC up % and the Big Bank Basket rose to $310.41 (0.5%). MQG had an anaemic 0.3% rally. Financials were better with GQG up 3.3% and ZIP soaring 9.4%. NWL and HUB also rallied. Insurers flat. REITs mixed, SCG up 0.3% and MGR falling 1.0%. Healthcare mixed, CSL flat, RMD down 2.7%. Tech was the place to be following a US rally and the WTC results and job losses. WTC rose 11.1% kicking the All -Tech Index up 4.0% with XRO up 5.5% and IRE jumping 9.6% on better-than-expected results. MP1 bounced 9.8% as volatility continued. Industrials mixed, WOW soared 13.0% on much better results, JBH rallied 0.9% and WES continued lower. TAH hit the jackpot on results rising 23.5%. REA and CAR both trundled higher.

In resources, BHP hitting record highs again up another 3.2%. FMG jumped 4.7% on results. RIO joined in too. Gold miners were mostly better, NST up 2.1% and EVN up 3.3%. Lithium stocks jumped again, PLS up 2.8% and MIN up 1.5%. LYC jumped 7.9%. Copper stocks also in demand, SFR up 2.2%. Uranium stocks picked up pace, PDN up 4.0% and NXG rising 3.7%.

In corporate news, DMP dumped 11.1% on sales and margin issues. FLT softer on reaffirmed guidance. IRE rallied 9.6% on results and AX1 soared 19.9% after beating H1 and the dividend. DRO also had a good day, up 12.6%, after net profit jumped 367%. Still only $3.5m.

On the economic front, Australian monthly CPI came in a 3.8% as expected. 3.4% on the core CPI. Slightly above forecasts. Rate rises still on the table.

Asian markets came back online with Japan up 2.4%. China up 1.2% and HK rising 0.8%.

US Futures slightly firmer. Dow up 4 and Nasdaq up 29 on SOTU Address.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 25 February: US markets rally, SPI up 61 | Results in focus

Wed, 25 Feb 2026 09:00:00 +1100

U.S. equities rose on Tuesday, led by gains in Advanced Micro Devices and software stocks, as investors’ fears around artificial intelligence disruption to certain industries eased.

The S&P 500 advanced 0.77% to close at 6,890.07, while the Nasdaq Composite rose 1.04% and settled at 22,863.68. The Dow Jones Industrial Average added 370.44 points, or 0.76%, and ended at 49,174.50. The 30-stock index was supported by a nearly 2% rise in Home Depot shares after the company’s earnings beat expectations for the first time in a year. IBM shares, which tumbled in the prior trading day as a result of aforementioned AI fears, also added to the Dow’s gains.

SPI up 61 - Results and CPI in focus.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 24 February: ASX 200 falls 4 points as US futures rally | Banks firm

Tue, 24 Feb 2026 16:00:00 +1100

The ASX 200 opened firm, slipped then rallied off lows as US futures stayed positive. We closed down only 4 points to 9022. Banks made a comeback, NAB up 1.0% with WBC up 1.5% and the Big Bank Basket up to $309.01 (0.3%). Financials elsewhere were smacked down on private equity fears, AI concerns and bears playing havoc post results. MQG dropped 3.6% on PE concerns, RPL rallied hard on better results, up 4.8% and NGI came under extreme pressure down 5.4%. MAF continued lower. ZIP fell another 6.4%. Insurers also fell, QBE off 1.6%. REITs too under pressure, GMG down 2.6% and SCG falling 1.1%. Industrials were mixed, WES down 1.8% and REA off 3.9% with tech under extreme pressure again, WTC fell 3.7% and XRO down 4.6% with the All-Tech Index down another 3.1%. Retail under pressure too, SUL off 2.5% and PMV falling 1.9%.

Resources were generally firm. BHP hit record highs, up 1.4% with RIO slipping 1.1% on some broker downgrades, FMG up 1.1%. Golds firmed then slid slightly as bullion prices came off the boil, NST up 1.6% and EVN up 0.8%. Lithium stocks went nuts, PLS up 8.0% and LTR rising 8.7%. Oil and gas stocks rose, WDS results cheered, STO up 0.4% and uranium stocks mixed.

In corporate news, MND pushed 5.9% higher on better than expected results, WDS managed a small rise after 24% drop in profits. NEC rallied 0.5% on numbers, VEA rose 8.1% after a stronger number. ARB had a shocker, falling 13.1% after a 17% drop in profits. KLS had a good day, up 7.8%, after announcing the sale of its tourism business.

On the economic front, Australian consumer confidence rose 3.1 points last week to 80.2.

Asian markets came back online with Japan up 0.9%. China up 1.3% and HK falling 1.9%

US Futures slightly firmer. Nasdaq up 120 - S&P 500 up 22.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 24 February: US markets fall on tariff uncertainty and AI woes | Gold pushes higher

Tue, 24 Feb 2026 09:00:00 +1100

Wall Street was down overnight, and sharply too. The Nasdaq and S&P500 both fell over 1%, and the Russell 2000 dropped 1.6%. The VIX rose 10% as AI disruption, tariffs and Iran suck the confidence out of investors and blur the outlook. US financials were hit hard after a report modelled potential AI disruption to the finance industry. The sector was the worst in the S&P500, falling 3.5%. Even the big and prestigious names aren’t immune. JP Morgan dropped 4.2% and Citigroup 4.5%.

The technology sector was mildly better, “only” falling 1.3%. AI fears are likely to roll through every sector and leave havoc in their wake. Even if it doesn’t hit earnings directly, the premium investors will pay for business with exposure could shrink badly here.

SPI futures up 27 points. ASX set to open higher.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 23 February: ASX 200 drops 55 points | Gold shines, banks fall

Mon, 23 Feb 2026 16:00:00 +1100

The ASX 200 gave back 55 points to 9026 (0.6%). US futures turned negative early and banks slid, the Big Bank Basket down to $308.21 (-1.0%). MQG also down 2.4% on concerns with private equity and fund managers. Financials generally were weaker across the board, REITs slumped too, GMG down 3.6% and VCX off 3.1% with industrials sliding. WES down 1.7%, REA off 1.8% with retail falling, JBH off 1.9% and LOV down 1.4%. Tech once again on the nose, WTC falling 5.2%, XRO down 2.9% and the All-Tech Index falling another 3.3%. In healthcare, CSL fell 3.8% on tariff news, and COH off 1.7%.

In resources, BHP rose 1.3% as commodity stocks ran hard on falling USD. Lithium stocks picked up, PLS up 4.6% and MIN rising 5.0%. Gold miners powered ahead, NST up 3.4% and GMD up 5.4% with KCN rallying 8.8%. Oil and gas stocks fell, despite tensions in Iran and US snowstorms. Uranium stocks mixed, PDN down 3.8% and BOE off 3.2%.

In corporate news, KGN rose 5.5% on slightly better number and an increased dividend. LLC fell after a surprise loss. PRN tumbled 13.8% after softer numbers, ASB fell 11.0% on accounting qualifications despite record order books. IMD delivered a strong result.

In economic news, mortgage demand rose 12.3% to a four-year high.

Asian markets were better, China still closed, but HK up 2.3% and South Korea hitting new records. Japan closed for Emperor’s Birthday.

European markets opening lower on a resumption of the tariff war.

Dow futures down 311 Nasdaq down 238.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 23 February: US markets firm, Trump tariff news | Results continue

Mon, 23 Feb 2026 09:00:00 +1100

Wall Street finished higher for the last session as the market received the Supreme Court ruling over Trump’s tariffs and liked it. The Nasdaq rose 0.9% and the S&P500 0.7%, with European stocks positive too. The Financial Times says investors are pouring record sums into the eurozone to diversify away from the USA. Suddenly Europe’s lack of tech titans is looking like a shelter away from the unpredictability of AI.

SPI Futures up 16 points. ASX set to open higher on Monday.

—

SPI Futures up 16 points. ASX set to open higher on Monday.

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 20 February: ASX 200 loses 5 points in narrow range trading | TLX soars

Fri, 20 Feb 2026 16:00:00 +1100

The ASX 200 lost 5 points to 9081 for its first down day this week. No Freaky Friday drop! For the week, the index is up 1.8%. Banks leading the way again, the Big Bank Basket up to $311.23 (+0.9%). MQG fell 1.6% with other financials slipping again, ZIP eased 3.8% after an early rally. Insurers though firmed on a better set of numbers from QBE, up 7.1% and SUN up 1.8%. REITs were slightly firmer, industrials slipped lower, ALL down 4.6%, WOW and COL slid, TLS off 0.6% and REA dropping 0.6%. Retail also fell led by JBH off 1.2% and GYG crashing 13.9% on results and US update. Healthcare eased back, CSL off 0.6% and COH continuing lower. PME dropped 2.1% and RMD fell 0.6%. Tech was once again back on the noise, WTC off 3.8% and XRO falling 3.7% with the All-Tech Index off %.

Resources were mixed, RIO fell 3.1% on results whilst BHP held firm. Gold miners were mixed with results falling, NEM down 4.9% on numbers, GMD off 3.1% on its numbers. Lithium stocks fell, PLS down 4.6% on results, and LTR off 6.4% with results from MIN failing 5.3% to help sentiment. In the oil and gas space STO dropped 0.9% and uranium stocks were ok, PDN up 5.4% on Canadian approvals.

In corporate news, ING dropped as it cut its poultry forecast. NEM off 4.9% on its results, ASB awarded a $4bn contract from the ADF and TLX jumped 14.5% as it guided higher revenues.

On the economic front, nothing today, in the US, we may get the tariff ruling and we have Core PCE.

In Asia, HK back from holidays, down 0.6% and Japan down 1.3%.

US Futures up. DJ up 62 Nasdaq up 42

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 20 February: US markets going nowhere | Results in focus

Fri, 20 Feb 2026 09:00:00 +1100

Stocks fell on Thursday, leaving the S&P 500 near the flatline for the year, as investors shifted away from financials and monitored simmering tensions between the U.S. and Iran.

The Dow Jones Industrial Average lost 267.50 points, or 0.54%, settling at 49,395.16. The broad-based S&P 500 slipped 0.28% and ended at 6,861.89. The Nasdaq Composite lost 0.31% and closed at 22,682.73.

With Thursday’s move, the S&P 500 was up 0.2% for the year, while the 30-stock Dow was higher by more than 2%. The tech-heavy Nasdaq, however, is down more than 2% in 2026.

SPI down 44 - RIO results - RHC to sell Sante - ING chickens out!

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 19 February: ASX 200 up 79 points | Banks fire, BHP up

Thu, 19 Feb 2026 16:00:00 +1100

The ASX 200 kicked higher again. Four days in a row, up 79 to 9086 (0.9%). Up nearly 2% this week. Off record highs as jobs data provides reasons for the RBA to raise rates again. Super Thursday and results dominated, some good, some terrible. Banks firmed yet again, certainty. The Big Bank Basket rose to $308.43 (+1.4%). NAB up 2.4% and WBC up 2.7%. MQG also had a good day up 1.6% with insurers better and financials generally firming, ZIP came undone on disappointing guidance and bad debts. Down 34.4%. MPL also fell 5.6% on some misses on the numbers. REITs slid with GMG down 4.0% on results, Industrials were patchy, WES fell 5.6% with ALL and JBH falling away. Healthcare was better, CSL up 1.0% and RMD up 1.5%. Tech was better again, WTC up 1.9% and XRO rising 0.8%. HSN kicked again on broker calls. MAQ also firmed on a new debt facility. TNE also a good bounce on broker upgrades. The All-Tech Index continued higher, up 1.1%.

Resources were also firm, BHP and RIO pushing ahead, gold miners better, GMD up 1.9% on results, NEM up 1.4% and oil and gas stocks rallied hard on crude pushing up on Iran fears. STO up 5.6% and WDS up 4.5% with uranium stocks better too. PDN up 5.5% and LOT rising 4.3%.

In corporate news, plenty around. HUB surged 14.2% on good numbers. LIC dropped 7.1% after profits fell, TLS gained 3.6% on better numbers and rise in dividends. SHL and NWH also rising on better numbers.

On the economic front, jobs numbers came in as expected but 4.1% headline rate gives RBA reasons to raise again perhaps.

In Asia, South Korean markets hitting new records. China and HK closed. Japan up 0.9%

US Futures up. DJ down slightly Nasdaq up 2 pts!

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 19 February: US markets push higher | Fed minutes

Thu, 19 Feb 2026 09:00:00 +1100

The S&P 500 moved higher on Wednesday, supported by gains in key technology names, as traders weighed the release of the minutes from the Federal Reserve's most recent policy meeting.

The broad-based index climbed 0.56% to end at 6,881.31, while the Nasdaq Composite added 0.78% to close at 22,753.63. The Dow Jones Industrial Average rose 129.47 points, or 0.26%, and settled at 49,662.66.

SPI up 41 – Commodities rally hard – Super Thursday Reporting – WES – TLS – SHL – BXB – PLS

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 18 February: ASX 200 jumps 48 points to 9007 | NAB soars

Wed, 18 Feb 2026 16:00:00 +1100

The ASX 200 kicked higher again. Three days in a row, up 48 to 9007 (0.5%) despite CBA going ex-dividend. Record high back in sight. NAB was the standout today on Q1 results beating expectations, up 4.1%. The Big Bank Basket up to $304.05 (0.2%), financials kicked higher too, MQG up 0.6% and private health insurers roared ahead on government price changes. MPL up 6.0% and NHF up 5.0%. ZIP jumped 8.0% ahead of results, CGF also ran hard on results, up 8.3%. REITs firmed, GMG up 0.9% and SCG rising 1.3%. Industrials were firm too, QAN up 1.0%, TCL up 1.2% and ALL doing well up 2.3%. JBH fell back a little, healthcare still mixed, SIG down 1.0% and COH off 1.0%. In the tech space, some wins starting to hit the screens, TNE up 8.2% on guidance, XRO up 1.8% and HSN soared 16.4% on better-than-expected results.

In resource land, BHP slid 0.9% as copper drifted lower, RIO up 1.3% and FMG up 0.5%. Gold miners eased back as bullion prices fell on Lunar New Year. GMD down 2.9% and NST dropped 0.7%. CSC had a shocker falling 14.0% on very disappointing results and guidance. Lithium stocks bubbled higher, LTR roaring ahead, up 6.2% with PLS up 2.3%. BSL rose 2.6% on an increased bid from SGH. STO fell 0.6% on another disappointment. Uranium stocks bounded ahead, PDN up 5.6% and DYL up 4.4%.

In corporate news, SLC rose 18.2% on an acquisition and better than expected results. AFG rallied off lows after better numbers. Brokers are back. SUN fell 4.4% as profits fell short.

In economic news, the RBNZ left rates unchanged. Locally, the wage price index rose 0.8% in the December quarter and 3.4% annually.

US futures up. Dow Jones up 35 points, Nasdaq up 60.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 18 February: US markets flat | NAB Q1, BSL bid

Wed, 18 Feb 2026 09:00:00 +1100

Wobbly, uncertain, but they held on. That was the tale of US stocks last night. They opened down but the Nasdaq finished 0.1% higher and S&P 500 much the same. Apple recovered 3% but most of big tech and the chip stocks didn’t do all that much. US financials were positive and mining stocks were mixed. The rotation continues away from AI and tech. Gold and copper were both down, leading their sectors lower. Oil came off the boil as Iranian tensions moderated somewhat but it didn’t seem to hit energy shares as hard as their gold and copper equivalents. The uranium trade seems to have run out of puff. Again, we find the action more likely to be centred on the ASX because it’s such a big week of earnings updates. We’ve seen some big swings both ways, though mostly down it must be said.

SPI Futures up 43 points. ASX set to open higher. NAB and BSL revised bid from SGH.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 17 February: ASX 200 up 22 | Drifting around waiting for US lead

Tue, 17 Feb 2026 16:00:00 +1100

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 17 February: US markets closed | BHP results and silver deal

Tue, 17 Feb 2026 08:00:00 +1100

The US bond and stock markets were closed Monday for Presidents’ Day. That means we have no Wall Street lead for today’s ASX. SPI futures are up 15 points and suggest the ASX will open modestly higher. The news of the day will be dominated by the release of BHP’s latest results. The market will be looking for further clarity around their current negotiations around iron ore pricing with China. Commodity contracts still changed hands, with oil edging up as the world awaits Iranian developments, while gold slipped back on thin trading. Industrial metals in London were generally lower. China is on Lunar New Year holiday all week so news flow from the biggest consumer will be muted. I wouldn’t expect much from any of them for now.

BHP - SEK - JDO results

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 16 February: ASX 200 rallies 0.2% | ASB bounces, JBH OK

Mon, 16 Feb 2026 16:00:00 +1100

The ASX 200 finished up 20 to 8937 (0.2%) despite the big miners falling on lower iron ore prices. Banks pushed up slightly, NAB down 1.0% and ANZ off 3.1% with the Big Bank Basket up to $304.06 (%). Other financials were mixed, NWL rallied 3.7% and GQG up 5.5% with ZIP forging ahead up 5.5%. MQG rose 0.4%. Insurers better. Industrials were solid, WES up 1.2% with retail better as JBH rose 7.5% on better results, ALL up 2.2% and WOW and COL slightly firmer. ‘Old skool’ platform stocks also doing ok, REA up 2.9% and CAR up 2.7%. Tech stocks were the standouts after a torrid week last week. WTC up 12.9% and XRO rallying 7.6% with the All-Tech Index up 4.0%. 360 rose 6.8% with CAT also doing well, up 5.1%. REITs firmed, GMG up 0.6%.

In resources, the big three iron ore miners sold off as prices dipped below $100. Gold miners were bid up, GMD up 7.4% on a takeover of MAU. NEM gained 2.7% and WGX up 1.4%. Lithium stocks slightly firmer. VUL up 3.1%. Oil and gas stocks rose, uranium stocks glowed hotter, PDN up 1.4% and BMN up 4.6%.

In corporate news, TWE fell 5.2% after a disappointing result and a cut of the dividend. JBH rose 7.5% on a beat. ASB jumped 19.5% after a disastrous day Friday, QUB rose 3.3% after Macquarie went binding on its takeover at 520c. A2M creamed it up 6.8% after a better second half and ANN bounced 3.8% on cost cutting effort paying off.

Nothing on the economic front.

US Futures up slightly in birthday celebrations.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 16 February: US markets mixed | BEN, JBH, TWE results

Mon, 16 Feb 2026 09:00:00 +1100

It was a modest night of action on Friday as far as Wall Street is concerned. The S&P500 and the Nasdaq were essentially flat while the Russell 2000 outperformed, up 1%. Small caps keep showing more life than the big caps. Inflation data for January increased less than expected thanks to cheap “gas” and moderating housing rents. In the 12 months through to January, the CPI increased 2.4%. The reading was 2.7% in December. The market raised the odds of a June rate cut in response. 9 out of 11 S&P500 sectors were positive. Apple slipped again, down 2%, as was Nvidia. US financials, and the wider chip stocks, were solid but little moved. Gold shares rallied in response to a positive session for bullion.

SPI Futures up 51 points. ASX set to open higher.

Gold rallied a solid 2%, and silver did the same. Oil was steady, no doubt bolstered in part by the news a second US aircraft carrier is heading to the Middle East. Trump is flexing American muscle as Iran talks continue. Industrial metals were weak in London and iron ore is fading as Chinese demand still looks tepid. Copper inventories crossed over 1 million tons for the first time in 20 years. Bitcoin rallied 5% as it tries to form a base after the recent price collapse. Lost some of those gains over the weekend. Another big week of earnings for the ASX coming up.

TWE - BEN - JBH out this morning.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 13 February: ASX 200 drops 126 | Tech punished, results dominate

Fri, 13 Feb 2026 16:00:00 +1100

The ASX 200 lived up to its new Friday ‘free fall’ and dropped 126 points to 8925 (1.4%). Friday the 13th. Banks gave back some ground today as WBC delivered numbers in line. The Big Bank Basket drooped to $303.62(-1.0%). ANZ continued 1.3% higher on broker upgrades. Financials were sold down again, HUB off 4.1% and MQG falling 0.9% with GQG bucking the trend on better-than-expected results. ZIP fell hard as a tech stock should, down 8.5%. Insurers eased back. IAG the exception after results, up 1.0%. REITs were slightly firmer, GMG rallied 2.4% and SCG up 1.6%. Healthcare back in A&E with RMD down another % and CSL slipping 1.4%. COH fell 18.9% on results hitting deaf ears, as it downgraded guidance. Industrials were a sea of red, SGH off 2.7%, QAN down 1.2% and ALL down 5.0%. Utilities found friends on defensive buying. Technology stocks once again sold back into the bronze age, WTC down 10.4% and XRO falling 4.5%. The All-Tech Index losing another 4.7%.

Resources were also a sea of red, gold miners slid with NST off 3.5% and EVN giving 3.7% back. BHP down 1.8% on lower copper pricing, RIO holding firm and lithium stocks depressed. Energy stocks needing a boost, WDS down 2.1% and uranium seeing some fallout.

In corporate news, the bid for WJL came undone, the stock dropping 25.2%. NCK punished on LFL sales miss, down 22.2% %, ASB sunk 22.8% after some double counting revealed after the close last night.

In economic news, CBA says the neutral cash rate is now 3.6%. Pretty much the same as inflation, so that is easy to work out then. Australian households were in spending mode over summer. The latest CommBank Household Spending Insights Index shows spending rose 0.5%in January, marking 16 consecutive months of growth.

Standard Chartered warned of further bitcoin weakness and the largest US crypto exchange swung to a loss in the fourth quarter.

US futures Dow down 20 and Nasdaq down 10.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Friday 13 February: US markets drop again | Commodities sold down

Fri, 13 Feb 2026 09:00:00 +1100

Stocks dropped on Thursday as investors began to worry about the negative side of the artificial intelligence buildout, which threatens to disrupt the business models of whole industries and raise unemployment.

The Dow Jones Industrial Average shed 669.42 points, or 1.34%, to end at 49,451.98. The index was led lower by Cisco Systems, which slid 12% after the maker of networking hardware such as switches and routers issued disappointing guidance for the current quarter. The S&P 500 dropped 1.57% and closed at 6,832.76, while the Nasdaq Composite lost 2.03% and settled at 22,597.15.

Apple dropped 5% on Siri delays – SPI down 78 – COH and WBC results.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Thursday 12 February: ASX 200 up 29 points | Touches records, fails to hold

Thu, 12 Feb 2026 17:00:00 +1100

The ASX 200 missed it by this much. Closed up 29 points to close at 9044 (0.3%). Banks were once again the stars of the show as the ANZ result kicked it higher, up 8.5% with the Big Bank Basket up to $306.63 (+4.8%) a new record close. Other financials were sold down hard as AMP results bombed with investors, the stock falling 26.7%, ZIP dipped 5.8% and CGF fell 6.0%. Insurers also under pressure again, QBE down 2.0% and MPL falling 2.2%. Industrials also fell in a heap, are we really at record highs? ALL down 3.9% and JBH losing another 1.0% with REITs under pressure again, GMG down 1.7% and SCG off 5.3%. ‘Old Skool’ platforms, again in the doghouse, REA down 3.3% and CAR hitting a speed bump off 5.3%. Tech stocks were horrible again. It continues to cascade lower, the All-Tech Index down another 6.7% with WTC falling 6.6%, XRO heading that way, down 8.4% and TNE off 6.9%. Healthcare checked into A&E as CSL fell another 6.9% with RMD dropping 2.6% and PME being sold down 23.9% on disappointing numbers.

In resources, gold miners mixed, lithium stocks better, PLS up 3.8% and MIN pushing 1.4% higher. BHP and RIO doing well on copper prices, uranium struggling, LOT down 7.2% and PDN up 0.7% on better results.

In corporate news, TPW were smashed down 32.6% on disappointing numbers and increased discounting. AMP dropped and ASX fell 1.7% after its better-than-expected revenue, wiped out by expenses. BRG saw record EBITDA and popped 1.7% higher.

On the economic front, Michele Bullock got a grilling from one Senator.

US futures Dow up 157 points and Nasdaq up 46.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Thursday 12 February: US markets going nowhere | Jobs beat

Thu, 12 Feb 2026 08:00:00 +1100

US shares largely trod water, with the S&P 500 not moving either way. Bond yields rose as the US labour market data came out stronger than expected. That might mean the Fed isn’t as quick to cut rates to support jobs. Resources showed some spark, but it’s more consolidating the recent rally than further price appreciation. Perhaps the exception is oil, with energy being the best performer in the S&P500. Oil also helped Euro stocks hit record highs. OPEC released its monthly report this week. The group paused production hikes in the first quarter of 2026 but meets on March 1 to decide whether they should resume in April. OPEC says travel and road transport are helping to drive demand. The weaker US dollar also helps.

We have a multiple of companies releasing their updates today: ANZ, AMP, IAG, TPW, ASX, ORA, ORG, PME, BRG, NST and S32.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Wednesday 11 February: ASX 200 soars 147 points | Banks hit new records

Wed, 11 Feb 2026 16:00:00 +1100

The ASX 200 soared today as CBA delivered in spades, the index rising 147 points to 9015 (+1.7%). How things have changed around since ‘shambolic’ Friday last week. Up over 300 points since then! CBA beat forecasts and drove the banking sector higher. Not often that you see a 6.8% rise in CBA. NAB up 3.4% and the Big Bank Basket up to $292.52 (+5%). Insurers bounced back a little, SUN up 0.6% and MQG jumped 2.7% on broker comments. REITs under a little pressure with GMG down 1.0% and SCG off 0.5%. Healthcare in ICU today as CSL managed to top its shambolic CEO news with a bad set of numbers and dropped 4.6%. Some bargain hunters saving it from a worse fate. RMD dropped 4.7% as it went Ex-Dividend. Industrials were better, retail rose, JBH up 1.3% and WES up 1.0% with SGH also up 3.6% on better than expected numbers. Utilities better and ABB soared 14.8% on its deal with AGL. JHX also beat expectations and rose 10.9%.

In resource land, BHP up 1.6% and FMG doing well, up 2.3%. Gold miners started slow but ended up, EVN produced a good set of numbers and strong cash generation. Up 8.9%. NEM rose 2.4% and SBM up 10.5%. Lithium stocks improved slightly and uranium stocks off the bottom. Rare earths bounced, three-year highs in the underlying starting to feed into the sentiment.

In corporate news, results featured strongly, ASX CEO has quit, DMP has a new pizzaiolo. GQG slipped again on fresh FUM.

On the economic front, all eyes on US NFP, here we saw first home buyers loans jump the most since 2023!

US futures Dow up 141 and Nasdaq up 111.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Wednesday 11 February: US markets mixed, SPI up 39 | CBA, CSL, JHX results

Wed, 11 Feb 2026 09:00:00 +1100

The S&P 500 slipped on Tuesday as investors reacted to weaker-than-expected retail sales data and grew concerned about the threat artificial intelligence poses to the financial sector.

The broad-based index lost 0.33% and ended at 6,941.81, while the Nasdaq Composite slipped 0.59% and closed at 23,102.47. The Dow Jones Industrial Average rose 52.27 points, or 0.10%, posting a closing record of 50,188.14. The index had scored its third consecutive intraday record earlier in the day, a move that comes after it surpassed the 50,000 level for the first time ever last week.

SPI up 39 - CSL CBA JHX Results - Gold eases - Copper down.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Tuesday 10 February: ASX 200 falls 3 points as CSL is dumped | Banks slide

Tue, 10 Feb 2026 16:00:00 +1100

The ASX 200 started strongly, but wilted in the summer sun, up only 17 points at 8887 (0.2%). Part of the reason was the banks which fell as ANZ Consumer sentiment slid on rate rises last week. WBC and ANZ in trouble with around 2% falls, CBA down 0.7% with the Big Bank Basket down to $278.71 (-1.0%). MQG gave up early strong gains, up just 0.8% on a solid update. Insurers were bashed as OpenAI released a new insurance app in the US. Much like Compare the Market her. Brokers punished, AUB and SDF down significantly. Other financials solid, SOL up 2.2% and ZIP rallying another 6.1%. REITs solid, GMG up 1.2% and Healthcare was solid with CSL up 1.8% ahead of the results. Retail mixed, JBH down another 1.5% again, tech better and showing some signs of life, WTC up 2.6% on a Macquarie report, XRO up 2.2% and the All- Tech Index up 2.2%. Data centres doing better, NXT up 3.4% and MP1 up 2.6%.

In resources, BHP up 1.1% and RIO doing ok, Gold miners were mixed, NEM up 1.6% and GMD rising 2.8%. Lithium stocks better on a PLS price floor deal. Uranium stocks doing well too today, PDN up 5.5% and BMN up 10.9%. Oil and gas flat.

In corporate news, EOS soared 11.8% on a rebuttal to the Grizzly. NEM has flagged a Barrick IPO and TWE came to an agreement on its US distribution arm. CSL’s head honcho to retire immediately. Results tomorrow!

Asian markets - Japan up 2.2%. New record high. China unchanged and HK up 0.5%

US futures Dow up 19 and Nasdaq down 18. 10-year yields ease to 4.85%.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Tuesday 10 February: US markets push higher | Commodities strong

Tue, 10 Feb 2026 08:00:00 +1100

The S&P 500 rose on Monday, boosted by technology stocks, while the Dow Jones Industrial Average reached new heights as investors awaited critical economic data and another batch of earnings reports following a volatile week that ended with the 30-stock index reaching a key milestone.

The broad-based index advanced for a second straight day, rising 0.47% and ending at 6,964.82. The blue-chip Dow eked out a 20.20-point gain, or 0.04%, and settled at 50,135.87. The Dow Industrials scored a fresh all-time intraday high and closing record. The Nasdaq Composite jumped 0.9%, closing at 23,238.67.

Nvidia and Broadcom were standouts yet again Monday, extending their gains from the previous session with an advance of 2.5% and 3.3%, respectively.

SPI up 32 – Results in focus. MQG Update. Commodities very firm.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Monday 9 February: ASX 200 up 1.9% | Banks and resources rally hard

Mon, 09 Feb 2026 16:00:00 +1100

The ASX200 rose 161 points to 8870 (1.9%) as we wait for the next catalyst. US futures are slightly positive, but it’s a big week for earnings. CBA and CSL Wednesday. Banks were firm with CBA up 0.6% and the Big Bank Basket up to $281.52 (1.0%). MQG rallied 2.4% and other financials also doing well. ZIP up 3.8% and PPM rose % after a NBIO from CGF. Insurers rose too. REITs had a much better day, GMG jumped 6.5% on data centre outlook and SCG rose 1.8%. Industrials were firm, WES up 1.4% with CAR beating expectations, and rising 9.9%. Retail bounced, although JBH failed to get the memo. ALL up 2.4% and FLT bounce 6.2% in sympathy with WEB. Tech bounced but not really that convincing, WTC up 3.6% and XRO steadied up 1.4% with the All-Tech Index up 3.7%.

Resources saw money flood back in, BHP up 2.3% and FMG rallied 2.6% with gold miners better. NEM up 6.5% and NST rallying 3.6%. Lithium becalmed but copper and base metals did ok. SFR up 4.4% with ILU running hot. Uranium too glowing on US AI spend, LOT up 10.6% and DYL rallying 8.2% with coal also a merry old soul.

In corporate news, WEB rallied hard as the company clarified the Spanish Inquisition. Up 18.6%. No one expected that. BVS also doing well on a guidance update, rallying 29.4%. SEK took a $356m impairment against its Zhaopin business in China. ARG slightly higher after a profit of $130.8m in the first half, and lifted its fully franked interim dividend to a record 18.5c.

In economic news, locally Household spending fell by 0.4% in December in nominal terms. The PBoC injected a total of 600bn yuan via a 14-day repurchase agreement late last week, ending a two-month hiatus.

Bitcoin up to $71716.

Asian markets flying on Japanese election result. Japan up 4.3%. New record high. China up 1.4% and HK up 1.6%

US futures - Dow up 60 and Nasdaq up 48. Superbowl dominating.10-year yields firms to 4.86%.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

Pre-Market Report – Monday 9 February: US markets bounce back hard | Dow over 50k

Mon, 09 Feb 2026 09:00:00 +1100

Wall Street traded higher on Friday, paring losses from earlier in the week, with the Dow Jones index surpassing 50 000 for the first time. Almost all sectors saw gains on the S&P500, with tech stocks leading the index, up +4.1%. Communication Services underperformed, down -1.5%. Amazon declined -5.6% after forecasting a more than 50% increase in capex in 2026 after the bell on Thursday. Chip stocks rallied on expectations for increased AI spend, with Nvidia and Broadcom up +7.8% and +7.1% respectively.

Commodities rally - SPI up 108 - CAR in line - PPM bid from CGF.

—

Marcus Today – Daily Market Insights

Marcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.

If you'd like to go further:

Start a free 14-day trial of Marcus Today
http://bit.ly/mt-trial-podcast

Join Marcus Today
Use code MTPODCAST for 10% off
http://bit.ly/mt-join-podcast-offer

MT20 – Managed ETF Portfolio
A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing.
http://bit.ly/mt20-podcast

Principles – How We Think About Investing
A short video series on timing, behaviour, and decision-making. No stock tips.
http://bit.ly/mt-principles-podcast

—

Disclaimer
This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.

End of Day Report – Friday 6 February: ASX 200 drops 180 points, 1.8% for the week | Losses across the board

Fri, 06 Feb 2026 16:00:00 +1100

The ASX 200 fell 180points today to 8691 (2.0%). Biggest loss since Liberation Day! Across the board losses and no rally in sight this afternoon. Is this the climax of the selling? No where to run, no where to hide, Materials fell hard led by BHP down 3.1% as copper came under pressure in Asia, RIO held up on news the Glencore deal is off, FMG dipped 1.2%. Gold miners fell, although it could have been worse, NST down 1.7% and NEM off only 4.9% with uranium stocks falling hard too on AI trade impacts, LOT dropped 27.8% as it raised money, PDN fell 10.9% and oil and gas stocks fell, WDS down 1.6% and WHC down 4.1%. BPT continued to fall after the results yesterday. Lithium and other base metal stocks also fell, LYC down 3.2% and PLS off 1.2%.

Banks were holding up for a while, before gravity took over WBC down 1.2% and NAB down 1.6%. The Big Bank Basket fell only 0.8% to $278.71.MQG dropped 2.2% and other financials under pressure, HUB off 6.1% and ZIP down 3.3%. Insurers eased and REITs dropped big time, GMG down 6.1% and SCG off 2.5%. Healthcare fell in a hole, CSL down 0.4% and COH falling 3.3% with RMD a bright spot. Retail on sale, JBH down 3.2% and WES off 1.3% with tech wrecked again, WTC down 4.7% and TNE off 5.0%. XRO trying to find a base. Escaping today. NXT dipped 3.9% and EOS down 16.2% and suspended on a research report from Grizzly.

In corporate news, RIO and Glencore are now just friends. REA dived 7.8% on its results on lower listings, NWS dipped 5.4% too on results, TWE ditched 8.0% after a UBS report, down % and WEB crashed 29.5% on a Spanish audit. HMC did a strategic deal with KKR and still fell 2.7%. The ASX Tech sector is on track for a 13% fall this week! Down 4.4% again today.

Asian markets eased, Japan up 0.8%, China up 0.2%, and HK down 1.3%

US Futures down, Nasdaq down 185, Dow down 136

10-year yields eases to 4.82%

Want to invest with Marcus Today? Our MT20 portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Pre-Market Report – Friday 6 February: US markets continue to slide | Commodities fall

Fri, 06 Feb 2026 08:00:00 +1100

U.S. equities fell for another session on Thursday as investors took a risk-off stance, leading popular trades in technology and bitcoin to unravel.

The Dow Jones Industrial Average shed about 592.58 points, or 1.20%, ending at 48,908.72. The S&P 500 lost 1.23%, closing at 6,798.40 and landing in negative territory for the year. The Nasdaq Composite declined 1.59% and settled at 22,540.59. The 30-stock Dow was down nearly 700 points, or about 1.4%, at session lows, while the broad market S&P 500 and Nasdaq dropped 1.5% and 1.9%, respectively.

Amazon dropped 9% after hours on results.

Alphabet was the latest of the “Magnificent Seven” companies to report earnings results. The company projected a sharp increase in artificial intelligence spending that spooked some investors, calling for 2026 capital expenditures of up to $185 billion. Shares lost 0.5%. However, shares of Broadcom climbed almost 1% following news of Alphabet’s spending plans, offering some hope for the artificial intelligence trade as the market deciphers its winners and losers.

SPI down 98 – Commodities fall – Bitcoin dumped.

End of Day Report – Thursday 5 February: ASX falls 39 points | Resources stumble, banks steady

Thu, 05 Feb 2026 16:00:00 +1100

ASX 200 fell 39 points to 8889 (0.4%) as resources came under pressure again. One day up, one day down. Silver tumbled 15% in Asian trade and dragged gold lower, miners responded with NST down 4.6% and EVN off 3.2%. The big miners eased back, BHP down 3.9% and RIO down 1.4%. Rare earth companies fell, LYC down 7.9% and lithium depressed too, PLS down 3.7% and IGO off 3.2%. Uranium shares were beaten up as the market took AMD forecast as a sign that power requirement would slow. PDN down 9.0% and LOT in a trading halt for a capital raise. Oil and gas stocks eased as tensions with Iran cooled. STO down 0.7% and BPT with its results off 4.4%.

Banks were firm, as CBA wrestled the #1 spot back off BHP, up 1.4%. The Big Bank Basket up to $280.82 (%). Insurers are also in demand, higher rates perhaps, QBE up 2.1% and SUN rising 1.7%. Industrials firmed, WES up 2.1% and a bounce in REA up 2.6% with the tech index showing some signs of stability. WTC still down 2.6% with XRO finding some friends, up 1.6%. The All –Tech Index rose 0.1%. Healthcare better as RMD breathed easy and rose 4.9%.

In corporate news, ELD has announced its succession plan, it fell 4.1% on the news. NEU fell 9.8% on FDA news in the US, RPL rose 5.1% as it announced a buyback.

Asian markets eased, Japan down 1.1%, China up 1.0% and HK down 1.3%

US Futures mixed Nasdaq up 20, Dow down 68

10-year yields steady at 4.85%

Pre-Market Report – Thursday 5 February: US markets mixed | Tech sold down again

Thu, 05 Feb 2026 08:00:00 +1100

The S&P 500 fell on Wednesday as the sell-off in technology stocks intensified, with losses in Advanced Micro Devices hindering the trade.

The broad market index slid 0.51% and closed at 6,882.72, while the Dow Jones Industrial Average added 260.31 points, or 0.53%, and settled at 49,501.30. The Nasdaq Composite dropped 1.51% to end at 22,904.58. Adding to the risk-off sentiment, bitcoin fell more than 3% after earlier breaking below the $73,000 level.

Meanwhile, ADP on Wednesday released its monthly look at private payroll growth for January, which showed an increase of just 22,000 on the month. That’s below the gain of 45,000 jobs that economists polled by Dow Jones had forecast.

The release generally precedes the Bureau of Labor Statistics report on nonfarm payrolls, but that won’t be out this week due to the partial government shutdown. Due now Feb 11.

SPI down 20 – Gold steady – Copper and uranium slip.

End of Day Report – Wednesday 4 February: ASX 200 jumps 71 points | BHP and CBA race for dominance

Wed, 04 Feb 2026 16:00:00 +1100

ASX 200 rallied 71 points to 8928 (0.8%) throughout the day as banks and resources rose in tandem. Tech was shattered again with the All-Tech Index down 7.1%. BHP rose 4.5% to be #1 again as copper bounced back and held gains. RIO up 4.3% and FMG managed a 1.7% rise. Gold miners too bounced back hard as bullion sprinted back over $5000. NST up 6.2% and NEM up 4.3%. Uranium stocks also in demand, NXG up 2.8% and LOT gaining 7.9%. Both STO and WDS rallied hard on crude price rises. Copper stocks were also firm, SFR up 1.2% and CSC rising 3.4%. Lithium a little depressed. PLS down 1.8%.

Banks were hot, CBA jumped 2.6% and WBC up 1.5% with the Big Bank Basket up to $277.95 (%). MQG dipped 1.4% and financials fell, ZIP down 9.0% and NWL falling 7.8%. Industrials fell, JBH dropped 1.9% and ALL off 2.8%. Healthcare fell, RMD off 1.6% and COH down 2.5%. Tech was massacred with WTC down 10.7%, XRO smashed 15.9% after an investor day, TNE off 10.5% and 360 off 5.9%.

In corporate news, YAL jumped 9.0% amidst Chinese coal demand. AMC rose 3.5% after reaffirming guidance. NEU in a trading halt pending an FDA announcement on NNZ-2591.

Nothing on the economic front.

Asian markets eased, Japan down 0.9%, China up 0.1% and HK down 0.2%

US Futures slightly higher, Nasdaq down 20, Dow up 58

10-year yields steady at 4.86%

Pre-Market Report – Wednesday 4 February: US markets see rotation | Tech and software sold down

Wed, 04 Feb 2026 09:00:00 +1100

USS equities had a soggy Tuesday. Not disaster territory, but definitely a “this could’ve been worse” close after things looked uglier earlier. Tech was the problem child. Again. Software got smacked, dragging down the usual suspects — BDCs, private equity names and financial data plays all caught in the downdraft. The AI trade wasn’t spared either, with semis, Nvidia/OpenAI ecosystem stocks, retail favourites and crypto proxies all leaning the wrong way. Other soft spots: China tech, Payments, Rails, Entertainment. Basically, if it had momentum and a story, it got trimmed.

This wasn’t a full risk-off panic Under the surface, money didn’t leave the market — it just changed seats. Cyclicals actually had a decent day, which is not what you’d expect if recession fear was the driver.

Winners included: Small caps, Homebuilders (helped by the rumoured “Trump homes” affordability push), Industrial metals, Chemical Plus: Staples strong (yes, Walmart now a $1T stock — let that sink in)

This looked more like rotation than “sell everything and hide.”

SPI down 20 - Commodities rally - Gold up over 5%

Pre-Market Report – Tuesday 3 February: US markets push ahead again | Gold and silver steady

Tue, 03 Feb 2026 09:00:00 +1100

US stocks bounced as the world seemed a little less fraught. Boosting by a strong PMI manufacturing number. Oil prices fell sharply as Iran tensions eased. Gold and silver are still cooling, and the USD looks like it will stabilise from here. There’s no big American debt crack up imminent. US President Trump said a trade deal with India would see their tariffs cut from 50% to 18% in exchange, at least in part, for discontinuing to buy Russian oil and ordering American barrels instead. Indian PM Modi will lower Indian tariffs and buy American goods and services too. Details are, as ever, light. The S&P500 and the Nasdaq liked it anyway, and rose 0.5% each.

Disney is likely less enamoured with Trump. International visitors are going to the USA in less numbers (6% less in 2025), and it’s hitting their theme park numbers. It’s TV and film division isn’t running on all cylinders either. The shares dropped 5% after its earnings report came out. Elon Musk's SpaceX and xAI are set to merge for a combined valuation of $1.25T. Trump announced a $12bn strategic minerals stockpile to reduce China reliance. Uranium and nuclear stocks down while copper miners had a tentative bounce. BHP and RIO both up in the US.

SPI up 97 - Commodities steady. Ish!

End of Day Report – Monday 2 February: ASX 200 drops 91 as resources hit again | Banks steady

Mon, 02 Feb 2026 16:00:00 +1100

ASX 200 down 91 points to 8779 (-1.0%) as losses accelerated across Asia. 30-point rally into the close helped somewhat. South Korea was smashed over 4% on AI spending fears and gold and silver fell hard as did oil, as selling spilled over to other assets. Here the banks held up on defensive buying and CBA regained its crown as Number 1. Up 1.4%. The Big Bank Basket higher at $270.11 (0.7%). Other financials under some pressure, MQG falling 0.2% with QBE down 1.0% and SOL falling 2.6%. REITs dipped, GMG down 0.1% and SCG off 1.0%. Healthcare too under pressure, RMD down 1.3% and CSL dropping 2.4%. Tech once again skewered, WTC down 2.7% and TNE falling 0.9%. The All -Tech Index fell 1.2%.

Resources bore the brunt of the selling, BHP down 2.3% as copper fell in Asia, RIO off 1.0% and the gold miners under serious pressure, although there were some signs of buying. NST dropped 8.1% and EVN down 5.6% with NEM falling 10.0%. Most arrested declines although failed to bounce. Base metals, copper and lithium stocks also under pressure, LYC down 0.9%, LTR falling 4.0% and MIN dropping 1.5%. Oil and gas stocks under pressure too as crude unravelled on more optimistic Trump tweets on Iran. WDS fell 1.8% and STO down 3.3%. Uranium stocks slid too, as shorts stepped back in.

In corporate news, CTD founder and CEO resigned. The stock is still in a trading halt. GNC crashed 14.0% after a guidance update to 30% below consensus on EBITDA. KMD fell 5.2% despite an upbeat sales guidance release.

On the economic front, all eyes on the RBA tomorrow. HSBC says it will be the first G10 country to raise rates. Asian markets fell as risk unwound. South Korea fell 4.3% amidst concerns about the sustainability of AI-related spending. US Futures weaker, Nasdaq down 1.3%, Dow down 347. 10-year yields steady at 4.82%.

Pre-Market Report – Monday 2 February: US markets slip | Gold and silver smashed

Mon, 02 Feb 2026 08:00:00 +1100

US equities finished down in Friday trading, though ended off worst levels. Big tech was mostly lower; however AAPL was a slight gainer on its report and TSLA fared well. Other underperformers included semis/semicaps , software, precious-metals miners, homebuilders, transports, managed care, hotels, cruise lines, auto suppliers, China tech, nuclear, and quantum computing. High-beta, momentum, small-caps, most-shorted names, and retail-investor favorites lagged as well. Relative outperformers included HPCs, telecom energy, insurers, food/beverage, grocers, media, apparel and off-priced retail. Treasuries were mixed with the curve steepening; yields down 3-4 bp at the short end. Dollar index up 0.8%, though still lower WTD. Gold finished down 11.4%, its largest single-day drop in decades. Silver settled down 31.4%, its worst session since 1980. Bitcoin futures were down 0.2%, but came off worst levels. WTI crude settled down 0.3% in choppy trading.

SPI down 60 - RBA tomorrow.

End of Day Report – Friday 30 January: Mining stocks get rattled

Fri, 30 Jan 2026 16:00:00 +1100

Pre-Market Report – Friday 30 January: US markets mixed | Apple beats forecasts

Fri, 30 Jan 2026 08:00:00 +1100

The markets are really moving now – both up and down. The Nasdaq was down 0.7% and the S&P500 was off a minor 0.1%. There were bigger moves in individual stocks. Microsoft fell 10% as the market reacted negatively to its release yesterday after the close. Conversely, Meta rallied 10% as the market took a positive view on how AI can help its advertising cash cow. ServiceNow was belted 9.9%. Apple is currently up 1.7% in the aftermarket after its quarterly showed 16% revenue growth and 19% growth in earnings per share. The iPhone had it best ever quarter. Tim Cook called the demand “unprecedented”. US financials also rallied strongly, alongside copper.

Apple up 2% on results - Call to come

SPI Futures up 33 points.

End of Day Report – Thursday 29 January: ASX 200 rallies on BHP and RIO turnaround | Gold shines

Thu, 29 Jan 2026 16:00:00 +1100

ASX 200 fell 6 points to 8928 as iron ore stocks rallied into the close. The turn in BHP and RIO helped on a bump higher in iron ore. Gold miners were strong but not getting carried away. NST up 3.1% and NEM up 2.6% which considering the bullion price went nuts again, shows maybe some short-term fatigue. Uranium stocks were patchy too given the big move to US$100lb in spot prices, PDN only up 1.4% and DYL leading the charge, up 12.4%. Critical metal and rare earths stocks were walloped on unconfirmed reports that the US is abandoning its idea of a floor price. LYC fell 3.7% and ILU dropped 14.1% as impairments didn’t help there either. Lithium stocks under pressure too, IGO down 5.8% on production report, LTR fell 4.2% on a bond to equity conversion, MIN dropped 3.8%. Oil and gas doing very little. Meanwhile banks were mixed, CBA off 1.1% and the Big Bank Basket down to $266.66 (-0.7%). Financials were mixed too, ZIP fell 3.8% on the strong AUD, given most of its earnings are in USD now. Healthcare stumbled around in casualty, RMD down 1.1% on USD weakness, CSL the same applies off 0.4% and tech got smashed again. WTC down 2.1% and XRO heading that way, off another 3.1%. The All-Tech Index dropped 1.8%. Industrials slid, BXB down 2.6% and QAN off 2.1%. REITs also under pressure. That kind of day.

In corporate news, APX jumped 30.5% as revenue rose to $73.4m. AMP fell 4.6% after some accountancy tweaking. QUB saw Macquarie extend its DD to Feb 15th. Plenty of quarterlies to keep everyone on their toes. GMD announced some management changes along with production guidance.

Asian markets are mixed, with Japan up 0.4%, HK up 0.3%, China unchanged with Indonesia falling hard again on a GS downgrade.

US Futures firm, Nasdaq up 68, Dow down 42 - Gold hits record.

10-year yields steady at 4.83%

Pre-Market Report – Thursday 29 January: US markets flat | Fed keeps rates on hold

Thu, 29 Jan 2026 08:00:00 +1100

US markets were braced all day for some important earnings release after the market. Marcus has the initial reactions in the Market Strategy section. It includes Microsoft, Meta, IBM and Tesla. Otherwise, the S&P500 was essentially flat and the Nasdaq up 0.2%. The VIX and bitcoin stayed steady. It’s a calm market considering the Fed meeting (keeping rates on hold), Trump unleashed aggressive rhetoric against Iran and gold/silver kept mooning. That’s not all. Henry said on his podcast yesterday that he expected uranium to hit US$100 per pound. Even he didn’t expect it do it overnight. Uranium stocks rallied strongly in North America as a result, with gold stocks not far behind. I detected some hesitancy in gold stocks earlier in the week. They’ve shrugged it off now! The lithium sector is taking a breather currently, as are US financial and European shares. None of it looks any more than the usual swings of the markets. That should hold the ASX in good stead for now.

SPI Futures down 4 points. ASX to open flat.

End of Day Report – Wednesday 28 January: ASX 200 shrugs off CPI | Resources and uranium shine

Wed, 28 Jan 2026 16:00:00 +1100

ASX 200 started strong but wobbled ahead of CPI and ended down 8 points to 8934 (0.1%) after CPI nudged higher. Now a 70% chance of a rate rise next week. Most sector of the market slid, Banks off slightly, ANZ down 0.5% and the Big Bank Basket unchanged at $268.50. MQG dropped 1.1% with insurers also weaker, QBE down 1.2% and ZIP came undone, off 4.0%. REITs also under pressure with GMG off 1.1% and SGP falling 0.9%. Industrials pretty weak across the board, WES down 0.7%, ALL off 2.8% and COL and WOW slipped. Tech was again smashed with WTC off 3.8% and XRO falling again. The All-Tech Index dropped 2.8%. Healthcare also saw sellers, RMD down 2.1% and CSL down 1.2%.

It was a different story in resources, BHP up 1.7% again, RIO doing well too and gold miners finding buyers again as bullion pushed above $5200. Silver miners also in demand, uranium glowing red hot, no fall out here with PDN up 5.4% and BMN soaring 17.1%. STO and WDS showed a clean pair of heels as crude rose. STO the standout up 3.0%.

In corporate news, AUB fell 4.7% after its acquisition and capital raise. ASX dipped slightly after raising expense guidance, BOE soared 10% after cutting cost guidance.

In economic news, inflation picked up to 3.8% in December. Blame the Ashes and the Barmy Army. Every economist is now jumping on the rate hike prediction. 70% chance now next week.

Asian markets mixed with Japan down 0.6%, China up 0.7% with Indonesia crashes on MSCI moves, down around 7%.

US Futures firm, Nasdaq up 150, Dow unchanged - Gold hits record.

10-year yields steady at 4.82%

Pre-Market Report – Wednesday 28 January: S&P 500 hits new record | Dow drops on health insurers

Wed, 28 Jan 2026 08:00:00 +1100

Another positive session for the US stock market with the S&P 500 trading to a record high of 6988 points. That’s the fifth straight day of gains. All eyes are turning toward the 7000 level to see if it can break sometime soon. US chip makers rallied, with Nvidia +1.1%, Intel bouncing +3.4% and Micron up a very solid +5.4%. Big tech put in some good numbers too with Apple +1.1% and Amazon +2.6%. Tesla slipped 1% again. Resource stocks keep on keeping on. BHP was +4% in American trade. Uranium spot went over $90 per pound, taking up related shares. NexGen Energy was +3.8% and Cameco +3.9%. Like on the ASX yesterday, North American gold stocks were a little muted relative to the move in bullion. A 2% rise in oil lifted energy firms like Exxon Mobil, +1.5%. European stocks wer generally positive. It’s a global bull run happening.

SPI Futures up 38 points. ASX set to open higher.

Here in Australia, all eyes will be on the CPI data release today and what it will mean for the RBA’s next move. The Aussie dollar is now 70 cents to the USD, the highest level since 2023.

End of Day Report – Tuesday 27 January: ASX 200 rises 82 points | BHP back to #1, gold miners steady

Tue, 27 Jan 2026 16:00:00 +1100

ASX 200 kicked another 82 points higher to 8942 as BHP roared back into #1 spot on the ASX. Up 2.6% today. Fair to say resources were a little mixed, gold miners tried hard to suck the same ‘Koolaid’ as bullion traders, but failed, with EVN down 0.7% and NEM only up 1.4%. Most other were solid but not spectacular. Lithium and rare earth stocks felt a little pain, LYC down 5.0% and PLS off 2.4%. ILU dropped 4.6% with IPX down 3.8%. Copper stocks fared better as RIO jumped 1.7% and even FMG rose 1.7%. Uranium stocks fell with LOTDB falling the hardest down 7.7%. PDN eased 0.6% lower and BOE dropped 3.7%. WDS and STO pushed ahead on LNG pricing with STO up 2.5% as its first Barossa project cargo left port.

Banks were firm, the Big Bank Basket rose to $268.50 (). MQG had a good day in the sun, up 2.3% and insurers did well too, QBE up 1.4% and SUN rising 0.7%. REITs eased back, industrials mixed, WES rose 2.3% and COL and WOW moved higher. BXB fell 1.0% and tech still patchy at best. XRO down 1.4% and WTC up 1.9% with the All-Tech Index up 0.9%.

In corporate news, DRO fell 6.5% on a quarterly update, KAR slightly higher after production report, AUB in a trading halt with a $400m placement pending on a UK acquisition. On the economic front, Australian business sentiment rebounded ahead of the Reserve Bank meeting, with confidence advancing to 3 points in December.

Asian markets firmed, Japan up 0.6% China up 0.3% and HK up 1.1%. Dow futures down 44, Nasdaq up 142.

10-year yields steady at 4.84%.

Pre-Market Report – Tuesday 27 January: US markets push ahead | Gold and silver jump

Tue, 27 Jan 2026 08:00:00 +1100

The S&P 500 rose on Monday as traders monitored political developments and braced for a big week of key earnings reports as well as the latest Federal Reserve interest rate decision.

The broad market index advanced 0.50% to end at 6,950.23. The Dow Jones Industrial Average gained 313.69 points, or 0.64%, and settled at at 49,412.40. The Nasdaq Composite climbed 0.43% and closed at 23,601.36. The tech-heavy index was supported by jumps of about 3%, 2% and 1% in Apple, Meta Platforms and Microsoft, respectively, ahead of their earnings reports later in the week.

Gold and silver shine - SPI up 37 - Quarterlies continue

End of Day Report – Friday 23 January: ASX 200 up 11 points | Gold miners soar on record bullion

Fri, 23 Jan 2026 16:00:00 +1100

The ASX 200 limped into the Australia Day weekend rising a modest 11 pts to 8860. Down around 44 points for the week. But what a ride! A reverse of yesterday’s moves. Banks eased, CBA down 0.8% and WBC off 0.4%. The Big Bank Basket fell back to $266.78 (-0.6%). Insurers dropped with QBE down 1.8% and SUN off 1.4%. Other financials were mixed, ZIP up 5.2% and XYZ rising 1.0%. GQG drifted 1.0% lower and NWL rallied 4.1% on latest numbers. REITs fell again, SCG down 1.2% and VCX down 1.2% with GMG bucking the trend up 0.9%. Some buyers returned to the tech space as 360 roared 27.4% ahead after posting better than expected numbers. WTC moved 0.3% higher with XRO finding some support, up 3.5%. The All- Tech Index rose 2.2%. Finally, some signs of life. Industrials drifted lower, QAN down 1.5% with RMD falling 2.7% and WOW and COL easing.

In resources, BHP rallied 0.7% on copper price rises, RIO lost 1.5% and FMG was unchanged on broker research. Gold miners soared again, gold bullion the catalyst. NST bounced 5.4% with EVN up 5.3% and GGP soaring 7.6%. Rare earths were slightly better and Greenland exposed stocks did well. EUR up 8.9% and ETM rising 18.8%. Uranium stocks held on to gains, PDN down 0.4% and DYL rising 1.7% with LOTDB doing well, up 13.3%. STO continues its Barossa inspired rally, up 1.3%.

In corporate news, GYG firmed as Uber Eats will now deliver your burrito. AAI fell 0.8% on results. CSC fell 3.4% on a strike at Mantoverde.

Nothing locally on economic news, Japan kept rates unchanged ahead of the snap election.

Asian markets mixed, Japan up 2%, China down 0.5% and HK unchanged. Dow futures up 35 Nasdaq futures up 35 - 10-year yields higher at 4.82%.

Pre-Market Report – Friday 23 January: US markets continue to recover | Gold hits record

Fri, 23 Jan 2026 09:00:00 +1100

It was a positive night for US stocks with geopolitical risk continuing to moderate. The S&P500 rose 0.5% and the Nasdaq 0.9%. The VIX fell back to 15. The Trump tariff spooks seem to be getting less acute each time. The Russell 2000 went into fresh all time highs. The US small cap sector has now outperformed the S&P500 for the 14th session in a row. That’s the most since 1996. META rallied over 5% after announcing ads on its Threads platform and positive analyst coverage. TSLA bounced 3.8%. Gold rose over 1% to hit another record high above $4,900 per ounce while silver and platinum also achieved records. Good economic news came via the US consumer spending data, which increased in November and October. The Bureau of Economic Analysis said it rose 0.5% in both months. The US economy is growing at its fastest pace in 2 years according to their modelling. The US grew 4.4% in the third quarter.

SPI Futures down 8 points. ASX set to open mildly down. Gold rallies again.

End of Day Report – Thursday 22 January: ASX 200 rallies 66 despite jobs number | Gold drops, banks run

Thu, 22 Jan 2026 16:00:00 +1100

The ASX 200 rallied 66 points to 8849 (0.8%) on Greenland relief despite firmer than expected jobs data putting a Feb rate rise on the table. The reverse of yesterday’s moves as banks and industrials bounced back with resources sold off. Some disappointing quarterlies in the gold sector plus some overbought saw profit taking. Bullion prices also eased on the TACO man’s latest back flip with pike. Banks were firm, CBA up % and WBC rising % with the Big Bank Basket up to $268.35 (+2.2%). MQG had a good day and other financials also doing well, GDG the exception on quarterly FUM numbers. REITs also doing well despite the unemployment number coming in at 4.1% and the AUD rallying hard. 10-year yields back up to 4.80%. Industrials firmed, retail bounced, WES up 2.5% and CSL rose 1.3% with RMD up 1.9%. Tech still a troubled sector, WTC dropped 0.5% and XRO down 1.2%. The All-Tech Index up 0.6%.

In resources, it was reverse all engines. BHP down 0.8% and FMG dropping 5.1% on production disappointment. The gold miners were savaged today, yesterday they were all the rage. EVN gave 4.6% back and NST had another bad quarterly and downgrade leading to a fiery analyst briefing. Off 8.4%. Oil and gas better as was lithium and rare earths. Uranium stocks eked out gains, PDN managed to hold on to gains. Oil and gas stocks better on crude and natural gas pricing. STO up 5.3% on first shipments from Barossa and WDS up 2.9%.

In corporate news, S32 maintained its guidance, rising 5.3%, NWL down 3.8% despite second consecutive quarter of FUA growth. DYL up 0.9% on a Tumas update.

On the economic front, the jobless rate dropped to 4.1% setting up a rate rise in Feb. Every man and his economist now jumping on the rate rise bandwagon. None got the jobless rate even close.

Asian markets mixed, Japan up 2%, China down 0.5% and HK unchanged. Korea hit a record.

Dow futures up 104, Nasdaq futures up 75 - 10-year yields higher at 4.80%. AUD cracks 68c.

Pre-Market Report – Thursday 22 January: Trump blinks | US markets rally, SPI up 47

Thu, 22 Jan 2026 08:00:00 +1100

There was a relief rally in the US markets overnight after Donald Trump moderated his rhetoric against the EU over Greenland and withdrew his tariffs threat, at least for the February deadline originally in place. He also ruled out taking Greenland by force. That said, he still wants it under American ownership. Both the Nasdaq and S&P500 rose over 1%. It was a broad based rally with every sector up except a tiny drop in utilities. The big chip stocks rallied strongly while the bounce in US big tech was slightly more moderate.

Energy led the way as a sector as oil finished up and natural gas rips up. They have risen over 50% over the last 2 sessions. There’s a cold spell hitting America and stoking heating demand.

SPI futures up 47 points. ASX set to open higher. Plenty of quarterlies. Gold hits record.

End of Day Report – Wednesday 21 January: ASX 200 down 33 | Resources run hard, banks drop hard

Wed, 21 Jan 2026 17:00:00 +1100

Pre-Market Report – Wednesday 21 January: US markets stumble on Greenland and JGBs | Gold and silver hit records

Wed, 21 Jan 2026 09:00:00 +1100

It was a difficult night for US stocks with the SP500 down 2% and the Nasdaq down 2.4%. The VIX index hit 20, a 26% rise and gold topped US$4700. President Trump’s aggressive stance against the EU over Greenland plus weakness in Japanese bonds are pressuring the market. Reuters quotes the President as saying, “There is no going back”, when it comes to US control of Greenland. He’s also using the threat of tariffs to bend the EU to his will. They will go into effect on February 1 under the current timeline.

SPI Futures down 50 points. ASX set to open lower. Gold and silver hit records - RIO and EVN quarterly.

End of Day Report – Tuesday 20 January: ASX 200 drops 59 on Greenland issues | BHP falls 2%

Tue, 20 Jan 2026 16:00:00 +1100

Pre-Market Report – Tuesday 20 January: US markets closed | Europe falls on Greenland worries

Tue, 20 Jan 2026 09:00:00 +1100

End of Day Report – Monday 19 January: ASX 200 falls 29 points | US markets closed tonight

Mon, 19 Jan 2026 16:00:00 +1100

ASX 200 slipped 29 points lower to 8875 today on worries over Trump’s move on Greenland. US futures turned lower, US physical markets closed tonight. Across the board losses led by the banks, CBA down 0.7% and NAB dropping 1.1% with the Big Bank Basket down to $271.82(-0.7%). MQG dropped 0.5% and other financials saw profit taking. Insurers also fell, IAG down 1.2%. REITs were mixed, GMG dropped 1.2% on tech worries. The All-Tech Index continues to be smashed, WTC down 4.4% and XRO heading that way. Off another 2.6%. Retail and industrials sold off too after the run last week. WES down 0.7% with JBH off 0.4% and TLS falling 0.8%. Utilities saw defensive buyers return, ORG up 1.0% and AGL pushing 0.8% better.

In resources, gold hit close to AUD$7000 amidst geo-political risk. NST up 3.2% and EVN rising 3.1% with GMD rising 3.7% on broker upgrades. Rare earth stocks doing well again, MEI up 9.3% and LYC rising 5.2%. Copper stocks eased but found a level, iron ore majors were mixed, BHP down 0.5% and RIO up 0.8%. Uranium stocks were glowing red hot on short covering, PDN up 6.6% and BOE roaring 13.6% ahead.

In corporate news, CCX had a trading update and rose 3.6%, NWH announced new contracts, down 2.7%, PNV reported H1 sales up 26%. A2M in a trading halt after a big move on Chinese birth rate diving. Down 10.6% before halt.

On the economic front, Chinese GDP data came in as expected, 5%. What a surprise. Strong exports helped to compensate for weak consumer spending.

Asian markets ease back, Japan down 0.9%, China off 0.2% and HK down 1%.

Dow futures down 361, Nasdaq futures down 298 10-year yields higher at 4.73%.

Pre-Market Report – Monday 19 January: US markets drift lower | Greenland an issue

Mon, 19 Jan 2026 08:00:00 +1100

Wall St ran out of steam on Friday night. Losing an opening gain to finish flat as Trump hinted at a new, potentially more Hawkish Fed president. SP500 down 0.06% just off record highs. Volume above average before the Martin Luther King holiday tonight. Small caps outperformed yet again as mega-cap valuation concerns continue. Most FANG stocks down. Dow down 83 points. Market stalling at the ceiling. Bond yields up.

SPI futures down 1 point. ASX to open flat. Greenland and Davos in focus -Quarterlies continue

End of Day Report – Friday 16 January: ASX 200 up 42, 2.1% this week | Banks lead today

Fri, 16 Jan 2026 16:00:00 +1100

ASX 200 had another good day up 42 points to 8904 to a 10-weeek high. For the week we are up around 2.1%. Technology saw buyers return after a period of sub-optimal ‘dogness’. NXT jumped 3.5% and 360 rallied 1.7% with the All-Tech Index up 0.8%. I can’t remember the last time that happened. Banks were firm, CBA up 0.5% and WBC up a massive 1.8% with the Big Bank Basket at $273.68 (+0.7%). Financials generally firm, HUB up 5.3% and PNI raced 5.0% ahead. REITs also firm, GMG up 1.2% and SCG up 1.0%. TLS firmed 0.4%, REA up slightly and healthcare was firm. Supermarkets did well, WOW up 0.5% and COL up 0.7%.

Resources were quieter and a little mixed. Gold miners ran out of puff with NST down 1.0% and GMD off 0.3% but NEM continued 0.7% higher. BHP came off a little, down 0.8% with RIO positive. Lithium stocks came in for some profit taking but uranium was glowing as RBC upgraded the sector. PDN up 4.1% and DYL rising 7.5%.

In corporate news, CYL delivered a record quarterly and a broker upgrade helped. IPX up 2.6% after the US DoW paid a final payment and QUB up 0.4% on news MAM will continue with its exclusivity period. CSC did really well, up 7% on its quarterly production. Many more to come next week.

Nothing significant on the local economic front, international arrivals rose 8.4% on the same month in 2024. Davos next week should be fun! Largest US Delegation in history. Team Trump, Making Davos Great Again.

Asian markets ease back slightly. Dow futures up 108, Nasdaq futures up 100. 10-year yields steady at 4.71%.

Pre-Market Report – Friday 16 January: US markets rally | Chip stocks rise, TSMC up over 4%

Fri, 16 Jan 2026 08:00:00 +1100

A cracking result and profit beat from AI bellwether stock TSMC overnight sent a buzz of confidence back through the US market, especially around the AI trade. Both the Nasdaq and SP500 were up, 0.18% and 0.26% respectively. The Dow climbed 293 points and the VIX fell back. TSMC released its fourth quarter results, which handily beat expectations. Q4 profit was up 35% to a record high. TSMC is the main global producer of advanced AI chips. They expect 2026 revenue to rise nearly 30%. Its market cap is now around $1.4 trillion. It also plans to invest in the US. Capital spending in 2026 could be as high as $56 billion and increase again in 2028 and 2029.

SPI Futures down 13 points. ASX set to open modestly lower. Oil drops. Gold steady. Silver recovers.

End of Day Report – Thursday 15 January: ASX 200 up 41 | BHP heads higher, banks find friends

Thu, 15 Jan 2026 16:00:00 +1100

Pre-Market Report – Thursday 15 January: US rotation continues | Sell tech, buy small caps

Thu, 15 Jan 2026 08:00:00 +1100

The S&P 500 dropped 0.53% and closed at 6,926.60. The Dow Jones Industrial Average lost 42.36 points, or 0.09%, and ended at 49,149.63. The Nasdaq Composite shed 1%, settling at 23,471.75. It was the second consecutive day of losses for all three indexes.

Tech bogged down the broader market. Chip stocks in particular suffered losses, as Broadcom fell 4% and Nvidia and Micron Technology slid more than 1% each. On Wednesday, Reuters, citing people briefed on the matter, reported that Chinese customs authorities have advised customs agents that Nvidia’s H200 chips are not permitted to enter the country.

Wells Fargo was among the laggards in the session, falling more than 4% after the company posted weaker-than-expected revenue for the fourth quarter. Bank of America and Citigroup were lower despite their results beating consensus estimates, as traders didn’t view them as strong enough to continue supporting a market trading near record highs.

Oil fell on reduced Iran tension. Gold and silver push higher. SPI up 24.

End of Day Report – Wednesday 14 January: Energy and resources up, banks down

Wed, 14 Jan 2026 16:00:00 +1100

Pre-Market Report – Wednesday 14 January: US markets ease on JP Morgan and credit card fears

Wed, 14 Jan 2026 08:00:00 +1100

It was a mixed session for Wall Street overnight, with the major indices modestly down. The Dow dropped 398 points and the Nasdaq was 0.1% lower. The SP500 was down 0.2%. US earnings season began, injecting some uncertainty as results begin to flow through to the market. Big tech was weaker, likely held back from valuation concerns and investor rotation into sectors with better potential upside. That may be a theme for 2026. US financials were down too as high expectations make further gains harder to achieve after a strong rally in 2025. Indeed, financials were the weakest sector in the SP500 overnight. US inflation data came out and showed a CPI rise of 2.6% over the last 12 months, and cemented Fed rate cuts in for 2026, but largely built into prices now. There was little action in the EU either, at least as far as stocks are concerned.

SPI Futures are down 5 points.

End of Day Report – Tuesday 13 January: ASX 200 up 49 | Resources shine, banks chip in too

Tue, 13 Jan 2026 16:00:00 +1100

ASX 200 kicked another 49 points to 8809 (0.6%) as resources continue to soar, banks joined in too with the iron ore majors recovering. Some selling on the close knocked it off highs. CBA was up 0.5% with NAB flying 1.9% higher and the Big Bank Basket up to $272.19 (0.9%). Other financials and insurers also rallying, except GQG which fell 8.6% on latest FUM results. REITS also firm, GMG up 1.1% and SCG rising 1.2%. Industrials and healthcare were a little weaker, retail stocks under pressure, JBH down 3.0%, COL sliding 1.8% and TPW off another 2.7%. MYR dropped 5.1% and BAP continued lower. Tech stocks continued to ease, WTC eased 0.3%, XRO up 0.4%, but TNE down 0.8%. Resources were the drivers again, BHP up 2.3% with RIO bouncing back 2.2%. Gold miners were firm, EVN up 2.0% and NST up 3.6% with lithium stocks also doing well and rare earths in focus. LYC up 1.9% despite news that the popular CEO is retiring. Uranium stocks better and oil and gas weak, WDS down 1.7%.

In corporate news, EDV fell 2.9% as it forecast pre-tax profits of between $400-411m. FBU reported a modest improvement in the outlook and ZIP dropped 7.6% on US credit card moves from Trump. 4DX in a trading halt with a placement at 380c.

On the economic front, the ANZ-Roy Morgan survey on consumer sentiment was the weakest start to the new year in 15 years.

Asian markets firmed, Japan jumped 3.4% on a potential snap election, China up 0.1% and HK up 1.1%. US futures down slightly.

10-year yields steady at 4.70%.

Pre-Market Report – Tuesday 13 January: US markets shrug off Powell moves | Gold hits record

Tue, 13 Jan 2026 08:00:00 +1100

Stocks rallied off their session lows, with the S&P 500 and Dow Jones Industrial Average hitting new all-time highs as investors shook off the Department of Justice opening a criminal investigation into Federal Reserve Chair Jerome Powell.

The S&P 500 rose 0.16% to end at 6,977.27, while the Dow Jones Industrial Average ticked up 86.13 points, or 0.17%, and settled at 49,590.20. Both indexes touched fresh all-time intraday highs and closed at records. The Nasdaq Composite was up 0.26% and closed at 23,733.90.

The major averages rebounded off their worst levels of the session, helped by gains in Walmart and some technology stocks.

Trump announces new 25% tariffs on any country that does business with Iran SPI up 30 - Rudd resigns as US Ambassador.

End of Day Report – Monday 12 January: ASX 200 jumps 42 points | Banks and gold miners

Mon, 12 Jan 2026 16:00:00 +1100

ASX 200 kicked off the week with a 42-point rise to 8759 (0.5%) as banks pushed higher. CBA up 0.6% and the Big Bank Basket up to $269.67 (%). Some flight to safety as the US administration moves against Jerome Powell. Insurers slipped on recent weather events, QBE down 1.4% and IAG off 3.6%. REITs were mixed, GMG up 0.4% and VCX slipping 0.7%. Industrials firm, WOW up 0.8% and COL up 2.4% despite price gouging inquiries in the wind. WES rallied 1.4% and TLS up 0.4%. The tech sector was slightly firmer with TNE up 0.9% and the All-Tech Index rose 0.4%. In resources, the big three iron ore miners slipped with BHP down 2.5% and FMG off 1.4% on some downgrades and fears of another Anglo bid from BHP. Gold miners rallied hard as gold hit record highs, NEM up 5.8% and GMD up 2.6%. Lithium also firm, PLS continuing higher, and uranium stocks slightly better. Oil and gas majors better as crude rises.

In corporate news, DMP rose 3.1% on a new Australian CEO, RPL rose 4.7% on a trading update. CUV also up 1.4% on a new preclinical study. SUL dropped 5.3% On the economic front, November household spending rose 1%. More than expected.

Asian markets firmed, Japan closed for another holiday and US futures down on the Powell news.

Pre-Market Report – Monday 12 January: US markets push ever higher | SPI up 29

Mon, 12 Jan 2026 08:00:00 +1100

US equities were higher in Friday trading as stocks ended just off best levels. S&P 500 set a fresh record close and Nasdaq a little over 1% off its record, as both indexes capped of third week higher in past four. Big tech all higher with TSLA the standout, while high beta, momentum, retail favorites among better performers. Outperformers included homebuilders (Trump policy proposals), nuclear (Meta agreements), solar, building products, home improvement, E&Cs, copper and aluminum, airlines, parcels and logistics, semicap equipment, and A&D. Laggards included China tech, software, networking/communications equipment, toys, credit cards, rails, entertainment, hospitals, and MCOs. Treasuries mixed with curve flattening; yields up 5 bp at front-end. Dollar index up 0.2%; yen in focus amid latest snap election rumors. Gold finished up 0.9%. back above $4,500/oz. Silver settled up 5.6%, capped off 11.7% weekly gain. Bitcoin futures down 0.5%. WTI crude was up 2.4%.

SPI up 29 ALL has a win against LNW.

Pre-Market Report – Wednesday 24 December: US markets hit records, SPI down 17 | MVF bid withdrawn

Wed, 24 Dec 2025 09:00:00 +1100

Stocks rose for a fourth straight session on Tuesday, as artificial intelligence names continued to outperform during a holiday-shortened week.

The S&P 500 added 0.46%, closing at a record level of 6,909.79. The broad market index is now just below its intraday all-time high of 6,920.34.

The Nasdaq Composite climbed 0.57% to end at 23,561.84. Gains in tech giants Nvidia and Broadcom, which rose around 3% and more than 2%, respectively, lifted the index. The Dow Jones Industrial Average rose 79.73 points, or 0.16%, and settled at 48,442.41.

SPI down 17 – Gold and Silver hit records – MVF bid withdrawn.

End of Day Report – Tuesday 23 December: ASX 200 jumps 96 points to six week high | Banks shine

Tue, 23 Dec 2025 16:00:00 +1100

The ASX 200 jumped 96 points to close at 8796 (1.1%) on a six-week high as Santa seems to have found his plug-in charger. Yesterday was all about the miners, today was all about the banks. CBA rose 2.2% with NAB up 0.9% and the Big Bank Basket back up to $280.18 (1.7%). RBA minutes suggested rate rises and an economy that is doing ok. Maybe too ok. Other financials also did well with MQG up 1.6% and insurers pushing ahead. QBE up 2.0% and SUN up 1.4%. REITs were stars with GMG running hot, up 8.3%, on a $14bn data centre deal, VCX rose 0.8%. Industrials were firm with WES up 1.5% and NCK still feeling loved up 2.8%. ALL rose 1.2% and TAH rallied 1.0% after Macquarie revealed a 5% stake. Tech stocks started to stir at last, WTC up 2.3% and 360 up a modest 2.2%. NXT rose 1.2% and ELS did well up 3.6%.

Resources took a bit of a breather despite gold flying, BHP up 1.1% with FMG down 0.4% and the gold miners mixed. NEM up 1.2% and NST fell 0.6%. Lithium stocks remain in favour, LTR up 3.2%. Uranium stocks steady and oil and gas stocks positive, WDS up 1.2% and STO up 0.7% on higher crude prices.

In corporate news, SWM unchanged as the merger with SXL was approved. CMM fell 1.8% after agreeing to acquire a project from Tempest Minerals. RHC was 2.9% better, on news to acquire National Capital Private Hospitals in Canberra.

On the economic front, RBA Minutes out today. The board has less confidence in its previous assessment that monetary policy is restricting the economy, and that interest rate rises will be considered next year if higher inflation persists. Monthly inflation numbers remain volatile.

Asian markets were firm. Japan up 0.3%, China up 0.3% and HK unchanged.

US futures – DJ down 49 Nasdaq down 8

10-year yields eases to 4.76%.

Pre-Market Report – Tuesday 23 December: US markets push higher in thin trade | SPI up 14

Tue, 23 Dec 2025 08:00:00 +1100

The S&P 500 rose on Monday, lifted by strength in artificial intelligence stocks, kicking off a shortened holiday week on a positive note. The index gained 0.64% to 6,878.49, marking its third straight day of gains. The Dow Jones added 0.47%, while the Nasdaq Composite climbed 0.52%.

AI-linked stocks led the rally, with Nvidia up more than 1% on reports it plans to resume shipments of H200 chips to China by mid-February. Micron Technology jumped about 4% and Oracle rose more than 3%.

The move follows a mixed week on Wall Street. A late surge in technology shares helped the S&P 500 and Nasdaq notch their third positive week in four, while the Dow — the month’s outperformer — snapped a three-week winning streak.

SPI up 14 - Gold and silver hit new records.

End of Day Report – Monday 22 December: ASX 200 up 79 to 8700 | Resources flying, banks drift higher

Mon, 22 Dec 2025 16:00:00 +1100

The ASX 200 kicked off the short week in fine style up 79 points (0.9%) to 8699 as gold and copper headed for records in Asia. Resource stocks kicked again, BHP up 1.6% with FMG up 1.7%. Gold miners in demand, NST up 4.1% and NEM up 5.2%. BGL was the only loser in the gold sector. Lithium stocks also ran, MIN up 6.2% and LTR pushed 5.5% better as it starts underground mining. Rare earths also doing ok. MEI jumped 32.1% om environmental approvals, LYC up 2.4%. Even uranium stocks glowed today, PDN up 7.0%. Banks were better with CBA up 0.3% and ANZ up 0.7%. The Big Bank Basket up to $275.41 (+0.2%). Healthcare firmed, CSL up 0.7% and PME rallied 2.3%. REITs modestly higher. Industrials mixed, WTC fell 4.2%, XRO flat. REA and CAR slightly better, retail was boosted by NCK up 9.9% on a trading update. APE also rallied hard up 6.3%.

In corporate news, DRO soared 7.9% on new director guidelines on shareholdings. IGO jumped 2.6% on commissioning a new chemical plant at Greenbushes. NXT soared 6.6% on further contract wins.

Nothing on the economic dance card.

Asian markets were firm. Japan's Nikkei up 1.9%, China up 0.8% and HK up 0.2%.

US futures – DJ up 33 Nasdaq up 95

10-year yields steady at 4.80%.

Pre-Market Report – Monday 22 December: US markets better, SPI up 41 | Commodities in focus

Mon, 22 Dec 2025 08:00:00 +1100

US stocks were higher Friday. There was a broad based rally across big tech, the chip makers and the financial firms. The Industrial sector was strong too. Nvidia made a big move, +3.9%, notable after its subdued trading lately. There is a chance that Trump may even allow Nvidia’s second most elite chip for sale to China. The S&P500 rose 0.87% and the Nasdaq 1.3%.

SPI futures up 41 points. Resources to shine.

End of Day Report – Friday 19 December: ASX 200 jumps 40 points | Banks star, iron ore slips

Fri, 19 Dec 2025 16:00:00 +1100

The ASX 200 finished the week up 40 points to 8628 for a 70-odd point loss for the week. Banks were firm, CBA up 1.8% and WBC up 1.3% as the Big Bank Basket rose to $274.68(+1.3%). MQG rose 1.5% despite a $35m fine for reporting short sellers. Insurers better. Financials generally better too. ZIP up 3.3% and CGF rising 3.1%. REITs gained slightly as CHC jumped 2.3% and GMG up 0.5%. Tech was a winner today, something we haven’t seen for a while. WTC up 3.2% and XRO rising 2.3%. The All -Tech Index rose 1.5%. Industrials generally were firm, JBH up 2.3%, SGH rising 0.9% and SIG having a good day on a broker upgrade.

Resources were mixed, BHP dropped 1.2% with FMG under pressure off 3.2% despite a good week for iron ore. Gold miners found their feet with GMD up 1.6% and VAU rising 1.3%. Base metals stocks also in demand, MLX up 4.4% and DVP rising 4.1%. WDS unchanged and STO off 2.1% with uranium stocks bouncing off lows. LOT up 18.8% and PDN up 9.3%. Even BOE rose 11.4%.

In corporate news, CTD remain suspended and announced a 'skinny' update. 4DX soared 21.5% on a new US contract, WTC rallied after White was cleared of wrong doing by the board. ABB fell 1.4% after warning the competition regulator’s new voice interconnection rates would cut earnings.

In economic news, nothing locally, the BoJ raised rates to the highest in 30 years by 25bps. No surprise as inflation stays elevated.

Japan raises rates as expected. Japan up 1.0% HK up 0.6% and China up 0.5%

US futures – DJ down 93 Nasdaq up 29

10-year yields steady at 4.76%.

Pre-Market Report – Friday 19 December: US tech rallies on CPI | SPI up 47, gold steady

Fri, 19 Dec 2025 08:00:00 +1100

End of Day Report – Thursday 18 December: ASX 200 inches 3 points higher | Tech finds support

Thu, 18 Dec 2025 16:00:00 +1100

A quiet session on the ASX with the index rising 3 points to 8588. The banks held up with CBA rising 0.7% and the Big Bank Basket rising to $271.08 (0.2%). Insurers better too, other financials drifting lower, REITs better with VCX up 0.8% and SCG up 1.0%. Industrials mixed, ORG fell 2.5% with WOW and COL pushing around 1.0% better, retail was mixed, JBH up 1.6% and APE down 1.4%. Tech stocks making some gains after significant losses, WTC up 1.6% and XRO finding support up 2.5%. REA and CAR also finding support.

Resources were mixed, gold miners gave back some of the gains with EVN down 1.1% and NEM off 1.5% with iron ore miners better, BHP moved 1.1% ahead with RIO doing well too. Lithium stocks gave back some gains and uranium stocks under pressure after BOE fell 24.6% on a Honeymoon update. DYL down 7.8% and PDN down 4.8%. In oil and gas, the big news was the surprise resignation of WDS CEO Meg O'Neill to take up the helm at BP. WDS dropped 2.7% on the news, STO rose 1.0% as crude rose.

In corporate news, BAP rallied 15.5% from lows on the CEO resignation. APA rose 1.2% after selling 20% interest in GDI. BEN fell 1.5% on AUSTRAC news as it continues to investigate.

On the economic front, NZ GDP grew at 1.1% last quarter.

Asian markets weaker again, Japan down 0.2%, HK down 0.3% and China up 0.4%.

US futures: Dow down 23 Nasdaq up 91

10-year yields steady at 4.75%.

Pre-Market Report – Thursday 18 December: US markets fall again | Tech under pressure, commodities rally

Thu, 18 Dec 2025 09:00:00 +1100

The AI trade certainly has the wobbles right now. The Nasdaq was down 1.8% and the SP500 1.1% overnight. Big tech had a session to forget with only Netflix and ServiceNow eking out a tiny 0.2% gain. Chip stocks were down even more sharply, with not one in the green at all. The action is in the resource sector currently. Silver continues its euphoric run to a record high of over US$65. Gold, copper and oil rallied. The VIX jumped another 8% and bitcoin fell 2% to $85k

SPI futures are down 8 points. ASX to open lower. Gold and silver rise - Resources to continue to rally.

End of Day Report – Wednesday 17 December: ASX 200 drops 14 | JP Morgan upgrades lithium stocks

Wed, 17 Dec 2025 16:00:00 +1100

The Australian sharemarket fell after a weak US lead and oil declined to its lowest level in almost five years. That is good for inflation though.

The S&P/ASX 200 closed down 13.7 points, or 0.2% at 8585.20 as a sell-off in the energy sector on weaker oil prices was offset by a strong rally in mining stocks. The All Ordinaries slipped 0.1%. Industrials were weak and tech once again sold down hard. Banks eased back too.

Lithium stocks soared on JP Morgan upgrades and gold miners flying high. Gold in AUD hits $6550.

Pre-Market Report – Wednesday 17 December: US markets mixed on jobs data | SPI down 3 points

Wed, 17 Dec 2025 09:00:00 +1100

The S&P 500 fell for a third session Tuesday as traders digested the delayed release of the November jobs report. The broad market index dropped 0.24% to settle at 6,800.26, while the Nasdaq Composite gained 0.23% to end at 23,111.46. The Dow Jones Industrial Average declined 302.30 points, or 0.62%, to close at 48,114.26.

U.S. crude oil also came under significant pressure on Tuesday, falling to its lowest level since early 2021.

Earlier Tuesday, November’s jobs report came in better than expected, showing an increase of 64,000 jobs for the month, according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones predicted that nonfarm payrolls would grow by 45,000 in the period.

However, the BLS reported that October shed 105,000 jobs. The unemployment rate also increased to 4.6%, which was above the Dow Jones forecast for 4.5%, raising concerns about the state of the U.S. economy.

SPI down 3 - TWE in focus on US and China downgrade.

End of Day Report – Tuesday 16 December: ASX 200 falls 36 to 8598 | Tech wrecked again, banks steady

Tue, 16 Dec 2025 16:00:00 +1100

The ASX 200 slipped another 36 points to 8598 (0.4%) as we wait for US data and Futures turned negative. Asian markets also under pressure as the AI trade sees air leaving. Banks slipped, CBA steady, WBC down 1.1% with the Big Bank Basket down to $271.96 (), other financials falling, ASX down another 2.9% with GQG off 3.1% and MQG bucking the trend up 0.2%, Insurers were firm, SUN up 0.8% and MPL rising 0.4%. REITs slid lower, GMG down 0.1% and VCX falling 1.6%. Tech stocks in trouble again, WTC down 3.0% and XRO off 2.0% with the All-Tech Index down 1.6%. Retail fell, JBH down 1.0% and healthcare also under pressure. PME down 3.3% and COH falling on deaf ears, off 1.4%.

Resources tried hard to hold up, gold miners saw profit taking again, NST down 2.4% and NEM off 0.6%. BHP and RIO went sideways, FMG dropped 2.8% and oil and gas stocks fell hard on crude prices, WDS down 2.3% and STO off 2.1%. Uranium stocks under pressure again on the AI trade. PDN off 4.8% and WHC falling 1.2%.

In corporate news, REA fell 1.7% on news Google is entering the housing ad space. SXE rose 2.5% on a new order, DRO soared 22.2% on a $50m order from Europe. SGR unchanged after Steve McCann resigned. ORI up 2.8% after its AGM

On the economic front, ANZ- Roy Morgan Consumer sentiment eased and two major banks predicted rate rises for February.

Asian markets fell hard on AI fears, Japan down 1.3%, HK down 1.9% and China off 1.4%.

US futures were down, Dow down 160 and Nasdaq down 168.

Pre-Market Report – Tuesday 16 December: US markets drift ahead of data | Resources back in focus

Tue, 16 Dec 2025 09:00:00 +1100

End of Day Report – Monday 15 December: ASX 200 fall 62 points | Miners sold down, banks steady

Mon, 15 Dec 2025 16:00:00 +1100

The ASX 200 started off the week down 62 points to 8635 (0.7%). Miners bore the brunt of the selling after a stellar week last week, with BHP down 2.9% and RIO falling 2.4% on lower iron ore and copper prices. Gold miners too in profit taking mode after solid gains on Friday. GMD fell 5.4% and NEM off 0.9%. Lithium miners were also in profit taking mode as PLS fell 3.9% and LTR off 6.4%. Uranium stocks dropped hard as the AI trade in the US was called into question again, and thus the energy trade. NXG fell 4.5% and PDN down 4.7% with BOE off 8.2%. The banks were relatively calm as CBA fell 0.6% with the other three higher. The Big Bank Basket eased to $272.41 (-0.1%). Other financials eased, ASX under pressure following the ASIC reforms, GQG up 1.1% and SOL falling 1.2%. Insurers were generally better. Healthcare mixed as CSL stumbled 2.5% lower, TLX falling another 4.2%. REITs mixed, industrials mixed too. TLS down 0.8% and TPG up 1.8% with tech trying to find a base, WTC down 0.7% and XRO up 0.6%. The All-Tech Index up 0.04%. Retailers also found some bargain hunters, JBH up 2.3% and APE recovering 1.0%.

In corporate news, TWE in a trading halt pending outlook statement. EOS jumped 28.9% on an US$80m order from South Korea. 4DX rose 9.9% on news of approvals in Canada. WGX announced plans to spin off non-core assets and FMG announced plans to buy the remaining shares in Alta Copper.

Nothing locally on the economic front but Japanese factory sentiment improved opening the way to a rate rise this week. China announced its weakest retail numbers since Covid.

Asian markets eased on US falls, Japan down 1.4%, HK down 0.9% and China off 0.2%.

US futures were better, Dow up 160 and Nasdaq up 52.

10-year yields steady at 4.72%.

Pre-Market Report – Monday 15 December: US market pulls back on AI fears | SPI down 51 points

Mon, 15 Dec 2025 09:00:00 +1100

Wall St had a nasty fall overnight as Broadcom results drove an uptick in AI ROI concerns and hawkish Fed speak drove up bond yields. S&P 500 down 1.1%. Closing near the low on average volume. Dow down 370. Nasdaq down 1.7%. Its worst session since the Nvidia results drop on 20 November. All about Tech as Broadcom down 11.4% compounded the 10.8% Thursday night fall in Oracle.

Copper fell 3% on the LME as profit taking crept in after a record breaking week. Supply disruptions, weak USD and strong demand took the metal within touching distance of the $12,000 mark. USD index flat overnight, down 0.6% for the week.
Gold rose but silver fell after also hitting record highs in the previous session. Silver’s appeal as both a store of wealth and having manufacturing applications has seen it rise 100% this year vs gold up 60%.

SPI down 51 - TWE Trading halt.

End of Day Report – Friday 12 December: ASX 200 up 105 | Gold miners soar, banks rally hard

Fri, 12 Dec 2025 16:00:00 +1100

The ASX 200 finished the week on a very firm note up 105 points to 8697(1.2%). Up 0.7% for the week. Across the board gains, with banks surging as CBA rose 2.1% and NAB up 1.8% after its AGM. The Big Bank Basket rose to $272.70 (+1.8%). Other financials also did well, MQG bouncing 2.7% and insurers too better. QBE and SUN up over 1%. REITs bounced, GMG up 0.8% and VCX up 2.4% with healthcare too also doing well, CSL rallying 2.9% with SIG up 1.4%. Industrials better but not flying. Retail saw some shoppers out and about, JBH up 2.7% and MYR up 4.4% with losses in LOV and TPW continuing. Tech remained a sub-optimal place to be, TNE down 1.6% with XRO continuing to fall, down another 0.5% with the All-Tech Index off 0.2%.

Resources again was the place to be. Gold miners soared as brokers started to amend forecasts for metal prices higher as 2026 comes into view. NST up 2.9%, GMD up 7.6% and NEM rising 5.7%. BHP and RIO also strong on copper exposure, and uranium stocks gained ground. PDN up 4.8% and DYL rising 4.9%. Lithium stocks were a little depressed.

In corporate news, former ANZ CEO is suing the bank for his lost $13.5m bonus. ASB dropped 3% on news that Jim Chalmers will allow Hanwha to increase its stake to near 20%. 4DX jumped 8.8% on an options deal and BMC Minerals debuted.

Nothing on the economic front.

Asian markets pushed higher, Japan up 1.7% with HK up 1.4% and China up 0.1%.

Pre-Market Report – Friday 12 December: US markets hit records | Resources shine

Fri, 12 Dec 2025 08:00:00 +1100

The Dow Jones Industrial Average and S&P 500 reached new heights on Thursday, as a Federal Reserve interest rate cut followed by disappointing Oracle results prompted investors to move out of high-flying tech stocks and into names that can benefit from a growing U.S. economy.

The 30-stock Dow rose 646.26 points, or 1.34%, to finish at 48,704.01, a fresh closing high. The index also scored a new record intraday high, supported by a rise in Visa shares after the name was upgraded at Bank of America. The broad market S&P 500 traded up 0.21% to settle at 6,901.00, which was also a closing record. However, the Nasdaq Composite pulled back 0.25% to finish at 23,593.86.

SPI up 88 – Resources in focus – NAB AGM

End of Day Report – Thursday 11 December: ASX 200 up 13 as jobs and futures weigh | Resources continue to shine

Thu, 11 Dec 2025 16:00:00 +1100

The ASX 200 started in fine form after the Fed rate cut, but finished up only 13 points to 8592 (0.2%) as enthusiasm waned after the jobs data and US futures losses. A mixed picture across the market, CBA fell 0.7% as the other three rose, the Big Bank Basket unchanged at $267.77. MQG bounced 1.4% and other financials mixed. Healthcare stumbled into casualty, CSL dropped 1.6%, RMD down 2.3% and TLX dropped 2.1%. Retails also under pressure again, JBH off 1.5% and APE dipping 3.9%. PMV fell hard too off 5.2%. Tech remained under a cloud, WTC down 2.2% and XRO falling another 1.3% with 360 off 2.2%. The All-Tech Index fell another 1.4%. REITs made up some lost ground as bond yields fell on jobs data.

In resources, iron ore miners pushed higher, FMG up 0.4% and RIO up 1.8%, with BHP up 1.3%. Gold miners were mixed, RMS rose 6.7% on broker comments, NEM also doing well, up 2.1%. Lithium stocks, a little depressed, and rare earths under pressure again. LYC down 0.9% and ARU off 8.2% as a large block trade went through the market. Uranium stocks slightly positive.

In corporate news, IAG fell 1.2% after the ACCC knocked back its RAC QLD acquisition. AMP settled a class action and rose 1.1% with ORG up 0.4% on further expansion at Eraring. On the economic front, the jobs data came in below expectations although the headline rate at 4.3% remained unchanged.

Meanwhile in Asia, Japan down 0.8%, HK flat and China down 0.6%. 10-year yields dropped to 4.72%. Nasdaq futures down 1.2%. Dow down 0.5% on Oracle. European markets set to open weaker.

Pre-Market Report – Thursday 11 December: Fed cuts, US markets kick | SPI up 76

Thu, 11 Dec 2025 09:00:00 +1100

The Dow Jones Industrial Average jumped on Wednesday after the Federal Reserve decided to cut interest rates once again this year and as traders bet more easing was ahead next year.

The 30-stock average gained 497.46 points, or 1.1%, to close at 48,057.75. The S&P 500 advanced 0.7% to end the day at 6,886.68 and briefly traded above its previous record closing high of 6,890.89. The Nasdaq Composite increased 0.3% to 23,654.16. The Fed approved another quarter percentage point cut at the conclusion of its two-day policy meeting. The cut, which marks its third in a row, brings the federal funds rate to a range of 3.5%-3.75%.

SPI futures are up 76 points. The ASX to rise strongly.

End of Day Report – Wednesday 10 December: ASX 200 drfits 7 points lower | Resources shine

Wed, 10 Dec 2025 16:00:00 +1100

The ASX 200 wandered around again today, waiting for the Fed, closing down 7 points to 8579 (0.1%). Banks eased back slightly, CBA down 0.5% and the Big Bank Basket fell to $267.79 (0.4%). MQG sliding another 0.7% again with other financials easier. Insurers came back to earth, with QBE down 0.4% and IAG off 1.0%. Industrials were flat, retailers fell, APE down 2.3% and JBH off 2.3% with TPW continuing to slide, off another 3.0%. WES was a bright spot up 0.7%, maybe lithium exposure! Healthcare eased back too, CSL down 0.1% and COH off 2.5%. Tech fell yet again, WTC down 1.9% and XRO sliding further, TNE off another 1.3%. Interest rate sensitive stocks under pressure. QAN down 0.8% and TCL off 1.3%.

In resources, iron ore stocks picked up, BHP up 0.5% and FMG up another 0.9%. Gold miners up as RMS announced a $250m buyback. NST up 5.1% and EVN up 4.5%. Silver stocks also having a good run. Oil and gas fell and uranium stocks rose slightly.

In corporate news, SBM up 10.9%, it secured a strategic partner and funding for Simberi, DRO popped 16.2% on a LW article. 4DX jumped 6.0% on a new order in the US. GQG unchanged on FUM data.

On the economic front, we had Chinese CPI slightly higher than expected.

Meanwhile in Asia, Japan down 0.1%, HK down 0.5% and China down 0.8%.

10-year yields higher at 4.80%.

US Futures – Dow down 4 and Nasdaq down 28.

Pre-Market Report – Wednesday 10 December: US markets in wait and see | JPMorgan falls nearly 5% on CFO comments

Wed, 10 Dec 2025 09:00:00 +1100

US stocks were middling overnight as the market sweats the Fed tomorrow, US time. The Nasdaq was up 0.13% and the S&P500 down 0.1%.The only notable move from big tech was Tesla stabilising 1.3% after its 4% drop in the previous session. The news about Nvidia selling into China couldn’t keep the stocking firing, with it slipping 0.3%. There’s pushback to the deal from Democrats and China “hawks”. Gold and lithium shares showed strength and silver hit a record high of US$60 an ounce. Bitcoin rallied to $92k. JP Morgan fell 4.7% on CFO comments on costs in 2026 dragging the Dow down.

SPI futures up 24 points. The ASX is set to open higher.

End of Day Report – Tuesday 9 December: ASX 200 drops 39 points | RBA keeps rates on hold

Tue, 09 Dec 2025 16:00:00 +1100

The ASX 200 fell 39 points to 8586 (0.5%) after the RBA kept rates on hold as forecast. The index was down a similar amount before the 2.30pm announcement. Banks drifted lower, CBA down 0.6% and WBC off 0.6% with insurers staging a modest recovery, QBE up 1.2% and MPL rising 2.7%. MQG dropped another 0.9% with PNI falling 1.1%. REITs mixed, GMG down % with the rest of the sector better. Healthcare eased, CSL down 2.0% and RMD falling 2.3%. Retail stocks fell on the rates news, JBH off 1.9% and APE dropping 2.2% as SUL fell in sympathy with BAP, down 21.3% on another nasty trading update. Telcos slid lower, TLS down 0.6% and TPG with some issues fell 1.6%. Tech once again on the nose, XRO off 0.7% and TNE down 1.6% with 360 falling hard.

In resources, iron ore stocks firmed, FMG up 1.7% and RIO flat. Gold miners drifted lower, PRU off 1.5% and NST falling %. Oil and gas stocks eased, uranium mixed, PDN and DYL to the good, LOT down to the bad. Lithium stocks holding, up but rare earths sliding back to earth.

In corporate news, LTR dropped 2.3% on a new offtake deal, WAF fell 0.7% on drilling results.

On the economic front, the RBA left rates unchanged. The board does not seem to be in a hurry to raise them either.

Meanwhile in Asia, Japan up 0.2%, HK down 0.8% and China down 0.1%.

10-year yields higher at 4.75%.

US Futures – DJ up 9 points and Nasdaq up 10.

Pre-Market Report – Tuesday 9 December: US markets slip ahead of Fed | RBA today

Tue, 09 Dec 2025 08:00:00 +1100

US stocks were down overnight as the market keeps sweating the Fed meeting coming up. All sectors in the red. SP500 down 0.35% and Nasdaq off 0.14%. Bond yields also kept pressing higher. There’s still been plenty of action. The major report is that Nvidia will be allowed to sell its H200 chips to China, sending the stock up 1.7%.

Paramount Skydance is launching a hostile bid for Warner, at $30 per share, all cash. The Netflix bid was at $27.75, split between $23.25 in cash and $4.50 in Netflix common stock. Either bid has to make it past regulators. Trump is critical of Netflix.

SPI futures down 24 points. ASX to open lower. Don’t expect much to happen until the RBA release at 2.30pm.

End of Day Report – Monday 8 December: ASX 200 falls 10, quiet day | RBA tomorrow

Mon, 08 Dec 2025 16:00:00 +1100

The ASX 200 slipped 10 points in quiet trade to 8624 (0.1%). Banks eased slightly with ANZ and NAB down around 0.7%. The Big Bank Basket up to $269.33 (0.3%). Other financials and insurers were firm, QBE up 1.1% and ZIP doing well, up 5.7%. Industrials wafted around, retailers fell with JBH and WES showing modest losses. REITs were slightly better, led by GMG and TLS had a good day as did REA. Technology stocks were mixed, WTC up 0.8% and XRO continuing to fall, off another 0.6%. The All-Tech Index rising 0.1%.

In the miners, iron ore majors came under a little pressure, with RIO off 0.9%. Gold miners too were under some pressure as bullion drifted lower, NST down 1.4% and EVN off 2.1%. Lithium stocks were on a roll. PLS up 6.1% and LTR blasting 14.8% ahead on UBS upgrades and short covering. Uranium stocks down, modest losses only. BOE the exception falling 4.5%.

In corporate news, NSR got an agreed bid from Brookfield-GIC at 286c. S&P have downgraded their credit outlook for ASX Ltd to “negative” from “stable”. TNE have backed the new CFO following his time with CTD.

On the economic front, RBA meeting tomorrow, and almost a shoe-in for no change to rates. The AUD is trading at a 3-month high.

Meanwhile in Asia, Japan up 0.5%, HK down 1.0% and China up 0.7%.

10-year yields steady at 4.70%.

US Futures – DJ up 18 points and Nasdaq up 66.

Pre-Market Report – Monday 8 December: US markets drift higher ahead of Fed | SPI down 13

Mon, 08 Dec 2025 08:00:00 +1100

Wall St ground higher Friday ‘Expectations for Fed rate cuts’ was the excuse for last week’s market rally and that same narrative supported a more modest rise in the three major indices this week. S&P 500 up 0.3% vs the ASX 200 up 0.2%. Nasdaq up 0.9% and the Dow up 239 points. S&P 500 up 0.2% overnight after PCE inflation and consumer spending prints from September both met expectations. Light volume. Nasdaq up 0.3%. Dow up 104 points. Risk-on Technology and Discretionary stocks leading the pack. Value, Utilities and Resources worst.

SPI down 13 - NSR agreed bid.

End of Day Report – Friday 5 December: Resources show strength

Fri, 05 Dec 2025 17:00:00 +1100

Pre-Market Report – Friday 5 December: US markets drift, SPI up 20 | Energy in focus

Fri, 05 Dec 2025 09:00:00 +1100

US markets mixed: S&P 500 and Nasdaq finished narrowly higher for the week, with small caps outperforming; leadership came from AI enablers, banks, brokers, machinery and select retail, while consumer defensives and cyclicals lagged.
Rates, FX & commodities: US Treasury yields rose 3–5bp with the curve flattening; the US dollar strengthened, gold gained 0.3%, Bitcoin fell 1.1%, and WTI crude rose 1.2%.
Market tone: Trading lacked clear macro direction as investors focused on company-specific news (Micro > Macro) ahead of key AI earnings events, the final Federal Reserve FOMC meeting, and lighter seasonal volumes.
Key company moves: Meta surged on reports of 30% metaverse budget cuts; Dollar General beat and raised, while Kroger and Costco disappointed; mixed reactions across tech and retail earnings.
Economic data & Fed outlook: Jobless claims hit the lowest level since 2022, but annual layoff announcements are the highest since 2020; markets are pricing ~90% chance of a 25bp Fed rate cut at the upcoming meeting.

SPI up 20 - Energy stocks in focus.

End of Day Report – Thursday 4 December: ASX 200 closes near high, up 23 | Banks firm, copper shines

Thu, 04 Dec 2025 16:00:00 +1100

The ASX 200 meandered around waiting for the Test to start. At the close, the index was up 23 points to 8618 (0.3%) in a narrow trading range. Banks found some buyers with the Big Bank Basket rallying to $266.71 (0.8%) as ANZ continued higher, up 1.7%. Financials generally were on hold, REITs slid with GMG down 2.7% as higher bond yields took their toll after household spending showed renewed strength. Industrials too were wishy washy, ALL down 0.7% and COL off 1.7% with retailers falling, JBH down 2.1% and TPW falling another 2.4%. STP fell hard on a trading update. Tech stocks were slightly firmer, WTC did better after the investor day yesterday, up 1.7%, with 360 also better. The All-Tech Index drifted 0.3% lower.

Resources were all about copper. BHP up 3.6% with RIO joining the fun and rising 3.9%. Gold miners slipped as a stronger AUD took its toll. Lithium stocks are also coming off the boil with VUL copping it on the capital raise and ex-entitlement. Oil and gas are modestly higher, with uranium stocks mixed.

In corporate news, BEN is in the frame with job cuts, REG sold some aged care homes, and GEM updated the market on its former employee facing an additional 83 charges.

On the economic front, stronger-than-expected household spending reignited rate rise fears.

Asian markets, Japan recovered 1.8% with HK up 0.2% and China up 0.3%.

10-year yields pushed higher again to 4.69%.

Pre-Market Report – Thursday 4 December: US markets better | Tech lags as rotation continues

Thu, 04 Dec 2025 08:00:00 +1100

US stocks were up modestly overnight, with the Nasdaq up 0.17% and the SP500 0.30%. The Dow was up 408 points. Private sector data showed that payrolls declined in November. Government numbers won’t be available until after the Fed meeting. It was enough to support stocks for the day, plus some helpful inflation data. There wasn’t much action in big tech, but the broader chip makers had a strong day and the small cap index the Russell 2000 rose 1.9%. US financials also lifted. The VIX settled lower at a benign reading of 16. Bitcoin is holding the line at US$93k.

SPI futures are up 21 points. ASX to open modestly higher.

We could be in for some action in the miners today. Copper rose 2.9% to hit a record high of US$11540. This good for copper producers on the ASX including SFR and CSC plus BHP and RIO. Copper is now up 31% this year.

End of Day Report – Wednesday 3 December: ASX 200 up 16 points | GDP disappoints some

Wed, 03 Dec 2025 16:00:00 +1100

The ASX 200 rose just 16 points to 8595 (0.2%) after slightly disappointing GDP numbers boosted hopes for steady rates at least. Banks were stable, ANZ up % with the Big Bank Basket up to $264.60 (0.3%) with MQG bouncing back 1.0%. Other financials were quiet, REITs rallied on the GDP despite yields rising to 4.64%. Industrials eased back, BXB down 1.1%, healthcare slipped, SIG down 1.4% and retails drifted lower, APE down 0.4% and WEB off 1.0%. Tech was mixed, WTC up 4.5% on its Investor Day, XRO fell 0.2% and the All-Tech Index fell 0.1%. Resources were mixed, iron ore miners saw some profit taking as the first cargo from Simandou set sail. Gold miners also mixed with PRU bidding for PDI in shares. Lithium stocks eased, uranium better with PDN up 5.2% and DYL rising 4.7%. Nothing stirring in oil and gas.

In corporate news, 4DX sprinted 16.0% out of the blocks after securing a US$10m CTVQ order from Philips. VUL in a trading halt with a mammoth capital raise to fund Lionheart. XYZ fell 6.0% on a presentation, and BET jumped 12.9% on a deal with Penn Entertainment.

In economic news, GDP came in slightly below expectations at 0.4%, giving the RBA an excuse to pause. In China, service activity weakened.

Asian markets mixed, Japan recovered 1.6% with HK down 0.9% and China flat.

10-year yields pushed higher again to 4.64%.

US Futures heading higher, Dow futures up 121 with Nasdaq up 50

Pre-Market Report – Wednesday 3 December: US markets slightly positive | Bitcoin bounces

Wed, 03 Dec 2025 09:00:00 +1100

US stocks rose on Tuesday, boosted by gains in bitcoin and technology names, as traders recovered some of the ground lost in the previous session. The Dow Jones Industrial Average gained 185.13 points, or 0.39%, to end the day at 47,474.46. The S&P 500 climbed 0.25% to settle at 6,829.37, while the Nasdaq Composite advanced 0.59% to finish at 23,413.67.

Bitcoin rose around 7% Tuesday, recouping some of its losses from the prior day. Tech players linked to the artificial intelligence trade supported the broader market as well. AI chip darling Nvidia increased almost 1%, while AI infrastructure play Credo Technology soared 10% and hit an all-time high on the back of better-than-expected earnings.

SPI up 15 - Gold eases - GDP today at 11.30am

End of Day Report – Tuesday 2 December: ASX 200 up 15, quiet day | Iron ore miners better

Tue, 02 Dec 2025 16:00:00 +1100

The ASX 200 pushed 15 points higher to 8580 (0.2%) in another quiet directionless day of trade. Banks were steady with the Big Bank Basket at $263.74 (0.3%), MQG fell 1.2% as the German Cum Div case ramps up. Other financials were mixed with ZIP down 10.6% on some US states querying BNPL fees. REITs rose led by GMG up 0.3% and SCG up 2.2% with industrials mixed, TLS up 0.8% and WOW and COL better. CPU bounced 2.7% with tech stocks easing back again, WTC down 2.3% and TNE continuing to fall. The All-Tech Index dropped 1.2%. In resources, the iron ore miners pushed higher again. BHP up 1.1% and RIO gaining 1.7%. Gold miners were mixed, PRU up 1.4% and VAU doing well. Lithium stocks steady, oil and gas stocks better, WDS up 1.0% and STO rising 0.9%. Uranium sector mildly positive.

In corporate news, CKF fell 3.5% after a trading update, PNR dropped 11.9% as Tulla Resources sold down its stake. MAQ completed its 47MW Sydney AI data centre.

In economic news, the Balance of Payments fell $500m in September quarter. A deficit of $16.6bn.

Asian markets mixed, Japan recovered 0.2% with HK up 0.1% and China down 0.6%.

10-year yields pushed higher again to 4.61%.

US Futures steady.

Pre-Market Report – Tuesday 2 December: US markets slip, Bitcoin slides | SPI up 6

Tue, 02 Dec 2025 09:00:00 +1100

Wall Street drifted lower overnight as the recent recovery rally took a pause. The SP500 was down 0.53% and the Nasdaq 0.38%. That was at least slightly better than the futures trading suggested before the regular day session began.

The big action was in bitcoin, which dropped 6.4% for its sharpest daily decline since March, according to The Wall Street Journal. BTC is generally considered a great barometer of risk sentiment, so the recent action suggests any share market rally may struggle to get going. We know the market is sweating the next Fed meeting on December 10.

SPI futures up 6 points. ASX to open modestly higher.

The current FedWatch reading says odds of a rate cut are now 87.6%. Added to this is Trump announcing he’s decided on his pick for next Fed Chair, without yet revealing who. For big tech, Nvidia rose 1.6% after announcing a $2bn investment and partnership with a firm called Synopsys. The two companies say they want to “revolutionise” design and engineering across industries, including semiconductors, aerospace, automotive and robotics. Part of this will be using “digital twins” not available with traditional CPU computing. There were small moves for either way for the rest.

It was a decent session for industrial metals in London, all up except tin which was down a tiny amount. Gold and oil were steady.

End of Day Report – Monday 1 December: ASX 200 drops 49 points | Japan slips on rate rise possibility

Mon, 01 Dec 2025 16:00:00 +1100

The ASX 200 dropped 49 points to 8565 (0.6%) after a promising start. US futures in the negative hurt sentiment, together with Japanese losses on higher rates coming. Losses pretty much across the board, CSL fell 1.4% on vaccine concerns, the banks wilted with the Big Bank Basket down to $262.95 (0.7%). ANZ falling 1.3% and financials under pressure, HUB down 4.5% and NWL falling 4.0%. MQG dipped 0.4%. REITS slid with SGP down 2.3% and VCX off 1.2%. Industrials also sliding, TLS down 1.2% with CPU falling 3.3% and REA off 0.8%. Tech slipped, WTC down 2.6% and TNE falling 2.1%. Retail also in the doldrums, TPW resumed the dive, off 7.3%, APE similarly off 2.1% and NCK down 3.0%.

In resources, Iron ore majors held firm, gold miners were mixed despite bullion rising, EVN down 1.9% and lithium stocks depressed, PLS off 3.2% and MIN down 3.9%. Oil and gas stocks rose, WDS up 0.9% and uranium stocks mixed.

In corporate news, AUB smashed 17.8% lower as the bid was withdrawn, TWE has cleared the decks for the new CEO with a $687m impairment on US goodwill. PME dipped 1.6% on another order, the ASX itself had issues this morning with its announcement platform falling 2.8% as many stocks were put into a trading halt.

Nothing on the local economic front. Japan opened the door a little further on rate rises.

Asia markets mixed, Japan down 1.8%, China up 0.8% And HK up 0.8%.

10-year yields pushing to 4.56%.

US futures – Dow down 267 Nasdaq down 273. The holiday season is over.

Pre-Market Report – Monday 1 December: US markets firm, commodities jump | SPI up 4

Mon, 01 Dec 2025 08:00:00 +1100

Wall St had a good short session overnight on thin volume. Path of least resistance in the short-term higher amid a lack of major news. S&P 500 up 0.54%, closing on the high. Nasdaq up 0.65%. Dow up 289 points. Another broad rally, all sectors higher save for Health Care. Energy best despite WTI falling 0.4%. Rubio not planning to attend a NATO foreign ministers meeting regarding the Ukraine/Russia peace deal. A surprise move which signals Washington’s frustration with the lack of progress. Tech only in the mid-pack yet the average FANG move was better (+0.9%). Meta (+2.3%) best. Nvidia (-1.8%) worst.

Most commodities higher overnight save for oil and iron ore.

SPI up 4 - AUB bid pulled - TWE write offs.

End of Day Report – Friday 28 November: ASX 200 down 3 points, up 2.4% for the week | Futures better

Fri, 28 Nov 2025 16:00:00 +1100

The ASX 200 drifted lower today in listless trade finishing down 3 to 8614. Up 2.4% this week. Banks eased back with the Big Bank Basket down to $264.84 (-1.1%) as CBA dropped 1.3% and ANZ down 1.4%. SUN continued lower on storm damage. Other financials rose with NWL up 0.7% and GQG rising 2.0%. Industrials mostly better, WES up 0.6% with WOW up 3.2% as tech did well today. WTC rallied another 4.7%, though XRO down 0.7%. The All-Tech Index was up.

In resources, gold miners once again the stars of the show. NEM up 2.0% and VAU gaining 2.7% as lithium stocks also did well. PLS up 2.5% and MIN up 2.2% Uranium stocks slightly better, but oil and gas stocks drifted down.

In corporate news, CTD remain in suspension on accounting issues, WBC fell 0.8% on a NZ fine, and SGR unchanged on a cleansing prospectus to allow Bally shares to trade on market.

Nothing on the economic front. Asia markets flat, Japan up 0.3%, China up 0.2% And HK up 0.1%.

10-year yields pushing to 4.53%.

US futures – Dow up 52, Nasdaq up 46.

Pre-Market Report – Friday 28 November: US markets closed, SPI down 26 | Quiet day ahead

Fri, 28 Nov 2025 08:00:00 +1100

End of Day Report – Thursday 27 November: Tech gives the ASX a small gain

Thu, 27 Nov 2025 17:00:00 +1100

Pre-Market Report – Thursday 27 November: US markets rally into Thanksgiving | SPI up 30

Thu, 27 Nov 2025 08:00:00 +1100

US stocks rose overnight, with the SP500 up 0.69% and Nasdaq 0.85%. It was on light volume, with under 15 billion shares traded against the usual 20bn. The markets are closed tomorrow for the Thanksgiving holiday. The VIX fell back further, now under 20. It was a solid session for chip stocks, with Nvidia stabilising 1.3% and even stronger gains in Broadcom, Intel and Advanced Micro Devices. The other big tech stocks were middling, save for Microsoft and Tesla that rose 1.9% and 1.6% respectively.

SPI futures up 20 points. ASX set to open higher. Resources in focus - QBE Update.

End of Day Report – Wednesday 26 November: ASX 200 jumps 70 points | CPI higher than expected

Wed, 26 Nov 2025 16:00:00 +1100

The ASX 200 gave up its strong start to close up 70 points to 8607 as the higher-than-expected CPI number took the top off things. It was a monthly number, so can be more volatile, but 3.8% was above RBA and economist’s expectations. Banks were mixed with CBA steady as NAB and WBC dipped down. The Big Bank Basket rose to $266.89 (+0.1%). MQG had a good day, up 2.8% and wealth managers also pushed ahead, HUB up 1.9% and NWL up 1.3%. Insurers mildly positive, SUN up 0.8% with REITs mixed, GMG up 1.3% but elsewhere losses as bond yields pushed higher. SCG off 0.5% and CHC down 0.4%. Industrials were firm, WES up 1.9% with retail surprisingly strong, JBH up 1.0% and APE rising 1.4% with TPW crashing 32.3% on a trading update. Fast food also better, GYG and DMP doing well, Travel stocks also better, WEB up 3.4% and FLT gaining 2.3%. Tech stocks continue to stumble around, WTC down 1.2% and XRO off 0.1% with TNE falling 2.8%. The All-Tech Index steady.

In resources, iron ore stocks pushed higher, BHP up 2.0% and FMG up 2.4% with gold miners shrugging off early weakness to push higher, VAUDA did well, up 6.5% after the hedge book news, lithium stocks exploded, PLS up 7.2%and MIN up 3.0% with oil and gas better and small gains in uranium.

In corporate news, Brookfield lobbed a bid for NSR at 286c. That is three bids this week. Debutante SEA rose 12.5% after a $20m IPO. EOS jumped 3.6% after a court penalty and DRO was up 8.5% again after its recent order.

On the economic front, as above, the CPI was higher than expected at 3.8%. Chalmers and Bullock not happy.

Asian markets were firm, although Taiwan in focus on fears of further Chinese aggression.

10-year yields rose to 4.53% on CPI. AUD rose too.

UK Budget today. European markets opening higher.

Pre-Market Report – Wednesday 26 November: US markets rally again | SPI up 97, CPI at 11.30am

Wed, 26 Nov 2025 08:00:00 +1100

The Dow jumped 664 points on Tuesday as markets shook off early losses, with traders positioning for a potential Federal Reserve rate cut in December. The S&P 500 and Nasdaq also finished higher after a mid-session dip. Rate-cut expectations strengthened following reports that Kevin Hassett — viewed as dovish and aligned with Trump’s low-rate stance — is the leading candidate for the next Fed chair. The White House may announce the nominee before Christmas, adding to market speculation.

Consumers soured on the current economy and their prospects for the future, with worries growing over the ability to find a job, according to a Conference Board survey released Tuesday.

The board’s Consumer Confidence Index for November slumped to 88.7, a drop of 6.8 points from the prior month for its lowest reading since April. Economists surveyed by Dow Jones were looking for a reading of 93.2.

SPI up 97 - FPH Results - CPI at 11.30am

End of Day Report – Tuesday 25 November: ASX 200 closes up 12 | Resources rally, banks slip

Tue, 25 Nov 2025 16:00:00 +1100

A quieter day as the ASX 200 rose 12 points to close at 8537 (0.1%). Banks were in the doldrums, entering official correction territory as BEN AML issues sunk the sector, CBA dropped 1.2% and NAB off 0.1% with the Big Bank Basket down to $266.70 (0.7%). Other financials fell, Insurers eased, QBE off 1.5% and IAG falling 1.7%. REITs drifted lower, GMG down 0.7% and VCX off 1.6%. Industrials were a little weaker, WES fell 0.8% with WOW and COL easing back, tech slid, WTC off 1.5% and TNE showing a modest 1.6% gain. The All-Tech Index up 0.8%. Resources were generally positive. BHP rose 1.0% with RIO doing well, up 2.3% and FMG gaining 2.7%. Gold miners enjoying a big jump in AUD bullion, NST up 2.0% and EVN up 3.5% with the uranium sector slightly better and lithium fighting back to square.

In corporate news, DRO rose 14.6% on a ‘new’ EU order, RHC jumped 12.7% after reported revenue and earnings better than expected. WEB took flight after a 72% jump in TTV and SRG romped 6.4% higher on some new contracts. VAU rose 2.2% as it unwound most of its gold hedges. BEN dropped 7.4% on AML issues.

In economic news, ANZ-Roy Morgan Consumer Confidence rose slightly. Highest reading since early September.

Asian markets: Japan steady China up 1.3% and HK up 0.6%. European markets set to open higher again.

Pre-Market Report – Tuesday 25 November: US markets kick higher again | Alphabet hits record

Tue, 25 Nov 2025 08:00:00 +1100

US markets bounced back strongly ahead of Thanksgiving, with tech leading the charge after recent AI-driven weakness. The S&P 500 rose 1.55%, the Nasdaq jumped 2.69% — its best session since May — and the Dow added 0.44%.

Alphabet surged 6% as investors warmed to Google’s upgraded Gemini 3 AI model, sparking a broader rally across AI-linked stocks. Broadcom leapt 11%, Micron gained 8%, while Palantir and AMD each climbed 6%. Meta, Nvidia and Amazon also moved higher as optimism returned to the sector.

