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Today's trading on the ASX

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Evening Wrap: ASX 200 recoups more ground as tariff fears subside, BHP, CBA, ANZ lead blue-chip bargain hunting .... The S&P/ASX 200 closed 102.1 points higher, up 1.34%​

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Evening Wrap: ASX 200 recoups more ground as tariff fears subside, BHP, CBA, ANZ lead blue-chip bargain hunting

The ASX 200 logged another welcome gain, following on from Friday's dip-then-recovery. Investors cheered a further watering down of US tariff measures, this time on certain key tech goods. This helped Information Technology stocks lead the gains (+2.6%), with WiseTech Global (WTC) (+3.1%) and...
www.marketindex.com.au
 
Getting somewhat close to my pick in the XAO pick
 
When will old habits die?
Some thoughts with the fact we carry on following the US market the way we do in the next day market forecasts.
If the US market is thrown a good news story and goes up, why should the asx rejoice in april 2025?
It is not rocket science to say we are hook and sinker linked to the Chinese economy
Our stock market is IO, some energy companies not killed yet by netzero, and big banks feeding on mortgages to retail real estates, with an extra boost from a super system which is also funded by employment, all based on a chinese supply pyramid.
Crude but true.
Do we still assume that what is good for the US market is good to China, and reverse?
Cause that is what we do daily on the ASX yet the big Trump shift is the very opposite ...
 
Oil prices closed little changed, but OPEC cut its demand forecast due to trade tensions. WTI crude edged up 0.05% to US$61.53 a barrel. Brent crude rose 0.09% to US$64.82 a barrel.

Spot gold is trading 0.02% lower at US$3,210.34 an ounce.

One Australian dollar is buying 63.23 US cents.

The SPI futures are pointing to an 18 point rise
 

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Evening Wrap: ASX 200 edges higher as Trump's new semiconductor focus sends rare earths, critical metals stocks soaring... The S&P/ASX 200 closed 13.1 points higher, up 0.17%.​

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Evening Wrap: ASX 200 edges higher as Trump's new semiconductor focus sends rare earths, critical metals stocks soaring

A slender gain today, led by major Healthcare (+1.3%) and Financials (+0.5%) stocks. CSL (+2.6%) and Resmed (RMD) (+0.63%) drove the gain in Healthcare as investors digested a Morgan Stanley report suggesting that across the sector, these two are "best positioned at current levels" to weather...
www.marketindex.com.au
 
US markets took a breather on Tuesday, with the major indexes posting slight declines as tariff volatility subsided and investors digested a fresh wave of corporate earnings.
  • WTI crude is trading 0.32% lower at US$61.33 a barrel.
  • Spot gold is trading flat at US$3,230.69 an ounce.
  • One Australian dollar is buying 63.37 US cents.
The ASX is expected to open slightly higher this morning, mirroring Wall Street’s subdued finish. The SPI futures are pointing to a 3 point fall.

Key local earnings are due from Bank of Queensland, Iluka, Karoon Energy and Rio Tinto.

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Where to today chaps and chapettes? An indolent copy of overseas would be my guess.

gg
 

Evening Wrap: ASX 200 flat close hides two-speed market as gold, rare earths, banks up vs healthcare, energy slump on trump woes... The S&P/ASX 200 closed 2.8 points lower, down 0.04%​

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Evening Wrap: ASX 200 flat close hides two-speed market as gold, rare earths, banks up vs healthcare, energy slump on trump woes

Gold stocks kept up their recent fine form with near-double digit gains in Genesis Minerals (GMD) (+8.4%) and Bellevue Gold (BGL) (+8.4%). The gold price tipped another record high overnight. Financials also contributed, with continued flight to safety and yield buying in the Big 4 banks, plus...
www.marketindex.com.au
 
Unfortunately this yo-yoing will be with s as long as The Trumpet does, and he doesn't.
Definitely brain dead moves on a whim.
I was talking to a bloke with friends in the Mid West of good 'ol US of A.
He said for them the panic is setting in now, with the perceived benefits not being a reality but a massive impost on their budgets and bottom line.
 
The SPI futures are pointing to a 26 point fall.
  • WTI crude is trading 1.86% higher at US$62.47 a barrel.
  • Spot gold is trading 3.48% higher at US$3,343.12 an ounce.
  • One Australian dollar is buying 63.72 US cents.
A string of quarterly earnings reports from major mining companies, including Alcoa, BHP, Pilbara Minerals, Challenger, South32, plus Transurban and AMP.
 