SPI up 35 Gold up 1.8%. BEN has issues with AML.

End of Day Report – Monday 24 November: ASX 200 climbs 109, green across screens | QUB and MVF help sentiment

Mon, 24 Nov 2025 16:00:00 +1100

A solid start to the week with the ASX 200 up 109 points to 8525 (1.3%). Across the board gains, with US futures pointing slightly higher too. Banks were better led by CBA up 1.2% and the Big Bank Basket up to $268.55 (1.1%). Financials were generally firm, even GQG up 0.6% and SOL rising 1.8% as it joined with Genesis to make a bid for MVF at 80c. Insurers rose, QBE up 1.4% and REITs did well, GMG up 2.1% and SGP rallying 2.3%. Industrials in the green, WES up 0.2% and ALL rising 0.5% with TCL up 2.0% and RMD up 2.2% better in healthcare. CSL too had a good day. PME rose 3.5% on new orders in America. TLS rose1.9 % and REA up 1.9%. Resources were mostly better, BHP up 0.6% with its on/off bid for Anglo, RIO rose 1.1% and FMG up 1.9%. Lithium stocks gave back some recent gains, MIN down 3.2% and PLS down 3.6% with gold miners up, GMD up 1.3% and rare earths also doing better. Oil and gas stocks slid on crude falls, WDS down 1.3% and uranium stocks slightly better.

In corporate news, QUB were approached by Macquarie with a 520c NBIO whilst MVF rose 44.3% on a 80c bid. MYX returned to trade after the Treasurer knocked back the Cossette bid. DRO rose 1.8% after some more news on the recent share sales and a new US MD. IRE soared 8.0% before a trading halt concerning continuous disclosure.

Asian markets weaker with Japan closed for a holiday, China down 0.6% and HK up 1.4%.

European markets set to open higher again.

Pre-Market Report – Monday 24 November: US markets rally ahead of Thanksgiving week | BHP doesn't bid for Anglo

Mon, 24 Nov 2025 08:00:00 +1100

The US markets rose after Fed Member John Williams signalled openness to a Fed December cut. All the major SP500 sectors were positive, with healthcare leading the way. Alphabet was the best of the big tech firms, rising 3.5%. Nvidia was down 1%. Dual listed firm Life360 notably rose 4.6%. The VIX retreated to 23 but remains elevated.

SPI futures up 92 points. Macquarie bids for QUB - MVF gets a bid - BHP pulls its bid!

End of Day Report – Friday 21 November: ASX hit hard, down 136 | Banks find friends

Fri, 21 Nov 2025 16:00:00 +1100

The ASX 200 dropped another 136 points to finish at 8417, bring total losses for November to 5% so far – placing it on track for the worst month since September 2022. Resources were pummelled, BHP fell 3.2% on Chinese ore embargoes with RIO off 3.2% and FMG tumbling 5.5%. Gold miners were also hit hard despite bullion holding up, NEM down 6.1% and EVN off 4.5%. Lithium stocks saw selling back in aggressively, LTR down 8.4% and PLS off 6.9%. Base metal stocks and rare earths in trouble too, ELV down 11.8% and ILU down 11.6%. Energy stocks also under pressure, WDS down 2.7% and STO falling 3.0%.

Industrials were less affected, TCL down 1.4% and GMG off 3.6% with WES down 1.4% and retail falling after LOV down 13.8% on guidance and AX1 crashing 15.4% on similar negative guidance. Banks saw selling, CBA held firm, the other three off, the Big Bank Basket down to $265.65 (%). Other financial slid, HUB down 3.3% and NWL off 4.5%. Tech was mixed, WTC gained 2.4% on reaffirming guidance at the AGM. The All-Tech index falling 0.8%.

In corporate news, MYX saw its shares halted after a big fall and the Treasurer knocking back the bid. KGN rose slightly on an update, REH better despite a 18% fall in EBIT. WJL got BGH to pay 91c in the takeover battle.

In economic news, nothing locally, Japanese inflation came in stronger than expected.

Asian markets weaker with Japan down 2.5%, China down 1.9% and HK down 2.1%.

European markets set to open weaker again.

Pre-Market Report – Friday 21 November: US markets drop as volatility increases | SPI back down 142

Fri, 21 Nov 2025 09:00:00 +1100

The Nasdaq rallied as much as 2% after the open before reversing to finish the session -2%. That’s the highest daily trading range since April’s “Liberation Day”. Nvidia did an even bigger swing and finished down -3%.

The VIX jumped to as high as 28 at one point. Why the tizz? No one can put a finger on a singular cause. The jobs number looks the obvious culprit. The US added more jobs than expected, and that makes rate cuts less likely.

SPI futures down 142 points. The ASX set to open lower. WTC AGM

HEADLINES

US posts solid job growth in September, but unemployment rate rises
ASX to dive, volatility spike triggers Wall St reversal – AFR
Spanish court orders Meta to pay $550 million to digital media companies
AI borrowing binge prompts investors to back away from corporate bonds
Fed officials eye financial stability as they debate next rate move

End of Day Report – Thursday 20 November: Relief rally as Nvidia delivers

Thu, 20 Nov 2025 17:00:00 +1100

Pre-Market Report – Thursday 20 November: Nasdaq up 0.6% | Nvidia beats expectations

Thu, 20 Nov 2025 09:00:00 +1100

End of Day Report – Wednesday 19 November: ASX 200 slips 21 points ahead of Nvidia | Make or break?

Wed, 19 Nov 2025 16:00:00 +1100

The ASX 200 started positively to fade to a loss of 21 points to 8454 (0.3%). Banks showed weakness with more slippage as the Big Bank Basket fell to $264.08 (-1.3%) CBA off 1.3% and ANZ down 2.0%. MQG continues to slide, down 1,4% and HUB off 1.1%. GQG is enjoying a rare moment in the sun, up 9.1% as it is pursuing an anti-AI tilt. Insurers eased, REITs were slightly firmer, GMG bouncing back 1.1% and VCX up 2.0%. Industrials were mixed again, ALL up 0.8% and LNW gaining 4.4%. Retailers fell, TPW down another 2.3%. GYG continues to suffer, off 4.3%, DMP down 0.2% as the shorts move back in. Tech found some bargain hunters, WTC up 0.4% and TNE stumbling around. Unchanged in the end.

In resources, we saw a rebound in BHP and FMG, gold miners were back with bullion up to $6280 and EVN up 2.0% with GMD up 2.9%. Lithium stocks paused, rare earth stocks rose, Oil and gas stocks rose, WDS up 1.2% and uranium stocks modestly better.

In corporate news, DRO, down 19.6%, shot out of the air as its US head left in a hurry. WJL got a 90c NBIO offer from Helloworld, NUF soared 10.8% on stronger guidance and KMD rose 2.1% on Q1 sales.

In economic news, wage growth came in as expected at 3.4%.

Asian markets quietly mixed with Japan up 0.1%, China up 0.2% and HK down 0.5%.

European markets set to open weaker.

Pre-Market Report – Wednesday 19 November: US markets slip again, SPI down 15 | AGMs continue

Wed, 19 Nov 2025 08:00:00 +1100

US markets were down again overnight as the market sweats the Nvidia results due tomorrow after the US market close. The SP500 was down 0.8%, down four sessions in a row. The Nasdaq was off 1.2%. The VIX rose 7% to hit its highest level in a month at 24. Technical analysts point out that the Nasdaq and SP500 are now below their 50-day moving averages for the first time since April.

We also saw news around another big AI deal too. Microsoft and Nvidia are going to commit $10bn and $5bn respectively to Anthropic in its next funding around. It will use the money to use Microsoft’s Azure cloud services. Nvidia dropped 2.8%. Amazon was the worst of the big tech names, -4.4%. Apple was flat. News recently suggests they are now actively planning in order to replace CEO Tim Cook as he contemplates stepping down next year.

SPI futures are down 15 points. ASX set to open lower.

End of Day Report – Tuesday 18 November: ASX 200 drops nearly 2% | TNE down over 17%

Tue, 18 Nov 2025 16:00:00 +1100

A nasty start to the day accelerated to a loss of 167 points (-1.9%) on the ASX 200 as RBA minutes and US futures took us down. The big three sectors were hit hard with the iron ore miners smacked. BHP off 3.7% on UK court ruling and RIO off 2.7% with FMG falling 2.0%. Energy stocks also slipped, WDS down 1.9% with STO off 0.6% and uranium stocks under pressure. Gold miners too sold off as bullion slipped, NST down 5.6% and EVN down 5.2% with lithium the only sector that saw any green. PLS up 3.3% and LTR up 2.1%. Banks were also sold down hard, WBC fell 3.0% and CBA down 1.7% with the Big Bank Basket falling to $267.54 (-1.8%). Financials also in the seller’s sights, NWL fell 6.2% and MQG off 1.7%. Insurers fell, QBE down 1.4% and REITS under pressure too. GMG off 3.0% as a tech play on data centres.

Industrials saw across the board selling, WES fell 1.2% and REA off 2.4% with CAR falling 3.2% as TLS down 0.2%. Tech stocks were decimated after TNE disappointed, off 17.2% despite a special dividend. WTC fell 4.6% and XRO tumbled 3.3% with the All-Tech Index down 4.3%.

In corporate news, JHX rallied 9.9% on better-than-expected results, AGM’s dominated. BSL fell 1.7% on EBIT to land at the bottom of guidance range. CAT tested a life with a 11.7% fall on a growth rate of 19%. ALQ fell 2.9% on better numbers. PLT was a rare bright spot after a jump in first half profits, up 6.8%.

On the economic front, RBA minutes took rate cuts off the table. Australian consumer confidence rose 0.7% too.

Asian markets weaker with Japan down 2.9%, China down 0.3% and HK off 1.6%.

European markets set to open weaker.

Pre-Market Report – Tuesday 18 November: US markets slide again ahead of Nvidia | SPI down 52

Tue, 18 Nov 2025 09:00:00 +1100

Not much fun at all for investors in the US overnight. The VIX spiked up 11.6% as the SP500 fell 0.9% to 6672. The Nasdaq was off 0.8% to 22708. The Russell 2000 was worse, down nearly 2%. There was no hiding in Big Tech, with Nvidia off 1.9% as its results on Wednesday loom ever closer over the market. Apple, Meta and Amazon were all down. The only winner was Alphabet, up 3% as news came out that Berkshire Hathaway has been accumulating the stock. Only the Utilities sector across the SP500 was green. Again we saw bitcoin lower, down toward $91,000 as risk sentiment in crypto really comes off the boil.

SPI futures are down 52 points. The ASX set to open lower. JHX ALS Results. RBA Minutes.

Most commodities were down overnight too. Oil was mildly down as supply concerns still weigh on the trading outlook. Gold slipped 1% as it continues to consolidate the recent surge.

End of Day Report – Monday 17 November: ASX 200 claws back early losses | Iron ore helps, ELD cheer

Mon, 17 Nov 2025 16:00:00 +1100

The ASX 200 closed up 2 points to 8636 in a quiet session ahead of a big week in the US. Good comeback after a near 50 point fall this morning. Some signs of confidence returning with banks seeing a resumption of the sell CBA, buy the other three switch. The Big Bank Basket fell to $272.47 (-0.4%) as CBA dropped 1.0%. MQG ex-dividend today, down 2.3% with financials slightly firmer, QBE up 0.5% and HUB up 2.7% with NWL gaining. REITs firmed, GMG up 0.5% and CHC up 1.7% with industrials finding their feet, LNW up 3.3% with WTC up 1.2% although XRO fell another 0.1%. Retailers firmed, UNI up 1.7% and PMV up 2.1% with DMP gaining another 5.1%. GYG continue to fall, down 1.8%. Healthcare eased back, RMD under pressure off 2.1%, CSL down 0.8% and SHL slipping 1.5%. Resources were mixed, BHP fell 0.6% on the UK court ruling, RIO and FMG both better on higher iron ore prices in Asia, lithium staged a comeback, PLS up 3.7% and IGO rising 0.9%. LYC also bounced 5.5% with gold miners mixed. No significant damage done. GMD up 2.5% on a broker upgrade. Energy stocks all better, WDS up 0.9% and ALD rising 3.8%. IPX fell 3.0% after a return to trade following a report from Spruce Capital.

PME jumped 4.2% on another $44m deal with Advanced Radiology. Some management changes, RHC rose 1.8% on a new CFO, MSB rallied 5.0% on a new CFO too with FPR better on an acquisition. ELD gained 6.3% on better than expected results.

Nothing locally on the economic front. RBA board member wrote a column on the RBA mandate. In Japan, GDP came in better than expected.

Asian markets weaker with Japan down 0.4%, China down 0.4% and HK off 0.6%.

European markets set to open slightly weaker.

Pre-Market Report – Monday 17 November: US markets mixed, SPI down 17 | Nvidia the big event this week

Mon, 17 Nov 2025 09:00:00 +1100

Wall St staged a recovery from opening lows to finish near flat in another volatile session. S&P 500 flat on average volume. Nasdaq up 0.13%. Dow underperformed. Down 310 points and down 1100 in two sessions after hitting record highs earlier in the week. Short-term rotation from growth to value didn’t last long. The weak open coming from the same narrative as yesterday – odds of a Fed December rate cut falling due to inflation concerns (no official economic data released). 50% to 45% this time (again, yawn). The drop was attributed to Jeffrey Schmid, saying inflation was too hot and is being driven by broader factors other than tariffs. Schmid was the only Fed member to dissent in favour of no change in October (Miran was the only one to dissent in favour of a 50bp cut). Nasdaq was down 1.9% at worst before the precipitous moment was again avoided and the dip bought. Volatility remains high. Above 20 points.

SPI down 17 - ELD results.

End of Day Report – Friday 14 November: ASX drops 119 points

Fri, 14 Nov 2025 16:00:00 +1100

Pre-Market Report – Friday 14 November: US markets crack, Dow down 800 | Bitcoin drops below $100k

Fri, 14 Nov 2025 09:00:00 +1100

The ASX is set for a very tough open after Wall Street went down heavily and dragged the ASX futures down with it. It was the biggest one day fall for the SP500 and Nasdaq for over a month. It’s a similar story to the ASX yesterday with the prospect of rate cuts becoming fainter. In the US, the odds of a cut were 70% last week. Their only 47% now. The Nasdaq was down 2.2% and the SP500 1.66%. Volume lifted back to 20.8 bn shares after the recent lull, and the VIX jumped 16% to hit 20 again. Some notable movers were Nvidia, which fell 3.6%, Telsa off 6.6% and Intel down 5.2%. Bitcoin was down 3% too.

SPI futures down 136 points. ASX set to open lower.

End of Day Report – Thursday 13 November: ASX drops 0.5% on strong jobs number

Thu, 13 Nov 2025 16:00:00 +1100

Pre-Market Report – Thursday 13 November: Dow hits new record | Rotation to financials and healthcare

Thu, 13 Nov 2025 08:00:00 +1100

The Dow Jones Industrial Average rose to new heights on Wednesday, extending its gains from the previous session, as Wall Street looked ahead to a potential end to the record-breaking U.S. government shutdown.

The 30-stock Dow was last up 334 points, or 0.7%, and hit a fresh intraday high in the session. The S&P 500 traded around the flatline, while the Nasdaq Composite dropped 0.3%.

SPI up 11 - Australia’s October labour force report is due at 11.30am.

Results expected on Thursday from Graincorp, Orica, Xero, Catapult Sports and Infratil.

Companies scheduled to host annual meetings include Arena REIT, AUB Group, Computershare, Catalyst Metals, Greatland Resources, Guzman Y Gomez, Ingenia Communities Group, Inghams Group, Nextdc, Pexa Group, SGH, Superloop, Servcorp and Strike Energy.

End of Day Report – Wednesday 12 November: ASX 200 down 19, CBA falls again | ALL and 360 lower on results

Wed, 12 Nov 2025 16:00:00 +1100

The ASX 200 slipped again by 19 points to 8800 (0.2%) as CBA continued to weigh, off another 3.1% with the Big Bank Basket down to $279.76 (-1.6%). Joining in the casualty list were 360 off 13.1% on disappointing numbers and ALL down 7.5% as it came up lemons. Our dismal tech sector continues to slide as XRO head lower still, off 2.2% and WTC down 0.8%. REA fell 2.5% and CAR down 1.0%. Industrials were ok, TCL up 0.5% and WES gaining 0.7% with COL and WOW better, TLS gained another 0.4%. GYG continue to be wrapped lower, down 2.0% and TPW also fell hard today, off 4.4%.

In resource land, iron ore improved in Asian trade, BHP up 0.6% and RIO sprinting 2.3% ahead. Gold miners were modestly better, NST up 1.4% and EVN up 2.0%. Lithium stocks better, LTR up 6.1% on its new auction platform, MIN roared 9.2% ahead on selling part of its lithium business to POSCO. LYC slid 2.7% with uranium stocks weaker. Oil and gas stocks better with WDS up 1.4%. Coal stocks weaker.

In corporate news, FLT rose 1% on an earnings update, NWL fell 0.4% after surviving a protest vote at the AGM, MP1 resumed trade after capital raising. A1N dropped 9.7% on much weaker ad revenue. DMP rose 1.8% after an AGM update.

In economic news, investor loan numbers, in Asia hopes for more Chinese stimulus helped iron ore prices higher.

Pre-Market Report – Wednesday 12 November: US mixed, Dow hits record | Nvidia down

Wed, 12 Nov 2025 09:00:00 +1100

A quiet session for US markets overnight. The bond market was closed for Veteran’s Day. There was also light volume on the share market, with only 15.3bn shares traded. The average over the last month is 20bn. That said, the Dow Jones index closed at a record high, while the Nasdaq slipped 0.25% with Nivida and other AI related firms closing lower. CoreWeave took a big 16% hit after it lowered its revenue forecast. The VIX continued to moderate down. Positive sentiment continues to flow from a likely resolution to the US government shutdown. US government officials from across the country are heading to Washington to vote in the House of Representatives on Wednesday. A deal will extend funding through to January 30.

SPI futures are up 15 points. ASX set to open higher. FLT update - ALL results

End of Day Report – Tuesday 11 November: ASX 200 falls 17 | CBA (-6.6%) kills the index

Tue, 11 Nov 2025 16:00:00 +1100

The ASX 200 fell 17 points to 8824 (0.2%) as CBA stumbled 6.6% lower on trading update. Every 1% is a 10-point fall. This wiped any thoughts of gains off the table. The Big Bank Basket fell to $284.31 (-3.8%). WBC bucked the trend in the banks, up 1.3%. Financial generally flat, MQG up 0.7% and QBE rising 0.6%. Industrials generally firmer, TCL up 1.0%, WES up 0.6% and WOW and COL slightly firmer. REITs firmed, GMG up 1.5% and SGP rising 1.3%. TLS also had a good day up 1.0%. Tech remained becalmed,.XRO flat and WTC off 0.3%. The All -Tech Index flat.

Resources were firm. BHP, RIO and FMG were steady, but gold miners showed strength, NST up 3.2%, NEM up 4.3% and GMD rising 2.8%. Lithium stocks were also very strong, PLS up 7.5% and MIN up 6.0%. Oil and gas better, WDS up 1.6% and uranium stocks steady.

In corporate news, CBA was the focus. Comments from Matt Comyn on competition and a reduction in NIM sent the stock down %. SCG rose 0.7% on a trading update. BEN also falling hard on cash earnings of $120,7m down 8.5%. COL flat on CEO comments at the AGM. EDV announced a new head of Dan Murphy’s.

Westpac-Melbourne Institute Consumer Sentiment Index surged 12.8% to 103.8 points in the past month.

Asian markets easing back slightly.

Pre-Market Report – Tuesday 11 November: US markets rally hard on shutdown news | CBA update

Tue, 11 Nov 2025 08:00:00 +1100

A good night for markets in the first session for the week. Both the SP500 (+1.5%) and the Nasdaq (2.4%) rose. Nvidia punched back 6% after its recent wobble. Tesla lifted 3.7%, with investors apparently not concerned about Elon Musk’s new pay deal.

The Dow lifted 389 points. It’s a risk on move. Stronger conviction around the end of the US government shutdown this week helped sentiment as we await the delayed US data due. Bitcoin’s now rallied back to US$106,000 per BTC. Gold lifted a strong 2.7%.

SPI futures are up 43 points. The ASX is set to open higher. Gold and commodities up strongly.

Metals in London were solid too with copper and the rest of the industrial metals all up. Lithium and gold stocks rallied strong. BHP and RIO were up 1.4% respectively. The VIX retreated 7.7%. Volume across the US exchanges was 17.9bn shares, relatively light compared to the average in recent trading.

End of Day Report – Monday 10 November: ASX 200 up 66, ANZ +3.2% on results | US futures rally hard

Mon, 10 Nov 2025 16:00:00 +1100

The ASX 200 kicked 66 points higher to 8836 (0.8%) as news of a Senate vote to end the shutdown brought risk appetite back. ANZ results helped the banking sector as the market warmed to the transformation story, with the stock hitting record highs, up 3.2%. The Big Bank Basket rose to $295.69 (0.2%) with CBA slipping slightly.

Financials were better, as MQG found some analyst love and ZIP rose 4.5% on Nasdaq listing news. NWL rallied 2.4%, with XYZ bouncing hard, up 6.9%. Insurers firmed; REITs were mixed, with GMG down 1.3% and SCG up 0.7%.

Healthcare was also mixed as CSL fell 0.1% and RMD rose 0.6%. Industrials perked up after a lacklustre start, TLS up 0.6% with QAN rallying 2.3%, and the tech space doing well — WTC gained6.2 % and XRO rose 1.0%, with the All-Tech Index up %.

Resources were also in demand — gold miners kicked higher, NST up 3.5% and EVN up 3.9%. Lithium stocks enjoyed a day out, PLS up 9.2% and MIN gaining 4.0%. Rare earth stocks were back in favour, LYC up 4.8% and ARU rallying 7.8% to its SPP price. Energy stocks were also in demand, WDS up 1.2% and PDN rose 7.9%, with LOT up 5.9% as uranium found favour.

In corporate news, MND rose 11.0% on a trading update, DOW hit a five-year high on a solid opening higher $750m Chevron deal, and DNL exploded 7.8% higher on improved results. AUB flat on news that CVC Asia joined the fray. AGL rose 1.6% after it agreed to divest its stake in Tilt Renewables. MYX fell 5.9% on news Cosette will appeal the court decision.

Asian markets – HK up 0.9%, China off 0.1% and Japan up 1.3%. US futures strong on shutdown hopes. Nasdaq up 307 Dow up 98. European markets set for a strong opening.

Pre-Market Report – Monday 10 November: Weak US lead | ANZ results miss

Mon, 10 Nov 2025 09:00:00 +1100

End of Day Report – Friday 7 November: ASX 200 falls 59, down 1.2% for the week | Tech tumbles

Fri, 07 Nov 2025 16:00:00 +1100

The ASX smashed lower to finish the week off 59 points at 8770 (0.7%), with the week down 1.2%. Felt like a lot more really! Banks came under pressure, coming off all-time highs as MQG was dumped 5.7% and WBC and CBA fell hard. The Big Bank Basket dropped to $295.13 (-1.1%). Financials and wealth managers continued to fall, with NWL off 2.6% and AMP down 2.9%. REITs were a mixed bag — GMG steady, while CHC slipped 1.2%. Industrials slid, with SGH down 1.6% and ALL off 2.0%, while the tech sector came under serious pressure — WTC down 2.7% and XRO off 2.5%. The All-Tech Index fell 2.2%.TLS bucked the trend on defensive buying, up 1.2%, while QAN landed 6.6% lower after an update. Resources were weaker too, as the big miners sold off — BHP down 0.8% and RIO off 1.3%. Gold miners were mixed, with NEM up 1.8% and EVN down 0.7%. Some buying appeared in rare earths, but uranium came under a little pressure.

In corporate news, XYZ dropped 15.8% on a Q3 revenue miss, QAN fell again on a trading update, and OML slipped 6.0% after warning of a weaker finish to the year. REA came under pressure on results, but NWS rallied slightly on its own. AQZ crash-landed 42.7% after a voluntary suspension ended with a large profit drop and the MD stepping down. MQG became the latest blue-chip loser to be skewered, on disappointing results.

On the economic front, nothing locally, but Chinese trade numbers disappointed and iron ore dropped again in Singapore trade.

Asian markets - HK down 1.1%, China off 0.2% and Japan down 2%. US Futures off lows, Nasdaq up 40 Dow up 50. European markets set for a slightly lower opening.

Pre-Market Report – Friday 7 November: US markets continue pullback | Bitcoin slips, gold steady

Fri, 07 Nov 2025 09:00:00 +1100

US stocks down overnight, with SP500 down 1.1% and the Nasdaq off 1.85%. The VIX sprang back 11% to close just under 20. Bitcoin can’t lift strongly either. Big Tech under some pressure, with TSLA -3% as shareholders sweat the Musk pay deal. Meta and Amazon were both off over 2%, and Nvidia is now down 9% in 3 sessions. Apple managed to weather the selling and stay flat. Some recent (private) data shows a grim statistic for American workers. October saw the most job cuts for that month in two decades. Technology and warehousing were the leading sectors shedding jobs. The AI impact continues.

SPI futures are down 14 points. ASX set to open lower. MQG results - Gold steady - Bitcoin falls.

End of Day Report – Thursday 6 November: ASX 200 closes up 26 | NAB down 3.3% on results

Thu, 06 Nov 2025 16:00:00 +1100

The ASX 200 managed to cling to small gains today, up 26 points to 8828 (0.3%).

NAB fell 3.3% after results saw some profit-taking on low growth, WBC down 1.2% as it went ex-dividend. Insurers were better, with QBE up 1.7% and MPL up 0.8%, while other financials remained sloppy and weak.

Industrials generally mixed — TLS up 0.6%, TCL up 0.8%, and ALL rising 1.3%, with WES slipping 1.2% again, and JBH falling 3.1%. Travel stocks also fell, WEB down 2.7% and FLT losing altitude, off 1.4%.

One bright spot was LNW, up 8.2% on a better-than-expected quarterly. DMP also gained 4.7% as shorts covered, just in case. Tech was slightly firmer as WTC rallied 0.6% and XRO up 0.5%, with the All-Tech Index up %.

Resources firmed — BHP up 1.6% despite iron ore falling again, RIO also doing well. Gold miners were better on a bullion price increase, NST up 2.8% and NEM rising 2.8%. Rare earths were still under some pressure, as was the uranium space, while oil and gas firmed, WDS up 1.6%.

In corporate news, ZIP fell 4.2% after its AGM reaffirmed guidance — perhaps the market was looking for another upgrade. JHX tumbled again, down 12.7%, as it went into a trading halt and blamed index rebalancing for the earlier sell-off. TAH dropped 3.0% as Aware Super sold down, and AMC rallied 5.0% on first-quarter results.

On the economic front, Balance of Payments data was released today, showing the seasonally adjusted balance on goods increased by $2.827bn in September.

Asian markets - HK up 1.6% China up 1.3% and Japan bouncing 1.6% 10-year yields squeezed to 4.36%.

US Futures, Nasdaq down 19. Dow up 13. Tesla vote tonight.

European markets set for a flat opening.

Pre-Market Report – Thursday 6 November: US markets recover, SPI up 66 | AGM season continues

Thu, 06 Nov 2025 08:00:00 +1100

The Dow Jones Industrial Average gained 225.76 points, or 0.48%, to close at 47,311.00. The S&P 500 rose 0.37% to finish at 6,796.29, while the Nasdaq Composite advanced 0.65% to settle at 23,499.80. Investors were paying attention to the Supreme Court hearing Wednesday regarding President Donald Trump’s tariffs.

Some encouraging data on the economy Wednesday with better-than-expected ADP payrolls data and a stronger-than-expected ISM services economy reading. However, the strong data did give a boost to yields, something that some investors may not like to see with expectations growing for a third Federal Reserve rate cut in December.

COMMODITIES

Beijing lifts some tariffs on US farm goods but soybeans stay costly
Unprecedented volume of oil stored on ships due to Western sanctions, Gunvor CEO says
Gold gains on risk aversion despite strong US payrolls data
Dalian iron ore extends falls on China demand concerns
Copper rises after four days of falls, but China demand worries cap gains

SPI up 66 - NAB results and AGM season continues.

End of Day Report – Wednesday 5 November: ASX 200 claws back heavy losses to close down 12 | Banks hit new highs

Wed, 05 Nov 2025 16:00:00 +1100

The ASX fell another 12 points to 8802, well off lows, as resources were slammed hard. The market finished well off the lows of the day as US futures recovered from heavy early losses. Banks held up again, CBA up 1.3% and the Big Bank Basket up to $297.93 (+0.9 % ). MQG dropped 0.4%, and financials were mixed — ASX up 1.6% and GQG off 1.7% again. Insurers saw small gains, SUN up 0.6% and MPL up 1.2% on an acquisition. Industrials were mixed, TLS rose 1.5% with BXB recovering slightly, WOW and COL rose, and TCL up 0.8%. Tech stocks fell, XRO off 0.9% and WTC continuing to fall off 1.4%. The All-Tech Index was down 1.7%. Healthcare stocks were mixed — CSL fell 0.4% despite a briefing on vaccines this morning, RMD up 0.6%, and PME slipping 1.4%.

Resources tumbled, BHP off 0.5% with FMG down 2.5%, though well off the lows. Gold miners saw small losses even as bullion pushed higher. Lithium stocks fell hard, PLS down 3.3% and MIN off 3.4%. Rare earths saw heavy losses, LYC off 3.3% and ILU down 3.6%. Second-liners like ARU fell 5.7%, well below the SPP placement price of 28c.

In corporate news, TYR appointed Nigel Lee as new CEO, GMG fell 3.4% on an AGM update. WDS looking to boost cashflow.

Nothing on the economic front here. Asian markets crumbled in places — the Nikkei 225 dropped the most since April, as tech valuations came under scrutiny.

Asian markets - HK up 0.1% China up 0.1% and Japan down 1.5% 10-year yields 4.31%. US Futures off lows, Nasdaq down 52. Dow up 56.

Pre-Market Report – Wednesday 5 November: US markets crack | Nasdaq falls 2%

Wed, 05 Nov 2025 09:00:00 +1100

Stocks fell on Tuesday, pressured by declines in artificial intelligence-related names like Palantir, as investors grew increasingly concerned about valuations in the bull market-leading shares.

The S&P 500 declined 1.17% to close at 6,771.55, while the Nasdaq Composite traded down 2.04% to finish at 23,348.64. The Dow Jones Industrial Average lost 251.44 points, or 0.53%, to 47,085.24.

Wall St falls as bank CEOs warn of possible pullback, sparking tech bubble jitters
Norwegian opposition complicates Musk's path to $1 trillion pay deal
UK's Reeves paves way for tax rises in her next budget
Wall Street heavyweights flag risk of pullback in equity markets

COMPANIES

Amazon's $38 billion OpenAI deal shows it is no longer an AI laggard
Pfizer, Novo Nordisk escalate bidding war for obesity drug developer Metsera
Starbucks' bet on local expertise could help it regain ground in China
Uber operating profit hit by legal expenses, shares fall

Commodities slip - Gold sold down again - Bitcoin down below $100k - SPI up 18!

End of Day Report – Tuesday 4 November: ASX 200 drops 81 on iron ore majors | RBA holds rates steady

Tue, 04 Nov 2025 16:00:00 +1100

The ASX 200 dropped another 81 points to 8814 (0.9%) as the RBA kept rates unchanged as expected. Banks and iron ore miners synchronised falls, with the Big Bank Basket down to $295.15 (-0.4%). WBC saw buyers up 1.5% on broker comments post the result. CBA down 0.8%. Insurers and financials slid, MQG down 0.8% and QBE off 0.7%, with SOL continuing to flounder off another 1.7%. REITs under pressure again, GMG off 1.9% and SGP falling 1.1%. Industrials weaker with some exceptions, DMP, LNW and PWH in the green. WES lost another 0.8% with JBH off 1.9% and SUL falling 2.8%. Tech eased back again, XRO down another 1.6% and WTC falling 1.5%.

In resources, iron ore miners under pressure with prices off in Asia. BHP down 1.9% and FMG dropping 2.7%. Lithium and rare earths seeing profit taking, LYC down 1.2% and MIN off 2.3%. Gold miners were generally steady. Oil and gas eased, WDS down 0.7%, and uranium stocks fell back to earth.

In corporate news, GEM fell 13.0% on an earnings update, LNW to delist from Nasdaq, CCX jumped 8.8% on positive momentum in trade. NVX crashed 10.6% as Stellantis pulled out of its agreement.

On the economic front, the RBA left rates unchanged. Capital Economics believes the Reserve Bank will still lower interest rates twice next year, with the first reduction coming in the third quarter.

Asian markets mixed, HK up 0.2%, China down 0.4% and Japan down 0.5%.
10-year yields 4.34%. US Futures easing back, Dow off 189 and Nasdaq falling 218.

Pre-Market Report – Tuesday 4 November: US markets mixed | Amazon hits high, Palantir results

Tue, 04 Nov 2025 08:00:00 +1100

The big deals just keep coming over in the USA. Amazon hit all time highs on the news that OpenAI has signed a seven year deal to buy services from Amazon’s cloud division AWS. It’s worth $38bn. Amazon rose 4%, lifting again after its quarterly report last week. That helped the Nasdaq rise 0.45%. Tesla also rose 2%, momentum starting to form after the wobble around it quarterly update back on October 22. Nvidia also rose 2%. Its most advanced AI chips remain reserved for US companies. That’s not all. The firm behind consumer brands Huggies and Kleenex, Kimberly-Clark, is going to spend $40bn to buy a company called Kenvue, makers of Tylenol. This kind of action tends to come after a strong bull run. The SP500 finished up 0.16%.

SPI futures are down 9 points. The ASX set to open lower. RBA and Cup in focus. Victorian holiday.

Not much fun for resource investors overnight. Spot uranium fell and dragged down the sector, with Cameco off 1.2% and NexGen Energy -6.3%. Copper stocks were weak as the copper bull run takes a breather. Lithium shares were generally down too. US financials and the VIX were flat.

End of Day Report – Monday 3 November: Banks lead ASX 200 higher | Lithium slips and copper falls

Mon, 03 Nov 2025 16:00:00 +1100

The ASX 200 started badly down some 40 points but rallied to close up 13 at 8892 (0.2%). Once again it was the banks that led the turnaround with WBC numbers pleasing and the sale of the RAMS Home Loan book also a positive. The bank closed up 2.8% with the Big Bank Basket at $297.33 (+2%). CBA kicked up 2.3% and other financials were mixed. REITs slid with GMG down 0.2% and SGP off 0.8% and insurers also fell, QBE down 1.2%. Industrials ended up mixed, after a sluggish start, WES up 0.3% and REA bouncing 1.1%. Tech stocks did better, WTC up 0.6% and XRO rallying 2.3%. In the healthcare space, RMD fell 4.3% on its results, CSL continued to drag the sector down, off another 1.7%.

Resources were weaker on Chinese data, BHP down 0.2% and rare earths spluttered lower, LYC off 8.1% and lithium depressed, PLS down 5.2% and LTR off 0.4%. Gold miners eased back as bullion tested $4000, NST down 2.0% and EVN off 2.5%. Oil and gas stocks rose as crude pushed ahead, WDS up 1.3% and STO up 1.1%, uranium drifted lower, PDN down 2.0%.

In corporate news, DRO steady on a Latin American order, DMP rose 0.2% after selling its printing business.

Asian markets mixed, HK up 0.1%, China up 0.2% and Japan up 0.9%.

10-year yields 4.35%. US futures slightly higher.

Pre-Market Report – Monday 3 November: US markets slightly higher, SPI down 5 | RBA in focus

Mon, 03 Nov 2025 09:00:00 +1100

Wall St ended slightly higher as positive Amazon results outweighed falling odds for a rate cut in December. Tech sector down overall yet the Nasdaq performed best up 0.61%. S&P 500 up 0.27%. Closing off highs on average volume. Dow up 41 points. Amazon up 9.6% (had been +13% after hours) took not just the Cyclicals sector up but the entire S&P by ~0.45%. Apple lost all its after hours gain to finish down 0.4%. Meta continued its slide. Now down nearly 14% since reporting. S&P (ex-Amazon) finishing in the red after Fed heads reinforced Powell’s hawkish commentary. Bostic saying another rate cut not locked in and Hammack saying she opposed Thursday’s cut because inflation is too high. Markets still pricing in a 70% chance of a cut before year’s end. Down from 90% at the start of the week. Bond yields down overnight but recorded a large weekly gain. US10Y up 8bp. 2Y up 9bp. Australian yields with even bigger moves post the Wednesday inflation print. AU10Y up 18bp. 2Y up 20.5bp.

SPI down 5 - WBC Results - RBA in focus tomorrow.

End of Day Report – Friday 31 October: ASX finishes flat | Down 1.5% for the week

Fri, 31 Oct 2025 16:00:00 +1100

Pre-Market Report – Friday 31 October: US markets ease ahead of Apple and Amazon | SPI up 13

Fri, 31 Oct 2025 08:00:00 +1100

US shares were down overnight, with the NASDAQ off 1.57% and SP500 (-0.99%) also weakening. Meta fell 11.3% as the market reacted further to their earnings update yesterday. Most of the other big players also down, with Tesla -4.6%, Microsoft -2.9% and Nvidia -2%. Two brighter spots were Amazon, which is up a powerful 11.6% in the after market after its update showed its AWS division had the strongest growth in three years. Apple’s quarterly revenue also came in higher than expectations, with new iPhone models and AI enabled hardware like AirPods giving the sales outlook a strong boost.

Apple and Amazon up substantially after hours on results.

SPI futures up 13 points. The ASX to open higher. EDV update - AGMs and Quarterlies.

Gold lifted 2% after its recent weakness, likely helped from the recent rate cut from the Fed and ongoing demand. Gold stocks responded, with Newmont up 3.3%. Industrial metals in London were generally down.

End of Day Report – Thursday 30 October: ASX 200 falls 41 points | All eyes on Trump v Xi

Thu, 30 Oct 2025 16:00:00 +1100

The ASX 200 dropped another 41 points to 8886 as interest rate sensitive stocks fell and WES dropped 7.1% on AGM comments. Banks held firm as we await details from APEC on the Trump/Xi Meeting which was all over in 90 minutes. The Big Bank Basket held at $289.37 (+0.1%), with insurers slipping and financials a little wishy washy. REITs tumbled as rates rose, GMG down 1.3% and SCG off 2.9% on rate rethink. Industrials were also weaker, ALL fell 2.2% with WOW gaining 3.3% at the expense COL down 2.6%. REA continued to fall, down 2.6%. TLS off 1.4% and tech stocks fell again, XRO down 2.6% and WTC down another 2.6%. TCL slid 2.4% with JBH under pressure following a trading update. CSL found some friends, up 5.2% but RMD and COH fell.

In resources, a mixed picture, gold miners were spotty. Some ok, some not, NEM gained 1.3% and RRL up 1.2% with uranium stocks still in fashion (for now). PDN up 5.9% and lithium stocks benefitting from broker upgrades to the lithium price. PLS up 5.4% and LTR gaining 11.2%.

In corporate news, MIN soared 13.7% on much better-than-expected results, UNI fell 4.3% after an update and L1G returned to trade after capital raise and soared 11.7%. CIA also doing well on a quarterly in the iron ore space, up 9.9%. JHX fell 3.1% after losing the chair to a vote.

In economic news, the BoJ held rates unchanged, Trump met Xi for 90 minutes to talk trade. Not sure that is long enough to really get into the ‘nitty gritty’, but China seems to be happy to buy soybeans. Tariffs reduced from 57% to 47%. Not a huge deal really.

Asian markets mixed, HK up 0.1% China down 0.3% and Japan up 0.5%

10-year yields 4.23%. US Futures not doing much really. Yet.

Pre-Market Report – Thursday 30 October: US markets stall on Fed cuts | Tech results after hours mixed

Thu, 30 Oct 2025 09:00:00 +1100

Big night for Wall Street as the SP500 finished flat but the Nasdaq rose 0.5%. Focus on US company earnings and the Fed meeting. Rates cut 0.25% but pushed back against any assumption of another one in December. Bond yields and USD up. US10Y up 10bp. Gold initially up over 1.5% before losing all gains. Equities took an initial hit before recovering. The odds of a December cut dropped from 90% to 71%. The Fed also announced an end to its “QT” policy. Aimed at easing pressure in the short term lending market.

Mega cap tech stocks reported after the bell. Meta down 6.7% after market despite posting record revenue in the third quarter. Net income was below expectations because of a one off, $16bn tax hit. Alphabet rose 5% after posting sales at a record $102 billion. Net income was up 33% on the previous year. Microsoft down 3% despite its Azure cloud division growing by 40% and operating income increasing 24%. Caterpillar shares went up 12% in their steepest rise since 2009, driven from power generator demand from data centres. Nvidia also topped $5 trillion in value – the first company to do so. Other notables included ServiceNow (in FANG) up 3% after hours, UBS down 1%, KLA Corp (Chip stock) up 2.4% and Boeing down 4.4%.

The SPI is down 32 points. ASX set to open lower.

End of Day Report – Wednesday 29 October: ASX 200 drops 86 as inflation comes in hot | Banks and REITs fall

Wed, 29 Oct 2025 16:00:00 +1100

The ASX 200 dropped 86 points to 8926 (-1.0%) as inflation came in hotter than expected and snuffed out any rate cut hopes for next week. The banks bore the brunt, CBA down 2.1% and WBC falling 3.1% with the Big Bank Basket falling to $289.08 (-2.1%). Insurers fell, QBE down 1.6% and SUN off 2.0%. Other interest rate stocks fell, TCL down 1.9% and REITs under pressure, GMG down 1.4% and SGP off 3.9%. Industrials eased back, WES dropped 1.7% and ALL off 1.6% with WOW up 2.4% as COL fell 1.9%. CSL continued to decline down 4.0% and XRO falling 2.0% with the All-Tech Index off 1.4%. In resources, iron ore rallied, BHP up 1.3% and FMG up 1.0% and the gold sector doing much better, EVN up 2.4% and NST up 2.4%. Rare earths still under some pressure, ARU off 20.0% as the capital raise weighed, lithium stocks trying to push higher, PLS up 1.6% and the uranium sector soaring on a Cameco deal in the US and BOE jumped 19.8% on quarterly numbers, PDN up 11.3% and oil and gas flat.

In corporate news, NCK gained 12.7% on strong Q1 ANZ sales. WOW up 2.4% on quarterly sales, SDR rose 2.5% on a trading update. On the economic front, underlying inflation came in stronger than expected at 3%. Rate cuts are off for 2025. Trimmed mean of 1% QoQ. Well above the forecast 0.6%.

Asian markets generally firm, Nikkei 225 up 1.9%, HK up 0.1% and China up 0.4%.

10-year yields 4.23%. US Futures mixed.

Pre-Market Report – Wednesday 29 October: US markets hit new records, SPI up 11 | CPI today

Wed, 29 Oct 2025 09:00:00 +1100

US stocks finished higher overnight. The Nasdaq rose 0.8% and the SP500 0.2%. US stocks remain in record highs on average volume of 20bn shares. Employment figures released were encouraging, and NVDA made a big 5% move up after announcing a deal to build seven AI supercomputers for the US energy department. CEO Huang also said they had US$500bn in bookings for its AI chips – and that’s even without access to the Chinese market. It's possible NVDA becomes the first public company to hit US$5 trillion in value.

SPI futures are up 11 points. ASX set to open higher. WOW quarterly and CPI

End of Day Report – Tuesday 28 October: ASX 200 falls 43 points | CSL and WTC dumped

Tue, 28 Oct 2025 16:00:00 +1100

The ASX 200 fell 43 points to 9012 (0.5%) as resources were sold off heavily. Two blue chip casualties today too in CSL on a downgrade and delays to its demerger plans and WTC on ASIC raid on offices. Both falling heavily, CSL off 15.9% and WTC down 15.9% too. The All-Tech Index fell 1.1%. Gold miners under serious [pressure again today with NEM down 4.1% and NST falling 3.1% as bullion fell below US$4000. The Iron ore majors fared better with small losses, but rare earths dropped in a brutal sell down, LYC fell 13.9% and ILU down 5.2% with lithium stocks back on the chopping board as LTR dropped 12.8% and PLS fell 6.1%. Oil and gas stocks eased, WDS down 1.7% and uranium stocks fell, PDN down 4.4% and DYL off 2.5%. Banks though and other defensives were in demand. CBA up 1.4% and NAB rising 2.5% with the Big Bank Basket back up to $295.24 (+1.4%). Insurers gained too. QBE up1.5 % and SUN up 2.2%. Broker AUB got a NBIO from Swedish private equity, up 5.9% and SDF rose in sympathy. Industrials firmed, WES pushing ahead again, up 2.8% TLS up1.0 % and COL gaining 1.6%. In healthcare CSL weighed and tech stocks fell, WTC being responsible.

In corporate news, media speculation on Bain Capital bidding for all or some of DMP saw the stock rocket before denial and profit taking killed it, still up 7.2%. FLT fell 0.9% as it sold its Cross Hotels business.

On the economic front, Trump was in Japan meeting new PM Takaichi as the Fed kicks off its meeting tonight.

Asian markets mixed ahead of framework trade deal, Japan down 0.8%, with HK and China mildly positive.

Pre-Market Report – Tuesday 28 October: US markets power up, SPI down 39 | Gold drops again

Tue, 28 Oct 2025 09:00:00 +1100

US stocks hit all time highs again overnight. The Nasdaq was up 1.8% and the SP500 1.2%. Company earnings are coming in strong, the Fed is in a rate cutting cycle and optimism around the trade spat is keeping the market buoyant. The VIX is now falling well back from the high it hit earlier in the month and the gold price retreated again (-2%). Bitcoin also seems to be stabilising after its recent drawdown.

The ASX is set to open lower. The SPI is down 39 points.

End of Day Report – Monday 27 October: ASX 200 up 37 points | Banks and iron ore miners firm

Mon, 27 Oct 2025 16:00:00 +1100

The ASX 200 rose 37 points to 9056 (0.4%) after flirting with a new record high. Banks came off the early boil somewhat, CBA up 0.8% and the Big Bank Basket up to $291.17 (+0.7%). Financials generally were firm, ZIP up 3.0% and XYZ 1.8% higher. REITS too were a little better, GMG up 0.9% and SCG up 0.2%. Industrials generally were solid, ALL up 1.8% and QAN took off, up 3.4% with BXB also doing well, up 1.2%. COL and WOW slightly better and tech mixed, WTC down 0.6% and XRO up 0.9% as the All-Tech Index rose 0.4%.

In resources, it was a mixed picture, iron ore majors firmed, BHP up 0.7%, gold miners were mixed on quarterly results, NEM continued to see profit taking post the quarterly, down 3.1% and RMS fell 5.7% on quarterly. Rare earths remain under pressure as the US and China edge closer to a trade deal. LYC down 2.4% and ILU off 6.9%. Oil and gas stocks slightly higher, STO up 1.4% with uranium mixed.

In corporate news, NXL dropped 16.8% on the CEO resigning, PNV bounced 3.9% as the chair fell on his sword and VEA fell 4.3% on cigarette sales drop. AUB jumped 12.1% on takeover rumours from Swedish PE.

On the economic front, Chinese industrial companies saw their earnings surge the most in nearly two years.

Asian markets firmed on trade hopes. Japan up 2.1% China up 1.1% and HK up 1.0%.

Pre-Market Report – Monday 27 October: US markets rally | US-China trade deal and Fed this week

Mon, 27 Oct 2025 08:00:00 +1100

Wall St had a strong session on Friday. Inflation numbers coming in slightly lower than expected and company earnings continuing to beat. The market jumping hurdles of the Government shutdown, trade tensions, regional bank jitters, overvaluation concerns and oil sanctions. S&P 500 up 0.79%, closing near the high on average volume. Dow up 473 points. Nasdaq best up 1.15%. Headline CPI hit 3% vs 3.1% expected. The highest level since January. Energy prices the largest contributor. Transportation services had the biggest decline. Shelter flat. Core inflation slightly fell from 3.1% to 3%. No change was expected. Technology the best performer thanks to Big Chips. Alphabet/Anthropic news boosting sentiment (more below). S&P 500 up 1.9% for the week. Nasdaq up 2.3%. ASX 200 up 0.26%.

ASX set to open 26 points higher. US - China trade talks in focus.

End of Day Report – Friday 24 October: ASX 200 falls 14 to finish the week up 24 | Lithium boosted

Fri, 24 Oct 2025 16:00:00 +1100

The ASX 200 drifted 14 points lower to 9019 (0.2%) in cautious trade ahead of the latest US CPI tonight. For the week, we are up around 24 points. Not that exciting, but plenty happening beneath the surface as usual. Banks eased back today with CBA down 0.8% and the Big Bank Basket down to $289.13 (). Other financials also drifted lower, NWL down 2.2% and HUB off 2.1 %. ZIP fell 1.0% and insurers flat too. REITS held firm generally as did industrials. BXB up 0.1% and SGH rising 0.8%. Some buying in tech stocks, WTC up 3.0% and XRO still struggling, up 0.2%. The All-Tech Index up 0.6%. In resources, BHP and RIO rose slightly, FMG down 1.5% and gold miners were generally easier again, NEM quarterly probably not helping, off 4.4%. Lithium had a day out following better than expected quarterly from PLS up 9.1% and LTR up 10.4%. Looks like some more short covering kicking in too. Oil and gas mixed, WDS up 1.0% and STO down 1.2%. Uranium firmed ever so slightly, PDN up 0.1% and DYL off 4%.

In corporate news, CTD released a positive update but still suspended due to past issues. WHC fell 0.4% on its quarterly and CCL gained 1.0% on ACCC approvals with NCK seeing its chair retiring. MGX cratered 26.6% following the recent seismic event on Koolan Island which has now brought forward the closure of the mine. CRN confirmed a roof fall but denied a collapse.

On the economic front, Japanese CPI rose, Trump terminated talks with Canada after an ad and China revealed its cunning plan to revitalise its economy.

Asian markets better Japan up 1.4% China up 1.0% and HK up 0.7%.

10-year yields rise to 4.14%.

European markets opening around 0.1% higher. US CPI in focus.

Pre-Market Report – Friday 24 October: US markets rally, CPI tomorrow | Oil up 5%

Fri, 24 Oct 2025 08:00:00 +1100

End of Day Report – Thursday 23 October: ASX 200 finishes in the green | Energy the standout

Thu, 23 Oct 2025 16:00:00 +1100

Pre-Market Report – Thursday 23 October: S&P 500 down 0.5% | Trade tensions increase again

Thu, 23 Oct 2025 08:00:00 +1100

US shares were down overnight with the Nasdaq (-0.93%) the worst of the major indices. Both the SP500 (-0.53%) and Dow (-334 points) were lower. The Trump administration floated the idea of placing restrictions on software exports to China. The VIX rose (+4%) on higher volume of 24 billion shares traded. Bitcoin was weak again, suggesting risk sentiment continues to moderate. The market is also waiting for the delayed release of US inflation numbers. Seven of the 11 major sectors were down.

End of Day Report – Wednesday 22 October: ASX down 65 points | Resources tumble

Wed, 22 Oct 2025 17:00:00 +1100

The ASX opened down, and has stayed down all day (-0.7%). Energy is the clear winner of the major sectors (+1.32%) thanks to a modest rise in oil overnight and a positive update from WDS (+3.5%). Gold stocks opened sharply lower but mostly held the line for the remainder of the day. No doubt gold will be watched closely from here to see if the correction continues. One item of interest today for lithium is PLS CEO Dale Henderson telling Bloomberg that power storage is helping to offset lower EV sales in the US. He said the energy is growing “leaps and bounds”. The sector should keep growing each year for the next decade. That may have helped PLS finish flat today despite lithium shares overseas down overnight. LTR was down -1.4%. Tech shares got a strong bid with XRO (+1.75%), CPU (+0.43%) and XYZ (2.2%) up and about plus smaller names even better NXL (+3.7%) and WBT (+18.8%). US futures have turned positive since midday.

Pre-Market Report – Wednesday 22 October: Wall Street near flat | Earnings season and hot commodity stocks dominate headlines

Wed, 22 Oct 2025 09:00:00 +1100

US stocks were mixed overnight with the Dow up 0.47%, the Nasdaq -0.16% and the SP500 flat. Volume was average, and the VIX continued its retreat back under 20. Netflix was a notable earnings release. Management reported 17% revenue growth for the third quarter, but even that wasn’t enough to hit expectations. The Netflix team said their ad sales division should double revenue over the next year. Seven of the broader US sectors were down, with Consumer Cyclicals (+1.34%) and Industrials (+0.93%) the strongest. Key US companies Coca-Cola, 3M and General Motors all beat expectations.

ASX set to fall. SPI futures down 47 points (0.52%).

End of Day Report – Tuesday 21 October: Another record high for the ASX

Tue, 21 Oct 2025 17:00:00 +1100

The Aussie market held steady in afternoon trade, with the XJO index closing out the day with a 0.70% gain. Another record high. Gold stocks opened strong, and stayed strong. NST was up 2.87%. One research house today said that the rise in gold is so big that physical bullion is getting close to taking second spot on the ladder of Australia’s biggest exports. Coal and LNG are trending down. Australia is the third largest gold exporter globally, behind China and Russia. The royalty cheques should help sustain our high government spending, believed to be at an elevated 28% of GDP currently. Some of the lustre came out of the rare earth announcement this morning, with early moves in LYC -7.6% and ARU fading. US futures have turned negative as we get closer to the open. That likely moderated some of the early momentum in the Aussie market this afternoon.

Pre-Market Report – Tuesday 21 October: Big Tech is back | Gold rebounds

Tue, 21 Oct 2025 09:00:00 +1100

End of Day Report – Monday 20 October: ASX 200 up 37 points | Banks charge, gold miners lacklustre

Mon, 20 Oct 2025 16:00:00 +1100

The ASX 200 rallied 37 points after a weaker start to 9032 (0.4%) as banks broke on through. With CBA up 2.6% and NAB rising 1.4% and the Big Bank Basket up to $292.49 (+1.9%). Insurers bounced back from Friday’s heavy losses, QBE up 3.7% and IAG rising 2.2% with financials also doing well, CGF up 1.1% and ZIP up 4.3% on quarterly numbers. REITS back in favour, GMG up 0.7% and SCG rising 1.5%. Industrials too were back in demand, BXB rallied 2.0% with REA up 1.2% and WES rising 1.0%. Tech stocks a little better for a change, WTC up 0.9% and XRO putting on 0.3%. Resources were generally weaker, gold miners under pressure again on profit taking, NST down 3.6% and EVN falling 4.9%. Iron ore miners eased, but rare earths were back in vogue. LYC up 6.6% and ARU leading, UP 18.5%. PLS rose 2.2% with DTR up 7.5% on Colosseum news. A better day for oil and gas, STO up 2.6% and WDS gaining 0.7%. Uranium stocks slipped, PDN down 4.9% and DYL in deep red, off 18.8% as the CEO quit!

In corporate news, DRO lost 2.6% as quarterly showed a big revenue jump as expected, ZIP were better than forecast and extended the buyback, BAP crashed 17.7% on operational issues and impairments and a downgrade.

On the economic front, NZ inflation rose to 3%, Chinese GDP came in a 4.8% as expected.

Asian markets bouncing back hard, Japan up 2.9% on political resolution perhaps, China up 0.7% and HK up 2.2%.

10-year yields rise to 4.14%.

European markets opening around 0.3% higher. Results in focus this week.

Pre-Market Report – Monday 20 October: US markets steady, SPI down 7 | Gold eases

Mon, 20 Oct 2025 08:00:00 +1100

Wall St higher overnight as Trump comments on China placated trade fears and regional banks bounced. S&P 500 and Nasdaq up 0.5% on average volume. Both closing near the high. Dow up 238 points. VIX volatility index down 18%. Still above 20 points. It hit its highest level in six months on Thursday night. Trade news dominating headlines in absence of economic data. Trump saying his earlier tweet of 100% tariffs on China isn’t sustainable and still wants to meet with Xi. TACO trade at play yet again. A slight shift in the Russia/Ukraine narrative after Zelenskyy met with Trump. The President appearing more intent on brokering a peace deal (territory concessions) than upgrading Ukraine’s arsenal with Tomahawks.

SPI down 7 - ZIP and DRO out early...

Resources mostly lower as commodity traders had a mixed reaction to Trump’s China and Ukraine comments. Precious metals down on ‘easing trade war fears’ yet iron ore, copper and base metals also down (would typically bounce if trade war fears were overdone).
Gold stocks heavily down as bullion fell 1.5% (still up 5.8% for the week). Platinum and silver even worse.

End of Day Report – Friday 17 October: ASX 200 drops 73 | Gold in focus, insurers hurt badly

Fri, 17 Oct 2025 16:00:00 +1100

ASX 200 fell back to earth, dropping 73 points to 8995 (0.8%). Hot air is escaping from hot sectors today. Banks slid a little with the Big Bank Basket down to $286.96 (-0.2%). ANZ down 0.5% and MQG falling 1.0%. Insurers were smashed on 10-year yields plunging, QBE down 9.3% and IAG off 6.2%. Financials also under some end of week pressure, GMG gave back some gains falling 2.4% and industrials slid. WES down 0.9% and ALL off 1.4%. Tech under pressure again, WTC down 1.8% and XRO off 0.4%. The All-Tech Index off 1.8%. Resources were a mixed bag, gold hit more records, 9 straight weeks of gains! NST up 2.3% and EVN up 1.9% with rare earth companies coming unstuck. LYC fell 5.7%, at least off lows, ILU withdrew guidance, dropping 2.4% and copper stocks fell. BOC having run hard and collapsed today, off 33.8%. Serious profit taking in the hot stocks today, uranium stocks also under some pressure. Oil and gas stocks slipping again, STO off 3.3% and WDS down over 2.6%.

In corporate news, NXG fell 6.1% after raising C$1bn in a global equity offering, VUL dropped 7.7% after a partnership with JordProxa was announced. ERD collapsed 33.6% on an impairment charge related to the US business and guidance downgrade. BHP slipped 0.4% as inventories of Jimblebar fines built up at Chinese ports.

On the economic front, nothing today. Albanese set to meet Trump next week.

Asian markets fall, Japan down 1.3% China down 1.3% and HK down 1.6%.

10-year yields fell to 4.08%.

European markets opening lower.

Pre-Market Report – Friday 17 October: US markets sell off on credit issues | VIX up to 25

Fri, 17 Oct 2025 08:00:00 +1100

Stocks closed lower on Thursday, giving up earlier gains, led by declines in bank stocks on worries about bad loans. Traders also juggled persistent trade tensions and an ongoing U.S. government shutdown. The Dow Jones Industrial Average lost 301.07 points, or nearly 0.7%, to close at 45,952.24. Earlier in the day, the 30-stock index had gained 170 points. The S&P 500 finished 0.6% lower at 6,629.07, giving up a 0.6% gain at the highs of the session. The Nasdaq Composite fell 0.5% to settle at 22,562.54.

Gold soars - SPI down 31

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

End of Day Report – Thursday 16 October: ASX 200 hits a new record | Gold shines, rare earths stagger

Thu, 16 Oct 2025 16:00:00 +1100

The ASX 200 hit record highs today, closing at 9068 up 78 points (0.9%) in a very strong session. Today, it was banks and industrials doing much of the heavy lifting — along with a solid contribution from the gold sector. MQG led the charge, jumping over 5% on the back of news it had sold some of its data centre assets — good news all around. The big kicker came at 11:30 am, with jobs data showing an unemployment rate of 4.5%. That gives the RBA plenty of room to cut rates further on Melbourne Cup Day. Across the industrials, gains were broad-based: WES up 1.3%, WOW up 1.9% , GMG up 4.9% and buoyed by enthusiasm for data centre exposure following Macquarie’s sales. CSL added 1.8%. TLS rose 0.4%. The banks were steady if unspectacular, while insurers and wealth managers shone. HUB soared 10.5%. AMP also rallied 8.5% on the back of a positive quarterly update.

The technology sector, however, missed the memo on record highs — WTC and XRO both slipped around 1.4%, continuing their recent stumbles.

The resources sector was busy once again. BHP edged slightly higher, while FMG and RIO eased. The gold miners were the standout as gold hit fresh record highs. NEM up 3.4% and EVN up 3.3%. The rare earths and lithium stocks came under pressure after Scott Bessent talked of an extension of the 100% tariffs deadline if China eased export restrictions. LYC fell 5.7%. Other rare earth names substantially also weakened in sympathy.

In corporate news, MYX rose 11.3% after it received court approval for its takeover by Cosette, with no wriggle room left — though FIRB approval is still required. RIO is searching for strategic partners to develop a huge copper deposit inBougainville. TWE edged 1.8% higher after its AGM, where Chairman John Mullen discussed ongoing challenges and sales developments in China.

On the economic front, the jobs report confirmed unemployment rising to 4.5%, with a steady participation rate. That combination pushed bond yields lower, the Australian dollar weaker, and equity markets higher — a triple treat for investors heading into Friday and more US results.

Asian markets rise, Japan up 0.5% China up 0.1% and HK down 0.4%.

10-year yields fell to 4.17% on jobs data.

European markets slightly lower. UK GDP today.

Pre-Market Report – Thursday 16 October: US markets up slightly | Gold at records

Thu, 16 Oct 2025 08:00:00 +1100

Continued good news from Wall Street bank earnings in overnight trade. The SP500 closed up +0.40% and the Nasdaq +0.66%. The VIX moderated down -0.82%. Morgan Stanley (+4.7%) and Bank of America (+4.4%) added to the positive earnings released from Goldman Sachs, Citigroup and JPMorgan Chase yesterday. The six Wall Street banks raked in almost US$41 billion in the past quarter, and up 19% from this time last year, according to the Wall Street Journal. The tech capex boom rolls on, with ASML reporting orders of 5.4 billion euros, up 100% on last year. Macqaurie Asset Management has sold data centre assets in a deal with US$40 billion, the biggest ever for this asset class. The buyers part of the transaction include BlackRock, Nvidia and Microsoft. Yields on 30 year bonds and the ten year note were little changed.

ASX set to open flat. SPI down 5 points.

Gold hit is 47th record close of the year at $4,201 per ounce. Silver hit $51 per ounce and is now up 76% in 2025. US Treasury Secretary said the US may considering extending tariff relief to China if they are willing to get rid of their rare earth controls.

End of Day Report – Wednesday 15 October: ASX 200 soars 92 points | Banks and miners fly

Wed, 15 Oct 2025 16:00:00 +1100

The ASX 200 soared 92 points to 8991(1.0%), closing on highs, as bank and resources fired together. The Big Bank Basket back up to $285.59 (+1.5%) with CBA signing up Comyn for another three years and rising 1.5%. NAB up 1.9% and MQG rallying another 1.5%. Other financials also doing ok, HUB up 2.0% and PNI up 1.5%. REITs quiet and insurers slipped slightly. Healthcare better as CSL rose 2.6% and TLX sprinted 16.3% higher on a guidance update. Industrials also found some buyers, WES up 0.6% and CPU rose 2.5% with retail flat. Tech better, WTC up 1.7% and XRO rallied 1.7%. TLS rose 0.4% and TPG up 1.0% as ABB rose 5.2% after the update yesterday.

In resources, the big miners gained again, BHP up 1.8% and FMG up 2.1% with gold stocks slightly higher, EVN fell 2.9% after production numbers, GMD rose 1.6% and some rare earths did well whilst others fell hard. Substance over hot air. IPX up 11.0% and ILU up 4.4% with LRV soaring again, up 29.4%. Oil and gas stocks remain under pressure, STO down 2.2% again, uranium stocks firmed, PDN up 3.2% and NXG up 4.4%.

In corporate news, ORA said its Savreglass acquisition is not meeting expectations. No surprise there really. DRO launched a new software platform called DroneSentry -C2, BOQ raised its dividend and rose 1.4%. 29M with a production update fell 20.8%

On the economic front, Chinese inflation numbers out today.

Asian markets rise, Japan up 1.6% China up 0.2%and HK up 1.3%.

10-year yields fell to 4.23%.

European markets slightly higher. ASML results out this morning.

Pre-Market Report – Wednesday 15 October: US markets mixed and volatile | Gold pushes higher

Wed, 15 Oct 2025 09:00:00 +1100

US stocks were mixed in overnight trade. Both the Nasdaq (-0.76%) and SP500 (-0.16%) declined. That result was better than the initial opening move, which suggested that bigger declines were likely. Argy bargy between the US and China is giving a mixed outlook for the trade war.

ASX set to rise 74 points. BOQ raises dividend. Sarah Hunter (RBA) speaks

Both US indices steadied later in the day. Solid US bank earnings from Wells Fargo and Citigroup no doubt helped sentiment toward both the market and broader US economy. Volume across both markets was average relative to the last month of trading. Oil declined nearly 2% after the International Energy Agency forecast a glut for 2026. Industrial metals in London were down. Gold moved to an all time high of US$4,138.

End of Day Report – Tuesday 14 October: ASX 200 up 17 | Resources go hard, industrials and banks fall

Tue, 14 Oct 2025 16:00:00 +1100

The ASX 200 rose only 17 points today to 8899 (0.2%). But that action belies some extraordinary moves in the resources. Rare earths, lithium, critical metals, and strategic metal plays all soared. ARU up 25.4%, ILU up 15.8% and LYC up 5.0% with second liners flying. PLS up 2.7% and LTR rising 6.9%. Gold miners too in demand as bullion hit fresh records, NST up 2.8% and GMD up 5.4%. Big miners also got the memo, BHP up 2.2% and RIO rising 1.8% after production numbers. Uranium too in demand, LOT up 11.4% on a site visit, PDN up 9.6% on production numbers. Oil and gas in the slow lane as usual. The source of funding for all this buying was banks and industrials. CBA down 0.5% with WBC off 1.2% and the Big Bank Basket down to $281.46 (-0.6%). Insurers also fell, although financials tried to garner some support, MQG up 1.2%. Healthcare eased, REITs fell, industrials slid. WES down 1.2% and ALL off 1.2% with retail under pressure following weaker consumer sentiment data. Tech tried hard to hold, TNE up 1.8% and XRO up 0.5%.

In company news, plenty of production and drilling reports to keep things interesting. SRG rose 29.3% on an acquisition of TAMS. ABB fell 3.1% after reporting 22k new subscribers. BRE jumped 6.8% after a cap raise supported by Rinehart. CSC rose 3.4% after a deal to sell a 25% stake in a Cu-Ag project.

On the economic front, RBA minutes together with ANZ Roy Morgan Consumer confidence numbers.

Asian markets fell, Japan back from a holiday off 2.8%, HK down 1.1% and China 0.8%

10-year yields fell to 4.25%. European markets slightly lower

Pre-Market Report – Tuesday 14 October: US markets rebound, SPI up 27 | Gold soars, silver hits high

Tue, 14 Oct 2025 08:00:00 +1100

US markets recovered their composure in the first trading session for the week. The Nasdaq rose 2.2%, the SP500 2.02% and the VIX index dropped 12%. Bitcoin stabilised around US$115,650. US bond markets were closed for Columbus Day. The technology sector performed the strongest, with notable rises in TSLA (+5.4%) and AVGO (+9.9%). The major US banks are also reporting this week and should provide insight into Main Street America.

ASX set to open higher. SPI futures up 27 points.

Both copper (+3.7% in London) and Brent oil (+1%) bounced after taking a hit last week. Iron ore continues to show resilience even in the face of the escalated tensions over global trade. That helps the outlook for RIO, which released its latest quarterly production update this morning. Watch for any market reaction today. There should be no surprises.

End of Day Report – Monday 13 October: ASX 200 drops 76 points | Gold and rare earths soar

Mon, 13 Oct 2025 16:00:00 +1100

The ASX 200 lost 76 points to 8883 (0.8%) as losses accelerated in the banks as the day wore on. The Big Bank Basket fell to $283.25 (-1.1%). ANZ bucked the trend as it unveiled its new strategy and suspended the buyback. It was up 3.3%. MQG slumped 4.0% and other financials also in the naughty corner, NWL down 4.0% and HUB dropping 5.6%. REITS pretty flat, Insurers slightly lower, SUN down 1.2%. Industrials showed losses with QAN down 1.6%, SGH off 3.1% and ALL falling 2.5%. Retail eased, investors sought refuge in WOW and COL. Tech was hit hard, the All-Tech Index down 2.7% with WTC off another 2.5% and XRO continuing to slide, off 1.5%. REA fell 1.6% and ORG lost 1.6%.

In resources, gold and rare earths were the shining lights, NEM up 2.9% with NST gaining 1.3%. LYC pushed ever higher, ARU gained 18.3% and ILU up 2.3%. Copper stocks slipped, BHP down 0.8% and FMG fell 0.4%. Oil and gas stocks continued to fall, STO down 1.7% and WHC falling 0.9%. Uranium stocks lost a little.

In corporate news, SS1 jumped 18.1% on US news, QAN fell on the leaked data and TWE is having a serious hangover on US and China sales issues, down 15.0%. TOE jumped 38.5% on a takeover from IsoEnergy. For BHP it looks like some progress has been made on the Chinese pricing standoff.

On the economic front, Jim Chalmers made some sensible changes to superannuation. A super-sized backflip with pike!

Asian markets were weaker as expected on Tariff news, Chinese exports though are booming. Japan closed for Sports Day holiday China down 1.7% and HK off 3.0%.

10-year yields fell to 4.29%.

Pre-Market Report – Monday 13 October: US markets slump on Chinese tariff threats | SPI down 84

Mon, 13 Oct 2025 09:00:00 +1100

US stocks accelerated selling into the close after Trump tweeted on new 100% tariffs on China, with the Dow Jones Industrial Average closing down 878.82 points, or 1.9%, at 45,479.60. The S&P 500 lost 2.71% to settle at 6,552.51, while the Nasdaq Composite fell 3.56% to 22,204.43. The broad-based index’s decline was the largest since April 10. Prior to Trump’s comments, stocks were sizably higher, with the Nasdaq hitting a new all-time intraday high.

The VIX spiked above 22 – SPI down 84.

Friday’s declines wiped out the S&P 500′s gain for the week, as the benchmark lost 2.4% for the period. The Nasdaq and the Dow also saw weekly losses of 2.5% and 2.7%, respectively.

Beijing blames US for raising trade tensions, defends rare earth curbs.
ASX to follow Wall Street lower as tariff anxiety returns to markets.
Ukraine hit Russian energy sites with US help.
Kremlin warns the West over 'dramatic' escalation moment in Ukraine war.
Rio Tinto poised to shut Australia’s biggest aluminium smelter Tomago.

End of Day Report – Friday 10 October: ASX 200 drops 12 points | Gold miners hit, rare earths down

Fri, 10 Oct 2025 16:00:00 +1100

The ASX 200 fell 12 points to 8959 (0.1%) in quiet trade again ahead of the US reporting season. Down 29 points for the week. Banks were firm as CBA rose 0.6% and NAB up 0.6% with ANZ being in trouble for its culture again. The Big Bank Basket rose to $286.43 (0.5%). MQG lost 0.8% on a GS downgrade. L1G continued to fly following its FUM and merger with PTM. NWL rose 5.3% as a broker upgraded. ZIP ran 2.1% and PNI rose 3.5%. REITs steady, industrials were better, QAN up 1.9% and JBH rising 2.3% with some tech stocks rallying, TNE up 2.4% and XRO finding some support rising 1.2%. The All-Tech Index up 1.3%. TLS continued to push higher. Resources were under pressure with BHP down 2.1% and RIO off 1.7%. Gold miners suffered as bullion dropped back below $4000. NST down2.1 % and NEM off 2.9%. Most gold miners rallied off earlier lows. Rare earths also came in for some profit taking as its Friday. LYC down 3.8% and ILU off 3.2%. Lithium stocks slipped too. No good news in oil and gas either, WDS down 1.2%. Uranium stocks mixed, DYL up 2.5% and PDN off 1.6%.

In corporate news, MIN saw a new NED, DGT gained 1.3% on the CEO stepping down. MAC to be delisted following the Harmony Gold takeover.

In economic news, Michele Bullock appeared before a Senate Committee.

Asian markets ease, Japan down 1.2%, China down 1.4% and HK down 1.1%.

10-year yields up to 4.36%

Pre-Market Report – Friday 10 October: US markets take a breather | Gold slips, rare earths in focus

Fri, 10 Oct 2025 08:00:00 +1100

US stocks fell overnight and the Aussie futures market went mildly down in sympathy. The Nasdaq did lift from its intraday low in late trade. Both bitcoin and gold fell too. Most eyes will likely be on rare earth shares today as China adds to its restrictions and conditions around the metals. China controls approximately 80% of the rare earths market and uses it as leverage in trade negotiations. Copper stocks could continue to rally today after another strong session for the metal in London.

ASX set to open lower. SPI down 38 points. Gold slips - Rare earths push higher.

End of Day Report – Thursday 9 October: ASX 200 up 22 points | Gold and copper in focus

Thu, 09 Oct 2025 16:00:00 +1100

The ASX 200 closed up 22 points at 8970 (0.3%) in somewhat lacklustre trade. Banks slid led by CBA down 1.3% and the Big Bank Basket down to $284.98 (0.9%). NAB also down 1.4% with other financials firming. REITS slipped slightly, GMG down 0.5% and SCG off 0.3%. Industrials mixed and uninteresting, QAN rose 1.1% and TLS gained 0.8% with REA bouncing 1.2%. WOW and COL also better. Healthcare mixed, SIG up 3.1% and RMD down 1.2%.

In resources, copper stocks on a roll, BHP up 2.9% and RIO up 1.6%. Rare earth stocks also in demand on Chinese moves again, LYC up 5.3% and ILU up 2.5%. S32 continues to power ahead up 5.7% and IGO rose 2.4%. Gold miners were mixed, EVN up 0.8% and CMM rising 0.9%. SFR in the copper space rose 5.3%. Uranium stocks slipped slightly, PDN rose 1.1% as the SPP closes today. Oil and gas flat.

In corporate news, GYG announced a $100m buyback. ELD drooped 1.0% on a downbeat trading update. BRE jumped 8.6% on an agreement to supply specialist Carester. Nothing on the economic front.

Asian markets back in full flight, Japan up 1.4%, China up 1.6% and HK up 0.3%

10-year yields ease to 4.35%

Pre-Market Report – Thursday 9 October: US markets kick again | Gold soars above $4000

Thu, 09 Oct 2025 08:00:00 +1100

HEADLINES

S&P 500, Nasdaq end higher as tech strength outweighs Fed concerns
ASX to rise, Wall Street renews rally; gold, silver stocks in focus – AFR
Investors set to reignite yield curve steepening if fiscal worries worsen
IMF chief says global economy doing 'better than feared,' risks remain
France's Macron will appoint new prime minister in next 48 hours
Markets face 'sharp correction' if mood sours on AI or Fed freedom, Bank of England says
Fed last month saw rising risks to job market, but remained wary on inflation

SPI up 38

End of Day Report – Wednesday 8 October: ASX 200 falls 9 points | Gold breaks $4000

Wed, 08 Oct 2025 16:00:00 +1100

The ASX 200 closed down 9 points at 8948 (-0.1%) in listless trade. Industrials remain under pressure, WES off 2.2% and ALL down 1.3% with retail falling as APE dropped 2.0%. Tech also in the doldrums, WTC falling another 0.4% and XRO off 1.7%. The All-Tech Index down %. TLS slid 1.0% and REA down again. Banks eased slightly with NAB down 0.4% and the Big Bank Basket down to $287.45 (-0.4%). MQG falling again. REITs off, GMG down 0.7% and GPT down %.

Resources holding up, but mixed. BHP down 0.2% with RIO positive. Lithium stocks did ok, PLS up 3.9% and LTR rallying another 6.2%. Gold miners eased despite bullion soaring through US$4000. VAU fell 1.4% and NST down 0.2%. Uranium slightly higher, PDN up 0.9% and oil and gas going nowhere in a hurry. KAR down another 2.9%.

In corporate news, JHX rallied 9.9% on better-than-expected US sales numbers. MFG rallied 0.9% on better FUM news. DRO announced some software improvements, up 7.8%. And NWH rallied 3.0% after it upgraded guidance.

Nothing on the economic front. The RBNZ cut rates 50bps to 2.5% Asian markets quiet Japan down 0.3% HK down 1.1% with China closed. Reopens tomorrow.

10-year yields ease to 4.36%

Pre-Market Report – Wednesday 8 October: US markets slip | Oracle and Tesla fall

Wed, 08 Oct 2025 09:00:00 +1100

The S&P 500 struggled on Tuesday, bogged down by a drop in Oracle shares amid investors’ worries about the profitability of the artificial intelligence rollout. Wall Street also looked for more developments out of Washington with the U.S. government shutdown in its second week.

The broad market index pulled back 0.38% to close at 6,714.59, snapping a 7-day winning streak, while the Nasdaq Composite fell 0.67% to finish at 22,788.36. The Dow Jones Industrial Average fell 91.99 points, or 0.2%, to end at 46,602.98.

SPI down 1.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

End of Day Report – Tuesday 7 October: ASX 200 closes down 25 points | Gold hits AU$6000

Tue, 07 Oct 2025 16:00:00 +1100

The ASX 200 slipped 25 points to 8957 (-0.3%) in a mixed session. Banks clawed back early losses, CBA unchanged and the Big Bank Basket at $287.46 (%). Financials were a little mixed, ASX fell 1.4% and CGF rose 2.4%. GQG fell 6.1% as tech rallied in the US. GQG is not a fan of AI strategy. Industrials eased, ALL down 1.3% and WES falling 1.3% with retailers under a little pressure. MYR unchanged as Lew moved to another 3% of the company. Tech slipping still, XRO down 0.2% and WTC falling 2.8%. The All-Tech Index down 0.7%. Healthcare fell back, SIG down 1.7% and RHC off 0.3%. Resources were mixed too. Gold miners seeing a pause in enthusiasm despite AUD gold prices above $6000. GGP rose 9.7% on a production update. EVN slipped 0.1% and NEM managed only a 0.4% rise. Lithium stocks better, PLS up 0.4% and LTR rising 1.6% with S32 doing well up 4.3% as the US government took a 10% equity position in its partner in Alaska. Uranium stocks pushed higher as oil and gas stocks fell, STO down 0.6% and KAR off 3.7%. Coal stocks lid, WHC down 2.7%.

In corporate news, WEB had a trading update and gained 3.0%, SBM collapsed 11.0% as it raised fresh funds. DRO down 3.7% after it announced a new $13m R&D facility in Adelaide. RIO announced a $1.1bn iron ore mine expansion with its Japanese partners.

Nothing on the economic front. Asian markets better, Japan up 0.5%. HK down 0.7% with China closed.

10-year yields ease to 4.38%

Pre-Market Report – Tuesday 7 October: US markets hit new records | AMD soars, gold races ahead again

Tue, 07 Oct 2025 08:00:00 +1100

S&P 500, Nasdaq reach all-time closing highs on AI dealmaking boost
ASX to rise, AMD paces tech rally on Wall Street – AFR
White House says no shutdown-related layoffs yet, but warns they could come
US unemployment claims rise moderately amid labor market freeze
Talks begin in Egypt on Trump plan to end Gaza war
Trump imposing new 25% large truck tariff starting Nov. 1
Euro zone inflation risk declining but ECB cut still possible, policymakers say
BOJ keeps cautiously upbeat economic view, warns of wage uncertainty

ASX set to rise. SPI futures up 10 points or 0.1%. - Gold continues higher - Oil up too

End of Day Report – Monday 6 October: Record high hit today | Gold and rare earths boom again

Mon, 06 Oct 2025 17:00:00 +1100

Pre-Market Report – Monday 6 October: ASX set to open higher despite Wall Street flat

Mon, 06 Oct 2025 09:00:00 +1100

Wall Street had a mixed session on Friday night. Dow Jones up 239 points to a new record high. S&P 500 flat. Nasdaq 0.3%. All three indices losing morning gains to close near the low. The US government shutdown prevented the release of nonfarm payrolls data but a survey by the Institute for Supply Management showed a fourth consecutive month of contraction, keeping hopes of further rate cuts alive. Mixed sector performance. Healthcare led, strong week from the sector, as pharmaceutical companies follow Pfizer’s lead and negotiate tariff exemptions from the Trump administration. Utilities and Financials also in the green. Growth stocks suffered, with Tech and Cyclicals being the only two losers.

End of Day Report – Friday 3 October: ASX 200 up 42, 2.3% for the week | Gold pauses, tech rallies

Fri, 03 Oct 2025 16:00:00 +1000

The ASX 200 kicked another 42 points higher at 8987 (0.5%), heading towards records. Banks were solid, CBA up % and ANZ up %. The Big Bank Basket up to $288.49 (+0.4%). Wealth managers kicked too, MQG up 1.8% and NWL rising 1.0%. Insurers slid slightly, QBE down 1.4% and MPL off 0.8%. REITs ok, DGT pushed 11.7% higher on a company upgrade. Healthcare was once again doing ok, CSL up 0.8% and RMD up 3.0%. Tech also rallied, WTC up0.3 % and XRO finding buyers up 1.7%. Retail better too, JBH up 0.8% and APE rose 17.9% after trading resumed on the Canadian acquisition.

Resources were flying in places, LYC up 3.1% and MEI up 14.3% on an announcement, Gold miners took a moment, NST down 1.7% and EVN off 1.5%. The Big Three iron ore miners rose slightly with oil and gas down, STO off 2.2% and uranium taking a pause. Lithium stocks gained again, PLS up 2.4% and IPX up 3.9%.

In corporate news, TLS fell 0.6% on a $18m fine from the regulator. KLS rose 1.4% as some ferry launches were pushed back. MSB surged 8.7% as its Ryoncil got formal recognition.

Nothing on the economic front. Asian markets better, Japan up 1.8%. HK down 1% with China closed.

10-year yields steady at 4.33%

Pre-Market Report – Friday 3 October: US pushes slightly higher | Gold pauses, oil falls again

Fri, 03 Oct 2025 08:00:00 +1000

Wall Street reached record highs with modest Thursday gains despite the US government shutdown, as Tech helped boost US indices. S&P 500 up 0.1%, Nasdaq rose 0.4%. Dow rose at the open but then began to fall, troughing at about 11:15am, steadily rising from there onwards. Closed in upper mid-range, up 79 points. Mixed sector performance. Materials and Tech the primary drivers with Meta rising 1.4% and Intel gaining 3.8%. Energy and Cyclicals the laggards. The former followed oil downward, as oil hit a four-month low over excess supply concerns, while Tesla weighed on Cyclicals, dropping 5.1% as EV credits expired in the US.

ASX to fall. SPI futures down 7 points (-0.08%).

End of Day Report – Thursday 2 October: ASX 200 up 100 points | Gold, banks and CSL

Thu, 02 Oct 2025 16:00:00 +1000

A very solid day with the ASX 200 up 100 points to 8946 (1.3%). Most sectors firing. Banks on mortgage growth, resources on commodity prices and CSL on pharma tariff news perhaps? CBA rose 1.7% despite some IT issues, the Big Bank Basket rose to $287.36 (+1.5%). Wealth managers also doing well with GQG up 3.8% and PNI rising 2.6%. PPT up 6.9%. Insurers also firm. REITs sprinted away led by GMG up 2.2% and healthcare had a great day with CSL breathing a small sigh of tariff relief perhaps, up 3.%. Industrials were mixed, QAN up 0.7% with WTC falling another 0.9% as XRO found some support. REA dropped 1,9% as it made an acquisition, looking a bit worried about its CoStar.

Resources were strong as BHP bounced 1.1% and RIO and FMG firmed. Gold miners were back in demand with NST up 3.9% and NEM up 1.7%. GMD ran 3.5% higher. Lithium stocks also doing well, MIN up 4.2% and PLS up 5.1%. Uranium too bid up, LOT up 7.1% and PDN up 5.9%. Some notable losers today in DRO, EOS and 4DX after death- defying rally comes to an end.

In corporate news, A1N rose 0.9% on its CEO stepping down. JHX up 1.2% as it defended the indefensible on salaries and incentives. BSL shuffled its board ahead of AGM. On the economic front, the trade balance shrank sharply as gold shipments fell hard. Asian markets muted as China National Day takes precedence. Japan up 1.1%.

10-year yields steady at 4.34%

Pre-Market Report – Thursday 2 October: US markets creep higher | Gold record

Thu, 02 Oct 2025 08:00:00 +1000

Wall Street recorded another positive session despite the US government shutdown and weaker-than-expected private payrolls data. S&P 500 up 0.3%, Nasdaq rose 0.4%. Dow fell at the open but quickly rebounded, occasionally rising but unable to maintain its strength. Closed with modest gains, mid-range, up 43 points. Mixed sector performance. Healthcare the standout again, up over 3.0%. Continued the rally from the previous day after news that Trump and Pfizer had cut a deal, lower prices for the Medicaid program in exchange for tariff relief. Utilities and Cyclicals also contributed positively to gains. Financials and Materials were the laggards, both down over 1.0%.

ASX to rise. SPI futures up 48 points (+0.54%).

End of Day Report – Wednesday 1 October: ASX 200 falls 3 points | BHP down 2.5% on China halt

Wed, 01 Oct 2025 16:00:00 +1000

The ASX 200 slid a mere 3 points to 8846 as the US government shutdown weighed on sentiment. BHP under pressure from the off on news of a halt to iron ore sales in China, falling 2.5% with RIO up 0.5% and FMG doing well, up 1.4%. Lithium stocks under pressure on CATL news of a reopening, MIN fell 3.8%, LTR off 10.7% and PLS falling 6.4%. Copper stocks mixed, SFR up 1.6% and gold miners mostly firm, new record highs for bullion. NST up 0.8%, GMD up 0.7% and WGX rising 10.7% on its 3-year plan. Uranium eased and oil and gas mixed, STO up 0.5%.

Banks eased back slightly, CBA up 0.1% with the Big Bank Basket down to $283.09 (-0.1%). Financials found some friends, SOL up 5.4% and MPL rising 0.6%. Healthcare better, CSL up 0.3% and RMD rising 0.8%. Industrials mixed, BXB up 1.3% with TLS rebounding 0.6%. Retail stocks eased a little, tech mixed, WTC up 0.6% and XRO up 0.6%.

In corporate news, BVS soared 18.2% on guidance improving. APE in a trading halt pending a capital raise and a Canadian acquisition. ASB jumped 5.8% on a US Naval agreement.

On the economic front, nothing locally. Asian markets muted as China National Day takes precedence. Japan down 1%.

10-year yields drifted higher to 4.35%. US Futures down 0.5% on shutdown.

Pre-Market Report – Wednesday 1 October: US markets push higher ahead of shutdown | BHP in focus

Wed, 01 Oct 2025 08:00:00 +1000

Wall Street recorded another positive session despite markets preparing for a US government shutdown and delays to key economic data releases such as the jobs report on Friday. S&P 500 up 0.4%, Nasdaq rose 0.3%. Dow was choppy from open but found strength in the last hour. Closed near high, up 82 points. Broadly positive sector performance. Healthcare the best performer, boosted by Pfizer rising 6.8% after Trump said he’d cut all prices in Medicaid for lowest-income Americans and expected other pharmaceutical companies to follow suit. Industrials and Materials also contributed positively to gains. Energy followed oil down as +OPEC plans a supply hike, while Financials and Cyclicals rounded out the negative performers.

ASX to open flat. SPI futures down 5 points (-0.06%).

End of Day Report – Tuesday 30 September: ASX falls 14 points | RBA keeps rates on hold

Tue, 30 Sep 2025 16:00:00 +1000

The ASX 200 gave up early gains to close down 14 points at 8849 (0.2%). Banks eased back with CBA down % and ANZ falling % as the Big Bank Basket dropped to $283.23 (-0.6%). Insurers gave back yesterday’s gains. QBE down 0.7% and SUN off 0.8%. Other financials also eased slightly. REITS rose, GMG though fell 0.8%. In the industrials, TLS dropped another 1.4% and tech was mixed, WTC down another 3.0%. XRO finally finding some friends. Up 0.1%. Healthcare mixed as CSL flat after CFO retired.

In resources, copper and gold continue to dominate, BHP and RIO had good days up 1.5% and 0.6% respectively. Gold once again shone bright, NST up 1.2% and EVN rising %. NEM is in for a C-Suite change and fell 2.3%. Base metal and copper stocks doing well again. Oil and gas falling hard on crude prices, WDS down 1.7% and STO off 2.5%. Nothing much happening in uranium stocks.

In corporate news, SWM and SXL are set to merge. RBD up 59.3% on a takeover approach. And SGR rose 1.1% after it finalised a deal with its lenders.

On the economic front, the RBA left rates unchanged. Bullock said ‘we’re close’ to getting economy back in balance. But we need to be cautious about inflation. Chinese PMI came in below forecasts.

Asian markets mixed, China up 0.3%, HK up 0.3% - Japan down 0.2% on PM uncertainty.

10-year yields steady at 4.34%.

Pre-Market Report – Tuesday 30 September: US markets drift higher | RBA in focus

Tue, 30 Sep 2025 08:00:00 +1000

Wall Street recorded a positive session as markets were unmoved by a potential US government shutdown over funding issues and hawkish commentary by FED officials. S&P 500 up 0.3%, Nasdaq rose 0.5%. Dow dropped at open, was choppy for much of the session, but found strength from about 1:30pm and steadily rose throughout the remainder of the day. Closed near high, up 69 points. Broadly positive sector performance. Energy the only negative performer, followed oil down on reports of +OPEC increasing supply. Cyclicals the best performer, boosted by a 1.1% rise in Amazon after it settled a FTC lawsuit for $2.5Bn over Prime sign-ups and cancellation difficulties, biggest civil penalty in FTC history. Industrials, Materials and Healthcare also contributed to the broad-based positive sector performance.

ASX to rise. SPI futures up 15 points (+0.17%).

End of Day Report – Monday 29 September: ASX 200 up 75 | Gold and banks flying, tech soggy

Mon, 29 Sep 2025 16:00:00 +1000

The ASX 200 kickstarted the week in style up 75 points to 8863 (0.9%). Gold was once again leading the charge as it pushed through US$3800, NST up 3.1% and NEM rising 4.0%. EVN also turned in a good day up 4.4%. Iron ore miners were a little floppy on steel demand in China and looming 7 -day holiday. FMG fell 2.1%. Copper and other base metal stock continue to push higher, 29M up 4.8% and MLX up 4.1%. Rare earth stocks saw profit taking, ILU down 3.9% and LYC modestly off. Energy stocks saw sellers, KAR down 1.7% and PDN falling 2.4% with WHC off 3.4%.

Banks were firm today ahead of the RBA. CBA soaring 2.2% with WBC up 2.0%. MQG recovered 1.3% with other wealth managers also better, NWL up 2.1% and insurers rallied, QBE up 1.6% and IAG up 1.3%. Healthcare was firm as CSL traded 2.5% higher on tariff hopes, RMD up 1.2% and MSB up 0.8%. REITs lacklustre, tech eased back in places, WTC down 1.2% and TNE up 1.5%. Retailers were flat, APE off 0.6% and SUL down another 1.0%. ALL a bright spot up 2.0%.

In corporate news, MIN was down 0.8% on haul road news, SM1 up 10.4% on the sale of its North Island assets, and BVS rose 2.5% on a new CEO.

Nothing on the economic front, RBA tomorrow.

Asian markets mixed, China up 2.1% Japan down 1% on PM uncertainty.

10-year yields easing to 4.34%.

Pre-Market Report – Monday 29 September: US markets break losing streak | Gold and silver shine

Mon, 29 Sep 2025 08:00:00 +1000

Wall St snapped its three-day losing streak overnight as the PCE price index came bang in line with expectations, quickly reigniting hopes of at least two rate cuts by the end of the year. Consumer spending slightly countered this view, surprising to the upside and reinforcing Thursday’s GDP revision. Bond yields down, USD down, gold up, equities up. S&P 500 up 0.59% on low volume. Dow Jones up 300 points. Nasdaq underperformed. Up 0.44%. The rally initially dented as Consumer Sentiment came in lower than expected before stocks rebounded to close on a high. The inflation print outweighed news of Trump announcing tariffs on pharmaceuticals, heavy trucks and furniture. All three indices logged their first week of losses in a month albeit minimal damage. S&P 500 -0.31% vs the ASX 200 +0.16%. Dow Jones down 68 points. Nasdaq down 0.65%.

SPI up 21 - RBA tomomorrow.

End of Day Report – Friday 26 September: ASX 200 up 15 | CSL falls on tariffs, resources continue higher

Fri, 26 Sep 2025 16:00:00 +1000

The ASX 200 finished the week up 15 points to 8788 in range bound trade. Up 15 points for the week! PCE tonight in the US. Banks firmed with the Big Bank Basket up to $279.52(+0.7%). CBA up 0.7% with insurers better too, QBE up 1.2% and SUN rising 1.5%. REITs still under some pressure. GMG down 0.9%. Wealth managers still struggling from recent fund failure pessimism. HUB down 4.2% and NWL off 2.9%. Industrials generally becalmed, TCL down 0.9% with CPU down 1.8% and SGH falling 0.5%. ORG fell 2.7% with tech struggling. The All-Tech Index down 0.6%.

Resources were once again the place to be. Maybe not the leaders, but the second tier was on a tear. DTR up another 17.5% with VUL doing well on a new German geo-thermal deal, up 15.6%. Gold miners rose, WGX up 2.9% and GGP rising 0.4%. NST up 0.4% as Goldfields sold down. Copper stocks were also strong, AIS up 13.1%. Few buyers creeping back in to uranium, NXG up 3.1% and DYL up 1.5%. Oil and gas stocks eased slightly.

In corporate news, CSL fell hard early on tariff news, it did rally from lows, down 1.9% at the close. MSB said no effect from tariffs. Still fell 3.6%. GOR is no longer as Goldfields wraps up its acquisition. IPX rallied hard on a new US government contract. Up 6.1%.

On the economic front, nothing locally. All eyes on the RBA next week. No change expected.

In Asian markets, Japan down 0.6%, China off 0.3% and HK off 0.4%.

10-year yields pushing higher to 4.39%.

Pre-Market Report - Friday 26 September: Wall Street down on strong US GDP | Futures up 8 points

Fri, 26 Sep 2025 09:00:00 +1000

Wall Street recorded a third consecutive day of losses as markets digested mixed economic data, with initial jobless claims rising by 14,000 to 218,000 while other data showed the US economy grew faster than previously estimated in Q2. S&P 500 down 0.5%, Nasdaq fell 0.5%. Dow dropped at open, recovered, and from 11am oversaw a choppy session downward. Closed near middle of range, down 174 points. Primarily negative sector performance. Healthcare, Cyclicals, Utilities and Materials, all recorded losses of over 1.0%. At the opposite end, Energy was once again the biggest gainer, third consecutive day, Russia limited fuel exports and Q2 US GDP revised up. Financials also made modest gains.

End of Day Report - Thursday 25 September: ASX 200 up 9 points | Copper shines

Thu, 25 Sep 2025 16:00:00 +1000

The ASX 200 shrugged off a negative lead and rose 9 points to 8774 (0.1%) as resources kept the dream alive. Copper stocks were the go. BHP and RIO leading the charge, 3.6% higher as Grasberg issues pushed the focus onto supply issues. S32 also ran 2.7% and SFR was a standout up 7.6%. MIN rallied % as lithium stocks found a little love. FMG unchanged. No copper. Gold miners were sold down in some profit taking, GMD off 2.3% and WGX falling 5.4%. EVN unchanged on its copper exposure. Oil and gas better as crude pushed higher on geopolitical issues, WDS up 2.5% and STO rising 2.1%. Uranium stocks took a breath.

Banks were solid with the Big Bank Basket rising to $277.65 (). MQG got a $321m agreed to reimburse customers involved in its Shield Master Trust problems, insurers lid, QBE down 1.2% and SUN off 3.0%. NWL continued to struggle on the Sentier issue. Industrials were easier, BXB fell 1.2%, QAN dropped 0.8% and WOW and COL both fell close to 0.8%. REITs under pressure, GMG down 1.1% as rates rose slightly following the CPI yesterday. Tech mixed, WTC up 0.2% and healthcare sliding, RMD down 2.6% and RHC off 1.8%.

In corporate news, NEC announced its chair will retire after AGM. PMV reported slightly better than expected results, but Smiggle has some issues. WDS signed a deal with the Japanese for liquid hydrogen deliveries.

Nothing on the economic front. Asian markets slightly firmer, China up 0.7%. Japan up 0.2%, HK unchanged.

10-year yields pushed up to 4.33%

Pre-Market Report Thursday 25 September: Second consecutive day of losses | Freeport-McMoRan falls 17%

Thu, 25 Sep 2025 08:00:00 +1000

Wall Street recorded a second consecutive day of losses as markets continued to digest Powell’s comments from earlier in the week, that equity valuations seemed slightly stretched and the Fed was walking the tightrope between a weakening labour market and persistent inflation. S&P 500 down 0.3%, Nasdaq fell 0.3%. Dow fell steadily throughout the first hours of trading and found its floor around noon. Closed near low, down 172 points. Mixed sector performance. Materials, REITs and Tech the three worst performers. Materials was dragged down by Freeport-McMoRan which fell 17% after declaring force majeure at its Grasberg mine in Indonesia. At the opposite end, Energy was once again the biggest gainer, followed oil up as US stockpiles tightened, hit 7-week high. Cyclicals and Utilities also did well.

ASX to fall. SPI futures down 45 points (-0.51%).

End of Day Report – Wednesday 24 September: Big Four rally evaporates | Tech under pressure

Wed, 24 Sep 2025 16:00:00 +1000

The ASX 200 has finished the day down 81 points or 0.9%. Ending on the session low as the midday inflation linked sell-off continued into the close. Financials worst as yesterday’s Big Four rally evaporated. Banks down between 1.4% and 3.2%. MQG down 1.8%. Insurers escaped, most flat. Stock market stocks mixed but mostly down. GQG flat. PTM -2.1%. HUB -3%. Health Care, Discretionary Stocks and Tech stayed under pressure. CSL down 1.3%. PME and TLX reversing strong sessions yesterday. Both down over 3%. No major damage in Discretionary names as the prospect of even one rate cut was slightly dampened. JBH and HVN only down around 1%. GYG worst down 3.1%. WTC worst of the tech names. Failing to recover from its results drop. TNE best up 1.2% on positive broker commentary. CDA also in the green as defence stocks rose. DRO now up over 13% in two days.

Pre-Market Report – Wednesday 24 September: US markets slip | Gold up again

Wed, 24 Sep 2025 08:00:00 +1000

Wall Street recorded a negative session, ending three days of record high closes, following a Powell speech where he left the door open to further rate cuts while emphasising the Fed had to balance inflation concerns with a weakening labour market. S&P 500 down 0.55%, Nasdaq fell 0.95%. Dow jumped in the first fifteen minutes of trading but fell from there. Closed near low, down 89 points. Mixed sector performance. Cyclicals and Tech led the sell off, with Amazon falling 3.0% and Nvidia down 2.8%, the biggest two drops of the major names. Materials also down and every other sector was flat or up. Energy was the biggest gainer, followed oil up on Kurdish supply constraint issues. Rate sensitive sectors also did well with REITs and Utilities making gains.

ASX to fall. SPI futures down 30 points (-0.34%).

End of Day Report – Tuesday 23 September: ASX 200 up 35 points | Gold shines, banks blossom

Tue, 23 Sep 2025 16:00:00 +1000

The ASX 200 rallied another 35 points to 8846 (0.4%). Gold once again the star of the show with good gains again in the sector. NST up 3.2% and GGP up 4.4% some of the stand outs. LYC had a great day following an ASA Presentation up 8.0%. Other critical metal and rare earth stocks also finding friends. ILU up 3.4% and VUL up 3.3%. Iron ore stocks mixed, FMG gave back some of the gains from yesterday down 1.1%. Oil and gas stocks slid, STO down 0.9% with uranium stocks doing better again today, PDN up 2.4% and LOT up 2.3%. Banks were back in demand today, CBA up 0.8% and NAB doing well with the Big Bank Basket up to $283.07 (0.8%). SOLDA put on 2.1% with insurers mixed. Industrials mixed too, CPU dropped 2.1% with QAN down 1.1% and supermarkets also seeing selling. Retail was mixed, MYR dropped 25.0% on results, JBH up 1.2%. Tech uninspiring, WTC and XRO going nowhere fast.

In corporate news, CTT founder has been back buying stock. TLX rallied 9.2% on good news on transitional pass-through payment status. AEL in a trading halt raising $150m.

Nothing on the economic front.

Japan closed for a holiday. HK hit 1.3% and a Typhoon. China down 1.1%.

US futures slightly mixed.

Pre-Market Report – Tuesday 23 September: US markets push ahead again | Gold soars

Tue, 23 Sep 2025 09:00:00 +1000

Wall Street recorded a third straight session of record high closes, as AI sentiment boosted the market. Shrugging off Trump’s weekend bombshell of $100,000 fees for future H-1B visas, which much of the sector relies on. Tech instead focused on news of Nvidia’s $100Bn investment into OpenAI, boosting the chipmaker by 3.9%, and Wedbush’s price target rise for Apple (+4.3%) given strong demand signs for the iPhone 17. S&P 500 up 0.4%, Nasdaq rose 0.7%. Dow steadily rose in the first hour of trading and remained stable at that level for the rest of the session. Closed toward high, up 66 points. Mixed sector performance. Utilities the standout, followed by Tech and REITS. At the opposite end, Staples and Cyclicals struggled, the latter weighed down by Amazon’s 1.7% drop.

ASX to rise. SPI futures up 17 points (+0.19%).

Resources mixed. Oil steady as Iraq shipments rise and demand concerns linger. Copper and zinc up, nickel and aluminium down.

End of Day Report – Monday 22 September: ASX 200 up 37 as resources rally | Banks go nowhere

Mon, 22 Sep 2025 16:00:00 +1000

The ASX 200 rose 37 points to 8811 (0.4%) as gold miners and iron ore players rallied hard. BHP up 1.0%, FMG flying up 3.2% with gold miners impressive. NEM up 4.7% and NST rallying hard up 8.2% with EVN up 6.3%. Stand outs GMD up 13.9%. Uranium stocks also firmed, NXG up 5.7% and PDN rising 4.7%. Lithium stocks a little depressed. Oil and gas mixed, VEA fell 8.1% on management changes, STO up 0.4% on a broker upgrade. Industrials were on the sidelines mainly, WES fell 0.2%, ALL up 0.2% and retail eased. TPW down 4.3% and NCK off 2.3%. Tech slightly firmer, WTC up 0.5% and MP1 up 3.4% on a broker upgrade. Banks eased with CBA down 0.4% and NAB off 0.3% with the Big Bank Basket down to $280.80 (%). Wealth managers also saw some selling again. REITs eased. Utilities perked up with ORG up % and APA rising %.

In corporate news, SPL roared 73.1% ahead on a licencing deal with Roche. PYC rehired its MD and rose 16.2%, REH jumped 14.2% on news of a $250m buyback. On the economic front, RBA governor was giving testimony to a Standing committee in Canberra.

Asian markets mixed again, HK down 1.3%, Japan up 1.1% and China down 0.1%.

10-year yields rose to 4.27%.

Pre-Market Report – Monday 22 September: US markets head higher | Gold soars

Mon, 22 Sep 2025 08:00:00 +1000

Wall St finished last week with another gain in a largely uneventful session. Big Tech leading all three major indices to fresh record highs. S&P 500 up 0.5% on heavy volume. Nasdaq up 0.72%. Dow Jones up 173 points. Traders digesting the monetary policy outlook as Stephen Miran justified his FOMC vote. The lone 50bp dissenter argued a neutral interest rate (neither tight nor loose) is the correct setting for an economy with ‘no inflation risk’ – prompting a debate over relaxation of the Fed’s 2% inflation target. S&P 500 up 1.2% for the week, Nasdaq up 2.2% vs the ASX 200 down 1%. Bond yields on the longer end rose 2-3bp while the USD gained for a third session (AUD down 0.3%). US government shutdown risk back in the headlines after the Senate rejected the latest funding bill. Democrats opposing the bill due to lack of Health Care funding.

SPi up 24 - Gold soars - Bullock speaks today.

End of Day Report – Friday 19 September: Flopped into the weekend | Lost 50 off our high

Fri, 19 Sep 2025 17:00:00 +1000

Pre-Market Report – Friday 19 September: Record highs in the US | Big Tech fly, Resources die

Fri, 19 Sep 2025 09:00:00 +1000

End of Day Report – Thursday 18 September: Energy drags the ASX down 73 points

Thu, 18 Sep 2025 17:00:00 +1000

The ASX 200 has finished the day down 73 points or 0.8%. Midday rally fizzling out despite US futures rallying. Weaker than expected jobs number not having any impact. Energy stayed worst with STO down 11.9%, WDS down 6.3% and KAR down 3.5%. STO closing 3% below its pre-bid price from June. Utilities, Industrials and Financials next. ORG down 2.6%. TCL down 2.3%. Banks flat save for the CBA down 2.3%. Asset managers GQG, MFG (broker downgrade) and PTM down while wealth platforms HUB and NWL rose. MQG quiet despite headlines. Tech remained the only sector to eek out a gain. WTC, XRO and CDA failing to rally on strong futures but every other major name finished positive.

Pre-Market Report – Thursday 18 September: US markets slip on Fed cut | STO plugged and abandoned!

Thu, 18 Sep 2025 08:00:00 +1000

Wall Street recorded a choppy and mixed session as the Fed cut rates by the expected 25bps and Powell signalled a further two rate cuts this year, citing a weakening labour market while acknowledging continued inflation risks. S&P 500 down 0.1%, Nasdaq fell 0.3%. Dow rose at open and began meandering, higher and then lower, following Powell’s speech, returning and stabilising at the level prior to Powell’s comments. Closed mid-range, up 260 points. Mixed sector performance. Financials the standout, followed by Staples and Materials, all rate sensitive sectors that benefitted from the confirmed Fed cut. At the opposite end, growth was the drag, with Tech and Cyclicals recording red returns for the day.

ASX to fall. SPI futures down 13 points (-0.13%).

End of Day Report – Wednesday 17 September: ASX 200 stumbles 60 points lower ahead of Fed

Wed, 17 Sep 2025 16:00:00 +1000

The ASX 200 fell 59 points (-0.7%) in quiet pre-Fed trade. Banks eased back with NAB and WBC giving up recent gains with the Big Bank Basket down to $283.10 (-0.4%). Wealth managers also slid, MQG down 1.1% and HUB off 1.3% with SOLDA rising for a second day. Insurers also under pressure, QBE down 0.6% and SUN off 1.5%. REITs fell too led by SCG down 2.2% and GMG off 0.9%. Industrials mixed, WES fell 1.9% and LNW dropping 2.4% as FLT fell 2.7% and CTD announced further delays in the accounts. SUL rallied back 2.7% after the CEO/HR news yesterday. Tech slightly better, WTC up 1.5%. Resources eased back, the big three iron ore miners lost ground, BHP off 1.1% and FMG down 1.3%. Gold miners saw profit taking, NST down 2.1% and NEM off 1.1% with lithium stocks mixed, MIN off 1.7% and PLS up 4.2%. Uranium stocks also under pressure following gains yesterday. PDN fell only 1.5% on its $300m capital raise. WHC gained 5.2% and YAL up 2.4% with WDS also better.

In corporate news, DRO announced it has won two fresh contracts with the US Defence Department. PYC fell 30.0% as the MD stepped down and BHP announced it was cutting 750 jobs in QLD on the coal outlook.

In economic news, consumer sentiment data released by UBS here today indicated that spending intentions over the next 12 months had surged to the highest level since 2019. UK CPI jumps to 3.8% as forecast.

Asian markets better, Japan down 0.3%, China up 0.5% and HK up 1.6%

10-year yields steady at 4.21%.

Pre-Market Report – Wednesday 17 September: US markets flat, waiting for Fed | SPI down 29

Wed, 17 Sep 2025 09:00:00 +1000

Wall Street recorded another quiet session. Down slightly as nerves kicked in ahead of the Fed rate decision tomorrow – widely expected to cut by 25bps. S&P 500 down 0.13%, Nasdaq fell 0.07%. Dow dropped at open, found a little strength from noon onwards. Closed mid-range, down 126 points. Mixed sector performance. Utilities worse performer, down 1.8%, followed by Materials and REITS. Energy was the best performer, following oil upwards as Ukraine hit more Russian supplies. Cyclicals the only other notable performer, a further Tesla gain of 2.8% boosting the sector, after Musk disclosed he bought 1Bn more in company stock earlier in the week.

ASX to fall. SPI futures down 29 points (-0.33%).

End of Day Report – Tuesday 16 September: ASX 200 up 25 in quiet trade | CSL acquisition

Tue, 16 Sep 2025 16:00:00 +1000

The ASX 200 rose 25 points in quiet trade to 8878 (0.3%) ahead of the Fed. Banks were mixed again, CBA down 0.3% and NAB and WBC up again. The Big Bank Basket flat at $284.23 (-0.1%). Wealth managers bounced slightly, MQG up 1.0% and NWL rising 1.5%. First day of trade for SOLDA the new look SOL/BKW entity. REITS slipped slightly, SCG down 0.5% and VCX off 0.8%. Industrials were mixed, retail better except SUL as its CEO was sacked, down 4.3%. CPU rallied 2.3% and REH rose 2.8%. Tech rose again, although WTC down 1.6% and XRO resumed the downtrend, off 0.6%. A long way down from the recent cap raise price. The All-Tech Index rose 0.7%. Resources remain the place to be. Iron ore miners rose, RIO up 1.9% with gold miners finding support, GMD up 0.7% and NEM up 0.9%. Lithium also in demand, MIN up 1.1% and LTR up 3.0%. Uranium stocks were roaring ahead, DYL up 9.2% and NXG rising 8.7%. PDN in a trading halt as it seeks to raise $300m in a placement and SPP. Oil stocks rose slightly in the second liners. Coal stocks also in demand, NHC rose 5.1% on good results, WHC up 1.9%.

In corporate news, CSL fell another 1.3% as it announced a potential acquisition, SIG rallied 0.3% on Richard Murray’s appointment as CFO.

Nothing on the economic front locally.

Asian markets better, Japan hitting new records up 0.5%, China down 0.4% and HK unchanged.

Pre-Market Report – Tuesday 16 September: US markets push to new records | Gold up 1%

Tue, 16 Sep 2025 08:00:00 +1000

Wall Street recorded a positive, quiet session, with the S&P 500 and the Nasdaq reaching intraday highs. Markets in wait and see until the Federal Reserve’s next policy meeting on September 17th. S&P 500 up 0.5%, Nasdaq up 0.9%. Dow rose throughout the first hour, then fell below its opening but recovered by the finish. Closed mid-range, up 49 points. Mixed sector performance. Growth sectors like Tech and Cyclicals led the gains, both rising 1.0% or more, boosted by Tesla and Alphabet rallies. Healthcare, Materials and Staples all showed weakness.

ASX to rise. SPI futures up 43 points (+0.49%). CSL makes a move - Gold up 1%. Uranium in focus.

End of Day Report – Monday 15 September: ASX 200 fights back to close down only 12 | ANZ cops fine

Mon, 15 Sep 2025 16:00:00 +1000

The ASX 200 fought back from earlier steeper losses to close down only 12 points at 8853 (0.1%). Banks held firm with ANZ copping a massive $240m fine from ASIC for dodgy conduct over the years. The Big Bank Basket fairly flat at $284.41 (). Wealth managers eased back, HUB fell 2.8% with NWL down 3.1% and SOL falling 5.2% on its last day of trade before merger. REITs generally firm with SGP up 0.6% and BWP up 2.2%. Healthcare remains in ICU with CSL falling another 1.6% and RMD down 1.4%. Industrials showed a tinge of green, SGH up 1.1% and ALL bouncing 2.2% after losses last week. In tech stocks, WTC rose 2.9% after Richard White disclosed a sale of a small parcel! XRO continued to trend lower again, down 0.6% with the All-Tech Index up 0.1%. In resources, Chinese data came in weaker than expected, BHP fell 0.6% with gold miners seeing some profit taking after a huge run in the last few weeks. EVN down 5.3% and NST falling 1.9%. GOR issued a production downgrade and fell 0.3%. Lithium stocks perked up, MIN up 3.2% and PLS being squeezed higher again, up 9.1%. VUL had a great run as shorts covered too, up 11.7%. Mixed in uranium with PDN up 1.8% and BOE flying up 7.9%. Oil and gas stocks showing limited gains, STO up 0.9%.

In corporate news, EHL raced ahead on bid speculation. BUB has a new Chair.

Nothing on the economic front locally. Chinese data came in weaker than expected prompting hopers of more stimulus. Asian markets pushed higher, Japan up 0.9%, China up 0.2% and HK unchanged.

10-year yields at 4.27%.

Pre-Market Report – Monday 15 September: US markets mixed | ANZ fined $240m

Mon, 15 Sep 2025 08:00:00 +1000

Wall St closed mixed Friday as traders digested the week’s economic news. Gains limited by concerns of the market being overstretched and getting ahead of itself on the rate cut front. Focus on next week’s Fed meeting and Powell’s commentary. S&P 500 flat, closing on the low. Nasdaq up 0.44%. Dow down 274 points. Nasdaq outperformed this week. Up 2% vs the S&P 500 up 1.6%. Discretionary Stocks, Utilities and Tech up overnight, everything else down. Nasdaq boosted by Microsoft. Up 1.8% on its OpenAI deal and avoiding an EU anti-trust fine. Apple also bouncing back 1.8%. Tesla up another 7.4% on management shrugging off declining sales and Musk’s political distractions. Bond yields rose after dropping for the last two sessions on labour and producer price data. US2Y up 1.8bp. 10Y up 4.2bp.

On the economic front, consumer sentiment fell for a second consecutive month. Survey cited risks to business conditions, labour market and inflation. Short-term consumer inflation expectations remained unchanged. Long-term they rose. USD slightly up overnight. Slightly down for the week as Forex traders increased the number of rate cuts expected this year. Damage to our Strategy ETFs being done by the USD/AUD exchange rate. AUD up 1.4% this week alone vs the USD. Economists only expecting a 25bp cut from the Fed next week despite the labour market cooling faster than anticipated and signs of tariff induced inflation being (to date) lower than expected.

SPI down 59 - ANZ Fined $240m - GOR Production downgrade.

End of Day Report – Friday 12 September: ASX 200 up 60, record highs in the US | Gold still flying

Fri, 12 Sep 2025 16:00:00 +1000

Pre-Market Report – Friday 12 September: Record highs in the US as CPI number behaves | SPI futures up 43

Fri, 12 Sep 2025 09:00:00 +1000

End of Day Report – Thursday 11 September: Very quiet day on the ASX | CSL worst

Thu, 11 Sep 2025 17:00:00 +1000

The ASX 200 has finished the day down 25 points or 0.3% in a very quiet session. Close to what futures indicated as selling in Health Care increased and Banks failed to bounce. CSL continues to disappoint. Textbook case of bad results setting a new downtrend. PME managed to rally and finish up 0.6%. TLX back down 4.4% after looking encouraging yesterday. NEU worst, down 7.5% off lows. 4DX best. Up 18.9% as volatility returns. Big Four banks mixed but all down. CBA escaped most damage down 0.5%. ANZ worst down 1.6%. SOL down 3.3%. Stock market stocks mixed with GDG the standout again. Tech stayed flat from midday. WTC quiet. XRO and NXT stayed up. 360 down a touch.

Pre-Market Report – Thursday 11 September: PPI rolls out red carpet for rate cuts | Big Chips fly on Oracle

Thu, 11 Sep 2025 09:00:00 +1000

End of Day Report – Wednesday 10 September: Banks strong, resources down | Lithium smashed

Wed, 10 Sep 2025 16:00:00 +1000

Pre-Market Report – Wednesday 10 September: SPI futures down 4, US at record highs again | Oracle stuns

Wed, 10 Sep 2025 10:00:00 +1000

End of Day Report – Tuesday 9 September: Quiet one | ASX down 46 points, US futures higher

Tue, 09 Sep 2025 16:00:00 +1000

Pre-Market Report – Tuesday 9 September: SPI futures down 31 | US bumping along at record highs

Tue, 09 Sep 2025 09:00:00 +1000

End of Day Report – Monday 8 September: ASX down in a quiet session

Mon, 08 Sep 2025 17:00:00 +1000

The ASX 200 has finished the day down 22 points or 0.2%, trading in a narrow session as expected after not much of a US lead. Banks down, Resources slightly down. Technology stayed on top from midday. WTC, XRO gaining. 360, DDR and CAT best. Nasdaq futures slightly higher boosting sentiment. Health Care the only other sector to gain. CSL in the early stages of a V-shaped bounce. TLX staying in firm downtrend. The bottom not yet in sight. 4DX closing up 50%. Bringing the weekly move to 200% on more good news. REITs flat on the surface yet GDP and MGR managed modest gains. The sector as a whole not bouncing despite the 4.5bp drop in bond yields since Friday’s close. Citi has said only to expect one more RBA rate cut this year.

Pre-Market Report – Monday 8 September: Weak jobs number | Good and bad

Mon, 08 Sep 2025 09:00:00 +1000

End of Day Report – Friday 5 September: Rebound continues | Waiting on Jobs numbers tonight

Fri, 05 Sep 2025 16:00:00 +1000

Pre-Market Report – Friday 5 September: Classic case of bad news is good news

Fri, 05 Sep 2025 09:00:00 +1000

Wall Street recorded a broad and positive session as JOLTS data, weaker than expected, convinced markets that the Fed would likely cut when they meet later this month. Classic case of bad news is good news. S&P 500 up 0.8%, Nasdaq up 1.0%. Dow steadily rose throughout the day. Closed near high, up 350 points. All sectors up. Cyclicals the top performer, boosted by gains of 4.3% in Amazon. Financials, Industrials and Tech followed.

ASX to rise. SPI futures up 52 points (+0.59%).

In corporate news, Broadcom rose 1.2% ahead of earnings as markets bet on its AI edge. Amazon and Meta’s gains of 4.3% and 1.6% added to broader growth momentum, lifting sentiment. Salesforce dropped 4.9% after weak revenue guidance pointed to sluggish AI monetisation. American Eagle Outfitters jumped 37.9% on upbeat sales outlook.

Resources down. Oil down as US crude stockpile rises while OPEC weighs another supply increase. Copper, nickel and aluminium all fell while iron ore rose on fresh hopes for rising Chinese demand.

End of Day Report – Thursday 4 September: Bounce back day | US holds, gold eases, bonds relax

Thu, 04 Sep 2025 16:00:00 +1000

The ASX 200 has bounced back 88 points or 1% to 8827. Still down 72 points since the close on Tuesday. Financials stayed on top. ‘Big Three’ plus MQG all up 2%. ANZ up 1.3%. ZIP up 3.6%. Gold the only sector in the red despite bullion maintaining its record high. Discretionary stocks no. 2. Most of the gain driven by WES up 2.5%. Has already recovered all its ex-dividend drop. DMP lost most of its morning gains. Tech no. 3. Not the huge bounce we were expecting following the Nasdaq’s rise. XRO went from worst in the Top 50 to best. Up 4.8%. Good to see it, WES, CBA, MQG, NAB, WBC and PME along with HUB in the top gainers table. WTC lifeless and NXT finally gave it to a bout of profit taking.

Defence stocks mixed as traders digest China’s military show. EOS and ASB jumped while DRO and CDA only recorded small wins. Resources ended flat. Solid day from iron ore (back up to $105 in Singapore) and copper offset by gold. BHP only fell 31c vs its ~92c dividend. Lithium mixed. LTR, MIN and PLS all up over 1% while PMT and WC8 dropped. Excellent day for uranium. DYL up 6%, BOE up 5%, NXG up 4% and PDN up 2%. LOT closed at 18c (-20%) vs the 19c placement. Telecoms flat too. Health Care strong thanks to CSL and PME up 2.1% and 1.9%. 4DX the major mover. Up 13.4%. Backing up its huge 50% rise yesterday on US reimbursement certainty.

Asian markets more converse since midday. Japan up 1%. China down 1.2%. No lead from US futures. Broadcom results early tomorrow morning.

Pre-Market Report – Thursday 4 September: Bonds relax, Big Tech bounces | JOLTS number helps rate cut hopes

Thu, 04 Sep 2025 09:00:00 +1000

End of Day Report – Wednesday 3 September: Worst day since Liberation Day | GDP number kills rate cut hopes

Wed, 03 Sep 2025 16:00:00 +1000

Pre-Market Report – Wednesday 3 September: SPI futures down 37 | Gold going parabolic

Wed, 03 Sep 2025 09:00:00 +1000

End of Day Report – Tuesday 2 September: Quiet day | Gold at a record high

Tue, 02 Sep 2025 16:00:00 +1000

Pre-Market Report – Tuesday 2 September: US closed, SPI futures down 8 | Looks like a quiet one

Tue, 02 Sep 2025 09:00:00 +1000

End of Day Report – Monday 1 September: Wall Street closed tonight | Gold a winner

Mon, 01 Sep 2025 16:00:00 +1000

Pre-Market Report – Monday 1 September: US closed, SPI futures down 25 | Tariffs illegal?

Mon, 01 Sep 2025 08:00:00 +1000

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

End of Day Report – Friday 29 August: End of Results Season | ASX 200 up 2.6% for the month

Fri, 29 Aug 2025 17:00:00 +1000

The ASX 200 has finished the day near flat. Down 7 points or 0.1%. Flat for the week only up 6 points. No major changes from midday. Tech strengthened into the close. Up 3.1%. Led by NXT having its best day on record. DGT taken up 4.7% for the ride. WTC, XRO and TNE all playing catchup after a sluggish week. Energy next best thanks to WDS bouncing back after going ex and Uranium. PDN and BOE up 7.7% Coal stocks mixed. Other resources mixed. BHP up 0.4%. RIO and FMG flat. Good week for the iron ore price. Lithium and gold up. Copper down. Rare earths mixed. BRE up on results. ILU up a touch and LYC down 5.8% as trading resumes.

Defensives all around the flat line. Financials and REITs worst. CBA and WBC sold off the most. NAB and ANZ near flat. MQG not reacting much to the positive Wall St lead. Insurers up. MPL bouncing. Reporting season over. NXT, HVN, ASB the winners. Not many losers in the Top 200. MSB, PXA and CUL worst. APE shot up another 9.5%, closing on the high. Now +26% in three days. Asian markets mixed. China and HK up. Japan down a touch. Not much of a lead from US futures yet. PCE price index main event tonight.

Pre-Market Report – Friday 29 August: Wall Street up | Australian futures down

Fri, 29 Aug 2025 09:00:00 +1000

End of Day Report – Thursday 28 August: Last big day of results | US futures flat to up

Thu, 28 Aug 2025 17:00:00 +1000

Pre-Market Report – Thursday 28 August: S&P 500 on record high | Nvidia a beat but price down 3%

Thu, 28 Aug 2025 08:00:00 +1000

End of Day Report – Wednesday 27 August: Results galore | All eyes on Nvidia tonight

Wed, 27 Aug 2025 17:00:00 +1000

Pre-Market Report – Wednesday 27 August: US markets push a little higher | Results in focus

Wed, 27 Aug 2025 08:00:00 +1000

Wall Street recorded a positive session, boosted by Nvidia and Eli Lilly, despite concerns surrounding Fed independence as Trump fired governor Cook. Trump’s decision comes on the back of allegations made by Bill Pulte, a Trump ally, of the federal housing finance agency, that Cook falsified records to receive favourable mortgage terms. Markets seemed to shrug the news off. S&P 500 up 0.41%, Nasdaq rose 0.44%. Dow rose steadily throughout the day. Closed near high, gained 136 points. Most sectors up. Energy and REITs the exceptions, as the former followed oil down. Industrials, Financials and Healthcare, the main leaders, recording gains of between 0.7%-0.9%.

ASX to rise. SPI futures up 47 points (+0.53%). Results in Focus - WTC _DMP - FLT- NEC.

End of Day Report – Tuesday 26 August: ASX 200 slips 37 points | Results in focus

Tue, 26 Aug 2025 16:00:00 +1000

The ASX 200 gave back 37 points to 8936 (-0.4%) as most sectors slid. Banks were relatively flat with the Big Bank Basket at $282.39 (-0.5%). Other financials lost ground, NWL down 3.2% and HUB continuing to fall off 5.5%. Insurers were under a little pressure, with REITs lower too. GMG slipped 0.4% and ASK fell 6.2% as the bidder pulled out. Industrials slid, WES off 0.8% and TCL down 1.1% as retail weakened, JBH off 1.1% and PMV down 2.3%. WEB fell 5.7% on results, while COL rallied hard, up 8.5% on an earnings beat, with WOW following suit, up 2.5%. REA and CAR slid lower as tech was generally mixed — WTC up 4.5% and XRO again slipping lower, down 1.1%.

In resources, FMG disappointed the market, sliding 3.9% on the lowest dividend in seven years, BHP fell 1.1%, and MIN dropped 5.2% as profit-taking emerged in lithium stocks. Gold miners were mixed, VAU up 5.% and CYL rallying 7.2%. Uranium stocks performed better, with PDN up 6.5% and DYL rising 6.9%. STO also put on 2.1%.

In corporate news, SCG ran 1.5% on solid earnings, VEA fell 1.9% on weak refining margins, and NAN rose 15.1% after a 59% increase in profits. TYR fell 2.5% on NPAT dropping 30%.

In economic news, RBA minutes were released today. The Board acknowledged risks in both directions. Personal insolvencies climbed 7.9% in the June quarter, with 3,179 Australians entering bankruptcy or debt agreements.

Asian markets were mixed — Japan down 1%, HK down 0.3%, and China unchanged.
European markets are opening flat. US Dow futures down 35, Nasdaq down 30.

Pre-Market Report – Tuesday 26 August: US markets slip | RBA Minutes

Tue, 26 Aug 2025 08:00:00 +1000

Wall Street closed lower as markets awaited developments on the path of Fed policy and index heavyweight Nvidia’s Wednesday results. Nvidia climbed 1.0% as its earnings loomed while key data releases before the Fed’s next meeting, such as PCE this Friday, the Fed’s preferred inflation gauge, and non-farm payrolls data next week, are seen as crucial as to whether the Fed will cut in September. Market currently pricing in a 84% chance of a cut. S&P 500 down 0.43%, Nasdaq fell 0.22%. Dow fell steadily throughout the day. Closed near low, down 349 points. Most sectors down. Energy and Tech the exceptions, recorded modest gains. Healthcare, Staples and Utilities all recorded losses of over 1.0%, sell-off was focused on Defensive sectors.

Resources mixed despite the dollar strengthening. Oil rose as traders bet on further US sanctions on Russian oil and further Ukrainian attacks on Russian energy infrastructure. Copper and aluminium recorded gains while nickel and zinc both fell.

ASX to fall. SPI futures down 27 points (-0.3%). FMG COL Results - RBA Minutes

End of Day Report – Monday 25 August: ASX 200 up 5 | Early rally fades as banks stumble

Mon, 25 Aug 2025 16:00:00 +1000

The ASX 200 jumped early, then fell back to close up only 5 points at 8972 as the great rotation continues. Unleash the resource bulls! Banks and industrials sold off as commodity stocks rallied hard.

The Big Bank Basket fell to $283.70 (-1.5%) with insurers also under siege on rate-cut hopes, QBE down 2.1% and SUN off 2.9%. REITs picked up the slack, pushing ahead, GPT up 1.1% and CHC up 1.6%. Financials were also better, AMP up 1.4% and ZIP basking in a warm embrace from broker calls, rallying another 7.5%.

Defensives in consumer land slid, WES down 2.6% with WOW off 1.5% and COL down 0.6%. CPU fell 5.2% on lower rates, and QAN came in for a landing, down 1.3%. Tech also came under a little pressure, XRO continues to slide lower after the U.S. acquisition and cap raise. Retail and travel stocks were slightly better on rate-cut news — TPW rallied 5.4%, and LOV was up 2.9%. GYG found some support, up 7.8%, and FLT rose 1.1%.

In resources, the big iron ore miners had a strong day, BHP, RIO, and FMG all up around 2.6%. Lithium stocks were better — PLS results today were cheered, with the stock rising 2.4%. IGO up 3.7%, and LTR rallying 4.2%. Gold miners were firm, EVN up 3.5% and NST up 2.8%, with copper stocks also in demand, SFR up 5.3%. Uranium stocks are finding new friends, PDN up 5.3% and NXG rising 5.3%.

In corporate news, REH got smashed 16.4% by the Victorian economy, ABB beat forecasts and is going “buddyless.” BEN delivered an FY loss but rallied 1.1%, with STO extending the ADNOC deadline by a month. NHF rose 2.7% on better-than-expected results. ANN bounced 10.3% on upgraded guidance, and SXL surged 26.5% after a good set of numbers.

Nothing much on the economic front.

Asian markets up again, Japan up 0.4%, HK up 1.8% and China up 1.1%

European markets opening flat. US Dow futures down 28 Nasdaq down 9. UK markets closed for bank holiday.

Pre-Market Report – Monday 25 August: US markets rally on Powell | Resources to rally

Mon, 25 Aug 2025 08:00:00 +1000

Wall St rose sharply overnight, boosted by a dovish shift from Powell at Jackson Hole. S&P 500 up 1.52%. Erasing its weekly loss to finish up 0.27%. Nasdaq best. Up 1.88% but still finished down 0.58% for the week. Dow up 846 points to a fresh record high. The best performer this week up 686 points or 1.53%. Small Caps, the most sensitive to rate cuts spiked 3.86%. Having shown no inclination to cut rates until the recent soft jobs data, Powell opened the door overnight, saying "The stability of the unemployment rate and other labour market measures allows us to proceed carefully as we consider changes to our policy stance. Nonetheless, with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance." Going on to say the inflation impact from tariffs may be short lived. Odds of September rate cut rose as did the odds for three cuts this year. Bond yields dropped, equities and gold rose. USD surprisingly only down a touch. Adding to positive sentiment – Canada announced it will remove any retaliatory tariffs on the US that were compliant with the USMCA free trade agreement. Carney softening his previous tough stance on trade policy.

SPI up 84 - Results drop - ANN - PLS - REH - NHF - BEN

End of Day Report – Friday 22 August: ASX 200 drops 52 | Results disappoint

Fri, 22 Aug 2025 16:00:00 +1000

The ASX 200 back below 9000 to 8967, down 52 points (0.6%) as results weighed after a long week. Banks remained firm with WBC up 0.7% and NAB slightly firmer, the Big Bank Basket drifting to $288.16 (-0.2%). Other financials also drifted lower, GQG fell 3.0% after early gains. Insurers firmed, ASX fell 2.1%, and ZIP soared 20.2% on better results. REITs were under pressure as GMG fell 4.8% on broker comments, SGP and CHC both better. Industrials slid, BXB saw some profit-taking, QAN dropped 2.1%, and ALL off 1.7%.

Retail stocks also eased back, PMV down 4.0% and JBH falling 1.6%. GYG collapsed 18.2% after the results and a trading update. CTD in a trading halt awaiting some material news. Tech stocks eased back too, WTC down 1.8% and XRO continuing to fade. Down 0.6%. The All-Tech Index up 0.2%. WOW and COL under pressure. CSL resumed the downward momentum, off 4.2% as TLX trundled higher.

In resources, BHP slightly lower, RIO fell 1.1%, and gold miners were mixed. WAF up 3.3% and VAU up again post results. Lithium stocks fell, PLS down 4.5% and MIN off 3.2%. Uranium stocks better, PDN up 4.3% and DYL rising 3.8%. Oil and gas firmed, coal stocks eased.

In corporate news, ING dropped 20.3% as Woolies contract took its toll, HLS rallied 18.6% after results, AX1 dived 17.8% on disappointing sales growth, MVF fell 13.7% on disappointing profits and outlook.

Nothing much on the economic front.

Asian markets mixed again, Japan flat, China up 1.7% and HK up 0.5%

European markets opening flat. US Dow futures down 18 Nasdaq down 32.

Pre Market Report - Friday 22 August: US markets fall again | Results in focus

Fri, 22 Aug 2025 08:00:00 +1000

Wall Street recorded a negative night ahead of Powell’s speech at the Jackson Hole Economic Policy Symposium early in the next session. Fear of a hawkish tone being reflected in markets over the past couple of days. S&P 500 down 0.40%, Nasdaq fell 0.34%. Dow recorded another choppy session, finding some strength toward the end. Closed mid-range, down 153 points. Most sectors down. Energy and Materials the exceptions, former followed oil upwards. Staples and Cyclicals the worst performers, defence and growth, showing caution ahead of Jackson Hole was widespread. Staples were dragged lower by Walmart which fell 4.5% despite raising full-year sales and profit guidance, citing strong demand across income groups, as it reported its first earnings miss in three years.

In corporate news, Walmart was the main story after its earnings report with margin pressure from tariffs souring sentiment, weighing on peers like Target and Home Depot, which fell 1.7% and 1.1%. Similarly, Coty endured a steep 21.6% plunge after forecasting softer sales, underscoring fragility in discretionary spending. Tech weakness persisted, with Nvidia down 0.2%, Meta fell 1.2%, Amazon dropped 0.8% and Advanced Micro Devices retreated 0.9%, extending recent losses in the sector as concerns grow over stretched valuations and political risk.

Resources mixed. Oil rose as Russia-Ukraine peace talks stalled and US demand remained resilient. Copper and aluminium recorded gains while nickel and zinc both fell.

ASX to fall. SPI futures down 12 points (-0.13%). Results in focus.

End of Day Report – Thursday 21 August: ASX 200 up 101 points, record close | Results dominate

Thu, 21 Aug 2025 16:00:00 +1000

The ASX cracked the 9000 mark, up 101 points at 9019 (1.1%) as results buoyed sentiment. Some crackers today and, once again, plenty of volatility — even intraday.

Banks provided the groundwork with CBA up 0.8% and ANZ again doing very well, up 1.5%, with the Big Bank Basket rising to $288.84 (1.0%). MQG had a good day, and financials generally did well. NWL was volatile post-results, down 0.6%, with GQG spurting 4.9% higher. ZIP also did well ahead of results tomorrow, up 2.6%.

Insurers slipped a little, REITs firmed, SGP up 3.6% and SCG rising 1.3%. Industrials were firm too, TLS up 0.8% with WES running 2.5% higher. WOW and COL had good days as well, and BXB shot the lights out with results up 13.2%. CSL found bargain hunters up 2.4%. SHL smashed on results down 12.8%.

Retailers continued to find favour, SUL hit record highs, up 12.3%. NCK gained 2.5%, and MYR rallied 4.0%. BRG also had a solid post-numbers bounce, up 4.9%.

In resource land, BHP was again positive, up 0.7%, with RIO and FMG stronger too. Gold miners enjoyed a bullion rise, and results from NST, VAU, and GMD were somewhat mixed. Lithium stocks were back in favour, PLS up 5.2% with MIN higher 4.5%, and LYC also doing well, up 4.5%. JHX continued to be walloped, down 9.4%.

Oil and gas names were stronger on crude rises, WDS up 1.3% with BPT up 1.2%. Coal stocks improved, and uranium was generally firm.

In corporate news, some cracking results today: SUL, BGA, with IPH falling 19.5% as it warned on US patent impacts. GMG eased 1.4%, with results in line, while QUB fell 0.4% on a large write-down. MP1 fought back from an early drop to close only modestly lower. TLX jumped 7.0% after a wobbly start.

Nothing much on the economic front.

Asian markets mixed again, Japan down 0.6%, China up 0.5% and HK down 0.3%

European markets opening flat. US Dow futures down 44 Nasdaq unchanged.

Pre-Market Report – Thursday 21 August: US markets flat, tech sells off | Super Thursday

Thu, 21 Aug 2025 08:00:00 +1000

Wall Street recorded a negative session as Tech once again acted as a drag to the broader market, as investors rotated into other sectors ahead of the Jackson Hole summit which begins today in the US. S&P 500 down 0.24%, Nasdaq fell 0.67%. Dow recorded a choppy session, closing near the open. Closed mid-range, up 16 points. Primarily strong sector performance with the Growth sectors of Cyclicals and Tech the only two holding the indices back. Apple and Tesla, down 2.0% and 1.6%, led the losses. Energy followed oil up, Staples added to yesterday’s gains and Healthcare climbed upward too.

Resources up. Oil rose US crude inventories dropped by more than expected with a decrease of 6m barrels. Copper, aluminium and zinc all down.

ASX to rise. SPI futures up 20 points (+0.23%). Super Thursday Results - BXB GMG SUL

End of Day Report – Wednesday 20 August: ASX 200 up 22 points | Big Four all in the green

Wed, 20 Aug 2025 16:00:00 +1000

Pre-Market Report – Wednesday 20 August: US markets slip as chips fall | Results in focus

Wed, 20 Aug 2025 08:00:00 +1000

Wall Street recorded a negative session as Tech dragged the broader market down, falling ahead of the Jackson Hole summit which begins on Thursday in the US. S&P 500 down 0.59%, Nasdaq fell 1.46%. Dow rose at the open but fell after the first hour, briefly dropping into the red before recovering to finish flat. Closed near the low, up 10 points. Primarily strong sector performance with Tech the main drag. Tech fell a little over 1.5% with Nvidia leading the sell-off, down 3.5%, its biggest drop in nearly four months. Cyclicals also saw some weakness while Energy and Financials were flat. Every other sector up. REITs the biggest beneficiary after showing weakness in the previous session, easing yields a boost, as was better-than-expected housing data. Staples also recorded gains of over 1%.

In corporate news, Home Depot climbed 3.2% despite missing earnings estimates, while rival Lowe’s added 2.2% ahead of its own results. Focus will shift to Walmart and Target, with upcoming reports expected to shed light on consumer resilience. Intel jumped 7.0% after securing a $2Bn capital lifeline from Japanese SoftBank. Palo Alto Networks rose 3.1% on upbeat long-term guidance, while Medtronic fell 3.1% as Elliott Management’s stake prompted board changes.

Resources down. Oil down as Russian sanctions are expected to ease soon after talks. Copper, nickel and aluminium all down.

ASX to rise. SPI futures up 17 points (+0.19%). Results in focus. TCL TLC BRG CWY APA

End of Day Report – Tuesday 19th August ASX 200 drops 63 - CSL down nearly 17% on guidance and restructure.

Tue, 19 Aug 2025 16:00:00 +1000

The ASX 200 dropped 63 points to close at 8896 (0.7%). CSL falling 16.9% on restructure and disappointing guidance, responsible for most of the loss. Banks edged higher post results, CBA up 0.5% and NAB gaining some broker love, up 0.8% with the Big Bank Basket up to $281.67 (+0.6%). Insurers sold off again, QBE down 1.2% and SUN off 2.1% with other financials flat, CGF doing well up 2.6%. REITs firmed with DGT up 0.4%. Industrials mixed, retail firmed, JBH back up 2.3% with CTD up 0.9%. ARB results today and the market liked them rising 8.6%. QAN dropped 1.2% after the record fine yesterday, TPG fell 2.3% after a cyber incident, tech was mixed, XRO recovered slightly up 1.7% and WTC slid 0.7%. The All -Tech Index up %.

In resources, BHP numbers were solid, the dividend beat forecasts, up 1.6% and some renewed interest in rare earths, LYC up 2.2% and ILU putting on another 1.9%. Gold miners drifted lower and BSL results failed to impress off 1.9%. SGM was another casualty on results falling 5.7% on Chinese scrap issues. Oil and gas stocks fell, STO revealed that DD had failed to come up with a definitive offer, WDS dropped 2.8% on its results and uranium stocks flat.

In other corporate news, JDO rose 0.3% on better numbers led by cost cutting. RWC fell 6.7% despite a 13.5% rise in FY net profits. SEK jumped 8.0% after an increase in revenue beating expectations.

On the economic front, Australian consumer sentiment jumped 5.7% in August to 98.5, the highest level since February 2022, according to the Westpac-Melbourne Institute survey.

Asian markets mixed, Japan down 0.2%, HK up 0.1% and China unchanged.

10-year yields better at 4.32%

Pre-Market Report – Tuesday 19 August: US markets unchanged | BHP, CSL, RWC, MND results

Tue, 19 Aug 2025 08:00:00 +1000

Wall Street recorded a rather flat session as markets await the Jackson Hole summit and retailers’ earnings. S&P 500 flat, Nasdaq flat. Dow was choppy in early trading and fell from about 1pm onwards but recovered some strength before the close. Closed mid-range, down 34 points. Mixed sector performance. Cyclicals best performer, 1.4% rise in Tesla a primary driver as the car company promised the launch of its Model Y L in China "soon". Industrials and Financials also did well. REITs struggled at the opposite end, while Materials and Energy also recorded losses.

In corporate news, Intel dropped 3.7% after reports surfaced that the Trump administration is considering a 10% stake in the chipmaker. Dayforce rocketed 26% on speculation of a takeover by private equity firm Thoma Bravo. Solar names gained, with SunRun up 11.4% and First Solar up 9.7%, after the US Treasury released looser-than-expected subsidy rules for renewable projects.

Resources down, stronger dollar a headwind. Oil up as investors focus on Trump and Zelensky met. Copper, aluminium and zinc are all down.

ASX to fall. SPI futures down 23 points (-0.26%). BHP CSL MND RWC results out. Busy Day.

End of Day Report – Monday 18 August: ASX 200 up 21 points to new record | Results in focus

Mon, 18 Aug 2025 16:00:00 +1000

The ASX 200 hit a new record high at 8959 (+0.2%) as banks gathered strength. NAB results were in line, with the CEO sounding a little contrite — unlike QAN, which was hit with a record fine for “not being sorry enough.” QAN fell % while NAB rose 2.7%. The Big Bank Basket climbed to $280.06 (%).

Insurers were firmer, with IAG up 0.8%. Other financials were less enthusiastic. REITs gained ground with MGR up 3.5% and GPT up 1.9%, while DGT fell sharply after missing expectations. Down 14.1%.

Industrials firmed, with SGH up 2.6% on bargain hunting. REA rallied 4.5% on news of a new CEO, while CAR lost its CEO. Tech was flat, while retail was mixed: WES rose 1.1%, CTD did well rallying 3.9%, TPW continued to crater, down another 5.3%, and KGN fell 2.5% on write-offs at Mighty Ape.

Resources were mixed. Gold miners slipped on fading hopes of a US rate cut, with EVN down 1.5% and CMM off 1.6%. Iron ore miners also weakened, with BHP down 1.2% ahead of results tomorrow. Lithium and rare earths were in demand, with PLS up 3.2% and LTR gaining 6.5%, while ARU raised capital at 19c. Oil and gas edged lower, as did uranium and coal stocks.

In corporate news, A2M rose 3.1% on better results, ADB crashed 20.8% after lifting capex guidance by 25%, BSL fell 3.1% on US write-offs, while LLC climbed 6.7% on stronger-than-expected results.

Nothing notable on the economic front.

Asian markets mixed, Japan up 0.9%, HK up 0.6% and China up 1.3%

10-year yields steady at 4.27%

Pre-Market Report – Monday 18 August: US markets pause | Jackson Hole this week

Mon, 18 Aug 2025 08:00:00 +1000

Wall St finished the week mostly down as economic data reduced odds for a Fed rate cut in September. S&P 500 down 0.29%. Nasdaq down 0.4%. Dow near flat. Up 35 points. Retail sales met expectations. Up 0.5% in July led by auto sales and online shopping. June reading revised up. Somewhat easing concerns about a stalling US economy post the recent labour data prints. On the downside, the outlook for consumer spending deteriorated as rising costs from tariffs are expected to impact demand. Import prices (+0.4%) rose more than expected to a 15-month high. Indicating export nations have not been cutting prices in contrast to the Trump administration’s prediction. Forcing either US business to absorb the costs or pass it on to customers. Consumer confidence unexpectedly declined and inflation expectations rose, slightly raising the odds for no cut in September to 15%.

SPI down 53 - Results in focus - BSL ALD GPT LLC A2M

Commodities mostly lower.
WTI down 1.9% as odds of an end to the war in Ukraine rose.
Base metals mixed. Copper flat overnight and for the week as a small drop in the USD was outweighed by weak China manufacturing data.
Iron ore flat for the week as early gains were lost on Chinese property concerns. BHP still managed to gain 4.35%. RIO up 1.3%.
Gold flat with most global miners higher. Down 1.9% for the week. Most of that move after yesterday’s strong PPI numbers.

End of Day Report – Friday 15 August: Another record high | Big Four up between 0.6% and 2.1%

Fri, 15 Aug 2025 17:00:00 +1000

Pre-Market Report – Friday 22nd August - US markets down again - SPI down 12 - Results in focus

Fri, 15 Aug 2025 16:00:00 +1000

Pre-Market Report – Friday 15 August: US markets flat | PPI in focus, COH results

Fri, 15 Aug 2025 08:00:00 +1000

Wall Street recorded a rather flat session as a better than expected producer prices report cooled expectations of the speed of potential interest-rate cuts. S&P 500 inched up 0.03%, Nasdaq inched down 0.01%. Dow fell slowly from the open, troughing at around noon, before recovering to previous levels. Closed near high, down 11 points. Mixed sector performance. Healthcare best performer, was second in the previous session, regaining some strength after being one of the weaker performers this year due to Trump’s threat of a tariff which may raise to 250%. Financials, Cyclicals and Tech also recorded positive gains. Defensive sectors tended to struggle – Industrials, Utilities and Materials all down.

In corporate news, Intel jumped 7.4% after reports the Trump administration is exploring a government stake in the chipmaker. Cisco slipped 1.6% as a steady forecast failed to spark enthusiasm. Deere dropped 6.8% on weaker quarterly earnings and a narrowed yearly outlook while Tapestry plunged 15.7% after issuing a profit forecast that missed expectations.

Resources mixed despite some dollar strength. Oil gained on Trump’s threat of “severe consequences” if his talks with Putin failed. Copper flat, nickel down while zinc gained.

ASX to rise. SPI futures up 8 points (+0.09%).

End of Day Report – Thursday 14 August: ASX up 47 points | CBA falls again, WBC flies

Thu, 14 Aug 2025 16:00:00 +1000

The ASX 200 touched 8900 (nearly) before profit-taking crept in as jobs data was better than expected. The index closed up 47 points at 8874 (0.5%). ‘Super Thursday’ with results dominating. Banks were mixed as CBA continued to struggle, down % with the Big Bank Basket at $274.63 (+0.6%). WBC results were solid and, given its relative value to CBA, rose 6.3%. Other financials firmed, MQG up 1.7% and insurers doing well, SUN up 3.6% on better-than-expected results. GQG rallied 3.2% with XYZ up 2.4%. REITs firmed, GMG up 1.4% and MGR rising 1.8%. Industrials mixed, CPU rose 1.7% on broker comments, WOW and COL firm, WES up 0.8% and JBH rallying another 1.8%. JHX had a good session, up 4.0%, and REH jumped 4.3%. ORG also did well on better-than-expected results and a guidance upgrade, up 6.3%.

Resources mixed as iron ore players folded, RIO crashed 3.7% with BHP down 0.5% and FMG losing 1.7%. Gold miners were mixed, NST up 1.2% and EVN falling 0.6%. Some buyers appeared in lithium stocks, although LTR were clawed 9.1% lower as the SPP letter was sent out. PLS up 0.9% and MIN up 0.7%. Uranium mixed, PDN up 1.7% and BMN down 1.6%. Coal stocks fell and oil and gas stocks were becalmed.

In corporate news, TPW was a stand-out on the numbers and growth projections, up 8.8%. WBC had its best day in five years, S32 dropped 5.2% on issues with power in Mozambique and a write-off, and PME rose 6.2% after profits came in line with expectations.

On the economic front, unemployment eased slightly and RBA maybe on hold for longer.

Asian markets mixed, Japan saw some profit taking down 1.3%, HK down 0.4% and China up 0.2%.

10-year yields steady at 4.21%

Pre-Market Report – Thursday 14 August: US rises slightly | Super Thursday - WBC, TLS, SUN

Thu, 14 Aug 2025 08:00:00 +1000

Wall Street recorded another positive session with the S&P500 and the Nasdaq closing at new record highs for the second consecutive day after yesterday’s inflation came in broadly as expected, bolstering the case for the Fed to resume easing. S&P 500 up 0.32%, Nasdaq up 0.14%. Dow jumped at the open, weakened a little as the day progressed, but found renewed strength toward the end to finish near a fresh high. Up 464 points. Mainly broad and strong sector performance. Materials best performer, one of the top three yesterday too. Healthcare also did well, one of the weaker performers this year due to Trump’s threat of a tariff which may rise to 250%. Cyclicals and Energy the next best performers. Tech and Utilities the only negatively performing sectors from the overnight session.

In corporate news, Nvidia slipped 0.9%, Alphabet fell 0.7% and Microsoft dipped 1.6% as the market looked beyond some of the Magnificent Seven for growth momentum. Apple advanced 1.6% on reports of AI-powered robotics and smart home ambitions. CoreWeave, backed by Nvidia, plunged 20.8% after posting a larger-than-expected quarterly loss, underscoring the earnings pressure weighing on some high-profile AI plays.

Resources down despite dollar weakness. Oil hit a two-month low as the IEA reported that US crude stocks rose by 3m when expectations were for a 275k increase. Copper, nickel and zinc all down.

ASX to rise. SPI futures up 32 points (+0.36%). TLS WBC SUN Results - Super Thursday.

End of Day Report – Wednesday 13 August: ASX 200 falls 54 points | All CBA, down 5.4%

Wed, 13 Aug 2025 16:00:00 +1000

The ASX 200 fell 54 points to 8,827 (-0.6%). Not a bad day considering, CBA was smacked 5.4% on a solid but uninspiring result, with valuations already too stretched to be just “in line.” The fall; accounted for around 50 index points. The Big Bank Basket fell to $273.05 (-4.0%) with ANZ outperforming on catch-up. Other financials slid, QBE down 1.5% as IAG dipped 0.1% on a slight beat on results, ASX down 2.4% and GQG slipping 2.3% lower again.

REITs rose slightly, SCG up 0.3% and SGP up 0.5%. Healthcare was better with CSL up 2%, seeing inflows as CBA fell. TLX rose 2.7% in a rare up day recently. Industrials were flat, dominated by results — CPU hit 3.8% on broker downgrades post-results. BXB bounced slightly, SGH held after the rout yesterday.

Retailers were in the green, APE up 3.1% and TPW rising 1.5%. LNW had a good day, up 3.0%, and FLT up 1.2%. GYG came under some pressure, currently down another 3.7%.

In resources, lithium stocks saw the shorts return, LTR down 4.4% and PLS off 6.6%. Iron ore stocks firmed again — BHP up 1.1% and FMG up 1.4%. LYC rose 3.2% and EVN up 3.9% on better-than-expected results and an increase in dividend. Other golds did OK too, NST up 1.1% and GMD rising 3.2%. Oil and gas stocks slipped, BPT down 7.6% and KAR off 3.8%. Uranium drifted lower and coal off slightly.

In corporate news, BVS missed expectations losing 16.5%, TWE firmed despite some concerns, AGL ran out of power, down 13.1% on bad numbers, guidance underwhelms. TYR boomed 11.4% on takeover talk and ANG disclosed an accounting error.

On the economic front, wage increase and lending data. Looks like wage pressure has stabilised. Asian markets continued to march to records, Japan up 1.3%, HK up 2% and China up 0.9%.

10-year yields steady at 4.23%.

Pre-Market Report – Wednesday 13 August: US markets rise on CPI | CBA results

Wed, 13 Aug 2025 08:00:00 +1000

Wall Street recorded a positive session with the S&P500 and the Nasdaq closing at new record highs as inflation came in broadly as expected with CPI rising 0.2% on a monthly basis in July. S&P 500 up 1.1%, Nasdaq up 1.4%. Dow rose at the open following the inflation news, and remained steady at that level for the rest of the session. Closed near high, up 484 points. Broad sector performance. Financials best performer on rate cut expectations. Tech followed closely behind. Materials and Industrials also did well as the inflation figure somewhat eased concerns about the US economy.

In corporate news, Alphabet rose 1.2% as AI company Perplexity made a $34.5Bn cash offer to buy Chrome. Intel also rose 5.6% after CEO met Trump, only after Trump demanded his resignation last week, this time describing the meeting as “very interesting” while praising the CEO Lip-Bu Tan. Nvidia rose less than other big Tech names, gaining 0.6%, as China warned caution to its tech firms over purchases from the chipmaker.

Resources mainly up. Oil fell as markets await the EIA’s inventory report. Copper, aluminium and zinc all rose over 1.0%.

ASX to rise. SPI futures up 19 points (+0.21%). CBA IAG TWE EVN Results.

End of Day Report – Tuesday 12 August: ASX 200 up 36 to record high | RBA cuts as expected

Tue, 12 Aug 2025 16:00:00 +1000

The ASX 200 hit a new record high, up 36 points to 8881(0.4%) as the RBA cut rates as expected. Banks pushed higher with the Big Bank Basket at $284.55 (+0.6%), CBA on pause ahead of results tomorrow. ANZ the standout up 2.2% with other financials firm. ASX up 0.9% and insurers fighting back, QBE up 2.1% and SUN bouncing 2.9%. REITs were mixed but generally up, CHC up 0.8% and SGP up 0.2%. Industrials mixed, JBH bounced well on analyst reports, SGH fell hard on a disappointing outlook. XRO dropped 2.2% as tech went now here with the All-Tech Index up 0.2%. REA fell 0.5% with CAR up 5.0% on broker comments post results. BXB under a little pressure down 1.5%. Resources were mixed, lithium stocks gave back some of the gains from yesterday, LTR down 8.0% and PLS down 0.9%. Iron ore stocks better, BHP up 1.0% as futures in Asia remained firm, FMG up 1.2%. Gold miners mixed as the tariff chaos works through the market. Oil and gas stocks mildly higher, Uranium stocks fell again, DYL in deep red down 3.8%. Coal stocks better, WHC up 2.8%.

In corporate news, SGH disappointed, SWM down 6.7% on results, 360 did well on results and a C-Suite change, SGR announced a new deal for Queen Street and rose 23.6%. OML appointed a new CEO from SBS. On the economic front, the RBA cut rates and remains cautious.

Asia markets heading higher, Japan at record, up 2.2%, China up 0.5% and HK flat.

10-year yields steady at 4.25%

Pre-Market Report – Tuesday 12 August: US markets drift lower | RBA today, CPI tonight

Tue, 12 Aug 2025 08:00:00 +1000

Wall Street recorded a negative session as markets await tonight’s inflation release to gauge the path of rates and the inflationary effects of tariffs. S&P 500 down 0.25%, Nasdaq down 0.30%. Dow dropped at the open, almost fully recovered by noon, but then continued to fall. Closed near low, down 201 points. Mixed sector performance. Energy, REITs and Industrials all down despite oil rising and yields being rather flat. At the opposite end, Cyclicals was up, benefitting from Tesla’s 2.8% rise, while Healthcare and Staples also recorded slim gains.

In corporate news, Nvidia and Advanced Micro Devices slipped 0.35% and 0.28% after agreeing to hand 15% of China chip sales revenue to the US government, a move seen pressuring margins. Micron jumped 4% on upgraded Q4 revenue and profit guidance, while Intel rose 3.5% as its CEO visited the White House. TKO leapt 10% after Paramount bought the exclusive rights to UFC distribution in a $7.7Bn deal.

Resources mixed. Oil rose on US-Russia talks. Copper, aluminium and zinc all fell while nickel rose, as did iron ore on Chinese steel mill demand.

ASX to fall. SPI futures down 13 points (-0.15%).

End of Day Report – Monday 11 August: ASX 200 up 38 points | Lithium boom, banks push ahead

Mon, 11 Aug 2025 16:00:00 +1000

The ASX 200 marched another 38 points higher to 8845 (0.4%) led by the banks and resources. CBA up % leading the charge and the Big Bank Basket to $282.97 (+1.2%). WBC up 1.9% with MQG down 0.3% and insurers still suffering from post QBE fall out. Financials a little lacklustre, PNI down 2.8% and XYZ giving back Friday’s gains. ZIP down 2.7%. AMP smacked 7.2% lower on broker downgrades. REITs firmed, DGT up 9.1% on certification news, with CMW up 2.3%. Industrials becalmed, ALL down 1.1%, WES fell 1.8% and retail under pressure following JBH off 8.4%. Slightly disappointing numbers and CEO to retire. WEB fell 4.3% and LNW bounced 3.6%. Tech mixed, XRO continue to drift lower, off 1.3% and WTC up 0.7%. The All-Tech Index down 0.6%.

In resources, it was all about a lithium renaissance following news that CATL is closing a large mine for three months, LTR rallied 18.3% despite recent cap raise, PLS boomed up 19.7% and MIN up 12.2% as shorts were forced to cover. Gold miners under a little pressure on the switch to lithium, NST down 1.8% and NEM off 1.1%. Uranium stocks showing little interest and WDS up 0.7% with STO extending DD to ADNOC and fell 0.1%.

In corporate news, CAR held steady after in line results. Not even a special dividend could save JBH as valuations look toppy, IRE disappointed on results, falling 7.2%, iron ore futures in Asia jumped 1.4% as several steel mills in China will be forced to close next month on pollution concerns. BHP up 1.2% and FMG up 3.0%.

Nothing on the economic front as we await the RBA tomorrow and US CPI this week.

Asian markets better, Japan up 1.9%, HK up 0.1% and China up 0.6%.

Pre-Market Report – Monday 11 August: US markets firm on Apple | RBA and CBA this week

Mon, 11 Aug 2025 08:00:00 +1000

An excellent night on Wall St to cap off a positive week. Nasdaq up 0.98% to a record high. S&P 500 up 0.78%, driven by gains in the Technology sector. 0.5% off its record high. Dow Jones lagged, only up 207 points. Closing near the high. No major news during the session. Tech stocks were boosted by ‘Fed rate cut enthusiasm’ and Apple rising another 4.2%. Up 13.3% for the week, its largest gain since covid. This week saw several Fed officials soften their policy stances after last Friday’s weak jobs number. The official rate cut odds haven’t moved much since the labour print. Increasing from 80% to 90%.

SPI up 5 - JBH - CAR - PXA Results

End of Day Report – Friday 8 August: ASX 200 slips 24, up 1.7% for the week | Gold shines, banks down

Fri, 08 Aug 2025 16:00:00 +1000

ASX 200 fell 24 points to 8807 (0.3%) to be up 1.7% for the week. Not too shabby. As usual it was the perennial war between banks and resources. Banks down with CBA slipping %, results next week and the Big Bank Basket down to $279.64 (-0.8%). Insurers walloped, QBE down 8.8% on poor results. SUN off 3.2% and IAG sliding 2.7%. Other financials falling hard too GQG down 14.6% on FUM levels falling and performance lagging, HUB dropped 2.0% and PNI took a break, down 5.3%. REITs flat, healthcare slid, CSL running into reality, down 1.8% and PME falling 3.6% as TLX continued to drift lower. Industrials too fell, REA down 1.1% and ALL off 1.8% with LNW falling 11.2% on plans to delist from Nasdaq. Tech fell, XRO down 1.4% and 360 dropping 4.2% with the All Tech Index down 0.7%.

Resources were bid, Iron ore a lithium together with gold miners in the green. BHP up 0.9% with FMG rising 1.8%. NST bounced another 4.0% with NEM cruising 2.2% higher, LYC jumped 3.8% and PLS up 9.0%, buyers cover shorts as lithium pricing recovered. LTR returned from a mega upsized raise of $316m with the Chinese taking a slice and the Australian government, the stock unchanged. Coal stocks better, NHC up 2.5% and WHC rising 3.1%. Uranium stocks slightly firmer. PBH up 4.6% as its board recommended Mixi’s offer.

In corporate news, IRE bounced 12.2% on takeover approach from Blackstone at 1050c, QBE massacred, XYZ showed a clean pair of heels on a good result, NCK too better by 6.9% on numbers.

Nothing on the economic front locally. Asian markets mixed, Japan up 1.7% to new highs. China modestly lower and HK falling 1.0%.

Pre-Market Report – Friday 8 August: US markets mixed | XYZ up, QBE results

Fri, 08 Aug 2025 08:00:00 +1000

Wall Street recorded a mixed session. Earnings by Eli Lilly disappointed and Trump said he’ll nominate Council of Economic Advisors Chairman Stephen Miran to serve out the remaining term of Federal Reserve Governor Adriana Kugler, while searching for a longer term replacement. S&P 500 down 0.08%, Nasdaq up 0.35%. Dow dropped at the open, and maintained that level throughout the day. Closed near low, down 224 points. Mixed sector performance. Utilities, Materials and REITs all rose despite bond yields ticking up, rotation into defensives. Healthcare worst performer again, Eli Lilly’s disappointing results didn’t help, Trump’s threats to hike tariffs on pharmaceuticals to 250% within 18 months also a continued headwind. Financials and Energy rounded out the bottom three performing sectors.

ASX to fall. SPI futures down 25 points (-0.28%).

End of Day Report – Thursday 7 August: ASX 200 falls 12 points | Gold miners up, financials down

Thu, 07 Aug 2025 16:00:00 +1000

ASX 200 fell slightly off record highs to 8831 off 12 (0.2%). A mixed session with banks slipping a little, CBA down 0.5% and the Big Bank Basket at $281.90 (). Financials dragged lower, MQG down 0.8% and ASX falling hard, off 8.6%, on cost blow outs on CHESS and other issues, AMP rose 4.8% after a broker call rethink on results. REITs firm, SCG up 0.8% and SGP up 0.9% with industrials mixed, BXB down 3.3% and QAN off 1.1% as retail stocks firmed, JBH up 1.8% and ALL up 1.5%. Travel stocks better, FLT up 3.1% and WEB rising 2.3%. LNW fell 2.0% on plans to end Nasdaq listing. Tech better, WTC up 0.9% and TNE pushing on another 0.8%. Resources were a mixed lolly bag, iron ore weaker, gold miners better on a post Diggers glow. NST up 1.5% and NEM up 1.0% with WGX raising guidance and rising 5.1%. Lithium major PLS up 3.8% with LTR in a halt as it raises around $266m at 73c. Rare earth stocks still in demand. Oil and gas, becalmed, uranium stocks firmed with BOE starting to recover. PDN up 3.4% and coal stocks moving higher. In corporate news, the government has invested $50m in LTR, NEU hitting highs on Daybue sales in the US.

On the economic front, reciprocal tariffs are now in. Local BoP figures showed a rebound to a $5.4bn surplus on stronger coal and gold exports.

Asian markets firmed, Japan up 0.6%, HK up 0.6% and China unchanged. 10-year yields steady at 4.24%

Pre-Market Report – Thursday 7 August: US markets push higher on Apple deal | SPI down 24

Thu, 07 Aug 2025 08:00:00 +1000

Wall Street recorded a positive session as Apple jumped 5.1% after pledging to invest $100Bn in domestic manufacturing while positive earning beats boosted risk-on sentiment. S&P 500 up 0.73%, Nasdaq up 1.21%. Dow dropped at the open, but recovered within the first hour and remained steady, falling a little just before the close. Closed mid-range, up 81 points. Mixed sector performance. Cyclicals the top performer, Amazon gaining 4.0% and Tesla rising 3.6% boosted the sector. Staples and Tech also saw gains of over 1.0%. Healthcare worst performer. Uncertainty of tariffs continues to weigh heavily on sector, not helped by Trump’s latest threats to hike tariffs on pharmaceuticals to 250% within 18 months. Energy followed oil down, and REITS dipped as yields inched up following a weaker than expected 10Y auction.

Resources up. Weakening dollar a boost. Oil fell to 8-week low as Trump’s talks with Putin raised doubts about US sanctions on Russia. Copper, nickel, aluminium and zinc all gained.

ASX to fall. SPI futures down 24 points (-0.27%). AMP and LNW results.

End of Day Report – Wednesday 6 August: Another record high for the ASX

Wed, 06 Aug 2025 17:00:00 +1000

The ASX 200 stormed higher to finish up 73 points or 0.8%. New record high. Up 2% in the last two sessions as every major sector save for Utilities finished in the green. Resources and Energy led thanks to a broad-based rally across all major commodities. Iron ore, copper, gold, uranium, oil stocks all running hot. Gold best despite bullion falling 0.4%. Stronger USD to blame. Lithium mixed as some profit taking crept in.

Discretionary Stocks followed. Resuming their recent uptrend. Two big up days now on the trot. WES and ALL up 1.6% and 1.9%. JBH down 1.3%. Breaking its six-day win streak. REITs strong as CWL, CIP and BWP all reported. CIP best up 3.4%. Banks in the mid-pack thanks to the CBA up 1%. ANZ missed out only rising 0.1%. MQG (+0.5%) still going sideways. Tech similar despite the weak Nasdaq lead. Health Care up 0.55%. CSL (+0.9%) and PME (+1.1%) both up while RMD (-1.5%) took a break. NAN rose 4.6% on FDA approval news while TLX (+0.3%) failed to bounce despite brokers saying enough is enough.

REA finished up 6.9% on full year results. Best in the Top 100 with NWS (+5.1%) close behind. Reporting earnings up 14%. PNI shot up 9.5% on excellent FUM numbers. Best in the Top 200. Dow futures up 0.4%. Nasdaq up 0.3%. Bond yields up since the open. China slightly higher while Japan is up 1%.

Pre-Market Report – Wednesday 6 August: Negative session on Wall Street | Resources down

Wed, 06 Aug 2025 08:00:00 +1000

Wall Street recorded a negative session as the impact of tariffs came back into focus with US Services PMI flatlining, with businesses citing new import taxes, and corporate earnings and forecasts of Caterpillar and Yum Brands underwhelming due to tariffs. S&P 500 down 0.49%. Nasdaq down 0.65%. Dow dropped at the open, troughing in the first hour of trading, and then found strength throughout the rest of the session. Closed mid-range, down 62 points. Defensives tended to do best. Materials, REITs and Staples the top three performers. Utilities the weakest performer after consecutive days of outperformance, followed by more Growth sectors like Tech and Healthcare.

ASX to rise. SPI futures up 14 points (+0.16%). Gold firm - REA NWS Results

End of Day Report – Tuesday 5 August: ASX 200 soars 107 points | All systems go

Tue, 05 Aug 2025 16:00:00 +1000

Cracking day with the ASX 200 up 107 points to 8770 (1.2%) as banks, tech and resources fired simultaneously. US markets were the catalyst, but local enthusiasm was the fuel. The banks roared ahead with CBA up 1.4% and the Big Bank Basket up to $280.63 (+1.0%). Financials generally firm, QBE up 2.4% and MPL rising 1.6% with XYZ up 3.0%. REITs too firm, GMG up 1.5% and SCG rising 0.8%, rate cut hopes helping the whole sector. Industrials also finding buyers, retail firmed, JBH up 1.8% and WES up 2.8% with SGH up 1.3% and FLT bouncing 1.5%. Tech stocks better too, WTC up 0.8% and XRO rallying 0.7%. Utilities were also form, ORG up 1.4%. In resource land, gold miners popped some corks, NST up 1.0% and NEM rising 4.1%. Rare earth stocks got a boost from media reports that a floor price would be put in place for product, LYC up 5.2% and ILU charging 8.7% ahead. MIN had a good day too. The iron ore sector was modestly higher, FMG up 0.5%. Oil and gas saw some buyers, BPT up 3.0% and WDS up 1.4% with uranium stocks slightly firmer.

In corporate news, EOS went crazy on a big EU laser order, up 43.4% CCP defied the gloom and knocked the lights out, up 16.2% and ASB got a government tick pushing 7.9% higher. TPG announced that shareholders will be given cash back following the recent sale of its fibre business. TLX smashed 8.5% on higher operating costs.

On the economic front, ANZ– Roy Morgan consumer numbers were very positive. Asian markets firmed, 10-year yields fell to 4.22%.

US futures slightly firmer.

Pre-Market Report – Tuesday 5 August: US markets bounce hard | SPI up 88

Tue, 05 Aug 2025 09:00:00 +1000

Wall Street jumped, recording its best day since May 27, as investors bought into the opportunities from Friday’s sell-off following weak US jobs numbers and Trump’s firing of the Bureau of Labor Statistics Commissioner for producing “rigged” numbers. Shows investor appetite for risk is still there, just looking for reasons or opportunities. S&P 500 up 1.47%. Nasdaq up 1.95%. Dow jumped at the open, and remained steady throughout the day. Closed near high, up 585 points. Broad sector performance. Tech the best performer, up over 2%. Meta, Alphabet, Nvidia all gained over 3% without major news – just strong appetite to enter these names at slight discounts. Utilities and Materials also did well, easing yields helping the former, and stellar conviction in the US economy helping the latter. Healthy to see top performing sectors being a mixture of growth and defensives. At the opposite end, Energy followed oil down and Staples recorded minor losses.

SPI up 88 - Gold steady - CCP Results

End of Day Report – Monday 4 August: ASX 200 finishes flat | Banks down after a decent week

Mon, 04 Aug 2025 18:00:00 +1000

Pre-Market Report – Monday 4 August: US markets stumble on NFP and tariffs | Results in focus

Mon, 04 Aug 2025 09:00:00 +1000

End of Day Report – Friday 1 August: ASX 200 drops 81, unchanged for the week | Banks slide

Fri, 01 Aug 2025 16:00:00 +1000

The ASX 200 fell hard down 81 points to 8663 (-0.9%) to close the week, pretty much where it started. Banks which had been holding their end up, succumbed to gravity with CBA down 1.6% and NAB falling 1.2% as the Big Bank Basket dropped to $277.82 (-1.3%). MQG fell hard down 1.7% with insurers also under pressure, QBE down 1.3% and SUN off 1.5%. REITs eased back, GMG down 1.5% and SCG off 0.5% with industrials weak across the board. WES fell 0.9% and ALL down 1.2% with patches of green in retail, JBH up 0.8%. FLT bounced back a little up % and QAN up 0.3%. Tech stocks smacked hard, WTC down 2.6% and XRO falling 3.5% with the All-Tech Index down 1.8%. Healthcare hit with CSL down 2.5% on tariff news.

Resources which have been hurtie all week saw some buyers return. Iron ore picked up in Asia, BHP unchanged and FMG up 1.1%. Rare earths saw some buying LYC up 3.3% and MIN up 4.4% in the lithium space. PLS too rallied 4.1%. Gold miners fell, EVN down 0.8% and NEM off 0.5%. Uranium stocks tried to find some support after the fallout of the BOE downgrade this week. PDN up 0.5% BOE down another 2.0%. Oil and gas flat. In corporate news, SGR dimmed 16.5% on news that the Brisbane deal was off. RMD up 1.0% on better-than-expected quarterly. SOL and BKW reported with decent dividends and a step closer to a marriage. DOW unchanged despite a new contract and BGL fell 4.3% on production worse than expected.

In economic news, local PPI rose 0.7%. NFP tonight from US. 147k is the number.

European futures down 0.6%. US Futures Dow down 166 and Nasdaq down 100

Pre-Market Report – Friday 1 August: US markets slip despite Meta and Microsoft | NFP tonight

Fri, 01 Aug 2025 09:00:00 +1000

Wall Street fell from early highs as earnings enthusiasm from Microsoft and Meta waned and Trump’s August 1st tariff deadline loomed. S&P 500 down 0.37%, Nasdaq flat. Dow fell steadily throughout the day like the other indices, closing near low. Down 330 points. Most sectors down. Utilities best performer again while Tech was slightly positive. Divergence here – Meta (+11.3%) and Microsoft (+3.9%) rose following their results, Amazon (+1.7%) rose ahead of its, Apple (-0.7%) fell ahead of its, and semiconductors struggled. Healthcare once again struggled, down nearly 3.0%, as Trump sent a letter to the CEOs of 17 major pharmaceutical companies, demanding they lower their prices. Swift and strong reaction – Merck down 4.4%, Pfizer slid 2.3%, AstraZeneca dropped 1.4%, Novo Nordisk fell 3.2%, and GSK dipped 3.0%. REITs and Materials round out the bottom three for the second consecutive day.

ASX to fall. SPI futures down 64 points (-0.74%). RMD Results.

End of Day Report – Thursday 31 July: ASX 200 down 14 points | Resources down, banks up

Thu, 31 Jul 2025 16:00:00 +1000

The ASX 200 fought back from early losses to close down only 14 points to 8743 (0.2%). Banks back with CBA up 0.5% and NAB rising 1.1% with the Big Bank Basket up to $281.36 (+0.5%). Financials firmed, HUB up 1.6% and QBE firing 0.5% ahead. REITS better, GMG rising 0.6% in better data centre hopes, Industrials firmed again, BXB up 0.6% and retail doing well, JBH pushing another 1.3% ahead, ALL bounced 2.4% with travel stocks under pressure as FLT downgraded guidance, off 7.3%. WEB fell 2.2% in sympathy. Tech rose as US tech led the way, WTC up 1.0% and TNE ahead by 1.9%. The All-Tech Index up 1.2%. Resources under pressure again as iron ore slid under $100 in Asian trade on Chinese PMI. BHP down 2.4% and RIO copping a drubbing down 3.6% as FMG fell 2.3%. Gold miners were also under pressure, NST down another 2.2% with EVN off 3.0% and NEM falling 1.6%. Lithium too unwinding in a hurry, PLS down 7.0% and LTR falling 4.9%. IGO continued to drop off 4.5% and LYC succumbed off 2.5%. Uranium shorts got stuck in again, BOE falling another 6.7% with PDN off 2.7% and oil and gas flat, BPT whacked on a quarterly update, off 9.3%.

In corporate news, plenty of quarterlies out, AGL rose 0.1% on its grid battery project, CTT smashed 23.5% on tax changes on small parcels in the US, MIN crashed 7.1% on broker downgrades.

In economic news, building approvals and retail sales. In China PMI came in below forecasts. 10-year yields steady at 4.27%

Asian markets mixed again, Japan up 1.1%, China down 1.6% and HK down 1.5%.

European futures up slightly. US Futures Dow up 141 and Nasdaq up 315.

Pre-Market Report – Thursday 31 July: US markets ease, Fed on hold | Microsoft and Meta soar on results

Thu, 31 Jul 2025 09:00:00 +1000

Wall Street recorded a primarily negative session despite US GDP of 3% in Q2 as Fed Chair Jerome Powell cooled hopes of a rate cut in September, after holding them steady in July. Powell argued rates have not held back the economy and inflation remains elevated and a threat as tariffs work their way through the economy. S&P 500 down 0.12%, Nasdaq up 0.15%. Dow was flat and steady for most of the day but dropped following Powell’s comments and then partially recovered. Finished middle of its range, down 172 points. Most sectors down. Utilities gained again despite rising yields while Tech also saw modest gains ahead of Meta and Microsoft’s earning releases – very positive market reaction to both, up 11% and 7% in after-hours trading as of the time of writing. Materials worst performing sector as Trump’s copper restrictions were not as sweeping as anticipated. REITs also struggled following Powell’s comments and rising yields. Energy gave up some of its recent gains despite oil rising. All three sectors down over 1%.

ASX to fall. SPI futures down 24 points (-0.28%). Meta and Microsft good results - After hours - US copper falls 19% - Gold down - Oil up.

End of Day Report – Wednesday 30 July: ASX up 52, banks lead | CPI comes in better than expected

Wed, 30 Jul 2025 16:00:00 +1000

The ASX 200 rose 52 points to near record highs of 8756 (0.6%) after a benign CPI ensured we should get a rate cut in August. Familiar story, Banks firm with CBA up 1.6% and the Big Bank Basket up to $279.88 (+1.4%). MQG rose0.8 % with financials firm, as insurers rose surprisingly as yields slipped. QBE up 0.8% and SUN up 0.8%. GQG still feeling unloved. REIT boosted by lower rates with SGP up 2.2% and VCX rising 1.7%. Industrials too firm, BXB up 1.9% with JBH doing well as retail firmed, WOW and COL also better by around 2%. Tech mixed. In resources, gold miners were a mixed bag, EVN up 1.4% with PNR rising 1.9% and GMD up 0.8%. Iron ore stocks mixed, FMG better. RIO results after hours, down 1%. Lithium mixed as PLS had a good quarterly up 3.0% but IGO punished on a negative update, down 7.2%. Oil and gas stocks eased, uranium stocks mixed, BOE recovering 3.6%.

In corporate news today, plenty of quarterlies, APX crushed on AI uncertainty, MIN rose 2.3% as it met its FY guidance. PNV rose 7.8% after earnings report.

In economic news, CPI came in benign at 2.7% for core, hopes rose for a rate cut on 12th August.

Asian markets mixed, Japan down 0.1%, China up 0.4% and HK down 0.6%.

European market opening slightly higher. Waiting for Fed, tariff news and tech results. US futures slightly higher.

Pre-Market Report – Wednesday 30 July: US markets ease ahead of Fed | MIN, ALX, PLS in focus

Wed, 30 Jul 2025 09:00:00 +1000

Wall Street recorded a negative session as disappointing earnings weighed on markets and investors awaited the Fed’s rate decision (tomorrow morning Australian time). Meta, Microsoft, Amazon and Apple all report later in the week and their results will largely dictate market direction. S&P 500 down 0.3%, Nasdaq down 0.38%. Dow fell steadily until noon, where it plateaued, despite a brief spike, closing near the low. Down 205 points. Mixed sector performance. Rate-sensitive sectors such as REITS, Utilities and Defensives all did well as yields fell following a strong seven-year note auction ahead of the Fed’s rate decision. Industrials was the worst performer, followed by Healthcare, with disappointing earnings within the sectors being the primary drivers of weakness.

ASX to fall. SPI futures down 13 points (-0.15%). RIO this afternoon. MIN PLS ALX APX reports.

End of Day Report – Tuesday 29 July: ASX 200 up 7, good come back | Resources under pressure

Tue, 29 Jul 2025 16:00:00 +1000

The ASX 200 fought back from early losses to close up 7 points at 8705 (0.1%). Healthcare and industrials firmed, CSL up 0.5% and ALL up 0.5% with the banks slightly weaker. CBA down 0.4% and NAB up 1.2%. The Big Bank Basket down to $276.00 (-0.1%). Financials slid with GQG off 3.3% and ASX down 0.6%. ZIP fell 1.3% and REITS drifted lower. VCX off 1.6% and GMG mixed 0.4%.

Resources once again weaker, iron ore bucked the trend with BHP up 0.3% and RIO unchanged. Gold miners eased, NEM off 1.3% and EVN down 0.6%. Some wins on quarterlies, OBM up 2.2% on results. Lithium stocks down slightly, LTR off 4.1% as it reported its quarterly. Uranium stocks continued to fallout, BOE down another 5.5% and PDN off 5.8%. Oil and gas better with WDS up 1.6% and STO up 2.1%. Coal stocks eased.

In corporate news, VEA tumbled 6.4 as convenience revenue dropped. SFR up 1.6% a better than expected quarterly, LTR fell 4.1% on its report and TAH saw Aware Super exit its stake a few days ago.

Asian markets: Japan down 0.9%, HK down 0.9% and China up 0.2%.

The ASX 200 10-year yields steady at 4.33%. European markets set to open up 0.3%. US futures slightly higher.

Pre-Market Report – Tuesday 29 July: US markets creep higher | Fed and results in focus

Tue, 29 Jul 2025 08:00:00 +1000

Wall Street recorded another modestly positive session as the S&P 500 and Nasdaq closed at fresh highs, boosted by US-EU trade deal, and excitement over some major corporate earnings this week including Meta, Microsoft, Amazon and Apple. S&P 500 up 0.02%, Nasdaq up 0.33%. Dow dropped at open, recovered partially, then fell steadily from noon until the final half hour of trading when it regained some strength. Finished mid-range, closed down 64 points. Narrow sector performance. Energy the best performer, followed oil up which rose following US-EU trade deal and Trump’s announcement he would shorten time given to Russia to end Ukraine war. Cyclicals and Tech also did well as risk appetite was reignited. Other sectors down. Yields up on US-EU trade deal, hurting rate sensitive sectors and boosting the outlook for global growth. REITS, Materials, Utilities all down.

ASX to fall. SPI futures down 61 points (-0.7%). Resources to be pressured - Quarterlies abound.

End of Day Report – Monday 28 July: ASX 200 up 31 points | Banks and industrials lead

Mon, 28 Jul 2025 16:00:00 +1000

The ASX 200 closed up 31 points to 8698 (0.4%) as banks were back in the driving seat. CBA up 1.2% with the Big Bank Basket up to $276.18 (+0.9%). MQG rallied 1.0% as financials generally found some love. XYZ up 2.8% and MFG doing well, up 4.6%. RPL up 4.1% too. REITs doing well, GMG up 0.5% and SCG rising 0.8%. Industrials also firm, SGH up 2.2% with retail better, WES up 0.6 % and WOW up 0.8%. Tech better, WTC up 0.3% and the All-Tech Index up 1.0%. Healthcare too in demand, CSL up 1.0% on trade deal, RMD rising 1.0%. Old Skool platforms better too, CAR up1.7 % and REA rising 1.3%. Resources were mixed, the shocker from BOE falling 44.0% as it warned on future production. Shorts had a ball in PDN, DYL and lithium stocks tumbled as Asian prices dropped hard. LTR down 8.0% and PLS off 11.7%. Gold miners were mixed, NEM up 4.5% on broker upgrades, the rest in the doldrums, GMD down 1.8% and RMS off 4.4%. Coal stocks also smacked down, WHC and YAL hit hard on a court ruling.

In corporate news, WTC has a new CEO, HLO rose 14.1% after an earnings upgrade. BUB too has a new CEO. Nothing on the economic front.

Asian markets mixed, Japan down 1%, HK up 0.4% and China up 0.1%.

10-year yields steady at 4.34%.

Pre-Market Report – Monday 28 July: US markets firm | US/EU trade deal

Mon, 28 Jul 2025 09:00:00 +1000

Wall St managed a broad rally on Friday night as optimism over a US/EU trade deal boosted the S&P 500 (+0.4%) to a fresh record high. That deal has now been done - described as the "Least worst" deal for the EU. Devil in the detail.

112 S&P 500 companies reported results last week - average earnings growth was better-than-expected at 6.4% compared to 4.9% expected. Google was up 4.4%, Tesla down 4.1%, Intel down 10.4% and Texas Instruments down 14.6%.

US Futures this morning are higher with the S&P 500 futures up 0.37% and the NASDAQ futures up 0.19%.

ASX set to open near flat. SPI futures down 5 points. Quarterlies in focus. WTC has a new CEO.

End of Day Report – Friday 25 July: ASX 200 falls 43, narrow range | Resources taking a breather

Fri, 25 Jul 2025 16:00:00 +1000

The ASX dropped another 43 points to 8667 (0.5%) in a quiet trading day. Down 1% for the week. Not much fresh news around. Both banks and resources slipped. Iron ore miners under a little pressure after gains this week, BHP down 1,9% with RIO off 0.8% and FMG back down 3.4%. Gold miners fell too as quarterlies dropped. Diggers and Dealers kicks off 4th August. NST fell another 2.8% and EVN down 3.2% with a good quarterly from NEM kicking it 3.8% higher. Copper and lithium stocks lid, LTR down 2.1% and SFR down 1.6%. Oil and gas better, WDS up 3.7% and uranium mixed. Banks continue to suffer, CBA down 0.4% with the Big Bank Basket down to $273.63 (-0,4%) Financials eased, AMP down 4.8% with RPL posting good FUM and rose 9.0%. Industrials flat, tech flat too with the All-Tech Index down 0.1%.

In corporate news, KMD up 4.4% on a new CFO, SDF down 1.5% as it lost its CFO! Nothing on the economic front.

Asian markets eased. 10-year yields steady at 4.35%.

European markets open unchanged. Results in focus. Trump heading to Scotland.

Pre-Market Report – Friday 25 July: US markets mixed, results dominate | SPI down 37

Fri, 25 Jul 2025 09:00:00 +1000

Wall Street recorded a modestly positive session as the S&P 500 and Nasdaq closed at fresh highs, boosted by positive Alphabet results which fuelled continued AI optimism. S&P 500 up 0.07%, Nasdaq up 0.18%. Dow dropped at open, recovered partially, and subsequently slowly fell throughout the day. Finished near low, down 316 points. Mixed sector performance. Energy the best performer, followed oil up which rose following US crude supply concerns. Tech second best performer, Alphabet results a boost, rose 1.0%, positive contagion. Industrials and Financials also recorded modest gains. At the opposite end, Tesla results caused the EV maker to dive 8.2%, dragging Cyclicals down. Materials and Staples saw more modest losses.

In corporate news, still dominated by earnings reports, yesterday’s reports were primarily weak outside of AI and tech related news. UnitedHealth sank 4.8% after disclosing cooperation with a DOJ probe into its Medicare business, with both civil and criminal investigations in play. IBM plunged 7.6% as weak software sales dragged down second-quarter results. Honeywell slipped 6.2% despite beating estimates and lifting guidance. And American Airlines dropped 9.6% after flagging a sharp third-quarter loss, blaming soft domestic travel.

Resources up again, strong week, even a rising dollar couldn’t stop them. Oil up on US supply worries. Iron ore up another 0.5%, sustained enthusiasm from the news of China's mega-dam project. Copper, nickel, tin all recorded modest gains too.

ASX to fall. SPI futures down 37 points (-0.43%).

End of Day Report – Thursday 24 July: ASX 200 down 28 points | MQG drops 5%, FMG up 4.3%

Thu, 24 Jul 2025 16:00:00 +1000

The ASX 200 drifted 28 points lower to 8709 (-0.3%) as Michele Bullock’s lunch time speech partly dashed rate cut hopes for August. Banks flat with CBA unchanged and the Big Bank Basket at $274.86 (+0.2%). MQG had a nasty day as its AGM saw selling down 5.1% as the CFO retired and earnings softened. Other financials also under a little pressure, CGF down 2.9% and QBE off 1.2%. ZIP had a good day up 4.7%. REITs slid on higher rates, GMG down 0.8% and GPT off 1.2%. Industrials pretty flat too. Tech eased back, XRO down 1.2% and TNE off 2.3%. CPU dropped 3.3% with BXB falling 1.5%. TLS also slipping away with healthcare stocks remaining firm, CSL up 1.5% again.

Resources mixed, LYC up 5.0% on a JV as MIN gained 4.7% on lithium buying and LTR turned from early losses to close up 3.2%. FMG production numbers were solid, pulling out of hydrogen also a positive up 4.3%. Gold miners lid, NST down 2.4% and EVN off 2.7%. Uranium mixed, BOE fell 6.4% on resignation of CEO, PDN recovered slightly. Coal saw sellers back.

In corporate news, BAP was punished for a triple whammy of director resignations, bad debts and earnings downgrade, finishing down 28.4%. DRO fell 5.9% after another order win, CMM off 3.4% as it bid for WA8. In economic news, Bullock’s speech trimmed rate cut hopes. Asian markets solid. Japan up 1.9% on trade deal relief. HK up 0.4%. China up 0.4%. 10-year yields up to 4.37%. US futures mixed.

Pre-Market Report – Thursday 24 July: US pushes higher on trade deals | Alphabet and Tesla results

Thu, 24 Jul 2025 09:00:00 +1000

Wall Street recorded a positive session as the EU and the US appeared to edge closer to a trade deal – believed to be similar to the deal penned with Japan. 15% broad tariff which could extend to cars. S&P 500 up 0.78%, Nasdaq up 0.61%. Dow steadily rose throughout the day. Closed near high, up 508 points. Strong and broad sector strength. REITS flat, otherwise all positive. Healthcare once again led the charge upwards, 4% in two days, tariff optimism a boost – pharmaceutical tariffs still yet to be announced but EU developments an indirect benefit. Energy also did well despite oil falling. Similarly, Utilities and Financials rose despite yields ticking up. Whole market enthused by EU-US developments.

ASX to rise. SPI futures up 18 points (+0.21%). Quarterlies in Focus. FMG, MQG AGM.

End of Day Report – Wednesday 23 July: ASX 200 up 60 | Banks catch a bid, resources firm

Wed, 23 Jul 2025 16:00:00 +1000

The ASX 200 closes up 60points at a record high of 8737 (0.7%). Resources firm but not charging, iron ore coming off the boil slightly, BHP up 0.8% with FMG up 2.3%. Gold miners were better, NEM up 1.9% and EVN rising a more modest 0.9%. S32 rallied 3.0% with ILU also doing well on production numbers, up 4.1%. Lithium stocks slipped with PLS down 2.4% and LTR off 3.6%. Oil and gas mixed, WDS up 1.5% on production numbers, STO down 0.8% and coal stocks soaring, WHC up 6.5% and NHC up 2.1%. Uranium under pressure with PDN down 11.3% on production report. Banks found buyers, CBA up 0.5% and ANZ outperforming again up 2.5% with the Big Bank Basket up to $274.18 (+0.8%). Financials firmed, ASX up 1.3% and insurers better, AMP saw profit taking off 1.8%. REITs firmed, healthcare better, CSL back in the green up 0.6% and RHC rising 3.2% with TLX getting whacked 15.1% on SEC inquiry. Industrials firm across the board, REH up 3.8% and JBH up 1.8% with retailers better, tech mixed, WTC up 0.8% and the All-Tech Index rose 0.3%.

In corporate news, VUL rallied 3.7% on funding news, ALD rose 3.3% on resilient NZ earnings. Nothing on the economic front locally. Japanese trade deal in focus.

Asian markets mixed. Japan up 3.9% on trade deal. HK up 1.4%. China up 0.6%.

Pre-Market Report – Wednesday 23 July: US markets mixed, SPI up 40 | Earnings in focus

Wed, 23 Jul 2025 08:00:00 +1000

Wall Street mixed overnight as markets digested earnings reports, anticipates further reports, and watched for signs of progress in trade talks. S&P 500 up 0.06%, Nasdaq down 0.39%. Dow was choppy in the early session but found strength from about noon to consistently rise. Closed near high, up 179 points. Broad sector strength, only Tech was down, Texas Instruments cautious earnings forecasts sent chip sector tumbling after hours, market seemed to anticipate the disappointing results, Nvidia down 2.5%. Healthcare led the charge upwards after recent weakness, up almost 2%. REITS, Utilities and Financials all did well as yields eased again, Trump’s continued attacks on the Fed having their impact. Cyclicals also boosted by a 1.1% rise for Tesla ahead of its earnings today (tomorrow morning our time).

ASX to rise. SPI futures up 40 points (+0.46%). Gold up 1% - Resources to continue to outperform. BHP has now outperformed CBA by +25% in less than a month.

End of Day Report – Tuesday 22 July: ASX 200 up 9 | CBA crashes again, resources back

Tue, 22 Jul 2025 16:00:00 +1000

The ASX 200 finished up 9 points to 8677 as the initial rally fizzled out. More the sellers turned up in spades for the banking sector again. CBA crushed 3.1% with the Big Bank Basket down to $272.11 (-2.6%), under serious pressure again as the money flowed to resources. BHP up 2.6% and RIO charging ahead up 3.4%. Gold miners also back in demand, NST up 1.3% and NEM rising 2.8%. Lithium stocks on pause as were rare earths, LYC down 0.1% and graphite stocks taking a breather. SYR fell 9.3% and NVX off 0.8%. Oil flat and uranium falling a little. The industrials were flat, WES off 0.8% and BXB down 0.9% with SGH putting on the Ritz up 1.3%. Healthcare doing well as CSL hit a 4-month high, up 3.4% with PME up 2.1%. REITs firmed, tech better, XRO up 0.6% after SPP pricing period finishes, WTC up 1.4% and the All-Tech Index up 0.2%. In corporate news, IFL rose 12.2% as CC Capital agreed a 480c cash scheme. PPT up 0.7% on restructure plans.

In economic news, RBA minutes continued to show caution and gradual moves. Consumer confidence fell 0.2% last week to 86.3 points, according to the ANZ-Roy Morgan Consumer Confidence index, as households were less optimistic about financial conditions.

Asian markets mixed, Japan down 0.3% after holiday. HK up 0.5%. China up 0.8%.

10-year yield eases to 4.30%

Pre-Market Report – Tuesday 22 July: US markets mixed, SPI up 14 | Resources in focus

Tue, 22 Jul 2025 09:00:00 +1000

Wall Street recorded a positive session, although it couldn’t maintain its early highs, with the S&P 500 and Nasdaq closing at new highs, ahead of Big Tech earnings kicking off this Wednesday with Alphabet and Tesla reporting. S&P 500 up 0.14%, Nasdaq rose 0.38%. Dow rose at open, peaked and plateaued from midday to 2pm, and fell for the rest of the session, closing near the low. Down 19 points. Tech led the way upward. Optimism ahead of earnings, demonstrated by Alphabet rising 2.7% before Wednesday. Materials also did well, following resources upwards. Cyclicals another strong performer, Amazon rising 1.4% helped to boost the sector. At the opposite end of the ladder, Energy slipped and followed oil downward. Healthcare also continued its recent struggles, uncertainty around Trump’s tariffs on sector a persistent drag.

Resources up, weaker dollar a boost. Oil down, modest reaction to EU’s latest sanctions against Russia, viewed as having little impact. Iron ore up 3%, hitting 5 month high, boosted by news of China's mega-dam project and stronger steel margins. Copper, nickel, tin all recorded gains of over or close to 1%.

ASX to rise. SPI futures up 14 points (+0.16%).

End of Day Report – Monday 21 July: ASX 200 drops 89 | Banks stumble badly, BHP, RIO and FMG higher

Mon, 21 Jul 2025 16:00:00 +1000

The ASX 200 dropped 89 points to 8668 (-1.0%) giving back Friday’s gains as banks came under intense pressure. The Big Bank Basket dropped to $279.24 (2.6%). CBA and WBC leading the sector down with other financials also in the spotlight. MQG fell 1.4% with ASX of 2.1% and IFL down 5.8% as the company updated the CC Capital bid. Insurers fell hard too, QBE down 1.9% and IAG off 1.4% with the REIT sector falling hard, GMG down 0.8% and CHC down 2.3%. Industrials also under the knife, WES off 1.0% with CPU down 1.2% and retail falling, JBH off 1.5% and APE down 3.6%. Travel stocks falling to earth, FLT down 3.0% and WEB off 2.5% with ALL down 1.4%. Tech stocks mixed, WTC up 1.9% and XRO off 0.7% on last day for SPP.

Resources were better again, BHP, RIO and FMG did well as China announced a new dam and iron ore continued higher in Asian trade. Lithium stocks squeezed higher, LTR up 11.4% and PLS rising 4.1%. Graphite and rare earths also still in demand, SYR up 17.8% and LYC up 1.4%. Gold miners saw selling, NEM up 0.5%, NST down 1.5% and EVN off 1.2%. Oil and gas slightly firmer, WDS up 1.4% with uranium stocks also doing well, PDN up 2.3% and coal up too.

In corporate news, AMP jumped 9.8% on update, XYZ rose 11.2% on US Index inclusion. S32 rose 4.5% on FY production guidance. Nothing on the economic front, China left rates unchanged.

Asian markets modestly higher. Japan closed for Marine Day.

Pre-Market Report – Monday 21 July: US markets slip | Quarterly reports in focus

Mon, 21 Jul 2025 09:00:00 +1000

Wall Street recorded a rather flat session after briefly dipping following Trump’s updated threats to the EU regarding tariffs – the Financial Times reported that Trump wants a minimum tariff between 15-20%. Markets tiring of having to read between tariff headlines. S&P 500 flat, up 0.3% for the week. Nasdaq also flat, but up 1.4% for the week. Dow fell at open and was subdued for much of the session. Down 142 points, down 487 for the week. Mixed sector performance. Energy followed oil down while Healthcare also flat – renewed focus on tariffs a drag, US imports much of its pharmaceutical products from the EU. Utilities the best performer, strong recent run. Easing yields a boost to rate sensitive sector, REITS also in the top three performers. Cyclicals was the second best performer – strength of largest names pushed sector upwards, Amazon up 1.0%, Tesla up 3.2%.

ASX SPI down 49 - AMP - S32 in focus.

End of Day Report – Friday 18 July: ASX 200 up 118 to new record | Banks fire, graphite flies

Fri, 18 Jul 2025 16:00:00 +1000

The ASX 200 exploded 118 points higher to 8757 (1.4%) as banks and resources caught a wave of buying. BHP production numbers, coupled with iron ore gains in Asia, helped the Big Australian up 3.0%. RIO up 1.8% with FMG lagging only up 0.5%. Lithium and graphite stocks flew, LTR up 10.1% and PLS rallying another 8.6%, with MIN up 4.8% and ILU rising 5.0%. Graphite stocks were in demand, SYR up 25.9%, and TLG up 10.0%. Gold miners found some love late in the day, NST up% % with EVN rising % but uranium stocks dipping slightly. Industrials firmed across the board, WES up 1.4% with TCL up 0.9% and SGH rising 3.0%. Healthcare is too in demand, CSL rallying 3.6% on a broker report, and MSB is living up to its name on revenue, up 34.6%. Tech stocks are better, WTC up 1.2%, and XRO rising 1.0%. Banks, as usual, didn’t want to miss out. CBA up 0.9% with WBC rising 1.8% and MQG up 1.3%. The Big Bank Basket up to $286.78 (+1.1%). Financials are also in demand, IFL is better by 5.8% on reports that a deal is close. Insurers rose, REITS better, GMG up 1.5%, and SGP up 0.9%.

In corporate news, ALX fell 0.4% on US supreme court news, FBU rose 3.0% on a business update. Nothing on the economic front local.

Asian markets mixed, Japan down 0.2% ahead of weekend election, HK up 0.8% and China up 0.4%. 10-year yields steady at 4.33%

Pre-Market Report – Friday 18 July: US markets hit new records on earnings and data | Graphite in focus

Fri, 18 Jul 2025 08:00:00 +1000

Wall Street recorded a positive session against a backdrop of positive economic surprises. Retail sales rising more than expected and jobless claims falling, while major AI company Taiwan Semiconductors beat earnings expectations. S&P 500 up 0.54%, hitting new highs. Nasdaq up 0.75%. Dow started volatile, seesawing up and down, but found consistent strength from about 1pm onwards. Ended near high, up 230 points. Strong sector breadth. REITS flat and Healthcare dropped after being top performer yesterday, otherwise all sectors up. Financials the best performer, boosted by strong earnings this week. Industrials and Cyclicals followed, both economically sensitive, earnings and retail sales both pointing to the resilience and strength of the US consumer.

ASX to rise. SPI futures up 32 points (+0.37%). BHP Production report - Graphite to shine.

End of Day Report – Thursday 17 July: ASX 200 up 77 to new record | Banks surge, gold suffers

Thu, 17 Jul 2025 16:00:00 +1000

The ASX 200 marched back 77 points to 8639 (0.9%), new highs as jobs numbers opened the doors to an August rate cut. Banks led the charge, nothing new there, with CBA up % and the Big Bank Basket up to $283.65 (+1.5%). MQG rallied 0.9% with other financials doing well, GQG bouncing back 1.8% with IFL up 2.3% and XYZ gaining 5.1%. REITs firmed too on lower rates, GMG up 0.8% and SCG up 1.9%. Healthcare better too, COH up 2.3% and RHC rising 1.7%. Industrials firmed, CPU up 3.0% with ALL rallying 0.6% and the tech stocks better, XRO up 1.7% and WTC rising 0.4%. Retailers better too, HVN up 2.4% and LOV up 1.7%.

In resources, FMG rose 0.3% with RIO up 0.5% as iron ore hit a two-month high. A little bounce in lithium, PLS up 1.9% and LTR rising 1.8% after early losses. Gold miners weakened despite a bullion rise. NEM up 1.6% and NST off 0.5%. Rare earths took a breather. Uranium stocks flat, as was oil and gas.

In corporate news, CAR had a trading update, and the CEO resigned, falling 2.9%. PBH saw another bid from BBT. Some quarterlies in GMD and STO.

In economic news, Jobs numbers worse that forecasts with only 2k new jobs instead of 20k and unemployment rose to 4.3%.

Asian markets firmed as 10-year yields dipped to 4.35%. Asian markets mixed. Japan up 0.2%, HK up 0.2%, China up 0.4%.

Pre-Market Report – Thursday 17 July: US markets inch higher | Bank results fail to inspire

Thu, 17 Jul 2025 09:00:00 +1000

Wall Street recorded a modestly positive session despite major indices such as the S&P500 and the Nasdaq falling over 1% after Bloomberg reported that Trump would fire Fed chair Jerome Powell – Trump quickly denied the rumours, settling markets. S&P 500 up 0.32%, Nasdaq up 0.25%. Dow started flat, sharply dived on the Powell rumours, and recovered after Trump denied them, steadily rising from there. Closed near high, up 231 points. Strong sector breadth. Cyclicals flat and Energy followed oil down, otherwise all sectors up. Healthcare the best performer. Boosted by Johnson & Johnson, which rose 6.2% after its strong earnings guidance which halved expectations for tariff-related costs. REITS and Financials next best performers, yields fell, and multiple earnings beating expectations, although the individual companies had mixed responses – Goldman Sachs (+0.9%), Bank of America (-0.3%), Morgan Stanley (-1.3%).

Resources down, weaker dollar couldn’t boost them. Oil down again, US inventory build increasing supply without rise in demand. Copper modestly down 0.2%, nickel and lead down over 1%.

ASX to rise. SPI futures up 54 points (+0.63%).

End of Day Report – Wednesday 16 July: ASX 200 drops 69 | Banks under pressure, gold miners fall

Wed, 16 Jul 2025 16:00:00 +1000

The ASX 200 fell 69 points to 8562 after a record yesterday. Banks were weak on proposed RBA charges changes, CBA off % with the Big Bank Basket down to $279.26 (-1.5%) NAB under extra pressure on CEO issues, down 3.4%. Financials generally eased back, MQG off 0.8% and insurers down, QBE off 1.0%. REITs too under pressure with GMG down 0.2% and SCG falling 0.5%. Healthcare mixed, CSL fell 1.3% on US tariff issues on pharmas, PME up 1.7% and FPH slightly firmer. Industrials mostly lower, TCL off 0.7%, ALL down 1.7% and WOW and COL easing back as did TLS. Utilities pulled back as ORG fell 1.1% and AGL down 0.8%. Tech gained, WTC up 0.6%.

In resources, it was all about rare and critical metals. News of Apple’s investment rocked the sector to the core, with good gains across the board. ILU rose 4.3% with LYC flat, even ARU rose 4.9% with MEI up 14.3%. Gold miners fell on NEM news, quarterlies doing nothing to help on profit taking after rises yesterday. NST falling 2.2% EVN down 2.3% on quarterly and WAF down 3.4%. Lithium stocks held up relatively well. BHP down 0.7% despite iron ore hitting $100 in Singapore. Uranium stocks up again, PDN up 3.3% and BOE up 3.3%. Oil and gas flat.

In corporate news, LLC fell 1.7% on a luxury development news. RIO up 0.2% on quarterly and CEO change.

Pre-Market Report – Wednesday 16 July: US markets fall on CPI | Nvidia saves Nasdaq

Wed, 16 Jul 2025 08:00:00 +1000

Wall Street recorded a mixed session as most sectors fell although news of Nvidia’s planned resumption of sales of its H20 AI chip to China boosted the stock, helping to lift the Nasdaq. In broader economic news, tariff uncertainty continued to weigh on stocks and the latest US CPI reading showed tariff-induced price increases starting to appear, rising 0.3% in June, up from 0.1% in May, as expected. July and August will show further tariff-related figures begin to appear in hard economic data as many businesses were previously selling pre-tariff bought stock. S&P 500 down 0.4%, Nasdaq up 0.18%. Dow steadily fell from the open, ended near the low. Down 436 points. Narrow sector performance with only Tech recording gains. Nvidia news boosted stock 4.0% and helped other Tech stocks with Broadcom rising 1.9% and Microsoft gaining 0.6%. Inflation data ticked up which hurt rate-sensitive sectors. Economically sensitive sectors and indices also fell as tariff uncertainty continues, Materials down over 2% and the Russell 2000 fell 2.0% too.

Resources mixed, stronger dollar after the CPI reading a drag. Oil dropped as Trump ‘s 50 day deadline to Russia to agree a peace deal with Ukraine or face new sanctions eased any immediate supply concerns. Copper made modest gains, nickel rose 1% while zinc fell by 1%.

ASX to rise. SPI futures down 68 points (-0.79%).

End of Day Report – Tuesday 15 July: ASX 200 hits new record | Banks rally, CSL up nearly 4%

Tue, 15 Jul 2025 16:00:00 +1000

The ASX 200 drove 60 points higher at a new record of 8630 (+0.7%). Banks rallied with the Big Bank Basket up to $283.45 (+0.5%). Other financials also in demand, MQG up 1.4% and ASX up 0.9% with insurers rising, QBE up 1.2% and MPL rallying 1.0%. REITs back in demand, GMG up 1.1% with SCG rising 0.5%. Healthcare too doing well, CSL leading the charge, up 3.8% with RMD up 0.7% and PME putting on 2.4%. Industrials firmed reversing yesterday’s losses, BXB up 0.9% and QAN rising 1.6%. Retail mixed, LOV up 2.0% but other slipping. Gaming stocks better, ALL up 1.2%. Tech sector a standout with WTC up 1.8% and XRO bouncing 1.1%. The All Tech Index up 1.8%.

Defence stocks continue to soar, DRO up 14.8%. In resources, a mixed picture BHP, RIO and FMG all falling around 1% on iron ore slipping. Gold miners were better with NEM up 1.1% and NST up 1.5%. Lithium stocks depressed, PLS down 4.6% and MIN falling 1.0%. Uranium stocks doing well, PDN up 7.9% on a broker upgrade. Rare earth stocks also in demand. In corporate news, HUB rose to record highs on new FUM inflows. TYR fell 2.7% on RBA moves to cancel fees for consumers.

In economic news, Chinese GDP rose to 5.2% higher than expected and local consumer confidence rose. US CPI data tonight. Asian markets mixed with Japan up 0.3%, HK up 0.5% and China down 0.2%. 10-year yields at 4.38%.

Pre-Market Report – Tuesday 15 July: US markets inch up | Bitcoin at record

Tue, 15 Jul 2025 08:00:00 +1000

Wall Street recorded a modestly positive session against a backdrop of continued tariff uncertainty and threats and renewed Trump pressure on Powell to cut rates and/or step down. S&P 500 up 0.14%, Nasdaq up 0.27%. Dow steadily rose from the open, in a choppy morning session but found consistency toward the end of the day. Finished near the high, up 88 points. Financials best performing sector, Q2 earnings seasons kicks off tomorrow Australian time, expected to be positive. REITS, a correlated sector and once part of Financials in GICS classification, was the second best performer, followed then by Industrials and Utilities. Energy the worst, followed oil down lower.

Resources down. Oil dropped as Trump gave Russia 50 days to agree a peace deal or face new sanctions. Stronger dollar did not help resources. Copper, nickel and tin all fell.

ASX to rise. SPI futures up 51 points (+0.6%). Bitcoin hit new highs at over $120k, up 2.2%.

End of Day Report – Monday 14 July: ASX 200 falls 10 points | Iron ore, lithium, and gold rally hard

Mon, 14 Jul 2025 16:00:00 +1000

The ASX 200 ended down 10 points at 8570 as the move out of banks to resources continued. Banks eased slightly with the Big Bank Basket down to $282.02 (-0.4%). ANZ the worst of the four with MQG up 0.2% and AMP rising 1.4%. BNPL XYZ and ZIP fell 2.8% on JP Morgan moves on charges, REITs firmed ever so slightly, GMG up 0.3% and industrials eased, CPU down 3.0% with QAN off 0.9%, SGH down 0.8% and ORG falling 0.9%. Retailer flat and tech slipping, XRO continuing to fall, WTC down 1.3%. Resources saw buyers again, BHP up 0.9% as iron ore closed on US$100 in Singapore. Lithium stocks rallied from a lacklustre open as shorts covered again. PLS up 6.5% and LTR rising 3.1%. MIN up 1.5% with feet in both camps. Gold miners too back in demand, NST rallied 1.7% with NEM up 1.7% and EVN rising 1.9%. Oil and gas firmed, and uranium powered ahead as shorts covered. BOE up 2.0% and PDN up 2.9%.

In corporate news, ASK on the end of a 165c bid. CCX fell 1.2% on a trading update, issues in US hurting. DRO jumped 17.0% on increased R&D spending, HSN rallied 10.9% on business update.

Nothing on the economic front locally but Chinese exports showed promise.

Asian markets firm but not spectacular. HK up 0.4%.

10-year yields up to 4.36%

Pre-Market Report – Monday 14 July: ASX to open slightly lower

Mon, 14 Jul 2025 09:00:00 +1000

Wall St drifted down on Friday night. Tariff talk dampening sentiment but no major damage. S&P 500 down 0.33%, closing near the high. Nasdaq down 0.22%. Dow off 279 points. Small Caps underperformed. Off 1.03%. Stocks held up surprisingly well considering the 35% tariff threat on Canada and 15%-20% blanket tariffs which came in addition to Brazil’s 50% hit, 50% on copper and uncertainty over what will happen with the EU.

The bloc received its letter from Trump on Saturday night. 30% tariffs to be imposed on most imports. Mexico receiving the same treatment. EU leaders said they will suspend any immediate retaliation and extend existing countermeasures until early August in a desire to avoid tit-for-tat escalation. Countermeasures against steel, aluminium and blanket tariffs had been set to expire today. The EU is facing conflicting interest as some members (like Germany) want a quick deal to safeguard its industries while others (like France) don’t want to give in to cheap concessions. This was evident over the weekend in commentary from the two heads. Merz saying he was ‘really committed’ to finding a trade solution with the US, Marcon saying the EU needs to ‘assert the Union's determination to defend European interests resolutely’, pointing to anti-coercion trade production measures.

End of Day Report – Friday 11 July: ASX 200 down 9, 23 points for the week | Rare earths flying

Fri, 11 Jul 2025 16:00:00 +1000

The ASX 200 drifted 9 points lower to 8580 (0.1%) as we wait and see what the weekend brings on tariff news. Banks eased back with CBA down 0.5% with the Big Bank Basket down to $283.17 (). MQG fell 1.5% and insurers also under pressure. REITS slipped, GMG down 1.8% with SCG off 1.3% as yields rose to 4.33%. Healthcare eased, CSL down another 0.6% with FPH falling 1.7%. Industrials also on the wane with WES down 0.7% and ALL down 1.1% with the techs under pressure too. XRO falling again by 1.5%. Retailers in trouble too, JBH down 2.1% and LOV down 2.5%. The bright spot was resources. Iron ore and rare earths. BHP up 2.8% as iron ore prices rose again, RIO up 2.3% with LYC up 16.7% and ILU flying 22.9% on US Pentagon news on MP Materials. Lithium stocks also doing well, LTR up 1.3% and PLS rising 1.6% with MIN storming 7.8% ahead. Gold miners sagged, NST continued its drop, down 2.2% and EVN off 1.5%. STO fell 0.9% on broker research on bid, coal better, WHC up 2.7% and uranium flat.

In corporate news, JLG rallied 22.6% on news that PE is bidding 400c in a scheme. VNT fell 1.9% on a new fibre upgrade contract. ASM jumped 8.4% on a scoping study for Dubbo project.

Nothing on the economic front.

Asian markets were mixed, with Japan up 0.1%, HK up 1.5% and China up 0.7%.

Pre-Market Report – Friday 11 July: Futures up 27 as hopes for Chinese stimulus lift resources

Fri, 11 Jul 2025 08:00:00 +1000

End of Day Report – Thursday 10 July: Quiet day | Gold bounces, both banks and resources up

Thu, 10 Jul 2025 17:00:00 +1000

The ASX 200 rose 51 points to 8589 (+0.6%). Banks were strong again with CBA up 0.8%, the Big Bank Basket up to $284.27 (+0.8%). Financials were firm with MQG up 0.4% and PNI up 1.8%. Insurers were mixed with MPL up 1.2% and NHF better. REITs firmed with GMG up 0.9% and VCX up 1.2%. Industrials better as BXB rallied 1.5% with TCL up 1.0% as CPU up 2.1%. Tech was mixed, with the All -Tech Index unchanged. Retail better too, JBH up 1.4% and LOV up 5.1% TPW up 1.8%. Resources better, led by BHP up 1.2% and FMG up 1.9%. Gold miners bounced back with NEM up 1.5% and PRU up 3.2%. Lithium stocks were also better with LTR up 6.7% and MIN up 3.7%. Uranium stocks eased again, BOE down 3% with PDN down 2.0%. In corporate news, IMR down 15.1% as approvals had fallen behind, AEL with board appointments.

On the economic front, building approvals out today.

Asian markets were mixed, with Japan down 0.7%, HK up 0.4% and China up 0.7%.

Pre-Market Report – Thursday 10 July: A good night | SPI futures up 45, Big Tech higher

Thu, 10 Jul 2025 08:00:00 +1000

End of Day Report – Wednesday 9 July: ASX 200 falls 52 points | Gold miners smashed

Wed, 09 Jul 2025 16:00:00 +1000

The ASX 200 fell 52 points to 8539 (0.6%) as losses accelerated in the afternoon. Banks helped relatively firm with CBA losing only % with the Big Bank Basket down to $281.96 (-0.1%). MQG dropped 2.5% and insurers losing steam, SUN down 0.8% and IAG off 1.2%. Healthcare under pressure, CSL down 0.9% on US tariff moves, SIG fell 3.3% and TLX bucked the trend rising 5.6% on good US code news. REITS stumbled lower as yields rose, GMG down 2.6% and SGP off 1.5%. Industrials also eased back, TCL down 0.9% with BXB off 0.6% and SGH falling 1.1%. Retail a little better and tech easing back. In resources, gold miners got walloped as AUD bullion prices staggered lower, NST fell 3.4% with EVN off 7.0% and GMD down 5.6%. The big iron ore miners slipped, BHP down 1.0% and RIO down 0.6%. Lithium stocks better, PLS up 1.7% and LTR rising 5.6%. Oil and gas stocks a little better, coal too and uranium falling hard, PDN down 8.3% and BOE off 7.6%.

In corporate news, LIC crashed 37.3% on the recent court ruling. TLX jumped on Gozellix news.

Nothing locally on the economic front. In China, PPI fell more than forecast. Asian markets mixed with five new IPOs listing today in HK. 10-year yields jumped to 4.34%.

Pre-Market Report – Wednesday 9 July: US markets flat on tariff news | Copper jumps in US

Wed, 09 Jul 2025 09:00:00 +1000

Wall Street was mixed and choppy as markets awaited further clarity on US trade policy and country specific tariffs. Trump also announced he would place a 50% tariff on imported copper. S&P 500 down 0.07%, Nasdaq up 0.03%. Dow seesawed throughout the early hours of the open but settled from about 1pm toward the low. Finished down 166 points. Mixed sector performance. Energy and Materials the best two performers after being amongst the three worst yesterday – correction after sell-off. Healthcare also did well despite Trump stating that pharmaceutical tariffs could reach 200%. Tech was rather flat. Financials sold off, with Utilities behind them after being the best performer in the previous session.

Another slow day regarding major corporate news. Will pick up during earnings season. Tesla rose 1.3% after seeing its single steepest daily fall in a month on Monday. Moderna jumped 8.8% as leading medical organisations filed a lawsuit that Robert F Kennedy and the Department of Health’s Covid-19 vaccine policies pose a threat to public health. Wendy’s (-0.1%) CEO Kirk Tanner left his post to join Hershey’s (-3.2%).

Resources mostly up. Oil hit two-week high after EIA announces US is to produce less oil this year than expected. US Copper shot up 10% after Trump announced his intention to tax imported copper 50%. News boosted base metal generally, zinc and aluminium both rose.

ASX to fall. SPI futures down 9 points (-0.1%).

End of Day Report – Tuesday 8 July: ASX 200 gains 1 point in late push | RBA leaves rates unchanged

Tue, 08 Jul 2025 16:00:00 +1000

ASX 200 rose 1 point to 8591 as the RBA kept rates on hold. Bullock's press conference calmed nerves and prompted a late recovery from small losses. The AUD jumped and yields pushed higher on the news, but the reaction was relatively muted. Banks were steady with CBA up 0.8% and the Big Bank Basket up to $282.25 (+0.6%). Insurers were weaker, QBE down 0.6% and SUN off 0.6% as financials drifted lower. Industrials too drifted lower, SGH down 1.5% with PMV off 2.3% as WOW and COL slumped around 1.3%. REITs too fell as yields rose. SCG down 1.3% with GPT off 1.2%. Tech stocks slightly better, WTC up 0.4% and TNE up 1.1% with the All-Tech Index up 0.6%. Resources were mixed with BHP leading the iron ore miners down, off 0.9% with lithium slightly firmer, PLS up 2.1% and gold miners in demand again, NEM up 2.4% and GMD up 2.9% with OBM bouncing hard, up 8% after a huge sell-off. Oil and gas fell, uranium producers firmed, PDN up 0.8% and DYL up 2.6%. In corporate news, PTM rose 3.0% after agreeing to a merger with L1 Capital. On the economic front, the NAB business survey was better than expected. RBA on hold again. Timing, not direction the issue. 10-year yields 4.26%

Asian markets better with Japan up 0.3%, China up 0.7% and HK up 0.6%.

Pre-Market Report – Tuesday 8 July: US markets rattled by Trump tariff letters | RBA at 2.30pm

Tue, 08 Jul 2025 09:00:00 +1000

Wall Street stumbled as Trump announced new tariff rates on Japan and South Korea of 25%, effective from August 1st, as tariffs return to the forefront of investors’ minds. S&P 500 down 0.79%, Nasdaq down 0.92%. Dow fell at open, and continued to fall until about 1pm, remaining steady from there. Finished toward lows, down 422 points. All sectors excluding Utilities in the red. Cyclicals the worst performer, Tesla dragging it down after dropping 6.8%. Musk said he was stepping away from politics earlier this year to focus on a struggling Tesla and his recent U-turn, launching a new political party, has not been taken well. Energy and Materials second and third worst performer, economically sensitive sectors, global slowdown fears reignited by latest tariffs.

Resources mostly down. Oil jumped after the announcement of US tariffs on Japan and South Korea. Dollar strengthened after announcement of tariffs which weighed down other resources. Nickel, aluminium, zinc and tin all shed over 1%.

ASX to fall. SPI futured down 44 points (-0.51%).

End of Day Report – Monday 7 July: ASX 200 down 14 | ORG shines, NST heads south

Mon, 07 Jul 2025 16:00:00 +1000

ASX 200 drifted 14 points lower to 8589 (0.1%). CBA held up with the banks drifting slightly lower. The Big Bank Basket is down to $280.46 (-0.2%). Financials firmed in places, IFT up 3.1% and NWL rising 1.5%. REITS soft with GMG down 0.5% and SCG off 0.8 %. Industrials mixed, SGH up 1.0% with QAN rising 1.0% with retails slightly firmer as RBA looks to cut tomorrow. ORG was a standout up 6.8% on an Octopus update from the UK. In resources, Gold miners took a hit with production and costs weighing on NST, off 8.7%. Other golds follow lower with the bullion price off too. EVN down 2.2% and OBM falling 6.8%. Lithium once again depressed, PLS off 4.3% and LTR falling 5.3%, shorts back and selling. Uranium stocks mixed, BOE down 2.4% and DYL up 0.9% with coal better, Oil and gas mixed, WDS off 0.8% and STO up 0.4%. In corporate news, S32 down 0.6% on news of the sale of its Cerro Matso nickel project. MIN fell 2.0% as it named two new independent directors.

Nothing on the economic front. Asian markets eased with Japan down 0.6%, China down 0.5% and HK off 0.3%.

10-year yields rising to 4.19%.

Pre-Market Report – Monday 7 July: US markets closed Friday | RBA this week

Mon, 07 Jul 2025 09:00:00 +1000

European markets finished mixed Friday. Wall Street shut for the Independence Day Holiday. STOXX 600 down 0.48%. FTSE flat and Germany down 0.61% as EU envoys failed to reach a breakthrough on US trade negotiations. Banks and mining stocks the worst performers. Nasdaq up 1.6%. S&P 500 up 1.7% as the ‘buy everything’ narrative continued this week which saw Trump’s Bill signed into law, the US labour market show unexpected strength, and the financial year wrap up.

Commodities mixed Friday. US copper shut but LME finished down 0.8%. Flat over the week, global copper stocks holding onto last week’s huge gains (WIRE was up 8%).
Brent down 0.5% as OPEC raised production. Middle East conflict all but forgotten.
Iron ore gained for the 2nd week in a row on improved Chinese sentiment. BHP up 3.2% while RIO finished the week flat.

SPI up 9 - US Futures ease Sunday night.

End of Day Report – Friday 4 July: ASX 200 up 7, 1% for the week | CBA falls again, BHP down 1.6%

Fri, 04 Jul 2025 16:00:00 +1000

ASX 200 rose 7 points to close near to a record of 8603. Once again, we saw the sell-off in CBA down 0.9% with ANZ the main beneficiary up 0.8%. The Big Bank Basket fell to $281.10 (-0.3%). Financial services back in favour, NWL up 0.6% and PNI flying up 3.4%. HUB also doing well, insurers bouncing back slightly, REITs better with GMG up 0.9% and SCG up 1.1%. Healthcare also better, CSL up 0.7% and RMD up 1.4% with tech better, WTC up 1.1% and the All-Tech Index up 0.3%. Retail rose, AX1 up 2.8% and PMV rising 1.4%. Travel stocks better too. Resources were back on the nose. One day wonder? BHP down 1.4% with RIO off 1.3% and lithium stocks drooping, PLS off 0.7%. Gold miners were mixed, NEM up 0.4% and GMD down 1.2%. Oil and gas flat with profit taking in coal miners and uranium stalling.

In corporate news, SLH up 23.3% as ACCC gives it the green light. MND up 0.7% on contract news, and RUL up 14.0%, doing well on an update. Nothing on the economic front.

US Markets closed tonight. Futures off slightly.

Pre-Market Report – Friday 4 July: US markets at highs, ASX to follow | Jobs numbers and OBBB cheer

Fri, 04 Jul 2025 08:00:00 +1000

Wall Street continued to reach new heights as a stronger-than-expected nonfarm payrolls report reinforced the strength of the US economy and Nvidia approached a valuation of $4T, coming close to breaking Apple’s record as the most valuable company ever. S&P 500 up 0.83%, Nasdaq up 1.02%. Dow rose early in the day and steadied from about 11am onwards, ending the session near its high. Up 344 points. All sectors up with the worst performing sector, Materials, remaining flat after a positive Wednesday. Financials the best performer, positive reaction to nonfarm payrolls and underlying strength of US economy. Tech a close second. ServiceNow and Crowdstrike both recorded gains of around 3.5%. Nvidia gained 1.3% as it comes close to becoming the most valuable company ever. Utilities was the third best performing sector, demonstrating the breadth of the previous session’s euphoria – yields ticked up after nonfarm payrolls dashed hopes of a July cut, should have dampened Utilities performance.

ASX to rise. SPI futures up 26 points (+0.3%).

End of Day Report – Thursday 3 July: ASX 200 down 2 points | CBA sold down again, BHP up 5.6%

Thu, 03 Jul 2025 16:00:00 +1000

ASX 200 down 2 to 8596 on a volatile day as banks saw selling and money move to BHP and other resources. CBA was down for another day, as its now four out of five down days closing off % with the Big Bank Basket down to $282.16% (-1.6%). ANZ outperformed up 0.5%. Financials under pressure across the board, MQG down 0.8% and insurers falling hard. QBE off 2.2% and SUN down 3.4%. Defensives generally on the nose, TLS down 1.2% and REA off 3.4% with WES falling 2.0% together with WOW and COL. Tech mixed as XRO fell again and WTC up 1.2% despite more front-page news! Healthcare mixed, CSL up 0.5% and PME racing 7.8% ahead on news of two contract wins. Resources were the stars today, at least BHP up 5.6% with RIO and FMG also up but more modestly, around 1.8%. Gold miners finding some friends, NEM up 1.4% and WAF up 1.3%. Lithium stocks better, PLS up 11.3% with LTR rising 5.0%, MIN up 7.8% with coal stocks also back in favour, WHC up 8.2%. Uranium stocks eased back. WDS and STO slightly better.

In corporate news, GLF rose 4.1% on its debit. VGN sinking 1.9% towards issue price. RPL ran 9.3% on $35m performance fee. On the economic front we had the trade balance numbers. Asian markets mixed, Japan unchanged, China up 0.6% and HK down 0.8%.

10-year yields rising to 4.18%

Pre-Market Report – Thursday 3 July: US markets push up | Tesla up 5%

Thu, 03 Jul 2025 08:00:00 +1000

Wall Street reached new highs as Tech stocks rallied and a trade agreement with Vietnam helped to calm nerves about a prolonged trade war. S&P 500 up 0.47%, Nasdaq up 0.94%. Dow fell at open, recovered and rose further, peaking at midday, and finished the session in the middle of its range. Down 11 points. Most sectors up. Energy led the charge, following oil up which rose 3% as Iran suspended cooperation with the UN nuclear watchdog. Materials also up, rising as the Vietnam trade deal eased global trade concerns – economically sensitive sector. Tech and Cyclicals also did well. Chip stocks bounced, Nvidia rising 2.6%, while Apple continued its good week, up 2.2% without major news. Tesla also rallied 5%, a partial recovery from yesterday’s losses, despite the headlines surrounding the EV maker continuing to be negative with focus on how this year will be the second year of shrinking sales. Healthcare, Utilities and Cyclicals were all in the red. Uptick in yields hurt the latter two.

SPI down 17 - Iron ore up 2.5% on Chinese moves - Resources to shine

End of Day Report – Wednesday 2 July: ASX 200 up 57, hits record highs as miners rally | DMP crashes

Wed, 02 Jul 2025 16:00:00 +1000

ASX 200 rose 57 points to 8598 (0.7%) to a fresh record high as retail sales opened the door to a rate cut next week. Resources leading the way higher with BHP, RIO and FMG all doing well, FMG the best up 3.8%. Some movement in base metal stocks too on Chinese economic hopes, S32 up 5.1% with gold miners flat. Oil and gas firmed, WDS up 1.1% and STO up 0.5%. Lithium stocks eked out some gains with uranium miners flat. Industrials were the real winners today, WES up 0.8% as retail stocks gained on rate cut hopes. DMP crashed 15.8% as its new CEO went ex. WOW and COL firmed with ALL up 1.9% and TLS gaining 1.0%. REITs firm on cut hopes, GMG up 2.1% and SCG gaining 2.7%. Tech stocks mixed, WTC up 1.4% and XRO off 2.1%. Banks were early losers but found favour and pushed slightly higher as CBA rose 0.6% and the Big Bank Basket up to $286.64 (+0.2%). In corporate news, HLI fell 21.4% as it lost the ING contract. QAN dropped 2.2% as it got hit with a cyberattack. On the economic front, Retail sales came in at 0.2% higher, slightly below forecast.

Asian markets mixed again, Japan down 0.4% on Trump tariff threats, HK up 0.5% and China flat.

10-year yields rose to 4.14%. Dow futures up 120, and Nasdaq futures up 70.

Pre-Market Report – Wednesday 2 July: Dow up, tech down | Retail sales due

Wed, 02 Jul 2025 08:00:00 +1000

Wall Street began the quarter with a mixed session as Trump’s tax and spending bill passed the US Senate and Tesla hit a 3-week low. Trump and Musk’s feud was reignited by some social media posts in which Musk criticised the bill and Trump threatened to cut various government subsidies. S&P 500 fell 0.11%, Nasdaq down 0.82%. Volume was low in the holiday shortened week. Dow steadily rose throughout the day, finishing near the high. Up 400 points. Most sectors up. Tech the major drag, Utilities the only other sector to record a loss. No major reason for the pullback in Tech – some profit taking, jitters over concentration. Nothing concerning yet. Materials by far the best performing sector. Economically sensitive, boosted by positive economic news, as US job openings increased unexpectedly in May while ISM manufacturing PMI came in at 49, beating forecasts of 48.8. Expectations of stimulus also a tailwind.

ASX to rise. SPI futures up 19 points (+0.22%). Gold and copper up.

End of Day Report – Tuesday 1 July: ASX 200 down 1 point in quiet trade

Tue, 01 Jul 2025 16:00:00 +1000

ASX 200 fell just 1 point to 8541 in quiet trade as banks came under some pressure. CBA sold down 1.2% as money flowed to other three, ANZ up 2.5% the big winner. The Big Bank Basket flat at $286.04 (0.4%). MQG drifted 1.0% lower, and financials steady, GQG up 2.2% and IFL up 5.2% on news CC Capital was still actively trying to stitch the takeover together. Insurers mixed, REITs better, SCG up 2.8% and VCX up 1.6% with industrials drifting around. SGH fell 2.9% on Boral CEOs retirement. JHX fell 2.2% and tech eased, WTC down 1.0% but XRO rallying 1.2%. Retail flat. In resources, the iron ore majors steadied, FMG up 0.7% and gold miners rallied, NEM up 2.0% and BGL up 3.9%. Oil and gas stocks becalmed with uranium mixed, PDN down 1.4% and DYL recovering some poise up 5.4%.

In corporate news, FND were suspended for not filing reports on time. MSB jumped 11.2% after progress made on FDA. HMC fell 17.3% as energy transition head, Angela Karl stepped down.

Nothing on the economic front today. Chinese Caixin PMI rose, and EU CPI tonight.

Asian markets mixed, Japan down 1.4%, HK closed and China up 0.2%.

10-Year Yield falling to 4.11%.

Pre-Market Report – Tuesday 1 July: US markets hit records | SPI down 3

Tue, 01 Jul 2025 09:00:00 +1000

Wall Street ended the quarter on a high as both the S&P 500 and the Nasdaq reached record levels. Putting the bow on their best quarter in over a year, buoyed by possible trade deals and rate cuts. S&P 500 up 0.52%, Nasdaq up 0.47%. Dow was choppy in the early stages of the session, falling and rising intermittently, but found strength to finish near the high. Up 276 points. Most sectors up, Energy and Cyclicals the exception. The former is deflating from the recent, sharp drop in oil while the latter was weighed down by Tesla and Amazon, the two largest companies, falling 1.8% each. REITS was the best performing sector, falling yields and expectations of rate cuts benefitting the sector. Financials gained, additionally boosted by their victory in the Fed’s annual health check which prepared the stage for stock buybacks and dividends.

Resources mixed. Oil mixed as Brent and WTI diverged. Weakening dollar offered some support but there were little major gains. Nickel, zinc, iron ore all fell.

ASX to open flat. SPI futures down 3 points (-0.0%).

End of Day Report – Monday 30 June: ASX 200 up 28, 10.2% this financial year | JHX soars on US listing

Mon, 30 Jun 2025 16:00:00 +1000

ASX 200 marched 28 points higher to 8561 (0.3%). After a tepid start, US futures kicked higher on trade deal hopes, dragging the ASX with it. Small closing sell-off from highs. Banks steady after early losses, the basket up to $287.13 (%). MQG up 3.9% on a broker upgrade, financials and insurers better too. NWL up 2.4% and IAG rising 1.7%. Healthcare got a kick, CSL up 2.2% and PME rallying 1.6%. Industrials generally firmed, WES up 0.7% and ALL rallying 1.3% with QAN up 1.8%. VGN dropped 2.8%. Retail stocks higher with JBH up % on EOFY activity. Tech firmed, WTC up % and TNE rising 1.2% as the ALL-Tech Index rose 0.7%. Resources were mired in losses for iron ore miners, BHP, RIO both copping a 1.5%+ loss. Rare earths eased and lithium off too with MIN up 1.6% on sale of its Yilgarn hub. Oil and gas stocks flat with KAR up 1.1% with coal stocks flat and uranium mixed. DYL fell 5.7% with PDN up 0.8%.

In corporate news, JHX rose 7.1% after the Azek vote. DRO fell 4.2% after early gains on a Latam order. Nothing locally on the economic front, China’s factory activity improved for a second month but remained in contraction.

Asian markets mixed, Japan up 0.6%, HK off 0.3% and China up 0.3%

10-Year Yield rising to 4.16%.

Pre-Market Report – Monday 30 June: US markets hit records | BKW update

Mon, 30 Jun 2025 08:00:00 +1000

Wall St rose Friday to reclaim record highs in a volatile session. S&P 500 and Nasdaq up 0.52%. Dow up 432. Small caps up 0.24%. Stocks initially rose as the PCE price index came in line with expectations and US/China announced progress on their trade deal framework – fell after Trump cut off trade negotiations with Canada – then reversed to rally into the close. S&P 500 up 3.4% for the week. Nasdaq up 4.25%, its best in two months.

Bond yields rose despite another gain on Wall St. US10Y and 2Y up 3bp. The weekly moves tell the real tale. US10Y down 10bp, 2Y down 16bp. Another sign of the markets risk appetite came from corporate junk bonds falling on average to 6.8%. The lowest level since December.

ASX SPI up 5 - BKW update - Quiet end to the financial year.

End of Day Report – Friday 27 June: ASX loses its gains

Fri, 27 Jun 2025 17:00:00 +1000

The ASX 200 fell 37 points to 8514 (-0.4%) as banks saw profit taking as EOFY approaches. The Big Bank Basket down to $287.72 (-2.4) with CBA down 2.8%. Industrials were also weaker across the board with resources taking the crown today. BHP, RIO, and FMG all putting on the ritz following a 1.9% gain in Iron ore prices in Singapore. Early gains of 50 plus were eradicated as banks fell. Gold miners also slipped as copper stocks took the stage, CSC up 6.7% and SFR rising 3.2%. Lithium in demand as PLS rose 4.6% and even MIN up 1.5% with uranium stocks doing ok, following gains overnight. PDN up 3.2% and BOE up 2.4%.

Pre-Market Report – Friday 27 June: US markets close on all-time highs | Resources in focus

Fri, 27 Jun 2025 08:00:00 +1000

Wall Street continued forward with the S&P 500 and the Nasdaq just shy of all-time closing highs. The major US indices benefitted from the continued ceasefire in the Middle East and weakening economic data which supports rate cuts. Fed will cut at the September meeting, not the July one. S&P 500 up 0.8%, Nasdaq up 0.97%. Dow rose steadily throughout the day, ended near high. Up 404 points. Most sectors up. REITS and Staples the exceptions, the former suffering after US new home sales fell to seven-month lows. Energy leading the charge, recovering from some of its recent drop following the Israel-Iran ceasefire. Financials also a big winner. Fed unveiled a proposal which would allow them to increase their leverage against low risk assets. Tech and Cyclicals also did well as risk-on sentiment dominates the market mood.

Resources gained. Oil rose after recent declines, US demand. Dollar weakness benefited most commodities. Copper, zinc and tin all jumped over 1%.

ASX to rise. SPI futures up 52 points (+0.61%). Resources to shine.

End of Day Report – Thursday 26 June: ASX 200 falls 8 points in quiet trade | XRO back trading

Thu, 26 Jun 2025 16:00:00 +1000

The ASX 200 fell 8 points to 8551 in quiet trade. Banks fell slightly with the Big Bank Basket at $294.91 (0.1%). ANZ the star playing some catch-up up rising 2.2%. Insurers slid, QBE off 0.6% and financial services continued to push higher. PNI up 1.5% and HUB putting on 1.6%. REITs slipped, GMG off 1.3% and SCG down 0.6%. Industrials generally weaker, TCL down 0.6%, BXB off 0.5% and tech under pressure as XRO resumed trade after placement. Off lows but still down 5.3%. The All-Tech Index dropped 1.0%. Retail and travel stocks mixed, LOV down 1.1% with FLT up 0.8%. Pizza and burritos down, KFC up, LNW pushing ahead again, up %. Resources were mixed. Lithium showed signs of life with Vanguard taking a stake in PLS, up 5.6% and MIN rallying 3.6%. The iron ore miners were flat, gold miners fell, NST down 2.3% and EVN off 0.9%. Uranium stocks slightly better, BOE up 2.0% though BMN dropped 9.9% after a cap raise. Oil and gas mixed, WDS off 0.6% with STO up 0.8%.

In corporate news, XRO returned to trade, NEU ran hard up 6.1% on US news. AZJ fell 0.3% on an earnings update.

Nothing on the economic front. Asian markets mixed, Japan up 1.7%, HK down 0.9%, China down 0.4%. 10-year yields steady at 4.11%.

Pre-Market Report – Thursday 26 June: US markets hit wall | Gold steadies

Thu, 26 Jun 2025 08:00:00 +1000

Wall Street recorded a mixed session as the initial euphoria of the Israel-Iran deal wore off and investors weighed Powell’s second day of congressional testimony – it was nothing we had not heard before or weren’t expecting, hardly market moving. S&P 500 flat, Nasdaq up 0.31%. Dow fell steadily throughout the day, but recovered somewhat during the final hour of trading. Ended mid-range, down 107 points. Most sectors negative. Tech the lone major positive standout, after Loop Capital raised Nvidia’s price target to $250, lifting Nvidia 4.3% to record highs while other AI plays, such as Alphabet, also benefited, rising 2.3%. Healthcare and Financials also recorded more modest gains of 0.1%. Defensives struggled. REITS, Utilities and Staples all fell over 1%. No major corporate news to report, market in limbo at the moment.

Resources gained. Oil steadied after sharp declines following the ceasefire. Dollar rather steady, commodity demand the key driver. Nickel, zinc and tin all rose over 1%.

ASX to fall. SPI futures down 37 points (-0.43%). Gold and oil steady. Jobs data today.

End of Day Report – Wednesday 25 June: ASX 200 up 4 points | Banks vs resources continues

Wed, 25 Jun 2025 16:00:00 +1000

The ASX 200 trod water rising 4 points to 8559 as CPI numbers came in below forecast. Narrow trading range. Banks were firm again, CBA up another 1.7% with the Big Bank Basket at $295.09 (+1.5%). Financials also doing well, GQG up 9.1% and XYZ up 1.0% with REITs better on rate cut hopes. GMG up 0.4% and CHC rising 1.2%. Industrials were mixed, retail better on rates, LOV up 1.9% and NCK rallying 3.3%. Travel stocks better too, CTD up 2.2% with LNW soaring as ALL fell 0.9%. SGH continue to push to new highs, QAN up 0.8% with VGN up 3.4% on day two.

Resources were once again under pressure. The big three are getting smaller, BHP down 1.0% and FMG off 2.3%. Lithium stocks fell, MIN off 6.0% and PLS falling 3.1%. Gold miners too slipping again as bullion eases back. NST down 2.6% and GMD down 4.0%. Oil and gas stocks continue to suffer despite crude finding buyers, STO down another 1.2% with uranium steady and coal down, WHC off 2.2%.

In corporate news, HUM got a NBIO from its chair, DRO soared 19.9% on a new EU contract, PNI down 3.7% as founder sold a parcel, PBH shareholders turned Japanese, SGR got shareholder approval for Bally and Mathieson to take the stakes. XRO in a trading halt with big capital raising and US acquisition worth $4bn.

On the economic front, the local monthly CPI came in below forecasts and rate cut hopes emerged.

Asian markets better Japan up 0.3%, China up 0.6% and HK up 0.8%. 10-year yields falling to 4.12%.

Pre-Market Report – Wednesday 25 June: US markets hit records on peace deal | Oil tumbles

Wed, 25 Jun 2025 09:00:00 +1000

Wall Street rose for the second consecutive session as a ceasefire between Israel-Iran was declared by Trump and seemingly accepted by both parties - markets ran bullish with the narrative. Elsewhere, Jerome Powell appeared before the House Financial Services Committee and insisted he was not in a rush to cut interest rates as the effects from tariffs were yet to fully appear in the data, his stance contrasting against recent comments from other Fed officials which raised the possibility of a July cut. S&P 500 up 1.11%, Nasdaq up 1.43%. Dow rose steadily throughout the day, ending near the high. Up 507 points. Most sectors positive, Energy the exception, followed oil down, second consecutive day as worst performer. Tech was the best performer, chip stocks rose as risk-on sentiment was reignited, Nvidia (+2.6%) and Broadcom (+3.9%) up. Financials also did well with the Fed’s annual health and stress checks looming - the major banks are expected to easily clear these. Healthcare also jumped above 1%. Defensives like Staples and Utilities recorded positive gains but were the laggards of the S&P 500 as a risk-on sentiment reigned.

ASX to rise. SPI futures up 5 points (+0.06%). XRO cap raise and acquisition. Monthly CPI at 11.30am

End of Day Report – Tuesday 24 June: Peace! ASX 200 rallies 1% | Banks star

Tue, 24 Jun 2025 16:00:00 +1000

ASX 200 jumps 81points to 8556 (1.0%) on peace deal in Iran/ Israel conflict. Oil tumbles, gold slips, CBA rockets. Across the board gains, with the Banks leading the way, CBA up 2.1% and WBC up 2.6% with the Big Bank Basket up to $290.77 (+2.0%). MQG jumped 2.4% with fund managers also in demand, GQG up 6.9%. Industrials firmed, QAN up 2.4% as VGN relisted today up 11.4%, Tech better, WTC up 2.5% and the All-Tech Index up 1.2%. Resources were firm with BHP rallying 2.4% and FMG up 4.8% with the gold sector finding bargain hunters. EVN up 0.8% and GMD rising 2.0%. NEM eased 0.4%. Lithium stocks finding short sellers covering, MIN up 4.8% and LTR rising 5.3%. Oil and gas stocks collapsed, WDS down 2.5% and STO off 1.5% as the bid kept losses in check. KAR dropped 6.5% with the uranium sector flat. Coal too steady as she goes. In corporate news, CKF rose 17.4% on increased sales from young people. GGP debuted up 10.6%, TWE fell 0.9% on a trading update on Penfolds. Nothing on the economic front today.

Asian markets jumped on peace deal, Japan up 1.1%, HK up 1.8% and China up 1.1%. 10-year yields 4.15%.

Pre-Market Report – Tuesday 24 June: Iran retaliation muted | Trump says ceasefire deal reached

Tue, 24 Jun 2025 09:00:00 +1000

Wall Street rose last night despite continued tension in the Middle East as Fed Vice Chair Bowman sparked hopes of a July rate cut and Chicago Fed President Goolsbee noted tariffs are having a more modest inflationary impact than expected. S&P 500 up 0.96%, Nasdaq up 0.94%. Dow rose at open, fell into negative territory around midday, but rose steadily from then to end near the high. Up 375 points. All sectors positive except for Energy which followed oil down after Iran retaliatory attacks focused on US bases and avoided oil and gas tankers. Cyclicals was the best performer, led by Tesla (+8.2%), which rose after trials for its self-driving taxis began in Austin, Texas. REITS and Utilities also did well as yields eased.

End of Day Report – Monday 23 June: ASX 200 drops 31 | CBA at record helps

Mon, 23 Jun 2025 16:00:00 +1000

ASX 200 fought back to close down only 31 points at 8475 (0.4%). Banks once again the swing factor as , with gold miners sold off despite geopolitical rose 1.0% and the Big Bank Basket better at $284.86 (). Insurers better, QBE up 0.3% with REITs easing, VCX down 0.8% with other financials easing. MFG off 3.8% and ASX down 0.8%. Industrials weaker across the board. BXB off % with QAN falling 1.9% as oil rose, TLS fell 0.2% with ALL down 2.6% and retail under a little pressure. ADH fell 20.5% on disappointing sales, MTS rose 2.7% on better than expected food sales. Tech stocks eased but off lows, WTC down 1.0% and XRO down 0.2% with the All-Tech Index down 0.5%. Resources were weaker, the three iron ore miners slid, BHP down 1.6% and FMG off 1.0% with gold miners sold off despite geo polictical tensions. NST and EVN continuing to be rerate downwards. Oil and gas stocks muted, uranium stocks fell, BOE off 1.8% and coal stocks down, WHC off 3.5%. In corporate news, WDS agreed to supply Japan with winter LNG. SMP agreed to a scheme with Shift4 from the US. Nothing on the economic front today.