ASX is in reverse to the US markets, even with the bad news.

Something odd is going on here, not sure if I should start dumping the very few I have in the green.
 

Evening Wrap: ASX 200 pops as bargain hunters target Energy, Rare Earths and Base Metals stocks, WDS, LYC and RIO standouts... The S&P/ASX 200 closed 60.2 points higher, up 0.78%.​

Evening Wrap: ASX 200 pops as bargain hunters target Energy, Rare Earths and Base Metals stocks, WDS, LYC and RIO standouts

Major iron ore miners like BHP Group (BHP) (+1.1%) and Rio Tinto (RIO) (+2.9%) also rallied, but this time without a commensurate increase in the iron ore price. Indeed most metals prices were lower over the last 24-hours. This didn't stop strong gains across the Resources sector, though, with...
www.marketindex.com.au
 
it's has been a long weekend.

SPI futures pretty meaningless. Wall St traded on Monday, and Dow -2.5%, S&P -2.4% and Nasdaq -2.6%, with VIX up 4.2 points to 33.82
  • AUD +2.2% to US64.11¢
  • Bitcoin +2.5% to $US87,168
  • Gold +3% to $US3424.25 an ounce
  • Brent oil -2.1% to $US66.54 a barrel
  • Iron ore +2.2% to $US99.60 a tonne
  • 10-year yield: US 4.41%, Australia 4.28%
 

Evening Wrap: ASX 200 defies Trump-Fed spat as safe haven buying lifts gold, Commonwealth Bank, supermarkets ... S&P/ ASX 200 closed 2.4 points lower, down 0.03%.​


(takes 2 to have a spat. This is onesided bombast)

Evening Wrap: ASX 200 defies Trump-Fed spat as safe haven buying lifts Commonwealth Bank, supermarkets and gold

Aussie stocks hung tough today, largely shaking off sharp falls in US stocks on Monday as the Trump administration stepped up its rhetoric against Federal Reserve Chairman Jerome Powell. Having said this, it was a very specific, very defensive rally, with investors opting mainly for the relative...
www.marketindex.com.au
 
Futures for the S&P/ASX 200 suggest the local bourse is set to jump more than 100 points at the open after the major benchmarks in New York all closed up more than 2 per cent.

Stocks rallied and gold fell after Bloomberg reported closed-door comments by Treasury Secretary Scott Bessent as saying the tariff stand-off with China is unsustainable and that he expects the situation to de-escalate.
  • AUD: -0.6% to 63.78US¢
  • Gold: -1.2% to $US3384.39 an ounce
  • US 10-year yield: 4.39%
 

Evening Wrap: ASX 200 enjoys another Trump relief rally, but it could be game over for gold and gold stocks ... The S&P/ASX 200 closed 103.8 points higher, up 1.33%​

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Evening Wrap: ASX 200 enjoys another Trump relief rally, but it could be game over for gold and gold stocks

Ecstasy to agony. Gold stocks have surged for months, culminating in yesterday's melt-up – but were absolutely smashed today – down around 10% on average as the gold price reversed on yet another about-face from the Trump administration. But it could also be argued there was also plenty of agony...
www.marketindex.com.au
 
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Wall St up, VIX down, bonds flat.
ASX futures are pointing up 13 points, or by 0.2 per cent, to 7946

AUD flat to 62.64US¢
Bitcoin +3.4% to $93,476
Gold -2.6% to $US3291.90 an ounce
Brent oil -2.0% to $US66.09 a barrel
Iron ore +1.7% to $US100.30 a tonne
 
We'll see. Good. Good
Good

Good
Good. No idea why I bought the BTC ETF but it should be back in positive territory
Gold was and is due for a retracement before Trump takes off again
Good
Great for my material heavy portfolio.

Thank you @Dona Ferentes

gg
 

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Evening Wrap: ASX 200 closes out massively strong week as big banks & BHP, RIO, FMG hoover up safe-haven buying ....​

The S&P/ASX 200 closed 47.7 points higher, up 0.60%
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Evening Wrap: ASX 200 closes out massively strong week as big banks & BHP, RIO, FMG hoover up safe-haven buying

Another strong performance from Australian shares today, led mainly by all the stuff you'd want to go up if you want to get back to the highs prior to President Trump pulling the lever on Anything Goes Trade Policy Month. So, we're talking the big banks, like ANZ Group (ANZ) (+1.5%), Macquarie...
www.marketindex.com.au
 
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