Asian markets muted on war worries. Japan down 0.2%, HK up 0.6% and China up 0.4%. 10-year yields rising to 4.21%.

Pre-Market Report – Monday 23 June: US futures ease on Iranian bombing | Oil up slightly

Mon, 23 Jun 2025 08:00:00 +1000

Wall Street edged down as the Israel-Iran conflict continued to weigh on markets. Iran said it would not discuss the future of its nuclear program while under attack by Israel. Will be the headlines for the foreseeable future. S&P 500 down 0.22%, down 0.15% this week. Nasdaq down 0.51%, up 0.21% this week. Dow rose at open, but fell throughout the day in a choppy session. Ended up 35 points, modest gains, closer to low than high. Mixed sector performance. Energy up despite oil paring its recent gains from Israel-Iran conflict. Defensives like Financials, Staples, Industrials and Utilities all saw gains as yields eased a little and the mood remained cautious. Tech worst performer, down just under 1%. Dragged down by Alphabet which fell 3.9% after a EU antitrust ruling said it subdued competition with its Android mobile operating system, fined $4.7Bn. Alphabet have appealed the decision. Nvidia also down 1.1% despite announcing talks with Foxconn to deploy humanoid robots at Houston factory.

SPI down 20 - US futures off around 0.3% this morning - Oil and Gold better.

End of Day Report – Friday 20 June: ASX 200 down 18 points | Gold miners better

Fri, 20 Jun 2025 16:00:00 +1000

The ASX 200 falls another 18 points to 8506 (0.2%) in quiet trade. Banks eased back after a stellar run, CBA down 0.2% with ANZ off 2.5% and MQG falling 1.9%. Financials steady, ASX up 0.6%, must be the new logo, Insurers slightly better. REITs too turned up, DXS up 1.0% and CHC up 0.5%. Defensives slipped, WES off 1.6% and WOW and COL eased with TLS down 0.6%. Retailers also fell slightly, JBH off 1.2% and TPW falling 2.6%. Tech eased with the All-Tech Index unchanged.

Resources were mixed, iron ore whipped throughout the day but finished off, RIO down 1.3% and BHP up 0.2%. Gold miners rose after losses this week, NEM up 0.3% and EVN up 0.5% with lithium stocks falling as PLS dropped 5.0%. Uranium stocks stalled, BOE down 4.7% and DYL down 0.6%. Oil and gas mixed, WDS up 0.9%.

In corporate news, PBH in a halt as BBT announced an off-market takeover. BCB crashed % after it announced a possible pause in operations due to prices and royalties.

Nothing on the economic front locally. Japanese inflation rose more than anticipated. Asian markets better, Japan unchanged. China up 0.3% and HK up 1.0% 10-year yields 4.18%.

Pre-Market Report – Friday 20 June: US markets closed | Trump says he has a two week deadline

Fri, 20 Jun 2025 08:00:00 +1000

European markets fell overnight as the BoE held rates at 4.25% on persistent inflation concerns. The headline level not expected to fall below 3% for the rest of the year. The Middle East conflict was highlighted as new uncertainty with potential to raise energy prices and inflation in turn. The decision was expected. Not the hawkish commentary.

ASX set to fall. SPI futures down 23 points.

End of Day Report – Thursday 19 June: ASX closes near flat | CBA record high

Thu, 19 Jun 2025 17:00:00 +1000

The ASX 200 claws back early falls to close down just 8 points to 8524 as CBA hits a new record, up 1.5%. The Big Bank Basket continues higher, sucking in money, WBC up 0.7% and NAB up 0.3% with the Basket up to $284.69 (+1.3). Other financials lacklustre, GQG falling -4.4% on low volumes. REITs better, GMG flat and SCG up 1.1% with industrials mostly weaker, CPU down 1.5%, REA off 0.4% and retail squirming after KMD warning. LOV off 2.8% with PMV down 1.7% and travel stocks also suffering, CTD down 2.3%. Tech stocks eased, WTC off 1.9% despite two new NEDs. The All-Tech Index fell 1.1%. Defensives back in fashion, COL, WOW and WES all better.

Pre-Market Report – Thursday 19 June: US markets ease | Fed on hold

Thu, 19 Jun 2025 08:00:00 +1000

Wall Street oversaw a mixed, flat and choppy session as the Fed kept rates the same, as expected. Markets still expect two rate cuts this year but now only expect one in 2026 and a further cut in 2027 after Powell made clear the importance of waiting and seeing the effects of tariffs on inflation. S&P 500 flat, Nasdaq up 0.13%. Dow rose at open, fell a little throughout the day, and dropped after Powell’s comments. Ended near low, down 44 points. Mixed sector performance. Financials best performer, Wells Fargo leading the charge with a gain of 3.1% without major news. Utilities and REITS also up despite yields remaining rather unchanged, while defensives such as Staples got a minor boost from stable yields.

Energy worst performer, shedding some of its gains from the last three sessions. Materials, Industrials, Tech all gave up 0.3%, but no major movements. No significant company news. Microsoft (+0.5%) is prepared to abandon its negotiations with OpenAI as tensions rise between the two companies. Yesterday, we noted OpenAI was considering accusing Microsoft of monopolistic practices within their agreement. Intel (+3.3%) appointed three chip industry executives to its engineering and networking department.

Resources mixed. Oil steady after recent double digit jumps following Israel-Iran conflict. Copper and iron ore down while nickel, zinc and lead all found strength.

ASX to fall. SPI futures down 31 points (-0.36%).

If you’re short on time, consider listening at 1.5-2x speed, which should be shown on the screen of your device as you listen. This won’t just reduce your listening time; it has also been shown to improve knowledge retention.

End of Day Report – Wednesday 18 June: ASX flat | Markets on hold

Wed, 18 Jun 2025 16:00:00 +1000

The ASX 200 has finished the day near unchanged. Down 10 points as the market stays on hold ahead of more news in the Middle East and tonight’s Fed meeting. No late rescue for iron ore stocks or gold. Stayed worst sectors. BHP and RIO down 1%. FMG worst in the top 100. -4%. EVN and NST down 3.6% and 2% despite bullion staying flat overnight and during our session. Oil price also flat all day which took the interest out of WDS and STO. Rare earths took a break. LYC no change.

Pre-Market Report – Wednesday 18 June: US markets fall on data and Iranian concerns | Oil higher

Wed, 18 Jun 2025 08:00:00 +1000

Wall Street recorded a night of losses as the US moved fighter jets to the Middle East and Trump called for Iran’s “unconditional surrender”. US retail sales data also came in lower than expected, dropping 0.9% against a forecasted rise of 0.1-0.2%. S&P 500 fell 0.84%, Nasdaq down 0.91%. Dow dropped at open, recovered by midday, but fell throughout the rest of the session. Ended near low, down 299 points. Nearly all sectors in the red. Energy the exception, followed oil up which rose on escalation of US involvement in Israel-Iran conflict.

ASX to fall. SPI futures down 20 points (-0.23%). Oil up - Gold flat - No corporate news so far

End of Day Report – Tuesday 17 June: ASX 200 down 7, drifting around | Gold and uranium in focus

Tue, 17 Jun 2025 16:00:00 +1000

The ASX 200 dropped 7 points to 8541 (0.2%) as nerves crept back in on Iran/Israel issues. Trump flew back to Washington to handle the situation. G-7 now G-6. Banks slipped slightly, CBA down 0.2% and ANZ off 0.5%. The BIg Bank Basket down to $280.41(-0.2%). MQG slid 0.4% with REITs also lower except GMG up 1.1% and other financials mixed too. Industrials pretty much lower across the board, drifting rather than sold off, TCL off 0.8%, REA down 0.5% and TLS falling 0.2%. Retailers mixed, as were travel stocks. Tech wafting around too with the All-Tech Index up 0.2%. In resources, uranium and rare earths stocks back in the spotlight or should it be SPUT light, DYL up 5.7% and LOT up 11.4% with physical buying of spot and short covering still dominating. Gold miners recovered some of the losses yesterday on the Iranian uncertainty as bullion rose, NEM up 2.5% and NST recovered 1.5% after the UBS inspired sell off. Iron ore majors eased back as iron ore fell in Singapore trade again. Oil and gas stocks weakened slightly, STO up 0.5%.

In corporate news, it was quiet, too quiet. Asian markets drifted around, Japan up 0.5%. HK off 0.5% and China unchanged.10-year yields steady at 4.25%.

Pre-Market Report – Tuesday 17 June: US markets recover | Uranium on a roll

Tue, 17 Jun 2025 08:00:00 +1000

Wall Street recovered from Friday losses and then some as Israel-Iran’s feud left crude production and exports unaffected while hopes of a truce between the countries increased. S&P 500 up 0.94%, NASDAQ up 1.5%. Dow finished middle of the range, up 317 points. Most sectors up. Tech, Cyclicals and Financials best performers as risk-on sentiment reignited and the outlook for the global economy improved. Meta led the gains from the major players, up 2.9%. Announced WhatsApp is getting ads and a collaboration with Oakley for new smart glasses. Amazon and Nvidia also strong, up 1.9%.

ASX to rise. SPI futures up 11 points (+0.13%). Gold and oil fall - Uranium soars on physical buying.

End of Day Report – Monday 16 June: ASX 200 up 1 point | US futures up 100

Mon, 16 Jun 2025 16:00:00 +1000

Pre-Market Report – Monday 16 June: US markets fall hard | Oil jumps

Mon, 16 Jun 2025 09:00:00 +1000

Wall Street dropped sharply as Iran launched missiles at Israel, responding to Israeli strikes aimed at reducing Iran’s nuclear capabilities, sending oil up 7%. S&P 500 down 1.13%, down 0.39% for the week. NASDAQ down 1.3%, down 0.63%. Dow dropped at the open, steadily recovered, but fell again from midday onwards. Finished near low, down 770 points, down 565 points for the week. All sectors red except for energy which followed oil up. Financials worst performer, with Visa (-5.0%) and Mastercard (-4.6%) dragging sector down after reports that major retailers are considering cryptocurrencies to avoid the need for payment intermediaries. Tech was second worst. Apple (-1.4%), Meta (-1.5%) and Nvidia (-2.1%) weighed on sector as risk-on sentiment was reversed. Oracle (+7.7%) continued to rise following Wednesday’s after-market close earnings call beat expectations on the strength of demand for its AI services.

SPI down 20 - Oil and Gold up - STO gets a $30bn from Abu Dhabi - FIRB will be a big issue.

End of Day Report – Friday 13 June: ASX 200 down only 18 | Israel launches attacks against Iran

Fri, 13 Jun 2025 16:00:00 +1000

The ASX 200 started strong but as news of the Israeli attack came through, we turned negative. The index fell 18 points to 8547 (0.2%) for a gain of only 31 points this shortened week. Performing much better than the US which had futures off between 1.5-1.8%. Stand-out sectors were not unexpectedly gold miners and oil and gas stocks. Crude and bullion jumping on the Iranian news. NST up 5.1% and EVN rising 5.5% with BGL up 4.3%. Resources generally were flat, BHP down 2.6% with FMG slightly firmer. MIN took a breather and PLS rose 0.4%. LYC rallied 3.8% on rare earth promise, WDS showed a clean pair of heels up 7.4% with STO up 3.7% and KAR the real star up 10.9%. Uranium stocks fell on attack news. Industrials slid, banks off slightly, CBA down 0.7% with the Big Bank Basket down to $281.21 (-0.5%). Other financials slipped, GQG down 1.4% and XYZ down 2.4%. Insurers gained a little, REITs fell, GMG bucked the trend up 0.2%. Tech stocks fell in sympathy with Nasdaq futures. XRO down 0.4% and WTC falling 2,4% with the index down 1.7%. Retail stocks dropped 24.7% on AX1 earnings warning, JBH fell 1.8% and travel stocks down, QAN off 4.9%. In corporate news, Brookfield sold a large parcel of its DBI holding, the stock falling 6.2%. Nothing on the economic front.

Asian markets down on war worries. Japan down 0.9%, HK off 0.7% and China down 0.6%.

10-year yields falling to 4.16%.

Pre-Market Report – Friday 13 June: US markets push higher on PPI | Gold higher again

Fri, 13 Jun 2025 08:00:00 +1000

Wall Street up overnight. A strong outlook by Oracle refuelled AI optimism, countering the negativity weighing on the indices by tensions in the Middle East and a sharp drop in Boeing shares. S&P 500 up 0.38%, NASDAQ up 0.24%. Dow dropped at the open but recovered steadily throughout the day to end three points off the high. Finished up 102 points. Most sectors positive. Cyclicals and Industrials the exceptions, the former dragged down by Tesla (-2.2%), as rival BYD launched cheapest UK model, vying for dominance in another of Tesla’s regions. Utilities up over 1%, benefitting from bond yields easing, while REITS was up over 0.5%. Healthcare and Materials also demonstrated strength.

ASX to rise. SPI futures up 48 points (+0.56%). DBI sell down - Gold up - NEM up 4.9%

End of Day Report – Thursday 12 June: ASX 200 turns down 27 after strong start | COH earnings downgrade

Thu, 12 Jun 2025 16:00:00 +1000

The ASX 200 gave up strong early gains closing down 27 at 8565 (0.3%). US futures and lack of detail weighing on sentiment as Asian markets generally weaker. Banks slid slightly, CBA down 0.5% with NAB down 0.2% and the Big Bank Basket down to $262.66 (-0.5%). MQG whacked 1.6% with insurers also under pressure. REITs mixed, GMG off 1.2%. Industrials generally lower, ALL off 1.6% with retail down, led by SUL off 1.6% and BAP falling 2.7%. Travel stocks also under pressure, CTD down 3.1% and WEB off 2.8%. Fast food falling, DMP down 4.9%. REA fell 1.1% and TWE down 1.3% with TLS up 1.0% as defensives back in focus. In resources, gold miners back in demand, GMD up 6.0% and NEM up 3.0%. The Three Iron Ore amigos all down, BHP off 1.8% with FMG off 3.4%. Lithium stocks back under pressure, MIN off 7.6% and PLS falling 6.0%. Rare earth giant LYC rose 0.8%. Oil and gas stocks gave up strong early gains as the crude price fell back, KAR up 2.0% and BPT bouncing 2.4%. Uranium ok, nothing spectacular, DYL up 1.1% and PDN up 0.8%. In corporate news, CTT fell 31.2% on a trading update and a large line of stock going through. MVF rose 9.1% as its CEO resigned. COH up 0.7% after downgrading its earnings outlook.

Nothing on the economic front today. Asian markets weaker, Japan off 0.6% and HK off 0.9. China unchanged.

Pre-Market Report – Thursday 12 June: SPI futures up 18 | US/China trade deal 'good enough'

Thu, 12 Jun 2025 09:00:00 +1000

Wall Street was in the red last night as initial optimism following positive developments in the US-China trade deal faded during the session as Middle Eastern tensions came into focus. Reports suggested the US would partially evacuate its Iraqi embassy as Iran threatened to strike US bases if nuclear negotiations failed. S&P 500 down 0.27%, NASDAQ down 0.50%. Dow rose steadily throughout the day, but fell with the other indices as the Middle Eastern developments unfolded.

End of Day Report – Wednesday 11 June: ASX 200 rises just 5 to new record | ZIP up 15.5%

Wed, 11 Jun 2025 16:00:00 +1000

ASX 200 jumps to a record high before seeing profit taking creep in and close up only 5 to 8592 (0.1%). News from the UK on the trade talks were lacking in detail, US futures weaker before the CPI number tonight. Banks eased back with CBA off 0.3% and the Big Bank Basket down to $284.04 (0.2%). MQG fell 0.6% with insurers slightly weaker. REITs were firm, GMG up 0.2% and VCX up 2.4%. Industrials mixed, WES fell 0.6% with QAN falling 1.3% in news it was closing Jetstar Asia. Tech steady with REA up 0.6% and XRO falling 2.3%. Resources were interesting again, BHP rallied 1.5% with FMG up 3.5%, gold miners fell again despite bullion rising, lithium stocks squeezed higher, PLS upgraded its MRE, up 5.6% and MIN rallying again up 3.2%. Uranium stocks fell, PDN was off 2.7% and LOT was down 8.6%. WDS and STO better, with BPT down 7.5% on a broker downgrade. In corporate news, ZIP raced 15.5% ahead on another guidance upgrade, JLG revealed a NBIO with no price tag attached. MVF bounced after the drubbing yesterday and FBU rose 10.0% on M&A talk. Nothing on the economic front. Asian markets better on trade talk, Japan up 0.4%, HK up 1.1% and China up 0.9%.10-year yields steady at 4.29%.

Pre-Market Report – Wednesday 11 June: US markets push higher | SPI up 31

Wed, 11 Jun 2025 09:00:00 +1000

End of Day Report – Tuesday 10 June: ASX 200 up 72 points, new record | Banks lead

Tue, 10 Jun 2025 16:00:00 +1000

ASX 200 kicks off the week in style, up 72 points to 8587, a new record. Banks kicked again with CBA up 1.2% and NAB running 1.5% higher. The Big Bank Basket up to $284.50 (1.2%). MQG kicked 1.1% with financials generally doing well, IFL up 0.9% and ZIP up 6.4% on BNPL reforms. REITs also in demand, GMG up 2.1% and MGR better by 2.2% with healthcare better too, CSL up 0.9%. Retail stocks rallied as JBH gained 2.1% and ALL up 3.6% and tech stocks in demand, WTC up 2.4% and XRO rising 1.8% with the all-tech index up 1.6%. In resources, iron ore miners mixed, gold miners sold down aggressively, GMD off 1.3% with EVN down 3.8% and shorts in the lithium space gaining momentum. PLS up 5.5% and LTR up 4.8% with MIN gaining 5.1%. Rare earth stocks remain in favour and oil and gas stocks better. Uranium stocks tried to put in another stellar day but off the highs, PDN up 3.6% and BOE up 2.1%. In corporate news, ASB rallied another 7.3% as the US approved Hanwha holding. NXT up 5.2% on Malaysian expansion plans. MVF cratered 26.9% on another clinical issue. JLG in a trading halt pending a change of control announcement. Nothing on the economic front, Asian markets slightly higher, Japan up 0.2% and HK down 0.5% and China down 0.6%. 10-year yields at 4.26%, steady.

Pre-Market Report – Tuesday 10 June: ASX to play catch-up

Tue, 10 Jun 2025 09:00:00 +1000

Wall Street recorded modest gains session on cautious hopes of US-China trade deal. S&P 500 up 0.09%, NASDAQ up 0.31%. Dow dropped at open, recovered into positive territory but dropped to its starting level before the close. Down 1 point, middle of the range. Mixed sector performance. Cyclicals best performer, Amazon (+1.6%) and Tesla (+4.6%) boosting sector. Materials also up while Energy followed oil higher. Tech made some gains with Alphabet up 1.5% as it announced it will invest $20Bn into data centre infrastructure in Pennsylvania. Apple slid 1.2% after its annual software developer conference had a lacklustre start. Utilities and Financials worst performing sectors despite yields falling slightly. Warners Brothers Discovery dipped 3% after announcing it would split its streaming and cable TV segments into separate companies. Qualcomm rose 4.1% after announcing it would acquire Alphawave for $2.4Bn as it strengthens its AI portfolio.

End of Day Report – Friday 6 June: ASX 200 drops 23 points | NFP numbers tonight

Fri, 06 Jun 2025 16:00:00 +1000

The ASX 200 drifted 23 points lower to 8516 (0.3%) ahead of the long weekend. Broad based losses with some of the stars yesterday giving back gains today. Lithium stocks dropped back, PLS dropped 5.2% and IGO down 3.5% with rare earth stock also falling back, LYC down 1.2% and ILU off 3.8%. Gold miners were slippy today, GMD off 3.4% and EVN down 2.0% and RRL dropping 5.8%. Uranium stock easing back, oil stock better and coal doing better. Banks suffered slightly, CBA down 0.8% and ANZ off 0.4% with the Big Bank Basket down to $281.16 (0.2%). Financials also eased back, GQG off 1.9% and IFL down 3.6%. REITS slightly lower, Industrials also flat, WES down 0.5% and ALL off 1.1% with the tech sector slipping, XRO off 0.7% and WTC down 1.0% with the All-Tech Index off 0.9%. In corporate news, OBM dumped 14.1% on a production downgrade, QAN up 3.5% as Virgin confirmed strong demand for the upcoming IPO. Nothing on the economic front local, the AUD near a six-month high. Asian markets mixed again, Japan up 0.4% and HK off 0.4% with China flat. 10-year yields steady at 4.27%.

Pre-Market Report – Friday 6 June: US markets dip | Trump and Xi talk, Musk and Trump tweet

Fri, 06 Jun 2025 09:00:00 +1000

Wall Street recorded a negative session as news of talks between Trump and Xi Jinping were overshadowed by the escalating feud between Trump and Musk. Musk has criticised Trump’s “big, beautiful bill” for failing to slash enough government expenditure while Trump has threatened to cut many of Musk’s government contracts. S&P 500 down 0.53%, NASDAQ down 0.83%. Dow dropped at open, recovered throughout the day, but dropped again an hour or so before the market closed. Ended 108 points down.

Cyclicals (discretionary stocks) worst performer by a mile. Down 2.5% vs Non-Cyclicals down 0.8% in second. Tesla weighed on sector, down 14.3% as Musk and Trump battled on their respective social media platforms.

ASX to fall slightly on open. SPI futures down 5 points (-0.06%).

End of Day Report – Thursday 5 June: ASX 200 falls 3 points | Lithium and rare earths rally hard

Thu, 05 Jun 2025 16:00:00 +1000

The ASX 200 tried hard to attack and sustain the all-time high but failed, dropping 3 points to 8539 (0.1%). Banks were flat as some profit taking crept in, CBA up 0.1% with the Big Bank Basket up to $282.74 (0.1%) insurers down slightly, QBE off 1.4% and financials finding sellers here. REITs mixed, GMG up 1.1% with GPT also firming. Industrials generally lower, CPU fell 1.2% with retailers giving back some of the gains, JBH down 2.0% and CTD off 1.1%. Tech better, the index up % with TNE and XRO making modest gains. In resources, the iron ore miners rose slightly, FMG the best up 1.5%, but the real action was in critical metals either rare earths, or lithium. LYC jumped 12.5% and ILU up 7.1% with MIN rallying 14.8%. PLS too doing well, up 12.5% as shorts moved to cover on Chinese reluctance to make a deal and rare earth exports not forthcoming. IPX soared 28.8% on a DoD deal for US$99m. Gold miners fell, GMD down 2.5% with EVN off 1.6% and CYL falling 3.5%. Uranium stocks flat, coal firmed, WHC up 1.8%. In corporate news, TYR fell 10.4% on news its CEO was leaving. CAT dropped 1.0% on an acquisition and PAC fell 5.0% on a media report on overvaluations. In economic news, Household spending rose 0.1% in April, the seasonally adjusted balance on goods decreased $1,479m in April.

Asian market mixed, Japan down 0.4% and HK up 0.6% China flat. 10-year yields lower at 4.24%.

Pre-Market Report – Thursday 5 June: US markets choppy | Quiet day ahead

Thu, 05 Jun 2025 08:00:00 +1000

Wall Street recorded a mixed, choppy session amid the release of weak economic data. The services sector contracted in May for the first time in almost a year while businesses paid higher input prices, demonstrating the effects of Trump’s trade policies, slower growth and higher inflation. S&P 500 flat, NASDAQ up 0.32%. Dow rose at open but gradually fell as the day went on, particularly after the economic data releases. Ended at low, down 92 points. Mixed sector performance – 5 sectors up, 5 sectors down. Energy was the worst performing sector, following oil down which dropped after US data showed large builds in fuel stocks. Utilities also down, surprisingly, as yields dropped sharply. Financials third-worst performer on growth fears spurned by data. Tech best performer, with Materials and REITS trailing. Meta (+3.2%) buoyed further after its deal for nuclear energy to fund AI investments yesterday. Nvidia (+0.5%) benefitted from its chips making gains in training large AI systems as the AI hype train continues. Wells Fargo (-0.4%) fell despite regulators lifting asset cap on bank. Moderna (-1.9%) slipped despite news that the US appeals court siding with it in case which claimed it undercut patent infringement for its Covid vaccine.

Resources mixed. Oil fell as US fuel stockpiles rose. US Copper and Platinum found some strength. Base metals modestly down despite weakening dollar. Rumoured Canadian retaliation against Trump’s steel and metal tariffs a drag. Iron ore rose on short covering. Uranium fell despite recent tailwinds between Trump’s executive order for strengthening US nuclear capabilities and continued AI demand.

ASX to open flat. SPI futures down 3 points (-0.04%).

End of Day Report – Wednesday 4 June: ASX 200 up 75, close to record high | CBA extraordinary

Wed, 04 Jun 2025 16:00:00 +1000

ASX 200 finished up 75 points at 8542 (0.9%) close but no cigar. CBA became the first $300bn market cap stock on the ASX. Not surprisingly a new record, the Big Bank Basket up another 1.3% to $282.44. WBC the best of the bunch, up 1.5% with MQG up 1.5% and GQG lifting 4.3%. REITs also firmed GMG up 0.7% on data centre demand. Retail stocks also in demand following lacklustre GDP numbers and hopes fro more rate cuts. LOV romped 9.1% higher as Mark McInnes joined as deputy chair. JBH up 2.1% and HVN up 3.0% with travel and fast-food stocks rallying too. Defensives sold down as WOL, COL and TLS fell slightly, tech gained a little, WTC up 1.1% and TNE up 1.4% with the All-Tech Index up 0.9%. In resources BHP up 1.0% with FMG rising 1.6% as iron ore found some strength in Singapore. Gold miners sold down, EVN down 2.7% with GMD off 2.8% and SPR losing 0.9%. Uranium stocks spurted higher on Meta moves in US to shore up nuclear power deals, Lithium also saw buyers return, PLS up 5.7% and LTR rising 6.1% with MIN doing well, up 9.2%. Oil and gas better with CRN sorting some liquidity issues out, up 38.1%. In corporate news, MYX was issued with the scheme termination notice falling 5.3%, IEL fell another 2.6% after the 48% loss yesterday, and PBH had an upgraded bid of 120c. On the economic front, GDP came in below expectation at 0.2%. Asian markets firmed, Japan up 0.8%, HK up 0.6% and China up 0.5% 10-year yields steady at 4.25%.

Pre-Market Report – Wednesday 4 June: US markets rise on economic data | SPI up 24

Wed, 04 Jun 2025 08:00:00 +1000

Wall Street up again amid trade deal optimism and rallying chipmaker stocks. Despite recent tensions, Trump and Xi Jinping are expected to talk this week. S&P 500 up 0.58%, NASDAQ up 0.81%. Dow fell at open but rose steadily throughout the day. Ended near high, up 214 points. Mainly positive sector performance. REITS and Staples showed a little weakness, all other sectors were up. Energy once again the best performer, as global refining margins hit a 14-month high in May. Materials and Industrials also did well.

Tech had another positive session as chipmakers rallied. Nvidia up 2.8%, Broadcom rose 3.3%. Benefited from news stories focusing on coding startups use of AI and their high valuations, adding further fuel to the AI hype train. Alphabet only one of Mag7 materially down, shedding 1.7% as anti-trust cases weighed on it.

US job openings increased in April and layoffs posted biggest rise in nine months. Indicative of a weakening labour market. Yields fell on news, boosting Financials and Utilities. Resources were mixed. Dollar strengthening hurt some. Oil rose on continued tensions between Ukraine and Russia, the US and Iran. Conflicts which suggest supply may remain tight. Some base metals like Copper and Zinc recorded modest gains while Tin was up nearly 3%.

ASX to rise. SPI futures up 24 points (+0.28%).

End of Day Report – Tuesday 3 June: ASX 200 up 53 | IEL collapses, gold soars

Tue, 03 Jun 2025 16:00:00 +1000

ASX 200 up 53 points to 8647 (0.6%). A solid rally driven by bullion and banks. The Big Bank Basket rallied to $278.81 (+1.2%). CBA up another 1.3%, with ANZ doing well up 1.3%. MQG rose 0.9% and IFL up 2.7% on a broker upgrade, Insurers better, SUN was out and up 2.4% with IAG doing well, rising 2.9%. REITs rallied too, GMG up 1.1% and CHC rising 3.1%. Industrials in demand across the board, JBH up 1.9% with WOW and COL better, TLS continuing to push ahead up 1.0% with QAN up another 2.0%. Healthcare mixed, SIG up 2.3% and CSL off 1.0%. Tech stocks rose, with the All-Tech Index up 0.3%. In resources, iron ore stocks drifted lower as iron ore fell on Chinese PMI. Gold miners off highs, but still strong, NEM up 4.3% with GMD gaining 4.6% and OBM up 5.9%. Lithium stocks falling again, PLS down 0.4% and MIN hit 5.5%. Oil and gas stocks rose with crude, uranium still under pressure again. DYL down 1.9% and PDN off 1.3%. In corporate news, IEL fell 48.1% on a massive downgrade and nasty outlook statement, TEA ran 8.6% on a special dividend, DMP fell 2.2% after a raft of executive changes. In economic news, the RBA minutes helped sentiment, Chinese PMI dropped to 48.3. Asian markets slightly higher, Japan up 0.1%, HK up 1.1% and China up 0.5%. 10-year yields steady at 4.26%.

Pre-Market Report – Tuesday 3 June: US markets better | Gold soars

Tue, 03 Jun 2025 08:00:00 +1000

Wall Street recorded a positive, choppy session despite a backdrop of rising trade tensions between the US and China and important economic data releases such as US employment data and an ECB rate decision where it’s expected to cut. S&P 500 up 0.41%, NASDAQ up 0.67%. Dow fell at open but found strength throughout the day to end up 35 points, near high. Mainly positive sector performance. Industrials and Staples showed a little weakness but all other sectors were up. Energy best performer, followed oil up which rose after Canadian wildfires threaten supply. Materials and Utilities also did well, as did Tech. All major Tech companies were up excluding Alphabet and Tesla. Alphabet (-1.6%) will spend $500m over ten years to overhaul compliance in a shareholder settlement which highlighted internal issues. Tesla (-1.1%) continued to see EU sales plummet in May. Meta and Nvidia led the gains for Tech. Meta (+3.6%) boosted by news it will help advertisers to fully create and target campaigns using AI by the year end. Meta news took Nvidia (+1.7%) with it, another further positive update on AI developments. Resources nearly all up. US Copper jumped as Trump’s tariffs on steel and aluminium is feared to potentially extend to copper. Iron ore sole loser. China’s manufacturing activity contracted in May for second consecutive month.

ASX to rise. SPI futures up 68 points (+0.81%).

End of Day Report – Monday 2 June: ASX 200 falls 21 | SOL/BKW merger sees huge gains for both

Mon, 02 Jun 2025 16:00:00 +1000

ASX 200 fell 21 points in quiet trade to 8415 (0.1%). Most sectors showing losses as nerves crept back in on Trump and Chinese negotiations. Banks slipped with WBC off 1.2% and the Big Bank Basket down to $275.32 (-0.1%). MQG fell 1.0% with insurers better, QBE up 1.3% and MPL rising 2.1%. REITs slid, GMD down 0.9% and VCX off 0.4%. Industrials were mostly flat, WOW and COL better, WES up 0.5% and SGH doing well, up 0.7% with BXB rallying 1.0%. TLS continued to push higher, tech was mixed as WTC fell 2.3% and XRO rose 1.5% with the All-Tech Index down 0.5%. Healthcare under a little pressure, SIG off 3.2% following the sell-down last week.

In resources, iron ore down in Singapore, BHP off 1.2% and FMG sliding 2.5%. Lithium stocks under pressure following the UBS downgrade last week, MIN off 11.8% and PLS falling 8.1%. Gold miners were better as bullion pushed higher on steel tariff issues, EVN up 3.1% and NEM up 1.2%. Oil and gas stocks eased slightly and uranium stocks fell. In corporate news, SOL announced a merger with BKW to create a new $15bn top 50 stock. Both stocks rallied hard on the news, a $500m zero discount capital raising also helped sentiment. BSL jumped 4.4% on US tariff moves, APE extended the buyback, JHX rose 1.4% on securing a new debt facility. Nothing on the economic front locally, China and US ratchet up war of words. Asian markets fell, Japan down 1.3%, HK off 1.9% and China down 0.5%. 10-year yields steady at 4.26%.

Pre-Market Report – Monday 2 June: US markets mixed | Quiet start to the month

Mon, 02 Jun 2025 08:00:00 +1000

Wall Street recorded a mixed session after recovering from midday lows as it weighed Trump’s critical comments of China which were also optimistic about a trade deal. S&P 500 flat, up 1.88% for the week. NASDAQ down 0.32%, up 2.01% for the week. Dow was flat until midday where it dropped but it recovered by the end of the session. Up 54 points, near high, up 667 points for the week. Mixed sector performance. Defensives did well for the second consecutive day. Utilities up as yields eased. Non-Cyclicals and Healthcare also did well. Energy followed oil lower. Growth sectors like Cyclicals and Tech continued to show weakness, shedding a few of the week’s gains.

Gold down 0.8%, back below $3300. US dollar up 0.2%. Bitcoin down 1.3%.
European markets modestly up in muted session. STOXX 600 up 0.1%, FTSE up 0.6%. Asian markets all down. Japan down 0.4%, HK down 1.2%.
Bond yields fell as risk sentiment worsened following Trump’s China comments. US 10Y down 2.8bps, US 2Y down 3.9bps.

ASX SPI up 8 - SOL/BKW merger - Quiet start to week.

End of Day Report – Friday 30 May: ASX 200 up 25 | Best month since January

Fri, 30 May 2025 16:00:00 +1000

The ASX 200 had a late surge to finish the month with a gain today of 25 points to 8435. ASX records best month since January. Up 3.8%. Banks yet again showed the strength as CBA rose 0.9% with the Big Bank Basket up to $275.55 (1.1%). WBC surged 2.7% and NAB up 1.3% with some month end window dressing. Insurers slid slightly, QBE down 1.3% with REITS up. GMG up 1.3% and VCX rising 1.2%. Industrials found a footing, BXB up 1.0%, WOW and COL firmed, and ORG up 2.1%. Tech slipped slightly with WTC down 1.5% and XRO off 0.8%. Healthcare mixed, In resources, mixed in the majors, BHP up 0.3% and FMG down 1.9%. Gold miners were better, NST up 3.2% with GMD up 4.4%, VAU up 3.5% as some window dressing helped. Lithium stocks slid on a broker downgrade to carbonate prices, PLS down 5.7% and IGO off 5.4%. WDS fell 2.1% and STO off 0.9%. Uranium stock eased back, coal miners fell, WHC off 1.8%. In corporate news, HCW leapt on rent relief for Healthscope, NWH up on a RIO contract and FND down nearly 9% on results. In economic news, retail sales slipped. Asian markets fell with Japan down 0.9%, China down 0.3%, and HK down 1.5%. 10-year yields at 4.28%.

Pre-Market Report – Friday 30 May: US markets mixed on tariff news | Quiet end to the month

Fri, 30 May 2025 08:00:00 +1000

Wall Street recorded a positive session following Nvidia’s strong after-market results Wednesday. Markets had a lot to digest as a US trade court challenged Trump’s ability to impose tariffs, a move later overruled for the time being by the appeals court. Biggest legal challenge to Trump yet and will escalate. S&P 500 up 0.40%, NASDAQ up 0.39%. Dow rose at open, continually dropped until midday, and found strength to rise and end near high. Up 117 points. All sectors saw green. REITS biggest beneficiaries as yields fell following appeals court reinstatement of tariffs. Financials also benefitted. Energy up despite oil falling. Defensives in general were the best performing sectors. Growth sectors like Cyclicals and Tech, while positive, were the biggest laggards. Nvidia the biggest gainer following earnings, up 3.2%. Despite US curbs on chips to China, positive sentiment from Nvidia boosted other chips. Dell (-0.1%) also raised full year profit forecast on strong AI server demand, adding further fuel to the AI train. Netflix down 2.0% on no major news. Mixed performance from the other large Tech names, either modest gains or losses. Costco (-0.4%) missed earning expectations as consumer discretionary spending fell amidst economic uncertainty. Tariffs will be felt more by companies come Q2 earnings – Gap (-1.0%) flagged as much in their earnings report. Resources struggled. Despite the dollar slipping further, base metals fell. Nickel and tin both down over 2.5% as economic uncertainty once again came to the forefront following the various legal challenges, and then supports, on Trump’s tariff policy.

ASX to fall. SPI futures down 22 points (-0.26%). Gold back up - Oil down. Quiet session in store.

End of Day Report – Thursday 29 May: ASX 200 up a mere 13 pts | US Futures rally hard

Thu, 29 May 2025 16:00:00 +1000

The ASX 200 limped to a 13-point rise at 8410 (0.2%) missing out on the US fun as the tariffs got knocked back and Nvidia ran on results. Banks were slightly better with NAB and WBC doing ok, CBA unchanged and the Big Bank Basket up to $272.57 (+0.4%). Financials were strong, MQG up 1.7% and XYZ rising 3.0%. REITs fell, GMG down 1.4% and SCG off 1.1%. Industrials firmed, TCL up 0.4%, WES up 0.2% and TLS pushing ahead up 0.8%. Tech was better but not stunning, WTC up 1.2% and the All-Tech Index up 0.6%. Retail better, TPW up 1.9% and BRG rising 0.4%. Resources were weighed down by BHP and RIO, the ugly sisters, LYC fell 2.1% and S32 off 1.0%. Gold miners were mixed, NST down 0.7% and EVN up 0.8% after a rocky start. Bullion fell on trade news, GMD rose 0.9% as broker upgrades came through. WDS kicked 2.8% on broker optimism on NW shelf deal and oil prices kicking up. Uranium back in the doghouse with DYL off 3.2% and PDN down 5.0%. In corporate news, CIA up 0.5% on record results, RSG fell another 2.4% despite seeking further information from Guinea government. ELD up 1.1% as the ACCC voiced concerns on its acquisition of Delta. Nothing on the economic front, Asian market rallied on the US news. 10-year yields steady at 4.37%.

Pre-Market Report – Thursday 29 May: US markets slip | Fed in focus

Thu, 29 May 2025 08:00:00 +1000

Wall Street recorded a negative session, dropping late on, as markets chewed on Fed meeting minutes from early May and awaited Nvidia earnings results after market close. Nvidia beat expectations although guidance was lower than expected due to anticipated lost revenue from China. Up over 4% in after hours trading, Wall Street will follow. S&P 500 down 0.56%, NASDAQ down 0.46%. Dow slowly fell throughout the day and dropped before the close. Down 245 points, near low. All sectors saw red. Materials and Energy joint worst. Global growth fears for Materials, Energy harder to understand, oil rose on supply concerns ahead of July OPEC+ call. Utilities also eased as yield resumed their rise. REITS held steady though, only shed 3bps. Cyclicals down, Tesla worst performer, down 1.6% despite targeting June 12th launch for Robotaxi Service in Austin. Tech second best relative performer. Chips sold off late as market got jitters before Nvidia earnings. Amazon down 0.6% as in-car software plans with Stellantis stall. Stellantis (-2.2%) also named company veteran Antonio Filose as new CEO. Resources mixed. Oil up on supply concerns. Stronger dollar weighed on others. Copper down over 1%, iron ore the same, weak China demand. Tin, Aluminium managed modest gains.

ASX to open flat. SPI futures down 4 points (-0.05%).

End of Day Report – Wednesday 28 May: ASX 200 falls 11 | Nvidia in focus

Wed, 28 May 2025 16:00:00 +1000

The ASX 200 limped along to close down 11 points at 8397 as a Japanese bond auction underwhelmed, and CPI came in a little hotter than expected. Blame eggs. Banks went a little squishy, with CBA falling 0.9% and the Big Bank Basket down to $271.48 (-0.9%). Insurers also fell with QBE off 1.6%. Other financials were mixed, XYZ rose 4.9% on better US consumer sentiment and bitcoin. REITs are better today, GMG is up 0.9%, and SCG is rising, Industrials started well but fizzled, WES is down 0.1%, and retail is falling slightly. Tech was better following US tech, and the All-Tech Index was up 1.3% with WTC up 0.4%. REA bounced 1.9% after its fall yesterday on ACCC News, and TLS slid 0.2% on some broker downgrades. Resources are under a little pressure, RIO off 0.9% and lithium stocks down, MIN downgraded guidance again, down 5.5% with gold miners a little mixed, NST off 0.8% and RMS up 1.1%. MAC rose 20.4% as it got the Harmony bid, uranium was a little mixed, BOE was off %, and LOT was up 5.1%. WDS jumped 3.2% on NW Shelf news, and finally, STO is up 1.9%. Coal stocks also rallied, WHC up 2.7%. In corporate news, WEB jumped 12.4% on much better than expected results, ALQ fell 7.6% after completing its capital raise, IFT disappointed, and FPH fell 4.8% despite a 43% jump in revenues. On the economic front, CPI was unchanged at 2.4%, the RBNZ cut rates again by 25bps. 10-year yields rose to 4.33%. Asian markets, as usual, mixed, Japan up 0.3%, China up 0.1% and HK down 0.8%

Pre-Market Report – Wednesday 28 May: US markets bounce | MIN downgrades again

Wed, 28 May 2025 08:00:00 +1000

Wall Street recorded a strong session, the first since Trump extended his 50% tariff on the EU from June 1st to July 9th. US consumer confidence also broke a 5 month decline, improving on the back of tariff reprieves between the US and China. S&P 500 up 2.05%, NASDAQ up 2.47%. Dow rose steadily throughout session to end near high. Up 741 points. All sectors up. Growth sectors best performers. News of tariff reprieve outweighed company specific news. Cyclicals were the top performer, boosted by Tesla (+6.9%) despite news the carmakers sales in Europe fell 49% in April from the previous year. Tech followed Cyclicals on the leaderboard. Nvidia up 3.2% ahead of earnings tomorrow Australian time. Alphabet (+2.6%) and Apple (+2.5%) shrugged off Texas law which will enforce age verification on their app stores. Financials also showed further strength as economic outlook improved. All major US banks up over 1.5%. Even Energy stocks were up despite oil falling. Weakest performing sector. Resources down. Dollar strengthening after recent weakness a drag. Oil down as US-Iran talks and OPEC+ plans spark supply concerns. Copper, nickel, iron ore all down.

ASX to rise. SPI futures up 49 points (+0.58%) - CPI today - MIN downgrades

End of Day Report – Tuesday 27 May: ASX 200 kicks 47 points higher | Industrials and banks lead

Tue, 27 May 2025 16:00:00 +1000

The ASX 200 finished up 47 points to 8408 (0.6%) ahead of US and UK reopening tonight. The banks led the market higher after a lacklustre session earlier, CBA up 0.8% and ANZ rising 1.4% with the Big Bank Basket up to $273.93 (+1.0%). MQG kicked 1.4% with other financials doing well too, NWL up 1.4% and CGF up 1.1%. REITs are flat, GMG is down 0.5%, with industrials doing better, and BXB is up 3.0% with ALL up 1.9%. TLS rallied another 0.4% on its investor day comments; Retail also improved, JBH was up 1.0%, and LOV was up 4.2%. Tech is better, WTC is continuing to push ahead after its large acquisition, XRO is up 1.5%, and the All-Tech Index is up 0.5%. In resources, iron ore stocks cheered up, BHP up 0.2% and RIO unchanged after earlier bigger falls. Gold miners eased back, EVN down 3.1% with VAU off 2.2% and GMD down 0.2%. LYC fell 2.5% with PLS off again. Uranium stocks took a break, shorts licking their wounds, Oil and gas flat, coal slightly better. In corporate news, REA fell 3.5% on ACCC inquiry, VUL down 0.5% as it commenced drilling. On the economic front, Chinese Industrial profits climbed 3% last month from a year earlier, beating forecasts of 2.6%. Asian markets mixed again, with Japan up 0.4%, China down 0.5%, and HK up 0.3%. 10-year yields falling to 4.31%.

Pre-Market Report – Tuesday 27 May: US and UK markets closed | Iron ore hits two week low

Tue, 27 May 2025 08:00:00 +1000

US markets were closed yesterday for Memorial Day.

European stocks were up following first session since Trump’s tariff extension.

ASX to rise. SPI futures up 20 points (+0.24%). TLS Investor Day - ALS placement - Iron ore at two week low

End of Day Report – Monday 26 May: Gold and uranium standout sectors | Banks slightly lower

Mon, 26 May 2025 16:00:00 +1000

The ASX 200 finished unchanged at 8361, as US futures improved on the Latest Trump backflip. Gold and uranium are the stand-out sectors, with BOE up 7.3% and PDN rising 8.8%. NST and EVN are both doing well, and Cu pricing is helping, too. Iron ore missed, oil and gas flat, interest stirring in base metals, S32 up % and NIC up %. Banks drifted slightly lower, ANZ down 1.4% and NAB off 0.8%. The Big Bank Basket eased to $271.19 (-0.3%) MQG gained 0.5% with insurers slightly better. Industrials were uninspiring, ORG fell 4.9% on an Octopus downgrade, in the tech space, WTC announced its biggest acquisition to date, debt funded, up 4.7% with the All-Tech Index up 0.4%. In corporate news, ELD dropped 6.7% on more underwhelming results., AX1 announced its chair would retire and GMD bought a gold project from FML. Nothing exciting on the economic front. Asian markets mixed, Japan up 0.9%, China down 0.7% and HK off 1.1%. 10-year yields falling to 4.39%.

Pre-Market Report – Monday 26 May: US markets drop on Trump Euro tariff | Gold and oil rally

Mon, 26 May 2025 08:00:00 +1000

Global stocks fell Friday as Trump reignited trade war fears. S&P 500 down 0.67%. Nasdaq down 1%. Dow down 256 points. Indices opened at the low, rising for most the session. VIX up 10%. The main headline: ‘here we go again’. Trump threatened 50% tariffs on EU goods after Bessent said the current deals weren’t good enough. He had been quiet since returning from the Middle-East…too quiet. Does support the narrative this new administration wants volatility. The EU exports ~€500bn to the US each year. Mostly pharmaceuticals, autos, chemicals and aircraft.

Tech and discretionary spending stocks were the biggest losers. Defensives the best. Bond yields mixed. Both the US30Y and 10Y fell while the 2Y was unchanged.

SPI down 30 - Gold and Oil up - WTC makes big acquisition. US Markets closed tonight.

End of Day Report – Friday 23 May: ASX 200 up 12 | Banks better, gold eases

Fri, 23 May 2025 16:00:00 +1000

The ASX 200 limped 12 points higher to 8361 (+0.2%) ahead of a long weekend in the US. For the week, we are up 17 points. Banks once again firm, CBA up another 0.7% with the Big Bank Basket up to $271.95 (+0.6%). ANZ outperforming. Insurers rose slightly, and financial services better, with XYZ up 5.5% and GQG bouncing 2.4%. REITs were firm, GMG up 2.2% and SGP rising 0.2% as 10-year yields steadied to 4.45%. Healthcare is flat, tech stocks are slightly better, XRO is up 0.7%, and the Index is up 0.9%. ‘Old Skool’ platforms are doing ok, REA up 0.5% and CAR up 1.3%. TLS continues to push ahead. Retail better, JBH up 1.6% and MYR up 5.4% following a sales update. Utilities are under a little pressure on an ORG downgrade, off 1.1%. Resources were mainly weaker; iron ore stocks eased back, FMG was down 2.4%, with gold miners drifting slightly lower. Uranium stocks are on fire as Reuters reported that Trump will sign an order to benefit the uranium and nuclear industry. BOE up 12.1%, PDN up 6.7% and SLX up a huge 15.3%. Oil and gas are moving a smidge higher.

In corporate news, BEN results out this morning, up 0.8%, and NUF continued to fall as one broker lost faith in the stock. Nothing locally on the economic front, Japanese CPI picked up more than anticipated, 3.5% excluding fresh food. Asian markets firmed, Japan up 0.6%, and HK up 0.3%. Dow futures flat, Nasdaq futures down 0.3%.

Pre-Market Report – Friday 23 May: US markets flat | Bitcoin hits record

Fri, 23 May 2025 08:00:00 +1000

The S&P 500 ended Thursday near flat, as investors grappled with fears of rising rates and worries about a ballooning U.S. deficit. The 30-year Treasury yield hit its highest since October 2023 as lawmakers passed a bill that investors fear could worsen the U.S. deficit.

The Dow Jones Industrial Average slipped 1.35 points, closing at 41,859.09. The S&P 500 lost 0.04% and ended at 5,842.01, while the Nasdaq Composite advanced 0.28% and settled at 18,925.73.

In a party line vote early Thursday, House members approved the bill that includes lower taxes and additional military spending.

SPI up 22 - Gold eases - Bitcoin hits new record - Yields fall - MYR sales update.

Pre-Market Report – Thursday 22 May: Worst night in a month in the US

Thu, 22 May 2025 08:00:00 +1000

ASX to fall. SPI futures down 82 points (-0.98%).

End of Day Report – Wednesday 21 May: ASX up 44 points | CBA hits record

Wed, 21 May 2025 16:00:00 +1000

The ASX 200 rallied another 44 points to 8387 (+0.5%). Off its highs but still looking ok. Once again, the banks led us up, CBA hitting a record high, up 1.5%, with the Big Bank Basket up to $273.04 (+1.2%). MQG is up 1.0% with insurers flat. 10-year yields at 4.48%. Other financials eased, and REITs drifted slightly higher. Industrials mixed, TLS continuing higher up 0.6% and ALL down 1.5% with retail taking a break. Tech stocks saw selling in WTC and XRO, but TNE was up 5.9% again as retail eased back. Healthcare stocks resumed the uptrend, with RMD bouncing back 4.0% and FPH up 3.1%, too. In resources, BHP and RIO rose, but FMG drifted 0.1% lower. Gold miners were better, bullion and geo-political risks helping here, NEM up 3.6% and NST rallying 3.2%, with PRU doing very well, up 9.7%. Lithium stocks slipped lower, and oil and gas stocks were pushed higher on rumours that Israel would attack Iranian nuclear facilities. Uranium stocks are rallying slightly.

In corporate news, JHX fell 6.2% on disappointing numbers, and MYX dropped 29.8% as the bidder is trying to wriggle out of the deal with private equity. NUF collapsed 30.1% after downgrading guidance. CAT jumped 13.7% on a 19% increase in revenues. Gold and silver are pushing ahead again in Asian trade. On the economic front, Commonwealth Bank expects the Reserve Bank to cut interest rates earlier than expected. Asian markets saw Japan fall 0.2% with HK up 0.4% and China up 0.1%.

Pre-Market Report – Wednesday 21 May: US markets slip slightly | Gold bounces 1.8%

Wed, 21 May 2025 08:00:00 +1000

Wall Street recorded a negative session as markets contemplated US fiscal concerns while Congress debated a bill for tax cut. Ended a streak of six consecutive gains for the S&P 500. S&P 500 down 0.39%, NASDAQ down 0.38%. Dow down 115 points. Dropped at open and maintained level for most of session. Ended mid range. Mostly negative sector performance. Energy once again worst sector. Long-term global growth concerns. Growth sectors performed poorly. Tech down. Alphabet down 1.5% despite pushing AI at its Input/Output annual conference. Cyclicals also down. Tesla (+0.5%) rare positive as Musk stated its ready to trial robotaxi in Austin this June. Financials also eased as growth and fiscal concerns came into spotlight. JP Morgan (+0.3%) exception as shareholders approved executive pay packages and appointment of new directors. Utilities and Healthcare only two sectors up. Utilities benefitted from shift into defensives. Healthcare regained some of recent losses after Trump stated tariffs on sector on the way – no update as of yet. Home Depot down 0.6% despite beating estimates. Stated it would swallow tariffs rather than pass on to consumers. Resources up. Weaker dollar a boost. Aluminium, zinc, lead all up over 1%.

ASX to rise. SPI futures up 48 points (+0.62%).

End of Day Report – Tuesday 20 May: RBA cuts 25bps | ASX 200 up 48 points

Tue, 20 May 2025 16:00:00 +1000

ASX 200 rallies 48 points to 8343 (0.6%), regaining yesterday’s loss as the RBA cuts rates by 25bps, as expected. Banks better, led by NAB up 1% with the Big Bank Basket up to $269.90 (+0.7%). MQG rallied 2.0% with other financials better, too, ZIP up 3.1% and PNI up 1.7%. Insurers firmed, and REITS pushed higher as rates fell. 10-year yields fell to 4.44%. Industrials are also doing well, with WES up 0.8% and TLS rising 2.2% as it pushed up phone plans. SGH is up 1.4%, and retail is doing better as rates fall. JBH is up 1.3% with TPW rising 2.9% and travel stocks also in demand, CTD up 1.9% and FLT up 1.5%. KGN fell on disappointing results, off 8.9%. Tech stocks rose, with TNE the standout, up 11.3%, beating expectations and hitting new records. The All-Tech Index is up %. Resources mixed, iron ore miners gave up early gains, and gold miners too started well but wilted with NST down 1.4% and NEM off 11.4%. Coal stocks are flat, oil and gas mixed, and uranium slightly weaker. In corporate news, OFX crashed 34.6% after a huge run yesterday and a trading halt. On the economic front, the RBA cut rates to 3.85% lowest in two years. China eased rates back too. Asian markets were positive with CATL listing in HK today. European futures pointing to a solid opening.

Pre-Market Report – Tuesday 20 May: US markets bounce back from downgrade | RBA Day

Tue, 20 May 2025 08:00:00 +1000

Wall Street recorded a flat session following Moody’s downgrade of the US’s credit rating after market close on Friday. US indices dropped at open but recovered by the end of session. S&P 500 up 0.09%, NASDAQ up 0.02%. Dow up 137 points. Ended near high. Mostly positive sector performance. Healthcare best performing sector. Novarax (+15%) boosted sector as received FDA approval for Covid vaccine. Utilities second best performer. Other defensives did well too. Materials and Industrials both up. Energy worst performing sector by over 1%. Moody’s downgrade renewed global growth concerns. Cyclicals also showing weakness. Tesla (-2.3%) dragged sector down. Barron’s report from over weekend showed Chinese sales fell about 25% in April and first half of May. Market reacted negatively to AMD (-2.1%) selling recently acquired ZT Systems’ server-manufacturing business to Sanmina for $3Bn. Microsoft up 1.0% after offering its data centres to various AI companies while announcing new AI tool for coding. Resources mixed. Weaker dollar benefitted oil, copper, tin. But many base metals fell on weak Chinese data. Iron ore, Aluminium both down.

ASX to rise. SPI futures up 73 points (+0.88%).

End of Day Report – Monday 19 May: ASX 200 falls 49 on US weakness | CBA up 1%

Mon, 19 May 2025 16:00:00 +1000

ASX 200 followed US futures down on Moody’s downgrade, off 49 points at 8295 (0.6%). Banks tried to hold off the selling, but the Big Bank Basket rose to $267.97 (+0.3%). MQG fell 3.4% as it went Ex-dividend. Financials slid, ZIP off 6.2% and PPT down 2.9% with PNI off 2.4%. Insurers unchanged, REITs fell as bond yields pushed up a little to 4.51%. GMG down 0.6% and SCG off 0.3%. Industrials eased back too, CPU down 1.0% and WTC falling 2.1% with retail and travel stocks down. DMP fell 2.6% as CEO ANZ resigned. Resources pounded by lower commodity prices, BHP off 2.4%, RIO down 1.3% and FMG being crunched 4.9%. Lithium stocks depressed, PLS off 10.0% as the shorts came roaring back in LTR too off 16.6%. MIN fell 8.8% after announcing a new chair. Gold miners were better on haven buying, NST up 1.9% and NEM bouncing 2.5%. Coal stocks hit hard as NHC downgraded guidance, off 7.1% with WHC down 3.4%. Uranium stocks also seeing fallout, PDN down 4.1% and the oil and gas sector easing back too. In corporate news, MYX in a trading halt pending more information on the Cosette bid, EOS jumped 14.7% on a Euro contract, LLC down 0.4% after signing JV with the King. On the economic front, Chinese data mixed. Asian markets eased back in line with US futures.

Pre-Market Report – Monday 19 May: US markets firm | Moody's downgrades US

Mon, 19 May 2025 09:00:00 +1000

Another good night on Wall St despite bearish headlines. S&P 500 up 0.7%. Nasdaq up 0.52% and the Dow up 332 points. Closing on the high. Michigan consumer sentiment dropped on Friday for the 5th month in a row to a 10Y low. Inflation expectations hit 4.6%. The highest reading since the measure began in 2008. Sounds bad but both numbers are sentiment based, not real data. The rise in stocks was attributed to continued momentum and optimism surrounding the US/China trade deal. Pretty much every newswire is saying the rally will soon run out of steam due to ‘future’ economic data turning sour. The market ploughs ahead. The key number quoted is the ‘effective’ US tariff on imports. Following Monday it’s down from 24% to 14% but still well above the pre-Trump level of 2.3%.

SPI down 7 - US Futures fall on Sunday - Dow down 263 - Nasdaq down 143

End of Day Report – Friday 16 May: ASX up 46 points to 3-month high | Resources rally

Fri, 16 May 2025 16:00:00 +1000

The ASX 200 wilted slightly from 8400, to close up only 46 points at 8344, touching a 3-month high. Today, it was all about resources as BHP, RIO, and FMG rallied. The gold sector, too, was back in demand, with GMD up 4.4% and NEM rising 3.6% after a bruising week. LYC bounced too much 2.7% with LTR continuing to find friends and shorts covering. Up another 3.2%. In oil and gas, WDS unchanged and STO rose 0.5%, with uranium stocks giving back some recent gains, PDN down 8.0%, and BOE off 7.2%. Banks took a breather with NAB pushing higher again, CBA off slightly, and MQG fell 1.5% with IAG down 2.8%. The Big Bank Basket $267.18 (+0.1%) Financials were stronger, PNI up 2.8% and IFL rising 1.2%. ZIP is up another 2.4%. REITs also benefitted from lower yields and pushed higher, GMG up 2.9% and SCG rising 2.5%. Healthcare was better as CSL rose 1.4% with industrials a slight green tinge. TCL is up 0.9%, and QAN is doing well, Retail is, too, ahead of RBA next week. Tech slipped, XRO was down 1.1%, and WTC was off 2.2%. The All-Tech Index is down 0.1%. In corporate news, APX jumped 18.7% on an update at the AGM, NWH shrugged off Valhalla news, and DXS went down 1.1% after APAC moved on breach of contracts. Nothing locally on the economic front, Japanese GDP fell slightly, and China and HK went down 0.6%. 10-year yields down to 4.45%.

Pre-Market Report – Friday 16 May: US markets positive | Gold rallies, oil falls

Fri, 16 May 2025 09:00:00 +1000

Wall Street recorded another mixed day in a choppy session as US data came in weaker than expected. US producer prices unexpectedly dropped and retail sales were mixed. S&P 500 up 0.41%, NASDAQ down 0.18%. Dow up. Dropped at open but steadily rose throughout day. Ended near high, up 272 points. Mostly positive sector performance. Growth sectors returned some recent gains. Tech slightly down, Cyclicals down. Amazon (-2.4%) and Tesla (-1.4%) dragged Cyclicals down. Tesla impacted by news Musk took leased cars back to sell after saying they were taken back to become robotaxis. All other sectors up. Rate-sensitive sectors best performing. Weak data caused yields to fall, boosted REITS and Utilities. Non-Cyclicals also did well despite Walmart (-0.5%) warning of price hikes following Trump’s tariffs. Healthcare also up following recent struggles as Trump demands costs consumers’ face are lowered. UAE to build biggest AI campus outside of US. Priced into Big Chips in the days prior. UnitedHealth dropped 10.9% as DoJ began criminal probe into potential Medicare fraud. Down 28.9% last 5 days, down 53.0% in last month. Meta down 2.3% as it delayed release of flagship AI model due to capability concerns. Resources down. Oil down after Trump claimed US close to Iran nuclear deal. OPEC+ hike also to increase supply faster than expected according to IEA. Base metals down. Fears of longer-term US-China trade. Iron ore still near 5 week high. Zinc, Aluminium, Nickel all down.

ASX to rise. SPI futures up 80 points (+0.96%). Gold up 2% Oil down.

End of Day Report – Thursday 15 May: ASX up 18 points | CBA and banks driving higher

Thu, 15 May 2025 16:00:00 +1000

The ASX 200 rose 18 points to 8298 (+0.2%) as the banks put in another solid day. CBA is up 1.3% with NAB once again slightly outperforming, ANZ up 1.7% with the Big Bank Basket up to $266.85 (+1.3%). MQG rallied 1.2% with other financials mixed. Insurers better, IAG rose 5.7% after signing a deal with RACWA. Up 5.7%. REITs were once again under pressure as yields continued higher as job numbers came in better than expected. SCG down 1.9% and GMG off 1.0%. Industrials rose, WES up 2.2%, and ALL recovered some of the dips yesterday,y up 1.9%, with WOW and COL slightly better. Tech rallied, and XRO released some good numbers, rising 4.7%. Resources failed to launch again, BHP down 0.7% with RIO off 0.4% and gold miners under siege as bullion falls again. GMD down 3.2% and NEM off 4.0%. Base metal and lithium stocks eased, MIN up 1.9%. Oil and gas slid back, WDS down 1.8%, and uranium mixed again.

In corporate news, GNC leaped 8.8% on a positive update, and NWH fell 8.3% after a warning on the Valhalla steelworks sale process. MYX jumped 8.2% after Deloitte reviewed the Cosette $672m deal. TWE fell 5.2% as the CEO stepped down.

On the economic front, the labour market showed strength, with a jump of 89k jobs in April, more than the 20k forecast. Asian markets drifted lower, with Japan down 0.9%, HK down 1.0%, and China down 0.7%. Dow futures down 0.5%, NASDAQ futures down 0.2%.

Pre-Market Report – Thursday 15 May: US markets mixed | Gold and oil slip

Thu, 15 May 2025 09:00:00 +1000

Wall Street recorded another mixed session as sectors diverged in their reactions to the US-China trade deal. S&P 500 up 0.10%, NASDAQ up 0.72%. Dow down. Rose at the open and fell throughout the day before recovering somewhat near end. Ended down 89 points. Mid-range. Primarily negative sector performance. Tech only sector up more than 1%, Cyclicals only other sector up, Financials flat. Alphabet Tech leader, up 3.7% without major news, recovering from some recent weakness. Nvidia up 4.2% after reports US close to allowing UAE to import millions of Nvidia chips. Healthcare worst performing sector, continuing recent struggles. Pharma companies have begun considering moving early stage trials outside of US following US layoffs and policy changes. REITS down as yields tick higher. Cisco down 0.8% despite raising annual results forecast on AI demand. Netflix up 1.1% after announcing ad-supported service has 94m subscribers. Ford down 0.6% after recalling 273,000 vehicles in US as break fluid leakage increases risk of accident. Resources up. Oil down after recent rises. Base metals had good night. Iron ore hits 5 week high, up over 2%. Zinc, Aluminium, Nickel all up over 1%.

ASX to fall. SPI futures down 36 points (-0.43%). Gold and oil down - Iron ore up

End of Day Report – Wednesday 14 May: ASX 200 up 11 | CBA results, ALL dips on earnings miss

Wed, 14 May 2025 16:00:00 +1000

The ASX 200 was up 11 at 8280 (0.1%), with some big movers hurting positive sentiments. ALL had an 8.9% fall on an earnings miss, and MQG slid 1.6% as ASIC looks at short selling reports. CBA reported a better-than-expected number and rose 0.8% with the Big Bank Basket up to $263.99 (+0.6%). NAB is rallying hard again. Insurers were better, SUN was up 0.9% with financials mixed, IFL toppled 15.8% as Bain pulled the plug, GQG saw some profit-taking, and XYZ and ZIP both showed a clean pair of heels. REITs remain under some pressure as yields hit 4.47% in the 10s. Healthcare slipped, CSL down 0.4% and SIG falling 2.3% with PME pushing higher again. Retail stocks slipped a little, APE down 2.4% on a broker downgrade, but JBH up 0.6%. ALL weighed on the sector. Tech stocks built on Tuesday’s gains, WTC down 0.6% and the All-Tech Index up 1.5%. Resources were a mixed bag. BHP and RIO were around 0.5% higher, FMG was moving 2.2% higher, gold miners were mixed, GMD up 3.5% and CYL up 6.4% with NEM down 2.0%. MIN rose 4.0%, and LTR continues to roar ahead in the lithium space, up another 6.1%. Oil and gas better, WDS up 3.4% as oil prices rose, and it signed a deal with Aramco in Louisiana. In corporate news, MYX back from a trading pause as the US regulatory deadline draws close. On the economic front, wage growth came in at 3.4%, slightly higher than expected. Asian markets mixed, with Japan down 0.2%, HK up 1.7%, and China up 0.9%.

Pre-Market Report – Wednesday 14 May: The rally continues | Nasdaq up 1.6%

Wed, 14 May 2025 09:00:00 +1000

Wall Street recorded primarily positive results as US inflation data came in slightly below expectations at 0.2% MoM rather than the 0.3% forecasted. S&P 500 up 0.72%, NASDAQ up 1.61%. Dow down. Fell at the open and dropped again before the close. Ended down 270 points, near low. UnitedHealth major drag on Dow, down 17.8% as the CEO stepped down and it suspended annual forecast. Mixed sector performance. Tech led gains. Chips did well as companies announced AI deals in the Middle East following Trump’s visit.

End of Day Report – Tuesday 13 May: ASX 200 rallies 36 points | Gold miners hit, banks ease

Tue, 13 May 2025 16:00:00 +1000

The ASX 200 rose 36 points to 8269 (0.4%). 11-week high. Disappointing in some respects as defensive stocks saw sellers move to more leverage assets. Banks slipped with ANZ Ex-dividend, the Big Bank Basket down to $261.90 (-0.5%). MQG pushed another 3.7% ahead, with other financials doing well. HMC is up 3.7%, and RPL is rallying 5.7%. ZIP was the standout, up 8.8%, with XYZ bouncing 5.9%. REITs sold off as rates moved higher, 10-year yields up to 4.43%. Defensive industrials fell, COL and WOW went down hard, TCL fell 2.2%, and TLS dropped 2.6%. Tech did well but off highs. WTC is up 4.9% and XRO modestly higher, up 1.7%, with the All-Tech Index up 3.1%. In resources, iron ore drifted back a little, BHP up 2.1% and FMG up 2.7% with base metal stocks also in demand, MIN up 9.8% and LTR up another 3.5%. S32 had a great day up 5.6%. Gold miners were sold off on bullion weakness. NST was down 4.6%, with NEM down only 1.8% as EVN fell 5.3%. LYC dropped 3.8%on rare earth supply from China resuming. Oil and gas stocks are better, WDS up 3.7%, and STO rallying another 2.9%. Uranium stocks paused. Coal was a happy place, WHC up 3.2%. In corporate news, RIC successfully raised $125m to buy DNL’s fertilizer distribution business. PNV is doing well on diabetes trials, and ALD rose 2.2% as it sold an NZ business. ASK rejected a takeover offer from Ki. On the economic front, consumer sentiment lifted on election results. Asian markets mixed, Japan up 1.7% with China flat and HK sliding back 1.5%.

Pre-Market Report – Tuesday 13 May: US markets soar, Dow up over 1000 | Gold falls

Tue, 13 May 2025 09:00:00 +1000

Wall Street jumped as the US and China agreed to cut tariffs for 90 days. Chinese imports are cut from 145% to 30%. US imports are cut from 125% to 10%. S&P 500 up 3.26%, NASDAQ up 4.35%. Dow jumped at open at inched upward throughout the session. Closed up 1161 points, just 8 off high. Broad rally. All sectors up except Utilities. Flat. Cyclicals and Tech best performers. Amazon (+8.1%) and Tesla (+6.7%) boosted the former. Defensive sectors were the laggards as risk-on sentiment reigned. Still recorded gains. Healthcare was up despite Trump's executive action to lower drug prices. Seen as vague and difficult to enforce. Pfizer rose 3.6%, Eli Lilly up 2.9%, Moderna jumped 6.0%. Investment banks up as outlook for risk assets improved. Goldman Sachs, Morgan Stanley and Citigroup all recorded gains of over 4%. Apple up 6.3% on tariff news. Same day it announced it would use AI to help preserve iPhone battery life. Resources mixed. Some jumped on news – Aluminium, Iron Ore. Others down. Nickel down 1.4%, Lithium down 1.0%.

ASX to rise. SPI futures up 97 points (+1.17%).

End of Day Report – Monday 12 May: ASX 200 up a mere 2 points | US Futures in demand

Mon, 12 May 2025 16:00:00 +1000

ASX 200 kicks higher, just up 2 points to 8234 (+0.0%) after losing momentum as the day wore on. US futures are up strongly on hoped-for details on US/China trade negotiations. Dow futures up 1.1%, Nasdaq futures up 2.1%. Gold fell, miners under pressure with GMD down 5.7% and EVN off 3.7%. Base metals and lithium stocks are better, MIN up 8.3% and LTR roaring ahead, up 12.6%. S32 is also having a good day on CEO retirement. The stars were for iron ore stocks on China hopes, BHP up 2.3% and RIO up 2.1%, with FMG only managing half that rise. Oil and gas stocks were also better, with WDS up 2.0% and KAR up 5.1%. Uranium stocks also firmed again. Banks were flat as NAB went Ex-dividend. Down 2.3% and the other three mixed. The Big Bank Basket is down to $263.16 (-0.2%). MQG rose 2.1% as its run continued, GQG had a great day up 8.0%, and REITs were a little underwhelming. GMG rose 1.6% on a broker upgrade. Industrials mixed, WOW fell 1.5% after announcing price cuts. Drug companies fell on news that Trump was going to cut drug prices in the US.

In corporate news, DNL rose 2.0% as it sold the fertiliser distribution business to RIC. Nothing on the economic front. Asian markets were firm again. Japan up 0.3%, HK up 1.4%. 10-year yields rose to 4.37%.

Pre-Market Report – Monday 12 May: US Futures up around 0.9% on China talks | Gold eases

Mon, 12 May 2025 08:00:00 +1000

Stocks ended flat overnight. Profit taking took hold from a strong open ahead of US/China trade talks this weekend. S&P 500 down 0.1%. Nasdaq flat and the Dow Jones 119 points. Closing near the low. Energy the best performing sector as oil rebounded. Healthcare the worst. S&P 500 down 0.5% for the week. Our market flat. Trump news dictated market direction rather than economic updates. 45 tweets in one night. The majority were positive.

SPI up 16 - US futures up 0.9% on US China weekend talks. Gold eases back.

End of Day Report – Friday 9 May: ASX finishes up 40 points | Flat for the week

Fri, 09 May 2025 16:00:00 +1000

The ASX 200 rose 40 points (+0.5%) today, led by rebounds in banks and tech stocks. Most sectors in green. Financials lifted following a heavy selloff earlier in the week. MQG up 3.8% after reporting a profit rise. CBA up 0.9% while ANZ (-1.4%) lagged behind. Tech also firmed, riding a positive global lead from Wall Street on easing trade tensions. WTC up 1.1%, XRO up 2.7%.

Pre-Market Report – Friday 9 May: US markets rally in UK trade deal | MQG, QBE, REA results

Fri, 09 May 2025 09:00:00 +1000

No intro music today !

Wall Street rose as the US and the UK announced a trade deal although all three major indices shed some of their gains before market close. S&P 500 up 0.58%, NASDAQ up 1.07%. Dow rose as news of the trade deal was revealed but dropped before the close. Ended in the low-mid range. Up 254 points. Mixed sector performance. Bond yields rose on news of trade deal and sparked rotation out of defensive sectors. Utilities and Consumer Non-Cyclicals down. Industrials best performer. Up on news of trade deal. Boeing (+3.3%) boosted sector as UK announced it would purchase $10Bn worth of planes. Energy up with oil prices. Cyclicals did well as Amazon (+1.8%) and Tesla (+3.1%) were two of three best performers of the Magnificent 7. Alphabet (+1.9%) other after large drop the day before. Apple (+0.6%) rather muted given announcement of new specialised chips for smart glasses, AI and MacBooks. China-US trade uncertainty weighed on Apple. US auto makers up on news of trade deal despite criticising it. Ford (+0.0%), General Motors (+4.1%) and Stellantis (+5.0%) all said it would harm the US auto sector. Resources mixed. Did well considering USD strengthened. Aluminium and Tin up over 1%. Iron ore down over 1%, Lithium down over 2%.

ASX to open flat. SPI futures up 3 points (+0.0%).

End of Day Report – Thursday 8 May: ASX finishes up 13 points | Trump to meet with UK PM

Thu, 08 May 2025 16:00:00 +1000

The ASX 200 closed with a gain of 13 points (+0.16%) after clawing back early losses as Trump teased a trade deal. Expected to be with the UK. Sterling and Aussie dollar rose on the news. Futures also jumped. Dow futures up 0.4%, Nasdaq futures up 0.9%. Most sectors in the green for the ASX 200. Financials, Healthcare and Consumer Discretionary exceptions. ANZ fell 1.9% after disappointing earnings. WBC down 4.1% after it went ex-dividend. Fell more than dividend. CBA down 0.3%, results next Tuesday. NAB bucked the trend and rose 1.4%. Gold miners led the rally. NST up 2.4% and EVN up 2.0%. Utilities and Industrials also did well. Defensive stocks popular after Powell’s hawkish tone. Industrials helped by CPU (+3.1%). No clear reason for rise. AGL rose 2.2%, COL gained 1.1%. Resources mixed. Lithium, Copper down, Coal up. Iron ore miners flat to down. BHP flat, RIO up 0.1%, FMG down 0.7%. ORI rose 7.4% after a 40% profit lift to $250.8m and a dividend boost. GYG rose 3.3% after saying it will beat full-year profit forecasts and expand in the US.

Pre-Market Report – Thursday 8 May: US markets rally | Fed keeps rates unchanged

Thu, 08 May 2025 08:00:00 +1000

Wall Street ended in the green following a choppy session as the Fed announced rates would remain steady, as expected. Chip stocks boosted the market with a late rally after a report suggested regulations may be eased. S&P 500 up 0.43%, NASDAQ up 0.27%. Dow rose at the open, dropped after the Fed announcement, and then recovered close to earlier highs. Ended 285 points up. Most sectors up. Tech worst performer. Dragged down by Alphabet (-7.3%) after Apple (-1.1%) said it may integrate AI for Safari in the future which would hurt Google searches. Cyclicals best performing. Boosted by Amazon (+2.0%) as it unveiled Vulcan, robotic device with a sense of touch. Healthcare second best performer, recovering some of the previous session’s losses. Chip stocks boosted by easing regulation hopes. Nvidia (+3.1%), ASML (+3.0%), Qualcomm (+3.1%). Disney (+10.9%) jumped on strong earnings growth from Disney+ and theme parks. Ford (-1.5%) down as it announced price increases on Mexico built cars and suspended earnings guidance. Resources down. Stronger USD hurt. Lead and iron ore the exceptions. Iron ore boosted by US-China talks and hopes of Chinese stimulus.

ASX to rise. SPI futures up 8 points (+0.1%).

End of Day Report – Wednesday 7 May: ASX 200 up 27 points | Resources better, banks flat

Wed, 07 May 2025 16:00:00 +1000

Another solid day with the ASX 200 up 27 points to 8178 (+0.3%). NAB (+1.6%) results helped, but the news of Bessent heading for a Swiss showdown with Chinese counterparties on trade, popped US futures higher and commodity stocks were back on. China also cut rates. BHP up 0.9% with RIO up 0.6%. Gold miners were solid on bullion’s rise, SPR up 0.9%, and VAU doing better, up 3.3%. NST fell 2.6% though with WGX up 2.9%. Lithium stocks better, LTR up 7.8% on WA loans, PLS rallied 4.8% and MIN up 2.6%. LYC slipped as US/China relations improved. Oil and gas stocks also bounced. WDS up 1.7% and STO up 2.0%. Uranium stocks were once again in demand as shorts continue to cover, BOE updated the market and ran hard, up 12.4%. PDN up 4.4%. Banks stalled with the Big Bank Basket flat at $263.60. NAB (+1.6%) the standout and CBA (-0.5%) the problem child. Other financials doing well. MQG rose 0.9% despite news from ASIC on serious breaches. ASX up 2.5% and PNI up 4.3%. ZIP presented at the Macquarie conference and rose 13.0%. Industrials were mixed, CSL fell 3.0% with TLX down too but RMD up 0.9%. REITs were positive. Tech slipped, XRO down 0.3% and WTC off 0.4%. The index slipping 0.2%. Retail recovered from early JBH losses, PMV up 2.6% and TPW on an update rose 8.0%.

In corporate news, no real bad news from Macquarie Conference. NXL slammed 16.0% on an uncertain update, KLS ran hard, up 18.3%, on a positive briefing. On the economic front, all eyes on the Fed and China stimulated again with more rate cuts.

Asian markets slightly positive. Japan up 0.5%. 10-year yields steady at 4.29%. Dow futures up 0.5%, NASDAQ futures up 0.6%.

Pre-Market Report – Wednesday 7 May: US markets slip | Futures rally on Bessent moves to meet China

Wed, 07 May 2025 08:00:00 +1000

Wall Street ended in the red as comments by Trump and Bessent were vague about when trade deals will be announced. S&P 500 down 0.77%, NASDAQ down 0.87%. Dow dropped at the open, rose into the green during the day, and slipped again before the close. Ended 390 points down, near low. All sectors red except Utilities and Energy. Utilities benefitted from drop in yields. Energy followed oil up from four year low. Healthcare worst performing sector. Down on tariff fears. Big names like Eli Lilly (-5.6%) and Merck (-4.6%) led losses. AMD down 2.0% ahead of earnings call which it beat. Down 0.7% in after hours trading. Tesla down 1.8% along with rivals Lucid (-1.3%) and Rivian (-0.4%) as the two EV makers flagged rising costs in earnings reports. Resources primarily up. Nickel, Copper, Tin all up. Lithium and Natural Gas down.

ASX to fall. SPI futures down 31 points (-0.38%). US futures up sugnificantly

End of Day Report – Tuesday 6 May: Quiet day on the ASX | Gold shines

Tue, 06 May 2025 16:00:00 +1000

The ASX 200 fell for the second straight session, recovering from early lows, dropping 6 points to 8151 (-0.1%). Mixed sector performance. Healthcare worst performing sector. Pulled down by two biggest names. CSL (-2.5%) down as it flagged vaccine scepticism in US as a challenge. SIG (-6.7%) down after it took a $42.4m hit in transaction costs so far in FY25. Disappointment of WBC (-2.0%) earnings continued to weigh on Banks and broader index. CBA flat, Big Bank Basket down to $263.69 (0.6%). Other financials fared better. MQG (+0.8%) up as its conference kicked off. Also up are RPL (+0.9%), XYZ (+0.7%). REITs up as RBA rate decision draws nearer. Two weeks today. GMG up 0.2%, MGR up 0.9%. Tech more mixed. WTC down 2.2% as it stayed quiet on guidance give tariff difficulties. NXT jumped 8.3% as it smashed utilisation record on AI demand. Added to Growth on Friday.

Pre-Market Report – Tuesday 6 May: US markets slip, breaks 9-day streak | SPI down 21

Tue, 06 May 2025 08:00:00 +1000

Wall Street's recent winning streak came to an end with all the major indices were down as optimism on trade negotiations faltered after Trump said he’d lower tariffs on China “at some point” and announced a 100% tariff on movies produced outside the US. Ended nine straight day of gains for S&P 500. Down 0.64%, NASDAQ down 0.74%. Dow dropped at the open, rose into the green during the day, and slipped again before the close. Ended 99 points down, middle of its range. All sectors red. Energy worst performer. Followed oil down as OPEC+ announced plans to hike output while forecasted demand falters. Oil now at four year low. Consumer Cyclicals also one of worst performing sectors. Amazon (-1.9%) and Tesla (-2.4%) drags. Amazon down following slightly disappointing earnings last week. Same with Apple (-3.1%). Tesla’s rally post-earnings slowed as auto industry group in Spain said Tesla sales declined while EV sales rose. AMD (+1.8%) up ahead of their earnings tomorrow morning. Anticipation of good results. Palantir (-0.4%) down 8.6% after hours following a disappointing earnings call. Berkshire Hathway (-5.1%) also down as Buffet announced he will step away from CEO role at the end of the year despite remaining Chairman. LME was closed yesterday.

ASX to fall. SPI futures down 21 points (-0.26%). Gold up 3% - Oil falls

End of Day Report – Monday 5 May: ASX 200 down 80 | WBC results hurt bank sentiment

Mon, 05 May 2025 16:00:00 +1000

The ASX 200 started the week giving back 80 points to 8158 (1%) as the bank rally faded post WBC results. Slightly underwhelming and lack of growth to blame. WBC fell 3.0% taking CBA down 1.6% and the Big Bank Basket down to $265.29 (1.7%). MQG followed the other lower down 1.8% ahead of numbers Friday. Other financials gave up early gains, with RPL and XYZ, two of the only winners. REITs also slipped led by GMG down 2.2% and MGR off 0.9% with industrials also weaker. Retail sagged, PMV down 3.4% and APE off 3.1% with MYR down 3.5%. Defensives such as TLS slid 1.1% and REA down 1.8%. Resources held up better with BHP down only 0.9% and RIO off 0.9% despite rising Iron ore prices in Singapore. Gold miners were mixed, GOR jumped 9.4% on the takeover by Goldfields, NST up 0.4% and EVN up 2.1% with BGL rallying 2.2%. Lithium stocks were flat, LYC up 1.8% and oil and gas stocks crumbling in the face of oils fall. WDS down 3.6% and STO off 4.0%. Uranium stocks mixed, NXG down 4.6% and BOE up 0.8%. In corporate news, TYR pulled out of SMP talks, PLY dumped after CEO retires wounded. RWC warned on tariffs and fell 2.4% with EDV forecasting flat to modest retail sales growth. Nothing on the economic front. In Asia, China and Japan closed for a holiday. 10-year yields pushing higher to 4.26%.

Pre-Market Report – Monday 5 May: US markets kick again on jobs | WBC results

Mon, 05 May 2025 08:00:00 +1000

Wall St rose Friday to record its 9th straight positive session. Boosted by US/China trade talk and economic data. Dow up 564 points closing near the high. S&P 500 up 1.47%. Nasdaq up 1.51%. For the week, S&P 500 up 2.9%, Nasdaq up 3.4%. The ASX 200 rose 3.39%, best week since December 2023.

Non-farm payrolls came in at 177k on Friday, lower than 185k in March but well above forecasts for a 130k rise. Eased recession concerns. The survey was taken one week after tariffs were implemented and the market was expecting worse. Wage growth came in slightly below forecasts and factory orders jumped (close to estimates).

Bond yields jumped on the jobs report. US 10Y 9.3bp. 2Y up 12.7bp. AU 10Y up 8.8bp despite no change to the odds of a 20 May RBA rate cut (60%). USD index down a touch. Just after the close on Friday Trump announced plans to cut $163bn from the budget comprising a 23% reduction in non-defence discretionary spending. Education, housing, medical research and environmental protection the losers. Defense and border security the winners.

SPI up 32 - WBC Results - OPEC Plus increases supply

End of Day Report – Friday 2 May: ASX 200 closes up 92 for a strong 3% weekly gain | Banks kick to near ATH

Fri, 02 May 2025 16:00:00 +1000

The ASX 200 kicked another 93 points higher to 8238 (1.1%) as China appears to often its tactics. A big kick in US futures on the news helped. Banks led the way higher for a change. The Big Bank Basket up to $269.96 (+1.6%) ahead of the results kicking off next week. CBA up 1.4% and WBC playing some catch-up up rising 1.9%. MQG finally joined in, and other financials did ok with the exception of XYZ, which cratered 26.7% on a downgrade and disappointing earnings. REITs continued higher led by GMG up 1.4% and SCG up 0.6%. Industrials continued to find strength, WOW up 2.3% and COL up 2.1% with WES up 1.2%. Retail took a breather, but tech was mixed with WTC looking at a potential US acquisition up 0.7%. The All-Tech Index down 0.9% as CPU weighs. Off 4.1%. Travel stocks sold down after CTD issued a warning, off 10.0% dragging WEB down 4.2%. Resources initially languished buy bucked up as China news came through, BHP up 0.7% and FMG rallying 1.1%. Gold miners also picked up with news that GOR had gone into a halt pending a takeover offer potentially, NST finding a base up 0.7% and EVN up 2.9% on copper rallies too. MIN rallied 0.8% with LYC under a little pressure still on Ukraine moves and China holding a olive branch. Oil and gas better, WDS up 2.0% ahead of OPEC+ meeting Monday, uranium stocks continue to push ahead as shorts cover, PDN up 2.8% and BOE up 5.3%. In corporate news, CSC jumped 2.8% on record revenues. On the economic front, retail trade rose 0.3% MoM. Asian markets rose, Japan up 1.2%, HK up 1.6% and China closed for a holiday. 10-year yields steady at 4.22%

Pre-Market Report – Friday 2 May: US markets continue higher | Now positive since 'Lib Day'

Fri, 02 May 2025 08:00:00 +1000

The Dow Jones Industrial Average climbed 83.60 points, or 0.21%, to close at 40,752.96. The S&P 500 gained 0.63% to end at 5,604.14, still slightly below its levels from before President Donald Trump's "Liberation Day" tariffs announcement in early April. The Nasdaq Composite increased 1.52%, to close at 17,710.74 and wipe out the decline it experienced since April 2.

Weekly jobless claims increased 241,000, topping the Dow Jones estimate of 225,000 and keeping Thursday’s bullishness in check. That result stoked economic concerns after a disappointing gross domestic product report for the first quarter. The unemployment data also raises the stakes for April’s nonfarm payrolls reading on Friday.

SPI down 32 - Apple and Amazon down slightly after hours on quarterlies - Block tumbles - Atlassian drops - Gold eases - Oil rises.

End of Day Report – Thursday 1 May: ASX 200 closes up 19 | Resources stumble, banks solid

Thu, 01 May 2025 16:00:00 +1000

The ASX 200 kicked off May with a 19-point gain to 8146. Some Asian markets closed today as are some European markets. US futures showing a very positive session, given the results from Meta and Microsoft. Banks held firm with CBA up 0.4% and the Big Bank Basket flat at $265.81 (0.2%). Other financials did ok too, PTM rose 11.4% as Kerr Neilsen sold out to LSF. Merger talks are on. HUB rose 2.3% and PNI up 0.9%. MQG continue to miss out closing down 0.3%. REITs were positive, with a focus on data centres, given the Azure results from Microsoft. GMG up 3.4% and DGT up 6.3%. Industrials also in favour, WTC rallied 6.6% and XRO up 3.2% as tech found big buyers. REA up 0.4% and retail stocks continuing to find buyers. JBH up 0.8% and BAP up 2.4% with travel stocks better too. WOW and COL better too as results cheer. Resources were in a world of pain. LYC fell 3.4% on possible moves from China, iron ore stocks dropped, BHP down 0.9% and PLS under pressure. Gold miners were mixed, NST fell another 0.8% with EVN off 1.3% as copper rallied after a sobering day yesterday. OBM bounced 3.0% and SPR rose 2.0%. Uranium stocks back in demand after a day’s rest. DYL up % with BOE up % and PDN up %. Oil and gas stocks fell, WDS down 2.6%. In corporate news, PTM was a focus with JDO chopped down to size on an update. DXB rose 41.9% on a good licensing deal. In economic news, the BoJ kept rates unchanged. Asian markets were disrupted by holidays in China. Japan up 1.1%. 10-year yields at 4.19%.

Pre-Market Report – Thursday 1 May: US markets recover | Meta and Microsoft beat expectations

Thu, 01 May 2025 08:00:00 +1000

Wall Street oversaw a late rally in Wednesday’s session to recover from an initial selloff as markets dealt with the US’s first economic contraction since 2022 and anticipated Big Tech earnings. Seventh straight day of gains for the S&P 500. Up 0.15%, NASDAQ down 0.09%. Dow dropped sharply early on but recovered late to end the day up 142 points (+0.35%). Closed near high. Mixed sector performance. Energy worst performer as oil prices posted steepest monthly decline since 2021. Consumer Cyclicals followed. Dragged down by Amazon (-1.6%) and Tesla (-3.4%). Real Estate best performer. Rate sensitive. GDP contraction increased rate cut probability. Healthcare second best. GSK (+3.5%) and Humana (+1.1%) beat earnings expectations. Helped lift sector. Microsoft (+0.3%) and Meta (-1.0%) had earnings results after market close. Smashed expectations. Microsoft up 8% after hours, Meta 4%. Qualcomm (+1.1%) and Caterpillar (+0.6%) missed estimates. Down 6% and 0.4% after hours. Resources dropped sharply. Oil down on tariff headwinds and US GDP contraction. Reignited fears of global slowdown. Metals down across broad. Chinese PMI released yesterday. Fell more than expected.

ASX to fall. SPI futures down 28 points (-0.34%).

End of Day Report – Wednesday 30 April: ASX 200 kicks at the close | Up 3.7% for April

Wed, 30 Apr 2025 16:00:00 +1000

The ASX 200 finished the month up 56 points to 8126 (+0.7%), giving us a 3.7% rise for the month. Hard to believe really. A 14% rally off the lows. CPI today came in slightly higher than some expected, but clears the way for a rate cut next week. Banks celebrated with CBA pushing 2.2% higher, NAB up 0.5% and the Big Bank Basket up to $265.43 (+1.6%). Other financials were a little mixed. MQG fell 0.5%. Insurers better, SUN up 2.3%. REITs also going well. GMG up 1.9% and SGP up 1.3%. Industrials firmed with retail again doing better, JBH up 0.7% and WES up 1.6%. COL reported today and eased 0.8%. BXB starting to find support. ALL up 1.9% and Tech doing ok, WTC up 1.0% and the Index up 1.2%.

Resources took a breather today as the shorts backed off on the buying. Uranium stocks fell back a little as did gold miners. NST still suffering from soft quarterly, down another 3.5%. FMG gave back some of yesterday’s gains, down 1.1%, and S32 fell 1.1%. BHP and RIO were relatively steady. Lithium stocks slipped a little, PLS down 2.3% and MIN unchanged after the big rally yesterday. JHX finding support, up 1.2%.

In corporate news, plenty of quarterlies. ORG fell 1.4% on its weaker quarterly. SGR unchanged despite news that losses increased.

On the economic front, the local CPI came in at 0.9% and 2.4% for the year, giving the RBA a reason to be cheerful. Meanwhile in China, factory activity fell. No surprise there really. Asian markets were firm. 10 -year yields slipped to 4.13%. Dow futures flat, NASDAQ futures down 0.4%

Pre-Market Report – Wednesday 30 April: US markets rally for sixth day | WBC takes a hit

Wed, 30 Apr 2025 09:00:00 +1000

Wall Street recorded another set of gains on Tuesday in a choppy session as markets weighed upcoming earnings, economic data and changing trade policy. Sixth straight day of gains for the S&P 500. S&P 500 up 0.58%, NASDAQ up 0.55%. Dow fell early on but recovered to end the day up 300 points (+0.75%). Closed near high. All sectors in green except Energy. Lower oil prices. Materials and Non-Cyclicals top performing sectors. Trump signed an order to reduce the impact of his auto tariffs to positive results. Ford up 1.3%, Tesla up 2.2%, most of the Magnificent Seven. General Motors down 0.6% but it pulled its outlook amid tariff uncertainty. Visa up 1.2% after beating estimates on strong card spending volumes. Coca Cola (+0.8%) also beat estimates but guided tariffs could hurt consumer sentiment. Resources mixed. Oil down to two weak low. OPEC+ boost to output and fears of global economic slowdown. Metals mixed. Aluminium up +1.3%, Nickel down 0.4%.

ASX to rise. SPI futures up 28 points (+0.35%).

End of Day Report – Tuesday 29 April: ASX 200 hits 2-month high | WDS better on giant US project

Tue, 29 Apr 2025 16:00:00 +1000

The ASX 200 closed up 74 to 8071 in another strong day pushing to a two-month high. Up 0.9%. All sectors firing, the banks did well with NAB up % and WBC up % as the Big Bank Basket crept to $261.14 (0.4%). Financials also in demand, PNI up 2.3% PPT up 3.1% and MQG up 0.8%. AMP continues to push higher, up another 3.6%. Insurers and REITS firmed, GMG up 1.6% and SCG rising 0.9% with SUN better by 0.7%. Industrials better across the board, BXB bounced back 1.5% with CPU up 1.9% and ORG rising 3.2%. Retail stocks also in demand again, JBH up % and TPW rising %. Travel stocks also better, CTD up 4.3% leading the pack. Healthcare pushed back up too, PME up 2.7% and TLX recovering a little. In resources, iron ore miners gained with FMG quarterly and a broker upgrade helping it rise 5.8% with S32 up 2.6%. The gold sector recovered some of its recent losses with GMD up 5.1% and BGL rising 4.0%. NST quarterly disappointed on production guidance and fell 4.7%. Heavily shorted resource company also squeezed a lot higher, MIN up 13.2% after its quarterly, uranium stocks continue to power ahead, PDN up 8.5% with BOE up 14.3%. Lithium plays also in demand, LTR up 5.6%. WDS rallied 1.5% on its big US LNG project FID. In corporate news, EDV got a new CEO, WHC rose on quarterly production report, AIA fell as it announced it would delay a second runway. Nothing on the economic front. Asian market better, Japan up 0.4%, China down 0.1% and HK up 0.1%. 10-year yields 4.19%.

Pre-Market Report – Tuesday 29 April: Flat night on Wall Street ahead of a busy week

Tue, 29 Apr 2025 08:00:00 +1000

Wall Street recorded a flat session on Monday ahead of various economic data and earnings releases this week. S&P 500 up 0.06%, NASDAQ down 0.1%. Dow fell throughout the day but rose in the late afternoon to finish in the green. Up 114 points (+0.28%). Mixed sector performance. Real Estate and Energy best two performers. Tech worst performer after leading gains for three consecutive days. Modest losses. Amazon (-0.7%) down as sellers plan on reducing Prime Day discounts to protect margins amid China tariffs. IBM (+1.6%) up after it pledged $150 billion US investment. Another Tech concession to Trump. Nvidia down 2.1% as rival Huawei announces new chip. Intel (+2.3%) up after it was 6.7% down the previous session. Rebound from a strong sell-off. Resources mixed. Oil down. Weakening demand fears. Nickel up +0.9%. Natural gas up 7.9% on lifted demand forecast and front-month contract’s expiration.

End of Day Report – Monday 28 April: ASX up 29 as confidence wanes | US Futures ease

Mon, 28 Apr 2025 16:00:00 +1000

The ASX 200 jumped out of the box to finish up 29 points to 7997 (0.4%) as some caution crept in as the day wore on. CBA turned negative, not helping as NAB soared 1.7% and the Big Bank Basket fell to $260.16 (-0.2%). Financials were generally firm, AMP finding a few new friends up 2.5% and XYZ bouncing slightly. GQG fell 1.4% and PNI popped 2.7%. REITs were mixed, GMG rose 0.8%. Healthcare stocks back in favour, RMD up 2.4% and even CSL put on 1.0% with PME up 3.7%. TLX fell 6.6% on FDA news. Industrials were positive with WES up 1.4% and the tech space better, XRO up 1.9% and the Index up 1.3%. Retailers getting a boost with JBH up 1.5% and AX1 rising 1.7%. HVN also put on 2.4%. In resources, gold miners continued to see profit taking as bullion slipped further as risks cooled. NEM fell 1.3% with VAU down 2.3% and GMD falling 3.6%. Lithium stocks are under pressure again, with LTR down 4.4% and PLS falling 2.4%. BHP slid 1.1% with RIO unchanged. LYC led rare earth stocks higher on its quarterly, uranium stocks saw modest moves with STO up 2.2% and WDS gaining 1.8%. In corporate news, BVS slid 11.2% on a surprise CEO resignation. AGI rose 31.1% as minority shareholder bid 100c for remaining shares. Nothing on the economic front today. China making some noises about stimulus and protecting jobs. Asian markets firmed, Japan up 0.4%, China unchanged and HK up 0.1%. 10-year yields falling to 4.16%.

Pre-Market Report – Monday 28 April: US markets continue to rally | SPI builds on gains

Mon, 28 Apr 2025 08:00:00 +1000

Wall Street recorded a fourth consecutive day of gains on Friday to finish a strong week with Tech leading the way as hopes of a de-escalation in the trade war between the US and China boosted all indices. S&P 500 up 0.74%, NASDAQ up 1.26%. Dow dropped and rose steadily throughout day to finish flat. Ended near high. Up 20 points. Mixed sector performance. Growth outperformed defensive. Rotation to risk-on stocks. Financials and Non-Cyclicals down. Tech and Consumer Cyclicals top two performers for third day running. Alphabet up 1.7%. First session after earnings beat analyst forecasts following market close on Thursday. Intel down 6.7% after disappointing earnings post-market close Thursday. Tesla up 9.8% after Trump administration said it hopes to speed up the development of self-driving cars by easing safety regulations. Up 23.7% last week. Resources down. Stronger dollar weighed on resources. Iron ore (-1.1%), copper (-0.3%) and zinc (-1.9%) all impacted.

ASX SPI up 2 following 81 point rise Friday Morning.

End of Day Report – Thursday 24 April: ASX 200 up 48 to 7968 | ANZAC long weekend ahead

Thu, 24 Apr 2025 16:00:00 +1000

A strong finish to a short week as the ASX 200 closed up 48 points to 7968 (0.6%). For the week we are up another 1.9%. A solid performance from the banks again with NAB up % and WBC rising %. The Big Bank Basket rose to $260.77 (+0.75%). MQG up another 1.2% as brokers upgraded post the Nomura deal. Fund managers picked up too, PNI up 2.6% and MFG rising 1.2%., GDG failed to touch the wall with its business update falling 14.9%. AMP feeling some love from brokers up 2.5%. ZIP also doing well as shorts covered. REITs better as an RBA rate cut beckons. At least according to WBC. Industrials relatively flat, tech better, WTC up 2.5% and the All-Tech Index up 0.6%. Healthcare saw gains with RMD doing well up 8.5% as it believes it is exempt from tariffs. The action again was in resources, BHP up 0.9% and FMG up 1.0%. Gold miners bounced back as bullion bounced and panic subsided. NEM quarterly helped and were up 3.5%, RRL up 4.1% with NST bouncing slightly. Shorts were being covered in uranium stocks again, PDN roaring ahead, up 12.1%, MIN up 5.9% and ILU up 2.4%. In corporate news, plenty of quarterlies dropping. PWH fell 5.7% as the CEO and founder is stepping back for medical leave. JHX is getting attention from Jim Chalmers on its move to redomicile without shareholder approval. On the economic front, WBC’s economist Luci Ellis says a 25bps cut in May is now on the cards. Asian market mostly better. 10-year yields at 4.24%.

Pre-Market Report – Thursday 24 April: US markets rally again | Gold sell down

Thu, 24 Apr 2025 09:00:00 +1000

Wall Street recorded a second day in the green as Trump stated he had “no intention of firing Powell” and Treasury Secretary Bessent renewed hopes of trade war de-escalation with China. S&P 500 up 1.67%, NASDAQ up 2.50%. Dow rose sharply but pared some gains throughout day. Closed near low. Up 420 points. Most sectors up. Growth sectors led rally. Tech and Consumer Cyclicals top two, benefitting from de-escalation. Apple, Microsoft and Alphabet all up >2%. Amazon and Tesla largest Consumer Cyclicals. Up 4.3% and 5.4%, adding to Tuesday’s 3.5% and 4.6%. Tesla up on relief rally that Musk will spend more time with company than Trump. Boeing up 6.1% after posting a better-than-expected loss for Q1. Novarax jumped 19.5% after the FDA asked for more data on its COVID vaccine. Resources mixed. Oil down 1.8% after reports OPEC+ might accelerate output in June. Iron ore up 1.7%, close to three week high Boosted by hopes of smoothing relations between the US and China. Up more than 15% this month after hitting 17-month low at start of April.

ASX to rise. SPI futures up 13 points (+0.16%). Gold sold down - Anzac Ahead

End of Day Report – Wednesday 23 April: ASX 200 closes up 104 | CBA and gold miners sink

Wed, 23 Apr 2025 16:00:00 +1000

The ASX 200 was a mirror of yesterday with CBA and gold miners down today and the rest of the market up. The index closed up 104 points at 7920(1.3%). In the banks, CBA fell 2.5% with NAB the standout up 3.2% with the Big Bank Basket down to $258.77 (-0.8%). MQG leapt 5.3% with other financials back in demand, PNI up 6.0% and GQG up 7.1%. REITs also doing well with GMG rallying 3.0% and VCX up 2.7%. Industrials firmed across the board, WES up 1.8%, ALL rising 4.4% and SGH up 3.2%. Healthcare stocks also saw gain, TLX up 12.5% on a sales update. Tech stocks better, WTC put in 5.5% with XRO up 2.9% and the All-Tech Index up 3.5%. Resources were generally firm, BHP up 3.3% with FMG rallying 2.7%, LYC fell 7.6% on possible Chinese de-escalation, gold miners too saw some profit taking across the board, with NST down 9.6% and EVN falling 10.9% as NEM dropped 7.0%. Uranium stocks had a lovely day out, PDN reassured the markets with a production update, up 24.6%, and Spott has been buying the sector; DYL is up 12.0% with oil and gas stocks also doing well, STO is up 6.1% with WDS putting on 3.6%. On the corporate front, IFL revealed FUM and rallied 4.5% with CTT falling 24.4% on reporting weak demand in US on tariff uncertainty. On the economic front, new business activity in Australia’s private sector rose at the fastest pace in three years. Asian markets firmed with Japan up 1.9%, HK up 2.2% and China up 0.3%. 10-year yields eased slightly to 4.26%.

Pre-Market Report – Wednesday 23 April: US markets rally hard | Trump not going to sack Powell

Wed, 23 Apr 2025 08:00:00 +1000

Wall Street bounced back to end a four-day losing streak as markets responded positively to quarterly earnings reports and hopes of a de-escalation in US-China trade tensions. S&P 500 up 2.51%, NASDAQ up 2.71%. Dow steadily rose throughout day and ended near high. Up 1017 points. All sectors green. Financials led the charge. All major names up 2.9% or more. Followed by Consumer Cyclicals. Amazon (+3.5%) and Tesla (+4.6%) largest names in sector. Tesla was up ahead of earnings release – better than expected, up over 5.5% in after hours trading. 3M Co up 8.3% after beating analyst consensus. Verizon recovered from an initial drop to finish up 0.61% as markets weighed mixed earnings results. Resources mixed. Oil up 1.3% on new US sanctions on Iran. Copper climbed further to hit new two-week high. Iron ore down as India imposed temporary 12% tariff on certain steel imports from China.

ASX to rise. SPI futures up 100 points (+1.28%). Dow futures kick again on Trump's comments on Powell.

End of Day Report – Tuesday 22 April: ASX 200 down only 2 points | CBA up 4.2%

Tue, 22 Apr 2025 16:00:00 +1000

The ASX 200 shook off early losses as banks pushed ahead. The index closed down 2 points at 7800 (0.03%), with CBA hitting a record high! Up 4.2% The strength here has masked underlying index weakness. Other banks trailed in its wake with the Big Bank Basket up to $260.87 (+2.5%). Other financials were mixed, GQG up 2.9% with CGF also doing well, IFL dropped 4.3% on a broker downgrade, PNI fell 2.4% and XYZ off 5.5%. REITs also fell hard, GMG down 1.6% and CHC falling 1.2%. Industrials also fell with tech under serious pressure, WTC down 2.4% and the Index down 2.0%. Retail fell too, LOV off 1.6% and APE down 1.6%. Travel stocks fell, FLT off 4.1% and CTD falling 2.9%. In resources, gold miners were the stars again, NST up 3.0% and EVN pushing 4.9% ahead as copper hit a two-week high. GMD up 1.4% and OBM rose 3.0%. Lithium miners fell as CATL is pushing ahead with sodium-ion technology. Uranium stocks trounced as DYL paused its Namibian operations, falling 8.2% and PDN down 12.5%. Iron ore miners steady, despite the fall in iron ore in Singapore. In corporate news, MQG rose 0.6% as it sold is asset management business to Nomura. BGL fell 7.1% after more detail on its hedge book emerged. ILU and REE joined forces to bid for a Kenyan Rare earth project. Nothing on the economic front. Asian markets were better than expected with 10-year yields at 4.23%.

Pre-Market Report – Tuesday 22 April: US markets fall hard on low volume day | SPI closed

Tue, 22 Apr 2025 08:00:00 +1000

Wall Street saw red as Trump continued his attacks on Fed Chairman Powell. Markets feared for the central bank’s independence. S&P 500 down 2.36%, NASDAQ down 2.55%. Dow dropped and stayed near low throughout day. Rose a little before close. Down 972 points. All sectors down. Growth sectors fared worst as risk off sentiment reigned. Consumer Cyclicals and Tech both down. Telsa drove consumer cyclicals sell off. Down 5.7% ahead of earnings later today. NVIDIA was leader of Tech fall. Down 4.5%. Suffered again from US clampdown on China exports. Uber down 3.1% after FTC sues for misleading subscribers. Resources down. Oil down 2% after signs of progress in US-Iran talks.

Waiting for Tesla - MQG sells asset management business.

ASX SPI futures closed over Easter. Expected to fall given drop in US.

End of Day Report – Thursday 17 April: ASX 200 up 60, +2.3% for the week | Gold shines

Thu, 17 Apr 2025 16:00:00 +1000

A good end to the week as the ASX 200 rose 60 points to 7808 (0.8%), breaking through as SPI expiry boosted volumes. Positive US futures helping the Easter Bunny remain positive., For the week the ASX 200 is up 2.3%. Today was all about gold and resources, BHP up 1.1% and RIO up 2.9% doing well on broker reactions to production reports. Gold miners better, but looking a little tired short term, EVN up 1.7% and NST up 1.2% with VAU up 3.2%. Lithium saw some gains, PLS up 4.4% and MIN up 2.4% with LTR up 3.9%. ILU doing well on the rare earths play, up 5.6%. Oil and gas stocks rose, WDS up 3.9% with STO up 2.9% with KAR rising 7.6% on Q1 report. Uranium stocks gaining, as shorts covered, PDN up 4.1% and BOE up 4.0%. Banks were solid, the Big Bank Basket up to $254.43 (+0.7%). Financials were better with CGF rising 10.2% on a 3Q update. IFL rose 3.3% as DD was extended another 4 weeks to both bidders. REITs better as rate fell, 10-year yields dropping to 4.28%. Industrials firmed, with CPU up 1.0%, REA up 0.9% and JHX rallying 2.3% on news big investors are lobbying the ASX to scrutinise the takeover. In corporate news, AMP rallied 3.2% after an increase in net cash flows, BHP shipped weaker-than-expected volume of Australian iron ore over the past three months. PLS blamed the cyclone for a production drop, up 4.4%. WTC fell 2.2% as ASIC looking at White’s trades. On the economic front, we got jobs numbers, 4.1% with 32k new jobs slightly below forecasts. Asian Japan up 0.8%, HK up 1.3% and China off 0.2%.

Pre-Market Report – Thursday 17 April: US markets resume sell off on Nvidia news | SPI down 26

Thu, 17 Apr 2025 08:00:00 +1000

Wall Street recorded a negative session yesterday as Powell cautioned that larger than expected tariffs would result in slower growth and higher short term inflation. S&P 500 down 2.24%, NASDAQ down 3.07%. Dow began day down and dropped further following Powell’s comments. Closed near low. Down 700 points. All sectors down excluding Energy. Tech suffered heaviest losses, driven by chipmakers as US tightened curbs on exports to China. Nvidia down 6.9%, ASML down 7.1%. Other growth sector, Consumer Cyclicals, second worst performer. Tesla down 4.9%, coincided with 15% sales drop in California in Q1. United Airlines (-0.02%) relatively stable yesterday, guided resilient performance backed by premium travel offerings. Resources mainly up. Oil up just under 2%, 2-week high as US sanctions Iranian oil. Copper and Nickel also gained.

ASX to fall. SPI futures down 26 points (-0.33%). Gold hits records - Quarterlies drop.

End of Day Report – Wednesday 16 April: ASX 200 falls 3 after early gains | US Futures down on Nvidia news

Wed, 16 Apr 2025 16:00:00 +1000

ASX 200 gives up gains to close down 3 points at 7759 as US futures turn down on Nvidia news. Banks as usual a safe place to be, the Big Bank Basket up to $252.55 (1.0%). WBC up 1.5% and MQG unchanged. Financials mixed, ZIP rising 16.2% on a very positive update and upgrades. REITS firmed with SCG up 1.2% and VCX up 0.5% whilst GMG fell 0.5%. Industrials were weaker, SGH down 1.5%, GYG fell 3.5% and FLT off 2.3%. Retail stocks eased back, LOV down 2.5% and AX1 off 6.3%. Tech fell, the All-Tech Index dropped 0.6% as WTC announced Richard White had a new role. Same as the old role really. XRO fell 1.2%. Resources were slipping again, iron ore miners fell, BHP down 1.2% with RIO off 2.7% and FMG falling 2.4%, Gold miners soared as quarterlies are pointing to the cash piling up, GMD up 8.4% and EVN kicking 1.3% higher again. Energy stocks under pressure, WDS down 2.3% and WHC falling 7.4% with uranium stocks once again on the nose, the fallout continues, PDN down 4.6% and BOE off 4.6%. In corporate news, BOQ up 5.5% on higher margins, SGR trading again unchanged as the rescue plan continues to play out. KAR up 1.6% after raising expenditure guidance. In economic news, Chinese GDP beat estimates. Locally building activity fell, the total number of dwelling units commenced fell 4.4% to 41,911 dwellings. Asian markets under pressure, Japan down 1.3%, HK off 2.3% and China off 0.7%. 10-year yields rose to 4.34%.

Pre-Market Report – Wednesday 16 April: A second quiet night | Trump tariff fatigue has got us all

Wed, 16 Apr 2025 09:00:00 +1000

Wall Street recorded a negative session overnight as nerves surrounding Trump’s tariffs remained. Second session with tight trading range after volatility of last two weeks. S&P 500 down 0.17%, NASDAQ down 0.05%. Dow initially rose but fell throughout session. Ended near low. Down 178 points. Boeing, one of biggest Dow weights, dropped 2.36% after China ordered airlines to reject further deliveries.

End of Day Report – Tuesday 15 April: ASX 200 up 13, banks lead | RBA Minutes

Tue, 15 Apr 2025 16:00:00 +1000

The ASX 200 consolidated the move yesterday with a gain of 13 points to 7762. Easter is calling it seems. Banks were the key with the Big Bank Basket up to $250.19 (0.6%). CBA up 0.5% and MQG gaining 0.8% too. Other financials were a little soggy, GQG down 1.9% with HUB falling 2.9% despite good FUA numbers. PNI dropped 5.0%. REITs eased back too, GMG down 1.2% and SCG down 0.9%. Healthcare saw CSL better despite threats from Trump to put tariffs on pharma; Industrials drifted lower. WOW down 1.8% with REA off 1.8% and tech under some pressure. WTC down 2.2% with XRO falling 1.5% as the All-Tech index dropped 0.8%. Retail generally slipped with SUL off 2.9% and FLT falling 2.8%. Resources were flat in the main; EVN had a great quarterly and rose 3.9%, whilst other gold miners saw some profit-taking; BHP, RIO, and FMG showed slight gains. LYC and other rare earth stocks in demand, as China blocks exports. Uranium and coal stocks falling away, NXG down 2.6% and NHC off 1.3%. In corporate news, BGL resumed trade down % as it raised $156m to buy back its hedge. CKF fell 7.7% on news it will close Taco Bell. PPT fell 1.4% as money left the building and AX1 up 4.7% on news of Sports Direct launch. On the economic front, The RBA minutes left the door open for a possible May rate cut. Asian markets mixed, Japan up 0.9%, HK down 0.3% and China down 0.3%. 10-year yields falling to 4.35%.

Pre-Market Report – Tuesday 15 April: US rally continues with another small backflip | SPI up 18

Tue, 15 Apr 2025 09:00:00 +1000

Wall Street responded positively to Trump’s announcements over the weekend of temporary exemptions for electronics and possibly autos. Muted session, longer-term uncertainty remains. S&P 500 up 0.79%, NASDAQ up 0.64%. Dow recovered from some midday softness to end the session closer to the high, up 312 points. All sectors up. Real Estate was largest winner, rate sensitive sector, benefitted from US yields falling after last week’s rise. Mood was cautious, defensive sectors did well, Utilities and Consumer Non-Cyclicals. Apple (+2.21%) largest winner of Big Tech, most to gain from electronics temporary tariff relief. Amgen (+2.78%) up despite antirust suit over US patient access to Erelzi. Pfizer (+0.96%) stopped development of obesity pill over liver injury risk. Resources mixed, oil flat, copper up amid China stimulus hopes and a declining dollar. Other metals like aluminium and zinc down.

ASX to rise. SPI Futures up 18 points (+0.23%).

Gold down 0.39%, still near record highs. US dollar (-0.40%) down again, status as safe haven is taken a bruising. Bitcoin up 1.36%.
European markets up, all major markets recorded gains >2%. Euro Stoxx up 2.69%, Germany up 2.85%. More modest gains in Asia. Japan up 0.88%, HK up 2.40%.
Bond yields gave up some of last week’s gains and stabilised, US 10Y dropped 11.4bps, US 2Y dropped 11.7bps.

End of Day Report – Monday 14 April: ASX 200 up 102, relief rally continues | US and European Futures positive

Mon, 14 Apr 2025 16:00:00 +1000

It was a solid start to the week, with the ASX 200 up 102 points to 7749 (1.3%). Strong banks and resources are taking us up. The Big Bank Basket rallied to $248.77 (+1.6%). CBA was up 1.7%, and WBC was up 1.6%. Insurers also better with MQG flat as some downgrades coming through. REITs rallied hard, GMG up 2.4% and SCG up 1.8%. Industrials were better but lagged, WES up 1.1% and SGH up 2.7% with the supermarkets flat, retail rose, LOV up 2.4% and JBH rallying 2.4%. Travel stocks were a little better, tech doing well, WTC up 3.1% and XRO rising 2.3% with the All-Tech Index up 2.1%. TLS slipped a little. In resources, iron ore miners rose, BHP up 2.7%, RIO up 1.4% with the gold miners pushing up although gold saw some profit taking. NEM up 4.5% with EVN up 2.6%. MIN had a good day as some shorts covered again, PLS rallied 3.3% with IGO up 3.2%. Oil stocks inched up WDS up 1.1% and STO up 1.8% with uranium and coal stocks better, WHC up 4.8% and DYL up 3.9%. In corporate news, NEU jumped 21.1% on a positive end point for its Phase III trial. DEG up 1.6% as GOR will vote in favour of the NST deal. Nothing locally on the economic front. Asian markets better, Japan up 1.6%, HK up 2.1% and China 0.3% higher. 10-year yields steady around 4.41%.

Pre-Market Report – Monday 14 April: US markets finish well | Banks report

Mon, 14 Apr 2025 08:00:00 +1000

Wall St finished higher after the most volatile week we have seen since covid. Four primary market drivers overnight – China increasing tariffs again, US investment banks kicking off quarterly earnings, calming comments from Fed officials and both consumer sentiment and inflation expectations coming in worse than expected. S&P 500 up 1.8%. Nasdaq up 2.1% and the Dow up 619 points. Closing near the high. VIX down 8%. The headlines weren’t particularly good (see below), but there are signs ‘peak fear’ has been reached.

Main negative driver was China keeping up the tit for tat tariff escalation. Last night it raised tariffs on US products from 84% to 125%. Refusing to back down. On the positive side, Trump has repeatedly said he ‘respects Xi’ and is ‘open to negotiations’. The AFR had some good data yesterday on how dependant China is on the US. A lot would surprise you. Considering China’s reputation as the manufacturing powerhouse of the world, the sector only accounts for 20% of GDP and just 15% of its exports to the US. Australia on the other hand ships a third of all goods to China, less than 5% go to the US.

Investment bank earnings started well. JPMorgan Chase (+4%), Morgan Stanley (+1.4%) and Wells Fargo (-0.95%) all beat estimates. Ted Pick, MS CEO was the most optimistic on the outlook, saying the US economic could avoid a recession. The others more pessimistic, which limited big gains. Wells Fargo couldn’t finish in the green after management said its NIM will fall at the lower end of guidance. BlackRock (+2.6%) rose after its assets hit a fresh record of $11.58T. Larry Fink there hasn’t been a systematic rotation out of US equities into Europe and Asia but didn’t rule anything out.

SPI up 18 - Trump exempts electronics from some tariffs - Lutnick says its temporary.

End of Day Report – Friday 11 April: ASX 200 rallies off lows, off 20 points for the week | Gold soars

Fri, 11 Apr 2025 16:00:00 +1000

The ASX 200 finished down 63 points to 7647 after rallying through the day to close on its highs. European futures expected to open slightly higher. For the week the ASX 200 is down 20 points! Banks slipped slightly with the Big Bank Basket down to $244.92 (-0.6%). MQG slid 0.8% and insurers also turned down, QBE down 0.6% and SUN off 1.5%. PNI continued to fall with GQG up 1.5% and ASX up 2.2%. REITs pulled back, GMG down 1.3% and SCG off 2.6%. Industrials were mixed, WES up 2.0% and TLS a star still up 1.1% with WOW and COL slightly former. Tech eased. WTC down 1.2% and XRO off 0.7%. The All-Tech Index down 1.2%. Resources were easier, BHP off 1.6% with RIO down 1.2%. MIN down 2.0% despite a broker upgrade, gold miners were on fire. NST up 5.5%, EVN up 7.8% and NEM up 5.4%. Bullion pushing higher yet again. JHX resumed its fall down 3.5% with ORI down 3.8%. Oil and gas slipped, WDS down 2.1% and STX off 5.9% with the uranium stocks back under slight pressure again. PDN down 3.0% and BOE flat. Not much on the corporate or the economic front today. Asian markets were mixed, Chinese market seeing support from authorities. Japan down 3.2% with China up 0.5% HK up 1.9%. 10-year yields jumped to 4.39%

Pre-Market Report – Friday 11 April: US markets tumble again | Gold jumps

Fri, 11 Apr 2025 08:00:00 +1000

Stocks fell Thursday, giving back some of the gains from the historic rally seen in the previous session after President Donald Trump announced a 90-day reprieve on some of his "reciprocal" tariffs. Investors worried that even with the short pause on some of the duties, economic activity will be slowed by Trump's singling out of China with a much higher rate.
The S&P 500 sold off 3.46% and closed at 5,268.05, while the

Nasdaq Composite slid 4.31% to end at 16,387.31. The Dow Jones Industrial Average dropped 1,014.79 points, or 2.5%, settling at 39,593.66.

Notable decliners included Apple and Tesla, which pulled back 4.2% and 7.3%, respectively. Nvidia lost nearly 6%, while Meta Platforms slipped almost 7%.

US Dollar Index - which measures the USD against a basket of currencies, fell 1.8% Thursday.

SPI down 116 - Gold up 3% - Oil down

End of Day Report – Thursday 10 April: ASX 200 up 335 points | Resources soar, banks up 3.9%

Thu, 10 Apr 2025 16:00:00 +1000

The ASX best day in five years up 335 points to 7710 although off early opening highs. Remarkably stable after the initial surge and fall back. Waiting for more information perhaps. Resources were the big winners today, BHP up 5.4% and RIO and FMG a similar rise, shorts getting hurt in MIN up 18.1% and S32 rising 9.5% with the gold miners also very positive. In AUD terms bullion fell but NEM up 4.0% and NST rising 5.1%. Lithium stocks recovered as shorts covered positions, LTR up 15.1% and PLS rising 12.7%. BSL rallied 8.0% and even JHX up 12.0%. Oil and gas showed strength as crude rallied, WDS up 4.7% and STO gaining 4.1%. Uranium stocks were back in fashion, no fall out today, PDN up 17.4% and DYL rallying a dizzying 15.9%. Banks were firm too although off early highs, CBA up 3.6% and WBC gaining 4.9% with MQG up 5.5%. Insurers and financials were very positive, GQG up 3.4% and XYZ rising 13.3% with ZIP rallying 20.7%. QBE up 4.4% and MPL rising 3.7%. Healthcare stocks were better, CSL recovered 3.5% and PME gained 8.4%. Across the board gains in industrials, WES up 2.6% and GMG rising 6.6%. Tech in demand, WTC rallied another 8.0% with XRO up 6.2% and the All -Tech Index up 6.8%. Retailers did well, JBH up 6.6% and travel stocks in demand. In corporate news, QUB got ACCC approvals, ABB rose 4.9% after announcing plans to expand its mobile network. Nothing on the economic front locally. Deutsche pulled back its call for an emergency 50bps rate cut and in Asia, China saw more evidence of deflation and a weakening yuan. Asian market burst higher, Japan up 8.3% with HK up 2.6% and China up 1.3%. 10-year yields slid to 4.33%.

Pre-Market Report – Thursday 10 April: US markets soar on Trump backflip | Dow up 8%, SPI up 6.6%

Thu, 10 Apr 2025 08:00:00 +1000

The S&P 500 skyrocketed 9.52% to settle at 5,456.90 for its biggest one-day gain since 2008. For the broad market index, it was the third-biggest gain in post-WWII history. The Dow Jones Industrial Average advanced 2,962.86 points, or 7.87%, to close at 40,608.45 for its biggest percentage advance since March 2020. The Nasdaq Composite jumped 12.16% to end at 17,124.97, notching its largest one-day jump since January 2001 and second-best day ever.

SPI up 490 points - Resources rally hard overseas - Gold jumps 3%

End of Day Report – Wednesday 9 April: ASX 200 drops 135 points | Banks steady, resources fall

Wed, 09 Apr 2025 16:00:00 +1000

The ASX 200 fell another 135 points to 7375 (-1.8%). At one point the market rallied to a drop of only 75 points as banks found defensive buyers. Resources were the point of pain as commodities fell on global growth and Chinese economic output. BHP fell 3.5% and FMG crashed 4.2% with LYC bucking the trend rising 2.0% as gold miners held relatively steady with bullion pushing higher. MIN fell 12.1% with PLS off 8.4% as NIC fell 14.1%. BSL continues to suffer, down 3.7%. Oil and gas stocks, dropped hard, STO down 5.7% and WDS off 3.7% with uranium under pressure again, PDN down 4.5% and DYL off 7.7%. Coal stocks fell too. Banks held up better, CBA up 0.5% with NAB down 0.7% and the Big Bank Basket down to $237.07 (-0.3%). Healthcare was hit, CSL down 5.0% on pharma taxes to come. COH also falling 2.6% with REITs down too. GMG off 1.6% and VCX falling 1.4%. Industrials were weaker across the board, WES fell 0.6%, WOW and COL eased with QAN down 4.0% and retail trying hard to hold the line. Tech stocks fell back to earth, WTC down 1.8% and XRO off 0.9% and the All-Tech Index down 1.9%.

In corporate news, RPL fessed up to the FUM loss due to OPT and fell hard, down 11.9%. On the economic front the RBNZ cut rates by 25bps. Asian markets were volatile, Japan whacked again down 4.2% with China positive despite the 104% tariffs. HK down 1.6%.

10-year yields pushing up again. Long-dated yields are surging, whilst short-dated yields are falling. US 30-year now at 4.9%. Dow and NASDAQ futures both down 1.8%.

Pre-Market Report – Wednesday 9 April: US markets fall again after initial rally | SPI down 154

Wed, 09 Apr 2025 09:00:00 +1000

Wall Street started the previous sessions strongly, S&P 500 and NASDAQ up over 4%, but all major US indices tumbled into red following the White House announcing a 104% duties tax on Chinese imports. S&P 500 down 1.57%, NASDAQ down 2.15%. Dow started strongly, hitting a high of 1461 points, but closed down 320 points, near low. Every sector down. Energy and Materials worse off given fears of global slow down. Growth sectors struggled, Tech and Cyclicals down. Apple (-5.0%) again hit hardest of big Tech given reliance on Chinese assembly plants – down nearly 9.0% this week. Intel (-7.4%) fell on tariff fears, lowest level since July 2009. Resources down, oil down over a $1 a barrel, four-year low, iron ore down 3.3% as Chinese demand weakens.

Another volatile session for Wall Street. S&P 500 had a range of 7%, Dow had a points range of 2,300. Vix closed at 52.33, first time ending above 50 since April 2, 2020. Market is sensitive to all tariff news. Will be choppy as news of negotiations continues to unfold.

ASX to fall. SPI futures down 142 points (-1.89%).

End of Day Report – Tuesday 8 April: ASX 200 rallies 167 | Resources lead the way

Tue, 08 Apr 2025 16:00:00 +1000

The ASX 200 rose 167 points to 7510 in a Tuesday turnaround. Buoyed by hopes that the tariffs are still negotiable and the US futures showing a good start at least. The market rallied across the board with a special shout out to resources with BHP up 2.3% and FMG gaining 3.5%. Gold miners were also better despite bullion falling as quarterlies beckon. NST ran 5.0% ahead, EVN bounced 5.0% and NEM up 2.7%. Lithium stocks rallied on hopes for more EV stimulus in China, PLS up 5.4% and LTR up 8.1%, short covering helped. In the uranium space, BOE saw shorts in play up 11.0% and WDS rallied 3.3% with STO up 5.4%. Coal stocks also did well, WHC up 8.7%. Banks were solid with the Big Bank Basket up to $237.69 (+2.2%). CBA up 2.8% and MQG bouncing another 3.8%. Financials generally much stronger, GQG up 6.2% and XYZ up 8.6%. ZIP announced a $50m buyback and rallied 6.7%. RETs firmed, GMG up 0.4%. Industrials were strong across the board, WES up 3.0% with JBH up 3.4% and REA doing well up 4.6%. SGH rallied 4.3% with healthcare stocks also in demand, COH up 1.2% on tariff relief, SIG up 5.3%. Tech also doing well, WTC up another 5.0% with XRO up 4.3% and the All-Tech Index up 4.5%. In corporate news, GYG said it was on track for dividend payment. WPR also better on capex required to convert stores with VEA. In economic news, Consumer sentiment fell, the RBNZ has a temporary governor in Christian Hawkesby. Asian markets recovered along China was muted after talking tough on a fightback. 10 -year yields rallied to 4.23%.

Pre-Market Report – Tuesday 8 April: US Manic Monday | Huge volatility

Tue, 08 Apr 2025 08:00:00 +1000

Wall Street closed flat to slightly down in a volatile session which saw all three major indices touch their lowest levels in over a year. S&P 500 down 0.23%, Dow down 349 points, recovering from low of 1703, unable to hold on to high of 892, ended in middle of range. NASDAQ better off, up 0.10%. Most sectors down, Tech and Financials bucked the trend. Real Estate worst off, rate sensitive sector, US yields rose. Broadcom (+5.4%) jumped on announcement of $10 billion share buyback program. Apple (-3.7%) hardest hit of the Tech giants, most reliant on China as iPhones assembled there. Resources down, oil slides to near 4-year low, iron ore down as escalating US-China trade war weighs on prices.

Trading volume broke US records for the second consecutive session. It was choppy. Markets dropped on open, jumped on rumours of a delay to tariffs. The White House denied the rumour, markets fell but not to opening lows. The market is reacting quickly. It wants certainty, how permanent are these tariffs.

ASX to rise. SPI futures up 55 points (+0.75%).

End of Day Report – Monday 7 April: ASX 200 falls 325 points | Banks rally off lows, resources hit

Mon, 07 Apr 2025 16:00:00 +1000

The ASX 200 dropped as expected 325 points to 7343 (4.2%). US futures pointing to another realignment of valuation with a big drop in store. Asian markets are playing some catch-up as China comes back from a holiday. Our market bounced off its low this morning of 7169 with the banks recovering some ground. The Big Bank Basket down 5.7% to $232.68, CBA down 6.2% and WBC off 5.6% with MQG turning positive after an 8% fall to close down 0.8%. Financials were squashed, GQG down 1.9% and PPT does 7.3%. QBE were hit hard as bond yields fall down 6.8%. Some winners in finance though with CGF up 8.3% on a strategic stake acquired and ASK also doing well up % on a NBIO. REITS stumbled lower, GMG down 4.3% and SCG off 3.8% despite rate falls. Industrials too under pressure, WES down 4.9% and CPU off 4.4% with QAN falling 3.7%. ALL came up lemons dropping 6.2% and retail in trouble, JBH down 5.9% and LOV off 8.3%. Travel stocks fell, and tech stocks did better than expected, with WTC actually firmer by 2.2%. The All-Tech Index down 3.1%. Resources struggled as global growth expectations were adjusted, BHP down 6.1% with FMG losing only 3.6%. Gold miners saw profit taking but off early lows, NEM down 3.5% after being down twice that. Oil and gas stocks declined as crude fell, WDS off 5.8% despite selling a US LNG business. Uranium under pressure again, PDN down 9.6% and BOE off 8.7%. In corporate news, ASK got a NBIO from Ki Corp at 147c, CGF saw a Japanese buyer take a 15% stake. Nothing on the economic front. Asian markets played catch up, China down 7.1%, HK off 12.2% and Japan down 6.7%.

Pre-Market Report – Monday 7 April: US markets fall hard | Gold and oil fall, China reopens

Mon, 07 Apr 2025 09:00:00 +1000

Wall St had a second major sell-off overnight as portfolio liquidations increased and China responded to US tariffs. A significant escalation in the trade war. Dow Jones down 2231 points, closing on the low again. S&P 500 down 6% and the Nasdaq down 5.8%. Retaliatory measures from China included 34% of additional tariffs, rare earth export controls and adding 11 US companies to a ‘unreliable entity’ list. Concerns that other countries will follow this precedent soured market sentiment further. All sectors lower, Energy and Financials the worst.

For the week, Dow Jones down 3269 points. S&P 500 down 9.1% and the Nasdaq down 10%. Biggest falls since Covid for all three major indices. The ASX 200 was down 3.9% for the week.
The non-farm payroll release was lost in the tariff dominated headlines. 228k jobs added beat estimates of a 135k increase. It’s still a pre-tariff economic number and recession fears outweighed any positive impact.

SPI down 331 - US Futures in Sunday trading down another 5% - Trump administration doubles down

End of Day Report – Friday 4 April: ASX 200 follows US lower | Banks hit, defensives find friends

Fri, 04 Apr 2025 16:00:00 +1100

The ASX 200 tried hard but ultimately failed falling 192 points to 7668 (2.4%) for a 4.0% loss for the week. It feels like a lot more. After the drubbing of the iron ore stocks yesterday, all held up better than the market, BHP down only 0.5% and FMG off 0.6%. Elsewhere copper and base metal stocks were slashed, S32 down 5.4% with NIC off 8.0% and MIN falling 9.9%. Lithium once again under pressure, PLS down 4.9% and LTR off 3.1%. Oil and gas stocks were under serious pressure on OPEC+ moves, WDS fell 9.1% and STO down 9.4%. Uranium stocks found little support, BOE up 2.7% and PDN down only 0.7%. Some big moves in JHX down 7.8% and DNL (IPL in old money) dropping 8.2% Gold miners were mixed. GOR up 2.4% and RMS gaining 2.1% but NEM down 2.5%. Banks gave up the unequal struggle with the Big Bank Basket down to $246.87(-1.9%) and ANZ down 3.7%. MQG fell a huge 9.0% with financials under pressure. A report of hacking of some superfund managers did not help. MPL rose 1.1%. At least it wasn’t them this time. WOW and COL rose on defensive aspects, retail stumbled and REITs falling, GMG down 5.0%, WES fell 2.5% and SGH off 5.3%. Healthcare stocks eased. In corporate news, ANN bounced 3.0% after saying it would fully offset tariff rises. Nothing on the economic front. NFP in the US tonight. Asian markets muted, China and HK closed for a holiday, Japan down 3.6%

Pre-Market Report – Friday 4 April: US markets tank | Oil dumped, gold eases

Fri, 04 Apr 2025 08:00:00 +1100

Stocks plummeted Thursday, sending the S&P 500 back into correction territory for its biggest one-day loss since 2020, after President Trump unveiled sweeping tariffs, raising the risk of a global trade war.

The S&P500 dropped 4.84% and settled at 5,396.52, posting its worst day since June 2020. The Dow Jones Industrial Average tumbled 1,679.39 points, or 3.98%, to close at 40,545.93 and mark its worst session since June 2020. The Nasdaq Composite plummeted 5.97% and ended at 16,550.61, registering its biggest decline since March 2020. The slide across equities was broad, with more than 400 of the S&P 500's constituents posting losses.

SPI down 93 - Gold eases slightly - AUD firms - Oil dumped on OPEC + moves.

End of Day Report – Thursday 3 April: ASX rallies off lows | China to react

Thu, 03 Apr 2025 16:00:00 +1100

The ASX 200 finished down only 75 points to 7860 (0.9%) as it bounced solidly from support at 7800. The extreme knee jerk reaction on the promises in the Rose Garden saw banks back on the defensive buyers list and companies with little or no overseas exposure did better. CBA rose 1.0% with the Big Bank Basket up to $251.54 (0.2%). ANZ had a shaky start after moves to increase its capital requirements, closing down 1.4% with MQG on the nose off 2.9%. Financial services copped it with GQG off 5.2% and PPT down 4.8%. ZIP remained undone as US consumer confidence woes will continue. NWL hit hard off 8.7%. REITs also reversing some recent gains, GMG off 3.7% and CHC down 4.7%. Healthcare stocks found buyers, CSL up 1.0% and PME rising 2.0%. Industrials eased, WOW and COL better on defensive buyers, WES up 0.3% and REA doing better, up 0.9%. Tech followed US tech lower, WTC off 2.7% with XRO falling 3.4%. The All-Tech Index down 1.2%.

Resources were hurt badly, BHP down 3.4% and RIO off 2.7% with MIN falling 9.5% and PLS down another 6.8%. Gold miners were boosted by bullion price rises on tariff uncertainty, NEM up 2.3% and NST up 2.1%. SPR rose 4.4% with WGX also better. Oil and gas stocks fell hard, WDS down 2.9% and BPT off 2.9%. WHC dropped 7.6% on broker downgrades and uranium still toxic, PDN down 1.3%. In corporate news, TWE reassured no impact from tariffs. CTT smacked 14.5% on serious impact from rising tariffs.

Nothing on the economic front although the RBA released its financial stability report. Asian markets fared better than some feared, with Japan down 3.5%. China down 0.4% and HK off 1.6%. AUD stable with bond yields falling to 4.24% in the 10’s. Dow futures down 2.0%, NASDAQ futures worse at -3.1%.

Disaster Day - Trump's Tariffs Cause a Market Meltdown

Thu, 03 Apr 2025 13:00:00 +1100

In this episode, we break down the market's sharp reaction to Trump's unexpected "Liberation Day" speech - a move that added fuel to global uncertainty.

What was meant to bring clarity has instead delivered worst-case tariffs across 60 countries, rattling markets and spooking investors. We unpack:
• Why markets fell mid-speech
• What Trump's tariff plan really means
• The impact on Australia and global growth
• How we're positioned - and what investors should consider next

This could be the start of something bigger - or just another twist in the story.

Either way, we're watching it closely.

Watch the full video here: https://www.youtube.com/watch?v=09oP_As_pVk

Pre-Market Report – Thursday 3 April: Liberation Day - Tariffs Trump everything | US Futures tumble

Thu, 03 Apr 2025 09:00:00 +1100

Numbers largely irrelevant now. More important: Nvidia down 5% after-hours. Microsoft down 2%. Apple down 6%. Amazon down 5%.

Wall Street recorded a positive, choppy final session ahead of Trump’s tariff announcement – US futures dropped hard following Trump’s speech, average tariffs slightly higher than anticipated. S&P 500 up 0.67%, Dow up 235 points and ended near its high after recovering from an initial drop. NASDAQ up +0.87%. Volatile session as Trump’s tariffs loomed over market, announcement occurred after market closed. All sectors up. Cyclicals and Financials main winners. Tesla (+5.3%) despite Q1 deliveries of 337K well below 378K consensus as stock bounced after Politico reported Musk would step back from Washington duties. Amazon (+2.0%) submitted a bid to buy TikTok's US operations ahead of an April 5th deadline but the White House, overseeing the sale, reportedly isn’t taking the offer seriously. Mining and Energy stocks are down. Mixed session for Copper and Gold stocks.

SPI Futures up 42 points (+0.53%) before Trump's speech. ASX to fall following US futures tumbling following Trump's speech.

End of Day Report – Wednesday 2 April: Quiet trade ahead of Liberation Day

Wed, 02 Apr 2025 16:00:00 +1100

The ASX 200 pushed 9 points higher to 7934 (0.1%) in defensive quiet trade ahead of Liberation Day. Money flowed into banks and REITs with resources under pressure on global growth fears. BHP gave back 1.5% with RIO off 1.7% and FMG down 1.6%. Lithium stocks poleaxed again, PLS down 3.1% and LTR falling 4.3%. Gold miners too under pressure as AUD rallied and bullion steady, profit taking in NEM down 2.1% and RMS off 3.8% with VAU down 3.3%. Uranium remains in fallout mode with PDN down 3.3% and BOE down 3.4% with nearly 25% of the company shorted now. Coal stocks fell and oil and gas slid, WDS down 1.5% and STO off 0.4%. Meanwhile banks firmed again, the Big Bank Basket up to $250.98 (1%). CBA up 1.0% and other financials also doing well, NWL up 1.9% and MPL rising 2.2%. REITs also in demand, GMG up 3.1% and CHC up 3.2%. TLS continues to creep higher up another 1.2% with retail better too. JBH up 1.5% and MYR rising 0.8%. Even DMP rose 2.5%. Tech better as WTC continued to find friends up 1.1%. CPU dropped again down 4.1%. QAN off 2.5%. In corporate news, new CEO at KLS set to shake things up by trying to sell tourism assets, RPL wrote down its OPT to zero! SGR has failed to secure a $750m lifeline from Salter Brothers and WBC has a new chief people officer. Nothing on the economic front. Asian markets in wait and see mode. 10-year yields steady at 4.41%.

Pre-Market Report – Wednesday 2 April: US markets firm ahead of Liberation Day | Gold holds

Wed, 02 Apr 2025 09:00:00 +1100

The S&P 500 climbed on Tuesday in another volatile session as the market awaited clarity from President Donald Trump regarding his tariff policy rollout. Wall Street also faced pressure from weaker-than-expected economic data.

The broad market index added 0.38% to close at 5,633.07, while the Nasdaq Composite gained 0.87% and ended at 17,449.89. The

Dow Jones Industrial Average slipped 11.80 points, or 0.03%, to settle at 41,989.96. The S&P 500's whipsaw moves follow a similar pattern of trading from Monday.

SPI up 28 - Gold steady - Iron ore at Three-Week high.

End of Day Report – Tuesday 1 April: ASX 200 rallies 82 points | RBA on hold, gold at records

Tue, 01 Apr 2025 16:00:00 +1100

The ASX 200 rallied hard despite negative US futures with a 82-point gain to 7925 (+1.0%). The RBA left rates on hold as expected. Banks were the turn around story with CBA up % and the Big Bank Basket up to $248.66 (1.2%). REITs also in demand as GMG bounced 2.7% and SCG up 1.8%. Financials services still under some pressure, IFT down 1.4% and ASX off 3.0%. Industrials generally firmed, WES up 1.3% and WOW and COL better; Retail was back in demand, as retail sales numbers were released, JBH up 1.1% and PMV up 0.9%. Tech was better, WTC up 2.3% and XRO up 1.2% with ORG rallying 2.7% on news from Earring power station. JHX remained under pressure as the recent acquisition plan continues to spur selling, down 3.9%. Resources were back in demand, BHP bouncing % and FMG up %. Gold miners limped higher, NEM up 1.1% and RMS better by 0.8%. EVN doing well up 1.7%. PLS crumbled 5.5% again as shorts took control, MIN fell 0.8% and LTR down 6.4%. Oil and gas positive as crude rose, WDS up 1.7% and STO up 1.7%. Uranium under pressure again. In corporate news, AVJ gained 8.3% as it agreed terms with AVID. Looks like Virgin is heading for a June listing. On the economic front, retail sales rose 0.2% slightly below forecasts. Asian markets better across the board, Japan up 0.2%, China up 0.3% and HK up 1.1%. 10-year yields steady at 4.41%.

Pre-Market Report – Tuesday 1 April: US markets rally off lows | Gold hits record, RBA today

Tue, 01 Apr 2025 08:00:00 +1100

The S&P 500 rallied back from early losses on Monday to end the session higher, as traders nervously looked ahead to President Donald Trump’s tariff plans. The broad market index added 0.55% to close at 5,611.85. At one point, it fell as much as 1.65% and traded 10% below its record. The Nasdaq Composite fell 0.14% and closed at 17,299.29. The Dow Jones Industrial Average advanced 417.86 points, or 1%, to settle at 42,001.76.

The S&P 500 fell 5.8% for the month, posting its biggest monthly slide since December 2022. The Nasdaq lost 8.2% in March, while the Dow has fallen 4.2%.

SPI up 67 - Gold hits record - RBA not expected to move.

End of Day Report – Monday 31 March: ASX 200 drops 139 on quarter end | US Futures down

Mon, 31 Mar 2025 16:00:00 +1100

The ASX fell 139 points to 7843 (-1.7%). Tariff and global growth fears weighed as Asian markets saw profit taking, Japan off 3.8%. Some patches of green with the banks holding up better than expected, CBA up 0.3% but MQG off 3.4% though with the Big Bank Basket down to $(%). Financials geared to the market were in trouble across the board, GQG fell 2.8% with the ASX in trouble with ACCC and ASIC off 2.8%. PNI fell 4.0% with ZIP dropping 7.7% on US consumer slowdown. AMP also falling 3.5%. REITs slid, GMG dropped 2.9% with SCG down 2.0% and industrials also falling. TLS fell only 0.5% on defensive perceptions, CPU down 2.7% and retail sliding, JBH off 1.9% and PMV falling 2.8%. ARB dipped another 3.1% with DMP down 4.6%. ‘Old Skool’ platforms also under pressure, REA dipped 3.3% on news NEC were in DD for the CoStar bid, SEK down 4.0% and the All-Tech Index down 2.2%. WTC rallied 1.5% as it named two new directors. Resources which had done better last week, cast all that asunder and we saw selling in the iron ore stocks, BHP down 3.8% and FMG off 4.0% with lithium under pressure, PLS off 8.2% with LTR falling 4.6%. Gold miners were mixed despite gold heading through $4900. WGX fell 1.4% and NST down 1.7%. Oil and gas also lower, WDS off 2.9% and KAR dropping 5.1%. Uranium stocks were knocked over again, PDN down 5.7% and NXG off 7.3%. In corporate news, DHG was the big one today, down 1.6%. Todd Sampson quit the QAN board, and HMC fell 5.8% as talks emerged of ambitions on Healthscope. Nothing locally on the economic front. Asian market fell hard, Japan under serious pressure, off 3.8% with China and HK down 1.7% and 1.0% respectively. 10-year yields around 4.39%

Pre-Market Report – Monday 31 March: US markets stumble on inflation and tariffs | DHG agrees bid

Mon, 31 Mar 2025 09:00:00 +1100

Wall St sold off on Friday after new economic data reignited tariff driven stagflation concerns. Dow Jones down 401 points, closing on the low. S&P 500 down 2% and the Nasdaq down 2.7%. Discretionary stocks and Big Tech were hardest hit. Already in a sentiment low the mega-cap names fell. Microsoft (-3%), Apple (-2.7%), Amazon (-4.3%), Meta (-4.3%). Big Chips fared slightly better (still fell). They had underperformed all week. Financials, Materials and Defensives also dropped. Utilities were the only sector to finish in the green. REITs and Health Care near flat. For the week. S&P 500 down 1.5% and the Nasdaq down 2.6%.

SPI down 91 - DHG agrees bid

End of Day Report – Friday 28 March: Choppy session for the ASX | On hold for now

Fri, 28 Mar 2025 16:00:00 +1100

The ASX 200 finished the day up 0.2% and up 0.6% for the week. Consumer Staples, Energy and Industrials the leading sectors. Materials and Utilities also did well. It was an excellent session for Gold following the rise in bullion overnight, reaching a fresh record high, with BC8 up 20%, TCG up 14%, RMS up 7%.

Pre-Market Report – Friday 28 March: US markets slip on car tax | Gold up

Fri, 28 Mar 2025 08:00:00 +1100

The Dow Jones Industrial Average dropped 155.09 points, or 0.37%, to end at 42,299.70. The S&P 500 declined 0.33% to close at 5,693.31, and the Nasdaq Composite slid 0.53% to settle at 17,804.03.

Shares of several automakers declined on the announced 25% tariffs on “all cars that are not made in the United States,” which will go into effect on April 2. General Motors pulled back more than 7%, while Ford slipped nearly 4%. Elon Musk’s Tesla added 0.4%, however. Several Wall Street analysts see Tesla as a relative beneficiary of Trump’s auto tariffs given the company’s domestic production.

SPI down 8 - Gold better again - Election 3rd May.

End of Day Report – Thursday 27 March: ASX 200 down 30 | Tech stumbles, gold better

Thu, 27 Mar 2025 16:00:00 +1100

The ASX 200 dropped 30 points to 7969 (0.4%) as the banks came under a little pressure on car tariffs in the US. The Big Bank Basket rose to $245.27 (+0.1%). Financial services also under some pressure as the OPT fall out continues. MQG down 1.1% and GQG off 1.8%. PNI also falling 3.5%. REITs also under some pressure with GMG falling 4.0% as data centre growth seems to be questioned. SCG off 1.4% and GPT down 2.0%. Tech is also under pressure with WTC off 2.0% as AussieSuper sells out on government issues. The All -Tech Index down 2.6%. REA and CAR fell too with DHG down 4.9% on CoStar revised bid being best and final. Retail down too with car stocks sliding, APE off 2.7%, BAP down 2.5% and ARB down 2.0%. Resources were holding their end up, gold miners pushing ahead again, NEM up 0.7% and NST up 0.8%. GOR rose 3.9% as shareholders urged the board to engage. LTR up 1.5% and MIN slightly firmer. BHP, RIO and FMG seeing small gains. JHX finding some support up 2.1% with uranium shorts back in control. BOE falling 5.0% and NXG off 0.3%. Oil and gas better WDS up 1.5%. In corporate news, TRS soared 109.5% on a huge premium bid from Dollarama. RPL fell another 8.9% as OPT fall out continues. DVP quashed rumours on BGL contract. Nothing significant on the economic front although it looks like Albanese will call an election tomorrow for May 3rd. Asian markets were weaker with car makers under pressure. Japan down 0.9%, HK up 1% and China up 0.4%. 10-year yields 4.50%

Pre-Market Report – Thursday 27 March: US markets fall as tech tumbles | Car tariffs announced

Thu, 27 Mar 2025 09:00:00 +1100

The S&P 500 lost 1.12% and ended at 5,712.20, while the Dow Jones Industrial Average fell 132.71 points, or 0.31%, to close at 42,454.79. The tech-heavy Nasdaq Composite shed 2.04% and closed at 17,899.01, as Nvidia shares dropped nearly 6%.

Major tech names such as Meta Platforms and Amazon dropped more than 2%, while Alphabet lost more than 3%. Tesla slid more than 5%.

SPI down 37 - Car tariffs announced - US Futures drop - TRS bid at 112% premium.

End of Day Report – Wednesday 26 March: ASX 200 up 57 to 7999 | Gold miners doing OK

Wed, 26 Mar 2025 16:00:00 +1100

The ASX 200 pushed up 57 points to 7999 (0.7%) after a better lead from the US and benign CPI numbers. Banks once again leading us higher with the Big Bank Basket up to $245.09 (+1.3%). ANZ bouncing back from the big sell down yesterday. Other financials also in demand, MQG up 0.5% and ASX up 1.3% as volumes pick up. REITs better led by GMG up 1.0% and SCG rising 3.3% on Budget news and CPI. Industrials also feeling the love, WES up 0.7% and TCL rising 2.0% with WOW and COL rising 1.7 and 1.5%. Retail was mixed with SUL off 0.8% and LOV falling 1.7% as JBH bounced back 2.5%. Tech was mixed, WTC up 0.3% and XRO down 0.2%. Resources were a happy place as US copper hit record levels. BHP and RIO doing well with FMG up 0.8%. Gold miners were back in demand, NEM up 1.1% and SPR doing well up 4.9% on a RMS upgrade. BGL in a trading halt pending another production issue. MIN bounced 1.8% with LTR up 4.0%. PDN collapsed 11.6% as more issues with rain and production in Namibia, BOE off 4.0% and NXG falling 2.9%. Both WDS and STO were firmer. In corporate news, TUA fell 7.5% on disappointing results, VUL up 12.8% on EU critical project status. WOR CFO resigned. In economic news, CPI fell to 2.4% perhaps opening the door for a rate cut. Budget had no impact. Asian markets mixed again, Japan up 0.8% and HK finding support up 0.3% with China flat. 10-year yields rising to 4.47%.

Pre-Market Report – Wednesday 26 March: US markets eke out gains | Budget fall out

Wed, 26 Mar 2025 08:00:00 +1100

The S&P 500 posted a slim gain on Tuesday as investors built on the previous session’s gains, which were largely sparked by hopes of U.S. tariffs being narrower in scope.

The broad market index added 0.16% to close at 5,776.65, while the Nasdaq Composite gained 0.46% and ended at 18,271.86. The Dow Jones Industrial Average crept higher by 4.18 points, or 0.01%, to settle at 42,587.50.

SPI up 47 - Budget dominates news - Nothing to see here. Quarter end beckons.

End of Day Report – Tuesday 25 March: ASX wilts to close up 6 points | US Futures weaken

Tue, 25 Mar 2025 16:00:00 +1100

The ASX 200 gave up strong gains to finish up 6 points at 7943 (0.1%) as US futures turned slightly negative. Banks were mixed with ANZ sold off by 3.2% and CBA up 0.7%. The Big Bank Basket down to $242.05 (-0.1%). MQG had a good day, up 2.6% as financials generally did well. RPL came clean with its exposure to OPT. VG1 rose 0.6% with RF1 down 2.4%. REITs did well, SGP up 0.8% with SCG up 0.9%. Healthcare too in demand, CSL up 1.4% and RMD up 1.5%. Industrials generally firmed, JBH up 1.0% and WTC bouncing 3.8% with the All-Tech Index up 1.1%. REA and CAR bouncing back on tech enthusiasm.

Resources mixed again, BHP off 0.7% with FMG sliding 1.3%. Gold miners were slightly better with news of a bid for GOR dominating the sector. GOR rose 13.9% with GMD up 0.6% and SPR up 1.2%. Lithium stocks under some pressure, LTR down 3.9% and MIN back 1.0%. JHX continued to slide, 5% down. Oil and gas stocks firmed with uranium buyers getting a note from their parents to avoid buying. PDN fell another 2.4% with NXG running hot on drill results, up 5.8%. In corporate news, NHC fell 3.6% after downgrading its convertible bond conversion price.

Nothing on the economic front ahead of the Budget tonight. Asian markets saw sellers hit HK down 2.2%, China down 0.2% and Japan up 0.2%. 10-year yields steady at 4.43%.

Pre-Market Report – Tuesday 25 March: US markets rally hard on tariff talk | Tech fires up

Tue, 25 Mar 2025 08:00:00 +1100

Stocks jumped Monday on optimism that President Donald Trump may hold back from implementing some of his wide-ranging tariff plans and so the U.S. could skirt an economic slowdown from a protracted trade war.

The Dow Jones Industrial Average jumped 597.97 points, or 1.42%, to end at 42,583.32. The S&P 500 added 1.76% and closed at 5,767.57, while the tech-heavy Nasdaq Composite gained 2.27% to settle at 18,188.59.

SPI up 36 - Gold slips slightly - Budget tonight

End of Day Report – Monday 24 March: ASX 200 fights off early losses | JHX crashes on merger

Mon, 24 Mar 2025 16:00:00 +1100

The ASX 200 rose 6 points to 7937 (0.1%) in quiet trade ahead of the Budget. Banks were firm with the Big Bank Basket at $242.34 (+1.5%). Tariff proof fenced perhaps. CBA up 1.4% and insurers better too, QBE up 0.3%. REITs were a little mixed, GMG down 0.6% and SCG rising 0.6%. RPL was smashed 14.8% on news from OPT that it had missed Phase III end point. RPL owns 32% of the biotech. In the industrials, WOW and COL both giving back some of the optimism from Friday’s ACCC report. Tech stocks also under pressure, WTC down 2.9% and 360 falling 4.4%. The All-Tech Index down 0.5%. Retail weaker, PMV down 2.9% with NCK off 2.0% and MYR down 2.1%. WES rose as did JBH.

Resources were a mixed bag of lollies. BHP fell 0.6% with FMG up 3.2% on some broker upgrades. Gold miners were mixed, VAU down 3.2% with NST off 1.3% and BGL dropping 12.8% on change in substantial holding. MIN bounced 6.9% as the haul road reopened. Oil and gas flat, coal eased, NHC down 4.4% and WHC off with uranium sellers back. BOE down 3.5% and DYL falling 1.8%. In corporate news, JHX announced a huge US merger and dropped 14.5% on the news. HLI fell 25.6% as CBA said it may not renew its contract. SM1 curdled 12.0% on unimpressive results.

Nothing on the economic front. Asian markets flat. 10-year yields back up to 4.42%.

Pre-Market Report – Monday 24 March: US markets rally into close | JHX in huge merger

Mon, 24 Mar 2025 08:00:00 +1100

Another quiet night on Wall Street which saw growth outperform value after some Trump comments sparked a small, late rally. Dow Jones and the S&P near flat, closing near the high. Nasdaq up 0.5%. All three indices notched small weekly gains. Dow Jones the best up 497 points. Trump said he is going ahead with the April 2 tariff date but there may be some flexibility on the terms. His ‘top trade chief’ Mr. Greer plans to meet with Chinese counterparts next week. The market reacted positively. Nothing significant on the economic front. Bond yields were close to unchanged. US 2Y and 10Y down 7bp for the week. A bit of Fed speak echoed comments from Powell. Policy remains restrictive which is the correct stance given current economic uncertainty. Bitcoin down 0.6% after another volatile week. European stocks lower.

SPI down 41 - JHX in mega-merger with AZEK. Budget looms.

End of Day Report – Friday 21 March: ASX 200 up 13, 1.8% for the week | US quadruple witching

Fri, 21 Mar 2025 16:00:00 +1100

The ASX 200 put on another 13 points to 7932 (0.2%) after a tentative start. 2% up for the week. Banks were sold with the Big Bank Basket unchanged at $238.82. CBA flat. MQG saw some profit taking, other financials also flat, GQG down 1.4% and HUB off 1.8%. REITs once again in demand, SGP up 0.8% with VCX up 2.4%. Industrials were firm but unexciting, WOW and COL rallied hard on ACCC news, CPU up 3.7% and retail doing ok again, PMV up 3.9% on an update. JBH bounced back a little too. Tech was a little soft, WTC off 0.5% with the All-Tech Index down 0.7%.

Iron ore stocks were firm despite falls in the iron ore price. BHP up 1.1% and RIO up 0.9%, maybe copper more a factor. Lithium stocks were depressed, PLS fell 5.1% and uranium squeeze continues, BOE up 6.7%. Gold miners slid on some fatigue in bullion. GOR down 3.3% and NST off 0.6%. In corporate news, PDN dropped 4% as the rains came down in Africa. CSC lifted 0.7% after announcing plans to issue $500mn worth of senior unsecured bonds and EMR crashed 3.85% on a production miss.

Nothing locally on the economic front as we head into the Budget next week. Asian markets seeing sellers win, China down 0.9%, HK off 2% and Japan back from another holiday up 0.6%. 10-year yields steady at 4.41%.

Pre-Market Report – Friday 21 March: US markets ease | Gold consolidates

Fri, 21 Mar 2025 08:00:00 +1100

The S&P 500 slipped on Thursday as uncertainty around the U.S. economy continued to weigh on equities, thwarting the market’s attempts at recovery from a month long rout.

The broad market index pulled back 0.22% to close at 5,662.89. The Nasdaq Composite slid 0.33% to end the day at 17,691.63, weighed down by losses in Apple and Alphabet. The Dow Jones Industrial Average inched down 11.31 points, or 0.03%, and closed at 41,953.32.

SPI down 17 - Gold consolidates

End of Day Report – Thursday 20 March: ASX 200 up 91 | Banks star, gold miners shine

Thu, 20 Mar 2025 16:00:00 +1100

The ASX 200 rose 91 points to 7919 (1.2%) as the Fed soothes nerves. Banks did well with the Big Bank Basket up to $238.79 (+1.9%). MQG bouncing hard, up 3.8% as a market player. Other financials also doing well, GQG up 2.8% and NWL rallying 4.6%. CGF put in a stellar day up 5.7%. REITs also rallying hard, GMG up 2.8% and SCG up 2.5% with industrials seeing bargain hunters. ALL up 2.3%, CPU up 2.2% and SGH doing better up 1.9%. Retail showing signs of life, JBH up another 3.1% with WES up 0.9% and WEB rising 3.9%. MYR struggling after the recent robo update. Tech better, WTC up 2.5% and XRO doing well as the All -Tech Index rose %. Resources out of favour today. BHP down 1.1% and FMG tumbling another 3.3%. Gold miners better as bullion held records, NST up 3.1% and GMD up 3.2% with GOR bouncing back 2.1%. Lithium stocks saw the shorts stay their hand, LTR down 4.8% and PLS off 2.5%. MIN continue to disappoint, down 2.1%. Uranium stocks finding buyers again. DYL up 5.2% and BOE up 8.4%. Have we seen the bottom here? In corporate news, NANrose 14.0% after US regulators approved its tool designed to clean endoscopes. ARU bumped 2.7% higher on an offtake deal and CWY jumped 2.0% on an acquisition. TPG also got the Vocus nod, up 5.9%. On the economic front, unemployment came in at 4.1%. Pretty much in line. Asian markets saw some profit taking. Japan down 0.3%, China off 0.4% and HK down 1.2%. 10-year yields slipped to 4.38%.

Pre-Market Report – Thursday 20 March: Market bounces after Fed meeting

Thu, 20 Mar 2025 09:00:00 +1100

Wall St had a good session overnight with all key indices up. US stocks bounced on the Fed leaving interest rates unchanged and a hint that it will still reduce rates by half a percentage point this year. NASDAQ up 1.41%. S&P 500 up 1.08%. Dow Jones up 383 points or 0.92% within a medium trading range.

End of Day Report – Wednesday 19 March: ASX 200 down 32 | BoJ keeps rates on hold, FOMC tonight

Wed, 19 Mar 2025 16:00:00 +1100

The ASX 200 fell 32 points to 7828 (0.4%) after a failed rally attempt petered out. Losses across the board with the banks under pressure again, the Big Bank Basket slipping to $234.26(-0.7%). MQG down again off 0.9% with other financials sliding lower, PNI down 5.4% and MFG off 1.8%. REITs down led by GMG off 1.6% and SCG down 1.5%. Industrials also under pressure, ALL off 1.6%, QAN falling 2.7% with tech stocks falling, WTC down 2.3% on the governance update. Utilities also gave up some recent gains, ORG down 1.9% and AGL off 2.0%. Retail was mixed, LOV down 3.3% but JBH found friends on a broker note, up 3.6%. Travel stocks dropped, WEB down 2.9% and CTD off 2.8%.

Resources fared slightly better in places, BHP unchanged, RIO off 0.7% and FMG falling 1.0%. Gold miners were mixed despite a push above $3000, EVN off 0.9% and GOR off 4.0%, falling again. SPR fell 1.4% and GMD off 1.1%. NEM up 1.0%. Lithium stocks bid higher but lost momentum, LTR up 2.1% and MIN smashed 3.9% on another accident on its haul road. Well off its lows. Uranium stocks doing well today as shorts continue to cover, DYL up 4.5% and BOE up 3.3%. In corporate news, MYR dropped 1.3% on flat sales. DDR dropped down 1.4% as David Dicker sold down his holding, CMM off 4.2% as it unwound its hedge book.

Nothing locally on the economic front, the BoJ kept rates unchanged. Fed to come. Asian markets firm but uninspiring, Japan up 0.6%, China down 0.1%, HK up 0.2%. 10-year yields steady at 4.41%.

Pre-Market Report – Wednesday 19 March: US markets slip | Tesla down over 5%

Wed, 19 Mar 2025 09:00:00 +1100

Stocks pulled back Tuesday as a sell-off that has engulfed Wall Street in recent weeks resumed after two straight winning sessions. The Dow Jones Industrial Average lost 260.32 points, or 0.62%, closing at 41,581.31. The S&P 500 shed 1.07%, ending at 5,614.66. The broad market index concluded the day 8.6% off its closing high reached in February, bringing it near correction territory. The Nasdaq Composite dropped 1.71% and settled at 17,504.12. Tesla, one of the stocks hardest hit during the market’s recent correction, was down yet again on Tuesday. The stock fell more than 5%.

SPI down 52 - Gold hits record - Splashdown.

End of Day Report – Tuesday 18 March: ASX closes up only 6 points as enthusiasm fades | NAB down 2%

Tue, 18 Mar 2025 16:00:00 +1100

ASX 200 finished up only 6 points to 7860 (0.1%) as enthusiasm waned ahead of the Fed.US futures negative again. Banks slid with NAB and MQG under pressure, the Big Bank Basket down to $235.85 (-0.1%). REITs were solid with GMG up 1.1% and GPT up 0.9%. Industrials were mixed, ALL fell 2.8% with JBH off another 2.2% but WOW rose 1.2% with TLS quietly creeping higher. QAN jumped 2.5% with tech going nowhere. The All-Tech Index flat, XRO down 0.8%. Resources too were mixed, gold hit its 12th record this year, NEM up 2.5%. GOR fell 4.9% on production downgrades, GMD up again, 2.0% with VAU finding friends too. Lithium stocks still seeing shorts cover, LTR roared up 5.1% and PLS up 1.3%. MIN added to yesterday’s gains up 1.5% with iron ore stocks down slightly. Oil and gas stocks a little better, Uranium seeing small gains, and coal dominated by good results from NHC up 8.9%. In corporate news, ASB rose 7.6% as Hanwha raided the register. Nothing on the economic front, Asian markets stronger again, Japan up 1.4%, HK up 1.8% and China up 0.2%. 10-year yields 4.39%, little changed.

Pre-Market Report – Tuesday 18 March: US markets kick higher ahead of FOMC | SPI up 53

Tue, 18 Mar 2025 09:00:00 +1100

Stocks rose on Monday, building on their comeback from a four-week rout on Wall Street exacerbated by President Donald Trump’s chaotic tariff policy rollout and falling consumer confidence.

The S&P 500 gained 0.64% to close at 5,675.12, while the Nasdaq Composite climbed 0.31% and ended at 17,808.66. The Dow Jones Industrial Average also advanced 353.44 points, or 0.85%, to end at 41,841.63. The 30-stock index was bolstered by gains in Walmart and International Business Machines. All three of the major averages posted back-to-back gains.

SPI up 53 - ASB raided by Hanwha - FOMC beckons.

End of Day Report – Monday 17 March: ASX 200 up 64, near daily high | Resources see shorts cover

Mon, 17 Mar 2025 16:00:00 +1100

The ASX 200 rose another 64 points to 7854 (0.8%) with the banks finding bargain hunters, CBA up % and ANZ rallying % as the Big Bank Basket hit $236.48 ( +1.2%). Financials were mixed, MQG up 1.3% with GQG down 0.5% and PNI rallying 3.2%. REITs were flat as GMG rose 0.3%. Industrials a mixed picture, QAN down 0.9% and WOW and COL slipping slightly, Tech mixed, WTC down 0.6% and XRO up 1.0%. Retails stocks firmed, LOV up 4.2% and PMV rising 1.3% with DMP up 3.6%. Footy has started perhaps! MYR also had a good day, up 3.3%. Resources were the stand outs, BHP up 2.4% and FMG rallying 4.2%. Lithium shorts scrambling to cover with MIN up 11.6% as UBS upgraded. PLS rallying 7.1%. LTR also doing well, roaring 6.2% ahead. Gold miners were slightly better, GMD up 1.8% and SPR rose 9.1% as RMS made its move to merge. Oil stocks formed, WDS up 1.9% and coal better too, WHC up 2.5% with uranium stocks finding a little love. In corporate news, the NAB CFO has switched banks to WBC, SMP jumped 47.1% on news TYR and another was looking at a bid. Nothing on the economic front, Asian markets pushed hard, Japan up 1.3%, HK up 1.3% and China flat. 10-year yields 4.41%.

Pre-Market Report – Monday 17 March: US markets rally | NAB CFO switches to WBC

Mon, 17 Mar 2025 09:00:00 +1100

Happy St Patrick's Day

Solid bounce on Wall St om Friday. Dow Jones up 675 points closing near the high. S&P 500 up 2.13%. Nasdaq the outperformer. Up 2.6%. Its best session since November. Boosted by both Big Tech and Big Chips. That said…there was no new macro-catalyst for the buying. Sometimes the only reason the market needs for a bounce is that things get oversold. For the week, the Dow Jones lost 1314 points, S&P 500 down 2.3% and the Nasdaq lost 2.4%. Our market fell 2%, leading the bounce in global stocks with a 0.5% rise yesterday.

Consumer sentiment and inflation expectations aligned with the Trump tariff/stagflation uncertainty narrative. Both coming in worse than expected, hitting levels not seen since November 2022. On the positive side, the Senate passed a stopgap spending bill to avoid yet another government shutdown.

SPI up 85 points. SPR/RMS to merge

End of Day Report – Friday 14 March: ASX 200 rises 41 to close down 2% for the week

Fri, 14 Mar 2025 16:00:00 +1100

A solid end to the week with the ASX 200 up 41 points to 7790 (0.5%). For the week the ASX 200 is down 2%. Resources leading the charge higher and Asian markets soaring. Banks flat with the Big Bank Basket down to $233.56 (-0.7%). Insurers gained a little QBE up 1.2% and financials generally better, GQG up 1.4% with MQG rallying 0.8%. REITs were better generally, SCG up 0.9% and GPT up 1.4%. Industrials also saw bargain hunting, WES up 0.8% with BXB up 0.8% and utilities bouncing, ORG up 1.9% and TWE up 1.9% on wine tariffs. Healthcare also back in demand, SIG rising 2.9%. Tech slightly better, TNE up 2.1%.

Resources were the stars today, iron ore miners finding some love with BHP up 1.1% and FMG up 2.7%. Gold miners celebrated record gold prices, NST up 2.8%, NEM up 5.7% and EVN up 4.6%. Lithium stocks also saw gains with PLS up 4.3% and MIN gaining 0.9%. MLX soared 22.2% as tin prices erupted as a mine in Africa closed. Even uranium stocks managed a small bounce, PDN up 2.2% and BOE up 4.5%. In corporate news, MYR announced some C-Suite changes. CYL up 5.2% after initiating production at Plutonic.

Nothing on the economic front. Asian market bouncing hard. Japan up 0.9%, HK up 2.5% and China up 1.8%. 10-year yields steady at 4.42%.

Pre-Market Report – Friday 14 March: US markets down again | Buffett looks good

Fri, 14 Mar 2025 08:00:00 +1100

Stocks fell on Thursday, with equities unable to shake a three-week market rout under the weight of new tariff threats from President Donald Trump.

The S&P 500 dropped 1.39% to settle at 5,521.52. The index ended the day in correction, 10.1% off its record close. The Dow Jones Industrial Average fell 537.36 points, or 1.3%, marking its fourth day of declines and closing at 40,813.57. The Nasdaq Composite shed 1.96% with shares of Tesla and Apple lower.

SPI down 12 - Gold hits record - Copper at Nine-month high - Iron Ore rallies

End of Day Report – Thursday 13 March: ASX 200 falls 37 | Gold and copper doing well

Thu, 13 Mar 2025 16:00:00 +1100

The ASX 200 turned turtle after a promising start and closed down 37 points at 7749. (0.5%). Market heavyweights led us lower with the banks under pressure again, the Big Bank Basket fell to $235.18. WBC off 1.5% and CBA down 0.6%. MQG dropped another 1.2% and insurers slid, SUN off 1.4%. REITS firmed, GMG finding bottom feeders up 1% and SCG rising 0.3%. Healthcare mixed, RMD continuing to fall, down 1.6% and FPH off 1.5%. Industrials fell too, WES off 0.8% and ALL down 0.7% with retail under some pressure, JBH falling 1.4%. Electricity prices are set to rise around 9% on the east coast. PMV off 2.4% and APE falling 2.5%. In resources, Macquarie downgraded coal and coal stocks, WHC down 5.8% and YAL ex div off 12.6%. Iron ore stocks slid too, BHP off 1.8% and FMG down 0.5%. Gold miners doing well today, NEM up 0.9% and NST up 2.5%. Lithium stocks also finding some friends, PLS up 1.8% and MIN moving 3% higher. Oil and gas stocks slightly firmer, uranium stocks also in the green, PDN up 1.8% and BOE up 1.8%. In corporate news, SLH fell 22,2% as the ACCC said they had some concerns on the DP World takeover. NEC appointed Matt Stanton as chief executive. Nothing on the economic front. Asian markets mixed Japan up 0.3%, HK down 0.7% and China falls 0.4%.10-year yields ease to 4.42%.

Pre-Market Report – Thursday 13 March: US markets steady, tech rallies | CPI better than expected

Thu, 13 Mar 2025 08:00:00 +1100

The Nasdaq Composite rose on Wednesday after a soft inflation report eased concerns about the economy and as investors snapped up beaten-up technology shares. The Nasdaq added 1.22% and closed at 17,648.45, while the S&P 500 gained 0.49% to end at 5,599.30. The Dow Jones Industrial Average slipped 82.55 points, or 0.2%, to settle at 41,350.93.

US CPI 0.2% below expectations SPI up 18 - Gold and oil firm.

End of Day Report – Wednesday 12 March: ASX 200 drops another 104 points | US CPI tonight

Wed, 12 Mar 2025 16:00:00 +1100

Another day, another drubbing as the ASX falls 104 points to 7786 (1.3%) with banks soggy again. The Big Bank Basket down to $236.66 (-1.7%) with NAB and WBC the worst affected. MQG dropped another 1.4% with ASX off 3.8% despite good volumes recently. GQG fell 2.4% and CGF off 1.5%. REITs also in the seller’s sights, GMG bucked the trend, up 0.5% and SGP off 1.0% with healthcare under pressure as the holy trinity of CSL, RMD and COH all lost ground. Industrials found it tough going today, TCL fell 1.9% with WES off 2.6% and BXB down 2.6% with ALL slipping 1.6%. Retail once again saw selling, JBH off 1.0% and NCK down 3.5%. Travel stocks all fell, significantly as did gaming stocks, tech slipped with WTC down 1.7% and XRO off 1.1% as the All-Tech Index dropped 1.1%. Resources were again a mixed bag; gold miners rallied but somewhat muted, RMS fell 8.7% on a disappointing mine plan, EVN rose 0.8% and NEM was up 1.5%. BHP and RIO all fell 1.8% with FMG finding some friends up 1.5%. Lithium remains depressed and uranium stocks mixed. PDN up 2.7% and DYL up 3.2%. Oil and gas stocks eased back. In corporate news, IPH fell 10.0% as the CFO quit. Nothing on the economic front with US CPI due tonight. Asian markets eased slightly and 10-year yields rose to 4.43%. US Futures slightly positive.

Pre-Market Report – Wednesday 12 March: US markets fall again | Volatility continues

Wed, 12 Mar 2025 08:00:00 +1100

US stocks closed lower on Tuesday after a volatile session, extending their losses from Monday.

The S&P 500 slipped 0.76%, closing at 5,572.07. The Dow Jones Industrial Average tumbled 478.23 points, or 1.14%, finishing at 41,433.48. The Nasdaq Composite slipped 0.18% and ended at 17,436.10.

ASX SPI fell 75 - Gold rallies - Tariffs hit Australia - Commodity prices rally slightly.

End of Day Report – Tuesday 11 March: ASX 200 bounces off lows | Gold miners under pressure

Tue, 11 Mar 2025 16:00:00 +1100

The ASX dropped hard and bounced a little closing down 72 points at 7890 (0.9%) after touching 7818. Banks were the turnaround story with the Big Bank Basket down to $240.73 (0.2%). MQG suffered as US investment banks have sunk. Other financials were also sold down hard, GQG off 3.2% and XYZ falling 6.3% with insurers slipping lower as government warns on Alfred issues. REITs fell back to earth, DGT dropped 7.4% on a broker downgrade, as HMC fell 9.7% too, SCG off 0.9%. Industrials slipped across the board, QAN fell 8.9% with it ex-dividend too, SGH down 3.2% and CPU falling 3.6%. Retail under pressure, JBH down 2.5% and TPW sliding 3.7%. Travel stocks took their cue from Delta Airlines, CTD off 0.5% and FLT falling 3.6%. Tech was also on the nose for obvious reasons, WTC down only 1.9% after bouncing hard off the lows, XRO saw no real bounce with the All-Tech Index down 4.0%. Resources was an interesting space. BHP and RIO both rallied hard, gold miners fell hard despite bullion prices picking back up. NST fell 1.9% and NEM dropped 2.6%. Lithium stocks under pressure as usual, oil and gas stocks better, WDS up 1.2% and uranium remains under a toxic cloud. In corporate news, NIC saw a large block trade causing a drop of 19.9% combined with possible tax changes. ASB in a trading halt as it seeks $200m at 380c together with a founder partial sell down. PNV lost its CEO and more value, GYG fell 2.2% on details of recently released escrow stock. In economic news, consumer confidence rose in March. In Asia, Japan down 1.3%, HK off 0.8% and CSI China off 0.6%. 10-year yields 4.36%.

Pre Market Report – Tuesday 11 March: US markets tumble on recession fears | SPI down 70

Tue, 11 Mar 2025 08:00:00 +1100

The S&P 500 shed 2.7%, touching its lowest level since September at one point and closing at 5,614.56. The tech-heavy Nasdaq Composite saw the sharpest decline of the major averages, falling 4% for its worst session since September 2022 and closing at 17,468.32. The Dow Jones Industrial Average dropped 890.01 points, or 2.08%, ending at 41,911.71. The S&P 500 is off 8.7% from its all-time high reached Feb. 19, and the Nasdaq is off nearly 14% from its recent high. A 10% decline is considered a correction on Wall Street.

SPI down 70 - Gold eases - Bitcoin falls - Yields ease.

End of Day Report – Monday 10 March: ASX 200 up 14 in quiet trade | SGR rescue plan

Mon, 10 Mar 2025 16:00:00 +1100

A quiet muted start to the week with the ASX rising a modest 16 points to 7964 (0.2%) as US futures pointed to another tricky US session ahead. Banks were flat with the Big Bank Basket easing to $241.33 (-0.3%). MQG down another 0.4% with insurers looking better as Cyclone Alfred was downgraded. REITS improved led by GMG up 0.6% with some bottom fishing taking place. Industrials a mixed bag too, QAN off 1.7% and ALL down 0.5% with retail steady, APE rose 3.3% with JBH up 0.8%. Some buying in BXB and CPU with TLS off 1.0%. Tech stocks mixed, WTC off 1.1% and XRO up 0.6% with the All-Tech Index up 0.1%. Resource stocks were generally firmer, BHP rallied 0.6% with RIO doing very well up 3.1% as the capital raise looks to have been put on ice. FMG still struggling. Gold miners still in demand, NEM up 0.6% and VAU up 3.7%. MIN had a good day up 3.3% with PLS rallying too. Oil and gas stocks also finding friends, WDS up 1.9% and BPT up 4.1%. Uranium still toxic, BOE down 3.9% and NXG off 1.4%. In corporate news, GQG were off 0.9% on FUM, JLG fell 12.5% on index changes due on March 25th. SGR looks to have had a last-minute rescue attempt from Bally although it remains in a trading halt. Nothing on the economic front. Asian markets mixed, China down 0.9% and HK off 2.1% with Japan up 0.3%.10-year yields at 4.44%.

Pre Market Report – Monday 10 March: US markets rally | SGR in focus

Mon, 10 Mar 2025 09:00:00 +1100

Wall St managed a small bounce overnight. Positive Broadcom results boosting sentiment. S&P 500 rose 0.55%, closing near the high. Dow Jones up 223 points and the Nasdaq outperformed. Up 0.7%. Volatility remained high. The VIX index down 6% but finished up 20% for the week. The main events were Powell giving a mixed speech on the economy, non-farm payrolls coming in a touch below estimates and Trump hosting a crypto summit at the white house. Weekly moves for the Dow Jones, S&P 500 and Nasdaq were -1039 points, -3.1% and -3.45%.

SPI up 69 - US Futures opening 135 points weaker - SGR deals in Media

End of Day Report – Friday 7 March: Worst day in six months | ASX down 146 points

Fri, 07 Mar 2025 17:00:00 +1100

Pre-Market Report – Friday 7 March: US markets tumble again on tariff confusion | IFL bid increased to 500c

Fri, 07 Mar 2025 09:00:00 +1100

The Dow Jones Industrial Average slid 427.51 points lower, or 0.99%, to 42,579.08, after falling more than 600 points at session lows. The S&P 500 tumbled 1.78% to 5,738.52. The Nasdaq Composite dropped 2.61% to 18,069.26, officially closing in correction territory, which is when an index falls 10% from a recent high.

SPI down 79 - Gold and oil steady - IFL gets 500c bids.

End of Day Report – Thursday 6 March: ASX 200 falls 46 points | Plenty of stocks ex-div weighing

Thu, 06 Mar 2025 16:00:00 +1100

The ASX 200 continued to struggle down 46 points at 8095 (0.6%) as stocks going ex -dividend weighed. Banks eased yet again with CBA off 1.8% and WBC down 0.9% as the Big Bank Basket fell to $248.82 (-1.1%). MQG off another 0.4% as one broker downgraded. Insurers also in the eye of the cyclone, SUN down 1.0% and QBE dropping 1.3%. REITs eased back, GMG down 0.2% and SCG off 0.9%. Industrials also lost ground, WES fell 1.6% with WOW and COL slipping, QAN down 2.0% from heady highs and TLS slid 1.0%. REA was a positive today up 4.3%. Tech mixed again, WTC up 4.7%. In resources, RIO Ex dividend knocked 2.2% off, BHP down 0.8% after it went Ex, gold miners better, NEM up 1.4% and EVN up 2.7% on copper exposure too. SFR ran 4.8% on its copper exposure, MIN bounced 2.6% and WAF jumped 11.9% on production upgrades. Oil and gas stocks on the nose as crude hits 3-year lows, WDS down 4.7% (XD) and STO off 1.9%. Uranium stocks feeling slightly perkier, BOE up 1.3% and PDN up 1.1% on some broker upgrades. On the corporate front, AMC dropped1.6 % on plans to reorganise it business. AUD has had its best week since 2023. LTM now delisted. SGR looks to HK for a bail out as Brisbane casino set to be sold. On the economic front, Building approvals rose 6.3%. Asian markets remain firm, Alibaba helping Japan up 0.9%, HK up 2.6% and China up 1.3%. 10-year yields back up to 4.48%.

Pre-Market Report – Thursday 6 March: US markets rally on tariff reprieve | Oil falls again, gold steady

Thu, 06 Mar 2025 08:00:00 +1100

Stocks rose on Wednesday, staging a recovery rally after back-to-back losses as investors hoped that an exemption for automakers to President Donald Trump’s controversial tariffs opened the floodgates for more concessions.

The Dow Jones Industrial Average rebounded by 485.60 points, or 1.14%, to finish at 43,006.59, regaining ground after plunging more than 1,300 points over the last two sessions. The S&P 500 added 1.12% to 5,842.63, while the Nasdaq Composite climbed 1.46% to 18,552.73. Stocks took a leg up after the White House said it granted a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement.

SPI up 17 - Gold steady - Oil falls again

End of Day Report – Wednesday 5 March: ASX 200 down 57 points | Trump addresses Congress

Wed, 05 Mar 2025 16:00:00 +1100

The ASX 200 dropped another 57 points to 8141 (-0.7%) partially ignoring a decent rally in US futures as Trump gave his State of the Union address. China now targeting 5% GDP growth in a separate proclamation. Banks dragged us down with the Big Bank Basket down to $251.84 (-1.0%). CBA down 0.9% and MQG off 1.3% with XYZ continuing to stumble down another 4.1%. REITs slipped lower, VCX down 0.5% and GPT off 0.9%. Healthcare also down, RMD falling 2.3% and TLX off 1.2%. Industrials under pressure across the board with ex dividends not helping. WES dropped 0.8% with WOW and COL sliding on ex-dividend as did TWE off 5.6%. Retail eased back, PMV off 2.4% and JBH down 1.8% with GYG up 2.1% on a broker upgrade. Tech stocks mixed, WTC up 1.2% and XRO down 0.7%. The All-Tech Index off 0.4%. Resources were mixed, iron ore stocks seeing some buying, BHP up 0.2% and RIO up 0.2%. MIN still under pressure on debt and governance issues, down 1.9%. Gold miners were positive, WAF up 6.5% and EVN up 1.4%. Energy stocks still falling, WDS down 1.5% and STO falling 1.6%. Uranium stocks finding some support. In corporate news, Virgin gets approval for Qatar investment. WTC said it expects to appoint new directors very soon. MIN saw a downgrade by Fitch and SUN and IAG clarified Alfred impacts. In economic news, we saw a better than expected 0.6% rise in GDP. Asian markets were steady on Chinese stimulus talk, Japan up 0.7%, HK up 1.7% and China up 0.3%. 10-year yields 4.35%.

Pre-Market Report – Wednesday 5 March: US markets volatile | Dow loses 1300 points in two days

Wed, 05 Mar 2025 08:00:00 +1100

The Dow Jones Industrial Average tumbled for a second day as President Donald Trump’s tariffs left investors fearful of potential shockwaves for the economy.

The blue-chip average dropped 670.25 points, or 1.55%, building on Monday’s plunge of nearly 650 points. The Dow ended the session at 42,520.99. The S&P 500 dropped 1.22% and closed at 5,778.15 after notching its worst day of the year in the prior session. The Nasdaq Composite lost 0.35% and finished at 18,285.16.

ASX SPI down 79 - State of the Union Beckons - Gold up - Oil down

End of Day Report – Tuesday 4 March: ASX 200 closes off lows, down 48 | Banks steady, tariffs in focus

Tue, 04 Mar 2025 16:00:00 +1100

The ASX 200 fell another 48 points today to 8198(0.6%). Trump’s tariff chaos continues with Mexico and Canadian levies due to take effect in days. Canada has already fired back, losses were tempered as banks found a footing. CBA rose 0.4% with WBC up 0.2% and the Big Bank Basket at $254.30 (). Financials were weaker, MQG down 1.2% and insurers down heavily as Alfred comes to QLD. QBE down 2.0% and SUN down 2.0%. REITs were weaker, GMG off another 0.9% with DXS bucking the trend up 1.6%. Healthcare weaker though CSL up 1.0% in defensive buying. Industrials fell across the board. Some love found for rate sensitive stocks, QAN rose 2.1% on oil price falls. Retail pushed lower, LOV down 3.5% and TPW off 5.3% with WEB falling 4.4% and GYG dropping another 4.4%. Tech dropped with the index down 0.8% Resources could have been worse. Iron ore stocks found some buying, BHP down 0.3% with RIO similar, FMG fell 3.4% with PLS down 3.8% and MIN off 10.2%. Gold miners firm but unspectacular, NEM down 0.9% and EVN up 1.6%. Energy stocks suffering big falls, WDS off 3.1% and STO down 4.7% with uranium stocks still toxic. In corporate news, IFL fell 5.6% as it declined to make an early debt repayment, HCW dropped 7.8% as Healthscope failed to pay some rental invoices. In economic news, RBA minutes showed RBA in no hurry to cut rates and retail sales rose by 0.3% in January. Steady as she goes. Asian markets weaker but 10-year yields continuing to fall to 4.27%.

Pre-Market Report – Tuesday 4 March: US markets fall on tariffs | Oil tumbles

Tue, 04 Mar 2025 09:00:00 +1100

The S&P 500 retreated on Monday, extending February’s rout and turning red for the year after President Donald Trump’s confirmation of forthcoming tariffs.

The broad index fell 1.76% to end at 5,849.72, marking its worst day since December and bringing its year-to-date performance to a loss of about 0.5%. The Dow Jones Industrial Average

dropped 649.67 points, or 1.48%, to finish at 43,191.24. The Nasdaq Composite slid 2.64% to close at 18,350.19, weighed down by Nvidia’s decline of more than 8%.

SPI down 71 - Gold up - Oil down - Crypto Down

End of Day Report – Monday 3 March: ASX has a strong relief bounce

Mon, 03 Mar 2025 17:00:00 +1100

The ASX 200 has started the week on a positive note. Up 73 points or 0.9%. A solid relief rally and only its third positive finish in the last eleven sessions. Better than futures (+48) were predicting after a solid US lead. A morning fade was quickly forgotten as the market rallied into the close, driven by pretty much everything except defensives and the banks.

Pre-Market Report – Monday 3 March: Wall St up in choppy trade | Trump and Zelensky clash

Mon, 03 Mar 2025 08:00:00 +1100

End of Day Report – Friday 28 February: ASX gets hit hard, down 96 points

Fri, 28 Feb 2025 17:00:00 +1100

The ASX has finished the day down 96 points (-1.2%) for the week down 1.5%. Worse than futures were predicting (-69 points) as the poor US lead translated to a risk-off session here. All major sectors finished in the red save for Telecoms thanks to good results from TPG and TLS’ defensive nature.

Pre-Market Report – Friday 28 February: AI rally fizzles, Nvidia sinks | ASX set to drop

Fri, 28 Feb 2025 09:00:00 +1100

Wall St closed down overnight. Nvidia’s (-8.5%) numbers and outlook failed to reignite the AI rally. Stock now off 17% from its record-high close on January 6. S&P down 1.59%. Nasdaq down 2.78%. The Dow Jones closed down 194bp or 0.45%.

ASX to drop. SPI futures down 69 points (-0.8%)

Nvidia’s fall infected the wider chip sector. The DeepSeek concerns also resurfaced. Broadcom (-7.1%), ASML (-6.6%) and Micron (-6%) to name a few all dropped. Big tech wasn’t any better and utilities also struggled (all participants of the AI trade). Energy and Consumer non-cyclicals were the best performers. Crude oil prices jumped following Trump’s revocation of Chevron’s license to operate in Venezuela.

End of Day Report – Thursday 27 February: ASX 200 up 28 | Resource rally, results in focus

Thu, 27 Feb 2025 16:00:00 +1100

ASX 200 pushed 28 points higher to 8268 (0.3%) as results nearly finished. Banks were flat with ANZ up 0.5% and WBC up 0.4% with the Big Bank Basket at $253.25 (). Health insurers raced away on results and increases from April 1. REITs not doing much, GMG down 0.2% as it released the SPP details. Industrials mainly firmer, WTC still suffering down 2.6% with COL reporting and rallying 3.5%. QAN results and special dividend cheered up 5.6% and retail slightly firmer, LOV up 0.5% and PMV up 0.9%. BAP had a solid reaction day up 5.3% and APE shot the lights out, up 19.9% on better-than-expected numbers. IEL crashed 7.6% on worse than expected results. In resources, iron ore stocks found some friends, BHP up 0.8% and FMG up 1.7%. Gold miners pushed higher again, aided by a lower AUD, NEM back up 1.9% with EVN up 1.5%. Lithium and rare earths slightly firmer, PLS up 0.5% and LYC up 0.6%. Energy stocks saw some bargain hunting, STO up 1.2% and KAR posting better than expected numbers up 4.7%. Uranium stocks showed a glimmer of light, NXG up 4.5%. In corporate news, PME fell 3.7% on a 4m share block trade from the founder. NEU jumped 8.9% on better Daybue numbers. RHC jumped 6.8% after it appointed Goldmans to potentially sell its 52.8% in the European business. Nothing on the economic front. Asian markets drifted lower, Japan up 0.4%, HK off 1.1% and China down 0.4%. 10-year yield at 4.34%

Pre-Market Report – Thursday 27 February: US markets mixed on tariff confusion | Nvidia results

Thu, 27 Feb 2025 08:00:00 +1100

The S&P 500 eked out a gain on Wednesday, snapping a four-day run of losses.

The broad market index advanced 0.01% to close at 5,956.06. The Dow Jones Industrial Average dropped 188.04 points, or 0.43%, to end at 43,433.12. The 30-stock average was earlier up as much as 245.34 points, or about 0.6%. Meanwhile, the tech-heavy Nasdaq Composite rose 0.26% and ended at 19,075.26.

Tariff confusion reigns in US. Nvidia beats forecasts up 2% after hours so far.

SPI down 10 - QAN COL and MPL Results. Gold steady - Bitcoin tanks.

End of Day Report – Wednesday 26 February: ASX 200 falls 11 points as banks rally | WTC gets a new chair

Wed, 26 Feb 2025 16:00:00 +1100

The ASX 200 finished down around 11 points at 8241(0.1%) with CPI coming in as expected. Once again results were the focus, banks found buyers with the Big Bank Basket up to $253.05 (+1.1%) with CBA leading the way up 1.3%. MQG rose 0.6% and insurers flat. REITs were weaker, GMG falling 1.6% and SCG off 3.3% on results. Industrials mixed again, WTC rose 2.1% as White became Chair and results showed no further surprises, the All-Tech Index still fell 1.3% with TLS under pressure off 1.9% and QAN down 2.3%. Retail stocks mixed, JBH off 0.6% with LOV finding friends in all the right places up 5.7%. Travel stocks arrived jet lagged as FLT touched down 10.2% and CTD fell 3.6%. DMP hit another 3.7% with LNW better by 7.8% on results. Resources were back in the doghouse as iron ore fell, FMG dropped 6.2% as it went ex-div, BHP off 1.5% and RIO down 3.4%. Gold miners ran out of luck, NST down 2.8% and EVN off 1.7%. NEM off just 2.0%. LYC fell 1.7% after results showed the effects of low REE prices. Uranium stocks showed more fall out with PDN results bringing no joy and coal down too. WDS gained 3.4% after broker comments. STO going nowhere. In corporate news, WOW fell 3.0% after cutting its dividend, PBH had an abundance of bid interest around the 106c level, up 32.5%. BAP rose 13.4% and WOR up 10.3% on results whereas APX crashed 33.3% on disappointment. PTM also suffering as results were nasty, off 20.0%. KLS was another casualty today, maybe just a flesh would, but down 15.2%. In economic news, the CPI came in as expected and hardly moved the dial. Asian markets mixed, Japan down 0.8% and HK up 2.8% with China up 0.6%. 10-year yields at 4.37%.

Pre-Market Report – Wednesday 26 February: US markets under pressure | Results deluge, WTC in focus

Wed, 26 Feb 2025 09:00:00 +1100

The S&P 500 fell for a fourth consecutive session on Tuesday as traders weighed concerns around economic growth and global trade.

The broad market index slipped 0.47%, closing at 5,955.25. The Nasdaq Composite dropped 1.35% to end the day at 19,026.39. Nvidia’s 2.8% fall led the tech-heavy index’s decline, and the Nasdaq this week slipped into negative territory for the year. The Dow Jones Industrial Average was an outlier, advancing 159.95 points, or 0.37%, to close at 43,621.16.

SPI Down 25 - WOW cuts dividend - WTC Results

End of Day Report – Tuesday 25 February: ASX 200 drops 56 | Some very bad reactions today

Tue, 25 Feb 2025 16:00:00 +1100

The ASX gave up another 56 points to 8252 (0.7%). Results and a negative US lead dominated. Some real shockers today, JLG, DMP and VEA in the frame. Banks and sellers return with CBA down 1.3% and NAB falling 1.4% as the Big Bank Basket fell to $250.25 (-1.1%). MQG slipped 1.0% and PNI retreated 3.3%. Insurers firmed and REITs did better after the sell off yesterday. GMG failed to inspire again though down another 1.4%. Industrials weakened, WES fell 3.4% with ALL off 2.8% and retail suffering again. JBH down 0.5% with DMP falling 10.5% on results and store closure costs. LOV dropped % on broker downgrades, GYG continued to fall, and WTC remained under pressure ahead of results tomorrow, off 2.8%. Tech generally eased with the All-Tech Index down 1.4%. Resources were weak too, BHP, RIO and FMG under pressure, MIN fell 4.6% and PRN rallied 8.6% on a rethink. gold miners found some buyers, NEM bucked that trend down 2.8%. WDS rose 2.8% on better-than-expected results, VEA collapsed 26.7% on challenging condition in the convenience space, uranium stocks were punished again today. In corporate news, JLG fell 33.4% as it revised down guidance on lack of natural disasters.ZIP rose 13.9% on better results, HLI up 17.2% too on better numbers. QOR rose 4.3% on results and DRO fell 8.6% as numbers underwhelmed. In economic news, nothing locally, South Korea cut rates by 25bps. Asian markets fell, HK down 0.6%, China off 0.1% and Japan off 0.3%. 10-year yields slipped to 4.39%.

Pre-Market Report – Tuesday 25 February: US markets sag on tariff concerns | Results continue

Tue, 25 Feb 2025 09:00:00 +1100

The S&P 500 slid Monday as the market failed to bounce back from Friday's steep sell-off.

The broad market index lost 0.5%, closing at 5,983.25. The Nasdaq Composite fell 1.21%, ending the session at 19,286.92. The

Dow Jones Industrial Average eked out a narrow gain of 33.19 points, or 0.08%, to close at 43,461.21.

SPI down 64 - Results continue. DMP, ZIP, CZR takeover offer from FEX.

Tuesday’s reporting season schedule includes Domino’s Pizza, Nine Entertainment, Platinum Asset Management, G8 Education and Woodside Energy.

End of Day Report – Monday 24 February: ASX turns it around as banks rally hard | WTC and results in focus

Mon, 24 Feb 2025 16:00:00 +1100

The ASX 200 closed up 12 points at 8308 (0.1%) in a good recovery from early 70-plus point losses. Banks were the turnaround story as buyers went shopping. ANZ and NAB leading the sector higher with the Big Bank Basket at $252.96 (2.5%). Macquarie gained 1.5% as insurers also saw a positive turnaround. NHF dropped good numbers and rose 12.5%. PPT knocked back the Barbarians at the Gate falling 2.3% with XYZ falling 12.9% on disappointing numbers. REITs slipped again as GMG fell 4.1% and VCX down 4.4%. Industrials were mixed, ALL bounced 2.9% with WOW and COL better on defensive buying., Utilities also did well with APA rising 7.7% on numbers. Tech was hit hard as news of WTC directors resigning en masse saw losses of 20.1% in WTC and XRO slipped 1.2% with the All-Tech Index dropping 3.2%. Resources succumbed to gravity after holding up well last week, BHP, RIO and FMG all lost ground. Gold miners eased back, NEM fell 2.8% and NST off 2.1% with lithium plays falling but off lows. PLS down 3.4% and MIN off 0.7%. Oil and gas remained neglected and uranium stocks fell on profit taking. In corporate news, plenty of results, IRE fell 14.5% as guidance came in below forecasts, PRN, REH also under pressure on disappointing results. GYG fell 7.0% as brokers downgraded, XYZ hit hard falling 12.9% as crypto lost ground and LOV felt no love at all down 3.8%. Nothing on the economic front today. Asian markets mixed, Japan on a holiday, China and HK taking a break with HK off 0.6% and China unchanged. 10-year yields steady at 4.44%

Pre-Market Report – Monday 24 February: US markets turn nervous | Results continue

Mon, 24 Feb 2025 09:00:00 +1100

Wall St fell heavily overnight, it’s worst session in nearly a month. Dow Jones down 749 points, closing near the low. S&P 500 down 1.71% and the Nasdaq worst. Off 2.2%. S&P 500 and Nasdaq down 1.66% and 2.51% for the week. Consumer spending concerns grew and traders focused on tariff fears after Composite PMI numbers fell to the lowest level in over a year.

SPI down 64 - Results Continue

Gold dropped a touch on profit taking but still managed a 1.9% weekly gain. Global gold stocks had a worse session. Sentiment potentially impacted by NEM (-5.7%) falling on results. The more tariff uncertainty, the better bullion will perform.
Oil took a tumble. WTI down 3% after rising for most of the week. Blamed on Ukraine peace deals and reduced Middle-East risk.
Copper gained on both the LME and CME. The copper market’s deficit fell from 124,000T in November to 22,000T in December.

End of Day Report – Friday 21 February: ASX 200 down 26 points | Banks drop, Results dominate

Fri, 21 Feb 2025 16:00:00 +1100

The ASX 200 fell another 27 points to 8296 (-0.3%) after an early rise, hitting a one- month low. Banks once again led us down, CBA dropping 2.6% and ANZ off 1.4% with the Big Bank Basket at $246.63 (-1.8%). MQG dropped 1.5% and ASX down 3.3% with QBE doing well on results and rose 3.0%. GMG put on another 1.0% and REITs were slightly mixed. Industrials suffered, WES down 1.9% and ALL continuing to slide down 1.2%. Retail still struggling, JBH off 0.4% and LOV down 2.8%. GYG dropped 14.3% on slower US growth. Apparently, they already have Mexican food there. LNW down 2,6% and JIN fell 8.8% on lack of big payouts. Tech fell, XRO down 1.3% with the All-Tech Index off 1.7%. Resources were generally better, iron ore miners rose on Chinese steel demand, BHP up 2.8% and RIO up 2.8%. PLS gave back some gains, MIN copped a rare upgrade from Barrenjoey, up 5.0% and gold miners were mixed. NEM rose then fell 2.4%, GMD bounced back 4.1% and SPR up 2.8%. DYL bounced back 5.1% with the sector becalmed. WDS and STO flat. YAL delivered good results and rose 3.0%. Om corporate news, The Americans are coming. CoStar bid for DHG and Cosette bid for MYX. SPK fell 19.2% on a guidance downgrade. AX1 rose 1.4% despite slashing dividends. TLX delivered yet again and EOL soared 29.7% on great numbers. In economic news, Japan’s inflation rate climbed to 4% up from 3.6% in December. Asian markets pushed higher again on Alibaba results, HK up 2.9%, China up 1.2%. 10-year yields steady at 4.51% Michelle Bullock’s comments in focus.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Pre-Market Report – Friday 21 February: US markets fall on Walmart | DHG bid from US

Fri, 21 Feb 2025 09:00:00 +1100

Stocks retreated on Thursday following two days of all-time highs for the S&P 500 as investors dumped some popular names in the wake of a lacklustre forecast from retail giant Walmart that prompted questions about the outlook of the economy.

The Dow Jones Industrial Average lost 450.94 points, or 1.01%, to end at 44,176.65. The S&P 500 shed 0.43% and closed at 6,117.52, and the Nasdaq Composite dipped 0.47% and closed at 19,962.36.

SPI up 16 - QBE - GOR - DHG Bid - TLX

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

End of Day Report – Thursday 20 February: ASX 200 drops 96 | Banks fall, GMG back and down 5%

Thu, 20 Feb 2025 16:00:00 +1100

Another nasty day as the ASX 200 fell 96 points to 8323 (1.2%) as results and bank falls dominated. WBC fell another % and ANZ joined in too falling 3.1% with the Big Bank Basket down to $251.27 (-2.4%). MQG dropped 1.0% with financial sunder a little pressure. REITs fell as GMG returned to trade down 5.0% after the $4bn capital raise. Industrials were mixed, ALL dropped 4.3% despite a new buy back, WES rose 1.3% on good results, TLS also did well, up 5.6% after announcing a buy back. Retail stocks suffered, JBH down 4.2% and BRG falling 3.0%. CTD continued the positive vibes from the results up 4.7%. UNI did very well on results up 9.7%. In healthcare, PME dropped 3.7% and CSL down 2.3%. Resources suffered as RIO cut its dividend, falling 1.5% and BHP fell 2.0% as FMG were savaged on results, down 6.2%. Lithium stock surprisingly rose after PLS results, up 6.0% and oil and gas stocks rose, WDS up 1.0% and STO rising 2.1%. Coal stocks gained 8.9% on WHC results. Uranium stocks were mildly lower. In corporate news, MAF rose 8.7% on good numbers, WTC in a trading halt on governance issues. MP1 had stellar gains on beating expectations. Casualties included, SUL, MFG, and MGH. On the economic front, jobs data came in as expected at 4.1% unemployment and record participation. Asian markets fell, Japan under pressure on proposed car tariffs. Down 1.5%, HK off 1.4% and China down 0.4%. 10-year yields steady at 4.53%.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Pre-Market Report – Thursday 20 February: US flat again | Biggest day of ASX reporting upon us

Thu, 20 Feb 2025 09:00:00 +1100

Wall Street notched fresh record highs despite Fed minutes reaffirming a patient stance on rate cuts. The S&P 500 climbed 0.24%, the NASDAQ advanced 0.07%, and the Dow added 71 points (+0.16%). Up 80 points at best. Down 244 points at worst. The Fed’s January meeting minutes showed officials remain cautious, citing inflation risks and uncertainty around the impact of Trump’s trade policies.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

End of Day Report – Wednesday 19 February: ASX 200 down 62 | NAB crashes 8.1%, MIN off over 20%

Wed, 19 Feb 2025 16:00:00 +1100

The ASX took another beating down 62 points to 8419 (-0.7%) as NAB cratered 8.1% and the Big Bank Basket came undone, down to $257.57 (-2.8%). MQG held up well considering, other financials came under some pressure, GQG off 3.2% and HMC down 3.9%. REITs were weighed down by the giant $4bn capital raise from GMG to fund its data centre push. DXS off 2.3%, and SGP fell 3.7% on results. Industrials were mainly weaker, WES off 1.8%, WOW and COL eased, retail fell, JBH down 2.3%, and SUL 2.9% cheaper. Travel stocks did well after CTD cheered the sector, up 10.3%. WEB up 4.4%, and FLT up 3.4%. LNW powered 9.6% ahead on an acquisition and ALL joined in the fun up 1.0%. Tech better, with CPU up 1.4% and WTC off 1.4% and the All-Tech Index gained 0.7%. Resources were patchy again, BHP flat and FMG down 0.6% on legal issues, gold miners rose, NEM up 0.5% and NST up 2.1%. Lithium stocks on the nose, MIN crashed 20.7% as it cancelled the dividend and announced a big loss. Energy stocks sold down again, WDS off 2.0% and STO falling 4.5% on results. On the corporate front, NAB the biggest disappointment on margin compression and rising impairments. CBA was ex-dividend today, NGI rose 15.5% on results, and SXE jumped 14.2% after very positive results. VNT also out today marched 7% ahead. Nothing on the economic front. Asian markets eased, Japan down 0.3% and HK off 0.2%, with China up 0.6%. 10-year yields at 4.52%.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Pre-Market Report – Wednesday 19 February: US markets resume the rally | NAB results, GMG capital raise

Wed, 19 Feb 2025 09:00:00 +1100

The S&P 500 closed at a record high Tuesday after stocks rallied seconds before the closing bell, as investors shook off headwinds on the global trade and inflation fronts.

The broad market index gained 0.24% to a record close of 6,129.58, after touching an intraday record of 6,129.63 before the final bell. The Nasdaq Composite

closed up 0.07% at 20,041.26, while the Dow Jones Industrial Average added 10 points, or 0.02%, to finish the session at 44,556.34.

SPI down 2 - NAB Q1 update - GMG launches $4bn capital raise.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

End of Day Report – Tuesday 18 February: ASX 200 falls 56 | RBA cuts, yields rise, banks stumble

Tue, 18 Feb 2025 16:00:00 +1100

ASX 200 fell another 56 points to 8480 (0.7%) despite the RBA cutting rates as expected. Banks falling again today, WBC off 3.0% after broker downgrades. CBA off 1.4% and NAB also hit hard with the Big Bank Basket at $265.03 (-1.8%). Financials were mixed, CGF fell 9.0% on disappointing numbers, HUB rose 3.7% on better-than-expected results. HMC had a cracker on its numbers up 9.9% with MQG falling 0.9%. Insurers found a few friends. REITs slipped as bond yields remained at 4.45%. GMG rose 2.1%. Industrials eased back, retailers suffering a little with JBH down 3.5% and WES off 1.4%. Supermarkets slipped slightly, travel stocks fell, and healthcare falling with SIG down 5.5%. CSL bucked the trend and gained 2.1%. Resources were mixed, BHP results didn’t do much either way, RIO off 0.2% and lithium stocks fell hard, MIN off 6.1% and PLS falling 5.4%. Gold miners eased but relatively stable, NEM up 0.5% and GOR up 0.4% with NST down 1.9%. Energy stocks on the nose, WDS falling 1.5% on concerns on dividends, WHC fell 5.0% and uranium stocks off again, PDN down 4.0%. In corporate news, SEK stabilised after lifting its dividend, DRR fell 2.6% after net profit slipped, AZJ rose 0.6% on plans to consider breaking up the business. On the economic front, RBA was the go and no surprise. No reaction either! Asian markets improved, Japan up 0.7% and HK ripping higher again, up 2% and China up 0.4%. 10-year yields at 4.50%.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Pre-Market Report – Tuesday 18 February: Europe hits highs on defence stocks | BHP results and RBA today

Tue, 18 Feb 2025 09:00:00 +1100

US Markets closed - Europe hits highs as defence companies soar

SPI up 21 - BHP results - SEK - CGF - HUB

European stocks mark record closing high as defence stocks soar.
Euro zone yields up, traders cut bets on ECB rate cuts on defence spending concerns.
China's Xi holds rare meet with business leaders amid US tech rivalry.
Europe talks up more defence spending as Ukraine peacekeeper plan divides.
German voters demand change as Europe's biggest economy stalls.

COMMODITIES

OPEC+ is not considering delay to April oil supply hike, Novak says.
Oil rises as drone strikes Caspian pump station, while Russia-Ukraine peace talks loom.
Drone strike hits Chevron, Exxon oil exports via Russia.
US decision to block Nippon Steel-U.S. Steel deal was 'unjust political interference', Ishiba says.
Copper falls as short covering fades.
Iron ore slides as cyclone-led supply fears ease in Australia.
Gold gains on softer dollar, Trump tariff threats.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

End of Day Report – Monday 17 February: ASX 200 drops 19 points | WBC results, BEN falls hard

Mon, 17 Feb 2025 16:00:00 +1100

ASX 200 fell 19 points to 8537 well off the lows for the day. Results dominated as the Banking sector had two to contend with WBC underwhelmed falling 4.1%, and BEN crashed 15.3% on higher costs and lower margins. The Big Bank Basket fell to $269.95 (-0.9%). Financials were missed with MQG up 0.7% and GQG putting on another 3.3% but insurers slipped on Dutton’s comments and IAG downgrades. SUN down 7.2%. REITs are in demand on rate cut hopes, GMG down 1.1% but SGP up 3.2% and GPT up 4.5% on better-than-expected rates. Industrials mixed, AD8 smashed the bears on a decent outlook, rising 26.5%, tech fell as WTC back on the front page again. The All-Tech Index up 0.2%. Utilities firmed with ORG up 2.7% and retail mixed, JBH up 0.3%, and PMV off 0.9%. Resources were very mixed, gold miners saw profit takers move in following bullion falls, GMD down 3.3% and NEM off 2.8%. Iron ore stocks eased, FMG down 0.6% with energy under pressure, WDS off 2.9% on reserve statement and dividend concerns, STO down 0.9%. Uranium did better than expected, NXG off 4.2% though. In corporate news, WBC disappointed, BEN really disappointed. A2M +19.7% saw good traction in China, BSL rose 13.0% on a positive outlook statement and SGR rose 12.5% on an offer from Oaktree to refinance $650m of debt. Nothing on the economic front. Japanese GDP was better than expected. Asian markets slightly better, Japan up 0.1%, China up 0.1% and HK up 0.2%. 10-year yields rose to 4.45%.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Pre-Market Report – Monday 17 February: US markets mixed | WBC Q1 results

Mon, 17 Feb 2025 09:00:00 +1100

Wall St closed mixed overnight. Financials, Tech and Energy stocks doing well while the rest of the market fell. Dow Jones down 165 points, up 243 for the week. S&P 500 flat, up 1.47% for the week. Nasdaq outperformed thanks to Nvidia (+2.6%). Up 0.41% and finishing the week 2.59% higher. Meta (+1.1%) set it’s 20th straight gain. +26% YTD. We’re glad it’s in FANG. No major news stories resulted in a narrow trading range. Trump’s reciprocal tariff plans still being analysed. He did announce auto tariffs will come on April 2 (no details yet). Focus is on a) delays to their implementation and b) how well other countries can negotiate. Optimism on that front and expectations the next PCE inflation reading will be lower, outweighed a slump in Retail Sales. A January reading of -0.9% (-0.1% expected) was the biggest drop in nearly two years as consumers reigned in spending. Factory output slightly missed expectations.

SPI down 52 - WBC Results _ US markets Closed tonight for President's Day

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

End of Day Report – Friday 14 February: ASX 200 up 16 points | COH crashes, AMP drops

Fri, 14 Feb 2025 16:00:00 +1100

ASX 200 rallied 16 points to 8556(0.2%) after stalling at record highs. For the week the index is up 45 points. RBA next week. Once again results dominated after a strong lead from US markets. Banks flat with the Big Bank Basket at $272.43 (-0.5%). CBA lost 0.8% and MQG eased 0.3%. AMP results saw a big rerating downwards, off 14.9% and GQG rose another 3.0% on FUM and results. ASX saw some upgrades and rose 1.0%. Insurers bounced back a little with IAG finding some support rising 0.1%. REITs mixed, GMG down 1.8%, the remainder better. Industrials were firm again, JBH up 0.6% with WES up 0.8% and ALL up 0.7%. SGH continued 2.4% higher with CPU flat. TWE bounced 3.0% after broker comments on results. Tech slightly better, WTC up 0.5% and the All- Tech Index up 0.9%. Resources mixed, iron ore miners opened very firm on cyclone news, but iron ore failed to kick in Asian trade. Lithium back in the canine club. MIN down 4.9% and PLS off 0.9%. Gold miners were again in demand, NEM up another 1.6% with GMD up 2.5%. BSL continued to push higher up 1.6%. Energy stocks listless. In corporate news, COH results were at the bottom end of expectations and we saw another downgrade, down 13.7%. MGR jumped 5.5% on results, WGX doubled half year revenue and rose 2.4% with URW down 4.4% on earnings. Nothing on the economic front today. RBA the focus. Asian markets mixed again, HK continuing to power ahead up 2.2%. Japan down 0.6% and China up 0.7%.

Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.

Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.

Pre-Market Report – Friday 14 February: Valentines Day | The stock market loves Trump

Fri, 14 Feb 2025 09:00:00 +1100

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 13 February: ASX 200 up 5 as results dominate | IAG shocker, PME eases

Thu, 13 Feb 2025 16:00:00 +1100

ASX 200 rallied 5 points as banks lost momentum. CBA up 0.5%, the Big Bank Basket closed at $273.85 (+0.3%). Insurers slumped led lower by IAG on disappointing numbers, losing 12.6%, SUN also off 4.6% with SDF falling 3.1%. Other financials were ok, MQG up 0.3% and GQG up 0.9%. ASX had a good results driven by volume increases on futures and options. REITs slipped, SCG off 3.0% and industrials mixed. Utilities fell as ORG was underwhelming down 1.2% and QAN dropped 2.0% on a broker downgrade. JBH fell 1.1% with LOV up 1.7% and TPW doing very well on positive results. Up 13.0%. ALL and LNW both pushed higher. TLS fell 1.0% despite plans to offload its data-centre business. Resources were the go-to today. Iron ore stocks in demand, BHP up 2.1% and FMG up 1.8% with good numbers from S32. MIN rallied 7.0% on governance news, PLS up 4.7% and LTR better by 9.2% on a presentation. Gold miners in demand again, NEM up 3.2% and NST up 0.2% with EVN seeing some profit taking down 0.6%. BSL continuing to rally on tariff news. Energy stocks fell as oil dropped on Ukraine's peace plan. In corporate news, SIG rose 6.1% kicking off as Chemist Warehouse with several block trades done as some exited. TWE fell 5.7% on no deal on its cheaper brands. DHG ran 7.0% on news of a new CEO from REA. PME also failed to live up to some expectations falling 3.2% on results. Nothing on the economic front, Asian markets firm, HK continues to charge up 1.9%, China flat but Japan up 1.4%. 10-year yields up to 4.48%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 13 February: US markets mixed on hot CPI | Super Thursday - TWE, IAG, S32, NST

Thu, 13 Feb 2025 09:00:00 +1100

US equity markets experienced mixed performances following the release of hotter-than-expected inflation data. The Consumer Price Index (CPI) for January increased by 0.5% month-over-month and 3% year-over-year, surpassing market expectations. This development has led to speculation that the Federal Reserve may maintain elevated interest rates throughout the year.

The S&P 500 declined by 0.3%, closing at 6,066.89. The Dow Jones Industrial Average fell 0.5%, ending the session at 44,503.06. In contrast, the Nasdaq Composite remained relatively flat, closing just above its 50-day moving average.

Treasury yields saw a significant uptick, with the benchmark 10-year yield experiencing its largest one-day rise since December 18, 2024. This surge in yields added pressure to the equity markets.

In corporate news, CVS Health reported better-than-expected fourth-quarter earnings, leading to a notable increase in its stock price. Conversely, companies in the homebuilding and housing retail sectors faced challenges due to persistently high mortgage rates.

Overall, the unexpected rise in inflation has heightened concerns about the Federal Reserve's monetary policy trajectory, contributing to the day's mixed market performance.

SPI up 4 - Results deluge. Barrick up 6% plus on numbers. NEM up 2.9% - TWE, IAG, S32 results.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 12 February: ASX 200 up 51 points | CBA delivers, BVS and CPU shine

Wed, 12 Feb 2025 16:00:00 +1100

ASX 200 rallied 51 points to a new record of 8535 (+0.6%) after a slow start dominated by results. CBA set the tone and gained 2.5%, with other banks following in its wake, the Big Bank Basket up to $272.97 (+2.0%). MQG found some love from brokers, up 1.7%, and SUN delivered a special dividend up 1.3%. GQG continued higher by 1.7% with MFG going down 2.7%. BVS knocked the lights out with its results up 18.6%, and CPU also doing well on upgrades to guidance, up 15.5%. REITs mixed but uneventful despite yields pushing higher, CQE continued to gather fans up 2.9% after the good result yesterday. Industrials firmed, supermarkets were better, WOW and COL doing ok. SGH continued to grind higher on broker upgrades, up another 2.8%, and REA rose 1.5%. Healthcare seems to be struggling with US concerns on cutbacks, with PME down 1.2% and TLX off 1.0%. CSL stumbling around but trying hard to find fans, In resources, the Three Amigos were mixed, FMG up and RIO down. Gold miners took a breath, NEM down 2.5% ahead of Barrick results tonight, EVN delivered on promise and rose 1.1%. Lithium miners still squirming, MIN off 2.4% and PLS up 0.5%. Oil and gas stocks were slightly firmer as STO upgraded its reserves, uranium slipping slightly and coal not such a merry old soul, WHC off 2.7%. In corporate news, AGL rose 0.2% on better numbers, and AOV fell 7.1% on less than GUD results. On the economic front, lending indicators today. Asian markets a little mixed, with Japan off 0.1%, China unchanged and HK up 1.6%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 12 February: US markets mixed, Powell in no hurry | CBA results

Wed, 12 Feb 2025 09:00:00 +1100

The S&P 500 posted a narrow gain on Tuesday as investors digested cautious commentary from Federal Reserve Chair Jerome Powell on interest rates. Concerns remain over the direction of the economy amid U.S. tariffs and the possible escalation of a global trade war.

The S&P 500 added 0.03% to end at 6,068.50, while the Nasdaq Composite lost 0.36% to close at 19,643.86. The Dow Jones Industrial Average gained 123.24 points, or 0.28%, to 44,593.65.

SPI up 2. CBA slight beat to expectations. SUN special dividend. EVN postive result.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 11 February: ASX 200 closes up 1 point as CSL drops hard | Gold hits more records

Tue, 11 Feb 2025 16:00:00 +1100

ASX 200 gave back early gains to close up 1 points at 8484 as falls in CSL post results, took its toll. CSL down after analyst briefing and US flu shots underwhelming. Banks held firm although CBA down % ahead of numbers tomorrow. WBC up % and ANZ up % with the Big Bank Basket at $267.86 (-0.2%). MQG reported 9-month numbers. Nothing much to get excited about but it tried to rally up 1.6% with other financials doing well. HUB up 1.4% and NWL up 2.7%. Insurers too better, SUN up 0.6%. REITs firmed with results from CQE up 8.5%. Industrials also in demand, ALL up another 1.7% with JBH up 2.0% on broker comments. SGH rose 6.1% on Boral lift, REA continue to push higher, with WTC under pressure still as the All-Tech Index rose 0.9%. Resources were mixed. Lithium nixed by the reopening of low-grade production in China, PLS off 3.6% and MIN down 6.9%. Gold miners were better with bullion at records still. NST up 4.0% and NEM up 3.2% with iron ore stocks drifting mainly lower. Energy stocks mixed, uranium stocks relatively firm. In corporate news, BRG lost 2.2% on results. RHC was 1.4% better despite a $305m hit to the balance sheet. On the economic front, The Westpac-Melbourne Institute Consumer Sentiment Index rose just 0.1% in February to 92.2, up from 92.1 in January. Asian markets flat with China down 0.3% and HK off 0.2%. Japan closed. Another holiday. 10-year yields steady at 4.39%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 11 February: US markets rise | Gold hits record highs

Tue, 11 Feb 2025 09:00:00 +1100

The Dow Jones Industrial Average added 167.01 points, or 0.38%, led by a 4.8% gain in McDonald's. The 30-stock index closed at 44,470.41. The S&P 500 gained 0.67% to end at 6,066.44, and the Nasdaq Composite climbed 0.98% to 19,714.27. The market remains jittery on a mix of inflation worry coupled with concern over how Trump's plan for tariffs could adversely affect the U.S. economy.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 10 February: ASX 200 drops 29 | CAR, ANN, and JBH in focus

Mon, 10 Feb 2025 16:00:00 +1100

ASX 200 falls 29 points to 8483(0.3%). Banks steady as she goes ahead of CBA results later this week. MQG fell 0.9% and PNI sliding 4.2% with GQG up 3.1% on FUM numbers. REITs mixed as GMG fell 0.9% and SCG rose 1.1%. Healthcare better, RMD up 0.6% and PME up 0.5% with CSL bucking the trend down %. Industrials flat as retail came under some pressure on JBH results, reversing early gains after conference call. LOV down 2.2% and NCK falling 3.7% despite brokers positive. Travel stocks better, WEB up 0.8% and LNW doing well up 7.9%. DMP steady after the big run Friday. Tech stocks dominated by front page headlines for WTC again, the All-Tech Index down 1.0% with WTC off 4.4%. In resources, iron ore stocks fell, FMG off 1.5% and RIO fell 1.2% on proposed tariffs in the US on aluminum. Gold miners held up, NEM up 0.7% and EVN up 0.3%. LYC continued higher up 1.9% with PLS down slightly on an earnings update. BSL rose 1.8% on Trump steel tariffs. Energy stocks mixed, STO up 0.4% with BPT firming 4.0%. In corporate news, ANN rose 8.1% on better-than-expected numbers, CAR crashed 6.5% on some disappointment on growth and US price rises and JBH down on rethink. SGR rallied 13.6% on news of proposals for its Queen Street Wharf complex in Brisbane. Citi upgraded its gold price forecast to US$2900 this year. In Asian markets, Japan unchanged, HK up 1.4% and China unchanged. 10-year yields at 4.39%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 10 February: Results season kicks off | CAR, JBH, ANN, PLS

Mon, 10 Feb 2025 08:00:00 +1100

US stocks tumbled overnight, with the Dow (-444pts), S&P 500 (-0.95%), and NASDAQ (-1.37%) after Trump announced plans to introduce reciprocal tariffs reigniting fears of a global trade war. Trump did not specify which countries would be targeted, but markets worried about the potential inflationary effects of new tariffs. On the economic front, the US consumer sentiment index dropped to 67.8, marking a second straight month of declines, while one-year inflation expectations jumped to 4.3%. Non-farm payrolls showed 143K jobs were added, below expectations, though the unemployment rate ticked down to 4%. Wage growth accelerated to 0.5%, reinforcing speculation that the Federal Reserve will hold off on rate cuts for longer. US treasury yields rose on jobs data. 2Y yield up 7.1bps and 10Y yield up 4.8bps. USD Index rose 0.35%, and Bitcoin lost 0.94%.

Donald Trump said on Sunday that he will be announcing on Monday 25% tariffs on all steel and aluminum imports into the US.

SPI down 64 - JBH, CAR, ANN results out.

COMMODITIES

Chile's Codelco targets 2025 copper output jump to 1.39m tons, document shows.
Copper production from Chile rose nearly 5% last year.
Trump considering allowing Nippon Steel's deal for US Steel, CBS reports.
Oil set for third straight weekly decline amid tariff concerns.
Gold poised for sixth week of gains on safe-haven demand.
Copper prices hit three-month high, on track for biggest weekly gain since September.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 7 February: ASX 200 falls 9 points in quiet trade | DMP rises 21%

Fri, 07 Feb 2025 16:00:00 +1100

A quiet cautious session as the ASX 200 gave back 9 points to 8411. Down 21 points for the week after a torrid start. Banks were solid ahead of CBA results next week. The Big Bank Basket rose to $268.42 +0.2%) MQG slipped slightly with GQG down 1.3% with insurers steady. REITs better on lower 10-year yields, GMG up 0.6% and CHC up 0.5%. Industrials were mixed, and REA kicked 2.8% on broker upgrades. WES slid 1.1% with retail firm, PMV up 1.2% and SUL up 2.6%. Travel stocks also in demand, WEB up 2.6% and CTD rising 3.3%. DMP rose 21.3% like a cheesy crust as store closures were announced in Japan. Finally. Healthcare on the nose as RMD continues to stagger around after quarterly, down another 2.6%. CSL off 1.1% and PME falling 1.5%. Resources were generally weaker, though iron ore miners rose, BHP up 0.6% and FMG up 1.9%. Gold miners saw some profit taking, NST down 2.4% and WGX off 2.0%. Rare earths LYC up 6.1% on Chinese fears, and lithium stocks walloped as CATL rumoured to be reopening a lepidolite mine. PLS down 4.3% and LTR off 4.4%. Energy stocks fell, STO down 0.9% and WHC down 3.9% with uranium under pressure. In corporate news, MMS fell 10.4% on a broker downgrade, and NCK rose 10.5% on better-than-expected results. SIG guided up and rose 3.2%. Nothing locally on the economic front. Asian markets mixed, Japan down 0.6% and HK up 1.5% and China up 1.7%. 10-year yields slightly higher at 4.36%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 7 February: Another quiet night | Path of least resistance is higher

Fri, 07 Feb 2025 09:00:00 +1100

Wall Street closed mixed overnight, with the S&P 500 and NASDAQ up 0.36% and 0.51%, supported by upbeat earnings reports. The Dow lost 126 points (-0.28%). Up 93 points at best. Down 328 points at worst. Small caps lower too, Russell 2000 off 0.39% and the VIX eased a further 3.34%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 6 February: ASX up 104, close to record high | NWS rallies on results

Thu, 06 Feb 2025 16:00:00 +1100

The ASX 200 continues to march ever higher gaining 104 points to 8521 with a cooee of the record close. Banks led, everything else follows. CBA is up %, and ANZ is playing some catch-up football is up %, with the Big Bank Basket up to a new record of $267.97 (2.5%). MQG bounced 0.9% but still some question marks given the banks green and clean push in recent years. Insurers gained, QBE up 0.7% and SUN up 1.6%. GQG continue to push higher up 3.6% and MFG up 2.0% on FUM news. REITs pushed up, GMG up 1.5% and VCX up 0.9% as yields fell. 10-year yields falling to 4.30%. Healthcare mixed, CSL bounced 0.9% with RMD still finding it tough going. Industrials firmed, WES up 3.2% on a broker upgrade with Bunnings the driver. ALL up 1.6% with BXB up 2.1% and REA gaining 1.2% despite the CEO announcing his retirement. NWS results cheered, up 5.8%. Retail mildly positive, MYR fell 5.6% as the in-specie distribution came to pass. In resources, iron ore majors were slightly firmer, gold miners striong as bullion hit new records, NEM up 2.1% ahead of results. WGX bouncing 3.7% with SPR doing well up 4.3%. Some firmness in the lithium market, but energy stocks under a little pressure. STO down 0.6%. Uranium stocks weaker along with coal. In corporate news, NWS released good results, PEXA disappointed with an update, BPT fell 5.0% on a tightening of guidance. In economic news, the seasonally adjusted balance on goods decreased $1,707bn in December. Asian markets better. 10-year yield down to 4.32%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 6 February: US markets kick higher | Gold hits record

Thu, 06 Feb 2025 09:00:00 +1100

US stocks rose overnight, brushing off underwhelming earnings from Alphabet. The S&P 500 rose 0.39%, with about 350 companies in the index ending in the green. The NASDAQ edged 0.20% higher, buoyed by gains in Nvidia (+5.4%), helping offset Alphabet's 7.3% tumble after the company posted downbeat cloud revenue growth. The Dow Jones ended near session highs, up 317 points (+0.71%). Up 331 points at best. Down 203 points at worst. Small caps outperformed its peers, with the Russell 2000 advancing 1.11% and the VIX, also known as Wall Streets fear gauge, eased 5.48%. US treasuries fell to multi-week lows, pressured by weak services data and uncertainty surrounding the prospect of trade wars. The 10Y yield dropped to its lowest level since mid-December, down 8.8bps, and the 2Y yield dropped 2.9bps.

SPI up 59 - REA CEO Retires- NWS Results - Gold hits Record

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 5 February: ASX 200 rises 43 points | Resources rally, gold hits records

Wed, 05 Feb 2025 16:00:00 +1100

The ASX 200 finished up 43 points at 8417 (0.5%). Resources were the stars today, BHP up 1.5% with FMG rallying another 2.0% and even lithium stocks better, MIN up 1.8% and PLS up 1.8%. Gold miners took a little while to warm up, but NEM ended up 1.2% and DEG up 2.5% with WGX bouncing back 3.4%. Uranium stocks glowing again, PDN up 2.8% and DYL up 1.9% with oil and gas stocks better too. Coal stocks got a boost from tariffs on US coal perhaps. Banks were solid but uninspiring, The Big Bank Basket rose to $261.41 (0.5%). MQG got walloped down 3.6% with XYZ down too, perhaps on Paypal numbers. GQG continue to push higher, up 1.5%. IFL got yet another bid, this time from Brookfield at 460c. Insurers eased and REITs pushed up on falling bond yields. GMG up 0.6% and SCG up 1.1%. Industrials firmed across the board. WES up 0.3% with ALL finding support up % and SGH doing well. REA had a good day up % and CAR rose 2.0%. Tech better, WTC up 1.9% and XRO up 1.6% with the All-Tech Index up 1.2%. In corporate news, AMC results better than expectations and the stock rose 2.9%. PNI hit record highs on results, BWP rose too on higher profits and dividends. In economic news, the government has sold $15 billion of Treasury bonds maturing in March 2036 in a heavily oversubscribed deal. Asian markets a little mixed as China returns from New Year.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 5 February: US markets rally, China reopens | Google down 6% on results

Wed, 05 Feb 2025 08:00:00 +1100

The Nasdaq Composite and S&P 500 moved higher on Tuesday due to a strong gain in Palantir , as Wall Street sought stable footing following the latest developments on the global trade front.

The tech-heavy index jumped 1.35% to 19,654.02, while the S&P 500 rose 0.72% to 6,037.88. The Dow Jones Industrial Average climbed 134.13 points, or 0.3%, to 44,556.04.

The Chinese government slapped tariffs of up to 15% on U.S. imports of coal and liquefied natural gas and 10% higher duties on crude oil, farm equipment and selected cars, effective Feb. 10.

SPI up 53 - Alphabet falls 6% after hours. AMD down 5% - AMC Results - Gold hits records.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 4 February: ASX 200 gives up gains | Banks slip, gold better

Tue, 04 Feb 2025 16:00:00 +1100

The ASX 200 finishes down 5 at 8374 (0.1%) as nerves and some investor apathy kicked in. China imposing a 15% tariff on US Coal and LNG hurting sentiment late. After a strong start banks faded with the Big Bank Basket closed modestly lower at $260.06(-0.25%). CBA down 0.3% with WBC down 0.2%. MQG kicked 0.4% higher and other financials improved, GQG up 2.4% and XYZ bouncing 1.0% on Bitcoin and tech sentiment. Insurers mixed, QBE down 0.2% and SUN down. REITs slid a little, GMG down 1.2% and SGP off 1.6% with 10-year yields higher at 4.41%. Industrials drifted lower, BXB off 1.6% with ALL down 1.3% and WOW and COL easing. Tech better with WTC up 3.6% and the All-Tech Index up 1.3%. Resources were generally firm, iron ore stocks gained, RIO bouncing 1.6% on Canadian news. Gold miners were in demand, NEM up 0.9% with GMD rallying 2.5% and EVN up 1.6%. LYC slipped back 3.8% and lithium stocks bounced slightly, PLS up 2.7% and MIN up 2.4%. Oil and gas stocks drifted down, uranium stocks mixed, PDN up 1.3%. In corporate news, SEK pulled out of XF1 bid after vote failed to get up, PDI rallied 13.2% on a strategic placement and PME up again on a $53m order. On the economic front, consumer confidence came in better than expected at a near 3-year high.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 4 February: US markets off lows as Canada and Mexico given a reprieve

Tue, 04 Feb 2025 09:00:00 +1100

The Dow Jones Industrial Average on Monday staged a major comeback, recovering steep losses from earlier in the session after President Donald Trump said tariffs against Mexico would be paused for one month.

The Dow ended the day down 122.75 points, or 0.28%, to close at 44,421.91. At its lows of the day, the Dow was down 665.6 points, or 1.5%. The S&P 500 slid 0.76% to 5,994.57, and the Nasdaq Composite slumped 1.2% to 19,391.96.

Canada and Mexico given 30-day reprieve. ASX SPI up 76. AMC Results - Xref deal falls over.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 3 February: ASX 200 falls 153 points | CTT tumbles

Mon, 03 Feb 2025 16:00:00 +1100

ASX 200 kicks off February with a Trump Tariff induced loss of 153 points to 8379 (-1.8%). No sign of any rally as US futures point to further loses. Across the board falls with the Big Bank Basket down to $260.71 (-1.6%). CBA off 1.5% with MQG falling 1.6% and insurers weaker, QBE down 2.3% and SUN off 3.2%. REITs also under pressure, GMG off 1.6% and SCG down 1.6%. Healthcare eased with FPH warning on falling margins, RMD down 3.1% on its quarterly update. CSL down 1.8%. Industrials also eased back, WES down 1.9% and ALL falling 2.0% after a great run. REA off 2.2% and tech sank, WTC down 2.9% and US faced 360 dropping 5.1%. HSN rose 2.2% on a trading update, the All-Tech Index down 2.1%. Retail slid, JBH down 0.3% but SUL worse falling 2.2% and CTT off 19.0% on US concerns. In resources, iron ore miners on the nose, FMG down 4.4% and RIO off 2.1% on aluminium issues. Gold miners were firm relatively, oil and gas were flat despite rising crude prices. Uranium found some sellers. In corporate news, MFG sell-off continues following the recent management changes; RSG CEO resigned with the stock falling 9.6% on the news. WGX fell 12.4% on a production update and FPH warned on Mexican implications. In economic news, retail trade came in with a 0.1% fall, better than expected. Asian markets are still playing second fiddle to New Year holidays. Japan off 2.85% with car makers getting smacked on tariff news. HK down 1.1%. 10-year yields 4.38%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 3 February: US markets fall on tariffs | RSG CEO steps down

Mon, 03 Feb 2025 09:00:00 +1100

Wall Street closed out the week lower after the White House confirmed tariff plans on Mexico, Canada, and China. The Dow Jones trimmed 337 points (-0.75%). Up 172 points at best. Down 375 points at worst. The S&P 500 lost 0.50%, and the NASDAQ fell 0.28%. For the week, Dow +0.27%, S&P 500 -1.0%, and NASDAQ -1.64%. For January, Dow +4.70%, S&P 500 +2.70%, and NASDAQ +1.64%. In economics December core PCE rose 0.2% MonM and 2.8% YonY, both in line with expectations, while personal spending rose 0.7%, beating forecasts of 0.5%. In Fed Speak, Bowman and Goolsbee, emphasized patience in adjusting policy, with markets pricing in less than a 20% chance of a March rate cut and expecting the first cut in June and ~50 bp of total easing in 2024. US treasuries were stable, while the USD Index kicked 0.69% higher.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 31 January: ASX back to record highs | Nasdaq Futures up 0.5%

Fri, 31 Jan 2025 16:00:00 +1100

The ASX has finished the day up 39 points or 0.45%. Up 1.8% for the week. This close matches the all-time high achieved back in December. The day’s gains were driven primarily by a rally in mining, real estate and technology stocks.

Technology was the biggest gainer, continuing the DeepSeek scare recovery and following Nasdaq futures higher.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 31 January: US markets higher again | Apple results

Fri, 31 Jan 2025 09:00:00 +1100

The Dow Jones Industrial Average popped 168.61 points, or 0.38%, closing at 44,882.13. At its session highs, it had added nearly 300 points. The S&P 500 rose 0.53% to 6,071.17, while the Nasdaq Composite gained 0.25% to end at 19,681.75.

Stocks cut gains late in the session after President Donald Trump announced his intention to implement 25% tariffs on goods imported from Canada and Mexico.
Apple results miss on iPhone sales in China.
US GDP growth came in at just 2.3%, missing expectations slightly.

ASX SPI up 36 - Gold jumps

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 30 January: ASX 200 up 47, hits intraday record | ZIP comes undone

Thu, 30 Jan 2025 16:00:00 +1100

The ASX 200 up 47to 8494 (0.6%). Record intra day, but unable to hold. Banks led the charge as always, CBA up 1.0% with the Big Bank Basket up to $264.96 (0.8%). MQG rallied 1.4% with insurers also in demand, XYZ up 2.8% and REITs firm on rate cut hopes. GMG bouncing 0.8% and SCG up 0.8%. Healthcare was stronger, CSL perked up and have been doing well recently. PME up 1.2% and OPT up another 1.0%. Industrials also in the green, WES up 0.7% with ALL up another 3.7% and REA gaining 0.9%. Tech stocks were mildly positive with the All-Tech Index up 0.6% and WTC gaining 0.9% despite AFR headlines. Resources were a mixed bag. Iron ore doing well as BHP rose 0.9% and FMG up 0.3%. Lithium stocks stalled, PLS down 1.3% despite positive broker comments. Gold miners squeezed higher, quarterlies in focus. GMD up 1.3% and NEM up 0.1%. Uranium stocks fought back again with BOE up 4.7% and PDN doing well. Oil better, WDS up 0.7% and KAR with its production and a buyback up 7.7%. In corporate news, ZIP came undone on quarterly numbers, down 25.4%, CCP dropped 12.6% on results and MIN fell 0.9% as debt blew out to over $5bn. MFG fell 8.3% as Gerald Stack stepped aside and IGO fell 1.8% after reporting an earnings loss. In economic news, nothing locally except economists falling into line on rate cuts in February. Asian market affected by Lunar New Year. Japan open and up 0.3%. 10-year yields 4.38%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 30 January: US markets slip | Fed keeps rates on hold

Thu, 30 Jan 2025 09:00:00 +1100

The S&P 500 slid on Wednesday after the Federal Reserve left interest rates unchanged in its first policy decision of the year, while Nvidia slipped following a strong session. The broad market index fell 0.47% to close at 6,039.31, while the Nasdaq Composite lost 0.51% to end at 19,632.32. The Dow Jones Industrial Average shed 136.83 points, or 0.31%, to 44,713.52.

The Fed left the federal funds rate in a range of 4.25% to 4.50%. The Fed’s postmeeting statement offered a more cautious view toward sticky inflation, providing investors with an explanation behind Wednesday’s interest rate pause.

Big tech earnings after hours.

Tesla reported disappointing results on the top and bottom lines.
Meta beats on revenue, provides soft guidance.
Microsoft’s results for the fiscal second quarter exceeded Wall Street consensus. Its shares dropped after the company issued its earnings report, which showed Azure cloud growth slowed from the previous quarter.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 29 January: ASX closes up 48 points | CPI better than expectations

Wed, 29 Jan 2025 16:00:00 +1100

The ASX 200 faded slightly to close up 48 points at 8447, almost at an all-time high as US markets rebounded and CPI came in better than expected opening the door to a February rate cut. Banks led the charge early before fading slightly, the Big Bank Basket closed off at $262.75 (-0.1%). MQG rose 0.7% and insurers did better with QBE up 0.7%. Financial services continue to push ahead GQG up 3.5% and ASX bouncing back 2.9%. REITS better, GMG bouncing a little, SCG up 1.1% on rate hopes. Healthcare too in demand as CSL put on 1.8% with negativity on RFK Jnr helping sentiment. Industrials firmed across the board, WES up 1.2% and BXB up 0.6% with TLS up 0.8% and ORG bouncing back 1.6%. Retail firmed on CPI data. JBH up 1.9% and PMV went ex-bonus shares today and rose 4.7%. Tech in demand on Nasdaq rally, WTC up 2.6% and XRO up 2.5% with the All-Tech Index up 1.4%. Resources were generally firm, BHP and RIO the exceptions, gold miners doing well as quarterlies continue to drop and show cash piles, lithium bounced a little as PLS rose 3.5% on its quarterly. Despite uranium slipping below $70, stocks rallied hard after the rout yesterday. BOE quarterly helped its Honeymoon period up 5.6% and DYL up 6.9%. Oil and gas modestly higher. Asian markets better with China closed for Lunar New Year. HK up 0.1% and Japan up 0.8%. 10-year yields eased to 4.37%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 29 January: US markets bounce | Nvidia up nearly 9%

Wed, 29 Jan 2025 09:00:00 +1100

The S&P 500 advanced 0.92% to 6,067.70, with technology shares seeing the biggest gains among sectors. The Nasdaq Composite surged 2.03% to 19,733.59, following a 3.1% decline a day ago. The Dow Jones Industrial Average added 136.77 points, or 0.31%, to 44,850.35.

Nvidia bounces 8.8%

ASX 200 SPI up 36 - CPI today - Quarterlies

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 28 January: ASX 200 drops 10 points | Energy and data centre stocks hit hard

Tue, 28 Jan 2025 16:00:00 +1100

ASX 200 fell 10 points to 8399 as DeepSeek weighed on energy and data centres. Banks kicked higher again with CBA up % and NAB up % with the Big Bank Basket up to $263.02 (0.7%). Financials were generally weaker, MQG down 1.5% on its data centre exposure and ASX falling 5.1% with IFT off 4.4%. REITS mixed with data centre fave GMG down 8.2% and SGP up 2.0%. Industrials mixed too, Retail better, WES up 1.1% and ALL rallying 4.2% with tech under a little pressure, XRO up 1.7% and WTC down 0.5% with the All-tech Index down 0.7%. Utilities eased on energy forecasts falling, TLS rallied 0.8%. Resources too were mixed, gold miners eased back, NEM down 0.7% and NST falling 2.2% with EVN down 0.2%. BHP and RIO were up around 0.4% with lithium sliding. Uranium stocks got walloped on DeepSeek news, DYL down 15.5% and PDN off 9.4%. Energy stocks generally were lower. In corporate news, GOR down on its quarterly, TLX pushed up again on completing its latest US acquisition. NXL tumbled 20.2% on profit guidance. Nothing on the economic front locally. In Asia, Lunar New Year beckons, Japan down 1.2%, HK up 0.1% and China down 0.4%. 10-year yields back to 4.42%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 28 January: US markets hit with AI nerves | Nvidia falls 17%

Tue, 28 Jan 2025 09:00:00 +1100

The S&P 500 and Nasdaq Composite were down sharply Monday on concern about an artificial intelligence stock bubble popping because of the emergence of Chinese startup DeepSeek, which has possibly made a competitive AI model for a fraction of the billions Silicon Valley is spending. The Nasdaq Composite lost 3.07%, falling to 19,341.83, and the S&P 500 slid 1.46% to 6,012.28. The Dow Jones Industrial Average added 289.33 points, or 0.65%, to close at 44,713.58. Gains in Apple, Johnson & Johnson and Travelers helped lift the 30-stock index.

SPI up 14 - Newmont (NEM) sells Canada gold mine for US$675m - Fed Meeting this week.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 24 January: ASX 200 up 30, resources attempt a rally | BoJ raises rates

Fri, 24 Jan 2025 16:00:00 +1100

ASX 200 up another 30 points to 8409 (0.4%). Plenty of green across the board, even resources improved in places. BHP up 0.5%, RIO up 0.3% and FMG rallying 1.0%. Gold miners eased back, EVN down 1.8% and NST off 0.6%. WGX dropped 4.8% on quarterly feedback. Lithium stocks firmed slightly, IGO confirmed the closure of its TLEA refinery, up 0.8% and LTR rallied 1.5%. Uranium stocks eased back, PDN dropped 2.2% with WDS and STO both easier on lower crude prices. Banks were firm, yet again. The Big Bank Basket rose to $261.25 (+0.4%). Financials were firm, GQG up 1.0% and AMP pushing further ahead up 5.0%. Insurers mixed. REITs firmed, SCG up 0.6% and GPT up 1.4%. Industrials stronger, led by WES up 3.2% on a broker upgrade, ALL bounced back 1.9% and healthcare firmed. PME up 0.7% and COH up 1.1%. Retail firmed with PMV soaring 6.6% and MYR up 2.6%. In corporate news, MND raised guidance, SNL profits rose 32% and KGN dropped 15.2% on issues with Mighty Ape. 4DX had a positive reaction to a deal with Qscan Radiology, and SM1 saw cream rise on very positive H2 guidance. Nothing locally on the economic front, Japan raised rates 25bps as widely expected after Core CPI rose to 3%. Asian market followed US markets higher with Japan up 0.3%, HK up 1.8% and China up 1.0%. 10-year yields steady at 4.47%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 24 January: US hits record | Trump wants lower oil and rates

Fri, 24 Jan 2025 09:00:00 +1100

The S&P 500 rallied to record highs on Thursday after President Donald Trump called for lower interest rates and cheaper oil prices. The broad market index added 0.53%, notching an all-time intraday high for the second straight session. The benchmark finished the day at 6,118.71, surpassing its prior all-time closing high of 6,090.27 recorded in early December. The Dow Jones Industrial Average advanced 408.34 points, or 0.92%, to 44,565.07, while the Nasdaq Composite rose 0.22% to 20,053.68. Thursday marked the fourth straight winning session for all three major indexes.

HEADLINES

S&P 500 touches all-time high with focus on Trump comments, earnings.
ASX to rise, Wall St hovers near highs, oil eases – SPI up 29
Trump tells Davos he will demand lower interest rates, oil prices.
Trump says he wants to meet Putin soon to ensure end of Ukraine war.
US labor market stays on solid footing early in the year.
BOJ likely to raise rates to highest in 17 years, signal more hikes.
UK's Reeves promises changes in March if needed to meet budget rules.
Putin growing concerned by Russia's economy, as Trump mulls more sanctions.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 23 January: ASX 200 down 51 | Banks steady, miners fall

Thu, 23 Jan 2025 16:00:00 +1100

The ASX 200 took a tumble today down 51 points to 8379 (0.6%) as resources came under pressure on Trump tariffs fears. Asian markets were resilient and iron ore unchanged in Singapore, but miners still sold off. BHP down 1.7% with FMG off 2.2% on quarterly numbers, lithium also under pressure too with PLS down 3.7% and MIN off 3.3%. Gold miners eased and uranium stocks help relatively firm. Banks held steady with the Big Bank Basket at $260.17. Financials slipped slightly, ASX off 1.2% with insurers mixed. QBE up 1.0% and IAG down 0.5%. Industrials saw modest broad-based losses, retail slid, JBH down 2.2% and WES off 1.5%. Both WOW and COL fell and ALL dropped 2.7% with tech mixed, XRO up 1.1% and WTC off 0.4%. In corporate news, PMV and MYR voted yes to the deal. FMG had production numbers in line, PPS jumped on FUA numbers and EVN dropped 3.9% on broker research. Nothing on the economic front locally, BoJ tomorrow widely expected to raise rates. Asian markets firm Japan up 0.8%, HK up 0.2% and China up 0.6%. 10-year yields rising to 4.47%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 23 January: US markets push higher on AI and Stargate | Gold up

Thu, 23 Jan 2025 09:00:00 +1100

Stocks climbed on Wednesday, with the S&P 500 hitting a fresh all-time high, as Oracle and Nvidia rallied on artificial intelligence optimism and President Donald Trump’s new term in office.

The S&P 500 advanced 0.61% after hitting an intraday record of 6,100.81, exceeding the last milestone touched in December before the market pullback. The broad index closed at 6,086.37, slightly below its all-time closing high.

The Nasdaq Composite popped 1.28% to 20,009.34, underscoring the outperformance of tech names. The Dow Jones Industrial Average rose 130.92 points, or 0.3%, to 44,156.73, boosted by Procter & Gamble’s gain of nearly 2% on the back of strong earnings.

SPI down 35 - OFL gets another bid - Gold up - Oil down - PMV and MYR vote today.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 22 January: Trump Day 2.0

Wed, 22 Jan 2025 17:00:00 +1100

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 22 January: US markets push higher | Apple falls, Netflix up 13%

Wed, 22 Jan 2025 08:00:00 +1100

The Dow Jones Industrial Average added 537.98 points, or 1.24%, to finish at 44,025.81. The S&P 500 gained 0.88% to end at 6,049.24, while the Nasdaq Composite rose 0.64% to 19,756.78. 3M climbed more than 4% after earnings came in better than analysts expected. Small-cap stocks also participated in Tuesday’s rally, with the Russell 2000 rising about 1.9%.

Netflix is up 13% on after-hours results.

ASX SPI up 32 - Gold up again - Oil falls - WDS -PDN - ILU Quarterlies

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 21 January: ASX 200 up 55 points | Tariffs in focus | BHP quarterly

Tue, 21 Jan 2025 16:00:00 +1100

ASX 200 greeted the Trump era with volatility. The ASX 200 finished up 55 points to 8402 (0.7%), having sprinted out of the blocks early on tariff news and then collapsing as Mexico and Canada were threatened with a Feb 1 kick-off. Welcome to the funhouse. Across the board gains ultimately stuck, banks moved higher again on Macquarie upgrades, the Big Bank Basket ran to $257.96 (+1.2%). NAB up 2.1% and insurers moved higher, QBE up 0.9% and AMP up 2.5% with GQG up 3.3%. HUB up 11.0% on a FUA update. REITs flat, GMG down 0.6% and VCX off 0.5%. Industrials firm, but unexciting, JBH bounced 3.3% with WES up 1.6% on Catch news, REA did well up 2.8% and tech was slightly higher. The All-Tech Index was up 0.7%. Resources saw buyers back, iron ore miners up, BHP up 0.9% and RIO pushing 0.4% higher. Gold miners were better, NST on quarterly numbers, EVN up 2.2% and NEM up another 0.7%. Energy stocks mixed, WDS up 0.5% and STO falling 2.2%. YAL had a good quarter. In corporate news, LTR rallied another 11.9% on latest production numbers, CVN fell 22.6% on another delay to El Dorado. Nothing locally on the economic front, it was all about Trump. Asian markets were firm but cautious as no new tariffs were announced. So far. Japan unchanged. HK up 1.1% and CSI 300 up 0.4%. 10-year yields slid to 4.41%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 21 January: US markets closed | Tariffs delayed for now

Tue, 21 Jan 2025 09:00:00 +1100

U.S. stock market futures rose as Donald Trump was sworn in a second time.

Regular trading on the New York Stock Exchange and Nasdaq was closed for the Martin Luther King Day holiday, but there was limited futures trading.

The pan-European Stoxx 600 index closed 0.05% higher, reversing earlier losses as mining stocks led gains, up 1.2%.

S&P 500 futures closed modestly higher, up 21.75 points.

Brent crude retreated almost 1% to near $US80 a barrel. USD falls - Crypto runs then falls back to earth.

ASX SPI up 29 - No Day One tariffs - Studies instead - BHP production report - copper production rose 10% in the first half after its Escondida mine reached a production record.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 20 January: ASX 200 up 37 | US markets closed tonight

Mon, 20 Jan 2025 16:00:00 +1100

ASX 200 grinds 37 points higher ahead to 8347 (0.5%) of Trump’s inauguration. US markets closed tonight for Martin Luther King Day. Banks solid again with CBA up 0.8% and the Big Bank Basket up to $255.00 (0.7%). Financials were better, MQG up 1.9% and GQG better too. REITS higher, GMG up 0.6% and SCG up 1.4% with industrials also doing ok. WOW, COL and WES all solid, retail rallied, JBH up 3.0% and BAP up 2.3%. PMV eased off slightly with the vote this week, LOV gave back some of Friday’s gains. Tech a little muted with the All -Tech Index up 0.9%. Iron ore miners were better as Port Hedland reopened after the cyclone was downgraded, Singapore iron ore futures slightly better. BHP up 0.5% and RIO up 1.1%. Gold miners eased with NST down 2.6% and EVN down 1.1%. Lithium miners continue to find a few friends and short covering, PLS up 2.5% and IGO up 2.6% despite talking impairments at Kwinana. Energy stocks flat, PDN down 3.7% with DYL up 0.8% on a broker upgrade. In corporate news, IFL granted DD to CC, KAR was plugged and abandoned with a Who Dat well. SGR fell 17.9% on uncertainty unless it can find funding. INR jumped 20.6% on a US government loan. FND is up 25.0% on acquisition and update. In economic news, China left rates unchanged as expected. Asian markets better with Japan 1.2%, HK up 2.3% and CSI up 0.9% on hopes for a Trump visit to China. 10-year yields steady at 4.49%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 20 January: US markets firm ahead of inauguration | Bitcoin hits $106k

Mon, 20 Jan 2025 09:00:00 +1100

The Dow Jones Industrial Average added 334.70 points, or 0.78%, to end at 43,487.83. The S&P 500 gained 1% to 5,996.66, and the Nasdaq Composite advanced 1.51% to 19,630.20. Big tech stocks were higher on the day, with shares of Tesla popping 3%. Nvidia jumped 3.1%, while Alphabet shares added more than 1%.

For the week, the Dow and S&P 500 advanced 3.7% and 2.9%, respectively.

ASX SPI up 28 - US Markets closed tonight.

COMMODITIES

Oil set for fourth week of gains on US sanctions.
Iron ore heads for weekly gains on better China data, resilient demand.
Gold eyes third weekly gain as markets look to Trump inauguration.
Aluminium rises on strong Chinese data.
Rio Tinto to form new lithium unit after Arcadium buy.
Biden boosts loan for Ioneer's Nevada lithium mine to nearly $1bn.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 17 January: ASX 200 closes down 17 | New IFL bid

Fri, 17 Jan 2025 16:00:00 +1100

ASX 200 dropped 17 points to 8310 ( -0.2%) finishing the week up 16 points for the week. Sums is up. Banks sold off after the huge run yesterday, CBA down % and NAB down % with the Big Bank Basket at $253.29 (-1.3%). Other financials flat, MQG down 0.1% and ZIP falling 1.0%. Insurers flat. REITs eased back, GMG solid but SCG off 0.8%. Industrials were firm but idle, WES up 0.5% and COL up 0.8% on a broker upgrade. Utilities better with tech down, WTC off 0.8% and the All-Tech Index flat. Retail was patchy, PMV up another 1.6% and CTD pushing up another 1.7%. LOV up 7.7% on a broker upgrade. In resources, FMG pushed up 1.8% with MIN up 2.9% on China data and iron ore prices. RIO fell 0.7% as the Glencore discussions were ‘poo pooed’. Gold miners were pushing slightly higher, GMD up 1.8% and GOR up 1.7%. Lithium stocks were firmer as LTR roared ahead again up 9.5%. PLS up 2.1% too. Energy stocks slightly positive, STO up 0.6% and PDN up 1.9%. In corporate news, IFL got a 460c bid from CC Capital, AVJ opened its books to Ho Bee, LYC dropped 0.9% on quarterly and ABB swooned 5% on CEO news and then rallied 5.5%. TLX added 3.1% on EU approvals. In economic news, nothing locally, but Chinese GDP came in spot on as expected. Asian markets, Japan down 0.6%, HK up 0.2% and CSI up 0.5%. 10 year yields solid at 4.49%

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 17 January: US markets waiver | Apple sinks 4%

Fri, 17 Jan 2025 09:00:00 +1100

The S&P 500 slipped Thursday, ending a three-day winning streak, as big tech shares pulled back.

The broad market index slid 0.21% to 5,937.34. The tech-heavy Nasdaq Composite dropped 0.89% to 19,338.29. The Dow Jones Industrial Average fell 68.42 points, or 0.16%, to 43,153.13.

Apple shares were down 4%, posting their worst day since Aug. 5. Tesla tumbled more than 3%. Nvidia slid nearly 2%, and Alphabet lost around 1%.

SPI up 11 - RIO and Glencore no longer in talks about a merger - Chinese GDP at 1pm.

COMMODITIES

Gold climbs to over one-month high on weaker yields after US data.
Oil settles lower on expected halt to Houthi shipping attacks.
Copper hits five-week peak on China stimulus hopes.
Iron ore hits four-week high on lower shipments, softer dollar.
Mideast oil prices jump on robust China, India demand post-sanctions.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 16 January: ASX jumps 114 on US move | Jobs data still firm

Thu, 16 Jan 2025 16:00:00 +1100

ASX 200 jumped 114 points to 8324 (+1.4%) following the US rally. Jobs numbers stifled gains to some extent coming in at 4% with any RBA cut in February a distant dream. Banks as usual led the charge higher as US banks delivered in spades, CBA up 3.0% and ANZ up 2.7% with the Big Bank Basket up to $256.84 (+2.9%). MQG put in a solid day up 3.2% with insurers and other financials also doing well. GQG finally saw some reasons to be cheerful, up 2.5%. REITs too were in demand led by tech GMG, up 3.2% and SGP leaping 3.7%. Industrials firmed, Tech did well with the All-Tech Index up 1.4% as WTC rallied 2.6% and XRO up 1.5%. TLS fell another 0.5% as the trading bots trumped the customer service bot upgrade. Retail found some friends as MYR and PMV rallied hard on the upcoming vote. In resources, Iron ore went nowhere, RIO production report failed to ignite any animal spirits, gold miners were generally better, GMD up 4.4% on a presentation and lithium stocks finding some support again. PLS up 2.2% and IGO up 0.6%. Energy stocks modestly better. DYL up 3.6% and STO up 1.0%. In corporate news, TAH soared on news of its first chief wagering officer. Whatever that is. NEU rallied hard on a Healthcare conference presentation. On the economic front, economists were once again wrong-footed with soaring PT jobs created and the headline rate modestly higher at 4%. RBA will continue to be sidelined! Asian markets better. Korea keeps rates unchanged.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 16 January: US markets rally on benign CPI | Banks deliver

Thu, 16 Jan 2025 09:00:00 +1100

The Dow Jones Industrial Average advanced 703.27 points, or 1.65%, to close at 43,221.55. The S&P 500 climbed 1.83% to 5,949.91, and the Nasdaq Composite rallied 2.45% to 19,511.23. It was the best day for all three major averages since Nov. 6. December’s consumer price index showed that core inflation, which excludes food and energy, rose 3.2%.

The 10-year Treasury yield sharply dropped on the back of the CPI report and was last down roughly 13 basis points at about 4.65%. Growth stocks such as Tesla and Nvidia popped around 8% and 3%, respectively, as Treasury yields fell.

Ceasefire in the Middle East but oil up 3%. Bank results very positive in US.

ASX SPI up 104 – RIO Production Report

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 15 January: ASX 200 falls 18 | US CPI awaits

Wed, 15 Jan 2025 16:00:00 +1100

ASX 200 fell 18 points to 8213 (0.2%) in quiet trade after a positive start gave way to some caution ahead of the US CPI tonight. Banks flat as yields firmed to 4.63% in 10-years. Financials mixed with MPL down 1.6% on news of potential premium increases. NWL continued to fall. REITs firm with GMG under some pressure as a ‘tech’ stock off 0.6%. Tech stocks remain on the nose here with WTC down 3.7% and TNE off 1.9%. REA and CAR also fell whilst TLS announced a new AI deal and fell 1.2%. Retail mixed with PMV still under pressure, MYR down 1.8% and travel stocks a little higher with CTD up 2.0%. GYG jumped 4.4% on a broker upgrade. Resources mixed, iron ore miners a mixed bag, BHP fell 1.0% and FMG up 1.8%. Gold miners better with NST up 1.0% and NEM up 1.3%. Lithium stocks saw some short covering with PLS up 4.1% and LTR rising 7.4% on hopes for lithium prices bottoming. Energy and uranium are slightly weaker. In corporate news, AVJ got a new 70c bid, ARU rose 17.4% on the government support for a convertible note. BBN rallied 13.9% on a trading update. In economic news, China’s central bank pumped a near-historic amount of short-term funds into its financial system today. Asian markets slightly weaker.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 15 January: US markets push higher on PPI | CPI tomorrow

Wed, 15 Jan 2025 09:00:00 +1100

The Dow Jones Industrial Average rose on Tuesday as traders weighed a lighter-than-expected producer price index report.The Dow gained 221.16 points, or 0.52%, to close at 42,518.28. The S&P 500 advanced 0.11% to 5,842.91, while the tech-heavy Nasdaq Composite slipped 0.23% to end at 19,044.39. Big Tech stocks slipped on Tuesday, weighing on the S&P 500 and Nasdaq. Nvidia dropped 1.1%, and Meta Platforms fell 2.3%. Utilities stocks outperformed Tuesday, boosting the S&P 500 sector 1.4%.

The producer price index, which measures wholesale inflation, increased just 0.2% in December better than 0.4% forecast. CPI tomorrow.

ASX SPI up 6 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 14 January: ASX 200 up 39 | Iron ore back above US$100

Tue, 14 Jan 2025 16:00:00 +1100

ASX 200 rallied 39 points to 8231 (0.5%) with a better US market giving us the lead. Banks though were once again weaker as resources continued to find buyers. All change for 25! BHP rose 1.4% on stronger iron ore prices, FMG rallied 2.9% with gold miners also better despite falling bullion prices, a broker report helping sentiment. NST up 1.9% and EVN up 1.3% with lithium stocks finding friends, MIN up 2.0% and LYC up 1.6%. Energy stocks once again better, WDS up 0.5% and coal and uranium stocks better, PDN up 3.4% and WHC up 6.6%. Banks slipped ever so slightly with the Big Bank Basket at $249.96 (-0.3%). Insurers rose and other financials mixed. PNI down 1.9% and ZIP falling 1.4%. REITs improved with GMG up 0.4% and SCG rising 1.1%. Industrials better, retail though still under pressure. JBH off 1.6% and PMV and MYR both down again. Travel stocks in demand, FLT up 0.6% and CTD up 2.2%. Tech still under a little pressure with the All-Tech Index up 0.4% with WTC off 1.3%. In corporate news, MSB raised more money at 250c, CCX jumped 14.6% on a trading update. Iron ore surged back over $100 a tonne as Chinese imports reached a record. No local economic news. In Asian Markets, Japan played some catch up after a holiday yesterday and fell over 2% with both China and HK both showing plus 1% gains.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 14 January: US markets rally back | Reporting season kicks off

Tue, 14 Jan 2025 09:00:00 +1100

The Dow Jones Industrial Average climbed Monday, outperforming the market, while the Nasdaq Composite slipped as traders continued to sell off major tech stocks that have powered the bull market. The Dow rose 358.67 points, or 0.86%, to close at 42,297.12 as investors rotated into non-tech shares such as Caterpillar, JPMorgan and UnitedHealth.

Investors are hoping the start of the fourth-quarter earnings season will stabilize markets. Banks including Citigroup, Goldman Sachs and JPMorgan Chase report on Wednesday, while Morgan Stanley and Bank of America will post results on Thursday.

ASX SPI up 37.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 13 January: ASX 200 drops 102 points on spiking yields and bank downgrades

Mon, 13 Jan 2025 16:00:00 +1100

The ASX 200 fell 102 points to 8192 (1.2%) as a rethink on banks, and US leads, saw across the board selling. A downgrade to banks clobbered the sector with higher yields probably not helping. The Big Bank Basket dropped to $250.75 with WBC off 2.2% and the insurers seeing sellers despite higher yields. QBE down 2.0% and SUN off 2.2%. Other financials also under pressure, MQG down 2.4% and GQG off 3.8%. IFL better, a rarity, on another competing bid from Bain at 430c. SQ2 and ZIP under pressure with retail also on the nose today thanks to PMV and MYR trading updates. Challenging mentioned four times! WES also fell 2.3% with LOV down another 1.8% on broker downgrades. Tech stocks eased, WTC down 3.6% and XRO off 2.8% with the All-Tech Index down 2.6%. Resources fared better, the ‘Three Amigos’ BHP, FMG and RIO barely changed, MIN up 2.0% and gold stocks better as AUD hit highs again. NST up 1.3% and EVN up 1.2%. Energy stocks getting a boost from oil prices. WDS up 2.0% and STO rising 2.2%. In corporate news, quarterlies are kicking off. MYR and PMV fell hard on trading updates, NWL fell % on a Citi downgrade, NWH dropped 9.5% on a CFO change. Nothing on the economic front locally. Chinese trade surplus soared to US$1 trillion on pre-Trump exports. Record exports and weak imports.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 13 January: SPI down 71 | US markets drop on jobs and bond yields

Mon, 13 Jan 2025 08:00:00 +1100

ASX set to drop. SPI futures down 71 points or 0.86%.

Stocks in the US broadly fell on Friday night after non-farm payrolls data implied the labour market is in better shape than expected. A classic case of good news is bad news, it reinforced fears from Tuesday night that there will only be one Fed rate cut this year, down from two indicated by the Fed last month. Dow Jones down 697 points, closing near the low. Nasdaq down 1.63% and the S&P 500 down 1.54%. The Nasdaq fell 2.35% for the week while the ASX 200 gained 0.53%. A rare week of outperformance for our market.

December non-farm payrolls showed 256k jobs in the US were added, well above expectations of a 212k rise while the unemployment rate fell to 4.1% (no change was expected). Concerns the strong labour market will keep inflation elevated saw the chance of two rate cuts this year fall. Bond yields had a huge jump. US10Y up 7bp and the 2Y up 12bp.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 24 December: US markets push up slightly | Tech shines

Tue, 24 Dec 2024 08:00:00 +1100

The S&P 500 gained 0.73% to 5,974.07. The tech-heavy Nasdaq Composite rose 0.98% to 19,764.89, as Tesla and Meta Platforms added more than 2% and Nvidia climbed more than 3%. The Dow Jones Industrial Average erased earlier losses and ended the day 66.69 points higher, or 0.16%, to 42,906.95.

Weak economic data seemed to sour the sentiment a bit earlier in the session. The Conference Board’s consumer confidence index for December fell to 104.7, its lowest level since September and below a Dow Jones estimate of 113.0.

Month to date, the 30-stock Dow is down 4.5% in December, while the S&P 500 is off by nearly 1%. The tech-heavy Nasdaq Composite bucked the downtrend, rising 2.8% this month.

ASX SPI up 5 - No news today.

COMMODITIES

Lithium Americas and GM close joint venture for Thacker Pass mine.
Oil prices ease on surplus concerns, dollar strength.
Gold eases as US dollar, yields rise in thin holiday trading.
Copper eases as dollar hovers near two-year high.
Iron ore rises on expectations of Chinese pre-holiday restocking.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 23 December: ASX 200 up 135 points as banks rally hard

Mon, 23 Dec 2024 16:00:00 +1100

The ASX 200 roared back from oversold levels last week and rose 135 points to 8202 (1.7%) as Santa came to town. The slow burn turned into a book squaring short covering rally led by the banks. CBA rose 2.9% with ANZ up 2.4% and the Big Bank Basket up to $(). MQG had a good day along with insurers and other financials. QBE up 1.1% and ASX rising 2.0% on relief that it fixed CHESS. REITs were firm, GMG rallied 1.8% and Industrials also ran hard. TLS up 1.0% on selling Foxtel along with NWS up 3.3%. WES bounced back 3.3% with retail doing well, JBH up 3.7% and SUL rising 5.0%. Tech pushed higher although a little muted, WTC up 1.5% and XRO up % with the All-Tech Index up %. Resources also rebounded although BHP and RIO were tepid at best. FMG up 1.1% and the gold sector rallied with NST up 1.6% and NEM up 3.3%. Even lithium shorts were active ahead of the break, PLS up 3.9% and LTR up -.9%. Uranium stocks better as were oil and gas. In corporate news, EML lost an MD and fell 22.2% with NWS selling Foxtel to DAZN. PME up 2.7% on another contract win. Nothing on the economic front.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 23 December: US markets bounce on PCE | CHESS issue sorted

Mon, 23 Dec 2024 09:00:00 +1100

US markets bounced on Friday night after PCE inflation numbers came in slightly less than expected. Settling some nervousness after last weeks Fed meeting thrust progress on inflation back into the spotlight. The PCE index increased from 2.3% to 2.4% in November, vs 2.5% expectations. Consumer spending also rose 0.4%, signalling economic resilience. It is the largest contributor to US GDP at 2.5% (YoY). All three major indices rebounded on the last triple-witching day of the year. The S&P 500 rose 1.09%, and the NASDAQ rose 1.03%. The Dow added 498 points (+1.18%). Up 874 points at best. Gains weren’t enough to offset losses in the week. The S&P 500 had its worst week in over a month thanks to Wednesday night’s 2.95% drop.

ASX to open near flat. SPI futures up only 13 points. CHESS issue has been sorted.

COMMODITIES

Nippon Steel alleges undue White House influence on doomed deal review-letter.
Lure of Anglo's copper mines could test BHP's spending resolve.
Codelco copper output misses November target, document shows.
Gold climbs after soft US inflation data; still set for weekly loss.
Oil steady as markets weigh Fed rate cut expectations, Chinese demand.
Trump wants EU to buy more US oil and gas or face tariffs.
Copper set for weekly fall on strong dollar, concerns about demand prospects.
Iron ore posts weekly loss as seasonally weak demand weighs.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 20 December: ASX stumbles 1.2% lower as banks tank | US PCE tonight

Fri, 20 Dec 2024 16:00:00 +1100

The ASX 200 fell hard again today, down another 101 points to 8067 (1.2%) as the banks came under pressure. For the week the ASX 200 is down 2.8% with the US Triple witching and Core inflation numbers due tonight. Traders taking profits on the sector after a great year. The Big Bank Basket dropped to $246.54 (-2.9%). CBA the big drag on the index down 3.7%. MQG dropped 2.3% with other financials also feeling the pain. Insurers too was tossed out, QBE down 1.0% and SUN down 1.8%. REITs were mixed, GPT up 0.2% and SCG off 0.3%. Industrials were sold down but escaped the worst of the sell off. WES not so fortunate having announced the sale of Coregas, losing 5.0%. Retail stocks slid with WOW and COL falling slightly. Utilities found some friends as defensives, ORG up 1.4%, tech mixed. The All-Tech Index fell %. Resources were far better off than the banks, BHP off % and FMG bucking the trend up %. Gold miners eased but only marginally, NEM off % with EVN only down 0.7% on the CFO moving on. Oil and gas better, WDS up 2.0% on broker comments following Chevron deal yesterday. Coal stocks down but uranium mixed. In corporate news, VNT up 3.8% after a $400m deal with TLS. DEG down 2.8% on an update in Hemi project. QHL rose 40.5% on a takeover bid. MSB came back to earth with a thud falling 20.7% after FDA approvals yesterday. In economic news, the PBoC kept rates on hold. In the US, a bill to keep the government funding in place was rejected.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 20th December: US markets stabilise | Commodities weak on USD strength

Fri, 20 Dec 2024 09:00:00 +1100

The Dow Jones Industrial Average was higher Thursday, rebounding from its 10th straight loss. The 30-stock Dow added 24 points, or 0.07%. The S&P 500 was little changed, as was the Nasdaq Composite.

The 10-year Treasury yield rose to 4.566% on Thursday after climbing more than 13 basis points to cross 4.50%.

Gross domestic product accelerated at a 3.1% seasonally adjusted annualized pace during the July-through-September period, 0.3 percentage point better than the previous estimate and above the 2.9% Dow Jones consensus estimate.

Consumer spending, which accounts for about two-thirds of all activity in the $29.4 trillion U.S. economy, rose 3.7% in the quarter, 0.2 percentage point faster than the prior estimate.

ASX SPI down 51 - Triple Witching in US tonight - Commodities weak on USD strength.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 19 December: ASX falls 1.7% on Fed | MSB soars on FDA approvals

Thu, 19 Dec 2024 16:00:00 +1100

The ASX 200 tumbled 141 points to 8168 as the Fed grew hawkish and warned on rate cuts next year. Everything was hit hard. The banks fell with CBA down 2.3%, ANZ dropped 2.6% as the AGM saw another shareholder strike against Shayne Elliott. The Big Bank Basket fell to $253.85 (-2.3%). MQG down only 1.3% with some insurers up on the day, QBE up 2.1% with MPL rallying 0.5%. REITs were sold down on higher rates, GMG down 2.3% and SCG off 1.2% with industrials under pressure. Retail fell as JBH dropped 2.4% with LOV down 3.2% and WES off 1.3%. WOW fell 1.3% but COL rose 0.3%. Tech stocks came under pressure, REA down 2.5% and WTC off 2.2% with XRO falling 2.6%. In resources, most rallied off lows, BHP down 1.5% and FMG falling 3.9%. Gold miners under pressure on bullion falls but in AUD terms, it held steady, EVN down 2.8% and NEM off 3.6%. Energy stocks fell, WDS down 1.9% despite a deal with Chevron, WHC dropped 4.0% and PDN rose 1.3% as Canadian authorities cleared the Fission bid. DYL hammered 12.1% as the FID was postponed until early next year. In corporate news, MSB went ballistic, up 54.0% on FDA approvals, IPL fell 2.9% on its AGM update. PMT rose 15.9% on a deal with VW. AGL fell 0.7% as a court ordered it to pay $25m over customer failings. In economic news, Australian household wealth increased by 2.4% in the September quarter. The BoJ left rates unchanged. Tonight, we get the BoE and rates are likely to be left unchanged.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 19 December: Powell cuts but turns hawkish | Dow falls over 1000

Thu, 19 Dec 2024 08:00:00 +1100

The Dow Jones Industrial Average fell hard with the index posting its 10th straight losing day as a disappointing rate outlook by the Federal Reserve rocked the stock market.

The Dow lost 1,123.03 points, or 2.58%, to 42,326.87, for its worst losing streak since an 11-day slide in 1974. The Wednesday decline was its worst since August and only the second time it lost 1,000 points this year in one session.

The S&P 500 lost 2.95% to 5,872.16 and the Nasdaq Composite shed 3.56% to 19,392.69 with losses intensifying into the close of trading.

Stocks tumble after Fed cuts rates, signals slower cut pace.
Fed dials back rate cut expectations for 2025, market now pricing in two 25bp cuts.
ASX to drop, $A plunges as Fed signals rate pause near – AFR.
Treasuries slide and US dollar jumps to highest since 2022 on more hawkish than expected Fed SEP.
BOJ meets for final rate review this year as Trump risk clouds outlook.
US EPA approves California plan to ban sale of gas-only cars starting in 2035.

ASX SPI down 123 - Gold falls 2% - Bitcoin drops.

Oil settles up after US crude stocks fall, Fed's 2025 outlook curbs gains.
Gold hits one-month low after Fed signals slower easing pace in 2025.
Copper edges up after hitting two-week low.
Iron ore slips as supply worries ease, demand slows.
Barrick Gold seeks arbitration over Mali gold mine dispute.
US crude stocks fell last week as exports jumped, EIA says.
Despite revamped proposals, Nippon Steel deal on track to be blocked, letter says.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 18 December: ASX 200 down 4 ahead of Fed | IFL board rejects bid

Wed, 18 Dec 2024 16:00:00 +1100

The ASX 200 fell 5 points to 8309 as early gains melted away. Fed decision tonight. Banks were under pressure for a change with CBA down 0.9% and ANZ off 0.2% as the Big Bank Basket fell to $259.93 (0.6%). Insurers slid too with SUN off 1.7% and IAG falling 2.2%. REITs were generally firmer, GMG up again, Healthcare had a good day with CSL leading the charge higher on hopes of vaccines being unaffected in the US. Industrials were ok. TCL rising 1.9% and CPU up 1.8% with tech doing ok. WTC up 1.1% and the All-Tech Index up 0.8%. APA fell 2.4% in utilities following broker comments on Basslink miss. Resources were mixed, BHP and RIO flat, gold miners fell, WGX up % an exception. Uranium stocks slightly better, and oil and gas mixed. In corporate news, the IFL board rejected the Bain overtures, OBL rose 50.3% on a good deal with Ares. MSB will begin a Nasdaq listing next week. VUL rallied another 1.9% on further EU loan commitments. On the economic front, Dr Jim released MYEFO showing a $22bn budget blowout. In Asian markets, Japan down 0.5%, HK rose 0.7% and China up 0.5%. 10-year yields at 4.28%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 18 December: Dow falls 9 days straight | Fed in focus

Wed, 18 Dec 2024 09:00:00 +1100

The Dow Jones Industrial Average fell for its first nine-day losing streak since the 1978. The 30-stock average shed 347 points, or 0.7%. The S&P 500 lost 0.5% , while the Nasdaq Composite ticked down 0.5%.

ASX SPI down 14. Waiting for Fed - NAB AGM today.

Commodities

LME Copper prices fell to a two-week low, down 0.81%. Aluminium dropped 1% touching a one-month low over surplus concerns.
Iron ore ended 0.24% lower in a range-bound trading session as markets weighed slowed shipments and weak demand from China.
Gold dropped 0.30% pressured by a stronger USD ahead of the Fed’s rate decision tomorrow.
Lithium off 0.14%. Saudi Arabia plans a pilot program to extract lithium from Aramco's oilfield brine. Lithium Infinity will lead the project with Ma'aden and Aramco, Vice Minister Khalid al-Mudaifer announced.
WTI eased 1.0% on demand worries following negative economic releases from Germany and China.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 17 December: ASX 200 up 65 points | Banks lead the charge

Tue, 17 Dec 2024 16:00:00 +1100

The ASX 200 kicked higher today by 65 points to 8314 (+0.8%) as the usual suspects rallied hard. The Big Bank Basket was up to $261.38 (+1.4%). CBA stood out, rising 1.6% MQG gained 1.0% with insurers doing well too. Financials generally attracting buyers, SQ2 up 1.6% and HMC up 3.0% in tandem with DGT bouncing back hard. REITs also back in demand ahead of the Fed this week, GMG up 1.7% and SCG rallying 1.2%. Industrials, too, moving firmly ahead, ALL up 1.9% with TCL up 2.1% and BXB extending its run up another 0.5%. Both COL and WOW were better with retail finding Xmas cheer, LOV up 2.3% actually, DMP up 1.0% and FLT better. Tech better, WTC up 1.1% and the All-Tech Index up 1.2%. Resources were mixed, iron ore stocks eased slightly, lithium still depressed, gold miners mixed with NEM off 0.5% and WGX up 4.3%. Energy stocks eased again with WDS down 1.0% and PDN off 2.0%. In corporate news, NVX gained 3.4% on a conditional loan from the US DoE. DTL fell 9.8% on a change in Microsoft incentives. KAR fell 9.7% on a shut in for the Bauna gas field in Brazil and APA fell 1.5% as the regulator rejected the Basslink conversion. SPG also returned to a listing after almost 20 years. Canned down 26.9% PPT fell 0.4% on the independent report failing to recommend the offer. Nothing on the economic front. Asian markets trending lower, HK down 0.4%, China up 0.6% with Japan down 0.1%. 10Y yields steady at 4.30%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 17 December: US markets mixed | Fed in focus still

Tue, 17 Dec 2024 09:00:00 +1100

The Nasdaq Composite rose to a record, aided by a rally in tech, as investors awaited the Federal Reserve’s policy meeting. The tech-heavy index gained 1.24% to 20,173.89, while the S&P 500 added 0.38%, closing at 6,074.08. The Dow Jones Industrial Average underperformed, losing 110.58 points, or 0.25%, to end at 43,717.48. The 30-stock Dow fell for an eighth day, marking its longest run of losses since 2018.

ASX SPI down 14 - WBC CFO Retires - Bitcoin hits US$106k

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 16 December: ASX 200 down 47 | Banks steady, iron ore sinks

Mon, 16 Dec 2024 16:00:00 +1100

ASX 200 slid 47 points to 8250 (0.6%) as banks remained solid and resources sunk. Iron ore stocks fell hard as Chinese retail data showed no real sign of a stimulus helping. BHP down 2.0% and FMG off 3.8%. Lithium stocks remain depressed, PLS off 3.1% and MIN falling 2.0%. Gold miners too under pressure as bullion comes off the boil. NEM down 3.6% with NST off 2.1% and VAU dropping 8.0%. Oil and gas eased with uranium stocks under pressure on a spot price downgrade from UBS. Banks help up with the Big Bank Basket solid at $257.88 (+0.3%). Insurers are also doing well, SUN up 0.8% and IAG up 1.2%. Other financials withered and died, ASX off 0.7% with HMC down 13.7% following DGT much lower. REITs fell, GMG down 1.8% with SGP down 1.0%. Tech eased back, WTC lost 1.8% with XRO down 0.3%, the All-Tech Index fell 1.0%. Retail was mixed, LOV up 0.5% and PMV down 1.8%. GYG dropped 3.6% with LNW down 1.9% too. In corporate news, not much around today. In economics, the RBA has been shaken up a little bit with two new appointments to the Interest rate-setting committee. Chinese data was lacklustre. Again. Asian markets drifted lower, Japan down 0.1% and China and HK falling 0.4% and 0.6% respectively. 10-year yields rose to 4.31%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 16 December: US markets pause ahead of Fed | SPI down 39

Mon, 16 Dec 2024 08:00:00 +1100

Wall St ended near flat on Friday night, giving up early gains in a quiet session. The Dow dropped 86 points (-0.20%). Its seventh loss in a row was the longest stretch since 2020. Doesn’t reflect much about the US market, there’s only 30 stocks in the equal weighted index. The S&P 500 closed flat, while the NASDAQ outperformed gaining 0.12% (+0.8% at best). Supported by gains in chip stocks as Broadcom rallied 24.43%. Tipping the company’s valuation over $1 trillion, becoming the 10th public company to achieve the milestone. It predicted a massive expansion in demand for chips that power AI, expecting a $60bn-90bn AI revenue opportunity by 2027. More than four times the current size of the market. Other chip markets were mixed, Nivida down 2.2% and AMD lost 2.8%, while Marvell rose 10.8% and the Philadelphia Semiconductor Index gained 3.4%. Treasury yields rose across the board. The US 10Y yield up 6.5bps, hitting a three-week high while the 2Y yield gained 5.2bps. Bitcoin rose 1.62% on Friday night and jumped another 1.3% over the weekend to $102,877. USD Index flat, and the Aussie dollar slipped 0.17% to 63.56US cents.

ASX set to fall. SPI futures down 39 points (0.47%).

COMMODITIES

Copper output in Peru down 1.4% in October.
LME stocks data supports copper, but dollar dominates.
Gold slips, but set for weekly rise on potential US Fed rate cut.
Oil up 2%, settles at 3-week high as more sanctions loom on Russia, Iran.
UAE to cut oil shipments amid OPEC+ push for quota discipline, Bloomberg News reports.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 13 December: ASX 200 down 34 points | DGT falls 9% on debut

Fri, 13 Dec 2024 16:00:00 +1100

ASX 200 fell 34 points to 8300 (-0.4%) with a late rally saving some blushes. Down 1.5% for the week. Banks showed some resilience, with CBA attracting investor interest as a safe-haven option. The Big Bank Basketrose to $257.08 (+0.2%), with MQG up 0.3% with insurers easing slightly. REITs fell with NKOTB DGT falling 9.0% on debut. Not a great debut. Industrials were mixed, WOW up 0.3% and ALL rallying 1.2% as WES fell 1.3% and QAN dropped 1.2% on more industrial action. Resources fell significantly as iron ore prices dropped in Asia. BHP lost 1.5% with FMG continuing its wild ride down 3.7%. Gold miners sagged on lower bullion prices following the US PPI last night. Uranium stocks surged following the coalition's announcement of plans to establish seven nuclear power plants across the country. PDN up 4.7% and DYL rising 2.8%. Oil and gas stocks better with WDS up 0.5%. In corporate news, IFL was on the receiving end of a NBIO from Bain at 400c, up 6.2%. S32 fell 1.1% on WA extending the Worsley alumina project. SDF fell 0.5% on some insider trading charges and TCL fell 0.9% on an update on NSW government negotiations. Nothing on the economic front locally. Asian markets eased despite Chinese stimulus talk. Japan down 1.0%, HK down 1.7% and China down 1.5%. 10-year yields back to 4.3%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 13 December: US markets slip | DGT hits the bourse

Fri, 13 Dec 2024 09:00:00 +1100

US equities pulled back overnight as hotter-than-expected US PPI data weighed on market sentiment. The Dow ended near session lows, down 234 points (-0.53%). Up 60 points at best. Down 245 points at worst. The NASDAQ fell back below 20,000 as tech stocks pulled back ahead of the Federal Reserves policy meeting next week and the S&P 500 lost 0.54%. On the economic front, US producer prices rose 0.4% MoM in November, the largest gain in five months. Annual PPI inflation accelerated to 3% from 2.6%. Core PPI rose 0.2% MoM, matching forecasts, with the annual core rate steady at 3.4%. Initial jobless claims in the US jumped to 242k in early December, up 17k from the prior week and above forecasts of 220k, the highest since October. US treasury yields rose following fresh economic data which confirms that the Fed will cut rates by 25bps next week. USD index up 0.28%, Bitcoin off 1.18%, and the AUD is flat.

SPI down 55 points - Bid for IFL - DGT first day of school.

WTI down 0.45% pressured by a forecast for ample supply in the oil market by the IEA.
Copper fell 0.97% due to a firming USD. Nickel and aluminium found buyers, up 2.05% and 0.12%, respectively. Zinc, lead and tin are all down over 1.5% each.
Gold slid 1.28% on profit-taking after the yellow metal hit a five-week high.
Iron ore rebounded, up 1.0%, while Dalian fell 1.10% as markets wait for further clues on policy easing from a key economic meeting in China.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 12 December: ASX down 23 as unemployment falls to 3.9% | VNT and DOW ACCC

Thu, 12 Dec 2024 16:00:00 +1100

ASX 200 falls another 23 points to 8330 (0.3%) after a solid opening was derailed by the 3.9% headline unemployment number. RBA will be back in its box. Banks slid with ANZ still under some pressure, the Big Bank Basket up to $256.62(). Insurers slightly higher as 10-year yields jumped higher to 4.26%. Industrials mixed with retail down, tech up and ‘old skool’ platform stocks easing back, REA down 2.4% and CAR off 1.3%. REITs under some pressure on higher rates. Resources were flat, iron ore miners mixed, lithium stocks tried to rally as PLS CEO bought 500k shares. Gold miners were still in demand, although muted, oil and gas stocks fell slightly, BPT jumped 9.9% on a broker upgrade. Uranium stocks mixed, PDN up 0.7%. In corporate news, SYR was dumped 28.3% on a force majeure in Mozambique, IPH rose 4.0% on buy back initiated. SPK jumped 3.1% on data centre sale news. ORA fell 1.7% as it completed the sale of its US business, and OML fell 3.8% as it outlined cost-cutting plans. VNT and DOW slumped on ACCC allegations of price fixing. In economic news, jobs data was far stronger than the economists had forecast at 3.9% with 36500 new roles created. RBA now back to a serious delay. In Asian markets, a strong day, Japan up 1.0%, China up 0.6% and HK up 1.7%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 12 December: Nasdaq closes above 20k | US CPI in line

Thu, 12 Dec 2024 08:00:00 +1100

The tech-heavy index rose 1.77% to end at 20,034.89 and post an all-time high and a closing record. The broad market S&P 500 gained 0.82% to close at 6,084.19. The Dow Jones Industrial Average was the outlier, falling 99.27 points, or 0.22%, to 44,148.56.

November's CPI was in line with expectations. The reading showed a 0.3% rise from October and 2.7% increase from a year ago. Excluding volatile food and energy prices, core CPI increased 0.3% on the month and 3.3% on an annual basis. Fed set to cut 25bps next week.

ASX SPI up 38 - Jobs number at 11.30am. Consensus +25k 4.1% headline rate - ORA sells US Business.

WTI jumped 2.5% as EU sanctions on Russia's "shadow fleet" threaten supply. Brent crude up 2.2%.
OPEC lowered its 2024 oil demand growth forecast for the fifth consecutive month, citing weaker Chinese demand. Growth is now expected at 1.61m bpd (-210k bpd).
Chile projects 2025 copper output at 5.4–5.6m tons and prices at $4.2–$4.5/lb.
LME copper fell 0.28% after touching a one-month high, as a stronger US dollar offset optimism over China's potential monetary easing.
Gold rose 0.91% after inflation matched expectations.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 11 December: ASX 200 down 39 points | Profit-taking continues

Wed, 11 Dec 2024 16:00:00 +1100

ASX 200 falls another 39 points to 8354 (0.5%) as profit-taking in the market leaders continues. No resource bounce today to counter that. Banks slid with the Big Bank Basket down to $256.32 (-0.3%). MQG off 0.8% and insurers slipping lower. Much lower as yields continue to fall on the ‘turtle’ dovish tilt from the RBA yesterday. REITs help up with GMG better, Tech once again under the pump with the All-Tech Index down 0.8% and WTC and XRO off 3.0% and 1.4% respectively. Industrials also falling with BXB, SGH and ALL falling back to earth. Resources were mixed, BHP rose 0.4% but RIO and FMG eased back. Gold miners were mixed, GMD up 1.1% and WGX better again. S32 dropped hard down 4.4%, on Mozambique issues, PLS down 0.9% and MIN down 1.6%. Oil and gas fell with uranium finding some stability. Coal stocks better again. In corporate news, REX under fire from ASIC on $80m bailout issues. CTT had a $16.5m block trade, NAB sold the remainder of MLC to Nippon. VUL in a trading halt for a cap raising and SIG laid out the timetable for Chemist Warehouse merger. In economic news, we had National Accounts showing a nominal GDP rise of 0.4%. The terms of trade fell 2.5%. Asian markets becalmed ahead of US CPI. 10-year yields higher at 4.18%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 11 December: US markets slip ahead of CPI | AUD falls as RBA turns turtle-dovish

Wed, 11 Dec 2024 09:00:00 +1100

US equities closed in the red overnight ahead of inflation data tomorrow. The Dow lost 154 points (-0.35%). Up 69 points at best. Down 215 points at worst. The S&P 500 pushed further away from recent all-time highs, down 0.30% and the NASDAQ eased 0.25%. NFIB Small Business Optimism Index jumped to 101.7 in November, its highest since June 2021. Small caps Russell 2000 ignored the positive economic data, falling 0.42% while the VIX edged 1.93% higher. US treasuries rose while Aussie bonds and the AUD fell hard, down nearly 1% at 68.78US cents.

US CPI tomorrow. SPI down 27 - AUD drops on Turtle Dovish RBA - Gold hits near record AUD highs.

The EIA forecasts US net crude oil imports to drop 20% in 2025 to 1.9m bpd, the lowest since 1971, driven by increased domestic production and reduced refinery demand.
WTI up 0.29% on rising demand from China after reports of “appropriately loose” monetary policy in 2025 and a possible tight supply in Europe this coming winter. Brent Crude up 0.10%.
Gold up 1.24% hitting a two-week high, supported by rising geopolitical tensions.
Codelco reported flat copper production of 127,900 tons in October, matching last year, while Escondida's output surged over 20%, per Cochilco data.
LME Copper dipped 0.16%, pressured by a slowdown in China’s export growth. While nickel dropped 1.19% from an oversupply in the market.
Uranium fell 0.26%, iron ore down too, off 0.14%, and lithium rose 0.20%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 10 December: ASX 200 drops 30 points | RBA holds | Resources shine

Tue, 10 Dec 2024 16:00:00 +1100

ASX 200 slipped 30 points to 8393 (-0.4%) as investors switched from the high flyers to resources following the news yesterday from China. Banks saw selling pressure with CBA down 1.1% and NAB sliding 2.8% with the Big Bank Basket down to $256.99 (-1.5%). MQG off 1.9% with insurers under pressure too. High-flying platform stocks also in sell-down mode, with HUB and NWL down. REITs under pressure, GMG off 2.2% and SCG down 1.7%. Tech too in the seller’s sights, WTC off 4.4% and XRO falling 4.4%. The All-Tech Index dropped 3.55%. REA took a tumble as did CAR and SEK. In media stocks, NWS saw Murdoch senior thwarted in a Nevada court. Industrials and retail slipped slightly. Resources saw strong buying across the board, though gains moderated from intraday highs. BHP up 3.1% and FMG rallying 6.2% with PLS bouncing hard together with MIN. Gold miners back in demand, GMD hitting 52-week highs. NEM up 2.4% and EVN up 5.0%. Even oil and gas stocks rose, KAR up 5.3% with uranium in-demand, PDN up 2.0%, and WHC doing well too, up 3.5%. In corporate news, PPT dropped 8.4% on an ATO issue that could see the Barbarians at the gate slam it shut. IAG fell after being hit with a class action in Victoria. In economic news, the RBA kept rates unchanged, but we saw a slight softening of language. Hikes seem to be off the table now. Asian markets rose on stimulus optimism, with China up 1.6%, HK up 1.0% and Japan up 0.4%. 10-year yields falling to 4.15%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 10 December: US markets slip | China stimulus | RBA later

Tue, 10 Dec 2024 08:00:00 +1100

The S&P 500 and Nasdaq Composite pulled back from record highs Monday, with tech shares struggling and investors looking ahead to key inflation data due out this week. The broad market index fell 0.61% to close at 6,052.85, and the tech-heavy Nasdaq slid 0.62% to end at 19,736.69. The Dow Jones Industrial Average shed 240.59 points, or 0.54%, settling at 44,401.93.

The November CPI due out Wednesday, is expected to show a slight uptick in pricing pressures. Economists expect a rise of 0.3% and 2.7% on a monthly and annual basis, respectively. That would be up from respective increases of 0.2% and 2.6% in the prior month.

ASX SPI up 3 - RBA later - Eyes on Resources after China talks its whatever it takes moment.

Gold and oil rise.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 9 December: ASX 200 fights back to close up 2 | ANZ CEO to retire

Mon, 09 Dec 2024 16:00:00 +1100

ASX 200 closes off lows, up 2 points to 8423. Quiet trade with resources recovering somewhat. BHP down only 0.3% with FMG off 1.2%. Lithium stocks remained under pressure with PLS off 4.4% and MIN down 1.6%. Gold miners slightly better, NST up 1.0% and GMD up 1.9%. Energy stocks lower again with WDS down 1.1% and PDN falling 2.0%. Banks were mixed, CBA rose 1.5% with ANZ down 3.6% as CEO retires and successor named. The Big Bank Basket up to $261.01 (+0.5%). Insurers weaker, QBE off 1.3% and platforms stocks easing back. SQ2 continues to push higher. Industrials mixed, RMD up 2.3% and FPH rising 1.7% with REITs slipping with the exception of GMG recovering 3.4% from the bungled sell-down last week. Tech a little mixed, XRO up 0.4% and the All-Tech Index off 0.1%. In corporate news, PTM fell 14.4% on news RPL had pulled out of discussions. 360 dropped 8.3% as directors sold small parcels. GQG released positive FUM and rose 6.3% despite cancelling buyback for US tax reasons. In economic news, Chinese CPI rose only 0.2% and Japanese GDP was revised down to -0.1%. Asian markets mixed with Japan off 0.2% and HK and China down 0.5%. 10-year yields steady around 4.21%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 9 December: US mixed on jobs report | ANZ CEO retires

Mon, 09 Dec 2024 09:00:00 +1100

The S&P 500 advanced modestly early and mostly held those gains into the closing bell in New York for its 57th record closing high this year. Breadth, however, continues to lag with just four of the 11 industry sectors rising.

The S&P 500 is on track to hit 30% gains this year. The consumer discretionary sector outperformed, boosted by gains in Lululemon (+15.9%). The sportswear maker raised full-year forecasts. The Dow Jones ended 123 points lower (-0.26%) weighed down by losses in UnitedHealth (-5.0%). The VIX fell 4.9% to 12.83, its lowest level since mid-July and Bitcoin jumped back above the $100k mark.

Market sentiment overall was driven by the latest jobs data. The US economy added 227,000 jobs last month, mostly in line with expectations, and the three-month average came in at 173,000, confirming expectations that the labour market is cooling, at a moderate pace.

SPI down 25 - ANZ CEO to Retire - Regal pulls out of Platinum discussions,
RBA Tomorrow.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 6 December: ASX 200 finishes down ahead of jobs data

Fri, 06 Dec 2024 17:00:00 +1100

ASX 200 has closed out the week in the red, down 54 points to 8421 (-0.6%). For the week down 0.14%. Almost all sectors closed in the red today, Utilities the expectation thanks to gains in APA up 1.4% after receiving a positive regulatory decision from the Australian Energy Regulator. Iron ore giants mixed. RIO and FMG slid over 0.5% each while BHP gained 0.3%. Lithium stocks dragged their feet, PLS fell 2.6% hitting a 52-week low, LTR lost 3.9%, while MIN gained 1.0%. Energy stocks were not so energic today, WDS fell more than 2%, STO off 1.2% and STX down 2.4%. REITs pared earlier gains, ending the session in the red, despite GMG rising 0.9%. WOW down another 1.0% as strikes continue and JBH rose 0.7% hitting a 52-week high. Aussie dollar down 0.4% to 64.27c and treasury yields eased a touch.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 6 December: Bitcoin rallies above $100k | ASX to fall

Fri, 06 Dec 2024 09:00:00 +1100

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 5 December: Wall Street rises on Powell comments and Salesforce results

Thu, 05 Dec 2024 08:00:00 +1100

US equities ended higher overnight with all three major indices closing in the green. Boosted by positive commentary from Powell and solid results from Salesforce. The Dow finished near session highs, up 309 points (+0.69%). Up 368 at best. The S&P 500 gained 0.61% booking its 56th closing record high in 2024, and the NASDAQ outperformed advancing 1.29%. Salesforce +11.0% hitting all-time intraday highs after beating estimates for Q3 revenue, helping rally the tech sector.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 4 December: ASX 200 finishes down 33 points in quiet trade

Wed, 04 Dec 2024 17:00:00 +1100

ASX 200 ended 33 points lower (-0.4%) coming off record highs. The Aussie dollar took a big hit today, down 0.7% to 64.37c. In Asia markets are mixed, with China and Japan down 0.1% and 0.2%, while Hong Kong's Hang Seng gains 0.1%. Treasuries mixed 2Y yield off 3.8bps and 10Y yield flat. The Dow and NASDAQ Futures up 0.3% each.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 4 December: US markets pause | SPI Futures down 30

Wed, 04 Dec 2024 08:00:00 +1100

The S&P 500 inched higher Tuesday, eking out another record close.

The broad market index added 0.05%, ending at 6,049.88. The Nasdaq Composite advanced 0.40% to close at 19,480.91, hitting a new intraday record as Apple rose to a fresh 52-week high. Both the S&P 500 and the tech-heavy Nasdaq posted new closing records. The Dow Jones Industrial Average underperformed, losing 76.47 points, or 0.17%, to settle at 44,705.53.

ASX SPI down 30 - PME placement - AIA sell down - GMG sell down

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 3 December: ASX jumps 47 to new record | ZIP Chair resigns

Tue, 03 Dec 2024 16:00:00 +1100

ASX 200 rose 47 points to a new record of 8495 (0.6%). Gains across the board with the solid bank sector remaining the bedrock. ANZ up 1.1% and NAB up 0.8%. CBA lost 0.3% with the Big Bank Basket up to $262.70 (0.2%). MQG kicked 1.2% higher and other financials joined the fun, ASX up 0.5% with NWL bouncing 3.7%. Insurers firmed and REITS in the green. GMG up 1.0% and SCG up 0.3%. Industrials continued higher, WES remains a standout up 0.9% with BXB also in demand, up 1.6% with ALL putting on 1.9%. Tech also doing well, with XRO up 1.5% and 360 up 3.8%. WTC missed the memo down 1.4% with the All-Tech Index up 1.3%. Resources were a little mixed, FMG jumped 2.1% with PLS up 2.9% and MIN doing well again up 2.6%. Gold miners were mixed as NST fell %, dragging DEG down too. VAU up 1.5% on takeover speculation. Oil and gas better, WDS up 0.5% and KAR up 0.7%. Uranium mixed, PDN up 1.6% and BOE down 2.2%. In corporate news, CKF downgraded the outlook, falling 4.3%. SDF rallied 2.7% on an all clear from irregularities, ZIP fell 0.6% as founder Diamond sold down and resigned. In economic news, consumer confidence jumped and the current account deficit came in higher than expected. Asian markets were better, Japan up 2.3% and China flat but HK up 0.1%. 10-year yields 4.31%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 3 December: US records fall | ZIP Chairman resigns

Tue, 03 Dec 2024 09:00:00 +1100

The S&P 500 booked its 54th record closing high overnight, up 0.24%, while the NASDAQ rose nearly 1% led by gains in mega-cap tech stocks. Microsoft +1.8%, Meta +3.2% and Alphabet +1.5%. The Dow lost 129 points (-0.29%). Up 91 points at best. Down 200 points at worst. Small caps Russell 2000 ended just below flatline and Wall Street's “fear gauge” the VIX dipped 0.67%. In economics, US ISM Manufacturing PMI rose to 48.4 in November beating expectations of 47.5, indicating a softer contraction in the manufacturing sector. In Fed speak, Bostic's commentary was uncertain, stating price stability and employment were broadly healthy, but continued positive data was not assured. Waller is leaning towards a rate cut in December given current data but reiterated that the Fed could consider holding rates steady to collect more inflation. Treasury yields were little changed, while the USD Index gained 0.60% and the Aussie dollar dropped 0.58%. December FOMC meeting is 15 days away with the odds of a 25bps cut at 74.5% rising from 66% in the previous session, according to the CME FedWatch tool.

ASX SPI up 62 - ZIP Chair Resigns - CKF Downgrades

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 2 December: ASX 200 up 12 in quiet trade | NST/DEG dominates

Mon, 02 Dec 2024 16:00:00 +1100

ASX 200 closes up 12 points at 8448 (0.1%) in lacklustre trade. Banks were mixed with the Big Bank Basket flat at $262.13. Insurers eased back as yields eased to 4.32%, QBE down 0.3% and MPL off 0.3% on NSW hospital changes. REITs were mixed, GMG down 0.4% and CHC falling 1.4% as funds locked in some of the year's gains. Industrials mostly stronger, WTC up 1.1% on the new White deal with Isaacs. XRO rose 0.4% and the All-Tech Index unchanged. Retail is a little mixed on better than expected retail sales, PMV up 0.5% and HVN up 0.4%. In resources, iron ore stocks pushed higher with BHP up 0.4% and FMG up 0.3%. Gold miners were hit hard as NST announced a takeover of DEG. NST fell 5.3% and DEG up 29.6%. GOR rose 0.4% as a 18% holder of DEG. Energy stocks rallied, WDS up 1.2% and PDN up 0.8%. In corporate news, MTS rallied 2.2% on better than expected 1H results. NWL fell 5.0% as it announced $100bn FUA. On the economic front, retail sales jumped 0.6% in October. Housing approvals picked up too, total approvals up 4.2% lifted by units and apartments. Asian markets firmed, Japan up 0.7%, China up 0.7% and HK up 0.2%.10-year yields fell to 4.32%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 2 December: US markets firm | NST bids for DEG

Mon, 02 Dec 2024 09:00:00 +1100

Dow +0.42%, S&P 500 +0.56%, NASDAQ +0.83%, and Russell 2000 +0.35%. Eurozone inflation rose to 2.3% in November, as expected. Black Friday sales boost retail and tech stocks. Meta faces a 551m euro complaint, trial in October 2025. STOXX 600 +0.35%, FTSE 100 +0.07%, CAC 40 +0.78%, and DAX +1.03%.

US equities closed out a shortened trading session higher as treasury yields came off multi-month highs. The S&P 500 and Dow Jones booked record closing highs advancing 0.56% and 0.42% respectively. Gains in tech and retail stocks boosted the indices in response to Black Friday sale discounts. Adobe Analytics estimated consumers spent a record $10.8bn in online purchases +9.9% YonY. Apple, Amazon and Nvidia up over 1% each, while Target, Hasbro and Macy’s rose between 1.7%-1.9%. The NASDAQ rose 0.83%, and small caps Russell 2000 gained 0.35%. For the week, Dow +1.39%, S&P 500 +1.06% and NASDAQ +1.13%, and for the month Dow +7.54%, S&P 500 +5.73% and NASDAQ +6.21%. Treasury yields dropped amid thin holiday trading. 10Y yield off 7.2bps and 2Y yield down 6.0bps. USD Index fell 0.31%, the Aussie dollar gained 0.31%, and Bitcoin rose near 3%, trading above $97k again. The probability of a 25bps December rate cut from the Fed remains unchanged at 66%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 29 November: ASX down 8 points | Quiet end to the week

Fri, 29 Nov 2024 16:00:00 +1100

ASX 200 drifts 8 points lower to 8436 (0.1%). Banks eased again with CBA unchanged with NAB and ANZ off around 1%. The Big Bank Basket fell to $262.13(-0.3%). MQG dropped 0.6% with insurers down too. REITs slipped with SCG off 1.1% and VCX off 1.8%. Utilities slipped with ORG off 0.3% and industrials mixed again, TCL off 1.4% and SGH bouncing back 0.7% with REH up 0.6%. Tech mixed with WTC up 1.8% and XRO off 1.2% and the All-Tech Index %. REA and CAR eased back and retail mixed, JBH down 0.3% and LOV up 0.7%. Iron ore miners rose, BHP up 1.3% and FMG up 1.6% and the gold miners rose led by NST up 0.8% and NEM up 1.5%. Lithium in the doghouse still. PLS unchanged and LTR down 1.4%. In corporate news, SHV went nuts for a while before cracking and falling 5.4%. RSG paid another tranche of money to the Mali government. Whilst on the economic front, economists raced each other to push out rate cuts further in 2025. Asian markets mixed as usual, Japan down 0.4%, China up 2% and HK up 1.3%. 10-year yields steady at 4.36%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 29 November: US markets closed | RBA overhaul

Fri, 29 Nov 2024 09:00:00 +1100

US markets closed overnight.
European markets better.
SPI down 27.
RBA Changes Passed.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 28 November: ASX 200 hits new record | CSL and CBA lead the way

Thu, 28 Nov 2024 16:00:00 +1100

ASX 200 pushed 38 points higher to fresh highs of 8444. Up 0.5%. Banks back in charge with the Big Bank Basket up to $263.13 (0.7). CBA up 0.6% and NAB up 0.9%. Other financials also strong, MQG up 0.4% and insurers firm, QBE post its update rising 1.2%. IAG up 3.6% on acquisition news, ASX bouncing back too. REITS steady. Industrials are also steady but uninspiring. WOW up 0.5% and ALL up 0.3% with healthcare stocks doing very well, PME up 8.7% on a new $330m contract. CSL up 1.6%. Iron ore miners better, BHP up 0.7% with gold miners under a little pressure in places. SPR up % on drill results. In energy, STO continue to fall, PDN down 5.0% and WDS up 0.1%. In corporate news, AVJ caught a bid from PE, SGR held its AGM and fell 7.1% to all-time lows, as new CEO urged patience. MGH in a capital raise and WJL in the sights of the ACCC on pricing. FPH fell 2.1% on profits growing less than hoped. Guidance an issue. HUM rattled on lower dividend warning. In economic news, Private new capital expenditure (capex) rose 1.1% in September quarter 2024. Asian markets mixed, China down 0.8%, HK down 1.3% and Japan up 0.7%. 10-year yields down to 4.36%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 28 November: US markets ease | Inflation numbers in focus

Thu, 28 Nov 2024 09:00:00 +1100

The S&P 500 shed 0.38% to 5,998.74, snapping a seven-day winning streak. The Nasdaq Composite lost 0.6% to end at 19,060.48. The Dow Jones Industrial Average slipped 138.25 points, or 0.31%, to finish at 44,722.06, reversing course after trading up more than 140 points at session highs.

US PCE Prices +0.2% MonM as expected.
Bonds sold off over economic concerns.
Dell tumbles 11.35% on quarterly forecasts.
FTC opens antitrust investigation of Microsoft.
STOXX 600 -0.19%, FTSE 100 +0.20%, DAX -0.18%, CAC 40 -0.72%.

ASX SPI up 21 - AVJ Bid - IAG buys RACQ Insurance.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 27 November: ASX 200 up 47 | Banks rebound, gold better

Wed, 27 Nov 2024 16:00:00 +1100

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 27 November: US markets hit records | CPI and AGMs continue

Wed, 27 Nov 2024 09:00:00 +1100

Dow advanced 123.74 points, or 0.28%, to close at 44,860.31, reversing course after dropping more than 300 points at session lows. The S&P 500 added 0.57% to 6,021.63. Both the Dow and S&P 500 notched new intraday and closing records. The Nasdaq Composite jumped 0.63% to 19,174.30.

Tariff talk dominated. Volumes below normal as Thanksgiving approaches.

Minutes from Fed released - The central bank said it anticipates interest rate cuts in the future, but to only expect them “gradually.”

ASX SPI up 38 - AGMs to continue

COMMODITIES

Oil settles down after Israel agrees to ceasefire deal with Lebanon.
Gold steady as safe-haven demand faces mixed geopolitical signals.
Copper slips as Trump releases details of China tariffs.
Iron ore rangebound amid China rate cut hopes, Trump tariff plans.
OPEC+ discusses further delay to oil output hike.
Trump plans no exemption for oil imports under new tariff plan.
TotalEnergies suspends Adani Green investment, awaiting clarity on bribery case, says CEO.
Japan Prime Minister Ishiba calls on Biden to approve Nippon-US Steel deal, sources say.
Four Barrick Gold employees arrested in Mali, miner says.
Saudi Arabia agrees metals deals worth over $9bn.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 26 November: ASX 200 down 58 points | Banks smashed

Tue, 26 Nov 2024 16:00:00 +1100

ASX 200 fell 58 points to 8359 (-0.7%) on Trump tariff plans and banks saw a large sell-off with the Big Bank Basket down to $257.85 (-2.7%). CBA led the market lower down 3.6% as investors woke to the extraordinary gains from the big four this year. WBC, ANZ and NAB slid half as much. MQG rose 0.8% on some rotation, insurers slid as bonds fell, QBE off 2.1% and SUN off 2.2%. ASX dropped 4.3% as it outlined plans for the CHESS replacement in 2029. REITs firm on lower rates, GMG up 0.9% and SCG up 1.4%. Industrials mixed, WES fell 0.8% and TLC up 0.4% and SGH up 1.0%. Retail slightly firmer, SUL up 0.9% and DMP up 4.2%. Healthcare mixed, CSL down 0.3% and PME up again, SHL up 2.6% with some positive broker comments. Resources were weaker, gold miners falling as bullion was dumped, NST down 2.4% and NEM down only 0.5% despite ex-dividend after a sale of another project. Oil and gas stocks were dumped with WDS down 3.8% and STO off 4.2% with uranium easing. In corporate news, EML up 29.2% after earnings rose 46% in Q1. RHC up 3.5% after saying it had a positive start to FY25. On the economic front, Trump announced his first executive decision will see Mexico and Canada hit with a blanket 25% tariff and China to get an additional 10%. Asian markets mixed, China up 0.5%, HK up 0.4% and Japan down 1.6%. 10Y yields 4.44%. Dow Futures up 16 points. NASDAQ Futures up 26 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 26 November: US markets at new records | Gold falls 3%

Tue, 26 Nov 2024 08:00:00 +1100

Dow rose 440.06 points, or 0.99%, to 44,736.57. The broad S&P 500 gained 0.3% to end at 5,987.37. Both hit new all-time highs in the session, while the Dow also notched a fresh record close. The Nasdaq Composite ticked up 0.27%, finishing the day at 19,054.84.

The 10-year Treasury yield dropped more than 14 basis points in Monday’s session.

U.S. markets are closed Thursday due to the Thanksgiving holiday and close early on Friday, so trading volume is likely to be light this week.

ASX to rise. SPI Futures up 18 points (+0.21%).

COMMODITIES

Gold tumbles 3% on reports of Israel-Hezbollah ceasefire, US Treasury pick.
Copper bounces on bargain hunting and risk appetite.
Iron ore rises on firmer steel outlook, but trade tensions cap gains.
Newmont to sell Eleonore gold mine for $795mn, advancing asset divestment plan.
Trump preparing wide-ranging energy plan to boost oil drilling and gas exports.
Anglo agrees to sell Australian coal mines for up to $3.78bn to Peabody Energy.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 25 November: ASX closes up 24 as momentum wanes | Banks ease on APRA

Mon, 25 Nov 2024 16:00:00 +1100

ASX 200 hits new records up 24 points to 8418 (0.3%). Some profit taking creeping in, but US Treasury appointment helping sentiment. Banks paused for breath with CBA up 0.7% and ANZ slipping 1.3% with the Big Bank Basket down to $264.99 (). Financials and insurers though better, SUN flat and ASX rallying 1.8%. REITs rallied hard on easing 10-year yields, GMG up 1.5% and SCG up 2.8%. Healthcare too in demand, CSL bouncing 1.7% with PME AGM providing a solid backdrop, up 2.7%. Industrials too stronger, WES up 1.9% and retail doing well, JBH up 0.4% and LOV rallying 2.4% on broker comments. Tech better, WTC up 0.8% and XRO up 0.9% with the All-Tech Index up %. Resources back in the doghouse as iron ore prices remain under pressure in Asia, RIO down 0.4% and base metals and lithium off too. PLS down another 3.8% with gold miners under the hammer too, NST off 1.6% and EVN down 1.0%. Oil and gas mixed and coal eased, WHC off 2.5%. In corporate news, some M&A activity in small caps with SWF agreeing to a revised BFG bid, BTH getting another bid, SGF getting a good NBIO from PEP. IPO CCL hit the bourse and fell 7.6% on debut. Good to see that code back! Nothing locally on the economic front, China kept one- year rates unchanged. Asian markets mixed, Japan up 1.5%, China down 0.5%, HK down 0.4%

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 25 November: ASX SPI up 52 | US markets lead the way

Mon, 25 Nov 2024 09:00:00 +1100

Wall Street closed out the week on a positive note with all three major indices booking weekly gains following strong PMI data. Small caps outperformed the large indices, the Russell 2000 rose 1.80% closing at a one-week high and finishing 4.3% higher for the week. Blue chips also performed well. The Dow added 426 points (+0.97%) closing near session highs. Up 454 points at best. S&P 500 rose 0.35% and the NASDAQ gained 0.16% despite losses in Alphabet down 1.6% adding onto Thursday's 4% drop following the DoJ’s argument that the company has monopolised online search. Nvidia too lost 3.2% in a choppy trading session. For the week, Dow +1.96%, S&P 500 +1.68%, and NASDAQ +1.73%. Business activity in the US hit a 31-month high in November, as S&P Global's Composite PMI rose to 55.3 from 54.1 in October, reflecting optimism over lower interest rates and pro-business measures by President-elect Trump. USD Index jumped 0.41%, Bitcoin is trading within striking distance of $100k, sitting at $99k, and US treasuries ended the session mixed, with the 10Y easing a touch.

ASX SPI up 52 - Gold in focus - AGMs continue

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 22 November: ASX up 71 for a 1.3% weekly gain | A2M creaming it

Fri, 22 Nov 2024 16:00:00 +1100

ASX 200 finished the week up 71 points at a new 8394 record. Up 1.3% for the week. All sectors firing with the banks pushing up yet again. CBA up another 1.8% and NAB up 1.3% with the Big Bank Basket at $265.19 (+1.4%). MQG up 1.0% and financials better, SOL up 1.0% and ASX up 1.4%. REITs firmed, GMG up 0.5% and SGP up 1.2%. Industrials solid as a rock, WES up 1.8% and TLS up 0.3% with CSL bouncing back again, PME doing what it does best up 3.4%. BXB another day in the green up 0.5% with retail finding support. Black Friday sales kicking off, JBH up 1.6% and LOV rebounding from early losses, up 1.4%. ALL fell 1.7% and LNW up 3.6%. Resources were slightly higher, BHP up 0.9% and FMG up 1.1%. Gold miners are better again as bullion rose on increased geo-political risk, NST up 1.9% and EVN up 1.0%. Lithium and rare earths remain in the "Chateau de Chien". PLS down 6.8% and LYC off 1.0%. Oil and gas stocks are in demand, WDS up 2.2% and uranium pushing higher, PDN up 5.9%. In corporate news, another 25 AGMs today, WTC fell 12.4% on a profit downgrade, and MP1 fell 9.5% after reaffirming its earnings outlook. KGN fell 2.7% on its earnings update. No significant economic updates locally. Asian markets mixed again, with Japan up 0.7% with China and HK down over 1%. 10Y yields steady at 4.55%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 22 November: US markets positive | AGMs in focus

Fri, 22 Nov 2024 08:00:00 +1100

The Dow gained 461.88 points, or 1.06%, to finish at 43,870.35. The S&P 500 added 0.53% to close at 5,948.71. The Nasdaq Composite eked out a 0.03% gain to end at 18,972.42.

Amazon slumped 2.2%, while Alphabet declined nearly 5%, falling for a second session on antitrust fears. Snowflake was one bright spot in the sector, popping nearly 33% after the company.

Bitcoin also hit a fresh milestone, hitting a fresh intraday all-time high.

ASX SPI up 74 Points – AGMs in focus – LOV – A2M - WTC

COMMODITIES

Gold climbs to over 1-week high on safe-haven demand.
Copper slips on uncertainties over China, Ukraine war, Trump policies.
Oil rises 2% on supply worries as Russia-Ukraine war escalates.
Resolute Mining's CEO and two executives released by Mali government.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 21 November: ASX closes flat after a busy AGM day | WBC the star

Thu, 21 Nov 2024 17:00:00 +1100

ASX 200 lost 3 points to 8323 in rudderless trade as AGMs dominated. Plenty of volatility underneath the surface. The banks as always in demand with WBC the star today, the Big Bank Basket rose to $261.54 (+0.2%). Financials were mixed, GQG cratered 19.3% on its exposure to the troubled Adani group as news emerged on charges in the US overnight. Insurers slightly firmer. REITs were mixed with GMG coming under a little pressure as details of the new data centre IPO DigiCo emerged, offering alternatives.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 21 November: US markets pause for Nvidia | Bitcoin hits records

Thu, 21 Nov 2024 09:00:00 +1100

US equities mixed in fairly quiet Wednesday trading, though ended near best levels.

Dow +0.32%, S&P 500 (0.00%), Nasdaq (0.11%), Russell 2000 +0.03%

Nvidia down 1% after hours on results

ASX SPI up 11 - 30 AGMs today - MIN the most interesting

COMMODITIES

Gold gains for third consecutive day on escalating Russia-Ukraine tensions.
Oil settles down on strong US supply, losses capped by Ukraine escalation.
Copper climbs in calmer markets, dollar caps gains
Exxon Mobil signs non-binding lithium supply deal with LG Chem.
Chile mining group SQM's net profit slips on lower lithium prices.
Dalian iron ore rises on resilient steel demand, China stimulus hopes.
Weak demand may prompt OPEC+ to stick with production cuts for longer than anticipated.
US crude, gasoline inventories rise, distillates draw down, EIA says.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 20 November: ASX closes down 48 points | Eyes on Nvidia

Wed, 20 Nov 2024 17:00:00 +1100

ASX 200 lost 48 points to 8326 (-0.6%) as nerves set in ahead of Nvidia and lack of follow-through from the move yesterday. Geo-politics weighing slightly as gains evaporated. Banks steady with WBC off 1.1% and the Big Bank Basket unchanged at $260.91. Insurers eased, MQG off 0.5% and NWL falling 3.3% on an update.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 20 November: US markets mixed | Nvidia in demand ahead of results

Wed, 20 Nov 2024 08:00:00 +1100

The Nasdaq popped 1.04% to finish at 18,987.47, while the S&P 500 gained 0.4% to end at 5,916.98. The Dow Jones Industrial Average dipped 120.66 points, or 0.28%, to settle at 43,268.94.

ASX SPI down 6. AMC in focus on huge merger deal. NCK warns on delays - Boss Energy, Charter Hall, Downer EDI, Mount Gibson Iron and Pacific Smiles all host AGMs.

COMMODITIES

Gold hits 1-week high as Russia-Ukraine tensions boost rush to safety.
Oil steadies as Sverdrup field restart counters geopolitical concerns.
Iron ore at one-week high on softer dollar, pre-holiday stocking.
Peru copper output edges down 1% in September.
Norway's Sverdrup oil output rises to two-thirds of capacity.
LME aluminium up as market adjusts to China's plan to end tax rebate.
LME lead stocks jump to highest level in 11-1/2 years after inflows.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 19 November: ASX up 74 points | TNE soars, banks solid

Tue, 19 Nov 2024 16:00:00 +1100

ASX 200 soared to new record highs before falling into the close, up 74 points to 8371 (+0.9%) as both the banking sector and the resources pushed ahead. The Big Bank Basket hit a new record up to $260.88 (+1.2%). CBA led the charge with a 1.7% gain and insurers also doing well. QBE up 1.4% and SUN rallying 2.1%. Other financials also in demand, PNI up 1.1% and HMC doing well rising 1.6%. SQ2 stands out again by up 6.3%. REITs too piling on the points, GMG up 1.1% and SCG rising 0.6%, 10Y yields falling to 4.57%. Industrials also in a good place, WES up 0.9% with WOW and COL recovering, QAN up 0.8% and SGH a star, up 3.2%. Retail recovered somewhat, JBH up 0.6% and PMV putting on 1.0% with LOV still under a little pressure. ALL up 1.6% though LNW down 2.5%. Tech rallied hard as WTC put on 2.4%, TNE soared 10.0% on better results, the All Tech Index up 2.7%. Even dull utilities were in demand, ORG up 1.0% and AGL up 0.9%. In resources, early weakness gave the buyers reasons to nibble a little, BHP down 0.1% and RIO down 0.4 % with gold stocks doing well on bullion rises, NST up 4.0% and NEM up 2.0% after a sale of a gold project. Oil and gas better, STO announced a shift in focus and rose 0.3%. Lithium stocks still on the nose with PLS down 5.2% and uranium stocks firm but unspectacular. In corporate news, SYA announced a merger with PLL, CLG had an NBIO from PE, KMD warned of tough times, and MIN company secretary is moving to a compliance and governance role. On the economic front, RBA minutes were released, current settings appropriate. Asian markets mixed again, Japan up 0.7%, HK rose 0.2% and China off 0.5%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 19 November: US markets mixed | Tesla up on Trump move

Tue, 19 Nov 2024 08:00:00 +1100

US equities finished mixed overnight, as the S&P 500 and NASDAQ gained 0.39% and 0.60% respectively recovering some losses ahead of Nvidia’s quarterly earnings on Wednesday. The Dow dipped 55 points in a range bound trading day. Up 61 points at best. Down 147 points at worst. The tech sector found buyers with Apple up 1.3%, Netflix up 2.8% and Tesla rose 5.6% on reports that Trump's team is exploring regulatory easing for self-driving cars. Market sentiment remains cautious following Powell’s comments on holding off rate cuts last week while attention has shifted to Trump's cabinet picks. US treasuries edged lower, 10Y yield off 2.4bps and the 2Y yield lost 1.9bps. USD Index fell 0.44% after hitting a more than one-year high last week, and Bitcoin topped $91k.

Consumer discretionary has rallied around 10% in November, making it the best-performing S&P 500 sector during the period. Tesla is up around 36% since the election!

ASX to inch higher. SPI Futures up 9 points (+0.11%).

WTI jumped 3.16% following news that production at Norways Johan Sverdrup oilfield had been halted adding to earlier gains from an escalation of the Russia-Ukraine war.
Gold up 1.89% following six consecutive days of losses after the USD’s rally halted.
Copper up 0.71% on a weaker USD, but gains were limited by uncertainty about US tariffs and China stimulus.
Lead surprised, rising 1.64% despite a 27% jump in LME inventories and aluminium dropped 1.69% on some profit-taking after rallying 5.54% on Friday following China’s announcement that it would cancel tax rebates for exports of aluminium.
Uranium up 0.61% and Iron ore gained 1.90%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 18 November: ASX up 15 to 8300 | Iron ore and uranium rally

Mon, 18 Nov 2024 16:00:00 +1100

ASX 200 recovered from a cautious start to close up 15 points to 8300 (+0.2%) as iron ore futures kicked back above $100. BHP up 0.7% and RIO rallying 2.2%. Resources generally were solid as uranium stocks glowed hot after moves by Russia to limit exports. PDN rose 5.5% DYL up 7.0% and BOE up 7.3%. Gold too rallied with NST up 2.5% and EVN rallying 2.6% on better commodity prices and Chinese stimulus hopes. MIN a standout up 5.8% with PLS dragging the chain in the lithium space down 2.2%. Oil and gas slightly firmer, WDS up 0.4% and coal doing well, WHC up 3.3% with NHC also 2.3% better. Banks were mixed, news on NAB being sued by ASIC and leaks over a regional levy didn’t help. CBA down 1.4% and NAB off 0.2% with the Big Bank Basket $257.88 (-0.8%). Insurers and financials were better again, MQG up 0.2% and SQ2 rising 1.9%. REITS mostly better, and industrials firmed. WES up 0.4% and ALL up 0.5%. Retailers a little subdued with LOV down 3.8% on a broker downgrade on store openings and CTD rising 2.3% on Conference pick. Healthcare was an interesting space with CSL down again as RFK Jnr appointment to US Department of Health would be sub optimal. Not a great lover of vaccines and looking to rip costs out of the system. Other biotechs feeling some pain as well. In corporate news, 360 fell 6.7% as the founder offloaded a parcel. NHC provided an upbeat guidance, CUV bounced 2.2% on a shift in business focus. RSG fell 5.6% after announcing a sort of settlement with the Mali government. ELD launched a rights issue and an acquisition, coupled with disappointing numbers. Nothing on the economic front, Goldman Sachs lowered its forecast for Australia’s economic growth in 2025, due to “negative spillovers” from the incoming Trump term. Asian markets mixed, Japan down 0.7%, HK up 0.9% and China rallying 1%. 10-year yields 4.60%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 18 November: US markets slip | Powell turns slightly hawkish

Mon, 18 Nov 2024 09:00:00 +1100

US equities sank Friday closing out the worst week in more than two months following Powell's announcement on Thursday stating the Fed wasn’t in a rush to cut rates. The Dow traded lower all session, falling 306 points (-0.70%). Down 400 points at worst. The S&P 500 and NASDAQ booked their biggest one-day loss in two weeks, falling 1.32% and 2.24% respectively. Small caps too were sold off, with Russell 2000 down 1.42% notching its fourth consecutive session of losses, while the VIX, better known as Wall Street’s fear gauge, jumped 14.09% hitting its highest levels since election day last week. For the week Dow -1.24%, S&P 500 -2.08%, and NASDAQ -3.15%. In economics, US retail sales rose 0.4% MonM in Oct-24, coming in higher than expectations of 0.3%. Stocks in pharmaceuticals and packaged food companies came under selling pressure with Moderna dropping 7.34% Pfizer down 4.69%, Monster Beverage off 7.08% and Keurig Dr Pepper losing 5.15%% after Trump said he would nominate Robert F Kennedy Jr to head the Department of Health and Human Services. Bitcoin jumped 4.85%, the USD Index continues to climb, Aussie dollar flat, and US treasuries pared earlier gains.

ASX SPI down 26 - ELD Reports - Bank Levy for some - 360 Founder sells down

Gold -0.24, falling 1.74% for the week as expectations of a less aggressive rate cut by the Fed lifted the USD denting bullion demand.
Aluminium rallied 5.54% after China announced it would cancel export tax rebates fuelling concerns that shipments abroad may be reduced.
Copper gained 0.20% after hitting a three-month low yesterday.
Base metals closed mixed. Nickel -0.74%, zinc +0.24%, lead -0.20%, and tin -0.97%.
Uranium performed well, jumping 4.29% after Russia imposed restrictions on exporting to the US, creating supply risks for US nuclear power plants.
Iron ore slumped 1.17% to its lowest level in nearly two months, weighed down by weakness in China’s property market and reduced seasonal steel demand.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 15 November: ASX finishes the week strongly

Fri, 15 Nov 2024 17:00:00 +1100

The ASX 200 has finished the week on a strong note, up 61 points or +0.7%. Down slightly for the week overall. All major eleven sectors finished in the green except for Healthcare after CSL and RMD both lost ground. Down 2.5% and 1.7%. Utilities were unusually the best-performing sector. ORG, APA and AGL all up around 2.4%. APA reaffirmed guidance, receiving broker upgrades on less regulation concerns. Resources took a small break from selling.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 15 November: Powell comments take Wall St down | SPI Futures up

Fri, 15 Nov 2024 09:00:00 +1100

US equities closed in the red overnight near session lows following hawkish comments from Fed Chair Powell dampening market hopes for another rate cut this year. The Dow lost 207 points (-0.47%). Up 123 points at best. Down 253 points at worst. The S&P 500 dropped 0.60% and the NASDAQ eased 0.64%. Powell notably said “The economy is not sending signals that the Fed needs to be in a hurry to lower interest rates” reiterating Fedspeak earlier this week calling for patience.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 14 November: ASX 200 gains 31 points | Banks bounce back

Thu, 14 Nov 2024 17:00:00 +1100

The ASX 200 has finished the day up 31 points or 0.4%. Giving up morning gains as Asian markets drifted lower before a late rally set in. Employment numbers did little to move the dial (held at 4.1% with 16k new jobs added). Banks bounced back from yesterday’s weakness while Resources continued to languish on no news from China. The big four gained between 1% and 2.2% while resources and the iron ore giants finished mostly lower.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 14 November: US markets flat post CPI | AGMs in focus

Thu, 14 Nov 2024 09:00:00 +1100

The S&P 500 inched higher by 0.02% to close at 5,985.38, while the 30-stock Dow ticked up 47.21 points, or 0.11%, to 43,958.19. The blue-chip index added as much as 230 points earlier on Wednesday. The Nasdaq Composite ended the day with a 0.26% decline and closed at 19,230.74.

ASX SPI up 29 - AGMs in Focus

WTI advanced 0.48% on short covering a day after hitting a two-week low on OPEC’s reduced demand forecast. Brent Crude +0.04%.
The US EIA raised its us global oil production forecasts expecting oil demand to grow about 1m bpd in 2024, up from 900k bpd.
Copper down 1.08% hitting a two-month low and has dropped ~7% since last week's US presidential election.
Base metals were mostly lower as the USD continued to rise, zinc the exception up 1.21%. Nickel -0.91%, aluminium -1.19%, lead -1.04%, and tin -1.92%.
Iron ore up 0.05% following a narrow trading session as markets weighed hopes of further stimulus support for China’s property market amid weaker credit lending data.
Gold lost 0.88% extending its losing streak to four consecutive sessions. Weighed down by a stronger dollar and higher long dated bond yields.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 13 November: ASX 200 drops 62 points | ANZ ex-dividend

Wed, 13 Nov 2024 16:00:00 +1100

ASX 200 recovered to close down only 62 points at 8193 (0.8%). Banks were under pressure with ANZ ex dividend down 4.0% with CBA down 0.4% and NAB off 1.3%. MQG dropped 1.4% with other financials easier. SWF jumped on news BFG has made an 22c offer. Insurers mixed, REITS saw seller back with SGP down 0.8% and SCG off 0.9%. Industrials eased back, WOW down 0.9% and WES falling 1.0%. TCL dropped 2.9% as ALL rose 2.6% on better earnings, retail gave back some of yesterday’s gains. JBH down 0.1% and HVN off 0.7%. Healthcare eased back, RMD off 1.4% and SHL down 0.9%. Resources continue to be battered by the rampant USD. BHP down 0.9% and RIO off 3.3%. FMG managed a small bounce, up 0.8%. Lithium stocks down again, MIN shutting Bald Hill and a class action launched fell 7.2%, LYC down 1.9% with gold miners slipping but no huge sell off. DEG up 0.7% and EVN off 1.3%. Uranium stocks bounced. PDN up 8.6% after the crater yesterday, BOE up 2.0% and oil and gas slid. WDS off 0.7%. In corporate news, JHX jumped 6.2% on earnings beating expectations. NXL dropped 22.2% on an underwhelming update, 360 down 7.4% on missed expectations, and SGR saw short seller covering on sale of PPT stake. In economic news, public sector wages increased faster than private sector pay for the first time in four years in September. Asian markets slightly weaker, Japan down 1.2%, China flat and HK down 0.6%. 10-year yields up to 4.67%. Dow Futures down 70 Nasdaq down 60.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 13 November: US markets take a pause | Yields jump

Wed, 13 Nov 2024 09:00:00 +1100

US equities took a breather overnight as treasury yields kicked higher, the USD hit a two-year high, and profit-taking following the post-election rally pressured markets lower. The Dow closed near session lows, off 382 points (0.86%). Up 113 points at best. Down 406 points at worst. The S&P 500 ended its biggest five-day rally in a year, finishing 0.29% lower and the NASDAQ edged 0.09% lower with Tesla losing 6.1% after an almost 45% rally. Small caps lost ground, with the Russell 2000 slipping 1.77% after closing at a three-year high on Monday. Treasury yields jumped overnight, the 2Y yield rose 8.8bps its largest one-day rise since early October, and the 10Y yield gained 11.7bps. Bitcoin approaches $90k level, up 1.82% and the Aussie dollar fell 0.64%. In Fed speak, Kashkari said monetary policy is “modestly restrictive” with borrowing costs slowing inflation and the economy but not by a lot. Barkin notes that the Fed funds rate is out of sync with the economic backdrop and needs recalibration.

ASX SPI Down 81 - CBA comes in at 1Q $2.5bn in line.

COMMODITIES

US oil industry urges Trump to ditch Biden climate policies.
Oil prices hold near 2-week low after OPEC cuts demand view, dollar rises.
Copper slides to two-month low on disquiet over Trump and China.
OPEC again cuts 2024, 2025 oil demand growth forecasts.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 12 November: ASX 200 drops 11 points | PDN stumbles

Wed, 13 Nov 2024 07:00:00 +1100

ASX 200 dropped another 11 points to 8256 (-0.1%) as the bifurcation between banks and resources continued. Resources again on the nose, BHP off 1.8% and RIO falling 1.6% with FMG holding up after yesterday’s drubbing. Gold miners also saw across the board selling as hot money left bullion and chased bitcoin towards US$90k. EVN down 3.5% with NEM off 4.6% and GMD down 1.3%. Lithium stocks perked up a little, PLS up 5.7% with MIN better by 1.9% too. Uranium was not a happy place as PDN announced production issues plaguing Langer Heinrich, the stock dropped 28.9%. Oil and gas steady. Banks were a little mixed, NAB ex-dividend today with ANZ up 1.3% ahead of its XD tomorrow. Insurers better, QBE up 0.4% and IAG up 1.3% with financial generally doing well. REITs better too, SGP +1.0%. Industrials also firmed with tech in demand, WTC up 1.8% and XRO up another 1.0%. The All-Tech Index rose 1.8%. Retail better too, JBH up 2.4% and SUL up 2.5%. In corporate news, ALL sold a US mobile gaming business, VUL announced funding from the German government up 12.7%, PTM saw a second strike and have allowed Wilsons in the data room. On the economic front, consumer sentiment has risen as inflation has fallen. Asian markets mixed as usual, with China down 0.1%, HK down 1.7% and Japan down 0.2%. 10Y yields steady around 4.56%. Dow Futures down 58 points. NASDAQ Futures flat.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 12 November: US markets continue to rally | Bitcoin hits US$87k

Tue, 12 Nov 2024 09:00:00 +1100

The Dow gained 304 points, or 0.69%, to 44,293.69. The Dow’s rise brought the index above 44,000 for the first time. The S&P 500 added 0.1% to end the day at 6,001.35 and also earned a record close by surpassing 6,000 for the first time. However, the Nasdaq Composite hovered near the flatline, up 0.06% to 19,298.76.

Tesla soared more than 9%, also adding to its postelection gain. But it was an exception among large technology stocks, with Apple slipping nearly 2%. Peers Microsoft and Amazon were roughly 1% lower each. Small caps advanced, with the Russell 2000 climbing 1.47%.

ASX to inch up. SPI Futures up 4 points (+0.05%). NAB Ex Dividend - Resources under pressure - CBA 1Q tomorrow.

COMMODITIES

Gold drops over 2% as dollar strengthens; investors await Fed policy cues.
Oil falls on Chinese stimulus disappointment, supply outlook.
Copper hits seven-week low on stronger dollar, weak Chinese credit data.
Chile's Codelco offers copper to Chinese clients at a premium of $89/t.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 11 November: ASX 200 falls 29 points | BHP, RIO, FMG smashed

Mon, 11 Nov 2024 16:00:00 +1100

ASX 200 fell 29 points to 8260 (-0.4%). Big iron ore miners were the target today as prices fell in Asia on stimulus disappointment. BHP off 4.1% and FMG down 7.3% with the Three Amigos trading at $179.22. Base metals and lithium stock on the nose too, S32 down 2.6% and PLS slipped 0.7%. MIN down 4.0% as pressure continues to build on the board. Gold miners steadied, NST Up 1.3% and NEM up 0.1%. GMD rose 4.0% on new drilling results. Oil and gas slipped slightly, STO down 0.9% and WDS off 0.2%. Coal eased and uranium stocks saw small losses. In the industrials, Tech did well, WTC up 2.2% and XRO rallying 1.7% as the All -Tech Index rose 0.8%. Healthcare too in the green as CSL rose 0.7% and RMD up 1.9%. WOW, COL followed EDV lowered on a trading update. Banks mixed, WBC lost 0.4% with NAB slightly firmer. The Big Bank Basket up to $253.92 (0.1%). Financials were slightly higher as were REITs bouncing back from last week’s sell off. In corporate news, RSG confirmed some of its executives had been detained in Mali. The stock lost 32.8%. HMC up 4.1% on plans to launch a $4bn IPO for data centres. SGP upgraded its outlook and moved 2.2% higher. Nothing on the economic front today. Asian markets lost ground, Japan unchanged, HK down 2.1% and China off 0.1%. 10-year yields pushed slightly higher to 4.57%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 11 November: US markets hit new records | Iron ore falls

Mon, 11 Nov 2024 09:00:00 +1100

Wall Street ended the week higher supported by solid consumer sentiment data and bets that Trump’s pro-growth agenda will fuel corporate America. The S&P 500 rose 0.38% hitting its 50th record high this year and breached over 6,000 during trade before ending the week 4.66% higher, its best weekly performance since November 2023. The Dow Jones ended 260 points higher (+0.59%) and traded over 44,000 for the first time supported by gains in Salesforce +3.60% after reports the company was hiring 1k workers to promote its AI Agentforce tool. Up 428 points at best. Meanwhile, the NASDAQ booked marginal gains and secured its fourth consecutive session win, up 0.09% ending the week up 5.74% its second-best week in 2024. Small caps Russell 2000 advanced 0.71% closing out the week up 8.51% its largest weekly percentage gain since April 2020. In economics, US consumer sentiment rose to a seven-month high of 73 in November, exceeding the forecast of 71. US treasuries mixed. On the longer end of the curve, the 10Y yield is down 2.7bps, while the 2Y yield gained 5.9bps.

ASX SPI down 36 - Iron Ore falls on new Chinese stimulus - IFL - SGP - NEM

COMMODITIES

Chile's Codelco copper production rises in September, Escondida dips.
Gold logs biggest weekly fall in over five months on dollar strength.
Oil settles down 2% on receding hurricane risk, lacklustre China stimulus.
Copper pulls back on disappointment over China's fiscal support.
Iron ore falls ahead of China unveiling fresh fiscal stimulus.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 8 November: ASX 200 up 69 | Banks rally to fresh highs

Fri, 08 Nov 2024 16:00:00 +1100

ASX 200 ended the week sprinting 69 points higher to 8295 (+0.8%). A good 2.2% rise for the week. It has been a momentous week, money being put to work in the ASX. Resources buoyed by China hopes. BHP, RIO and FMG all better despite iron ore in Singapore falling 2.6%. Gold miners recovered as bullion pushed up again, NST up 1.8% and NEM up 1.2%. Uranium stocks ran out of ‘oompf’ on Cameco production downgrade and oil and gas stocks eased. Lithium stocks mixed, PLS eased 1.0% with LTR up 2.5% despite the royalty ruling. Industrials and banks the driving force. Healthcare recovered, CSL up 0.7% and RMD up 1.1%. Tech better, WTC up another 1.8%, XRO rising 1.2% with the All-Tech Index up 1.0%. Retail better, JBH up 3.9% with PMV up 1.9% and DMP bouncing 1.3%. Travel stocks also finding friends, with FLT up 0.8% and CTD rising 2.5%. Banks were solid. CBA leading again up 1.4% with WBC, the Big Bank Basket up to $253.24 (+1.4%). Record highs. ANZ results were a little underwhelming but nothing either way, expect some modest downgrades, as we saw with NAB and WBC. MQG flat with other financials better. In corporate news, NEU jumped another 15.1% on strong US Daybue sales, REA up 0.3% on results, NWS off 2.1% on a revenue surge on Real Estate exposure. MYX rallied 15.1% on M&A hopes. Nothing on the economic front, apart from the Fed! Asian markets better, China heading for its best week in a month. Japan -0.1%, China down 0.5% and HK down 0.9%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 8 November: Fed cuts 25bps | S&P 500 and Nasdaq hit records

Fri, 08 Nov 2024 08:00:00 +1100

The S&P 500 gained 0.74% to close at a record high of 5,973.10. The Nasdaq Composite advanced 1.51% to reach 19,269.46 — its first close above 19,000. The Dow Jones Industrial Average was little changed, ticking down less than one point to 43,729.34. All three indexes hit intraday record highs during the session.

Fed cuts rates 25bps. Very calm press conference. Powell will not resign if asked.

ASX SPI up 100. Commodities bounce on USD falls and rate cut – ANZ cuts dividend.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 7 November: ASX 200 up 27 in late rally | NAB flat on results

Thu, 07 Nov 2024 16:00:00 +1100

ASX 200 rose 27 points with a late surge to 8226 (0.9%) in an interesting reaction to a soaring US market. Resources actually held up with BHP up 0.9% and FMG up 3.3%. Lithium stocks also better led by PLS up 3.4%. MIN up another 3.3% despite the ASIC inquiry becoming official. Gold stocks were in trouble as stop losses kicked in, NST down 6.3% with EVN off 6.5%. Oil and gas stocks marched ahead, WDS up 3.2% and STO up 2.4%. Uranium losses were modest. Banks firmed at the close, NAB flat on results, WBC down 2.3% as it went XD. The Big Bank Basket up to $249.81(%). Insurers popped higher, QBE at 4.8% and IAG up 2.8% on higher yields. MQG rallied 1.6% as US Investment banks soared on more M&A possibilities. REITs slid as yields rose. GMG dropped 2.4% despite broker upgrades. Healthcare eased, RMD down 2.2% and CSL off 0.8%. Industrials mixed as investors assess the landscape. WES off 0.1%, JBH down 0.9% and SVW up 2.7%. WTC slightly firmer, up 2.0%. The All-Tech Index up 0.9%. In corporate news, SIG got the right prescription from the ACCC on the Chemist Warehouse, rising 24.9%, NEC got hit with a protest vote and NHF was up 1.9% after a trading update. In economic news, RBA chief made some comments on tariffs having little effect on our economy. Chinese export data came in much better than forecast. Asian markets were little changed, HK up 1.2%, China up 0.7% and Japan down 0.3%. An uneasy calm. 10-year yields at 4.64%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 7 November: US markets soar on Trump 2.0 | NAB results

Thu, 07 Nov 2024 09:00:00 +1100

Wall Street rallied hard overnight reaching record highs after Trump secured the US presidency. All three major indices ended at record levels with markets expecting lower taxes, deregulation and a Trump that weighs in on everything from stocks to the USD. The Dow soared 1,508 points (+3.57%) ending near session highs. Up 1,557 points at best. The S&P 500 registered its one-day percentage gain since November 2022, jumping 2.53% notching its 48th record high this year. Financials were the top-performing sector pushing the S&P 500 Bank Index up 10.68%, its biggest daily jump in two years. The NASDAQ advanced 2.95% and the Russell 2000 rallied 5.84% hitting a three-year high as domestic stocks are seen to likely benefit from easier regulation, lower taxes and less exposure to import tariffs. Wall Street’s fear gauge the VIX plummeted 20.28% to a six-week low, trump trade Bitcoin gained 9.28% and the USD Index firmed 1.65%

ASX to rise. SPI Futures up 31 points (+0.38%).

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 6 November: Possible Trump victory | US Futures and Bitcoin leap

Wed, 06 Nov 2024 16:00:00 +1100

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 6 November: US markets rally on election day | GMG results

Wed, 06 Nov 2024 08:00:00 +1100

The S&P 500 rose solidly on Tuesday in a broad rally for stocks as traders awaited the results from a high-stakes U.S. presidential election.

The benchmark index gained 1.23% to close at 5,782.76. The Nasdaq Composite advanced 1.43% to 18,439.17. The Dow Jones Industrial Average climbed 427.28 points, or 1.02%, and settled at 42,221.88.

Banks, which would stand to benefit from deregulation under GOP control, were slightly higher.

ASX SPI up 61 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 5 November: ASX 200 down 33 in quiet trade | RBA leaves rates on hold

Tue, 05 Nov 2024 16:00:00 +1100

ASX 200 finishes down 33 points to 8132 (0.4%). Quiet trade on Cup day with the RBA leaving rates on hold as expected. Banks eased back slightly, CBA down 0.4% with WBC seeing some modest downgrades falling 1.5%. The BigBankBasket dropped to $ (). MQG still seeing selling off 1.8%. REITs mixed, GMG down 0.6% and CHCup 0.7%. Healthcare too coming under a little pressure, CSL off 0.8%, RMD down 0.2%. Industrials and tech eased back, TLS down 0.3% and REA down 1.3%. In resources, BHP and other iron ore stocks flat on better-than-expected Chinese data and hopes for more stimulus. PLS rose 1.7% with MIN up 4.1% bouncing after the drubbing yesterday. Gold miners slid, VAU down 2.6% and WGX down 2.5% ahead of election. Oil and gas stocks down despite a rise in crude with uranium stocks finding a little support. In corporate news, DMP updated the market with disappointing Japanese and French pizza sales, CEO Don Meij also set to retire, down 6.3%. LIC rose 7.7% as HMC took a stake. HVNwill have to wait until May to see what its fine is for misleading customers. On the economic front, Judo Bank Services PMI rose to 51.0 in October. Asian markets all positive, Japan up 1.3%, China up 2% and HK up 1.2%. 10-year yields 4.56%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 5 November: US markets slip | RBA and Melbourne Cup

Tue, 05 Nov 2024 08:00:00 +1100

Wall Street closed in the red overnight following a choppy day of trade as polls continue to show a tight race in the US presidential election. The Dow Jones traded lower all session, down 258 points (-0.61%). Down 405 points at worst. S&P 500 lost 0.28% as utilities and healthcare stocks dragged while energy stocks outperformed buoyed by a near 3% rise in crude oil prices. The NASDAQ fell 0.33% while small caps Russell 2000 rose 0.40% supported by falling bond yields. US 10Y yield fell 8.1bps after initially dropping over 10bps in volatile trade, and the 2Y yield dipped 4.2bps. Probability for a 25bps rate cut this week sitting at 98% according to CME FedWatch tool.

ASX to fall. SPI Futures off 34 points (-0.42%).

COMMODITIES

Oil jumps nearly 3% after OPEC+ delays output hike, US election in focus.
Weaker dollar propels copper to two-week peak.
Gold edges up as US election jitters, Fed policy meeting loom.
OPEC chief says there is too much pessimism around oil demand.
OPEC oil output rises in October as Libyan supply rebounds, survey finds.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 4 November: ASX rises 46 points | WBC results, MIN dumped

Mon, 04 Nov 2024 16:00:00 +1100

ASX 200 kicks 46 points higher to 8165 (+0.6%). Banks and industrials leading the charge higher. WBC rose 0.9% on a higher dividend and an extension of the buyback. CBA up 1.6% and the Big Bank Basket up to $246.72 (+1.3%). REITs slightly positive, SCG up 0.3% and tech and industrials better, WTC rallied another 2.6% on the calm, XRO up 1.4% and the All-Tech Index up 1.23%. QAN rallied another 1.5% with TCL rallying 2.1%. Healthcare better too, CSL up 1.7%. Resources were mixed, MIN fell 9.6% on the inquiry update that satisfied no one. Iron ore miners eased, BHP down 0.4% and RIO off 1.3% with gold miners slightly better, NST up 0.9% and WGX up 3.2%. Oil and gas stocks pretty flat and uranium stocks slid on lower spot prices, PDN down 3.3% and BOE falling 7.8%. In corporate news, TLX rose 3.5% on some reimbursement news, SGR fell 6.7% as a big line was traded at 20c. GPT reaffirmed guidance, FBU rose 1.5% on NZ Commerce Commission news. Nothing significant on the economic front, some ANZ jobs numbers with China, central banks and US elections the focus. Asian markets better with China up 0.5%, HK up 0.1%. Japan closed for Culture Day. 10Y yields continuing to rise to 4.56%. Dow Futures down 26 points. NASDAQ Futures up 75 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 4 November: Westpac reports $7bn NPAT | Election ahead

Mon, 04 Nov 2024 08:00:00 +1100

US equities rebounded from the previous day's sell-off led by Amazon’s 6.2% gain on strong results. Equity markets brushed off weak nonfarm payrolls data rising 12k last month, the smallest gain since December 2020, significantly below forecasts of 113k. S&P 500 advanced 0.41% halting its two-day rout and the NASDAQ rose 0.80%. The Dow added 289 points (+0.69%). Up 563 points at best. Nivida +2.0% will be added to the Dow Jones index replacing Intel +7.8% losing its spot after 25 years. For the week, Dow -0.15%, S&P 500 -1.37%, and NASDAQ off 1.50%. US treasury yields rebounded after initially tumbling on fresh economic data. 10Y yield jumped 10.1bps and the 2Y yield gained 4.2bps.

ASX SPI up 36 - WBC up dividend 6%.

Gold inched 0.38% lower pressured by a rising dollar and treasury yields.
Aluminium -0.84% was the only base metal to fall overnight, with producers selling forward to lock in higher prices.
Base metals higher supported by a weaker dollar making greenback prices metals cheaper for holders of foreign currencies. Copper +0.43%, nickel +1.40%, zinc +1.02%, lead +2.49%, and tin +2.0%.
WTI rose 0.33% on reports that Iran was preparing a retaliatory strike on Israel.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 1 November: Good afternoon rally | Iron ore positive

Fri, 01 Nov 2024 16:00:00 +1100

ASX 200 down only 41 points at 8119 (-0.5%) after a good afternoon rally on iron ore miners turning positive. Some slightly better Chinese data helping. BHP up 0.3% and RIO bouncing 1.7%. MIN also doing well up another 3.1%. Gold miners still a drift as bullion stumbles. NST down 0.9% and EVN off 2.1%. Uranium stocks steady and oil and gas better as crude rallies in Asian trade. WDS up 1.1% and STO up 0.7%. Banks were hit as MQG warned of increased competition after results underwhelmed. MQG off 3.6% and NAB falling 1.5% with the Big Bank Basket at $243.47 (-0.6%). Insurers slid and REITs also in the red, SCG off 1.4%. Industrials generally eased back, WES down 1.0% and XRO falling 0.9% with retail seeing some profit taking, JBH off 0.2% and PMV down 1.8%. In corporate news, AMC fell 4.3% despite reaffirming outlook and raising dividend. The probe into ANZ by ASIC has been expanded. On the economic front, economists are winding back hopes for a rate cut in early 2025. MQG reported a $1,6bn interim profit below expectations, talks a second-half bump and lifted its dividend to 240c. On the economic front, nothing locally, In China we had some better news on the Caixin PMI. Asian markets mixed again, with Japan off 1.7%, HK up 1.6% and China up 0.6%. 10Y yields pushing higher again, 4.55%. Dow Futures up 40 points. NASDAQ Futures up 57 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 1 November: US markets fall | Apple, Amazon, Intel after-hours

Fri, 01 Nov 2024 08:00:00 +1100

All three major US indexes finished in the red overnight led by tech stocks. Meta down 4.1% and Microsoft off 6.1% after both companies raised growing AI costs that could hit their earnings despite both companies beating earnings estimates. The Dow Jones traded in red all session finishing near session lows, down 378 points (-0.90%). Down 437 points at worst. The S&P 500 slid 1.86% wiping out the gauges advance for October halting its streak of monthly gains. The NASDAQ dropped 2.76% and small caps Russell 2000 lost 1.63%. Wall Street’s fear gauge the VIX jumped 13.81% and is primed for more volatility in the next few weeks from corporate earnings, the US election, followed by the FOMC meeting.

In economics, the US PCE price index rose 0.2% in September, aligning with expectations, after a 0.1% rise in August. Core PCE posted its highest monthly gain in five months at 0.3%. Personal spending rose 0.5%, exceeding the 0.4% forecast, demonstrating consumer resilience. Initial jobless claims fell by 12k to 216k for the week, beating the 230k forecast.

ASX SPI Down 52

COMMODITIES

Gold consolidates after record peak, set for fourth straight monthly rise.
Copper dips as uncertainty counters upbeat Chinese factory data.
Oil gains more than $2 after settlement on reports Iran preparing Israel attack.
Shell's $6bn profit smashes forecasts as LNG offsets weak refining.
Chevron CEO under pressure to halt share slide as Hess deal stalls.
US oil output hits monthly record high in August, agency says.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 31 October: Pre-election nerves creep in

Thu, 31 Oct 2024 16:00:00 +1100

ASX 200 closes down 20 points to 8160 (-0.3%) as some pre-election nerves creeping in. Banks were steady as results loom, NAB the standout up 0.9% with the Big Bank Basket at $244.82 (). Other financials drifted lower, ASX down 1.1% and SQ2 off 0.1%. REITs mixed, SGP up 0.2% and CHC off 0.4%. Industrials under a little pressure, COL down 0.6% on its trading update, WOW continues to struggle, off 2.8%. TLS fell 0.3% with QAN off 0.6% and TWE down 2.0%. Tech mixed, WTC continued to bounce up 2.5%. Retail bounced nicely on a JBH update, moving 5.3% higher. PMV gained 1.4% and LOV up 0.7%. Resources were weaker again, BHP and RIO down around 1% with FMG unchanged. Gold miners were mixed despite bullion price rises. Quarterlies in focus. Lithium slipped with PLS down 1.0% on broker research following results yesterday. Uranium stocks slightly better, PDN up 3.6% and BOE up 1.2%. In corporate news, MIN jumped 9.2% on news it had sold its oil and gas assets to Gina Rinehart. ORG up 1.4% on a dip in overall production. AGL fell 6.0% on a Barrenjoey report. BUB reaffirmed FY earnings forecast. In economic news, retail sales flat. but building approvals beat estimates. Asian markets mixed again, Japan down 0.9%, HK up 0.5%, China up 0.2%. 10-year yields higher again, 4.51%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 31 October: Microsoft and Meta report sound results

Thu, 31 Oct 2024 09:00:00 +1100

US equities end in the red following another round of corporate earnings and key economic data. The Dow Jones pared earlier gains and finished at session lows, down 92 points (-0.22%). Up 225 at best. The S&P 500 fell 0.33% and the NASDAQ slid 0.56%. Gaines in Alphabet +2.9% weren’t enough to offset losses in chipmakers with losses in Super Micro Computer -32.68% triggering a sell-off after the company announced that EY had resigned as the company’s accountant.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 30 October: ASX drops 69 points in a nasty sell-down

Wed, 30 Oct 2024 17:00:00 +1100

The ASX 200 has finished the day down 69 points or 0.8%. Selling set in from the open and continued all session long. The 11:30 inflation print did little to move the dial, showing a 0.2% rise in the September quarter and falling from 3.8% to 2.8% YonY. The smallest yearly rise since Q1 2021.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 30 October: Big Tech outperforms as Wall St finishes mixed

Wed, 30 Oct 2024 09:00:00 +1100

Wall Street closed mixed overnight. The NASDAQ hit a record high, gaining 0.78% propelled by gains in tech stocks. Alphabet jumped 5.18% in after-hours trade after topping Q3 revenue and earnings expectations. The Dow fell 155 points (-0.36%) as the market digests a bevy of corporate results. Up 104 points at best. Down 216 points at worst. The S&P 500 saw a mild gain, up 0.16% with all sectors apart from tech in the red.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 29 October: The ASX records another modest rise

Tue, 29 Oct 2024 17:00:00 +1100

ASX 200 closed up 28 points to 8249 (+0.3%) locking in its third consecutive day of gains. Consumer discretionary stocks took centre stage today with MYR falling 1.55% after initially rallying ~7% and PMV advanced 9.9% after the two companies announced they’ve entered a binding agreement to combine apparel brands.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 29 October: Modest rise for Wall St ahead of big earnings week

Tue, 29 Oct 2024 08:00:00 +1100

US equities kicked off the week on a positive note ahead of the busiest week of corporate earnings with 169 companies set to report this week. The Dow added 273 points (+0.65%), shrugging off losses in Boeing -2.8% after the company launched a stock offering that could raise up to $22bn.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 28 October: ASX 200 up 10 | WTC and MIN slightly better

Mon, 28 Oct 2024 16:00:00 +1100

ASX 200 closes up 10 points at 8222 as caution creeps in. Quarterlies causing some serious volatility but banks under a little pressure with the Big Bank Basket down to $245.14 and CBA off 0.8%. ANZ eased after some accounting changes, other financials also slipped slightly. ASX down 0.4% after its AGM, insurers slightly higher, SUN up 0.9%. REITS slid, GMG off 0.6% and SGP down 0.4%. Industrials a mixed bag of lollies. Tech better led by WTC up 0.9% and XRO up 2.5% with COL and WOW easier. TLS flat with CSL off 0.6%. Resources were slightly firmer. MIN finding some support after an update on the inquiry now due a week away. BHP, RIO and FMG rallied on iron ore prices bouncing in Singapore. PLS up 3.3% with LYC also doing ok. Gold miners were a sitting target for profit takers, NST fell 5.5%, EVN down 1.9% and NEM bouncing back slightly, up 2.6%. Uranium stocks saw short sellers resume, PDN were ditched post the quarterly and a Fission update, off 15.3%. BOE and DYL followed suit, coal better but oil and gas stocks eased after oil fell 4% on muted Israelis response. In corporate news, TPW fell 0.8% on slowing retail spending, MTS down 2.5% after extending a supply contract in QLD. Nothing significant locally on the economic front. Asian markets mixed again, Japan rose % on election result, China and HK down around 0.2%. 10-year yields higher at 4.48%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 28 October: US markets mixed | Big ten days to come

Mon, 28 Oct 2024 08:00:00 +1100

US equities ended mixed Friday as the Dow dropped 259 points (-0.61%), the NASDAQ rose 0.56%, and the S&P 500 remained flat. Financial stocks came under selling pressure amid concerns over New York Community Bancorp's weak guidance, causing its shares to fall 8.2%, with Bank of America and Wells Fargo also lower, down 1.8% and 1.4% respectively. Tech stocks, however, were buoyed by anticipation of earnings next week, with Microsoft, Alphabet, and Meta rising modestly. Telsa gained 3.34% building on its 22% rally the day before and Nvidia rose 0.8% overtaking Apple as the most valuable company. For the week only the NASDAQ saw a gain, rising 0.15%, Dow down 2.68% and the S&P 500 eased nearly 1%.

ASX SPI down 2.

COMMODITIES

Chile's Codelco suspends operations at copper refinery after worker's death.
Brazil seals $30bn compensation deal with BHP, Vale over 2015 dam collapse.
Rio Tinto signs MOU with China's Nanjing Steel on decarbonisation.
Gold firms as Mideast woes, election uncertainty lift prices.
Oil settles up, weekly gain 4% as investors weigh Middle East risk and US election.
Zinc slides as inventory arrivals ease supply fears.
Dalian iron ore climbs after 3-day slide, posts weekly gain.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 25 October: The ASX limps into the weekend

Fri, 25 Oct 2024 17:00:00 +1100

The ASX 200 limped into the weekend up only 5 points to 8211, closing out the week down 0.87%. Banks solid again with CBA up 0.4% and the Big Bank Basket at $246.82 (+0.3%). Insurers were mixed, REITs slid, SGP down 1.2% and GPT off 0.6%. Industrials also weaker, Defensive supermarkets sold off, WOW and COL off with WES down 2.5%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 25 October: Dow falls for fourth day | Tech rallies, Tesla jumps 22%

Fri, 25 Oct 2024 09:00:00 +1100

US equities ended mixed, with the S&P 500 and NASDAQ gaining 0.21% and 0.76%, buoyed by gains in Tesla rallying 21.9%, its biggest rally since May 2013, following strong earnings and bullish forecasts. The Dow lost 141 points (0.33%) posting its fourth consecutive day of losses, its longest losing streak since June. Up 8 points at best. Down 323 at worst. Small firms Russell 2000 ticked 0.23% higher, and the VIX eased 0.83%. US treasuries eased a touch. 10Y yield fell 3.4bps to 4.21%, and 2Y yield ended flat at 4.08%. USD Index fell 0.38% while Bitcoin kicked 2.47% higher. On the economic front, US unemployment claims fell by 15k, and the S&P Global US Composite PMI rose to 54.3 in Oct-24, signalling solid business activity growth at the start of the fourth quarter.

ASX SPI up 15 - Quarterlies and QAN.

COMMODITIES

Oil prices ease on possible new Middle East ceasefire talks.
Gold climbs on safety rush, supply threat bolsters palladium price.
Newmont forecasts flat 2025 production, sees costs at similar levels.
Biden administration approves ioneer's Nevada lithium mine.
Goldman Sachs raises 2025 aluminum, copper price outlook.
Global zinc market deficit widens in August, ILZSG says.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 24 October - The ASX Drops 10 Points Struggling off a Weak US Lead

Thu, 24 Oct 2024 17:00:00 +1100

The ASX 200 finished a quiet session down 10 points to 8206 (-0.1%) again rallying off early lows as banks were back in fashion. CBA up 1.2% with the Big Bank Basket up to $246.15 (+1.0%). Financials firmed, QBE bounced back up 0.6% and GMG up 0.3% although REITs flat generally. Healthcare was mixed as CSL bounced a little.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 24 October: US markets down again | Tesla up 10%

Thu, 24 Oct 2024 09:00:00 +1100

Both the S&P 500 and the Dow had their third straight day of losses this week.

The 30-stock Dow plunged 409.94 points, or 0.96%, ending the day’s session at 42,514.95. The S&P 500 lost 0.92%, closing at 5,797.42.

The Nasdaq Composite lost 1.6%, ending at 18,276.65.

Tesla up 10% after hours on better than expected results.

SPI down 16 - Quarterlies and AGMs dominate

COMMODITIES

Oil slips 1% on large build in US crude stocks; market watches Middle East.
Gold's record rally pauses due to stronger dollar, higher yields.
Aluminium climbs as raw material shortage triggers fund buying.
Newmont misses profit estimates on higher costs, weaker Nevada output.
BHP says claim it put profit over safety 'unjustified' in Brazilian dam collapse case.
US crude stockpiles jump as imports climb, gasoline builds as refineries ramp up, EIA says.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 23 October: ASX 200 finishes up 10 points in a quiet session

Wed, 23 Oct 2024 16:00:00 +1100

The ASX 200 finished a quiet session giving up early modest gains to close up 10 points at 8216. A mixed session, banks are holding firm with the Big Bank Basket up to $243.79 (+0.3%) with insurers easing as QBE fell 0.4% under an ASIC spotlight.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 23 October: US markets stabilise | Maccas in trouble

Wed, 23 Oct 2024 09:00:00 +1100

The S&P 500 ended the session lower by 0.05%, closing at 5,851.20. It was the broad market index's first back-to-back loss since early September. The 30-stock Dow slid 6.71 points, or 0.02%, ending at 42,924.89 and posting a second straight losing day. The Nasdaq Composite outperformed with a gain of 0.18% to 18,573.13.

McDonalds in Trouble with E - Coli outbreak

ASX SPI up 23 - Gold and Silver shine

COMMODITIES

Gold scales record peak as US election jitters drive safe-haven rush.
Oil rises as Middle East war rages and global supplies tighten.
Iron ore retreats as mounting concerns on weakening steel demand weigh.
Aluminium rallies on record high raw material prices.
Dam disaster deal should curb lawsuits against Vale and BHP, sources say.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 22 October: ASX falls 139 points as 10-year yields hit 4.43%

Tue, 22 Oct 2024 16:00:00 +1100

ASX 200 fell hard 139 points to 8206(1.7%) as selling hit all sectors. 10-year bond yields rose again, with interest rate-sensitive stocks suffering the most. The Big Bank Basket fell to $242.99 (-2.0%). CBA off 2.2% and NAB down 2.1%. REITS under pressure, GMG down 2.7% and SCG off 2.5%. Healthcare is suffering, CSL is down 2.9% and PME is dropping by 4.0%. Industrials were weaker across the board; retail fell despite better-than-expected consumer confidence numbers. JBH down 2.7% and SUL off 2.2%. ALL down 2.1% and LNW slipping again, off 2.0%. WES fell 2.3%. QAN remained in flight up 1.2% and tech stocks were mixed, WTC rose 2.8% as CEO issues subsided. Resources were a mixed bag of lollies. Iron ore stocks eased, BHP off 1.2% with FMG down 1.6% but some winners in the gold space, WGX up 0.9% and BGL rising 0.6%. MIN remain in the seller’s sights down 4.3% with energy stocks easier, PDN down 1.9% and WDS off 1.4%. In corporate news, AD8 disappointed with its trading update, falling 6.1%, VEA warned of softer retail conditions and TCL fell 1.6% despite guidance reaffirmed. On the economic front, consumer confidence rose. Asian markets were a little mixed, HK up 0.5%, China up 0.5% and Japan down 1.3%. 10-year yields rose again, up to 4.42%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 22 October: US markets nervous ahead of results | Yields jump

Tue, 22 Oct 2024 08:00:00 +1100

The Dow Jones Industrial Average fell Monday, giving back some of the strong gains from last week, as Treasury yields rose and investors awaited new earnings reports.

The S&P 500 slipped 0.18% to 5,853.98. The 30-stock Dow lost 344.31 points, or 0.8%, to close at 42,931.60 and snap a three-day run of winning sessions. The Nasdaq Composite was the outlier, rising 0.27% and ending at 18,540.01.

ASX to fall sharply. SPI Futures down 68 points (-0.81%).

COMMODITIES

Oil prices rise nearly 2%, recovers some of last week's 7% decline.
Gold pauses for breath as US yields, dollar move higher.
China rate cuts fuel copper's climb to one-week peak.
IEA sees surplus oil supply, weak China demand in 2025.
BHP trying to avoid responsibility over Brazilian dam collapse, UK court told.
Saudi Aramco CEO 'fairly bullish' on China oil demand.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 21 October: MIN and WTC fall hard | Gold miners hitting highs

Mon, 21 Oct 2024 16:00:00 +1100

ASX 200 jumped 61 points to 8344 (+0.7%) as resources back in vogue. China cut rates today, iron ore futures rallied slightly. BHP up 1.4% on Samarco update, RIO up 1.9% and FMG rallying 1.5%. Gold miners in demand again, NST up 1.9% and EVN shooting higher, up 5.2%. Lithium stocks also seeing short covering, PLS up 3.4% and MIN suffering badly on CEO and tax issue news, down 13.8%. Oil and gas stocks better with WDS up 1.3% and STO rallying 1.5% with uranium stocks glowing, BOE up 6.2% and PDN up 4.2%. Industrials firmed, WES up 1.4% and ALL up 1.5% with retail under some pressure, LOV down 6.4% and SUL off 1.5%. A slight recovery in Travel stocks, FLT up 0.6% and WEB rallying 2.1%. Banks were solid again with the Big Bank Basket up to $247.89 (0.8%). Insurers better, QBE up 1.2% and MQG doing well today. Healthcare and REITs also doing well. In corporate news, WTC dominated as the CEO issues spread from the front page to the business page. It fell hard by 14.6%. NCK warned on freight costs dropping 4.1%. Quarterlies continue to drop with S32 down 0.3% on manganese shortfall. Nothing locally on the economic front, China saw some rate cuts to prime lending rates. Asian markets mixed, HK down 0.6%, China up 0.9% and Japan up 0.3%. 10-year yields 4.28% easing slightly.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 21 October: Wall Street finishes higher, led by tech stocks

Mon, 21 Oct 2024 08:00:00 +1100

Wall Street finished last week higher, led by tech stocks following Netflix’s strong earnings report. The Dow rose 37 points (+0.09%) closing at a fresh record high, its fifth in the last six sessions. The S&P 500 chalked up a record close too, gaining 0.40%. However, gains were restrained by losses in the energy sector, bogged down by lower oil prices. Financial stocks also weighed with the S&P 500 Banks Index falling 0.1%, ending its five-day winning streak. The NASDAQ rose 0.63%, with Apple rising 1.2% on a sharp rise in new iPhone sales in China, and Nvidia gained 0.8% after BofA Global Research hiked its price target on the stock. Small caps Russell 2000 slid 0.21%, and the VIX eased 5.65%. For the week, Dow +0.96%, S&P 500 +0.85%, and NASDAQ +0.79% all comfortably secured a sixth straight weekly gain, their longest weekly winning streak since 2023.

ASX SPI up 44

COMMODITIES

BHP's Olympic Dam copper mine halted on power outages, severe electrical storms.
Oil prices fall, weekly 7% drop on China demand woes, mixed Mideast outlook.
Speculators cut US crude oil net longs-CFTC.
Global uncertainties drive gold above unprecedented $2,700/oz milestone.
Copper rises as China rolls out support for stock market.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 18 October: ASX 200 drops 73 points | Banks steady

Fri, 18 Oct 2024 16:00:00 +1100

ASX 200 closed down 73 points at 8264 (0.9%). A weak end to a good week. Resources under pressure again with the Big Three suffering despite iron ore better in Singapore. BHP off 2.2% and FMG slipping 1.9%. Lithium still in struggle street, PLS down 0.4% and MIN off 2.9%. Gold miners were a little mixed despite bullion rises, NEM up 0.8% but GMD down 0.9%. Oil and gas slid, WDS off 1.3% and uranium stocks saw profit taking after big rises yesterday, BOE down 3.0% and PDN off 4.1%. Industrials were also weaker, WES off 1.3% and tech down with WTC falling again, down 3.6% with XRO slipping 0.5%. The All-Tech Index fell %. REITs slid on higher bond yields. GMG down 2.3% and SCG down 1.9%. Banks steady again, CBA up 0.6% and the Big Bank Basket steady at $246.03 (+0.22%). In corporate news, FLT crashed landed down 20.4% on a trading update that was seen as vague. TLX rose 4.6% after announcing it would have another go at a US Nasdaq listing. Nothing on the economic front locally, Chinese GDP came in at 4.6% slightly better than expected. 10-year yields higher at 4.32%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 18 October: Dow hits record | Netflix up 4.8% on results

Fri, 18 Oct 2024 08:00:00 +1100

Wall Street ended mixed following stronger-than-expected retail sales data. The Dow gained 161 points, clocking its fourth-record close in the last five sessions. The S&P 500 eased 0.02%, paring earlier gains which saw the index touch a fresh record intraday high. The NASDAQ notched a 0.04% gain, while small caps Russell 2000 lost 0.25%. US retail sales rose 0.4% MonM in September, beating expectations of a 0.3% rise and significantly outpacing August’s 0.1% gain a sign consumer health remains resilient. US treasuries climbed on positive economic data. 10Y yield rose 7.7bps and 2Y yield gained 3.4bps. Market expectations the Fed needs to cut aggressively fell. The probability for a 25bps cut fell to 65.3% from 93.7% one day ago, and the likelihood the Fed holds rates steady jumped to 34.7% from 6.3% the previous day.

ASX to fall. SPI Futures down 27 points (-0.32%).

COMMODITIES

Dalian iron ore dives as China stimulus disappoints.
Oil prices edge higher on US crude stockpiles draw.
Gold hits record highs on US election uncertainty, more policy easing.
Copper at three-week low as funds switch to gold.
US crude, fuel inventories fall last week, EIA.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 17 October: ASX 200 up 71 | Uranium and gold shine

Thu, 17 Oct 2024 16:00:00 +1100

ASX 200 closed off highs after jobs number but still up 71 points to a new record close 8356. Banks and industrials leading us higher again. The Big Bank Basket up to $245.49 (+1.7%) as results (and dividends) beckon. CBA up 1.6% and MQG up 0.7%. Insurers did well on higher bond yields following robust job growth and unemployment at 4.1%. REITs also in demand. GMG up 1.7% and SCG firing 1.9% better., Industrials rose, WES up 1.6% with retail and travel up, FLT up 1.4% with JBH up 1.6% and DMP rising 2.1%. Tech was flat as WTC came in for some selling down 3.0% and XRO up 0.6% with the All-Tech Index flat. Resources were spotty. Iron ore stocks slid as Asian trade saw futures down 2% on latest Chinese moves to prop up housing, BHP fell 1.3% after a solid production report, RIO fell 1.8% and FMG off 2.7% . MIN dropped 3.8% with lithium going nowhere. Gold miners better with NST up 1.3% and GMD better by 5.9% on quarterly. Uranium stocks were glowing following Amazon’s move into nuclear power and Eric Sprott buying more DYL and BOE. Off highs as short covering waned. PDN rose 11.0% and DYL up 7.3%. Coal eased, and oil and gas flared. In corporate news, AMP had a great update and rose 17.1% with SGR rising 13.7% on a small fine and allowed to keep their licence for now. OFX fell 35.8% on a sub-optimal update. On the economic front, good jobs numbers snuffed out any hope of a rate cut for Xmas. Asian markets mixed with Japan flat, HK up 0.8% and China +0.1%. 10Y yields jumped to 4.24%, and the AUD firmed to 66.9c on data. Dow Futures -0.2%, and NASDAQ Futures off 0.3%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 17 October: Dow hits new record | Jobs data at 11.30am

Thu, 17 Oct 2024 09:00:00 +1100

US equities finished higher overnight with traders rotating out of mega caps and into smaller firms. Russell 2000 gained 1.64% and has hit its highest level in almost three years and the S&P Small Cap 600 gained 1.4%. The Dow closed at a record high for the third time in the last four sessions, up 337 points (+0.79%), ending above 43,000. Up 360 points at best. Down 48 points at worst. The S&P 500 closed just short of another record high, finishing up 0.47% buoyed by gains in financial stocks. Morgan Stanley rallied 6.5% after posting strong profits and a significant increase in investment banking revenue. The S&P 500 Banks Index gained 1.15%, and the KBW Nasdaq Regional Banking Index rose 1.54% supported by gains in First Horizon +4.1% and US Bancorp +4.7 following Q3 results. Tech-heavy NASDAQ managed to rise 0.28% despite losses in Apple -0.9%, Meta -1.6%, Alphabet -0.1%, and Microsoft -0.6%. Nvidia found buyers, advancing 3.1% recouping some of the 5% loss in the previous session.

ASX to jump on the opening bell. SPI Futures up 60 points (+0.72%).

COMMODITIES

'Age of electricity' to follow looming fossil fuel peak, IEA says.
Oil prices hold at 2-week low on lower oil demand growth forecasts.
Copper bounces from key technical level on China hopes.
Pullback in US yields spurs gold's march toward record peak.
Despite Mideast tensions, oil traders are still decidedly bearish on 2025 oil outlook.
Serbian protestors rally to oppose Rio Tinto's lithium mine project.
Barrick reports lower-than-expected preliminary gold output in third quarter.
Return of Libyan exports weighs on European crude market.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 16 October: ASX 200 falls 34 points | Gold shines

Wed, 16 Oct 2024 16:00:00 +1100

ASX 200 closed 34 points down at 8285 (-0.4%) as China steadied. Normal service has been resumed, Banks up and resources down. Lithium stocks were hit hard after some downgrades from Macquarie. PLS off 3.6% and MIN down 2.3%. Oil and gas mixed after WDS reported quarterly better than expected. Big iron ore fell a little after RIO -1.1% missed expectations on ore shipments, BHP down 1.1%, and FMG was unchanged. Gold miners were the superstars, EVN up 6.8% on a good quarterly report. NST up 1.8% and NEM up 2.6% with GMD rallying hard too. Banks were solid again, CBA up 0.4% and WBC up 0.6%. The Big Bank Basket rose to $241.39 (+0.5%). MQG slightly easier, insurers eased, QBE down 1.0% and SUN down 0.4%. Healthcare slid, CSL down 0.5% and RMD down 0.9%. PME fell 2.4% despite an order extension. Tech fell hard after US falls, XRO off 1.5% and WTC down 2.0%. The All-Tech Index down 1.3%. REITS solid with Telcos a little weaker. In corporate news, BOQ rose 6.5% on better-than-expected results, and CGF was down 4.6% after the guidance update. BBN up 2.4% after research upgrade, and ORA down 3.5% on a trading update on persistent soft volumes in Europe. Nothing on the economic front today. In Asian markets, Japan down 1.2% with China up 0.2% and HK up 0.9%. 10Y yields around 4.20%. Dow Futures down 18 points. NASDAQ Futures up 44 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 16 October: US markets slip on ASML falls

Wed, 16 Oct 2024 08:00:00 +1100

US equities ended lower near worst levels after Europe's most valuable chip company ASML -16% forecasted lower-than-expected 2025 sales, triggering a sell-off in the semiconductor sector. The Dow and S&P 500 fell from their record highs. Dow ended 325 points lower (-0.75%). Up 213 points. Down 362 points at worst. The S&P 500 slid 0.76% but held above 5,800, while small caps Russell 2000 finished just above flat line. The NASDAQ underperformed, off 1.01%, pressured by losses in Nvidia, down 4.7% after a media report from the Biden camp is considering capping AI chip exports by US companies. Philadelphia semiconductor index tumbled 5.28%, its biggest one day drop since early September. Earnings reports came in mixed, with some positive reactions from banks in contrast to losses in healthcare insurer stocks. US 10Y yield fell 6.3bps, the USD Index slipped 0.08%, and Bitcoin rose 1.12%.

ASX to fall. SPI Futures down 32 points (-0.38%).

COMMODITIES

Oil plunges 4% as Iran supply disruption concerns ease, demand outlook weakens.
Gold gains on lower yields, traders await more US data.
Copper hits three-week low on confusion over China stimulus.
IEA sees oil surplus looming, reassures on Iran supply risk.
China will launch platinum, palladium futures in Q1, producers' council says.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 15 October: ASX hits new record, up 66 | Banks and miners rally

Tue, 15 Oct 2024 16:00:00 +1100

ASX 200 continued its march higher today, up 66 points to a new record close of 8318 (+0.8%) as the banks and miners rose in lockstep. The Big Four were back in demand with the Basket up to $240.18 (+1.6%). MQG managed a 0.3% rise with other financials doing well too, ASX up 1.3% and NWL up 2.9%. REITS recovered after yesterday’s sell-off. GMG up 0.7% with SCG up 0.6%. Healthcare better too, CSL continuing higher up 0.6% with RMD up 0.9% and PME rising 2.0%. Industrials firmed, WTC and XRO better in the tech space, WES up 0.6% and TCL rising 2.0%. QAN up 2.0% with retail better, JBH up 1.3% and WEB recovering 1.6%. DMP warmed up nicely, up 1.8%. Resources firmed too, BHP up 0.5% with FMG leading the charge up 2.3%. Gold miners positive, BGL up 1.4% with GMD up 1.5%. Lithium stocks missed the memo, oil and gas too fell on OPEC forecasts. Uranium stocks in demand following Google embracing nuclear. PDN up 2.4% and DYL up 5.7%. In corporate news, TYR dropped like a rock on news that the government will ban POS charges on debit cards, down 11.0%. HUB rallied 2.7% on FUA news. ALD fell 2.3% despite its latest cost-cutting plan. IEL fell 7.4% on lousy AGM forecasts. In economic news, Short-term visitor arrivals gained 658,810, an increase of 9.2% on one year earlier. Asian market mixed again, with Japan up 1.0% with China and HK modestly lower. 10Y yields steady around 4.26%. Dow Futures up 52 points and NASDAQ Futures up 9 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 15 October: Momentum carries US markets higher

Tue, 15 Oct 2024 09:00:00 +1100

US equities kicked off the week on a positive note hitting fresh all-time highs in a fairly uneventful day of trade. The S&P 500 rose 0.77%, notching its 46th record high this year. The Dow also posted a record finish, up 201 points (+0.47%) to 43,065. Up 275 points at best. Down 157 points at worst. The NASDAQ advanced 0.87%, buoyed by gains in semiconductor stocks.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 14 October: ASX 200 up 38 points | Resources rally on China

Mon, 14 Oct 2024 16:00:00 +1100

ASX rallied 38 points to 8260 (0.5%) just a few points shy of a record close. Banks and resources in favour as US bank reports revive optimism, CBA up 0.9% and ANZ up 1.6% with the Big Bank Basket up $236.36 (+0.9%). MQG rallied 0.7% with insurers and other financials doing well, QBE up 1.1% and GQG up 0.4%. REITs a little weaker, GMG off 0.1% with healthcare doing well, CSL up 1.2% and RMD up 1.1%. Industrials mixed, WTC off 0.3% with the All-Tech Index down 0.3%. TPG fell 4.1% after selling its fibre business to Vocus for $5.25bn. Travel stocks twitched lower following a WEB downgrade and a 35.6% fall. FLT dropped 1.7% with CTD falling 3.7%. Retailers mixed. In resources, a better-than-expected Chinese market and a higher Iron ore price helped with BHP up 0.9% and FMG up 2.8%. Gold miners doing well, EVN up 2.8% and BGL kicking 4.4%. Lithium unmoved, PLS flat, oil and gas slipped, WDS down 2.1% and uranium stocks slightly firmer. In corporate news, SEK launched a bid for XF1, APX returned having raised $50m to trade % higher. In economic news, Goldman Sachs has upped Chinese GDP. Trade numbers yet to drop in China. Asian market mixed and volatile, China up 2.0% and HK up 0.2% with Japan closed for a holiday.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 14 October: US markets strong, China disappoints

Mon, 14 Oct 2024 09:00:00 +1100

US equities ended the week on a high note with the Dow rising 410 points (+0.97%) and the S&P 500 climbing 35 points (+0.61%) to hit record highs fuelled by strong financial sector performance after upbeat earnings from banks. The NASDAQ rose 0.33%, and small caps Russell 2000 outperformed rising over 2%. Financial stocks led the rally, with the S&P 500 Banks index jumping 4.2%, while the KBW regional bank index climbed 3.3% hitting its highest level since April 2022. For the week, the S&P 500 gained 1.11%, while the Dow climbed 1.21%, and the NASDAQ also rose 1.13%, marking the fifth consecutive weekly gain for all three indices. US final PPI was unchanged up 1.8% YonY, the smallest gain in 7 months reinforcing views of a favourable inflation outlook. Results support expectations of a 25bps rate cut by the Fed next month, with a 95.6% probability according to CME FedWatch.

ASS SPI up 46 - China disappoints over the weekend.

COMMODITIES

BP says weak refining margins to dent Q3 profit as fuel demand stalls.
Oil settles down on Florida fuel demand worries, Mideast risk drives weekly gains.
Libya's National Oil Corporation restores oil production to levels before c.bank crisis.
Gold extends gains over 1% as US PPI data solidifies rate cut hopes.
Aluminium rises on Guinea raw material supply concerns.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 11 October: ASX 200 falls 9 points | US banks report tonight

Fri, 11 Oct 2024 16:00:00 +1100

ASX 200 closed down 9 points on the day at 8215. Banks were mixed, ANZ up 0.2% with the Big Bank Basket flat at $234.17. Insurers and MQG rose slightly, REITs under some pressure on the higher bond yields. GMG is off 0.7% and GPT down 0.2%. Tech under pressure as WTC finally slipped 1.3% as CEO sold down again. Industrials drifted lower, retail off with JBH off 1.0%, SUL down 1.4%, and LNW slipping 2.4%. Healthcare better as CSL rose 0.6% with COH up 0.6%. Resources were again under some pressure ahead of the next Chinese stimulus announcement, BHP down 1.1%, FMG off 1.3% with lithium mixed. Gold miners were better led by EVN up 1.8% and GMD rising 2.0%. Oil and gas stocks better, WDS up 0.5% and STO up 0.6% with coal picking up slightly., In corporate news, quiet again, Tesla show left more questions than answers. DUB announced a cap raise and APX joined in with a $50m placement. Nothing on the economic front. Asian markets saw China down 1.8% ahead of MoF briefing tomorrow. Japan down 0.2%. Money flowing back to Japan. HK closed for a holiday. 10Y yields 4.23%. Dow Futures down 10 points. NASDAQ Futures up one point.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 11 October: US markets slip slightly on CPI | Tesla awaits

Fri, 11 Oct 2024 09:00:00 +1100

US equities came under pressure overnight following hotter-than-expected inflation data and a slowdown in the labour market raising bets that the Fed will opt for a smaller cut next month. The Dow Jones eased 58 points (-0.14%). Down 204 points at worst. S&P 500 took a breather coming down from yesterday's record high, off 0.21%, and the NASDAQ finished near flat, off 0.05%. Treasurys finished lower too. The 2Y yield, which is more sensitive to Fed policy expectations fell 6bps after it rose to 4.094% during trade, its highest since mid-August. 10Y slightly lower, down 0.06% after hitting a 10-week high of 4.12%. Aussie dollar up 0.34% to 67.40c, USD Index down 0.06%, and Bitcoin off 2.24%. WTI and Brent prices jumped over 4% before finishing up 3.53% and 3.21% following a spike in US fuel use before Hurricane Milton and signs demand for energy could grow in the US and China.

ASX to inch lower. SPI Futures down 3 points (-0.04%).

COMMODITIES

Oil prices jump 4% on US storm and Israel-Iran fears.
Gold extends gains as rate cut bets strengthen after US economic data.
Copper rebounds ahead of news on further China stimulus.
Stop Israel from bombing Iran's oil sites, Gulf states urge US.
Chile's Codelco copper production up 10% in August.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 10 October: ASX up 37 points | Resource rally

Thu, 10 Oct 2024 16:00:00 +1100

ASX 200 rose 36 points to 8223 (+0.4%), well off the early highs despite a rally in resources with Asian markets back in the green. BHP up 1.4%, RIO up 1.4% and FMG rallying hard up 4.0%. Lithium stocks in demand following the LTM bid, up 38.8%, PLS up 2.5% and MIN bouncing 6.8%. Gold miners slightly better in places, DEG up 1.1% and BGL up 6.3%. Oil and gas better too, WDS bouncing 0.7% and uranium stocks firmed. Banks were mixed but flat with the Big Bank Basket $234.70 (+0.2%). MQG rallied 0.8% and insurers were slightly higher, QBE up 2.5%. REITs are mainly positive, and industries are flat. Retails eased slightly, JBH down 0.5% and PMV off 0.4%. DMP continue to push higher, up 2.3%. Tech stagnant, and the All-Tech Index up slightly. In corporate news, LTM rose 38.8% on the RIO bid. GYG rose slightly on a trading update. PRN signed an extension with IGO and STO secured US$800m of loans for Darwin upgrade. NWL up 3.8% on a FUM update. Nothing on the economic front. Asian markets turned positive with iron ore, Japan up 0.3%, China up 3.0% and HK up 4.2% awaiting MoF briefing Saturday. 10Y yields higher at 4.22%. Dow Futures up 13 points. NASDAQ Futures down 6 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 10 October: Wall Street gains | Resources manage small bounce

Thu, 10 Oct 2024 09:00:00 +1100

Wall Street finished higher overnight ahead of inflation data tonight. The Dow Jones closed near session highs, up 432 points (+1.03%). Up 482 points at best. Down 87 points at worst. S&P 500 advanced 0.71% fast approaching 5,800 level, while hitting its 44th record high this year.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 9 October: ASX 200 closes up 11 | RIO bids for LTM

Wed, 09 Oct 2024 16:00:00 +1100

ASX 200 rose 11 points to 8187 as an early rally was snuffed out by weak Chinese markets. Banks good. Resources bad. The Big Bank Basket rose to $234.34 (+0.5%). CBA up 0.5% as a defensive play, Insurers better too, ASX rose 1.4% and SQ2 did well on a BNPL sector upgrade, up 4.4%. REITs mixed, GMG down 1.4% and SCG up 0.3%. Industrials firmed, TLS up 1.3% with REA up after AGM comments. Tech better, WTC up 1.5% and XRO pushing 1.5% ahead. The All-Tech Index up 1.8%. Retail and travel stocks better. FLT up 1.4% and PMV up 1.3% with ALL up 2.0%. WES, WOW and COL better by over 1%. Resources were in a world of pain. BHP dropped 1.1% with RIO down 2.3% and FMG off 1.6%. Lithium stocks suffered as the bears were back having a picnic in PLS off 5.0% and MIN having a double whammy hit, down 6.4%. Oil and gas fell hard, WDS down 3.0% and uranium stocks under a little pressure. In corporate news, RIO -2.3% to acquire LTM for US$5.85/share cash, APA rose 2.6% on pipeline relief from the regulator, MAC raised $140m to repay debt and on the economic front, our Kiwi brothers saw a 50bps rate cut. Asian markets were mixed, Japan up 0.3%, China falling hard down 5.0% and HK down 0.6%. Stimulus? What stimulus!. Dow Futures down 25 points. NASDAQ Futures down 50 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 9 October: US markets push higher | Oil drops hard

Wed, 09 Oct 2024 08:00:00 +1100

US equities bounced back overnight recovering the previous session's losses buoyed by gains in tech stocks. The Dow added 126 points (+0.030%). Up 174 points at best. Down 80 points at worst. The S&P 500 is up 0.97%, within striking distance of its all-time high, and the NASDAQ gained 1.45%. Chipmakers led gains, with Nivida up 4.0% extending its five-day rally to 14%. Small caps eked out a small gain, Russell 2000 up 0.09%, and Wall Streets volatility gauge, the VIX dropped 5.39% from its highest level since August. US treasuries were little changed. 10Y yield down 1bps and 2Y yield down 2.8bps. WTI and Brent crude fell over 4% each on news of a possible ceasefire between Hezbollah and Israel. Iron ore and Dalian down sharply, off 5.95% and 2.27%, after investors unwound long positions to lock in profits after stimulus measures from China missed expectations.

ASX to rebound. SPI Futures up 15 points (+0.18%). REA AGM today.

COMMODITIES

Iron ore rides a roller coaster as China stimulus-driven frenzy fades.
Oil falls over 5% intra-day amid uncertainty over Israeli retaliation and lackluster China stimulus.
Gold set for biggest drop in over a month as bets on large Fed rate cut recede.
Aluminium nears two-week low as energy prices drop.
EIA cuts US oil production for next year; now expects production to grow by just 320K bpd.
Mali says Barrick Gold owes $500m in taxes, fines.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 8 October: ASX 200 falls 29 points as China fails to fire up

Tue, 08 Oct 2024 16:00:00 +1100

ASX 200 reversed early gains on Chinese disappointment falling 29 to 8177 as resources stumbled and banks pushed higher. The Big Bank Basket rose to $233.26 (+0.3), Insurers were under pressure, QBE was down 2.4% on Hurricane exposure, and IAG was up 0.3%. Financials weaker, SOL down 0.6% and SQ2 off 1.7% with REITs under pressure. GMG the exception, up 0.6%. Industrials sidelined and weaker with XRO off 1.7% and WOW down 0.3%, travel stocks eased, FLT off 0.2%. WEB down 1.9% and GYG fell 2.6%. Resources saw a roller coaster today as Iron ore initially rose 3% plus in Singapore, only to shed gains and head lower with BHP succumbing down 2.4% and RIO off 0.2%. Lithium stocks fell hard, MIN down 4.0% and PLS down 3.2% as the shorts pounced. LTM off 2.5% as no details forthcoming. Oil and gas weaker in Asian trade, WDS off 1.3% and STO down 0.6%. Gold miners held firm. Uranium saw some fallout. In corporate news, slim pickings, IPL saw its CFO resign. NRW won a $360m mining contract with EVN. In economic news, RBA minutes see the board talking tough still. China came in underwhelming on latest stimulus pitch. Asian market very volatile still, HK off 5.1%, China up 5.2% and Japan down 1.5%. 10Y yields jump to 4.17%. Dow Futures down 30 points. NASDAQ Futures down 12 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 8 October: Wall Street sells off | Rate cuts pushed back

Tue, 08 Oct 2024 09:00:00 +1100

All three major US indexes finished in the red overnight as treasury yields rose while bets that the Fed will hold rate cuts steady at the next FOMC meeting jumped to 13.7% up from 2.6% just one day ago. The Dow Jones ended just off worst levels, off 399 points (-0.94%). Down 521 points at worst. S&P 500 eased 0.96% with also every major sector finishing in negative territory, energy stocks the exception. The NASDAQ fell over 1%, and the VIX jumped 17.86% hitting a two-month high.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 7 October: Banks, tech and resources lead

Mon, 07 Oct 2024 17:00:00 +1100

The ASX 200 finished the day up 55 points (0.7%) to 8205. Led by the Banks and Tech with Resources, Discretionary stocks and Energy also doing well. The CBA (+1.5%) had its best day in a month as the banks once again were bought on weakness. WBC, NAB and ANZ finished up between 1.2% and 1.9% despite bond yields jumping over the weekend.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 7 October: Dow Jones closes at record high

Mon, 07 Oct 2024 07:00:00 +1100

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 4 October: ASX 200 down 0.8% for the week | NFP tonight

Fri, 04 Oct 2024 16:00:00 +1000

ASX 200 slips 55 points to 8150 (0.7%) off lows as we head into a crucial weekend. US Jobs data and Middle East the focal points. Banks came off again, The Big Bank Basket fell to $228.95 (-1.5%). MQG off 0.7% with WBC off 1.9% and Insurers holding firm, REITs mixed, GMG off 1.9% with VCX up 0.9%. Industrials were mixed too, WES down 0.5%, ALL off 0.1% and TLS slipping 0.5%. Tech eased, WTC off 3.0% as Richard White became a dad again, XRO down 0.5% and the All -Tech Index off 0.7%. Retail eased, FLT off 1.7% and LOV down 2.3% with DMP up 2.2%. Resources took a serious breather, BHP off 1.7% with RIO down 1.9% and FMG falling 1.1%, gold miners better, GMD up 1.0% and DEG up 1.5% with VAU rising 1.6%. Lithium stocks finding sellers again, PLS down 3.2% with LTR off 3.9%. Oil and gas stocks rose as expected, WDS up 2.2% and KAR up 2.2%. In corporate news, pretty scarce, nothing on the economic front either. Asian markets better, HK up 2.1%, Japan up 0.3% with China still on Golden Week. 10-year yields rise to 4.07%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 4 October: US markets fall on Middle East | Oil up 5%

Fri, 04 Oct 2024 08:00:00 +1000

Stocks fell on Thursday as concerns over Middle East tensions kept investors on edge. NFP Friday.

The Dow Jones Industrial Average slid 184.93 pts or 0.44%, to end at 42,011.59. The S&P 500 lost 0.17% to close at 5,699.94. The Nasdaq Composite ended the day off 0.04% at 17,918.48 as a rally of more than 3% in Nvidia capped downside pressure.

Oil up 5% on Biden’s comments.

Friday’s nonfarm payrolls will show growth of 150,000, up from 142,000 in August. The unemployment rate is expected to hold steady at 4.2%.

ASX SPI down 27

COMMODITIES

Oil gains ~5% as Middle East conflict stokes supply concerns.
Gold holds steady as safe-haven demand counters stronger dollar.
Exxon Mobil signals fall in third-quarter upstream earnings.
IEA forecasts tight supply and record gas demand in 2025.
OPEC oil output drops in September on Libyan outage.
Libyan oilfields open now that central bank dispute resolved.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 3 October: ASX 200 up 7 in quiet range bound trade

Thu, 03 Oct 2024 16:00:00 +1000

ASX 200 rose 7 points in quiet range-bound trade to 8205 (+0.1%). Banks flat with the Big Bank Basket unchanged at $232.40; financials were slightly firmer as SOL rose 1.1% and ASX up 1.2%. Insurers eased back, QBE down 0.3% and REITs bounding ahead, GMG up 1.6% and SCG up 1.7%. Industrials drifted around, BXB up 0.5% and ALL down 0.6% with GYG under pressure on a broker downgrade. Retail stocks fell, PMV down 0.9% and LOV off 0.8%. IEL slid 2.9%. Resources were generally weaker, gold miners fell with EVN off 1.3%, NST down 1.0% and RMS down 2.3%. BHP bucked the trend up 0.7% with FMG easing back slightly. Lithium stocks were under pressure again, PLS saw a large block traded and fell 4.8% with LTR down 4.4% and IGO off 2.2%. MIN dropped 1.5%. Uranium stocks saw a little profit-taking. Coal down and oil and gas mixed, WDS up 0.6%. In corporate news, WBC completed the sale of its car loan book to RMC. ORG has abandoned its hydrogen plans. Apparently, a lot of hot air. In economic news, BoP numbers out. The IMF also passed judgment on the Federal government and said the rates may have to go higher whilst touting tax reform. Asian markets saw profit-taking in HK, China closed, and Japan +1.2% ahead as rates seem in limbo. 10Y yields steady at 3.99%. Dow Futures down 65 points and NASDAQ Futures down 60 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 3 October: US markets muted | Oil and gold pauses

Thu, 03 Oct 2024 08:00:00 +1000

The S&P 500 added 0.01% to 5,709.54, while the Nasdaq Composite rose 0.08% to 17,925.12. The Dow Jones Industrial Average added 39.55 points, or 0.09%, to finish at 42,196.52.

ADP data released Wednesday showed better-than-expected private payroll growth in September.

ASX to inch higher. SPI Futures up 3 points (+0.04%). On the calendar today, August trade numbers out at 11:30am. AFI, PRN, MIR, and ARB all hosting AGMs. ARB trading ex-dividend today.

COMMODITIES

US dockworker strike enters second day with talks at a standstill.
Gold rally cools as traders eye Mideast developments, US data.
Middle East conflict lifts oil prices despite large US crude build.
LME monitors tightness in aluminium market after spike in spread.
Copper climbs on hopes for more China stimulus.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 2 October: ASX 200 falls 11 as we wait for more from Israel

Wed, 02 Oct 2024 16:00:00 +1000

ASX 200 slipped 11 points to 8201 (0.1%) in quiet trade. Eyes on the Middle East. Hong Kong markets rallied sharply after the holiday. China still closed. Banks steady again, CBA up 0.6% with MQG off 1.0% and the Big Bank Basket up to $232.39 (0.3%). Insurers slightly better as REITS slid, SCG down 1.9% and SGP off 0.8%. Healthcare gave back some recent gains, CSL down 0.4% and RMD falling 1.7%. Industrials weaker, WES off 2.3% and WOW and COL in a hole too. Tech wrecked with WTC off 1.7% and XRO down 2.5%. Travel companies in trouble, FLT down 2.4% and QAN dropping 2.7% on Virgin news. LNW still under pressure. Retail also easier. LOV off 1.1%. Resources once again the place to be, BHP up 0.9% and the Three Amigos all doing well. Lithium stocks finding friends too, PLS up 0.6% and LTR up 2.6%. Gold miners in demand, EVN up 0.2% and NST up 0.7%. Uranium stocks also in demand as were oil and gas stocks. WDS up 3.1% and KAR up 7.5%. In corporate news, NAM looks to be done and dusted as LDC gained over 50% control. ANZ lost its court case. VVA posted a positive outlook statement. Nothing on the economic front. Asian markets mixed, HK back and flying. Property index up 15% and Japan down 1.9%. 10-year yields steady at 3.96%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 2 October: US market eases on Middle East tensions

Wed, 02 Oct 2024 08:00:00 +1000

The Dow Jones Industrial Average fell 173.18 points, or 0.41%, to 42,156.97. The S&P 500 pulled back 0.93% to 5,708.75, while the Nasdaq Composite lost 1.53% to finish at 17,910.36.

More than 3 out of every 5 S&P 500 stocks were lower in the session, highlighting the broad troubles for the market. The energy sector was up 2% on the Iranian attack.

Trading wasn't particularly active, with NYSE Composite volume running more than 61% of the past 30 days’ average, and Nasdaq Composite volume standing at about 77% of the past 30 days.

The JOLTS report showed that new positions rose to just over 8m, an increase of 329,000 from July and better than the Dow Jones estimate of 7.7m.

ASX SPI Futures up 2 points.

COMMODITIES

Oil prices rise 3% after Iran launches missiles at Israel.
Gold jumps over 1% on safe haven demand after Iran's attack on Israel.
OPEC+ unlikely to change output policy at Oct. 2 panel meeting.
Gold rally cripples physical demand in key markets.
Libya preparing to restart oil output as central bank crisis eases.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 1 October: ASX falls 61 points | Banks and iron ore under pressure

Tue, 01 Oct 2024 16:00:00 +1000

The ASX 200 started the quarter down 61 points to 8209 (-0.7%) as resources and banks fell back to earth. China closed for Golden Week. BHP fell 2.9% with FMG off 3.5% and RIO down 2.6%. Base metals also slipped a little, S32 down 2.7% but lithium held up better, PLS up 0.6%. LTR down 2.5% though. Gold miners saw profit-taking and rotation. GMD down 1.0% and DEG off 4.3%. Oil stocks saw small losses despite Asian crude picking up a little, uranium stocks also better surprisingly. DYL up 4.7% and PDN up 1.9% with coal stocks better. Banks were back in the firing line with CBA down 1.5% and the Big Bank Basket down to $231.81 (-1.3%). MQG dropped 1.7% with insurers too under pressure, QBE slipped 1.6% and SUN down 2.0%. Healthcare stocks were better, CSL up 0.7% and RMD up 1.5% on a five-year update. Industrials were a little weaker, ALL down 0.9%, LNW falling 2.8% with REA 4.9% better on news it had pulled out of the UK bid. Retail flat despite stronger than expected sales data. In corporate news, NAM up 8.5% on a revised winning bid from LDC. SIG rallied hard, up 22.6% on a Chemist Warehouse update from ACCC. On the economic front, retail sales and building approvals did little to move the market. Asian markets limited, Japan up 1.9%. 10-year yields picked up to 4.01%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 1 October: US markets stage late rally | China closed for a week

Tue, 01 Oct 2024 09:00:00 +1000

The S&P 500 rose to a record close on Monday, concluding a winning month and quarter. The Dow Jones Industrial Average gained 17.15 points, or 0.04%, to 42,330.15. The S&P 500 added 0.42% and closed at 5,762.48. Both indexes closed at records. The Nasdaq Composite advanced 0.38%, ending at 18,189.17.
A late rally for month end helped after Powell's comments that more interest rate decreases could be forthcoming, but cautioned that the central bank did not have a preset path. If the economy moves as expected, he said to expect two rate cuts of a quarter percentage point each this year.

“This is not a committee that feels like it’s in a hurry to cut rates quickly,” Powell said.

In the month, the Dow advanced 1.9%, and the tech-heavy Nasdaq gained 2.7%. The S&P 500 added 2%, notching its first positive September since 2019.

ASX SPI down 32

COMMODITIES

Oil slumps 17% in Q3 as Middle East conflict offset by slowing demand.
Copper takes top spot again as best prospect at LME Seminar.
Copper output at Freeport's Manyar smelter delayed until November.
Record run steers gold to best quarter in four years.
Goldman Sachs raises gold price forecast to $2,900/oz for early 2025.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 30 September: ASX hits new record, up 58 | Iron ore shines

Mon, 30 Sep 2024 16:00:00 +1000

ASX 200 finished up 58 points at 8270 (+0.7%). Nice tickle up at the close for month’s end. Another day and another resource rally, as Chinese markets once again soared. Japan slid with money going elsewhere as risk with new PM seems to be key. Banks held firm with CBA up 0.9% and NAB up 1.1% with REITs coming under a little pressure after early strength. The Big Bank Basket up to $234.94 (+0.8%). Insurers better, QBE up 0.9% and SUN up 0.4%. GMG were a standout out in the REITs up 3.0%. Industrials were mixed, tech was better, the All-Tech Index up 0.8%. WTC up 1.5% with XRO up 0.5%. Supermarkets slipped slightly after Macquarie stressed caution, WES down 0.4% and ALL up 0.7%. Resources saw the best gains as BHP ran 2.7% higher on a 10% rise in iron ore in Singapore ahead of Golden Week. RIO up 1.3% and FMG up 2.9% all off highs. Gold miners were sold off as money was put to work elsewhere. Lithium stocks in focus, MIN up 5.9% and PLS up 3.5% with LTR ahead by 2.6% on first shipment. Oil and gas stocks better too, WDS up 3.5% and STO up 2.6%. Uranium stocks eased and coal stocks better. In corporate news, PSQ rejected the Genesis bid and SM1 rallied 7.0% despite a huge loss. In economic news, Chinese PMI came out slightly worse than expected. Asian stocks saw a huge shift, Japan down 5% and China up 7.2% with HK up 3.5%. 10-year yields steady at 3.96%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 30 September: US markets mixed | Golden week beckons

Mon, 30 Sep 2024 08:00:00 +1000

Wall St finished the week mixed as traders overnight digested the two biggest news stories – US PCE inflation came in slightly below expectations and China unveiled further fiscal stimulus measures to reignite its struggling economy. Dow Jones up 138 points or 0.33%, NASDAQ down 0.39% and the S&P 500 down 0.13%. For the week, the Dow Jones gained 250 points, the S&P 500 rose 0.62% and the NASDAQ finished up 0.96%.

ASX SPI up 24

COMMODITIES

Iron ore logs over 10% weekly gain on China rate cuts, stimulus prospects.
Oil settles higher but falls on the week on firmer supply outlook.
Rate cuts set gold on track for best quarter in eight years.
About 24% of oil production shut in US Gulf of Mexico due to Hurricane Helene.
Mining industry struggles with valuation gap amid shift to copper.
Indian steelmaker group warns of rising Chinese imports after US tariffs.
Aluminium at 16-week high, driven by China's stimulus measures.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 27 September: Fresh record | Resources explode, banks down

Fri, 27 Sep 2024 16:00:00 +1000

Record high.

ASX 200 finished the week steady up 9 points to 8212 (0.1%) as banks fell and resources rallied. ASX 200 unchanged on the week. The Big Bank Basket fell to $233.34 (-0.7%) with NAB down 1.8% and WBC off 1.7%. Insurers eased, REITS eased back too with GMG down 1.1% and SCG off 1.1%. Industrials mixed, WES slipped 0.4%, WOW and COL flat, BXB fell 1.0% and TLS falling 0.8%. Healthcare remained in ICU, CSL down 2.1`% and RMD off 0.8%. Resources in demand as shorts continue to cover. MIN up 13.9%, BHP up 3.2% and the Three Amigos now trading at $192.29. Lithium stocks also in demand as shorts raced to pare back risk. PLS up 5.7% and IGO up 4.2%. Gold miners saw profit taking off a tad, NEM down 0.6% and WGX dropping 3.2%. DEG up 3.4% as media speculation on a takeover were quashed by the company. Oil and gas down on crude prices, WDS down 1.4% and uranium stocks picked up slightly, PDN up 2.5% with coal stocks doing well. In corporate news, SGR came back to trade and regretted it instantly, down 44.4% and EDV lost the CEO, NAM fell 0.7% as the ACCC said it still had issues with Olam Agri. In economic news, China cut its repo rate. Asian markets pushed up again despite negative Chinese data, Japan up 1.6%, China up 3.7% and HK up 2.6% for its best week since 1998. China was the best since 2008. 10-year yields dull and boring at 3.95%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 27 September: US markets rally | Resources race ahead

Fri, 27 Sep 2024 08:00:00 +1000

US stocks rose Thursday, with the S&P 500 hitting a new record, following the release of upbeat U.S. economic data. The broad market index climbed 0.40% to 5,745.37. The index posted a new all-time high during the session and a record close, lifted by gains in Micron Technology. The Nasdaq Composite added 0.60%, closing at 18,190.29. The Dow Jones Industrial Average advanced 260.36 points, or 0.62%, to end at 42,175.11.

Jobless claims fell more than expected, pointing to a steady labor market. Durable goods orders for August were unchanged versus economists’ expectations for a decline. Further, the final reading of second-quarter GDP was unrevised at a strong 3%.

ASX SPI up 19 - Resources in Focus

COMMODITIES

Silver hits 12-year high, chasing gold's record-breaking rally.
Copper breaks above key $10,000 mark after China unveils fiscal stimulus.
Iron ore extends gains to near $100/t after China pledges more stimulus.
Oil prices slide 3% on prospect of more OPEC+ oil.
About 25% of Gulf Of Mexico oil production shut in due to Hurricane Helene.
OPEC+ set to go ahead with Dec oil output hike.
World coffee, sugar prices surge as drought-hit Brazil awaits rains.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 26 September: ASX kicks 77 points higher with more Chinese stimulus

Thu, 26 Sep 2024 16:00:00 +1000

ASX 200 closed up 74 points to 8202 (+0.9%) as resources took off again and banks stabilised. More Chinese stimulus announced. Modest losses in the big four with CBA down 0.4% and WBC off 0.7% with the Big Bank Basket at $235.04 (-0.3%). MQG ran 1.8% higher to a new record, Insurers better too, QBE up 0.5% and MPL up 1.7%. REITs also in demand with GMG up 0.5% and SCG rising 1.6%. Industrials were firm across the board, QAN took off another 2.1% with ALL 2.8% better. WES rose 1.5% as WOW and COL also rose today. Tech was strong with WTC up 2.8% and XRO a more modest 0.3%. The All-Tech Index up 2.0%. Resources once again found buyers, BHP, RIO and FMG all doing well after a slow start. FMG up 2.9% the best of the three. Lithium stocks making small headway, PLS up 1.4% and MIN flying again up 4.5%. Gold miners better too, EVN up 2.7% and NST rallying 0.6% with uranium stocks glowing red hot, PDN up 7.6% and BOE up 5.4%. LYC continued to impress running 1.7% higher. Oil and gas a sullen place today with WDS down 2.7% and STO off 2.3%. Coal stocks better again. In corporate news, PTM knocked back the RPL bid officially, SOL and BKW reported and saw an increase in dividend for SOL again. LLC got the nod from the ACCC, SGR revealed it had fallen to a $1.7bn loss. In economic news, job vacancies are falling as the RBA wishes. Asian markets firmed on fresh Chinese stimulus. Japan up 2.7%, HK up 3.1% and China up 2.5%. 10Y yields steady at 3.95%. Dow Futures up 145 points (+0.3%) and NASDAQ Futures up 241 points (+1.2%).

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 26 September: US markets mixed | SOL earnings

Thu, 26 Sep 2024 08:00:00 +1000

The Dow Jones lost 293 points (-0.70%) and the S&P 500 retreated 0.19% pulling back from recent record highs. The NASDAQ eked out a small 0.04% gain, while small caps underperformed, Russell 2000 falling 1.19%. Meta unveiled Orion, its first augmented reality glasses prototype and the market responded positively, shares rose 0.9% closing at a record high. Losses in Amgen -5.45% weighed on the Dow after the company reported mixed data on two drugs raising concerns over heightened competition. US treasuries rose across the board. 10Y yield rose 5.9bps and has advanced in five of the last seven sessions, while the 2Y yield gained 2.1bps. USD Index up 0.46%, AUD flat, and Bitcoin slid 0.90%. The probability of a 50bps cut a the next FOMC meeting at 59.2% according to CME FedWatch.

ASX to rise. SPI Futures up 17 points (+0.21%)

COMMODITIES

US Steel says arbitration board rules in favour of Nippon Steel's $14.9bn buyout deal.
Copper steadies after hitting 10-week high.
Gold smashes record peaks propelled by rate-cut momentum.
US oil inventories fall more than forecast, crude at 2-1/2-year low, EIA says.
Oil falls on easing Libya supply concerns, lingering China demand worries.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 25 September: ASX 200 drops 16 | Resource rally continues

Wed, 25 Sep 2024 16:00:00 +1000

ASX 200 drifted 16 points lower to 8126 (0.2%) as the ‘Great Rotation’ continues with banks weaker and resources pulling away. BHP up 3.8% with RIO up 3.8% and MIN rising 5.4%. Base metals also in demand, S32 up 3.0% and LYC up 4.3% with lithium stocks slightly higher. Gold miners are also in demand as records tumble, NST up 0.8%, and EVN up 1.8%. Oil and gas mixed, coal stocks better led by WHC up 3.6% and uranium stocks taking a break. Banks eased, the Big Bank Basket fell to $235.70 (-2.0%). CBA down 2.3% and NAB off 2.7% with MQG down 2.2% after a fine for electricity trades. Insurers slid, QBE down 1.6% with REITs steady, GMG up 0.1%. Healthcare fell, CSL down 0.3% and RMD falling 2.2% with PME under pressure off 4.0%. Tech slipped, the All-Tech Index fell 1.5% with WTC down 1.2% and XRO off 1.2%. ALL fell 3.0% as LNW unchanged after it rallied hard off lows. In corporate news, PMV fell 9.1% after putting its ‘Smiggle’ on ice, MYR deal still live. SIG released results and yet another ACCC delay on Chemist Warehouse listing. In economic news, CPI dropped to 2.7%, monthly numbers though. China cut another short-term rate. Asian markets firmed again, Japan up 0.4%, China up 2% and HK up 1.6%. 10-year yields at 3.90%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 25 September: US markets slightly higher | Resource rally

Wed, 25 Sep 2024 09:00:00 +1000

S&P 500 rose 0.25%, closing the session with its 41st record close for the year. The Dow too notched a record close, up 84 points (+0.20%). Up 156 points at best. Down 68 points at worst. NASDAQ advanced 0.56%, while mega-cap tech stocks were mixed. Nvidia jumped 4.0%, while Microsoft and Meta eased 1.0% and 0.2% respectively. Markets shrugged off US consumer confidence data, despite falling to 98.7 in September dropping the most in three years from an upwardly revised 105.6 in August. Treasury yields slipped in choppy trading. 2Y yield fell 4.7bps pressured by a 2Y auction, and the 10Y yield fell 1.9bps to 3.732%. Steep Yuan inflows have pushed the Chinese Yuan to hit a 16-month high, resulting in broad USD selling USD Index down 0.48%, while also propping up HK +4.13% and Chinese +4.15% equity markets.

ASX to rise. SPI Futures up 25 points (+0.30%). On the calendar today, Australian CPI data at 11:30am. AGL and RED hosting AGM's. SIG, SOL and PMV releasing earnings reports and CWP, IMD and NCK are trading ex-dividend today.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 24 September: ASX 200 up 11 | RBA leaves rates on hold

Tue, 24 Sep 2024 16:00:00 +1000

ASX 200 fell 11 points to 8142 (-0.1%) on a big day of divergence. The great rotation kicked in with resources doing very well following the PBoC firing its 'bazooka' and the banks fell after the RBA held rates unchanged for the same reason as last time. The Big Bank Basket fell to $240.49 (-2.8%) as CBA dropped 3.0% and NAB fell 3.0%. Other financials held, with MQG up 0.9% and CGF up 1.3%. Insurers eased back slightly, SUN down 1.5%. REITs steady as GMG rose 1.1% and SGP up 1.0%. Industrials were mixed again, WOW and COL on the nose, falling around 3% on ACCC concerns. WES off 0.7% and ALL rallied 2.1% as LNW fell 18.4% on a Nevada court ruling. Tech mixed, the All Tech Index up 0.4%. QAN up 1.0% heading for an all-time high! It was a better picture in resources, following the PBoC move, BHP rallied 3.3% with RIO up 3.7% and FMG trailing up only 1.8%. Lithium miners were squeezed higher, PLS up 4.7% and MIN up 6.5%. S32 had a good day up 4.1% with BSL up 1.2%. Gold miners were weaker, EVN up 1.4% the exception. Uranium stocks glowing again today as shorts continue to cover on Microsoft’s move to shore up power. DYL up 10.6% and PDN up 10.1%. Oil and gas pushed slightly higher. In corporate news, CTT had their accounts signed off by the auditor and raced 79% ahead! In economic news, RBA and PBoC hogged the limelight. Asian markets firmed, Japan up 0.5%, HK up 3.5% and China up 3.8%. 10Y yields steady at 3.90% on RBA.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 24 September: US markets push higher in quiet trade | RBA in focus

Tue, 24 Sep 2024 08:00:00 +1000

The S&P 500 climbed to a fresh closing high on Monday as traders looked to build on last week’s gains following the Federal Reserve’s interest rate cut.

The broad market index added 0.28% to end at 5,718.57, while the Dow Jones Industrial Average gained 61.29 points, or 0.15%, to close at 42,124.65. Both indexes closed at records. The Nasdaq Composite ticked up 0.14% to 17,974.27.

ASX to ease a touch. SPI Futures down 9 points (-0.11%).

COMMODITIES

FTC set to greenlight Chevron's $53bn buy of oil rival Hess, sources say.
Crude oil prices sink as Iran's new president says he is prepared to ease tensions with Israel.
Oil settles lower on weak euro zone business activity.
Aluminium steadies after touching 10-day low.
Gold strikes record high as Fed rate cut maintains bullish mood.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 23 September: ASX 200 closes down 57 | China cuts short term rates

Mon, 23 Sep 2024 16:00:00 +1000

ASX 200 finished down 57 points to 8153 (-0.7%) despite hopes for Chinese stimulus and better US and European futures markets. Banks eased back led by CBA down 1.5% and the Big Bank Basket down 0.9%. Other financials mixed, ASX up 0.4% and CGF gaining 0.6%. REITs fell across the board, GMG down 1.5% and SCG off 1.9%. Industrials fell after the ACCC announced it would be looking into WOW, down 3.4%, and COL, off 3.3%, for their pricing policies. WES caught up in the same inquiry falling 1.7%. Retail slipped slightly, PMV down 1.3% and SUL off 2.2% with JBH falling 2.0%. WEB fell 10.7% as it went ex-entitlement. FLT off 2.0% and DMP dropped 1.3%. Telcos eased, tech mixed with the All-Tech Index flat. Resources were mixed, iron ore down again as Singapore futures fell, BHP down 1.3% and RIO off 0.6%. Gold miners better on the bullion price, NST up 0.2% and NEM up 1.6% with oil and gas stocks slightly better outdone by uranium stocks that saw short covering again on Microsoft’s embrace of Three Mile Island. In corporate news, ASB rose 2.4% after yet another contract from the US Navy. TLX rose 1.9% on a large US acquisition, HLS rose 7.5% on its sale of Lumus Imaging. FBU in a trading halt on a large capital raising. REA made another offer for Rightmove in the UK. Nothing on the economic front. Asian markets better on hoped-for Chinese stimulus, with HK up 0.2% and China up 0.4%. Japan closed for a holiday. 10Y yields rising to 3.97%. AUD heading towards 2024 high. Dow Futures up 54 points. NASDAQ Futures up 70 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 23 September: US markets mixed | SPI down 68

Mon, 23 Sep 2024 08:00:00 +1000

Wall Street finished mixed Friday, following the previous day’s rally fuelled by the Fed’s upsized interest-rate cut. The Dow nudged higher by 38 points (+0.09%) reaching a record thanks to Nike's gains (+6.84%), while the S&P 500 fell 0.19% and the Nasdaq eased 0.36%. For the week, the S&P gained 1.36%, the Nasdaq 1.49%, and the Dow 1.62%. The session was marked by high trading volume due to "triple witching," with approximately $5.1 trillion in derivatives expiring. Fed commentary reflected divergent views. Waller suggested a willingness for another 50bps cut if economic conditions deteriorate, while Bowman maintained a hawkish stance and warned against premature policy shifts in light of persistent inflation pressures.

ASX SPI down 68.

COMMODITIES

Nippon Steel to sell $211m in assets to manage debt amid U.S. Steel deal.
US to award $3bn to 25 projects for battery manufacturing sector.
Gold breaks $2,600 barrier as Fed cut bets prolong historic run.
Copper pulls back from two-month peak on firm dollar.
Oil ends week higher as investors take stock of Fed rate cuts.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 20 September: ASX 200 gives up strong gains but still a record

Fri, 20 Sep 2024 17:00:00 +1000

ASX 200 wilted after a great start to close up only 18 points at 8210, unable to hold on to earlier big gains. Triple witching and index rebalancing in US tonight. Banks remained solid with the Big Bank Basket at $249.63 (+0.5%). MQG slid from record highs, and SUN eased 1.3%. REIT's mixed, GMG down 0.6% and SGP up 0.4%. Industrials were mostly firm with WES up 1.5% and retailers doing well, JBH up 1.4% and LOV up 3.2%. Travel and pizza back in fashion (when did they ever go out of fashion?), FLT up 2.2% and DMP up 4.0%. Healthcare in casualty, CSL down 0.3% and SHL continuing to suffer, down 2.2%. Resources promised so much this morning, and yet delivered so little. Iron ore stocks gave up early gains despite futures in Singapore rising, China left rates unchanged which disappointed some. Lithium stocks slipped into depression again, PLS down 3.1% and MIN off 2.9%. Gold miners mixed bag of lollies, NST up 1.3% but NEM off 0.5%. Energy stocks mixed, oils doing ok, WDS up 0.7% but uranium stocks seeing a little fallout after a solid week. In corporate news, MYR lost 0.6% on a trading and strategy update, HVN being sued again, KLS rose 1.5% on a US contract and NAM recommended the Olam Agri bid. LTM looking at exiting Australia! Nothing on the local economic front. BoJ and PBoC kept rates unchanged. Asian markets mixed again, Japan up 1.0%, HK up 0.9% and China off 0.6%. 10-year yields steady at 3.92%. Dow Futures off 0.1% and NASDAQ Futures down 0.2%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 20 September: US markets celebrate rate cut | New record highs

Fri, 20 Sep 2024 08:00:00 +1000

The Dow advanced 522.09 points, or 1.26%, ending at 42,025.19, marking its first close above the 42,000 threshold. The S&P 500 rose 1.7% to close at 5,713.64, topping 5,700 for the first time. The Nasdaq Composite surged 2.51% to end at 18,013.98.

ASX to rise. SPI Futures up 31 points (+0.38%).

COMMODITIES

Biden administration nears approval for ioneer's Nevada lithium mine.
Saudi Arabia's crude oil exports in July hit almost one-year low.
Oil ends more than 1% higher on US rate cut, declining crude stockpiles.
Gold gains over 1% as Fed begins deeper rate-cut cycle.
Copper hits two-month high after Fed's bold rate cut.
Iron ore climbs on China stimulus hopes, softer stockpiles.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 19 September: ASX 200 hits new record, up 0.6%

Thu, 19 Sep 2024 16:00:00 +1000

ASX 200 closed up 50 points to a new record high of 8192 (+0.6%) on SPI expiry day. Some wobbles post job numbers were quashed by buyers stepping back in for banks and now resources too. The Big Bank Basket hit fresh highs of $248.39 (+0.5%). CBA up 0.5% and ANZ playing some catch-up, rising 1.1%. MQG rose 1.0% with other financials doing alright. SOL up 1.0% and ZIP up 9.2% on cheaper money and happier customers. REITs also bounced, GMG up 1.5% and SCG up 2.4% with healthcare under some pressure still. RMD fell 2.5% on a US broker downgrade citing GLP-1 threats. COH down 1.5% and SHL drifting 1.3% lower. Industrials were mixed, TCL down 1.9%, BXB fell 0.7% and WES off 0.7%. Tech mixed with the All-Tech Index unchanged. Resources joined the party today. Morgan Stanley upgraded the 'Three Amigos', all rose with RIO up 3.5% and BHP up 2.6%. Lithium shares also in demand, PLS up 2.1% and MIN up 1.9% with uranium stocks in focus, DYL up 6.1% and PDN rallying 8.1%. Gold miners were mixed, coal stocks better again, WHC up 1.2% and NHC 2.2% higher. In corporate news, ALQ fell 8.6% on a trading update, MND rose 2.0% on a new $230m contract, SGM rose 12.4% on a trading update, and ORI blasted ahead 1.3% after upgrading expectations. Asian markets firmed on Fed news, Japan up 2.0%, China up 0.5% and HK up 1.9%. 10Y yields rose to 3.93%. European markets bouncing back. FTSE showing up 0.8%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 19 September: Fed cuts by 50bps | US markets fall

Thu, 19 Sep 2024 09:00:00 +1000

The Dow Jones Industrial Average slid 103.08 points, or 0.25%, to end the day at 41,503.10. It was up as much as 375.79 points just after the Fed decision.

The S&P 500 lost 0.29% and closed at 5,618.26. The Nasdaq Composite dropped 0.31% to 17,573.30. The S&P 500 and the Dow both touched records initially before falling back.

The Fed lowered its overnight lending rate to a range of 4.75% to 5.00% from 5.25% to 5.5%, the first rate cut in four years as inflation levels ease from the levels seen two years ago.

ASX SPI Futures down 39 points

COMMODITIES

Barrick Gold suspends operations at Papua New Guinea mine after violence kills at least 20
US decision on Nippon bid for US Steel pushed back to after Nov election, sources say
Gold retreats as dollar, yields climb after Fed's Powell comments
US crude oil stockpiles dipped to their lowest level in a year last week, while fuel inventories rose
Copper creeps higher ahead of expected US rate cut
Iron ore posts steepest daily fall in nearly two years

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 18 September: ASX 200 hits new record, up a single point!

Wed, 18 Sep 2024 16:00:00 +1000

ASX 200 drifted around to close up 1 point ahead of the Fed. Banks were firm, again, the Big Bank Basket up to $247.05 (+0.4%). MQG rallied another 0.6% to a record close. Financials were a little mixed, REITs generally better, GMG up 0.1% and SCG up 0.5%. Industrials firmed, WOW up 0.3% and COL up 0.4% with WES flat and ORG up 2.2%. Tech drifted around, WTC up 0.4% and the All Tech Index lost 0.2%. In resources, Iron ore resumed trade after a holiday and fell away again, BHP, RIO and FMG all suffered, dragging sentiment down. BHP off 0.9% with S32 down 0.9% too. Gold miners were mixed, NEM up 0.8% and GMD down 0.5%. Lithium stocks depressed again, PLS off 1.0% and MIN down 2.0%. Oil and gas stocks slightly better, WDS announced a ten-year sales deal with the Japanese adding 0.8%. Coal stocks better, NHC up 4.6% with uranium slightly firmer too. In corporate news, HVN fell on a class action, APM shareholders approved its takeover, IMU gets FDA approval for bile tract cancer drug. Nothing on the economic front, Asian markets higher, Japan up 0.4%, and China back from a holiday up 0.5%. 10-year yields drift higher to 3.86%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 18 September: US markets in wait and see mode

Wed, 18 Sep 2024 08:00:00 +1000

The Dow Jones Industrial Average inched down 15.9 points, or 0.04%, to close at 41,606.18. The 30-stock index also hit a fresh record during the session. The S&P 500 was unchanged. The Nasdaq Composite advanced 0.2% and ended at 17,628.06.

The energy sector outperformed the S&P 500 on Tuesday afternoon. Energy advanced 1.3%, with gains led by Halliburton and Devon Energy up 3.2% and 2.1%, respectively.

The latest retail sales data indicated solid consumer health. Retail sales rose 0.1% in August versus economists' estimates for a 0.2% decline.

SPI down 39 points.

Commodities slip slightly.
Oil up 1.2%. Gold off 0.5%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 17 September: ASX 200 up 19, just shy of record

Tue, 17 Sep 2024 16:00:00 +1000

ASX 200 finished up 19 points to 8141 just shy again of a record close. Relatively quiet and steady ahead of crucial Fed move on Wednesday. Banks were slightly firmer, the Big Bank Basket up to $246.14 (+0.2%). Financials a little mixed, SUN down 0.3% and ASX off 0.2%. REITs firmed, GMG up 0.8% and SCG up 0.5%. Healthcare eased back a little, FPH down 0.2% and COH down 1.1%. Industrials firm but idle. BXB is continuing to power ahead, up 2.5%, QAN is up 1.9%, and ALL is moving 1.4% better. Tech slightly better as XRO rose 2.6% after an acquisition. In resources, the iron ore miners pushed a little higher. BHP unchanged, FMG up 1.8%. Gold miners mixed despite bullion rising, EVN down 2.0% and NEM off 1.8% with PRU up 2.0%. Lithium remains depressed, PLS off 1.0% and IGO down 1.7% with rare earths under some pressure again, LYC down 1.2%. Oil and gas stocks firmed ever so slightly, coal mixed and uranium stocks pretty much unchanged. In corporate news, RPL has made an approach to PTM seeing the target stock rise 12.6%. Another bid for PSQ, and BTH attracting attention too from a predator. Nothing on the economic front as we wait for the Fed. In Asian markets, a stronger yen put the Nikkei under pressure losing 0.6% and HK up 1.5%. 10Y yields steady around 3.83%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 17 September: ASX likely to hit record highs today

Tue, 17 Sep 2024 09:00:00 +1000

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 16 September: ASX 200 closes up 22 | Banks push ahead

Mon, 16 Sep 2024 17:00:00 +1000

ASX 200 kicked off the week on a positive note, gaining 22 points to 8122 (+0.3%), just 27.1 points away from its previous all-time high. Banks did most of the heavy lifting today as resources sagged on lagging commodity prices. WBC was in demand up 2.2% hitting a 52-week high, and the Big Bank Basket rose 1.1% to $245.76. Gold miners firmed, supported by fresh record-high bullion prices during the day. EVN the top beneficiary up 4.2%, while NST and SBM follow just behind. Losses in resource stocks weighed on the index, BHP, RIO and FMG all finished in the red. Energy stocks no better, WDS fell 0.6% despite resuming production at its Shenzi oil and gas field following Hurricane Francine's disruption. Lithium and Uranium stocks on the nose. MIN pared earlier gains, finishing down % after announcing maiden estimates for two Perth Basin discoveries. BOE, PDN and DYL all lost over 1% each. Tech and REITS finished higher, while defensive sector healthcare slumped, CSL eased 1.2% dragging the entire with them. In corporate news, Austal (+20.5%) secured a US$450m shipyard expansion deal. Lendlease (+2.1%) sold its US unit, with expected FY25-26 losses and FY27 recovery. Downer (-0.5%) landed an NZ$800m contract for Auckland Airport’s new terminal. Nothing on the economic front today. In Asia, the Hang Seng flat, TOPIX closed, and Shanghai Composite closed. Bond yields down, 10Y yield at 3.81%, 2Y yield down 0.8bps to 3.48%. AUD +0.3% to 67.24US cents. Dow Jones Futures down 6 points and Nasdaq Futures down 31 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 16 September: US heads towards new records | Fed in focus

Mon, 16 Sep 2024 08:00:00 +1000

Wall Street ends the week on a positive note as markets raise bets for a bigger rate cut by the Fed next week. The S&P 500 rose 0.54% overnight, and is up 4% for the week, its best week since November and is within 50 points of its all-time high reached in July. The Dow advanced 297 points (+0.72%). Up 437 points at best and up 2.6% for the week. The NASDAQ rose 0.65% (+5.95% for the week) and small caps Russell 2000 which is more sensitive to rate changes, outperformed jumped 2.49%.

ASX SPI up 16 points - Eyes Records again

COMMODITIES

Putin's commodities ban threat puzzles Russian firms and officials.
Nippon Steel bid for U.S. Steel faces Sept. 23 review deadline, sources say.
Oil eases on resuming US output after storm, rising rig count.
Copper, aluminium, zinc hit two-week high on weak dollar.
US offshore oil industry reawakens after Francine shut-ins.
Gold bulls set sights on previously dismissed record $3,000/oz milestone.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 13 September: ASX 200 flirts with all-time high | Banks slip

Fri, 13 Sep 2024 16:00:00 +1000

ASX 200 rose 24 points to 8100 (+0.3%) having hit close to an all-time high and backed off. Banks sold off as resources rose. It was the turn of iron ore and gold miners to rally hard. FMG up 4.8% and BHP bouncing 2.1%. MIN up another 0.8% with gold miners hitting their straps. NST up 4.1% and EVN up 7.2% with DEG up 7.0% and GMD rising 2.3%. Lithium stocks eased back, PLS up 1.0% and IGO off 1.8%. Uranium stocks too under pressure after the short squeeze yesterday. PDN down 4.5% and DYL off 2.1%. Oil and gas stocks are better, WDS up 1.3%, and STO rallies 0.8% on Hurricane Francine. Banks turned to losses as money flowed to resources, CBA off 1.0% with the Big Bank Basket down to $243.18 (-0.9%). Insurers eased slightly and REITs firmed, GMG up another 2.5% with SCG rallying 1.1%. Industrials mixed, tech slid slightly, XRO down 1.6% and WES fell 0.7% with QAN up 1.0%. Retail stocks drifted lower, JBH down 1.1% and LOV off 0.7%. In corporate news, NAM got an increased bid, ALX had a win in France, now to the compensation claim. Nothing locally on the economic front. Asian market mixed again. Japan down 0.8% on a stronger yen, China down 0.2% and HK up 1.1%. 10Y bonds trading at 3.82%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 13 September: US markets rise on PPI | Gold hits record

Fri, 13 Sep 2024 09:00:00 +1000

US equities rose overnight after PPI data reinforced expectations for a 25bps cut by the Fed next week. The Dow Jones finished near session highs, up 235 points (+0.58%). Up 246 points at best. Down 196 points at worst. The S&P 500 gained 0.75%, with all sectors ending higher and the NASDAQ rose 1.0%, with Nvidia +1.9% leading gains in chipmakers, but Micron Technology slid 3.79% on a broker downgrade. The more economically sensitive small-cap Russell 2000 outperformed, adding 1.22%. PPI data rose 0.2% MonM in August following a downwardly revised flat reading in July, a touch above expectations of a 0.1% rise. Initial jobless claims came in line with expectations rising 2k from the previous week to 230k. PPI and Initial jobless claims were effectively repeating yesterday’s CPI data, clearing the way for next week’s 25bps cut.

ASX to rise. SPI Futures up 45 points (+0.56%).

COMMODITIES

Vale sees 10% of its iron ore production coming from tailings by 2030.
Gold hits all-time high as Fed rate-cut hopes bolster appeal.
IEA cuts 2024 oil demand growth forecast on China slowdown.
Oil rises 2% as storm batters US Gulf of Mexico production.
Copper jumps to almost two-week high on signs of firmer Chinese demand.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 12 September: ASX runs 88 points higher as banks and resources fire

Thu, 12 Sep 2024 16:00:00 +1000

ASX 200 kicked 88 points higher to 8076 ahead of ECB decision. Best day in three weeks. Back to within 72 points of an all-time high. Uranium and lithium stocks leading the charge. Gains across the board. Resources recovering as shorts getting squeezed hard, BHP the exception as it went Ex-Dividend. RIO up 1.9% and FMG up 2.2%. Lithium stocks saw a short-covering frenzy, with PLS up 7.9%, MIN up 8.3%, and IGO up 6.8%. Gold miners also back in demand, NST up 1.4% and EVN up 2.3%, with oil and gas better as the Hurricane Francine hits the Gulf of Mexico. WDS up 2.0% and STO rallying 1.2%. Uranium stocks in demand after Putin’s comments. PDN up 9.1%, BOE up 10.7% and DYL running another 13.5%. Banks were also strong too, CBA up 1.4% and WBC rose 1.4%. MQG up 1.2% with the insurers also doing ok. REITs better, GMG up 2.4% and NXT finding a base up 1.1% after a big capital raise. Other tech stocks were better, WTC up 3.5% and XRO up 2.2% with the All-Tech Index 1.9% to the good. Healthcare rose, retail rose, LOV up 1.3% and DMP recovering 4.1%. In corporate news, NEC saw its CEO resign, and BKW wrote off $123,5m after tax on its Austral masonry business. QAN announced Joyce’s final pay packet and WDS has shut down some operations in the Gulf due to the Hurricane. In other news, ACL rose 1.5% despite a large holder selling out, and NHF rose 3.0% as its CEO is set to retire. Nothing on the economic front. In Asia, tech and semi-conductor stocks led the rally, Japan up 3.1%, HK up 1.3% and China up 0.1%. 10-year yields 3.86%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 12th September: US markets rally after CPI and Nvidia

Thu, 12 Sep 2024 09:00:00 +1000

All three major US indexes closed higher overnight, with a rebound in tech stocks offsetting earlier losses following a disappointing inflation report, which crushed hopes for a 50bps cut from the Fed next week. Wide range from Dow overnight. Up 167 points at best. Down 744 points at worst. Finishing up 125 points (+0.31%). The S&P 500 gained 1.07%, it was the first time the index has bounced back from an intraday low of at least 1.5% since October 2022. The S&P 500 Tech Index rose 3.25%, supported by gains in Nvidia up 8.1%, following reports that the US government is considering letting them export chips to Saudi Arabia.

ASX SPI up 50

COMMODITIES

Putin says Russia considering export limits on uranium, titanium, and nickel to protest Western sanctions.
China's CATL says plans to adjust lithium production in Jiangxi.
Vale bumps up 2024 iron ore production forecast, shares rise.
Peru copper output this year forecast below expectations, deputy minister says.
Nippon Steel trying to salvage its $14.9bn bid for US Steel.
Oil recovers on worries about Hurricane Francine.
US oil stocks build as crude imports rise, fuel demand weakens – EIA.
Gold falls as CPI data dampens talk of oversized US rate cut.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 11 September: ASX 200 falls 24 as banks drop, resources rise

Wed, 11 Sep 2024 16:00:00 +1000

ASX 200 closed down 24 points to 7988 (-0.3%) as banks fell and resources rose. CBA led the falls down 1.9% with the Big Bank Basket down to $242.11 (-1.3%). MQG and other financial suffered a similar fate after falls in the banking sector in the US. REITS were slightly weaker with GMG up 1.1% bucking the trend after NXT raised another $750m for an Asian data centre expansion. Industrials drifted lower with REA now 2.2% lower as serious discussion begin on UK acquisition. Resources were buoyed by unconfirmed reports that a couple of CATL’s lithium mines had suspended production due to low price. An immediate reaction in lithium prices higher saw the shorts rush to cover. MIN up 16.0 %, PLS up 13.1% and LTR up 13.1% leading the charge. MIN also announced new rosters and cost-cutting. Gold miners were better in places, DEG up 2.3% and RED up 1.8%. Iron ore stocks were also in demand as BHP rallied 1.8% and FMG up 2.6%. Oil and gas stocks got whacked on crude falls, WDS down 2.2% and STO off 1.0%. In corporate news, NXT now raised $2bn in the last five months! The stock dropped 5.6% on the news today. NEM sold stakes in two local gold mines to Greatland Gold which is now looking at an ASX listing. Regal sold down its BCB stake and WAM talked about the courageous trade in buying miners and keeping clear of banks. ASX chairman Damian Roche will retire at this year’s AGM. On the economic front, Dr Sarah Hunter from the RBA was out and about today. 'Labour markets are still tight, but the RBA had been surprised about the “limited” easing this year in some key employment indicators.' Asian markets slipped, Japan down 1.8%, China off 1.1% and HK down 1.3%. UK GDP for July 0% M/M. US CPI tonight. Dow Futures down 171 points. NASDAQ Futures down 113 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 11 September: US markets mixed ahead of CPI and debate

Wed, 11 Sep 2024 08:00:00 +1000

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 10 September: US markets rally | Apple event

Tue, 10 Sep 2024 09:00:00 +1000

Wall Street kicked off the week higher with all three major indexes gaining over 1%, buoyed by bargain hunting following last week's sharp sell-off. Attention now shifts to this week's CPI data for more clues on the size of the Fed rate cut. The Dow Jones gained 484 points (+1.2%). Up 655 points at best. The S&P 500 rose 1.16% snapping a five-day losing streak after its worst start to a September on record. The NASDAQ rose 1.16% with Nvidia +3.5% and Tesla +2.6% leading gains. Apple finished flat after falling ~2% as it unveiled its AI-boosted iPhone 16 with improvements in its Siri personal assistant, beginning in test mode next month. Small caps Russell 2000 edged 0.30% higher and the VIX slumped 13.1%.

ASX SPI up 78

Local: Westpac consumer confidence August at 10.30am, NAB business confidence and conditions August at 11.30am.

Anglo American hired advisers to sell two nickel mines in Brazil, says country head.
Oil prices edge up as storm approaches US Gulf Coast after week of heavy losses.
Traders see oil prices at $60-$70/bbl on oversupply, China demand risks.
China lithium prices hit new low on macro concerns, surging supplies.
China plans to include steel, cement and aluminium in its carbon market in 2024.
Gold prices steady with spotlight on US inflation data.
Copper bounces as market looks ahead to US inflation data.
Chile copper exports hit $4.27bn in August.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 9 September: ASX 200 recovers to only be down 25 points

Mon, 09 Sep 2024 16:00:00 +1000

ASX 200 rallied back from early losses to close only 25 points down at 7990 (-0.3%). No follow through this morning as resources found some bargain hunters and banks eased only slightly. The Big Bank Basket dropped to $245.27 (-0.5%). Losses across the financials, MQG off 0.6% and insurers falling, QBE down 0.4% and SUN down 1.3%. REITS were positive across the board with some M&A in HPI keeping the spice in the sector. GMG up 0.7% and SGP up 2.2%. Industrials were generally weaker, retail stocks suffered as PMV fell 3.9% on a trading update and the Smiggle boss sacked. LOV fell 4.5% with SUL down % on its ex-dividend, DMP continued lower and travel stocks in trouble, CTD down 5.3%. Iron ore miners perked up, BHP up 0.8% and FMG up 0.5% with some small gains in lithium stocks. PLS unchanged and LYC up 4.1%. Gold miners on the nose following bullion falls in USD. NST down 0.5%, EVN dropped 3.0% and RED off 3.3%. Oil and gas weaker. In corporate news, WBC has a new ‘King’ in Anthony Miller, HPI saw a bid from Charter Hall Retail, and on the economic front, Business turnover rose 1.0% in July. Asian markets eased, Japan down 0.7%, HK off 2.0% and China down 1.3%. 10Y yields rose to 3.94%. Dow and NASDAQ Futures up 0.3% and 0.5% respectively.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 9 September: US drops on jobs number | WBC has a new king

Mon, 09 Sep 2024 08:00:00 +1000

US equities finished the week on a negative note, weighed down by concerns over a slowing labor market and a tech sell-off. All three major indexes finished lower, with almost all sectors in the S&P 500 finishing in the red. S&P 500 lost 1.73%, falling for a fourth consecutive session and the NASDAQ slid 2.55% dragged down by heavy losses in the Magnificent Seven. Nvidia -4.1%, Alphabet -4.1%, Meta -3.2%, and Microsoft -1.6%. The Dow closed near worst levels, down 410 points (-1.01%). Up 254 points at best. Down 458 points at worst. For the week Dow fell 2.93%, and S&P 500 dropped 4.24% their biggest weekly fall since March 2023, while the NASDAQ tumbled 5.78% its biggest weekly drop since January 2022.

ASX SPI Futures down 102 points

Copper slid 1.1% driven by a stronger dollar and mixed US jobs data, stoking concerns over global growth.
Tin rose 0.7% and is up ~21% this year, driven by tight supply and strong demand linked to the energy transition, reflected in higher semiconductor sales, according to BofA Securities analysts.
Dalian iron ore futures fell 2.52% as soft Chinese economic data dampened demand expectations in the steel market.
Gold prices fell 0.77% to $2,497 per ounce overnight, retreating from near-record levels.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 6 September: ASX 200 up 31 | Banks up, resources down

Fri, 06 Sep 2024 16:00:00 +1000

ASX 200 continued to push slightly higher to 8013 up 31,(0.4%) as once again we saw banks rally to record highs and resources fall to depressing lows. CBA hit a record up 1.5% with the Big Bank Basket up to $246.10 (+1.5%). MQG kicked 2.4% on its Airtrunk win, Insurers doing well, QBE up 1.5% and SUN rallying 1.4%. REITs also doing well as bond yields fell to 3.89% (who needs the RBA). CHC up 2.4% and SCG up 0.9%. Industrials firmed, WES up 1.2% with WOW up 0.8% and COL up 1.5% with retailers also going well, LOV up 1.8% and JBH pushing 1.8% better. Travel stocks slid, FLT down 1.1%. Tech stocks also slipped a little, WTC ex div down 0.5% and XRO off 1.1%. Resources stumbled again, BHP down 1.2% with RIO off 0.1% with MIN spiralling lower down another 4.8%. S32 off 2.0% and PLS falling 6.6%. Gold miners mixed, oil and gas troubled, WDS down 3.9% and STO down 1.4% with coal and uranium stocks also dropping yet again. In corporate news, not much really. On the economic front. we had some house lending numbers but all eyes on US jobs numbers tonight. Asian markets dipped, Japan down 0.8%, China off 0.3% and HK closed due to inclement weather.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 6 September: US markets mixed ahead of jobs data | SPI up 9

Fri, 06 Sep 2024 09:00:00 +1000

The S&P 500 dipped 0.3% to end at 5,503.41, while the Dow Jones Industrial Average lost 219.22 points, or 0.54%, to settle at 40,755.75. The Nasdaq Composite gained 0.25% to finish at 17,127.66, after rising as much as 1.2% earlier in the session.

Private payrolls data showed the weakest growth since 2021, heightening fears of a slowing labor market. However, weekly claims for unemployment benefits declined from the previous week.

Non-Farm Payrolls tonight – Forecasts for an increase of 161,000 jobs for August.

ASX to edge higher. SPI Futures up 9 points (+0.11%).

COMMODITIES

Copper firms on China's power initiatives in Africa.
Gold gains as investors anticipate super-sized Fed rate cut.
Oil prices hold at a 14-month low as demand worries offset big US storage withdrawal.
US crude stockpiles fall to 1-year low as imports fall, EIA says.
OPEC+ to delay output hike by two months amid oil selloff and signs of weak demand.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 5 September: ASX 200 up 32 | Bullock talks tough

Thu, 05 Sep 2024 16:00:00 +1000

ASX 200 rose 32 points with a late spurt to 7982 (+0.4%). Gains were modest as Michele Bullock poured yet more cold water on any rate cuts this year in a speech. Banks were again the strength. CBA up 1.0%, NAB up 1.5% and the Big Bank Basket up to $242.68 (+1.3%). MQG rallied 1.3% with other financials doing well. CGF dropped 11.0% on news Apollo was selling down its stake. Insurers eased back, QBE down 1.2% and SUN dimmed by 0.9%. REITs firm again, GMG up 1.6% and GPT racing ahead up 2.9%. Industrials mixed, WES off 1.3%, ALL down 0.5% and CPU falling 0.8%. REA rose 2.2% and TPG up 1.8% after being cleared by the ACCC. Tech better, WTC up 1.3% and the All-Tech Index up 1.5%. Resources a mixed bag, with some signs of life in BHP up 0.7% and RIO rallying 1.3% with FMG off 0.4%. MIN was whacked again, down another 5.9%, with PLS hanging in. Just. Gold miners were modestly better, oil and gas majors slid, WDS down 6.8% on ex-dividend and crude weakness. In corporate news, Optus and TPG got ACCC clearance, CRN fell 16.0% on rain-interrupting play in QLD. On the economic front, Bullock gave a hawkish speech on the risks of inflation and recessions. Asian markets weaker, with Japan down 0.5%, HK off 0.6% and China -0.1%.10Y yields steady at 3.92%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 5th September: US markets steady | SPI up 2

Thu, 05 Sep 2024 08:00:00 +1000

US equities closed mixed following a choppy trading session as treasury yields slumped on jobs data and Nivida extended its two-day sell-off to 11%. The Dow edged higher, up 38 points (+0.09%). Up 236 points at best. Down 96 points at worst. S&P 500 and NASDAQ closed lower, down 0.16% and 0.30%, respectively dragged down by losses in Energy and Tech stocks. Russell 2000 fell 0.16% and the VIX rose 2.90%. Philadelphia SE Semiconductor index rebounded from its biggest one-day drop since COVID-19, gaining 0.25%. US JOLTS report showed job openings fell to a 3.5-year low in July, signalling an easing labour market, which may further strengthen a greater rate cut by the Fed later this month.

Economic growth slowed across the country while prices rose “modestly” and employers grew more reluctant to hire and choosier about who they selected for job openings, the Federal Reserve reported in the Beige Book.

ASX to inch higher. SPI Futures up 2 points (+0.03%).

COMMODITIES

Chile's top court rejects Tianqi appeal to halt SQM-Codelco deal, newspaper says.
Gold rebounds from lows after weak US jobs openings data.
Copper steadies after hitting three-week low on global growth worries.
Crude futures settle down by more than $1/bbl on demand fears.
OPEC+ reportedly discussing delaying planned oil output hike in October, according to sources.
Citi says average price of oil could drop to $60 per barrel in 2025 due to weak demand and increased supply.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 4 September: ASX 200 falls 1.9% | Resources mauled

Wed, 04 Sep 2024 16:00:00 +1000

ASX 200 fell 153 points to 7951 (-1.9%) as all sectors suffered after big US and Asian falls. GDP coming in tepid at best did not help sentiment either. Resources were in the seller’s sights with iron ore majors under serious pressure, The Three Amigos showing big losses and FMG falling 8.5% ex dividend too. Lithium and uranium stocks were smacked hard, PLS down 6.2% and MIN falling another 5.4%, with gold miners also on the nose despite bullion holding up relatively well. NST is down 2.2%, and EVN is dropping 5.5% as brokers would back copper forecasts, too. Oil and gas were under pressure as WTI slipped below $70. WDS down 2.5% and STO off 2.6%. Banks the previous pillars of strength finally capitulated, with CBA down 2.4%, NAB dropping 2.5% and the Big Bank Basket falling to $239.48 (-2.3%). MQG dropped 1.2%, with the ASX off 1.6% and SOL down 1.5%. Insurers were mixed, QBE actually firmed 1.2%, REITs sold down in line with the market malaise. Healthcare fell with CSL down 0.7% and SHL down 3.8%. Industrials were weaker too as expected, WES fell 1.8% and COL and WOW slid. Tech under some pressure, WTC off 2.0% and XRO down 2.5%, with the All-Tech Index off 2.1%. In economic news, GDP came in at 0.2% weaker than expected with government spending holding things up as the economy slides even further. On the corporate front, ABB sold its SLC stake, ORA sold its US packaging business, and STO announced it will sell more LNG to Glencore. Asian markets fell hard, Japan off 4.4% and HK and China down but only modestly. 10Y yields dropped to 3.93%. Dow Futures down 126 points. NASDAQ Futures down 114 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 4 September: US markets spike lower | SPI down 94

Wed, 04 Sep 2024 09:00:00 +1000

US equities slumped overnight, recording its worst day since the August 5th meltdown driven by economic concerns and a tech selloff. The S&P 500 lost 2.12%, and the NASDAQ 100 fell 3.15%, their worst start to September since 2015 and 2002. September being one of the markets' historically worst-performing months. The Dow traded lower all session ending 626 points lower (-151%). Down 785 points at worst. Small caps Russell 2000 tumbled 3.09%, and the VIX soared 33.25%. Nvidia slid 9.5% wiping out $279bn in market cap, in a record one-day wipeout for a US stock. Chip stocks followed suit pushing the Philadelphia SE Semiconductor index 7.8% lower. Weak US manufacturing data dampened market sentiment, with the manufacturing PMI rising to 47.2 in August, missing expectations of 47.5, marking the 21st monthly contraction in the last 22 periods.

ASX to tumble. SPI Futures off 94 points (-1.17%).

COMMODITIES

Algorithmic traders extend short oil exposure, adding to downside pressure.
Oil slumps about 5% as end to Libyan dispute in sight.
Goldman Sachs exits copper long position; trims price forecast by $5k on weak China demand.
Gold at over one-week low on firm dollar, US payrolls data awaited.
Copper stumbles to two-week low on Chinese demand fears.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 3 September: ASX closes down 7 on quiet trade | Banks up

Tue, 03 Sep 2024 16:00:00 +1000

ASX 200 fell 7 points to close at 8103 (-0.1%). Pre-US trade resuming after the Labor Day holiday. Once again, the banks pushed up, and resources fell down. The Big Bank Basket rose to $245.06 (+1.0%). Other financials did well. MQG was up 1.3% on news that it has sold AirTrunk for $23.5bn. Insurers were solid, too. QBE up 0.8% and SUN better by 1.4%. REITs firmed, GPT up 0.6% with industrials slightly weaker, WOW, COL and WES went ex-dividend, CPU slid 1.0% and QAN down 1.9% on Cathy news of engine issues. Tech pushed on, WTC up 2.4% and XRO up 0.7% with the All -Tech Index up 0.5%. A different story as usual in the resource space, BHP lost 1.7% with RIO falling 1.7% and FMG dropping 2.6%, lithium stocks remain depressed and MIN dived 8.5%. Gold miners were mixed as some bargain hunters stepped in, Energy stocks weakened, WDS down 0.2% and uranium stocks unless pressure again. In corporate news, EML rose 3.6% after completing its sale of Sentenial. On the economic front, the current account deficit widened to $10.7bn in the June quarter – well above forecasts of a shortfall of $5.9bn. GDP due tomorrow, economist are downgrading expectations on BoP numbers. Now 0.2% the number to look for. Asian markets mixed again, Japan off 0.3%, China up 0.2% and HK down 0.4%. 10-year yields around 4.0%

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 3 September: US markets closed | SPI up 4, eyes record again

Tue, 03 Sep 2024 09:00:00 +1000

US Markets closed for Labor Day.

SPI up 4, eyes record again.

Commodities ease. Iron ore down nearly 4% to $97.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 2 September: ASX 200 up 18, missed it by that much!

Mon, 02 Sep 2024 16:00:00 +1000

ASX 200 rose 18 points to 8113 (0.2%) heading to an all-time high as banks shook off early nerves and sauntered higher. Failed to hold the record. CBA up 1.6% and NAB up 1.3% with the Big Bank Basket up to $242.68 (1.4%). MQG rose 0.6% and insurers also doing well, QBE up 0.9% and SUN up 0.8%. REITs are also in demand, SGP up 0.8% with industrials turning from losses to gains, WOW up 0.4% following the sale of its EDV stake, COL up 0.9% and tech picking up, WTC up 2.2%, and XRO rising 0.6%. Resources were as usual in the dog house as iron ore fell below $00 in Singapore, BHP off 1.1% , RIO down 1.4%, and PLS dropping 4.4% with MIN struggling to find a level, down 1.6%. Gold miners saw big sellers, NST off 1.1%, PRU fell 4.9% and GMD down 3.1% despite little change to AUD bullion. Oil and gas stocks better, WDS up 1.4% and STO up 1.1% with uranium stocks weaker again. In corporate news, REA fell 5.3% as it confirmed that it was taking a look at UK’s Righmove. SGR was suspended for failure to publish its full year results. In economic news, we had local building approvals and China’s Caixin PMI slightly above expectations. Asian markets: Japan up 0.1%, China down 1.2% and HK down 1.7%. 10-year yields pushed up to 4.01%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 2 September: US markets push higher | SPI down 18

Mon, 02 Sep 2024 09:00:00 +1000

The S&P 500 ended the final session of the week higher with a late spike. The latest batch of data pointed to an ever-resilient US consumer, potentially slowing the pace of rate cuts. Dow +0.6%; S&P +1% Nasdaq +1.1%.

The benchmark S&P 500 finished August with a 2.3% gain for the month. It’s now up 18.4% so far this year and is within 0.4% of the all-time high it set in July.

ASX SPI Down 18

BHP moves ahead with expansion of South Australia's Olympic Dam copper refinery.
Oil settles $1 down as supply set to rise, uncertainty around Fed rate cuts.
OPEC+ likely to proceed with planned output hike from October, sources say.
Gold drops as dollar, yields firm after US inflation report.
Copper steadies on China hopes, firm dollar weighs.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 30 August: ASX 200 up 47 | APX, DOW, HVN, RHC results

Fri, 30 Aug 2024 16:00:00 +1000

ASX 200 finished the week up 47 points to 8092 (+0.6%). For the month we are unchanged! Coincident? Pushed at close too. Solid gains across the board, banks as usual heading higher, CBA up 0.5% and the Big Bank Basket hitting new records, up to $239.31 (+0.6). Insurers also did well as yields rose. QBE up 0.6% and SUN up 1.1% with SQ2 bounding 3.1% ahead. Industrials solid too, REH up 2.2% and SVW ahead by 1.4%. REITs better GMG up 0.9% and SCG up 0.9%. Supermarkets eased back, WES down 2.0%, and WOW and COL eased back. Retail took heart from economic data today, JBH up 1.7% and PMV rising 0.9%. Travel stocks fining some friends, WEB bouncing back 0.6% on some book squaring. Resources were slightly higher. BHP continues to bounce around $40 up 0.6% with FMG easing 1.6% on broker comments. Gold miners doing ok, nothing spectacular, NST up 1.7% and EVN up 1.0%. Lithium stocks a little less depressed, PLS up 2.1% and LTR up 3.5%, with MIN still struggling down 1.1%. Oil and gas better, WDS up 2.1% and uranium stocks bouncing slightly. In corporate news, HVN fell 6.4% on soft numbers; Gerry reckons PE will take him out. DOW knocked it out of the park on results up 17.0%, and RHC continues to suffer from cost pressures, down 6.8%. Brookfield dodged a bullet there. On the economic front, retail sales buoyed things and led to higher yields at 3.97%. Asian markets are showing some strength, Japan up 0.7% on CPI numbers, China up 1.3% and HK up 2.2%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 30 August: US markets slightly higher | DOW, RHC, TPG results

Fri, 30 Aug 2024 08:00:00 +1000

The Dow Jones managed a 0.6% gain, enough for its third all-time high since Monday. The Nasdaq composite, which is heavily weighted with technology stocks, slipped 0.2%. It had been up 1.3% in the early going.

ASX SPI up 51 - Results - TPG - APX - DOW

Copper and aluminium extend losses on weak Chinese demand and rising inventories.
Gold gains nearly 1% as investors zero in on Fed cuts, inflation data.
Oil settles up over 1% on worries over supplies from Libya, Iraq.
Libya's oil output falls more than half due to political standoff.
EIA says US gasoline prices were much lower than last year heading into the Labor Day weekend.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 29 August: ASX drops 26 | Results and resources

Thu, 29 Aug 2024 16:00:00 +1000

ASX 200 fights back to be down only 26 points to 8048 (-0.3%). Plenty of R&R today. Results and resources. Banks were firm as usual. The playbook remains the same even as CEOs appear in Canberra. CBA up 0.2% and NAB striding ahead with a 0.6% gain. The Big Bank Basket up to $237.86 (+0.4%). Other financials also slightly firmer, with MQG up 0.7% and ASX up 1.1%. REITs mixed, GMG down 0.5% and GPT up 0.6%. Industrials were weak, led lower by WES, down 4.1%, with outlook statement weighing. WOW fell 2.4% on numbers and reaction, retail slightly lower, JBH down 0.7% and LOV fell another 2.6% on broker verdicts. WEB fell 5.6% on broker downgrades following annual report. Tech better, WTC up 0.8% and XRO up 1.1%, with the All-Tech Index down 0.15%. Resources once again a graveyard, BHP fell 0.6% RIO off 0.8%, with FMG rising slightly on better broker commentary. Gold miners sold off hard, RED down 12.3% on worse-than-expected results, DEG down 2.0% and BGL falling 4.5%. Lithium was depressed again with PLS down 3.0% and MIN falling 8.1% on a dividend miss and higher debt. Uranium and coal stocks also on the nose. In results today, QAN in rehab up 0.8%, CTT in the doghouse after soft numbers down 20.0%, SLX cratered down 13.0%, and CUV rose 10.9% on its numbers. BGA rose cream-like to the top up 9.4%, and SXG also in demand. On the economic front, nothing really significant ahead of US PCE. Asian markets dead, Japan unchanged%, HK up 0.1% and China off 0.4%. 10-year yields rose to 3.95%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 29 August: Nvidia falls 7% on results and $50bn buyback

Thu, 29 Aug 2024 09:00:00 +1000

The Nasdaq Composite fell 1.12% to close at 17,556.03, while the S&P 500 slipped 0.6% to end at 5,592.18. The Dow Jones Industrial Average lost 159.08 points, or 0.39%, settling at 41,091.42.

Nvidia reported after the bell.

ASX to fall. SPI Futures down 22 points (-0.27%)

Gold falls on firmer dollar as US data takes spotlight.
Iron ore retreats from 3-week high as investors await signs of demand recovery.
Oil prices fall 1% after US crude stocks draw; Libya supply risks limit losses.
Chinese demand worries trigger funds sell-off in metals.
Argentina official says lithium, copper to drive metal exports to $10bn by 2027.
Libya's oil blockade widens as factions vie to control central bank.
US crude stockpile fall week-over-week though by less than expected.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 28 August: ASX 200 recovers a 62 point drop to finish flat

Wed, 28 Aug 2024 17:00:00 +1000

The ASX200 has finished the day flat as the market recovered 62 points from a midday dip. The monthly inflation number initially spooked our market with a reading of 3.5% vs 3.4% expected. Down from 3.8% in June. It was a mixed session, with 5 of the major sectors finishing in the green while 5 finished in the red (healthcare flat).

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 28 August: US market waits for Nvidia | SPI down 29

Wed, 28 Aug 2024 09:00:00 +1000

The S&P 500 rose slightly on Tuesday as investors looked ahead to a major earnings report later this week. The broad market index gained 0.16% to close at 5,625.80, while the Nasdaq Composite crept 0.16% higher to end at 17,754.82. The Dow Jones Industrial Average rose 9.98 points, or 0.02%, to end at 41,250.50, its second record close in a row.

ASX to fall. SPI Futures down 29 points (-0.36%).

Results in Focus - TAH - FMG - NXT - WOW

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 27 August: Banks weaker, ASX 200 loses 13 | Results in focus

Tue, 27 Aug 2024 16:00:00 +1000

ASX 200 fell 13 points to 8071 (+0.2%) as some results fatigue set in. Banks slipped from lofty heights, with CBA off 1.0% and NAB falling 1.0%, with the Big Bank Basket down to $234.90 (0.8%). Insurers dipped, financials were also in the doldrums, with MQG off 0.5% and ASX down 1.7%. REITS mixed but drifted to the downside, GMG bounced 1.2% from a loss yesterday, and GPT fell 0.6%. Industrials were mixed, WOW off 1.1% and COL rallied 1.7% on better results. Tech slid, WTC off 0.4% and XRO fell 2.2%, the All-Tech Index dropping 0.9%. TLS drifted 0.5% lower and retail came under some pressure, with LOV smacked 13.0% on results, JBH off 1.4% and PMV down 1.2%. Travel stocks still on the nose, with FLT down 1.6%. In resources, iron ore stocks bounced, BHP beating expectations rose 1.3% on results, RIO up 0.8% and FMG up 1.8%. Lithium stocks slightly firmer, PLS up 2.0% and MIN up 1.0% with gold miners mixed, uranium stocks found buyers despite the fall in the spot price. DYL unchanged, and PDN down only 1.1%. Oil and gas leader WDS rose 3.9% on better-than-expected results. STO following suit up 1.9%. In corporate news, GYG rose 3.2% on its first set of numbers after the IPO. WOR rose 2.8% after results, JLG slumped 27.1% after a revenue decline, ZIP came undone down 7.9% despite a lift in transaction value. ASB up 3.6% on a settlement in the US. Nothing in economic news. Asian markets quiet, Japan +0.7%, HK +0.2%, China down 0.3%. 10Y yields slightly higher at 3.914%. Dow Futures down 13 points. NASDAQ Futures up 20 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 27 August: US markets mixed | BHP, COL, WDS results

Tue, 27 Aug 2024 09:00:00 +1000

US equities were mostly lower in Monday trading, though ended a bit off worst levels. S&P 500 and Nasdaq both lower after weekly gains of over 1% last week with help from a Friday rally. Breadth positive as equal-strength S&P posted just off Friday's record close. However, cap-weighted index weighed down by big tech as NVDA and TSLA gave back some of their big Friday gains. Other relative laggards included the broader semi space, autos, tech hardware, department stores, trucking, airlines, casinos, cosmetics, and China tech. Outperformers included energy (crude), media, insurers, payments, industrial metals, managed care, chemicals, railways, building products, and food/beverage. Treasuries a bit weaker across the curve. Dollar index up 0.2%. Gold finished up 0.4% at a fresh record close. Bitcoin futures down 0.4%. WTI crude finished up 3.5% on latest flare-up in Middle East tensions and Libya production headlines.

Mixed session on US markets ahead of Nvidia.

US bond yields rose modestly higher as investors digested the Federal Reserve’s signal of an imminent start to lower interest rates.
Canada will impose new tariffs on Chinese-made electric vehicles, aluminum and steel.

Oil advanced after Libya’s eastern government said it will halt exports

ASX to inch higher. SPI Futures up four points (+0.05%).

Oil climbs 3% as Libya output cuts further supply concerns.
Iron ore hits nearly 2-week high on softer dollar, China demand hopes.
Gold nears record high on US rate-cut optimism, geopolitical risks.
Exxon Mobil forecasts global oil demand in 2050 will be at current levels or slightly higher.
Goldman, BASF, others in $20m platinum, palladium price-fixing settlement.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 26 August: ASX 200 up 61 points | Banks and uranium in focus

Mon, 26 Aug 2024 16:00:00 +1000

ASX 200 rose 61 points to 8076 (+0.8%) as uranium and US leads helped sentiment. Banks once again taking the market higher, CBA up 1.5% and NAB up 2.2% with the Big Bank Basket up to $236.90 (1.6%). MQG rose 1.0% with a mixed picture in insurers. NHF fell 17.7% on disappointing results. REITs were better though GMG fell 0.5% as tech stocks came under some pressure. GPT up 1.9% and SCG up 1.8%. Industrials better, WES up 1.1%, REH up 2.6% and SVW rising 2.7%. Retail stocks found friends again, SUL up 1.6% and ARB rising 3.9%. Travel stocks remain under pressure, WEB off 0.5% and FLT down 1.6%. Resources picked up throughout the day, the Three Amigos slightly firmer, FMG up 1.9% and BHP modestly higher ahead of results. Gold miners mixed and lithium stocks firmed throughout the day. PLS reported today, no surprises and the stock rallied 1.3%. Oil and gas mixed, STO down 1.4% and WDS up 2.1%. Uranium stocks glowed, BOE up 7.6% and NXG up 9.6% on Kazatomprom news. In corporate news, ABB produced the goods and dividend up 11.9%, KGN beat forecasts and rose 11.8% whilst TYR also did well, recovering 12.2%. KLS dropped 23.8% on capex issues, EDV disappointed by falling 6.9% on news, and GOR fell 4.4% after its half-yearly report. In economic news, China left rates unchanged again. Asian markets weaker, Japan off 0.9% and China off 0.4%, HK managed a 0.8% rise. 10-year yields falling to 3.86%. UK closed for Public Holiday today.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 26 August: US to cut | SPI up 41, eyes all-time highs

Mon, 26 Aug 2024 08:00:00 +1000

Global markets rallied overnight on comments from Fed Chair Powell that the “time has come” to start cutting rates. This had been expected by markets for over a month now but did represent the first official shift in policy from the Fed since rates started rising in March 2022. New information, regarding timing and quantity of rate cuts remains an uncertainty (data dependent). Powell said "The upside risks to inflation have diminished. And the downside risks to employment have increased,". Bond traders did view the speech as slightly more dovish than expected. Odds of a 50bp cut in the next September meeting rose from 24% to 36% (still 100% chance of a cut in general) according to the FedWatch tool. The chances of policy rates being 75bp lower by November rose from 40% to 50%. A month ago it sat at 2%. Note that the bond market has been more optimistic about both the timing and quantity of rate cuts compared to the Fed. It does provide an indication of where sentiment currently lies. Bond yields and the USD also fell, indicating there was some element of surprise in Powell’s speech. The US10Y fell 6.3bp, the 2Y -10.5bp and the USD index lost 0.82%.

SPI up 41 - BEN - ABB - ABY - PPT - Results

Gold gains over 1% as Powell comments hint at September rate cut.
Iron ore slips on falling near-term demand but heads for weekly gain.
Oil climbs over 2% after Fed's Powell indicates US rate cuts.
Aluminium, zinc extend gains on Powell comments, supply concerns.
BHP's return to Argentina marks new hope for untapped copper mines.
China pauses steel capacity swap programme, which will limit expansion.
US buys nearly 2.5 million barrels of oil for Strategic Petroleum Reserve.
Russian mining giant Nornickel's first-half profit slumps on weak prices.
India's silver imports to double on demand for solar, investment.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 23 August: ASX 200 flat | Results in focus - AX1, ING, JIN

Fri, 23 Aug 2024 16:00:00 +1000

ASX 200 limped into the Jerome show losing 3 points to 8024. Kamala Harris in ‘da house’ too. Up 0.8% for the week. Resources gave back some of the week’s gains, BHP down 0.7%, FMG off 2.0%, with lithium and rare earths under pressure again although modest by recent moves. Gold miners slipped as bullion fell, NST down 0.3%, and EVN off 0.7%. Oil and gas eased yet again, WDS down 0.5% and STO off 0.9%. Coal stocks also down, with WHC reversing some of the gains of yesterday, crashing 7.2%. Nothing good happening in uranium either. PDN down 2.9%. Banks were a little rattled by the APRA announcement on ANZ with the bank falling 2.2%. CBA steady, and the Big Bank Basket fell to $233.06 (0.1%). Insurers better, SUN up 1.0%, MPL up 2.9% and MQG pushing 0.8% higher. REITs mixed, GMG up 0.9% and VCX off 3.2%. Healthcare better, COH saw investors listening up 0.8% and FPH on a guidance update rising 11.9%. Industrials a little mixed, but results the focus. Tech saw some losses, WTC gave some back and the All-Tech Index fell 0.1%. Retail remains a good place to be despite AX1 falling 15.3% on disappointing results. In results today, we had some serious shockers, ING dropped % on the outlook statement. JIN down 16.1% on some weaker guidance, AX1 fell 15.3%, and IPH resumed trade after a placement and acquisition rising 6.6%. On the economic front, Japanese CPI came is as expected. Nothing really to see here. BoJ governor out and about. Jackson Hole tonight. Data dependent. Plenty of Fed heads already spoke anyway. Asian markets showing modest moves, Japan up 0.5%, HK down 0.4% and China down 0.1%. 10Y yields 3.92%. Dow Futures up 97 points. NASDAQ Futures up 108 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 23 August: US markets fall ahead of Powell | SPI Futures down 43

Fri, 23 Aug 2024 08:00:00 +1000

The S&P 500 pulled back on Thursday as investors readied for a speech by Federal Reserve Chair Jerome Powell at the central bank’s annual Jackson Hole conference.

S&P slipped 0.89% to close at 5,570.64. The Dow Jones ended down 177.71 points, or 0.43%, at 40,712.78. The Nasdaq shed 1.67% to close at 17,619.35 as technology stocks were sold off.

ASX SPI Futures Down 43 Points

Gold slips as dollar, yields rebound; Powell's speech in focus.
Oil prices settle $1 up on hopes of a US Fed rate cut next month.
OPEC gets updated plans from Iraq, Kazakhstan on overproduction compensation.
Chile's Codelco could face $8 million fine for tailings dam violations.
Aluminium steadies after hitting six-week high.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 22 August: ASX 200 up for 10 days straight | All about results

Thu, 22 Aug 2024 16:00:00 +1000

ASX 200 rose another 17 points to 8027 (+0.2%) as Super Thursday produced a head-spinning deluge. Again, some good, some bad, and some very ugly. MP1 for one down 21.0%. Once again, we saw resources outperform banks slightly. The 'Three Amigos' were firm, FMG the best, up 2.0% and lithium stocks a smidge firmer, PLS up 2.0% and LYC up another 1.3%. Gold miners were mixed, NST up 1.7% on results, EVN up 0.5% but EMR off 1.9%. Oil and gas were sidelined, WDS and STO fell on lower crude prices. Uranium not doing much either. In the coal space, WHC ran 6.3% on good numbers and the sale of assets. YAL bounced slightly after the results recently. Banks, solid, the Big Bank Basket unchanged at $233.36. Insurers fell, QBE off 0.9% and MPL dropped 2.3% on numbers. MQG doing little, with REITs better. GMG missing out slightly again. Industrials were all about the results. Retail once again in focus, SUL up 6.2% on its special dividend, LOV up 1.9% with travel stocks down again, WEB off 1.0% and CTD falling 7.4%. DMP also fell 6.0% like the proverbial. In corporate news, plenty. CKF crashed 12.9%, GEM warned of difficult times, falling 7.5%, BOQ sacked 400 and warned too, dipped 7.3%. IFL fell 15.7% as its complicated and disappointing. result. Not much on the economic front. Powell in focus. In Asian markets, mostly higher on Flash Business activity number in Japan. Nikkei up 0.3%, HK up 0.6% and China off 0.3%. 10-year yields, 3.89%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 22 August: SPI Futures up 28 | Super Thursday results

Thu, 22 Aug 2024 09:00:00 +1000

The Nasdaq Composite climbed 0.57% to 17,918.99, also clinching its ninth positive day of 10. The Dow Jones Industrial Average ticked up by 55.52 points, or 0.14%, to finish at 40,890.49 for its sixth winning day of the last seven. The Russell 2000 outperformed, with the small cap-focused index climbing more than 1%.

FOMC minutes suggested a rate cut was growing more likely for September.

The revision of total payrolls following the Labor Department’s updated data released Wednesday morning comes out to a decline of 0.5%. That marks the largest downward revision since 2009.

ASX SPI up 28

Oil settles $1 down after US job data revised significantly lower.
Aluminium rally pauses on profit-taking, technical resistance.
Gold prices hover near record high post US Fed minutes.
Iron ore climbs to one-week high as property measures revive demand outlook.
Chile's SQM posts 63% profit slump, expects weak lithium prices in near term.
Copper giant Codelco invests in EVs, cacti as part of green makeover.
EIA reports bigger-than-expected inventory crude draw.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 21 August: Resource rally turns index around | WTC up 18%

Wed, 21 Aug 2024 16:00:00 +1000

ASX 200 fought back from early losses to close up 13 points at 8011. Positive results and outlooks driving buyers. Pretty good considering CBA was ex-dividend today 250c. The Big Bank Basket lost 1.5% to $233.10. MQG unchanged, and insurers and other financials weaker. QBE down 1.6%. REITs mixed, GMG down 3.6% and GPT up 1.5%. Tech stocks boosted by a cracking WTC result, up 18.4%, and the All-Tech Index up 2.45%. Industrials mixed with results the focus. Travel stocks fell as CTD disappointed off by only 1.9% in the end, WEB down 1.1%, and ARB saw some profit taking off 1.7%. Resources were the place to be. Iron ore rallied over 3% in Singapore after all the negativity yesterday, BHP up 1.6% and FMG bouncing 4.1%. Lithium too, back in demand, PLS up 3.5% and MIN bouncing 5.2%. LYC saw a big bump higher and antimony stock LRV jumped another 24.5% as critical metals seem back in demand. Gold miners also doing well, NST up 2.3% and EVN up 1.6% with oil and gas under pressure. STO results were sub-optimal. Down 4.4% and WDS down 0.8% despite M&A rumours. Uranium going nowhere, coal also in strife. WHC off 2.2%, and YAL down 4.0%. In corporate news, another big dump of data, some good, WTC +17.9%, some bad, STO, and some ugly, ATG down 11.4%. DMP out today too and bounced off lows, BRG surged 4.7% on itsbetter than expected numbers, CHC stunned with another cracker up 15.8%. Nothing on the economic front locally. Asian markets weaker, with Japan down 0.2%, HK off 1.1% and China down 0.4%. Dow and NASDAQ Futures up 0.1%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 21 August: US falls after 8 days of gains | BXB, CTD, DMP results

Wed, 21 Aug 2024 08:00:00 +1000

The Dow Jones Industrial Average slid 61.56 points, or 0.15%, to 40,834.97. The S&P 500 slid 0.2% to 5,597.12, while the Nasdaq Composite shed 0.33% to 17,816.94.

Tuesday’s declines snapped eight-day winning streaks for the S&P 500 and Nasdaq, the first positive periods of that length for each since late 2023. If the S&P 500 had finished Tuesday up, it would have marked its longest winning streak since 2004. Meanwhile, the Dow notched its first negative day in the last six.

ASX SPI Down 44 - Results in Focus - CTD - BXB- WTC - DMP.

Gold extends record rally on dollar weakness, rate-cut bets.
Oil settles down 1% as Middle East tensions ease, China data weak.
Dalian iron ore extends gains on strengthening steel prices.
Initial bids for Anglo's Australian coal mines due by Sept 9, sources say.
Alumina shortages fuel aluminium's surge to five-week high.
China's 2024 rare earths mining output quota rises 5.9% from 2023 total.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 20 August: ASX 200 up 17 | Results the focus

Tue, 20 Aug 2024 16:00:00 +1000

ASX 200 limped along with a 17-point rally to 7997 (+0.2%). Results in focus again. Some good, some bad and some ugly. Banks were mixed with a capital update from ANZ, up 0.6% and CBA better by 0.3%. The Big Bank Basket is steady around $236.73. Insurers mixed, SUN up 3.1% and NWL better on results. REITs slipped, GMG down another 1.4%, as DXS fell 8.9% on write downs. The sector followed lower. Industrials mixed, BXB down 0.3%, CPU dropped 2.2% and ALL off 1.7% with gains in SVW and WOR after MND reported and rose 11.6%. Resources found some buyers, BHP bouncing off $40, up 1.3% and FMG attracting some media coverage on its virtues, up 1.5%. Gold miners mostly firmed as did uranium miners, DYL up 3.5% and EVN up 1.4%. Lithium still depressed; coal stocks took their cue from YAL with a fall of 14.5%. In corporate news, MAD fell 11.2% on some disappointment, good results from JDO, MND and RWC, with ANN bouncing nicely up 8.9% and ARB, no shocks here, up 5.2%. On the economic front, RBA minutes revealed nothing that we didn’t already know. Bullock & Co were more likely to raise but kept things on hold. Asian markets mixed, Japan up 1.1%, China and HK fell between 0.4-1.1%. 10Y yields steady at 3.95%. Dow Futures down 5 points. NASDAQ Futures up 28 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 20 August: US extends rally | DRR, ANN, MND

Tue, 20 Aug 2024 08:00:00 +1000

The Dow Jones Industrial Average added 236.77 points, or 0.58%, to finish at 40,896.53. The S&P 500 rose 0.97% to close at 5,608.25, while the Nasdaq Composite jumped 1.39% and ended at 17,876.77. The S&P 500 and Nasdaq notched their eighth straight winning day, a first for both indexes in 2024.
Last week saw the biggest gains for the three indices for the year!

The percentage of S&P500 companies that reached above their 10-day and 50-day moving averages ramped up to about 90% and 69%, respectively.

ASX SPI up 36 points.

COMMODITIES

Oil falls by more than $2 a barrel on Gaza ceasefire talks and weak Chinese economy.
Gold subdued after record run as traders await cues from Fed.
Dalian iron ore reverses losses on stronger steel prices, stimulus hopes.
Scores in central Serbia rally against Rio Tinto's lithium project.
China demand hopes, lower dollar lift copper prices.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 19 August: ASX 200 up 9 | WBC results

Mon, 19 Aug 2024 16:00:00 +1000

ASX 200 managed a small 9-point rise to 7976 (0.1%) as results dominated. WBC off to a promising start, up 2.5% its 3Q update beating estimates, the Big Bank Basket rose yet again to $236.30 (1%). Other financials mixed, MQG lost 0.1% as it launched a $1bn hybrid issue. SUN up 1.3% on results. REITs mixed, GMG down 1.3% with GPT firing 1.7% higher. Industrials wafting around. Staples were ok, retail held on to gains, dull industrials lost ground. REH down 3.9% on results, SVW off 2.2% and RWC also 2.9% lower. In resources, iron ore continues to flounder. BHP falling 0.7% and FMG down another 1.9%, gold miners better on bullion prices NST up 1.7% and EVN up 2.7%. Uranium stocks are falling with a clear out happening, PDN down 5.8% and BOE off 4.6%. Oil and gas slightly firmer. In corporate news, A2M soured 18.8% on the Chinese outlook. ADB soared 19.9% on the same numbers from two weeks ago, WBC did well, NXL leapt 25.5% on its results, and LLC fell 0.8% as it continues to jettison the international division. Nothing on the economic front today, RBA Minutes tomorrow. Asian markets mixed, Japan down 1.7%, China up 0.3% and HK up 0.8%. Australian 10-year yields 3.92%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 19 August: SPI down 14 | WBC results

Mon, 19 Aug 2024 09:00:00 +1000

Wall Street closed out the week higher in an uneventful day of trade. The S&P 500 and NASDAQ rose for their seventh consecutive session advancing 0.20% and 0.21% as most megacaps gained, with Nivida leading the charge, up 1.4%. The Dow Jones finished 97 points higher (0.24%). Up 163 at best. Down 109 points at worst. Small firms Russell 2000 rose 0.30%, and the VIX fell another 2.82%. All three major indexes finished the week higher, clocking their biggest weekly gain since October last year. Dow +2.94%, while the S&P 500 and NASDAQ advanced 3.93% and 5.29%, posting their first weekly gain in five weeks.

ASX SPI Down 14 - WBC Trading Update

WTI down 2.02% and Brent Crude off 1.62%.
Copper dropped 0.29% as BHP said it had reached a deal with the labour union to resolve a strike at its Escondia copper miner in Chile, easing supply concerns.
Base metals ended mixed despite a weaker USD. Nickel +0.30%, aluminium +0.51%, zinc -0.59%, lead -0.10%, and tin +0.10%.
Iron ore futures fell for a fifth consecutive session, down 1.39%, with bearish sentiment prevailing.
Uranium flat and lithium fell 0.21%.
Gold prices hit an all-time high overnight as the USD weakened on growing expectations for a September rate cut. Bullion rose 2.08%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 16 August: ASX 200 up 106 points | ASX, GQG, NAB results

Fri, 16 Aug 2024 16:00:00 +1000

ASX 200 roars 106 points ahead to 7971 (1,.3%) up 2.5% for the week, to finish 30 points above where we were two Fridays ago. Results and reactions the focal point with US strength helping all sectors. NAB with 3Q trading update helped the sector, CBA up 2.,4% and the Big Bank Basket up to $233.86 (2.0%). Insurers also in demand with QBE and SUN up 1%. ASX unchanged on its results, MQG rose 0.6%. REITs were mixed, GMG seeing some profit taking down 1.1% and SGP up 2.0%. Industrials firm. TLS rose slightly on broker comments, AMC slipped 2.8% on its numbers, BXB up 1.5% and REH doing ok. Tech slightly better, WTC up 0.7% and REA adding another 2.5%. In resources, we saw a bounce back despite Iron ore slipping in Singapore again. BHP up 2.0%, and RIO bouncing 1.6%, with FMG seeing some Friday book squaring up 3.1%. Lithium plays were better on hope more than anything, PLS up 5.8% and LTR up 1.3%. Gold miners slightly firmer, DEG up 1.7% and EVN up 3.3%. Energy stocks firmed, WDS up 2.4% and uranium stocks glowing, BOE up 5.5% and DYL up 5.5%. On the corporate scene, results from GQG and DHG saw small losses. On the economic front, RBA chief Bullock was in Canberra talking tough on interest rates. Two-speed economy. Borrowers are struggling debt-free spending. Asian markets firmed, Japan up 8% this week! Up 3.0% today alone. HK up 2.1%, and China unchanged. 10-year yields 3.94%. Dow Futures up 89 points. NASDAQ Futures up 79 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 16 August: US rally continues, SPI up 77

Fri, 16 Aug 2024 08:00:00 +1000

Stocks rallied on Thursday as investors regained confidence in the economy following encouraging consumer and labor data that helped ease recession worries.

The Dow Jones Industrial Average leaped 554 points, or 1.39%, to end the day at 40,563.06. The S&P 500 closed up 1.61% at 5,543.22, for its sixth straight gain. The broad market index has advanced roughly 8% from its intraday bottom on Aug. 5. The Nasdaq Composite jumped 2.34% to 17,594.50.

COMMODITES

Oil rises nearly 2% on upbeat US economic data, geopolitical tension.
Gold pares gains as dollar, bond yields climb after strong US data.
Iron ore hits over 14-mth low as weak China property data clouds demand outlook.
BHP strike in Chile enters third day, buoying global copper price.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 15 August: ASX 200 up 15, jobs numbers stronger than expected

Thu, 15 Aug 2024 16:00:00 +1000

ASX 200 gave up its gains to be up only 15 points to 7866 (0.2%) after being skewered by jobs data and iron ore prices in Singapore. Economic data showed the jobs market was still tight despite the headline number rising to 4.2%. Iron ore slid again in Singapore on Chinese steel news, BHP fell 1.0% and RIO was off 3.6%, including its dividend. FMG down another 2.9% with MIN falling 3.0%. Lithium sector off again, despite PLS bidding for LRS. Scrip bid and PLS dropped 3.9% on the news. Gold miners slid with EVN giving up some recent gains, NST down 0.7% and uranium and coal stocks easing back again. Banks were firm with WBC and ANZ taking up the running. CBA steady and the Big Bank Basket up to $229.33 (0.8%). MQG rallied 1.3% with the ASX bouncing back 0.9%. MFG results out and an acquisition boosted fund managers. GQG up 4.8%. TLS did well on results up 2.1% with many industrials in the green. Healthcare was an interesting space, COH was dumped 7.3% on lower guidance and CSL drifted. Tech mixed, APX down 4.2% and WTC off 0.5%. In other corporate news, ORG fell 9.4% on pessimistic outlook news, GMG beat estimates but not enough to keep it positive, down 1.3%. NUF fell 9.8% on a trading update and TWE reported as expected with the de-premiumisation charge. On the economic front, local jobs numbers came in at 4.2% slightly higher than expected but participation increased. In China, more dismal data and steel companies pulling back hurt commodities. Asian markets slightly better, Japan up 0.7%, China up 0.8% and HK unchanged. UK GDP in focus.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 15 August: ASX 200 up 28 - TLS - GMG - COH - TWE

Thu, 15 Aug 2024 09:00:00 +1000

The NASDAQ and S&P 500 finished 0.03% and 0.38% higher, extending their winning streak to five sessions. US Inflation data reassured the markets the Fed would start cutting rates next month. The Dow advanced 243 points (+0.61%). Up 303 points at best. Down 28 points at worst. Small firms Russell 2000 eased 0.52%, and the VIX dropped 12.53% as sentiment improved. Treasury yields were mixed. 10Y yield was little changed down 0.7bps and the 2Y yield rose 2.4bps. Markets are now pricing a 37% probability of a 50bps cut and 63% probability of a 25bps cut in September. Megacap tech stocks ended mixed Google fell 2.4% on reports the DoJ is considering breaking up the search engine. While Telsa -3.1%, Microsoft +0.7% and Nvidia +1.7%.

ASX to rise. SPI Futures up 28 points (+0.36%).

Oil prices in the red after US crude inventories rose unexpectedly. WTI -1.68% and Brent Crude off 1.35%.
Base metals are broadly higher on rate cut prospects. Copper +0.25%, nickel -0.06%, aluminium +0.60%, zinc +0.93%, lead +0.75%, and tin +0.30%.
Iron ore down 2.29%, hitting a more than one-year low on disappointing credit data from China dampened sentiment.
Uranium flat, and lithium down 0.82%.
Bullion down 0.71%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 14 August: ASX 200 up 24 - CBA Delivers - Iron Ore Slumps

Wed, 14 Aug 2024 16:00:00 +1000

ASX 200 rose another 24 points to 7851 (+0.3%) as iron stocks fell hard on Asian price falls. BHP, RIO and FMG dragging the index back from 7910 high. BHP down 2.8% and FMG crashing 4.6%. Iron ore futures in Singapore sank a further 2.3% to $US96.25 a tonne. Other resource sectors pulled lower. Lithium tried hard to rally, but PLS was unchanged and MIN off 4.6%. Gold miners mixed, RED off 1.4% and BGL down 2.5% with EVN presenting a good set of numbers and rose 6.6%. Oil and uranium not doing too much. Results dominated in industrials; CBA produced a beat and a higher dividend, up 1.3%, with the Big Bank Basket up to $227.58 (+0.7%). MQG rose 0.8%, with insurers slightly firmer, and ASX fell 3.7% as ASIC launched legal proceedings. CSL bounced 2.0%, and healthcare generally was better, with SHL up 2.0% and RHC up 1.0%. PME results delighted the bulls, up 7.2%. Elsewhere, retailers were still in favour, SUL up 2.4% and APE rose 2.1%. Gaming stocks better too, ALL up 1.4% and LNW rising 2.0%. Tech rose, the All-Tech Index up 1.7% with WTC up 2.6% and XRO up 0.5%. REITs also better, GMG up 3.1% with REA up 3.5% too. In corporate results, SVW showed the benefit of owning BLD up 6.8%, ORA rose 5.3% on better results and more M&A interest, and BVS also dId well, up 11.1% on results. Nothing locally on the economic front. RBNZ cut rates as the economy stalls, and the Japanese PM announced he would be stepping down. Asian markets lower, HK and China down 0.5%. 10Y yields fell to 3.93%.Dow and NASDAQ Futures up 0.1%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 14 August: US Markets Bounce on PPI Numbers

Wed, 14 Aug 2024 09:00:00 +1000

Wall Street closed higher overnight, hitting a two-week high after soft PPI data reinforced bets of rate cuts in September. The S&P 500 climbed 1.68%, clocking its biggest four-day rally this year, led by tech stocks. Starbucks was the top-performing stock in the index, rallying 24.5% after appointing Chipotle head Brian Niccol as chairman and CEO. The Dow Jones ended near session highs, finishing 409 points higher (+1.04%). Up 436 points at best.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 13 August: ASX 200 drifts 13 points higher - CSL falls on guidance - TPW soars - Nikkei back with Gusto

Tue, 13 Aug 2024 16:00:00 +1000

ASX 200 rose 13 points to 7827 (+0.2%) in quiet cautious trade ahead of US PPI tonight. Results are once again the focal point. Solid numbers from TPW and good guidance helping the retail sector again, with JBH up 4.0% on broker upgrades, PMV rose 1.2% and HVN pushing 1.9% ahead. Banks, as always were the beating heart of the market, with CBA up 1.5% ahead of results tomorrow. WBC and ANZ better on a broker upgrade, and CGF doing well on results today, up 6.5%. REITs mixed with GMG rebounding 0.9% and SGP off 0.7%. Elsewhere tech was mixed, WTC off 0.7% and REA up 1.0% on broker research, the All-Tech Index unchanged. In healthcare, CSL was dumped 4.6% post results as the outlook was sub-par, and Vifor seems to be still facing headwinds. Iron ore miners were slightly better, BHP up 0.3% and RIO rallying 0.5%, lithium again under severe pressure as PLS dropped 4.4% and MIN down 2.3%. LTR down 5.8%. Gold miners were better, bullion heading higher the driver, NEM up 1.5% and NST up 1.7%, with GMD jumping 8.3% following a large block trade. In corporate news, ORA revealed it had been approached with a NBIO at 255c by Lone Star. JHX is battling weak demand in ANZ together with rising wages and freight charges. On the economic front, wage growth came in a little lower than forecast, helping sentiment. In Asia, Japan has now made back all its losses from the extreme volatility last week. Japan up 2.8%, HK up flat and China -0.1%. 10Y yields slipped to 4%. Dow and NASDAQ Futures up 0.2% and 0.3%, respectively.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 13th August: SPI Unchanged - US Mixed Ahead of CPI - CSL - CGF - JHX Results

Tue, 13 Aug 2024 08:00:00 +1000

US equities ended mixed overnight after a choppy day of trade. The Dow slipped 141 points (-0.36%). Up 90 points at best. Down 246 points at worst. The S&P 500 finished unchanged after two straight days of gains last week, rebounding from last Monday's sharp sell-off that shook markets around the globe. Tech-heavy NASDAQ rose 0.21%, and the Russell 2000 Index focused on small companies lost 0.91%. Markets are now waiting for Wednesday's CPI data. Inflation result needs to be in the sweet spot, volatility may return if inflation is too low, reigniting fears that the US is heading for recession. But if inflation is too high it may encourage fears that the Fed may not be able to cut rates quickly enough to protect the economy. Treasury yields fell a touch ahead of inflation. 10Y yield down 3.2bps and the 2Y yield fell 3.6bps. VIX up 1.67%, Bitcoin down 2.31%, USD Index and Aussie Dollar flat.

SPI Futures flat. Another big day of reporting ahead. Some big names include CSL, SEK, TPW and CGF.

COMMODITES

Oil prices jump on prospect of widening Middle East war shrinking supply.
Gold rises over 1% on safe-haven demand.
Copper rallies ahead of Chinese and US data.
OPEC cuts oil demand growth forecast, highlighting dilemma over Oct hike.
Chevron delivers industry first in ultra-high pressure oil field.
Canada's Barrick Gold beats second-quarter profit estimates.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 12 August: ASX 200 up 36 points - JBH Good - AZJ Bad - BPT Ugly

Mon, 12 Aug 2024 16:00:00 +1000

ASX 200 rose 36 points to 7814 (+0.5%) in quiet trade. Just for a change, banks led the market higher, as we wait for CBA numbers on Wednesday. The Big Bank Basket rose to $222.96 (+0.8%). Other financials were also firm: QBE and SUN were up around 0.9% and 1.4% respectively, with MQG up 1.3%. REITS eased back slightly, with the exception of GMG, which rose 1.3 %. Industrials firmed: WES was up 1.6%, REH was up 1.2%, and retailers got a shot in the arm from JBH results, which beat expectations. Tech rose with the All-Tech Index up 1.5% as WTC rose 2.7% and XRO put on around 1.4%. Resources were a different story; iron ore majors drifted lower, as Iron ore slumped 2% to $US98.80 a tonne on the Singapore exchange. RIO down 1.4% with lithium depressed again, PLS down 2.9%, and MIN falling 3.8%. Gold miners were mixed, oil and gas fluffing about and uranium flat (not falling anymore at least). In corporate news, JBH results beat estimates, rising 8.3%, CAR had some good numbers and a positive outlook up 4.5% and AZJ underachieved falling 8.8%. BPT disappointed again, falling 12.6%. Nothing on the economic front locally, Japan closed for Mountain Day, China and HK flat. 10-year yields softened to 4.04%. European markets opening slightly firmer.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 12 August SPI jumps 59 Points - JBH Special Divided - AZJ Results

Mon, 12 Aug 2024 08:00:00 +1000

Wall Street ended the week on a calmer note in an uneventful day of trade. The S&P rose 0.47%, almost regaining all its losses since Monday's sharp sell-off, triggered by the unwinding of yen-funded carry trade and fears of a recession. The Dow edged higher, up 51 points (+0.13%). Up 182 points at best. Down 216 points at worst. The NASDAQ gained 0.21%, but small firms in Russell 2000 lost 0.17%. Wall Street's fear gauge, the VIX, fell another 14.38% to 20.37, down 47.17% from Monday's 38.57. Longer-dated Treasury yields dipped. 10Y yield fell 5bps, while the 2Y yield rose 2.1bps. Nothing was on the economic calendar overnight, and no Fed Speak was scheduled. Markets focus now shifts to PPI on Tuesday and CPI on Wednesday. Bitcoin gained 0.78%, rising back above $60k, and the Aussie dollar slid 0.3% to 65.72c.

ASX SPI Futures up 59 points - JBH special dividend - AZJ Results

COMMODITIES

Woodside's bid for LNG developer Tellurian unlikely to be rivalled, sources say.
Rio Tinto's Serbia lithium project could take two years to approve, minister says.
Gold holds ground on US Fed rate-cut hopes, lower yields.
Copper rallies as US growth fears ease and China inventories fall.
Oil posts 3% weekly gains on positive economic data, rate cut hopes.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 9 August: ASX 200 rallies 1.3% - Still Down 2.1% on the Week - QBE NWS and REA Results

Fri, 09 Aug 2024 16:00:00 +1000

ASX 200 closes up 96 points to 7777 (+1.2%) still down 2% for the week. Resources took up the baton in the ‘repechage’. Gains in iron ore in Singapore brought buyers back in. BHP up 1.6%, and RIO up 2.0%. Lithium stocks also bounced, with PLS doing well, up 3.0%, as MIN rallied 1.5% and S32 up 3.9%. Gold miners bounced back, NST up 1.2%, and WAF up 6.8% after a baton drop yesterday. Oil and gas better too as WDS bounced 2.3%, with uranium stocks slightly firmer, clean out of the blocks this morning. Banks ran a solid race through to the semis, with ANZ up 1.1% and WBC up 0.7%, with the Big Bank Basket up to $221.19 (+0.6%). Insurers firmed, with the exception of QBE, which had a false start and disappointed selectors. Other financials pushed higher, with MQG up 1.0% and ASX up %. REITS on the podium, GMG up 3.2%, and GPT pushing 1.8% ahead. Good moves from REA and CAR, results from NWS too helping, tech better, WTC up 2.7% and XRO running a PB up 2.6%. The All-Tech Index up 3.2%. Retailers were mixed as NCK rose 0.1% on results, and Travel stocks failed at the new height losing a little. Healthcare stocks rose to the challenge and hopped skipped, and jumped higher, COH up 2.4% and SHL ahead by 0.7%. In corporate news, QBE fell 1.7% on results, NWS and REA delivered. NEU failed a drug test and slipped 5.5% on trial results. Nothing locally on the economic front, Chinese CPI rose. A promising sign for consumerism. Asian markets settled mixed, with Japan up 0.9%, HK up 1.4% and China unchanged. 10-year yields steady at 4.07%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 9 August US Rallies Hard - ASX SPI up 81 - Results in Focus

Fri, 09 Aug 2024 09:00:00 +1000

Wall Street rallied overnight, ending near best levels after jobless claims fell more than expected, easing concerns that the labour market was weakening too quickly. The S&P 500 rose 2.30%, its biggest daily gain since November 2023. All major sectors finished the green, led by tech stocks, although pharmaceutical stock Eli Lily was the biggest winner, up 9.47% after raising its annual profit forecast. The NASDAQ Composite gained 2.87%, while the NASDAQ 100 rose 3.06%, buoyed by gains in the magnificent seven. The Dow traded higher all session, finishing up 683 points (+1.76%), up 745 points at best. Small firms Russell 2000 also gained 2.42%, and Wall Street's fear gauge, the VIX fell 14.58%. Initial jobless claims fell by 17k to 230k, below expectations of 240k, results were received positively by the market but remain significantly above this year's claim average, signalling a softening jobs market. Treasury yields ticked higher, the 10Y yield up 3.7bps and cryptocurrencies saw a surge, Bitcoin jumped 8.51%.

ASX to rally on the opening bell. SPI Futures up 81 points (+1.06%)

COMMODITIES

Oil settles up for third straight day on US job data and Mideast tensions.
Gold rises more than 1% on safe-haven demand, Fed rate-cut optimism.
Copper steadies on China consumption, interest rate hopes.
US refiners trim Q3 output amid weaker margins, plant overhauls.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 8 August - ASX 200 drops 18 points - Banks Rally - Resources Stumble - AMP Surprises

Thu, 08 Aug 2024 16:00:00 +1000

ASX 200 slips 18 points to 7682 (-0.2%) as banks rally and resources slip. BHP testing $40, down 2.0%, with RIO and FMG under pressure too. Lithium stocks fell as MIN down 2.2%, and IGO off 2.5% on nickel plans. Gold miners fell hard as bullion slipped, NST down 2.5% and PRU off 4.9%, with changes in Burkina pushing WAF down 10.8%. Uranium stocks fallout continues with BOE off 4.0% and DYL down 5.6%. Oil and gas mixed, WDS falling away again, down 1.9%, and STO holding steady. Banks held up well on defensive qualities and comments from the RBA governor, perhaps on rates. CBA up 1.4% and ANZ up 1.1% on capital position news, The Big Bank Basket up to $219.92 (+1.3%). Financials firm ASX up 2.2%, and NWL rallying 1.0%. REITs under pressure as MGR disappointed, GMG down 2.2% and GPT down 2.8%. Industrials mixed, COL and WOW up around 0.5% -1.1% with ALL firming 1.3%. Elsewhere, TLS slipped 0.5% and TCL reported today, falling 0.8%. Tech mixed. In corporate news, AMP rallied 13.3% on better-than-expected news, and MYR dropped 7.1% on a trading update. QAN ex-CEO Joyce will forfeit $9m of his pay in review. Nothing on the economic front. Asian markets mixed, Japan down 0.3% and HK up 0.3% with China up 0.2%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre Market Report– Thursday 8th August - US Markets slip on Treasury Auction - SPI down 33 - Results Drop

Thu, 08 Aug 2024 09:00:00 +1000

Wall Street closed lower overnight, ending near worst levels. Indices were weighed down by tech stocks and weak demand in treasury auctions, triggering choppy trading. The Dow fell 234 points (-0.80%). Up 480 points at best. Down 266 points at worst. Treasuries came under pressure after 17 blue-chip stocks offered $31.8bn in debt. Spreads between high-grade corporate bonds and US treasuries jumped to 112bps, its highest level since December 2023. The S&P 500 (-0.77%) and NASDAQ (-1.05%) rose in early trade, driven by the BoJ's dovish signals before falling after a weak 10Y US bond auction dampened sentiment. No Fed speak overnight. Markets are now waiting for initial claims data tomorrow, with options markets pricing in a 1.2% move in equities following the report. The probability for a 50bps rate cut in September at 72%, up from 11.8% just one week ago, according to the CME FedWatch tool. Recession chatter has tempered off a little, though JPMorgan economists now see a 35% chance that the US economy will tip into a recession by the end of this year.

ASX to fall. SPI Futures down 33 points (-0.43%).

COMMODITIES

Oil settles 2% higher on falling US crude stockpiles, rebounds from multi-month lows.
Copper prices drop on jump in inventories, weak Chinese data.
Gold buoyed by Fed rate-cut hopes, geopolitical concerns.
Iron ore extends fall on China demand concern, high supply.
BHP mulling sale of gold, copper mines in Brazil.
Glencore to keep coal assets and stick with London listing.
US crude inventories fall, fuel builds as demand weakens, EIA says.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 7th August - ASX finishes up 19 at 7700 - US Futures better - Tokyo Continues to Bounce on BoJ comments

Wed, 07 Aug 2024 16:00:00 +1000

ASX 200 bounces 19 points to 7700 (+0.3%) as risks start to recede. Soothing words from a BoJ Deputy helped things along. Banks struggled or we would have been higher. ANZ up 0.2% on a broker upgrade, the Big Bank Basket slid to $217.06 (-0.4%). Insurers did better, and market stocks like GQG also did well. A FUM update from this one helped too. Healthcare better, led by CSL up 0.7% and SHL up 0.4%. REITs rebounded too, GMG leading the charge, up 0.7% and GPT up 3.4%. Industrials firm, TLS up 1.3% and WES bouncing 0.7% with tech better too. WTC up 0.5% with the All-Tech Index up 0.68%. Mixed session for resources, the 'Three Amigos', BHP, RIO and FMG, eased but lithium plays saw buyers. PLS saw some short covering together with buyers for MIN and S32. Oil and gas major WDS better on positive broker commentary after its ammonia buy. Uranium stocks also bounced from oversold levels, DYL up 1.0% and PDN up 1.2%. In corporate news, LTM is up 7.5% on its update and strategy review. WGX began trade as a dual-listed company following its Canadian merger. In economic news, China announced a better-than-expected import number as it appears to be restocking before US chip bans; Asian markets rallied, with Japan up another 2.3%, and HK up 1.7%, with China +0.4. 10-year yields around 4.08%. Dow Futures up 222 points. NASDAQ Futures up 154 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report - Wednesday 7th August - US Rally Fizzes - SPI Down 17 - US Earnings in Focus

Wed, 07 Aug 2024 08:00:00 +1000

ASX to slip. SPI Futures down 19 points (-0.25%).

US equities snapped a three-day wild rout as investors piled back into the market following recent comments by Fed officials easing US recession concerns. The S&P 500 rose 1.04%, with all major sectors finishing the green, supported by bargain hunters after the index fell into “oversold” territory. The NASDAQ advanced 1.03%, supported by gains in the Nvidia up 3.8%. The Dow Jones ended 294 points higher (+0.76%), paring earlier gains in late afternoon trade. Up 746 points at best. Down 65 points at worst. Small caps Russell 2000 gained 1.23%, and the VIX saw its biggest daily fall since 2010, down 28.16%. US treasury yields jumped as fears of a US recession were seen as overdone. 10Y yield up 12.2bps and 2Y yield up 9bps. In Fed speak, fed officials pushed back against hard landing and recession concerns. Fed’s Daly said the US economy is not falling off a cliff and pointed to the Jobs numbers that included higher numbers of temporary layoffs and supply increases. In Asia, Japan’s TOPIX rebounded 9.3%. Japanese officials trying to calm markets, with the prime minister urging calm while highlighting coordination between the government and the BoJ.

COMMODITIES

Oil prices settle higher; signs of tighter supply end 3-day swoon.
Gold eases as dollar, yields firm; Fed rate cut hopes lend support.
Copper recovers, but investors wary about economy, China.
Aramco profit dips 3%, keeps $31.1bn dividend unchanged.
EIA sees tighter US oil market for 2024, lowers price outlook.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday August 6th - ASX 200 up 31 - RBA leaves Rates on Hold - Asia Recovers _ Tepid Recovery Here

Tue, 06 Aug 2024 16:00:00 +1000

ASX 200 bounces 31 points to 7681 (+0.4%) as Japan rebounds strongly. RBA left rates unchanged as expected. Bank bounced hard, with the Big Bank Basket up to $217.86 (+1.4). Other financials were mixed, MQG gained 1.3%, but NWL fell 0.4%. REITs bounced hard too, GMG up 2.2%, with SGP putting on 0.9%. Industrials firmed, TCL up 0.2%, and WES rallying hard up 2.3%, with tech slightly less enthusiastic. QAN added 1.6%, with retailers also back in demand. JBH up 1.8%, and LOV up 3.1%. Resources were dormant, BHP up 0.4% and RIO down 0.3%, Gold Miners sagged as bullion fell, NST unchanged, going against the trend, NEM down 3.4% and EVN down 1.3%. Diggers and Dealers continues in WA. Uranium stocks rose slightly, and lithium remains slightly depressed. In the oil and gas space, WDS fell 5.1% on another US acquisition. STO better with a 1.5% gain. On the corporate front, AD8 collapsed 36.3% on a weak result and guidance update, TWE rose 1.0% as it moved to focus on premium brands. On the economic front, the RBA head rates unchanged with a hawkish tinge. Higher for longer would seem the mantra. Meanwhile, in Asia, a significant bounce back, Japan up 9.3%, China slightly weaker again and HK down 0.2%. European futures showing a small bounce. FTSE up 1%. France is at the Olympics. Dow Futures up 367 points and NASDAQ Futures up 315 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 6th August - SPI down 27 - US markets fall around 3% - RBA today - Japan in Focus

Tue, 06 Aug 2024 09:00:00 +1000

Wall Street finished deep in the red overnight, hit with a renewed bout of volatility on talks about a US economic recession and a wave of institutions unwinding popular carry trades in Japan. The S&P 500 plunged 3%, its worst daily fall in about two years, down ~8.5% from its peak. The NASDAQ plummeted 3.43%, and the Dow lost 1,034 points (2.60%). Down 1,238 points at worst. Small caps Russell 2000 fell 3.33%, and Wall Street's "fear gauge", the VIX, surged 64.90%. At one point, it registered its largest daily spike since 1990. Japan's TOPIX fell 12%, recording its biggest three-day fall stretching as far back as 1959 as institutions rushed to unwind their carry forward trades (See Marcus Take for in-depth analysis). In Fed Speak, Chicago President Goolsbee attempted to downplay recession fears, stating that the Fed does not react to one month's numbers on jobs and can wait for more data before the September meeting. Meanwhile, the probability of a September rate cut now sitting at 83%, according to the CME FedWatch Tool. The gap between 10Y and 2Y yields briefly turned positive for the first time since July 2022 before later inverting, with the 2Y now ~12bps above the 10Y yield. USD Index slid 0.46%, and bitcoin tumbled 7.15%.

ASX to fall. SPI Futures down 27 points (-0.36%).

COMMODITIES

Oil falls as global equities selloff offsets rising Middle East tensions.
Gold slips over 1% as wider market rout spills over.
Global growth angst pushes copper to 4-1/2-month low.
BHP requests state mediation with Escondida union in Chile.
Glencore to pay $152mn to resolve Swiss bribery investigation.

End of Day Podcast – Monday 5th August - ASX 200 Falls 3.7% - Japanese Banks Tumble - Carry Trade Unwinds - US futures Show Significant Losses Ahead Still

Mon, 05 Aug 2024 16:00:00 +1000

ASX 200 fell a huge 294 points or 3.7% today to 7650 as banks came under serious pressure. Financials across the region were aggressively sold off from MQG to Mitsubishi. The Big Four were torched, and the Basket dropped to $214.81 (-5%). CBA falling 5.7%. Insurers too sold down aggressively, QBE down 5.0% and SUN off 5.8%. REITs were also sold off despite yields remaining relatively steady. GMG down 7.1% as a tech stock, GPT off 2.6% and SGP down 3.5%. Industrials also in the seller’s sights, WES down 3.4% with WOW and COL off 2.9% and 1.2% respectively. REH down 4.7% and BXB falling 4.3%. QAN dipped 4.9% amidst a shake-up of airport slots. Tech wrecked, WTC off 8.8% and XRO falling 5.6% with the All-Tech Index down 6.1%. Resources outperformed, BHP down only 2.1% with RIO hardly changed, FMG down 1.9%. Gold miners eased despite bullion holding steady, EVN down 2.0% and GMD off 1.9% with NEM off 2.0%. Uranium fallout continues and lithium stocks mixed. PLS lower by 1.1%. Oil and gas down, WDS off 3.6% on WA environmental issues, STO fell 5.0%. In corporate news, ARG reported profits down on last year, falling 2.0%. RHC downgraded guidance to 265-270m, falling 0.3%. Nothing locally on the economic front, RBA tomorrow. No rate rise expected. Asia markets in all sorts, Japan had to have trading suspended due to the heavy falls especially in the financials. China modestly lower in comparison.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 5th August - US Markets Fall Hard - SPI Down 115 - Risks Grow - NFP Stokes Recession Fears

Mon, 05 Aug 2024 08:00:00 +1000

The sell-off on Wall Street continued for a second consecutive session overnight. Weak jobs data fuelled worries that the Fed's decision to hold rates at two-decade highs is risking a hard landing/recession. Market fears have triggered a surge in volatility seeing the VIX jump to 23.39 (+25.8%), its highest since March 2023. The S&P 500 recorded its worst reaction to jobs data in almost two years, falling 1.84%. The NASDAQ plummeted 2.43% and confirmed it was in correction territory. The Dow traded lower all session, losing 611 points (-1.51%). Down 989 points at worst. The Russell 2000 slumped 3.52%, falling to a three-week low and saw its largest two-day fall since June 2022. Non-farm payrolls rose by 114k in July, significantly below expectations of 175k, marking one of the weakest prints since the pandemic. US Unemployment rate unexpectedly rose for a fourth month to 4.3%, a near three-year high. Treasury yields took a nosedive overnight after jobs numbers showed the US created fewer jobs than expected, supporting bets for more aggressive rate cuts by the Fed this year. 10Y yield dropped 18.8bps and the 2Y yield fell 28.5bps. USD Index fell to a four-month low, down 1.14%. Bets for a 50bps cut by the fed at a September meeting have jumped to 69%, according to CME FedWatch.

ASX set to tumble another 115 points (-1.46%) according to SPI futures.

COMMODITIES

Exxon delivers $9.2bn Q2 profit, raises output target.
Chevron earnings slide, Hess merger arbitration drags on.
Chilean court rejects Tianqi's request to pause SQM-Codelco deal.
Copper firms on potential US rate cuts after jobs data.
Oil settles at 8-month low after disappointing US job numbers.
OPEC oil output rises in July on Saudi rebound, survey finds
Gold retreats on profit-taking and logs weekly gain.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 2nd August - Murder on the Dance Floor - ASX drops 171 ahead of US Jobs

Fri, 02 Aug 2024 16:00:00 +1000

ASX 200 drops 172 points in the worst one-day fall in 16 months, to 7938 (-2.1%). For the week, we are relatively unchanged. All that record-breaking rally was undone. Big hits across the board as US markets led us lower and Japan in trouble. Banks were sold off aggressively, with CBA leading the sell off down 2.8% as ANZ fell only 1.8%, outperforming. MQG off 2.2% on news of a $1bn hybrid issue, compounding weakness. Insurers too in negative territory as yields fell. REITs too saw sellers as GMG reversed some gains from yesterday to close down 5.1%. Healthcare saw some pressure. CSL dropped 1.6%, with RMD results out this morning proving a short-term positive at least for a while, until a slight rethink and the stock closed down 1.8%. Industrials were also under pressure. WES fell 2.9% with QAN crash landing 4.1% as retail slipped lower too. LOV down 4.6% and JBH off 3.0% on a broker downgrade too. In the miners, it was a train wreck for uranium stocks, the fallout from the NXG capex increase, plus news from Kazatomprom, put a knife into the sector. It was not a great day, SLX caught the bug down 8.5%, DYL fell 19.2% and PDN off 10.8%. Big iron ore miners fared relatively better, with BHP down only 1.2% and RIO off 0.8%. Lithium stocks depressed, and the short sellers in PLS celebrated with a 6.5% drop. Oil and gas stocks are lower too. In corporate news, SQ2 put out a solid update with a BNPL boost from Afterpay, three years this week since the deal. On the economic front, nothing locally with US payrolls tonight. Asian markets poleaxed with Japan falling the most since 2020, down 5.2%, HK off 2.4%, and China down a more modest 0.8%. 10-year yields rising slightly to 4.08%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 2 August: US Markets Tumble - Volatility Returns - SPI down 144 - Apple Reports

Fri, 02 Aug 2024 08:00:00 +1000

US equities kicked off August sharply lower as the market whipsawed to risk-off just a day after the S&P 500 and NASDAQ recorded their best daily performance since February on Wednesday. The Dow ended 495 points lower (-1.21%). Up 254 points at best. Down 744 points at worst. The S&P 500 lost 1.37%, just one day after rallying 1.6%, and the tech-heavy NASDAQ dropped 2.30%. Russell 2000 slumped 3.03%, its biggest daily loss since February, and Wall Street's fear index, the VIX, briefly traded above 19 before easing to 18.59 (+13.63%). Economic data overnight has spurred concerns that the US economy is slowing faster than expected. Early gains in the market evaporated after the US ISM Manufacturing PMI showed a larger-than-expected contraction, falling to 46.6 in July, its 20th decline in activity over the last 21 months. Cracks in the labour market also began to emerge, with Initial Jobless claims rising to an 11-month high, climbing 14k to 249k, exceeding expectations of 236k. Treasury yields tumbled on soft economic data, the 10Y and 2Y yields have fallen to six-month lows, with the 10Y yield now under 4%. USD edged higher as rising geopolitical concerns in the Middle East drove a safe haven boost, while the British pound fell after the BoE cut interest rates from a 16-year high.

ASX set to tumble. SPI Futures down 144 points (-1.78%)
COMMODITIES

Copper falls on soft Chinese factory data, higher inventories.
Gold withdraws from two-week high as focus shifts to US payrolls data.
Oil slips over $1 as supply intact despite Middle East conflict fear.
Iron ore rises to more than 1-week high on upbeat demand outlook, China stimulus hopes.
Shell beats forecasts with $6.3bn second quarter profit.
Japan's Nippon Steel raises FY profit forecast after Q1 beat.
OPEC+ sticks to oil policy, repeats could pause Oct hike.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 1 August: ASX 200 up 22- Record - Banks Ease- Banks weaker as Resources find Friends - BOE tonight

Thu, 01 Aug 2024 16:00:00 +1000

ASX 200 rallies only 22 points to 8115 (+0.3%) as good times roll. Record high. A slight sell-off in the banks with a tentative rotation to resources. BHP up 0.5% and RIO doing much better up 1.9%. FMG underwhelmed, although up another 0.6%. Gold miners better but still no real frenzy, NST up 0.9% and NEM up 2.0%. Uranium and lithium tried to rally but it was muted. PDN up a modest 2.2%. PLS up 4.4% as Albemarle announced closures to Australian production. Oil and gas slightly firmer, WDS up 1.5% and KAR doing well, up 3.8%. Banks slid a little. CBA down 0.9% and ANZ up 0.7%, as some catch-up required! MQG rose 0.7%, with insurers under a little pressure as 10Y yields fell to 4.08%. REITs racing ahead, GMG up 3.8% and GPT up 0.7%. Tech better, WTC up 1.4% and XRO pushing 1.5% ahead. Staples doing well, WOW up 1.0%, with ALL up 0.2%. In corporate news, PSQ got a knockout bid at 205c, BVS rose 2.2% on a return of capital and DRO returned to trade, promptly falling to close to the issue price, down 14.8%. On the economic front, Balance of Payments came in below expectations, increasing $537m in June. Asian markets are weaker despite US futures firming. Japan down 3.2%, China flat and HK +0.2%. Dow Futures up 0.2% and NASDAQ Futures up 0.7%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 1 August: ASX SPI up 17 - US markets jump - Meta Delivers -Fed Holds

Thu, 01 Aug 2024 09:00:00 +1000

US equities rallied overnight, driven by a surge in tech stocks and dovish commentary from Powell. The S&P 500 climbed 1.58%, with six out of 10 sectors advancing, led by tech and consumer cyclical stocks. The NASDAQ rose 2.64%, its second-biggest daily percentage gain since February, buoyed by gains in Nvidia, up 12.8%, on positive sales forecast by peer AMD, which also rose 4.34%. Philadelphia SE Semiconductor Index finished up nearly 7%. The Dow gained 99 points (+0.24%) up 455 points at best, and small caps Russell 2000 added 0.51%. For July, equities were mostly higher, with significant rotation out of tech, growth and momentum stocks and into small caps and value. Dow +4.41%, S&P 500 +1.13%, NASDAQ -0.75%, and Russell 2000 +10.10%. The Fed held rates at 5.25%-5.50% as expected. There were no explicit signals for a September rate cut. However, Powell said a rate cut could be on the table in September. US treasury yields tumbled. Both the 10Y and 2Y yields fell over ten basis points each. The US dollar fell 0.49% and Bitcoin eased 2.13%.

ASX to rise. SPI Futures up 17 points (+0.21%).

COMMODITIES

Oil gains nearly 3% on rising Mideast tension, falling US crude stockpiles.
Gold climbs over 1% after Fed's Powell hints at early rate cut.
Copper up on weaker dollar, hopes for Chinese stimulus.
Tumbling lithium prices push Albemarle to fresh round of cost cuts.
Chevron's proposed deal for Hess faces new delay over arbitration schedule.
US oil demand set seasonal record in May, EIA data shows.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 31 July: ASX has huge session up 139 points

Wed, 31 Jul 2024 17:00:00 +1000

ASX 200 has finished the day with a huge rally up 139 points or 1.8% to 8092. It’s best session since November 2022. All major sectors closed in the green after an after-hours chip stock bounce in the US combined with a mid-morning inflation numbers boost (+1% QonQ in line with expectations). Rate-sensitive Technology was the best-performing sector as bond yields took a huge fall. Australian 2Y down 15.9bp and the 10Y down 13.6bp (almost equivalent to one rate cut).

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 31 July: ASX SPI up 29 - Microsoft Results _ AMD Numbers - CPI and Retail Sales in Focus

Wed, 31 Jul 2024 09:00:00 +1000

Wall Street finished mixed as mega-cap tech stocks extended their losses in late trade as Microsoft’s results fuelled concerns over AI. The Dow advanced 203 points (+0.50%) with gains in major banks offsetting losses in Merck -9.81% and Procter & Gamble -4.84%. Dow up 326 points at best. Down 11 points at worst. S&P 500 fell 0.50%, while the S&P Equal Weight Index gained 0.46%, buoyed by gains in the financial and energy sectors. NASDAQ Composite tumbled 1.28%, and the NASDAQ 100 slid 1.38%, which is now down ~9% from its all-time high and tittering on the cusp of correction. Nvidia fell 7%, erasing $193bn from its market value dragging the Philadelphia semiconductor Index down 3.88%. Funds found their way to small caps. The Russell 2000 rose 0.35% as the rotation out of growth mega caps continues. In economics, the June JOLTS report showed job openings ticked lower, though higher than expected, and US July consumer confidence came in roughly in line with expectations though consumers were still largely concerned about inflation. Treasury yields eased, and the VIX jumped 6.57%.

ASX to rise on opening bell. SPI Futures up 29 points (+0.37%).

COMMODITIES

Oil prices slide 1%, settle at 7-week low on China worries.
Iron ore retreats further as key China economic meeting, strong global supply weigh.
Aluminium hits 5-month low, copper down on risk-off sentiment.
Gold climbs on rate cut hopes as Fed meeting looms.
BP raises dividend as $2.8bn quarterly profit beats forecasts.
OPEC+ likely to stick to output policy at Aug 1 JMMC meeting.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 30 July: ASX 200 makes Good Recovery from Early Rout - Down 36 points - FMG down 10% as Block Trade Hurts - CCP Beats Expectations.

Tue, 30 Jul 2024 16:00:00 +1000

ASX 200 rallies off lows to close down 36 points at 7953 (-0.5%) as banks steadied after early falls. CBA up 0.8%, and the Big Bank Basket rising to $231.70 (+0.4%) as ANZ copped a broker downgrade. Financials were generally steady, with REITS under some pressure, GMG off 0.5% and SGP down 0.7%. MPL rose 1.3%, bucking the negativity. Industrials were slightly weaker, no real harm done, tech eased back but off lows. WTC down 2.1%, and REA off 0.4%. Once again, it was resources that stumbled. FMG fell 10.2% under serious pressure as a $2bn block trade was being priced. Iron ore weakness was headwind too, BHP down 1.3% and RIO off 1.0%. Lithium was weaker again, PLS down 4.5% and MIN dropping 3.7%, with gold miners also under pressure. EVN down 1.3% and PRU off 4.3%. Oil and gas slipped too, as Brent fell below $80. Uranium stocks also easing back. In corporate news, CCP rose 14.0% on its better-than-expected results, and APX was Lazarus-like in a business update, rising 55.8%. BHP joined with Lundin to make a Canadian copper asset, IGO fell 4.8% after reporting higher underlying earnings. Nothing on the economic front as the BoJ meeting kicks off today. Asian markets lower, Japan down 0.2% and HK down 1.3% with China off 0.7%. Dow Futures up one point and NASDAQ Futures down 16 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 30 July: US Markets Tread Water - SPI Down 55 - Quarterlies Continue

Tue, 30 Jul 2024 08:00:00 +1000

Wall Street ended virtually flat overnight ahead of a big week of tech earnings, Fed interest rate decisions and US labour data all due this week. The Dow slid 49 points (-0.12%). S&P 500 and NASDAQ finished near flat, up 0.08% and 0.07%, respectively. Small caps Russell 2000 underperformed, down 1.09% and Wall Street's ‘fear gauge’ the VIX rose 2.41%. Mcdonald's shares gained 3.7% despite reporting a surprise drop in sales, its first in 13 quarters, as executives pledge to launch new promotions. Telsa jumped 5.6% after Morgan Stanley added it to its “top pick” US autos list. Bitcoin hit seven-week highs before easing a touch resulting in some choppy trading in Crypto stocks. Coinbase fell 3.59%, while Marathon Digital and Riot Platforms fell over 5% each. US treasuries barely budged. 10Y yield eased 2.3bps, and 2Y yield rose 1.6bps. Markets are expecting a Hold from the Fed this week, while the consensus is that the Fed will cut in September, with the probability sitting at 88.7%, according to CME FedWatch tool.

ASX to slip. SPI Futures down 55 points (-0.69%).

COMMODITIES

Union at BHP's Escondida mine urges rejection of contract offer, strike possible.
Trump effect in clean tech sector deepens angst in Europe's boardrooms.
Aluminium at 4-month low on short positions buildup, high inventory.
Gold slips as dollar gains, traders eye Fed meeting.
Dalian iron ore pares losses on better China data, stimulus hopes.
Oil falls 2% as Israel seeks to avoid broader Middle East conflict.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 29 July: ASX 200 up 68 - Banks lead - Tech and Industrials Firm - US earnings in Focus

Mon, 29 Jul 2024 16:00:00 +1000

ASX 200 rallies another 68 points to 7990 (0.9%). Big week with Dow futures showing a positive start to the week. Banks and industrials once again the star of the show as CBA lifted another 1.3% with the Big Bank Basket up to $230.61 (1.0%). ANZ lagging, falling 1.2%, as the bond trading scandal hold buyers back. Insurers strong again and financials in demand, MQG up 1.2% and ASX up 1.3%. REITS doing well again, GMG up 2.1% and SGP pushing 1.1% higher. Healthcare better except RMD falling 2.1% as US falls reverberate, CSL up 1.1% and PME up 2.1%. Tech stocks better too following Nasdaq higher , WTC up 2.2% and the All-Tech Index up 1.5%. Resources were flat with no real follow through, BHP, FMG and RIO relatively unchanged after early gains faded. Lithium patchy, as was uranium and rare earths. Gold miners were mixed NST up 0.9% and EVN down 0.3%. Oil and gas pushed higher on higher crude prices. Uranium stocks eased with PDN falling 2.2% and BOE slipping on news it had tried to buy Jabiluka. In corporate news, KGN raced ahead before crashing back to earth, down 0.9%. Nothing on the economic front, some news from APRA on mortgage buffers. Asian market strong. 10-year yields steady at 4.28%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 29 July: SPI up 60 as US PCE comes in as Expected. Fed and BoJ Week

Mon, 29 Jul 2024 09:00:00 +1000

US equities closed out the week on a positive note recouping some ground lost earlier in the week, boosted by inflation data raising optimism for a September rate cut. The Dow rallied 654 points (+1.64%), buoyed by gains in 3M up 22.9% its largest daily gain in decades after it raised the lower end of its profit forecast. The S&P 500 closed 1.11% higher, and the NASDAQ gained 1.03%, aided by rebounds in mega cap tech stocks. Meta leading gains for the Magnificent Seven, up 2.7%. Rotation into small caps continues. Russell 2000 rose 1.67%, and Small Cap 600 rose 1.81%. In economics, PCE data showed prices increased moderately in June. PCE up 0.1% MonM, and 2.5% YonY. Core PCE rose 0.2% MonN, and 2.6% YonY. Additionally, consumer spending and income advanced 0.3% and 0.2%, respectively. Treasury yields fell. 10Y yield fell to a one-week low down 4.9bps, and the 2Y yield fell 5bps. Bitcoin joined the rally, up 2.9%, while the USD Index ended flat, down 0.03%.

ASX SPI up 60 points

COMMODITIES

Chile's Codelco says output falls 8% in first half of 2024.
Vale on track to hit top end of iron ore guidance, upbeat on China.
Citi expects copper to recover to $9,500/t within three months.
Copper set for third weekly decline on Chinese demand woes
Oil falls 1.5%, ends week lower on China demand fears.
Gold rises as yields slip after US data lifts rate-cut hopes.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 26 July: ASX Rallies 60 as Resources Rebound - US PCE in Focus

Fri, 26 Jul 2024 16:00:00 +1000

ASX 200 rallies 60 points to 7928 (0.8%) as iron ore rallies and China throws some money at stimulus. The ‘Three Amigos’ all spurted ahead, BHP up 2.2%, RIO jumps 2.8% and FMG more muted post quarterly only up 1.0%. Lithium stocks got a lift from EV stimulus, PLS up 3.8% and MIN up 3.5% on quarterly. Some short covering adding to gains. Gold miners crashed as BGL returned, down 21.6%. NST dropped 3.2% with PRU off 3.1%. Oil and gas a little firmer, KAR up 5.8% on research WDS up 0.3% and some buying in uranium appeared. Banks were again a little better, WBC up 0.9% and the Big Bank Basket up to $228.30 (0.4%). MQG saw a 1.5% rally as brokers hoped for a 2H rebound. Insurers did well, QBE up 2.5% and SUN up 1.2%. REITs improved, GMG bouncing 1.1% with SGP up 1.4%. Industrials firm across the board, WES up 1.0%, TCL up 0.6% and retail powering ahead still. PMV up 1.7% with JBH 1.0% ahead. Tech stocks better, WTC up 1.5% and XRO up 1.1%. The All-Tech Index up 0.3%. In corporate news, NEC is facing strikes from staff on eve of Paris Olympics. Nothing on the economic front but US PCE tonight. Asian markets little changed as China moves again to try and stimulate.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 26 July: US Markets Stabilise - SPI Jumps 33 - Gold Drops 1.3%

Fri, 26 Jul 2024 09:00:00 +1000

Wall Street ended mixed overnight, following its worst performance since 2022 yesterday as markets began to doubt the sustainability of the AI-driven rally. The Dow edged 81 points higher (+0.20%). Up 585 points at best. Down 36 points at worst. The Russell 2000 gained 1.26% recouping most of the previous days' losses. Approximately 300 companies in the S&P 500 advanced, but the index fell 0.51%, falling below 5,400. The S&P 500 is now down ~5% from its all-time high. The NASDAQ lost 0.93%, weighed down by losses in mega-cap tech stocks. In economics, US Q2 GDP showed the economy grew at 2.8% QonQ, significantly above expectations of 1.9% and the prior quarters 1.4%. Initial jobless claims dropped more than expected by 10k, and US durable goods orders unexpectedly fell 6.6% MonM in June after four consecutive monthly increases. Longer dates treasury yields fell on GDP numbers. 10Y yield fell 4.1bps, while the 2Y yield finished near flat. USD Index flat, and Bitcoin up a touch. In Asia, Chinese blue chips stocks the Shenzhen fell 0.22% and Hong Kong's Hang Seng 1.77%, finding little support from Beijing's latest easing step.

ASX to rise. SPI futures up 33 points (+0.42%).

Oil edges higher on upbeat US economic data.
Gold hits over 2-week low as investors book profit; US data in focus.
Iron ore drops further as strong supply, China steel sell-off weigh.
Copper falls below $9,000 level, prompting Chinese buying.
Brazil government mulls 'tougher measures and sanctions' on Vale, minister says.
Anglo American has a job to exit post-BHP hole.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 25 July: ASX 200 drops 103 points - Banks Hold Up - FMG and MQG Punished

Thu, 25 Jul 2024 16:00:00 +1000

ASX 200 falls 103 points to 7861 (-1.3%) on US tech falls and quarterly disappointments. Banks held up relatively well as the Big Bank Basket fell to $227.50 (-0.4%). NAB down 0.9% and MQG falling 3.4% on its AGM update showing weakness on deal flow still. MFG bucked some weakness in the sector, insurers eased slightly. REITs got sold down, GMG down 3.1%, leading losses, GPT up 0.9% and VCX unchanged. Industrials fell across the board, WES dropped 2.9%, with TCL off 1.9% as tech stocks fell hard, WTC down 3.2%, and XRO off 3.5%, with the All-Tech Index down 1.8%. Utilities also under a little pressure, ORG off 1.5% and AGL down 1.0%. Resources stuck to the playbook and fell despite a cut to some rates again in China. BHP down 0.9%, and FMG cratering 5.5% on its quarterly and a potential jump in unit costs. Gold miners slid as bullion dipped, EVN down 3.4% and GMD off 2.3%. Lithium stocks weaker again, PLS slid 0.7% and LTM off 2.2%. Oil and gas back in the red, WDS down 1.4% and STO off 3.2%, with uranium stocks easier too. PDN down 3.7%, and DYL off 4.6%. In corporate news, the ANZ bond trading scandal is getting more serious, NST down 0.4% on its quarterly. SEK wrote down its Chinese investment in Zhaopin by $141n. In Asia, Japan clobbered down 3.0%, with HK off 1.7% and China off 0.5%. Nothing locally on the economic front. 10Y yields steady around 4.31%. US GDP tonight.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 25 July: US markets Tumble on Earnings - SPI down 75 - MQG Update

Thu, 25 Jul 2024 08:00:00 +1000

Stocks sold off Wednesday, weighed down by underwhelming reports from Tesla and Alphabet, leading the S&P 500 and the Nasdaq Composite to post their worst session since 2022. The broad market index lost 2.31%, closing at 5,427.13, while the tech-heavy Nasdaq slid 3.64% to end at 17,342.41. The Dow Jones Industrial Average lost 504.22 points, or 1.25%, closing at 39,853.87.

The U.S. PMI flash manufacturing output index fell to 49.5 in July, unexpectedly slipping into contraction territory as new orders, production and inventories declined.

Bank of Canada cuts rates again.

ASX SPI Down 75 points.

Gold rises on softer dollar, traders eye more US data.
Oil prices finish higher as US oil, fuel inventories ease.
Copper falls to 3-1/2-month low on high inventory, selling by funds.
Dalian iron ore extends falls on weakening steel market, demand outlook.
Newmont beats profit estimates on higher gold production.
Anglo to face investors with wary eye on BHP's potential return.
Chile's lower house of Congress asks Boric to void Codelco-SQM deal.
US refiners' Q2 profits fall on low margins, soft fuel demand.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 24 July: ASX 200 Treads Water - Down 7 points - FLT Falls 4.8% - Gold Miners Shine

Wed, 24 Jul 2024 16:00:00 +1000

ASX 200 down 7 points in range-bound trade as we watch and wait (for what?) The index fell to 7964 (-0.1%), with banks steady, CBA down slightly, the Big Bank Basket at $228.39 (0.1%). Insurers did well, QBE up 0.4% and SUN up 1.3%. REITS got whacked led lower by GMG down 2.1%. Industrials a little mixed, TCL fell 0.4%, with WOW and COL modestly lower, tech slipped slightly, WTC off 1.2% and SEK down 1.1%, with CAR off 1.4%. Resources found some love finally, FMG up 0.5% and PLS unchanged on quarterly numbers. Gold miners green across the screen. EVN up 4.1% and NST up 2.4% as AUD fell below 66c. Oil and gas eased again, WDS down 1.1%, uranium stocks down again, PDN off 2.2%, and BOE falling 2.2%. In corporate news, plenty of quarterlies, FLT fell 4.7% on narrower guidance, TLX fell 7.2% on a convertible hedge trade. PPT lost 0.7% on latest FUM numbers, and PTM put on 0.9% on fund restructure. Nothing on the economic front locally. Asian markets lower again, Japan down 1%, China off 0.4% and HK eased 0.6%. 10Y yields steady at 4.33%

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 24 July: ASX SPI up 11 - Tesla Disappoints - Alphabet Beats Estimates in Places but Lacks Detail

Wed, 24 Jul 2024 08:00:00 +1000

Wall Street finished broadly lower, ending near worst levels before Tesla and Google kicked off the “Magnificent Seven” reporting season after the closing bell. The Dow Jones closed 57 points lower (-0.14%). Up 112 points at best. Down 96 points at worst. The S&P 500 lost 0.16%, and the NASDAQ was flat. Small caps outperformed. The Russell 2000 gained 1.02%, and the VIX edged lower. Telsa fell 2.0% before results and is currently down 7.0% in after-hours trade after the company reported its lowest profit margin in more than five years and missing earnings expectations. Google rose 0.1% before results, now down 1.56% in after-hours trade despite beating Q2 revenue and profit estimates. US treasuries are down a touch following a weak housing market report and a strong 2Y note auction. USD rose 0.12%, and bitcoin gained 0.21%.

Tesla drops 7.4% after hours on quarterly. Alphabet modestly lower.

ASX to inch higher. SPI Futures up 11 points ( +0.14%).

COMMODITIES

Iron ore hits three-month low on bleak China demand outlook.
Oil prices fall 2% to six-week low on ceasefire talks, demand concerns.
Copper hits multi-month low on growing Chinese demand fears.
Gold gains ground as investors eye US data for Fed clues.
BHP must stop funding legal action to halt Mariana dam claim, court rules.
API shows weekly US crude, fuel stockpiles fell, market sources say.

Recent editions of PRE-MARKET REPORT
-Select-
Tuesday, 23 Jul 2024
Monday, 22 Jul 2024
Friday, 19 Jul 2024
Thursday, 18 Jul 2024
Wednesday, 17 Jul 2024
Tuesday, 16 Jul 2024
Monday, 15 Jul 2024
Friday, 12 Jul 2024
Thursday, 11 Jul 2024
Wednesday, 10 Jul 2024

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 23 July: ASX 200 Rallies Back 39 points Ahead of Tesla and Google - Resource Still Unloved

Tue, 23 Jul 2024 16:00:00 +1000

ASX 200 rises 39 points to 7671 (0.5%). Banks and industrials lead the market back from Monday’s loss. CBA up 1.1%, NAB up 1.2% and the Big Bank Basket up to $228.53 (1.1%) Insurers and other financials also doing well. QBE up 0.5% and SOL up 0.9%. REITS a little mixed, GMG down 1.0% but others firm. Healthcare stocks also in demand, CSL up 1.0% COH up 2.9% and RMD up 1.7%. Supermarkets saw sellers, WES up 1.9% and TCL up 1.3% on Brisbane news. Tech stocks ran, the All -Tech Index up 1.4% with WTC and XRO up around 2%. Resources were once again the drag, iron ore stocks fell, FMG down 1.4% with RIO off 0.6% and the gold sector under some pressure as risk wanes. NST down 1.4% with EVN off 1.9%. Lithium stocks remain out of favour as do rare earths, new entrant AXL collapsed 37.5% on listing., Oil and gas under pressure as WDS lost 3.7% after disappointing with quarterly and broker review following acquisition. Uranium continues to lose its gloss. In corporate news, LYC quarterly fails to impress, PNV up 7.9% on quarterly revenue jump. SPR jumped 23.6% on a reserve upgrade, and ARU locks in debt funding. Nothing on the economic front today. Asian markets a little weaker, Japan unchanged, HK unchanged and China down 1%. 10 -year yields 4.34%.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 23 July: US Tech Rallies Before Results - SPI up 55

Tue, 23 Jul 2024 09:00:00 +1000

US equities rallied overnight, rebounding from their worst weekly performance since April. The Dow halted a two-day skid, rising 128 points (0.32%). Up 185 points at best. Down 65 points at worst. The S&P 500 and NASDAQ rose 1.08% and 1.58%, respectively, led by gains in the “Magnificent Seven”. Russell 2000 advanced 1.66%, and Wall Street's fear index, VIX, plummeted 9.75%. S&P 500 Tech sector gained 1.78%, topping sectoral gainers and breaking its four-day losing streak. Alphabet (+2.2%) is expected to report a ~14% rise in quarterly revenue, marking its fourth consecutive double-digit growth. Telsa jumped 5.1% despite reports that their Q2 margins are expected to hit a more than five-year low. US treasuries were muted. 10Y and 2Y yields inched higher 1.2bps and 0.4bps. USD Index eased 0.10% in quiet trade as the market digested US President Joe Biden’s decision to end his re-election.

ASX to rally at open. SPI Futures up 55 points (+0.70%).

COMMODITIES

Oil drops as investors look past Biden exit, focus on weak fundamentals.
Gold slips to over 1-week low as dollar firms, investors await more Fed cues.
Iron ore edges lower as investors digest mixed signals from China.
Aluminium slips to nearly four-month low on demand concerns.
Oil market likely to be in surplus next year, Morgan Stanley says.
US senators introduce bill to speed approvals of energy projects.
Saudi Arabia's growth this year marred by lower for longer oil output.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 22 July: ASX 200 rallies off lows - Down 40 - S32 dumped on Quarterly

Mon, 22 Jul 2024 16:00:00 +1000

ASX 200 rallies off lows to close down only 40 points at 7932 (0.6%). Broad based losses following US weakness Friday. Banks saw sellers emerge with the Big Bank Basket down to $226.16 (-0.3%). ANZ and NAB the worst hit, MQG lost 0.5% and QBE off 1.1% with financial generally weaker. REITs slipped slightly as bond yields rose. Industrials weaker but no massive dramas, defensive supermarkets held up ok. Tech eased but not huge issues. In resources, lithium and uranium stocks fell, PDN off 1.7% on quarterly report and PLS slid 3.3% with S32 clobbered 12.6% on WA environmental issues and write downs. Gold miners mixed but generally holding up well. EVN up 0.5% and NEM up 0.3%. Oil and gas saw a sell off as WDS fell 2.1% after announcing a large US acquisition. STO dropped 0.9% and coal stocks slid, WHC down 4.0% on its production numbers. In corporate news, IFL rose 5.0% on a business update, DRO dropped another 20.9% on its quarterly report. Nothing on the economic front locally. The PBoC cut rates slightly today although no real help to Chinese equity markets, mixed with HK up 0.9%, and China lost 0.9%. 10-year yields fell to 4.30%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 22 July: Bye Biden - SPI down 67 - Big Week in US

Mon, 22 Jul 2024 08:00:00 +1000

Biden withdraws from US Presidential Race - US Futures opening slightly positive.

Wall Street ended the week lower. A global technical outage cause caused by a software glitch resulted in global chaos with grounded flights, and upended markets disrupting businesses around the world. CrowdStrike was behind the massive IT failure. A glitch in their software caused Microsoft’s Windows operating system to crash. Its stock fell as far as 15% before paring losses, ending 11.10% lower. The Dow traded lower all session, down 377 points (-0.93%). Down 462 points at worst. S&P 500 dropped 0.71%, and the NASDAQ fell 0.81%. Russell 2000 eased 0.63%, and VIX rose another 3.70% touching its highest level since April. Nvidia -2.6% lead a sell-off in chip stocks, pressuring the Philadelphia SE Semiconductor index 3.1% lower. Treasury yields rose. 10Y yield up 4.1bps, and 2Y yield up 4.6bps, both rising from four-month lows hit earlier in the week.

ASX SPI down 67 points.

COMMODITIES

China copper smelters eye more output cuts as raw material supply tightens.
Copper extends downturn to three-month low on China economic gloom.
London Metal Exchange systems not affected by global cyber outage.
Oil down $2 as investors eye Gaza ceasefire hopes.
Gold slips from all-time peak on profit taking, firmer dollar.
Iron ore posts weekly loss on lack of China stimulus, demand outlook.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 19 June: Solid rally off Lows. ASX 200 down only 65 points - Resources Underwhelm Again.

Fri, 19 Jul 2024 16:00:00 +1000

ASX 200 fell 65 points to 7972 (+0.8%) off its lows in quiet nervous trade. Dow futures slightly higher on the Trump speech. 90 minutes and talking unity. Red across the screens, banks gave back some recent gains, with the Big Bank Basket down to $226.80 (-0.9%). CBA fell 0.8%, and ANZ under pressure on the recent scandal, falling 1.2%, insurers slid, and REITs in the doghouse for a change. SGP down 2.0%, and SCG off 0.9%. Industrials were weaker but no great issues, WES off 0.8%, and WOW and COL slid slightly. ALL bucked the trend up 1.0%, with tech relatively stable. The All-Tech Index %. Resources once again the problem child, no real stimulus or plan from the Chinese Plenum. BHP down 2.1%, and RIO dropping 1.7%. Lithium stocks steady as gold miners slid on profit taking and some downgrades for EVN down 2.2%. Oil and gas stocks slid and uranium again under pressure. In corporate news, LIC finished off a week it would rather forget withdrawing forward guidance following ABC reports earlier this week and fell 13.9%. WBC had a small win with APRA, and WHC said that inflation was ‘rife’. Unit costs rising 11% in the last year. On the economic front, nothing today, the government announced the sale of $10bn in 11-year bonds next week. Asian markets mixed again, HK down 1.9%, Japan slightly weaker, and China of 0.2%. 10Y yields rose to 4.29%. There appears to be a serious Microsoft outage taking place this afternoon too.
Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 19 July: Dow Drops 500 Plus - SPI down 87 - Risk Off as Volatility Increases.

Fri, 19 Jul 2024 09:00:00 +1000

The Dow Jones Industrial Average slid 533.06 points, or 1.29%, closing at 40,665.02. The S&P 500 dropped 0.78% to end at 5,544.59. The technology-heavy Nasdaq Composite lost 0.70%, closing at 17,871.22.

All but one of the 11 sectors that comprise the S&P 500 traded lower, while nine out of every 10 Dow members also saw losses. Even the small-cap focused Russell 2000, which has run up amid expectations for forthcoming interest rate cuts, dropped about 1.9%.

ASX SPI Futures down 87 points

COMMODITIES

Oil prices steady as US rate-cut hopes contend with economic slowdown signals.
Fed rate-cut hopes keep gold near record levels.
Dalian iron ore falls on weakening steel market; focus on Third Plenum.
Copper output from Chile's Codelco this year to top 2023, chairman says.
Exxon clash with Chevron hinges on change of control of Hess' Guyana asset.
Fed rate-cut hopes keep gold near record levels.
OPEC+ unlikely to change oil output policy at Aug 1 JMMC meeting.
Price of China's strategic germanium hits record high on possible state buying.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 18 July: Jobs Data Puts Rate Rises Back on the Cards. ASX 200 drops Only 21 points.

Thu, 18 Jul 2024 16:00:00 +1000

ASX 200 slips 21 points to 8037 (-0.3%) after the jobs number put rate rises (yes, rises) back on the table. Relatively calm markets as US futures rose and chip stocks soured again in Asia. Banks eased back, CBA down 0.6% and the Big Bank Basket slipping to $228.89 (-0.4%). Other financials eased QBE down 0.4% and CGF off 1.6%. REITS sagged, SGP down 1.3%, SCG off 1.8%, and GPT falling 3.7%. Industrials were mixed, DMP crashed 8.2% as it closed stores in Japan and France. Retail were mixed, SUL up 1.0% and HVN down 0.4%. Tech eased as NASDAQ fell overnight, WTC copped a 6.3% fall, and the All-Tech Index dropped 2.5%. Resources once again in the naughty corner. FMG down 1.4% on its hydrogen move and layoffs, lithium stocks continue to be depressed, gold miners up despite a slight slip in bullion and uranium stocks whacked, PDN down 4.2% and DYL off 5.8%. Oil and gas stocks slightly better. In corporate news, ZIP rose 11.2% after its $200m placement, AX1 rose 10.2% on store closures,and EVN ran 2.8% on its quarterly. On the economic front, unemployment rose to 4.1%, but with participation rising and 50k jobs created, rate rises cannot be ruled out. In Asian markets, Japan -1.6%, China +0.2, and HK +0.5%. 10Y yields steady at 4.241%. Dow and NASDAQ Futures higher, gaining 0.1% and 0.4%, respectively.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 18 July: US Markets 'ChipWrecked' - Nasdaq Falls 2.8% SPI Down 43 - DMP Downgrades

Thu, 18 Jul 2024 08:00:00 +1000

Nasdaq, S&P 500 end sharply lower, hit by chips, megacaps; Dow extends rally.
Trade fears hamper tech stocks, dollar falls amid rate cut talk.
ASX to fall, Nasdaq tumbles as semiconductor stocks plunge SPI down 43 points
Chip stocks shed over $500 billion in value on China trade fears.
Europe's STOXX 600 falls for third straight session as tech drags.
Top Fed officials say they are 'closer' to cutting interest rates.
Yen surges on possible intervention, sterling hits one-year high.

COMMODITIES

Iron ore slumps to three-week low on weak China demand, strong global supply.
Copper dips as China demand fears balance dollar slump.
Oil prices gain 2% on big US storage withdrawal, weaker US dollar.
Gold extends record rally on Fed rate-cut bets, softer dollar.
Miner Vale sees iron ore output at high-end of 2024 guidance after Q2 rise.
US crude stockpiles fall sharply, fuel builds, EIA says.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 17 July: ASX 200 up another 58 points - Off Highs - BHP down on Quarterly

Wed, 17 Jul 2024 16:00:00 +1000

ASX 200 cruised to another 59-point gain up around 0.7% as once again, banks and industrials took their cue from US records. Slight sell-off on the close. CBA pushed up another 0.8%, with NAB up 1.0% and the Big Bank Basket hitting new record highs of $229.72 (+0.9%). MQG had a better day with the US Investment Houses showing the way and rose 2.5%, with insurers also in demand. Financials generally are doing well on rate cut expectations. Healthcare again good, CSL up only 0.1%, with SHL and RHC better. REITs firmed yet again. GMG up 1.2%, and industrials from TLS to WES did well. WOW and COL up around 1%, and ALL bouncing back 0.9%. Utilities were slightly better, and tech stocks in demand, with WTC up 3.3%. Resources were once again mixed. BHP production report failed to move the dial much, down 0.9%, with RIO and FMG easing 0.3% to 1%, respectively. Gold miners in demand, NST up 3.4% and EVN up 1.5%. Lithium stocks showing some signs of life perhaps, LTM 4.6% better on Citi’s suggestion that RIO should take it out. Uranium stocks weakened, PDN down 1.1% and DYL off 3.5% on its quarterly. In corporate news, ZIP launched a large placement and SPP at 152c, SGR switched the pokies back on, CTT fell 4.0% on a update, and STP one pulled itself up 23.3% on a better-than-expected quarterly in ‘innerware’. Nothing significant on the economic front. Total dwelling commencements rose 0.5% to 39,715 dwellings. Asian markets treading water, with 10Y yields up 5bps 4.24%. Dow Futures down 3 points. NASDAQ Futures down 88 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 17 July: SPI up 55 - US Markets Surge - Small Caps up 12% Now in 12 Days - Gold Hits Records

Wed, 17 Jul 2024 08:00:00 +1000

US equities rose overnight supported by stronger-than-expected retail sales data which reinforced the view the Fed is approaching its easing cycle. The Dow Jones hit an all-time closing high for a second consecutive session, rising 743 points (+1.85%) its strongest performance since June 2023. The S&P 500 rose 0.64% to 5,667, its 38th record high this year, and the NASDAQ gained 0.20%. The rotation into small caps continues, Russell 2000 advanced 3.50%, recording its biggest five-day rally since 2020. The Russell 2000 has beaten the NASDAQ 100 by almost 12 percentage points over the last four sessions, a feat not seen since 2011. US retail sales in June remained unchanged, signalling consumer resilience and bolstering economic growth prospects for the second quarter. Treasury yields fell across the board. The 10Y yield fell 7.2bps at 4.16% a four-month low, and the 2Y yield eased 3.8bps on expectations that the Fed is getting close to cut rates. CME FedWatch tool indicates a 91.7% probability for a September rate cut.

ASX to rise. SPI Futures up 55 points (+0.69%).

COMMODITIES

Gold sprints to all-time high as Fed rate-cut hopes boost demand.
Iron ore slips, investors eye stimulus signal from key China meeting.
Oil prices decline over 1% on Chinese demand jitters.
Aluminium hits three-month low on heavy supply while copper also slips.
Rio Tinto hails another step closer to develop Serbian lithium mine.
Miner Barrick's quarterly gold and copper output edges higher.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 16 July: ASX 200 falls 18 to 8000. RIO Drops on Production Report - DRO Drops on Media Article - Banks Steady-

Tue, 16 Jul 2024 16:00:00 +1000

ASX 200 slipped 18 points to 7999 (+0.2%) as consolidation around 8000 the go. A big divergence again in banks and resources. RIO production numbers failed to launch, and the stock dropped 2.4%, with BHP under pressure too, down 1.4%. FMG showed a small rise. Lithium stocks remain depressed, and base metal stocks also eased, IGO down 0.7% and S32 off 1.4%. Gold miners holding up well, NST up 0.6% and NEM up 0.4%. Oil and gas mixed, and uranium stocks slipped back slightly. PDN down 1.6%, and BOE off 1.2%. Banks help steady with the Big Bank Basket steady at $227.78. CBA eased back with other financials better, SOL up 1.0% and CGF rising 1.6%. Insurers eased, Industrials mixed, ALL off 3.3%, with tech falling as WTC lost 1.2% and XRO down 1.4%. Utilities are also under a little pressure, ORG down 1.0% and AGL falling 0.9%. Retailers are taking a breather, with FLT giving back some gains down 2.3% and WEB down 1.2%. In corporate news, CSL won a contract for a new flu vaccine, HUB was up 0.2% on positive FUA inflows, and IGO fell 0.7% on some more impairments. In economic news, nothing locally, China saw its manufacturing sector growing 6.2%. Asian markets mixed again, Japan back from a holiday up 0.3% and HK down 1.3% with China -0.1%. 10Y yields falling to 4.25%. Dow Futures up 38 points. NASDAQ Futures up 47 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 16 July: Trump Trade Back On - Dow Hits Record - SPI down 4 - RIO Production Numbers

Tue, 16 Jul 2024 09:00:00 +1000

Dow jumped 210.82 points, or 0.53%, to 40,211.72. The S&P 500 added 0.28% to 5,631.22. Both touched new intraday highs in the session, while the former also saw a record close. The Nasdaq Composite rose 0.4% to 18,472.57.

ASX SPI Down 4 points.

Gold at near two-month peak as Fed rate-cut hopes lend support.
Oil prices ease on demand concerns in China.
Iron ore extends gains on China stimulus hopes.
China data and inventories weigh on copper.
Rio Tinto shuts iron ore mine in eastern Canada amid wildfires.
Investment in critical minerals in web of doubt, industry says.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 15 July: ASX hits 8000 in Broad Based Rally. Banks Continue to Lead Charge

Mon, 15 Jul 2024 16:00:00 +1000

The ASX 200 pushed another 58 points higher to 8018 (0.7%) in a broad-based rally. Well off the intraday high though on some cooling as we await reactions to Trump and US reports this week. Banks were firm but off highs, CBA up 0.8% and NAB up 0.8% with the Big Bank Basket up to $227.88(0.8%). Other financials doing well too, ASX up another 1.2% with NWL up 1.7%. MQG pushed 0.5% ahead with insurers mixed. REITs were better with the exception of GMG falling 0.4% with SCG up 0.6%. Healthcare slightly better RMD up 2.0% and COH up 2.4%. Industrials firmed, WES putting on another 2.1% with retail stocks again finding buyers SUL up 1.3%, PMV up 1.9% and FLT up 2.8%. Tech in demand, WTC up 2.5% and XRO up 1.4%. In resources, BHP rose 0.6% with FMG double that gain. Gold miners were mixed as bullion consolidated, lithium still a little depressed and struggling for direction. Oil and gas better led by WDS up 1.3% and STO up 0.7%. In corporate news, LIC fell 18.1% on ABC media reports of issues. ABB dropped 14.0% as it launched a new cut-price NBN service, Buddy. Nothing locally on the economic front, in China, GDP data and retail sales numbers were disappointing again. Asian markets mixed, HK down 1.4%, Japan closed for a holiday, and China slightly higher. 10-year yields firmed 1bps to 4.33%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 15 July: ASX 200 eyes 8000 with SPI up 51 - US Markets Rally Again

Mon, 15 Jul 2024 08:00:00 +1000

Wall Street ended the week on a positive note, with gains across all major indices. Fresh economic data reinforced bets that the Fed will cut rates in September, and banks kicked off the start of the US reporting season. The Dow traded higher all session, topping 40,000, narrowly missing a fresh all-time high, up 247 points (+0.62%). Dow up 503 points at best. The S&P 500 gained 0.55%, to 5,615, a fresh record high. NASDAQ rose 0.63%, rebounding from its worst day since April, led by Nvidia +1.4% and Tesla +3.0% a day after tumbling over 8%. On the economic front, US Consumer sentiment fell for a fourth consecutive month, and Producer prices rose more than expected in June, up 0.2% MonM. Results raised bets of a September rate cut to 88.1%, according to CME FedWatch tool. Treasury yields slumped. 2Y yield fell 6bps and 10Y dipped 2.7bps. USD index slid, while Bitcoin edged up 0.35%.

Wall Street banks kick off reporting season with mixed results. JPMorgan (-1.21%) reported record profits for Q2, driven by a 46% rise in investment banking revenue and strong trading performance. Citigroup surpassed profit expectations, driven by a 60% jump in investment banking fees, but shares fell 1.81% due to concerns over expenses and market share. Wells Fargo missed analysts' interest income estimates, with NII decreasing 9%, causing shares to drop over 6%, despite a 38% rise in investment banking revenue.

ASX up 54 points

COMMODITIES

BHP, Vale agree deal over 2015 Brazil dam collapse proceedings in UK.
Weak market for critical minerals seen dampening Western efforts to counter China.
Gold holds firm above $2,400 level, set for third weekly rise.
Oil prices settle down after data shows weaker US consumer sentiment.
Copper prices rise on weaker dollar, some draw-down from stocks.
China June copper imports slide to 14-month low on weak demand.
Iron ore heads for weekly fall ahead of key China meeting

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 12 June: ASX 200 hits Record. CBA bigger than BHP.

Fri, 12 Jul 2024 16:00:00 +1000

ASX 200 hits record high, up 70 points to 7959 (0.9%) as banks once again show a clean pair of heels. CBA pushed to a record, up 1.3% and a higher valuation than BHP!. The Big Bank Basket up to $226.11 (+1.4%). MQG remained stagnant, and insurers slipped back as bond yields fell after US CPI numbers. Other financials did well, ASX up another 1.6% with SOL kicking another 1.6%. REITs put in a solid day although GMG sidetracked as tech weighed slightly. SCG up 1.9% and GPT soaring 5.3%. Healthcare also doing well again. CSL bust through $300, up 1.5% and RMD shrugging off GLP-1 news and rising 4.4%. Industrials firm but not hugely interesting. WES a standout up 1.9% and Retail in demand on rate cut hopes. JBH up 1.5% and LOV up 3.6%. CTT had a significant bounce after its recent sell off although petered out to rise only 0.4%, tech stocks slipped slightly with WTC down 3.4% and XRO falling 0.7% with the All -Tech Index down %. In resources, the three amigos were flat, BHP losing its mantle to CBA fell 0.4% and lithium stocks showed signs of life. Gold miners were in demand as NST rose 4.3% on a bullion spike and EVN up 2.9%. Oil and gas doing little and uranium stocks consolidated after good gains yesterday and coal stocks slid slightly. In corporate news, REX revealed a boardroom stoush, LYC said that the BHP nickel suspension would hit sulphuric acid supply. Nothing locally on the economic front but Chinese exports rose to the highest in two years whilst imports fell. 10-year yields steady at 4.33%. Asian markets mixed, Japan down 2.3% as Yen strengthens, China unchanged and HK up 2.2%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre- Market Report - SPI up 45 - US CPI better than expected - Tesla tumbles on Taxi Delay - Gold bursts Higher on Lower USD.

Fri, 12 Jul 2024 08:00:00 +1000

SPI up 45 points.
Dow +0.08% S&P -0.9% Nasdaq -2%
Russell 2000 up 3.6%. Just the second day since 1979 when the Russell 2000 rose more than 3% while the S&P 500 declined.
CPI better than expected Sept Rate Cut looks locked in now.
USD Index falls 0.55%
Gold runs 1.8% higher.
Iron ore bounces of $105.
LME commodities in holiday lull.

End of Day Report- ASX 200 up 73 points. US CPI Tonight. Uranium Stocks Shine.

Thu, 11 Jul 2024 16:00:00 +1000

ASX 200 rallied towards all-time highs, up 73 points to 7890 (0.9%) as rate cuts seem to be back on the agenda. US CPI tonight and some caution creeping in. As usual, the banks led the charge higher with CBA hitting a new high, the Big Bank Basket hitting $223.09 (). Insurers continue to push higher with QBE up 1.1% and SUN up 1.4%. MQG lagging a little with ASX up 1.7%. REITs strong again, GMG up 1.1% and SCG up 1.6%. Industrials also firm although TLS unchanged after recent gains, WES up 1.3% and BXB up 1.3%. Healthcare better, CSL pushing 1.5% higher with RMD up 0.9% and TLX doing very well up 10.5%. Tech better too, with XRO up 3.4% and 360 rallying 2.2%. Resources finally finding some friends despite a lack of impetus in iron ore, BHP up 0.9%, RIO up 0.2%, and FMG up 1.9%. Gold miners also in demand, NST up % and EVN up %, with uranium stocks doing very well, PDN up 6.2% and BOE up 6.1%. Lithium stocks saw some bargain hunting, PLS up 2.7% and MIN up 2.5%. Oil and gas stocks better, WDS up 1.2% and KAR up 0.8%. In corporate news, TLX had a good day on changes to US regulations, the ACCC has started initial proceedings against The Good Guys. Not so good now. In economic news, June CPI tonight in the US, Trump will speak at a Bitcoin event. He wants all remaining crypto to be Made in the USA. In Asian markets, China rallied on short seller news, up 1%, HK up 1.5%, and Japan pushed ever higher to 1.1% better.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 11 July: ASX to rally on the opening bell. SPI Futures up 73 points (+1.09%)

Thu, 11 Jul 2024 08:00:00 +1000

Wall Street finished higher overnight, ending near session highs fuelled by gains in heavyweight tech stocks

Nvidia leads Nasdaq and S&P 500 to record high closes.
Stocks rise with Treasury yields on pause, Powell boosts rate cut hopes.
ASX to rally, S&P 500 closes above 5600 points – AFR.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 10 July: Big Bank Basket flat, Big Resource Basket tumbled 1.1%.

Wed, 10 Jul 2024 16:00:00 +1000

The ASX 200 has finished the day down 13 points (-0.16%) to 7817 in mixed trade which saw a recovery from opening lows. Telecom was the best performer for a second day in a row thanks to TLS rising another 2.4% on positive broker commentary. Industrials rose as a drop in bond yields took TCL 1.1% higher. JHX lost 2% after a broker pushed out the US renovation market recovery till FY26. AZJ gained 0.6% after Morgans forecasted EPS growth of 16% this financial year. Defensives, Financials and Health Care held ground. Three of the big four banks well off morning lows. CBA and NAB down 0.1%, WBC down 0.6%. ANZ up 1.4%. Bell Financial had positive results rising 3.3%. There aren't many listed stock brokers. COH up 1.7%, PME down 0.3%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 10 July: ASX to fall. SPI Futures sharply lower, down 41 points (-0.52%).

Wed, 10 Jul 2024 09:00:00 +1000

US equities ended mixed overnight. The S&P 500 and NASDAQ record their fifth and sixth straight record close, up 0.07% and 0.14%. Gains marked the S&P 500’s longest winning streak since January, buoyed by Nvidia +2.5% and Powell’s commentary to Congress. The Dow lost 53 points (-0.13%), paring earlier gains. Up 147 points at best. Down 198 points at worst. Powell’s testimony to Congress didn’t alter bets for rate cuts this year. Powell didn’t offer a timeline for rate cuts, instead, he emphasised that the economy is no longer overheated and the mounting evidence of a cooling job market. Additionally, Powell said regulators were close to agreeing to change their plan to force big banks to hold more capital a big win for Wall Street Banks. JP Morgan, BofA, Wells Fargo, and Citi up between 1.2%- 2.8%. Shorter-term treasuries eased. 2Y yield, which is likely to benefit from policy easing, fell 0.8bps, and the 10Y yield edged 1.7bps higher.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 9 July: ASX200 Up 67 points in a Broad Market Rally

Tue, 09 Jul 2024 17:00:00 +1000

The ASX 200 has finished the day up 67 points (+0.86%) to 7830 in a broad rally covering all sectors. Telecom finished on top thanks to Telstra’s 2.2% rise. Phone plan price increases announced from August. REA, CAR, and TPG joining in. Up 2.2%, 0.7% and 1.1%, respectively. Financials were next best as the CBA hit a record high, up 1.8%. WBC, NAB and ANZ up between 1.4% and 2%. Interest rate sensitive sectors strong. REITs played catch up to the weekend’s drop in bond yields. SCG and SGP up 1.3% and 1.2%. WTC and NXT leading tech higher. Up 1.8% and 1.7%. Powell’s commentary tonight at the senate banking committee will be closely watched. Discretionary stocks mixed. ALL up 1.7%, and JBH down 0.1%. Unperturbed by a drop in Consumer Sentiment. Health Care in the middle of the pack, and Staples up 0.33%, defensives underperforming.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 9 July: The S&P 500 hits its 35th record high this year, up 0.10%.

Tue, 09 Jul 2024 09:00:00 +1000

ASX to rise. SPI Futures up 17 points (+0.22%).

The S&P 500 hits its 35th record high this year, up 0.10%. The NASDAQ notched its fifth consecutive record high close, up 0.28%, buoyed by chip stocks. Blue chip Dow Jones edged lower, down 31 points (-0.08%). Up 279 points at best. Down 97 points at worst. Nvidia gained 1.9% after UBS raised its target, Intel rallied over 6%, and AMD gained 4%, lifting the Philadelphia semiconductor index by 1.9%. Expectations for an earlier rate cut have risen following Friday’s nonfarm payrolls, which showed US job growth slowing. Chances of a rate cut in September have risen to 72.2% from 59.8% one week ago, according to CME FedWatch. Short-dated Treasuries rise, 2Y yield rose 2.9bps sensitive to rate expectations, while the 10Y yield held steady. Bitcoin bounced, paring earlier losses on concerns about possible sales by creditors of the failed Mt. Gox exchange, and the USD Index gained 0.14%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 8 July: The ASX200 has started the week on a negative note.

Mon, 08 Jul 2024 17:00:00 +1000

The ASX200 has started the week on a negative note. Finishing down 59 points (-0.76%) to 7763 as the Materials and Energy sell-off continued into the close. The big miners were the biggest drag on the index as iron ore dropped 1.2%. High Chinese inventories to blame. BHP, RIO and FMG all down between 2.1% and 2.6%. Most other mining commodity stocks also fell, last week’s bounce very short-lived. Lithium, copper and uranium in the red. Gold put on a good show following Friday’s bond yield drop and the first quarterly production numbers. RED up 5.3% (up 9% at best), EVN up 2.5%. Oil stocks lost ground after a good performance last week. KAR and WDS down 3.5% and 1.8%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 8 July

Mon, 08 Jul 2024 09:00:00 +1000

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 5 July: ASX holds onto yesterday's gains. Down 10 points.

Fri, 05 Jul 2024 17:00:00 +1000

The ASX 200 has finished the day down 10 points (-0.12%) to 7822, holding onto most of yesterday’s gains. Healthcare was the best performing sector as CSL, COH and RMD all saw modest gains between 0.3% and 1%. Macquarie said CSL will benefit from a US$105m currency tailwind in FY26. PME managed a late bounce of 1.1% a day after its 5.1% fall. Telecoms were next best after a 0.8% rise in TLS. Tech sector up 0.42% as NASDAQ futures turned positive. MFG spiked another 4.7%. Now up 10.8% in two days. GQG briefly hit an all time high before falling 1.7%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 4 July: Resources Lead the ASX Higher

Thu, 04 Jul 2024 17:00:00 +1000

The ASX 200 has finished the day up 92 points (1.2%) to 7832 as resources kicked back to life. After weeks of selling pressure iron ore giants, copper, lithium and gold saw risk-off buying. Iron ore shot to a one-month high taking BHP and RIO up 2.6%. FMG up 3.2%. Lithium stocks bounced of lows. PLS up 2.1%. LRS and LTR left behind. Positive news from the space as BYD opened the first south-east Asian factory in Thailand. SFR gained 3.2% in the copper space and weak economic data from the US took bullion higher. EVN and BGL up 4.1% and 6.5%. BGL the top performer in the index today. NST missing out only up 0.7%. REITs followed a similar logic as US bond yields fell. GMG and SCG up 2.1% and 0.6%. Oil stocks continued to do well, spurred by takeover rumours for STO, up 4.2%. Rare earths also jumped after Arafura +11% (held in Henry’s Portfolio) received approval for a $115m German loan. LYC up 2.7%. Coal stocks took a breather, NHC falling 4.6% dampening enthusiasm.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 4 July: ASX to jump. SPI Futures up 73 points (+0.94%).

Thu, 04 Jul 2024 08:00:00 +1000

US equities closed broadly higher in a shortened trading session ahead of the US holiday. Weak economic data reinforced bets that the Fed will start cutting rates this year sending bond yields lower and stocks higher. The S&P 500 and NASDAQ posted record-high closes for a second consecutive session, up 0.51% and 0.88%, respectively. The Dow Jones ended little changed, off 0.06%, pressured by selling in healthcare and consumer stocks. US markets closed tomorrow, keeping trading volumes thin this week. Junes FOMC meeting minutes revealed that Fed officials were divided, with some advocating patience and others emphasising the need for a weaker labour market to manage unemployment. Powell stressed the need for more definitive evidence before lowering rates, while others were open to raising rates if inflation persisted.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 3 July: Quiet Day - Good for Resources, Not So Good for Banks.

Wed, 03 Jul 2024 16:00:00 +1000

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 3 July: Another good night on Wall Street.

Wed, 03 Jul 2024 08:00:00 +1000

Another good night on Wall Street. The S&P 500 and NASDAQ both closed at record highs. S&P 500 closed above 5,500, up 0.62%, marking its 32nd record this year. The NASDAQ rose 0.84%, supported by gains in Tesla +10.2% after reporting a smaller-than-expected 5% drop in vehicle deliveries in Q2. Blue-chip Dow rose 162 points (+0.41%) in thin volume trading ahead of the July Fourth Holiday. Up 171 points at best. Down 84 points at worst. In economics, the JOLTS report showed job openings increasing in May after posting declines in the previous two months. Key June Nonfarm payrolls on Friday. Treasury yields eased a touch on jobs data and comments by Powell, who said the US is back on a “disinflationary path”, but policymakers need more data before cutting rates to confirm recent weaker inflation readings provide an accurate picture of the economy.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 2 July: RBA minutes point to potential August rate hike.

Tue, 02 Jul 2024 17:00:00 +1000

The ASX 200 has finished down 33 points (-0.42%) to 7718, RBA meeting minutes passing quietly through the market while revealing a possible August rate hike. Energy was the only sector with significant gains as oil and coal stocks tracked their respective commodities higher. WDS up 3.1%, gaining strength throughout the session. KAR missing out, sold off from a positive open. Down 0.3%. WHC backed up its 6.3% rise yesterday with another 5.7% gain.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 2 July: ASX to slip. SPI Futures down 24 points (-0.31%).

Tue, 02 Jul 2024 09:00:00 +1000

Wall Street kicked off the second half of the year on a positive note, with equities mostly higher in light pre-holiday trading. The Dow gained 51 points (+0.13%). Up 320 points at best. Down 81 points at worst. Big Tech drove the bulk of the gains in the S&P 500 +0.27% and the NASDAQ +0.83%, with megacaps Tesla and Apple leading the way up 6.1% and 2.9%, respectively. Chip stocks came under some selling pressure, with AMD down 2.79% and Arm Holdings losing 2.93%, pulling the Philadelphia SE Semiconductor index to a one-week low. Treasury yields jumped to multiweek highs, 10Y yield jumped 7.9bps rising past 4.45%. Higher bond yields typically boost US bank profits, the S&P 500 Bank Index jumped to a more than one-month high. JP Morgan +1.6% rose to an all-time high after it hiked its dividend to $1.25 from $1.15 as well as commencing a $30bn share buyback. On the economic front, US Manufacturing PMI fell to 48.5, missing expectations, falling for a third consecutive month. Another encouraging sign of the Fed’s policy is cooling the economy.

Among stocks, Nvidia (+0.62%) faces potential charges from French antitrust enforcers over alleged anticompetitive practices. Meta (+0.1%) received a warning from the EU about its subscription model for ad-free services on Instagram and Facebook, risking heavy fines. Boeing (+2.58%) agreed to buy back Spirit for $37.25 per share in a $4.7bn all-stock deal to address manufacturing defects. Chewy fell 6.61%, reversing early gains after influencer Keith Gill, known as "Roaring Kitty," disclosed a 6.6% stake in the company.

European equities rose overnight following the French parliamentary elections. The STOXX 50 rose 0.73%, STOXX 600 up 0.32%, and the CAC 40 advanced 1.09%. The National Rally Party won the first round but with a smaller share than expected, reducing fears of an expansionary fiscal agenda. The FTSE 100 closed flat, with gains in financial companies offset by declines in BAE Systems -3.41% and Anglo American -2.38%. Germany’s DAX gained 0.30%, buoyed by a positive inflation result, with annual inflation falling to 2.2% in June, below forecasts of 2.3%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 1 July: Floppy Day - Resources Surprising!?

Mon, 01 Jul 2024 16:00:00 +1000

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 1 July: Financial Year Is Over

Mon, 01 Jul 2024 08:00:00 +1000

Wall St finished the week lower on Friday night as the presidential debate prompted new political uncertainty, outweighing easing inflation data. The S&P 500 fell 0.41% after touching a fresh intraday record high of 5.5k. The Dow Jones eased 45 points. The NASDAQ lost 0.71%, while the Russell 2000 found buyers, up 0.46%. For the quarter the NASDAQ gained 8.3%, the S&P 500 gained 3.9% while the Dow lost 1.7%. Tech outperforming once again.

High ranking Democrats over the weekend dismissed calls that Biden should be replaced by a younger candidate following his shaky debate on Friday. Polls indicated Democrat voters who think he should not be running for president rose from 36% to 46%. In economics, the US PCE price index rose by a mere 0.08% in May, representing the smallest increase since late 2020. This deceleration increased chances for rate cuts later this year. Consumer spending rose by 0.3% in May after falling in April, supported by solid income growth. These developments suggest that inflation pressures might be easing without causing substantial harm to consumers. Despite the positive inflation results US bond yields gained 9.6bp (10Y) and 3.1bp (2Y), pressuring mega-cap stocks. Meta was the worst of the Magnificent Seven, down 3%. Nvidia near flat.

ASX to fall. SPI futures down 35 points.

In Europe, Marine Le Pen’s far-right National Rally (NR) Party won the first round of French elections yesterday. 34% of the vote vs Macron’s ~20%-23%. The outcome will now depend on whether centre-left and centre-right parties combine forces to oppose the NR. This historically has happened. If no party reaches 50% majority after the first round, voting will go to a second round later this week.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 28 June: The ASX200 closes up 8 points as midday tax loss selling creeps in

Fri, 28 Jun 2024 17:00:00 +1000

The ASX200 has finished the day and financial year up 8 points (+0.1%) to 7768. Losing a 60-point gain from midday as tax loss selling crept in. US presidential debate not impacting our market. Technology was the best performing sector for the third day in a row. Following a small NASDAQ lead compared to a flat overnight performance from the S&P 500. Futures also helping. The biggest stock did best, WTC up 2% and up 10% for the week on no particular news. Simply traders buying the dip. Banks were next best, bouncing quickly from their two-day sell-off. Approval for ANZ’s acquisition of Suncorp bank boosting gains. ANZ itself lost 0.2% while SUN rallied 3.6%. Its best session since the conditional approval was made back in Feb. The other big banks were mixed. In Insurance, IAG jumped 7.2% after reaffirming guidance at the top end. Best performance in the index. GYG was the worst, falling 7.5% in its first full week of trade. Healthcare finished strongly. COH and RMD up 1.8% and 1.1%. Another case of buying the dip for PME, it gained 2.5% today and over 100% for the financial year. REITs had a small bounce after yesterdays sell off. Australian bond yields dropping to lend support. Majority of the gains coming from MGR. Up 3.3% after announcing it sold a large development stake in Sydney and reaffirmed earnings and dividend guidance.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 28 June: Last Trading Day of Financial Year

Fri, 28 Jun 2024 08:00:00 +1000

ASX to rise. SPI Futures up 26 points (+0.34%). Wall Street edged higher overnight following a choppy trading session amid mixed economic data ahead of tomorrow's PCE reading. The Dow Jones and S&P 500 ended flat, both up 0.09%, while the NASDAQ managed to eke out a small gain of 0.30%. Big night on the economic front, data showed US manufactured goods unexpectedly fell in may, while core durable goods orders eased 0.1%, vs expectations for a 0.2% rise. Bolstering bets the weaker economy may prompt the Fed to cut rates in September. US weekly job claims fell to 233k, missing expectations of 236k, and the final print of US GDP growth was revised higher in Q1 2024 to 1.4%. US treasury yields eased dropped after data showed a continued but moderated slowdown in economic activity. Benchmark 10Y yield fell back below 4.3% after reaching an over-two-week high of 4.35% earlier in the session. 2Y yield fell 4.2 basis points. Japan issued fresh warnings of currency intervention with Finance Minister Shunichi Suzuki reiterating that officials will take necessary actions, though didn’t mention on what yen level.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 27 June: The ASX 200 has finished the day down 23 points (-0.3%)

Thu, 27 Jun 2024 17:00:00 +1000

The ASX 200 has finished the day down 23 points (-0.3%) to 7760, staging an impressive 106-point turnaround. The recent CPI induced spike in bond yields triggered an excuse for a morning sell-off. Tech was the best performing sector, supported by a solid lead from the NASDAQ. WTC rallied 4.1% from a morning low (94.41) to finish up 2.5%. RMD up 4.1% helped Healthcare (best in the top 100). The stock slowly finding its feet again and outweighing losses in CSL and COH (both near flat). REITs had an awful day, suffering a double hit of ex-dividends and rising bond yields. SGP, GPT and MGR the worst of the worst. Down 4.6%, 5.9% and 6%. Wiping off nearly a billion dollars in market cap from those three alone. GMG only down 0.9%. Continues to act closer to a tech stock than REIT. Banks also experienced a nervous CPI/bond yield sell-down. Mortgage stress related concerns winning out over expanding margin expectations. CBA, NAB, WBC and ANZ down between 0.6% and 0.8%. All off lowest levels similar to the index as a whole. Consumer discretionary stocks performed better than yesterday. BBN jumped 19% after confirming guidance.

In commodities the iron ore giants finished mixed. A slow expansion in Chinese industrial profits not doing much to ignite the sector. BHP, RIO and FMG -0.4%, +0.5% and +0.2%. Lithium also had a mixed session. The short-sharp bounce from yesterday only following through for some. PLS up 0.9%. LTR and LRS down 0.5% and 2.7%. Uranium managed to rise from oversold levels, nothing convincing yet. BOE (+2%) outperformed PDN (+0.2%). Still consolidating from its recent capital raise announcement. It provided the market with a guidance update today.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 27 June: ASX to drop. SPI Futures down 85 points (-1.09%).

Thu, 27 Jun 2024 08:00:00 +1000

US equities closed broadly higher overnight following a choppy day of trade. The Dow edged up 16 points (+0.04%). Up 72 points at best. Down 203 points at worst. The S&P 500 rose 0.16% and is on pace to enter the second half of the year with a gain of ~15% YTD. The tech-heavy NASDAQ advanced 0.49%, locking in the gain before big tech got hit too hard in late trade after Micron Technology’s outlook missed expectations. US small caps Russell 2000 eased 0.12%, and Wall Street’s Fear Index, the VIX, fell 2.26%. US treasuries rose amid higher inflation data in other countries. 10Y yield +8.2bps, 2Y yield +0.9bps, and the 5Y $70bn note auction was well received. Pressure is mounting on the Japanese yen, sinking to a 38-year low against the USD as the wide interest rate differentials between the two economies favour the greenback. Markets are speculating that Japanese officials will intervene but will likely wait until after the PCE reading on Friday. A top currency official Masato Kanda warned on Monday that authorities were standing by, ready to intervene 24 hours a day if necessary.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 26 June: ASX 200 tumbled 56 points, giving back some of yesterday’s gains 📉

Wed, 26 Jun 2024 17:00:00 +1000

ASX 200 tumbled 56 points to 7783 (-0.7%), giving back some of yesterday’s gains following hotter-than-expected inflation data. Inflation rose 4.0% YonY in May, faster than April's 3.6% and above consensus of 3.8%. Aussie dollar jumped 0.6% to 66.86c, hitting a two-week high, and the 10Y yield and 2Y yields jumped 10bp and 18bp. Most sectors are in the red. Tech stocks outperformed their peers, taking cues from Wall Street overnight, despite a sharp rise in bond yields. All-Tech Index up 0.20%, and XRO gaining 1.1%. Energy stocks found buyers, as WTI futures rose above $81 per barrel despite rising US stockpiles. WDS +1.3%, and STX up 2.2%. Big banks took a hit today as higher for longer rates will continue to pressure bank NIMs. CBA NAB, ANZ and WBC down between -0.6% and -1.3%. Uranium stocks no good, while some lithium stocks kicked higher despite commodity weakness which saw the front-month China lithium carbonate futures fall 5% to $US12k a tonne on Tuesday. PLS +2.5%, and LTR up 3.3%. Gold miners and base metals were sold off. Iron ore behemoths no better, BHP, RIO, and FMG all lower. Rate-sensitive REITs and consumer-discretionary also down. On the corporate front, HVN was down 8.3% after Barrenjoey cut their valuation of the stock. BMN enters a trading halt as the company launches $76m cap raise. SGR flat on new CEO announcement. Asian markets higher, Hang Seng up 0.2%, TOPIX up 0.6%, Shanghai Composite up 0.1%, paring earlier losses though hovering around four-month lows. Dow Futures up 7 points. NASDAQ Futures up 43 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 26 June: ASX to fall. SPI Futures down 29 points (-0.37%).

Wed, 26 Jun 2024 09:00:00 +1000

Another floppy start.. US equities ended mixed overnight. The NASDAQ rallied 1.26%, buoyed by gains in chip stocks and Nvidia, up 6.8% bouncing back from a three-session sell-off. The S&P 500 rose 0.39%, snapping a three-day losing streak, while the Dow tumbled 299 points (-0.76%). Up 12 points at best. Down 414 points at worst. US Treasury yields finished near flat line. During trade, the yield curve inversion between the 2Y and 10Y notes deepened to more than 50bps for the first time this year before reversing after strong demand at the 2Y auction nudged that yield off its high. In economics, the US consumer confidence index eased in June amid worries about the economic outlook. The index fell to 100.4 from a downwardly revised 101.3 in May. In Fed speak, more hawkish commentary from Bowman stating it is not yet appropriate to cut rates, and she remains open to hiking rates should inflation progress stall. Bitcoin topped 62k, rebounding from heavy fund outflows the day prior, and the USD Index gained 0.14%.Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 25 June: ASX bouncing back, finishing up 105 points.

Tue, 25 Jun 2024 17:00:00 +1000

The ASX200 has finished the day up 105 points (1.36%), bouncing back strongly from yesterday’s sell-off. The Energy sector went from worst to best following the overnight oil price rise and bargain hunters circling in. WDS up 3.7%, its best session of the year and KAR up 2.3%. Real Estate was next as bond yields fell. GMG up 0.9% and SGP up 3%. Commodities finally took a break from selling. The big miners had the best recovery despite the iron ore price falling for a fourth straight session. BHP and RIO up 2.1%, FMG up 1.9%. Copper also did well. SFR and 29M up 2.7% and 4.7%. Lithium was mixed. Uranium modestly higher, excluding PDN which recovered 2.7% from its opening drop on resumption of trade. Finishing down 5.1%. JHX rose 4.6% as buyers slow reacted to yesterday’s guidance update. Best performer in the ASX 200. Big banks joined in the rally as Australian consumer confidence improved. NAB up a huge 2%. CBA, WBC and ANZ up 1.4%, 1.2% and 0.6%. Consumer Discretionary also doing well. ALL up 2%. CKF jumped 7.3% on impressive full year results. In Health Care, RMD recovered a small 1.2% after its battering yesterday. Better than CSL, worse than COH. Finally, Tech held on to a small gain. Focussing on the ASX for a change instead of the NASDAQ’s overnight drop. WTC finished flat.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 25 June: ASX to rise. SPI Futures up 36 points (+0.47%).

Tue, 25 Jun 2024 08:00:00 +1000

Wall Street ended mixed overnight, losing traction after Nvidia fell 6.7% extending a three-day rout raising speculation that the AI rally powering the bull market is taking a breather. The Dow kicked off the week rallying to a one-month high, though off best levels, up 261 points (+0.67%). Up 421 points at best. The S&P 500 and the NASDAQ fell 0.31% and 1.09% following a rotation out of tech stocks. PHLX Semiconductor Index also fell 3.02%, dragged down by Taiwan Semiconductor Manufacturing, Broadcom, Marvell Technology, and Qualcomm falling between 3.53% and 5.7%. US Treasury yields were largely unchanged, 10Y and 2Y yields easing a touch, ahead of key economic and Inflation data later this week. Quite on the Fed speak front, though Daly struck a bearish tone stating she doesn’t believe the Fed should cut rates before policymakers are confident inflation is headed toward the 2% target. Money markets pricing in a 61.1% chance of a rate cut in September according to CME FedWatch Tool.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 24 June: The ASX 200 has closed down 62 points (-0.8%) to 7734.

Mon, 24 Jun 2024 17:00:00 +1000

The ASX 200 has closed down 62 points (-0.8%) to 7734. The morning sell-off in Energy, Health Care, Consumer Discretionary and Commodities accelerated towards the close. Taking all but one of the major eleven sectors into the red with them. Energy finished worst off, oil, coal and uranium stocks down. WDS -2%, WHC -3.3% and BOE down 5.3%. PDN remains in trading halt. RMD finished close to its lows, -13.2%. CSL and COH holding up better. Down 0.3% and 0.4%. PME ploughed higher to another 52-week high, an unstoppable force currently. Up 0.47%. CTT lost around $400m in market cap, down 49% and 52% at worst. In commodities, there was nowhere to hide. Save for JHX (+1.3%) which reiterated guidance and a few mining contractors. IPL up 2.5% and ORI up 1.1%. Iron ore giants down, gold down, copper down, lithium down, rare earths down. All down. The defensives held up OK, ORG off 0.9% but AGL up 1.1%. WOW and COL only fell 0.6% and 0.1% on news the government may impose heavy fines to supermarket giants found guilty of unfairly squeezing suppliers on pricing. Tech fairly flat and the big banks gave in to selling pressure after midday. The big four down between 0.3% and 1%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 24 June: ASX set to fall. SPI futures down 16 points.

Mon, 24 Jun 2024 08:00:00 +1000

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 21 June: ASX200 finishes the week up 72 points.

Fri, 21 Jun 2024 17:00:00 +1000

The ASX200 has finished the day up 27 points (0.34%) and up 72 points for the week. Utilities and Energy were the best two performing sectors on the back of last night’s oil price rise. WDS up 1% and KAR up 3.6% on a broker upgrade. Utility stocks ORG and MCY saw big gains on a double hit of rising oil price and news of European sanctions on Russian natural gas. Up 3.3% and 4.1%. Telecom up again, TLS and REA gained 1.4% and 3.2%. TLS had its best week for some time. One of the least volatile stocks on the ASX, it added 4.6%. Health Care, Tech and REITS also in the green. COH recovered 3.2% of its 4.8% drop yesterday. Industrials and Consumer Discretionary were the only sectors to finish down. The big banks closed flat save for ANZ, off 0.9%. CBA is close to overtaking BHP as Australia's most valuable company. KMD had trading halting pending news of an earnings downgrade. It lost 7.7% on resumption. GYG closed down 3.3% on its second day of trading, was down 8% at worst.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 21 June: ASX set for a small rise. SPI futures up 6 points.

Fri, 21 Jun 2024 09:00:00 +1000

Wall Street ended mostly mixed overnight. The Dow Jones outperformed, advancing 300 points (+0.77%). Up 398 points at best. Down 56 points at worst. The S&P 500 briefly topped 5,500 points for the first time ever. A year-end target multiple brokers have forecasted before losing traction, falling 0.25%. The NASDAQ fell 0.79%, snapping a seven-session streak of record closing highs weighed down by losses in big tech. Nvidia -3.5% and Apple -2.2%. In economics, initial jobless claims came in at 238k, up from 235k expectations, and US housing starts fell 5.5% to an annualised 1.27m in May-24, the lowest level since July-20. Treasury yields rebounded, the 10Y yields rose above 4.27% before finishing at 4.261%. They touched a three-month low earlier in the week. The 2Y yield edged up 2.1bps. Nothing new or material in Fed speak, Fed’s Kashkari said rate outlooks depend on path of data.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 20 June: A flat day for the ASX200.

Thu, 20 Jun 2024 17:00:00 +1000

The ASX 200 has finished flat to 7769, slightly better than futures were suggesting. A quiet session that lacked direction, following a similarly quiet night in Europe while US markets were closed. Tech and Health Care the only sectors with significant moves. Health Care worst off after a 4.8% drop in COH (no new news). CSL and RMD fell in sympathy 0.8%. Tech stocks were sold off despite NASDAQ futures heading higher. WTC down another 0.5%, XRO down 0.2% and NXT off 1.6%. The other major sectors all traded in a narrow range. REITS finished on top thanks to solid gains in SCG, VCX, GPT and MGR. Big banks regained some ground from yesterday. The CBA best, up 0.6%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 20 June: Australian shares to fall at the opening bell, with SPI Futures down 21 points.

Thu, 20 Jun 2024 09:00:00 +1000

US markets closed overnight for Juneteenth National Independence Day. Australian shares to fall at the opening bell, with SPI Futures down 21 points. European equity markets closed firmly lower, weighed down by losses in real estate and technology stocks, while UK miners found buyers as the market digested inflation data. The STOXX 50 fell 0.61%, and the STOXX 600 eased 0.17% after the European Commission issued formal reprimands to France, Italy, and five other members over wider-than-allowed fiscal deficits. Paris’s CAC 40 ended its two-day winning streak falling 0.77%, amid uneasiness surrounding the country's political future. Frankfurt’s DAX booked a 0.35% loss in thin trading. London’s FTSE 100 outperformed its peers, reversing earlier losses to finish up 0.17%. UK inflation returned to its 2% target in May for the first time in nearly three years, however, core inflation remains too high, so it's likely BoE will wait longer to cut rates.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 19 June: Big bank basket down 0.5% to $219.36.

Wed, 19 Jun 2024 17:00:00 +1000

The Australian market has finished the day down 8 points (-0.11%) to 7770. Energy was the standout performer on the back of another strong gain in the oil price (WTI was up 1.7% overnight). WDS and STO up 1.3% and 1.1%. BPT in contrast was hit hard, down 4.3% on multiple broker downgrades after the company announced low er production and higher CAPEX yesterday. Staples continued their strong run, up in every session this week. WOW and COL up 0.1% and 0.7%. TWE up 2.7%, positive China-Australia sentiment giving the stock a boost. Tech mirrored the NASDAQ, closing near flat. WTC’s short-term selling took a break, up 0.1% while XRO gained 0.8%. REITs and Healthcare closed near flat. The big banks closed down between 0.4% and 0.8% with NAB the exception. Up 0.5%. In commodities, the iron ore giants finished flat. FMG lost a 2.5% morning gain. Citi downgraded its 2025 iron ore price forecasts while lifting those for copper and aluminium. SFR finished down 1.7%, AWC down 0.6%. Uranium stocks were in the green after the Coalition announced plans to build seven nuclear reactors by 2050 if elected next year. PDN, BOE and DYL up 1.1%, 2.2% and 4.2%. Gold stocks responded well to the overnight commodity price rise and bond yield drop. Lithium down again.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 19 June: ASX to edge lower. SPI Futures down 8 points (-0.10%).

Wed, 19 Jun 2024 09:00:00 +1000

Wall Street ended higher overnight following softer-than-expected US retail sales data. The S&P 500 recorded its 31st record high of the year, gaining 0.25%. Boosted by Nvidia up 3.5%, surpassing Microsoft (-0.5%) to become the world's most valuable company. Market cap of $3.335T. The NASDAQ was near flat, while the Dow advanced 57 points (+0.15). Up 159 points at best. Down 50 points at worst. The Philadelphia SE Semiconductor index recorded another record high, boosted by gains in Qualcomm +2.2%, Arm Holdings +8.6%, and Micron +3.8% extending their recent rallies. US Retail sales rose 0.1% MonM in May, below the forecast of 0.2%, in another sign that consumer sentiment is cooling. Treasury yields have fallen in five of the last six sessions. 10Y yield down 6.6bps and 2Y yield off 4.9bps.

If you're not a member, why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 18 June: ASX 200 has finished the day up 78 points (1%) closing near the high.

Tue, 18 Jun 2024 17:00:00 +1000

The ASX 200 has finished the day up 78 points (1%) to 7778, closing near the high. The RBA’s decision to hold rates passing unnoticed by the market. Bond yields did respond, the AU2Y rising 5bp on the announcement and subsequent Michele Bullock press conference. The Utilities sector was the star performer thanks to a 3.5% rise in ORG. Banks were next best with solid gains continuing. MQG up 2.6%, the CBA up 2% (will tend to do better than its peers which have gone ex-dividend already). ANZ, WBC and NAB still up between 0.9% and 2.1%. Defensives kept up the winning streak. Industrials, Health Care and Staples doing well. TCL unperturbed by the bond yield gains. Up 1.6%. SVW recovered some of its 2.1% drop yesterday. Materials was the only major sector to finish flat thanks to FMG’s big block sale commencing. Down 5.2%. BHP and RIO both managed gains after five straight down days. Up 0.6% and 0.9%. Gold stocks were mixed as bond yields rose. NEM up 2.2% on a broker upgrade. NST down 1.1%. Uranium fairly flat aside from BOE up 2.2%. Spot prices hovering around US$85 a pound. Lithium stocks had a small relief rally after taking a battering. PLS the best up 3.8%. It had fallen 25% in less than a month.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 18 June: ASX to rise. SPI Futures up 29 points (+0.38%).

Tue, 18 Jun 2024 08:00:00 +1000

US equities kicked off the week on a positive note. The S&P 500 rose 0.77%, hitting its 30th record high this year. The NASDAQ advanced 0.95%, marking its sixth consecutive record high, buoyed by gains in large tech stocks. The Dow Jones gained 189 points (+0.49%), ending just off best levels. Up 251 points at best. Down 157 points at worst. Philadelphia SE Semiconductor index touched an all-time high before finishing up 1.60%, as funds found their way into chip stocks. Broadcom +5.4%, Taiwan SC Manufacturing +2.7%, and Micron Technology gaining 4.5% after increases in price targets by brokers. Goldman Sachs lifted its 2024 S&P 500 year-end target from 5,200 to 5,600, while Evercore ISI raised its forecast from 4,750 to 6,000. Both brokerages cited tech strength and AI optimism as reasons for their upgrades. Treasury yields climbed following several high-grade corporate bond sales exceeding $21bn, led by Home Depot. 10Y and 2Y yields up 6bps. In Fed speak, Harker stressed the Fed’s data dependence, with one cut possibly by year-end.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Monday 17 June

Mon, 17 Jun 2024 17:00:00 +1000

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Monday 17 June

Mon, 17 Jun 2024 08:00:00 +1000

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 14 June

Fri, 14 Jun 2024 17:00:00 +1000

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 14 June

Fri, 14 Jun 2024 08:00:00 +1000

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 13 June: ASX 200 Rises to 7750 | Resources Under Pressure

Thu, 13 Jun 2024 16:00:00 +1000

ASX 200 limped to a 34-point rise to 7750 (+0.4%), following the US higher without great enthusiasm. Jobs numbers this morning point to no reason for the RBA to cut rates. Meeting next week. Once again, it was a tale of two sectors. Banks up, and resources down. The Big Bank Basket continued to trundle higher, up to $216.44 (+0.8%) led by CBA up 1.1%. NAB is at a nine-year high, up 0.8%. MQG slipped 0.6%, and ASX fell 8.0% on a blowout in Capex. REITs once again better on lower 10-year yields. GMG up 2.3%, and VCX up 0.8%. Industrials were also firm, WES recovered another 1.2%, TCL rose 0.7% on lower rates, ‘old skool’ platforms did well, REA up 3.2%, and CAR rallied 1.1%. Tech also in demand, with WTC up 2.0% and XRO pushing 2.3% higher. The All-Tech Index up 1.9%. Healthcare better too, with CSL up 2.0% and SHL up 1.0%. A different story in iron ore with BHP and RIO both easing. Lithium and base metal stocks failed to launch following better LME pricing. Gold miners were mixed with NST down 0.2% and EVN off 0.5%. Oil and gas stocks fell, WDS down 0.9%, but uranium stocks saw a modest bounce, BOE up 1.0%, and PDN falling 0.8%. In corporate news, SIG fell 3.7% as the ACCC has some concerns about the Chemist Warehouse deal. CSR shareholders voted to accept the French takeover, ending a 62 - year run as an ASX-listed company. QAN fell 0.5% after it bought out the remaining TripADeal shareholders. TLX is in a trading halt as it finalises its Nasdaq IPO. On the economic front, unemployment fell slightly to 4%. Asian markets lower, China down 0.2%, HK up 0.5% and Japan off 0.9%. 10Y yields back to 4.21%. Dow Futures -0.1%, and NASDAQ Futures +0.7%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 13 June: SPI up 52 as Fed Delivers Good News on Rates

Thu, 13 Jun 2024 09:00:00 +1000

Wall Street ended mixed overnight. The S&P 500 and NASDAQ both posted record closing highs for a third consecutive session, gaining 0.85% and 1.53%, respectively, with the S&P 500 topping 5,400 for the first time in its history. The Dow fell 35 points (0.09%), losing its morning gains. Up 373 points at best. Down 126 points at worst. The FOMC meeting can be dubbed as a nothing burger, the Fed held rates as expected and pencilled in just one rate cut this year and forecast more for 2025, with the 2024 FOMC median dot showing 25bp of cuts vs 75bp prior, signalling no rush to cut rates. Inflation data came in cooler than expected as cheaper gas and other goods offset higher costs for rental housing, though remains too high for the Fed to start cutting rates before September. Treasury yields dropped, 10Y yield fell 8.4bps to 4.318% after hitting 4.25%, its lowest level since April 1st, and the 2Y yield eased 7.8bps to 4.756%. Market expectations for a September rate cut have jumped to 56.7%, up from 46.8% one day ago, after rising to ~70% in the wake of inflation data, according to CME’s FedWatch Tool.

ASX SPI up 52 Points

COMMODITIES

Copper prices rise as cooling US inflation boosts rate cut hopes.
Oil settles up on Mideast tension, gains curbed as interest rate cuts pushed back.
Gold pares gains on reduced rate cut bets after Fed verdict.
Iron ore struggles for direction as China data counters soft demand outlook.
A fifth of copper smelting capacity suspended in May, data shows.
Strong imports drive surprise crude stock build, fuel inventories also rise, EIA says.
Gold rush to endure through 2024 though $3,000 mark may prove elusive.
US imposes sanctions on several Hong Kong, UAE firms for dealing with Russian-origin gold.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 12 June: ASX 200 Drops 40 Ahead of US CPI and Fed

Wed, 12 Jun 2024 16:00:00 +1000

ASX 200 lost another 40points to 7716 (0.5%) ahead of Fed meeting and US CPI. Once again, resources were the biggest culprits as iron ore remains under pressure, BHP fell 0.6% and RIO off 1.5% with base metals falling, S32 continues to soften down 0.8% and PLS falling 2.9%. Uranium stocks on the nose as spot prices head lower, BOE down %, DYL down % and NXG falling hard. Gold miners were mixed to weaker, NST down 0.7% and NEM off 0.5% with gains in EMR. Oil and gas slightly higher as WDS put on 2.6% on a broker upgrade. Banks were a little sloppy with the Big Bank Basket down to $214.33 (-0.5%). CBA down 0.7% and NAB down 0.4%. MQG off 0.7% with REITs slipping, SCG off 0.6% and GPT falling 1.4%. Industrials weaker again, WES off 1.3% with utilities slipping, ORG off 0.9% and Tech off slightly. The All-Tech Index down 0.6%. Retail mixed as JBH up 1.9% with PMV off 0.5%. BAP had a good day, up 1% as brokers speculated that there could be competition for the company. In corporate news, SUL appointed a new chair. Talk on the impending GYG float with one research house questioning the valuation. On the economic front, Chinese prices rose less than expected in May. The CPI rose 0.3% from a year earlier. In Asia, Japan slipped 0.7%, HK dropped 1.1% and China up 0.2%. 10-year yields steady at 4.29%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 12 June: Resources Fall | Waiting for Fed

Wed, 12 Jun 2024 08:00:00 +1000

The S&P 500 and the Nasdaq Composite rose to fresh closing records on Tuesday, led upward by Apple. The 30-stock Dow Jones Industrial Average lost 120.62 points, or 0.31%, to end at 38,747.42.

ASX SPI down 36

Oil settled slightly up on forecasts for strong global demand.
Gold edges up as investors eye Fed outlook, US inflation data.
Iron ore tumbles to 2-month low on concerns over weakening China demand.
Copper hits seven-week low on weak China indicators and strong dollar.
OPEC sticks to 2024 oil demand growth forecast but trims Q1 view.
Saudi crude oil exports to China to fall for 3rd straight month in July.
Red Sea ships attacks push 47% more crude oil, fuels around Africa.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 11 June: Resources Mauled | Down Ahead of Fed

Tue, 11 Jun 2024 16:00:00 +1000

ASX 200 fell 105 points to 7753 (-1.3%) as banks pulled back from record highs and resources came under pressure on commodity price drops on US data. Iron slipping badly towards $100, BHP down 1.8%, RIO down 1.9%, and FMG off 3.2%. Base metal stocks were badly mauled, S32 off 5.2% and PLS falling 3.8%, with other lithium stocks similarly afflicted. Gold miners also whacked on bullion falls, NST down 5.1% and NEM off 3.3%, with EVN down 6.5% and DEG down 6.2%. Oil and gas stocks also fell, with WDS off 0.4% and STO down 0.8%. Uranium stocks fell hard, BOE down 5.3% with PDN sliding 5.5% and coal stocks also in trouble, WHC down 3.9%. Banks slid slightly, with the Big Bank Basket down to $215.40 (-0.7%). WBC and NAB down 1.0%, with MQG falling 1.2%. Insurers down too, with QBE off 1.2% and ASX falling 1.4%. REITs suffered as bond yields rose, 10Y yields hit 4.31%. GMG falling 1.6%, SGP down 2.6% and SCG off 2.8%. Industrials down too, TLS fell 1.1%, with WOW and COL off as utilities eased back. ORG down 2.6%, and APA falling 1.3%. Healthcare offered no harbour, CSL off 0.9%. Tech eased, with the All-Tech Index down 0.5%. In corporate news, BAP rose 14.0% on an approach from Bain Capital at 540c, AGL fell 1.7% spending $150m to take a 20% stake in Kalauza. Saaint Gobain bid for CSR gets FIRB approval. On the economic front, business confidence fell back into negative territory in May. Asian markets mixed again, with China back from a holiday for Dragon Boat Festival down 1.9%, HK off 1.2%, and Japan down 0.2%. Dow Futures down 20 points. NASDAQ Futures down one point.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Tuesday 11 June: SPI to Play Catch up | Resources Under Pressure

Tue, 11 Jun 2024 08:00:00 +1000

The S&P 500 and Nasdaq Composite closed at fresh records as Nvidia lifted tech stocks and investors looked ahead to the Federal Reserve’s interest rate decision.

The broader market index advanced by 0.26%, closing at 5,360.79, while the Nasdaq Composite gained 0.35% to end at 17,192.53. The Dow Jones Industrial Average added 69.05 points, or 0.18%, ending at 38,868.04.

SPI down 46 Friday 33 last night Commodities under serious pressure.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Friday 7 June: Solid Week | CBA Hits New Record

Fri, 07 Jun 2024 16:00:00 +1000

ASX 200 pushed 38 points higher to 7860 (+0.5%) for a third day of gains. Up 2.1% this week. Today resources took up the running, the Three Amigos of Iron ore kicked higher, BHP up 1.1%, and FMG rallying 1.3%. Gold miners were also in demand on bullion highs, NEM up 2.9% and EVN up 1.8%. Base metals slightly higher 29M up 6.0% with lithium stocks mixed, PLS down 2.9% and MIN down 1.0%. Oil and gas slightly better with WDS up 0.4% and STO rallying 0.4%. Banks pushed a little higher at the close, solidifying recent gains, the Big Bank Basket better at $216.93 (+0.5%). MQG a little better, and Insurers are once again in demand, QBE hitting highs up 0.9%. Industrials generally firm but unexciting. WES managing a kick along up 1.3%, and WOW and COL better. Tech mixed with the All-Tech Index up 0.5%. Healthcare mixed, CSL down 0.2% and RMD up 0.5%. In corporate news, GQG rallied 2.3% on very positive FUM news, 360 fell 6.1% in its US IPO listing, PWR appointed a new CEO. In economic news, we had some household spending data, and the Reserve Bank of India (RBI) kept rates unchanged. Asian markets were weaker, with Japan down 0.1%, HK down 0.7%, and China off 0.3%, with the European market expected to open slightly lower. 10-year yields at 4.23%, and the Aussie dollar edged higher, up 0.1% to 66.72c. Dow and NASDAQ Futures both up 0.2%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Friday 7 June

Fri, 07 Jun 2024 09:00:00 +1000

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Thursday 6 June: CBA Hits Records | ECB Awaits

Thu, 06 Jun 2024 16:00:00 +1000

ASX 200 pushes another 53 points higher to 7822 (+0.7%), with banks leading us ever higher. CBA hitting records up 1.1% as they started making Ai chips (joking), the Big Bank Basket up to $215.88 (+1.0%). MQG also doing well, with financials generally in the green, insurers up around 1.5% and REITs better on rate cut hopes and falling yields. Industrials too up, WES up 1.0% and WOW and COL up around 0.7%. TLS gained 0.6%, and tech stocks are in demand. All-Tech Index up 0.6%, with WTC and XRO both doing well. Resources were a mixed bag, BHP quietly firm, RIO slipped 0.9%, and FMG down 0.3%. Gold miners drew strength from the bullion price, with NST up 1.3% and EVN up 2.1%. Lithium and base metals stocks mixed, PLS up 1.4% and MIN down 0.3%. Uranium stocks still sold off, PDN down 0.4% and NXG off 3.1%. In corporate news, IEL dropped 7.5% on an update following government moves to curb international students. SKC suspended its dividend in a trading update, MFG revealed some stability in FUM, gaining 1.3%. On the economic front, we had building approvals and lending, which showed room to move for the RBA perhaps. Meanwhile, Asian markets were better Japan up 0.3%, China down 0.5% and HK down 0.1%. 10Y yields at 4.22%, and the Aussie dollar edged higher 0.2%. Dow Futures down 17 points. NASDAQ Futures up 4 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Thursday 6 June: S&P 500 Hits Another Record

Wed, 05 Jun 2024 16:00:00 +1000

The S&P 500 jumped 1.18% to close at 5,354.03. The index also touched a new intraday all-time high of 5,354.16. The Nasdaq Composite jumped 1.96% to 17,187.90 and also hit a new record, while the Dow Jones Industrial Average added 0.25% to close at 38,807.33. Nvidia powered those gains surging more than 5% to top a $3 trillion market valuation and surpass Apple in value.

ASX to rise. SPI Futures up 42 points (+0.54%).

Base metals lower. Aluminium -1.17%, Zinc -1.90%, Lead 0.73%, and Tin -1.24%.
Copper fell -0.77% sliding to near a one-month low, pausing its strongest rally in years as demand expectations for the metal are yet to translate into higher consumption.
Nickel down 4.43%, falling to a seven-week low.
Gold gains 1.21% as bond yields fall after weaker-than-expected US private payrolls data.
Iron ore fell 0.51% for a fifth consecutive session, hitting a seven-week low pressured by weak steel demand.
10Y Bond Yields – US 4.277%, Australia 4.210%, and Germany 2.506%.
Currencies – AUD +0.02%, USD Index +0.18%, Euro +0.01%, and Bitcoin +0.97%.
Oil prices rebounded from four-month lows on hopes that rate cuts in September would outweigh demand concerns after data showed an increase in US crude and fuel stocks. WTI 1.09% and Brent Crude 1.91%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Wednesday 5 June: Banks Fire, Resources Fail To Launch

Wed, 05 Jun 2024 16:00:00 +1000

ASX 200 rallies 32 points to 7769 (+0.4%) as rate-sensitive and defensives seize the day. Banks pushing onwards and upwards, CBA up 0.8% with the Big Bank Basket up to $213.81 (+0.7%). Insurers rallied for no real reason, QBE up 0.4% and SUN up 1.6%. GQG on the nose following Modi failing to win a majority in Indian elections. REITs are also in demand as 10Y remains subdued after tepid GDP helped rate-cut optimists. GMG up 1.5% with SCG up 1.3%. Healthcare also in demand, defensive maybe. CSL up 1.4%, with RMD up 2.7%. Industrials too in the green TLS up 1.4% with REA up 1.6% and CAR driving hard up 3.4%. Retail also slightly better, LOV bouncing 2.7% and SUL up 1.8%. Travel stocks finding friends and cleared for take-off., WEB up 2.4%, and CTD putting on 1.9%. It was a different story in resources as commodities were hit overnight. Iron ore majors remain under pressure, BHP down 0.9% and FMG off 0.8%. Gold miners too wallowed on bullion falls, NST down 0.3% and NEM falling 2.5%. Lithium depressed, with IGO off 3.3% and PLS down 1.1%. Energy stocks also Billy no friends. Uranium stocks were depleted, and coal stocks were not so merry. WHC down 3.7%.

In corporate news, TWE rallied 5.3% on a guidance update, MPL fell slightly as civil penalty proceedings began, SEK sold its LATAM business, and XRO fell 4.5% on a convertible bond issue. On the economic front, GDP not great, Michele Bullock in Canberra. Canadian rate decision tonight. Asian markets mixed again, HK up 0.4% with Japan off 1.4% and China off 0.5%. Dow Futures up 97 points. NASDAQ Futures down 51 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

Pre-Market Report – Wednesday 5 June: Commodities Under Attack

Wed, 05 Jun 2024 08:00:00 +1000

Stocks in the US finished slightly higher on Tuesday, as the S&P 500 and the Nasdaq added 0.1% each, while the Dow rose 140 points. Investors were digesting fresh data and assessing the health of the US economy and the future path of interest rates. The JOLTS job openings fell significantly more than forecast to 8.059m, the lowest level since February 2021, indicating a cooling labor market.

ASX to fall. SPI Futures down 4 points (-0.05%).

Base metals lower across the board. Copper -2.24%, Nickel 2.05%, Aluminium -0.37%, Zinc -0.56%, Lead -1.86% and Tin 1.51%.
Copper %
Iron ore fell 2.71%, hitting near seven-week lows on signs of weakening short-term and long-term prospects from China. Dalian iron ore -1.56%.
Gold fell 1.01% as the dollar steadied.
WTI -1.31% and Brent Crude -1.38%.
Currencies – AUD +0.06%, USD Index flat, Euro +0.01%, and Bitcoin +2.02%.
10Y Bond Yields – US 4.330%, Australia 4.232%, and Germany 2.542%.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.

End of Day Report – Tuesday 4 June: Quiet Day | Banks Hitting Records

Tue, 04 Jun 2024 16:00:00 +1000

ASX 200 slips 24points to 7737 (+0.3%) in lacklustre trade. Banks held up after good gains yesterday, the Big Bank Basket at $212.35 (+0.6%). Insurers slipped back, and MQG went nowhere. REITs mostly weaker, GMG up 0.6% with others softer, SCG off 1.3% and GPT down 0.9%. Healthcare mixed CSL with a slight gain, SHL down 0.5% again. Industrials were flat, TLS up 0.3% and BXB down 1.2%. QAN rebounded 1.2% with retail still struggling. LOV down 2.2% on broker revisions. HVN off 0.7%. Resources were weaker with the exception of the gold miners, making up some lost ground from yesterday, NST up 1.0% and PRU up 3.0%. Iron ore stocks fell again, BHP down 1.2% as were RIO and FMG off 0.8% and 1.9% respectively. Lithium and uranium stocks fell, PLS down 1.8% and PDN off 1.5%. Oil and gas stocks smacked down on OPEC + news, WDS off 1.8% and BPT off 2.4%. In corporate news, 360 launched an IPO in the US. COE affirmed guidance, and John Borghetti was appointed chair of Crown On the economic front, the Balance of Payments came in a little undercooked. Asian markets mixed again, Japan down 0.4%, China flat, and HK up 0.5%. 10-year yields 4.31%. Dow Futures down 14 points. NASDAQ Futures down 6 points.

Why not sign up for a free trial? Get access to expert market insights and manage your investments with confidence.

Ready to invest in yourself? Join the Marcus Today community.