Australian (ASX) Stock Market Forum

Today's trading on the ASX

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The Australian share market is set to open higher following Wall Street’s gains, as hopes for a US rate cut lifted investor sentiment. Futures are pointing to an 18 point rise. However, concerns remain over Trump’s escalating tariff measures, which continue to cloud the global economic outlook.

Nvidia’s rebound and Tesla’s rally helped steady US markets, providing some support for Australian technology stocks. Meanwhile, the Bank of Canada cut its key interest rate by 25 basis points to 2.75%, highlighting concerns about economic growth.
 
Last time I looked NVDA was up over 6%. Crazy moves. One could interpret it as a pre crash move.

The brokers will be out this morning hawking their wares to the unwary. Not that it needs saying but beware of Greeks bearing gifts @Dona Ferentes

gg
 

Evening Wrap: ASX 200 can't shake heavy selling as coal stocks WHC and NHC plunge, yet gold stocks surge.... The S&P/ASX 200 closed 37.1 points lower, down 0.48%​

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Evening Wrap: ASX 200 can't shake heavy selling as coal stocks WHC and NHC plunge, yet gold stocks surge

Good as gold 🥇. It's been one of the few stable investing themes amidst a maelstrom of Trump Trade War uncertainty. I have detailed reporting on the best of the ASX gold sector today – and there is plenty to discuss – as well as detailed technical analysis of the gold price in ChartWatch...
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modestly lower ; ASX futures were 0.2 per cent, or 12 points lower, predicting the index would extend a three-day losing streak.

On Wall Street, the S&P 500 closed at 5521, its lowest since September. The index has now shed 10 per cent from its February peak. Consumer stocks paced the latest drop with all 11 industry sectors in negative territory
 
Dona Ferentes said:
modestly ... deceptive ?
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EVN, NST, NEM and more surge on new gold record.... The S&P/ASX 200 closed 40.6 points higher, up 0.52%​

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www.marketindex.com.au

Evening Wrap: ASX 200 gold, gold, gold for the ASX! EVN, NST, NEM and more surge on new gold record

A wide-ranging research note from Macquarie that was released yesterday afternoon – and was just too massive to distil into yesterday's Wrap – likely had a big impact on gold and other resources stocks today. The broker covered 46 Resources stocks in the note, upgrading 8, downgrading 3, and...
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Futures trading late Friday suggested the S&P/ASX 200 Index was set to jump more than 80 points on Monday morning.

Spot gold climbed toward $US2994 an ounce on Friday, and futures in New York comfortably topped $3000 an ounce
 
not too bad a day
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Evening Wrap: ASX 200 bounces on surging commodity stocks, Mineral Resources leads lithium charge on big UBS upgrade​

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www.marketindex.com.au

Evening Wrap: ASX 200 bounces on surging commodity stocks, Mineral Resources leads lithium charge on big UBS upgrade

There was plenty of talk about Chinese stimulus drove the strong performance in commodity-related sectors like Resources (XJR), Energy (XEJ) (+1.7%), and Utilities (XUJ), today – the three best to be fair...But it was a double rating upgrade (from SELL straight to BUY) for Mineral Resources...
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and a milestone

ASX futures up 53 points or 0.7 per cent.
  • AUD : +1% to US63.87¢
  • Bitcoin : +1.2% to $US84,046
  • Gold : +0.6% to $US3001.10 an ounce
  • Brent oil : +0.6% to $US70.98 a barrel
  • Iron ore : -2% to $US101.95 a tonne
  • 10-year yield : US 4.30% , Australia 4.41%
 
today's ASX market action ... bit of a fizzer.

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Coal stocks up on strong NHC result, copper miners rally, NAB and MQG hit hard.... S&P /ASX 200 closed 6.3 points higher, up 0.08%.​

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www.marketindex.com.au

Evening Wrap: ASX 200 gains as coal stocks pop on strong NHC result, copper miners rally, NAB and MQG hit hard

Coal stocks popped on a well received half-year results release from New Hope Corporation (NHC) (+8.9%) and uranium stocks notched a bit of an inexplicable rally, but uranium bulls no doubt aren't complaining. Elsewhere copper stocks continued their recent run of form on a continued resurgence...
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A day very much lacking in lustre.
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Evening Wrap: ASX 200 slides despite gains in uranium, critical metals, and battery stocks; MIN dumped on haul road woes ... S&P/ASX 200 closed 32.1 points lower, down 0.41%.​

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Evening Wrap: ASX 200 slides despite gains in uranium, critical metals, and battery stocks, MIN dumps on haul road woes

Uranium stocks saw another steady day of gains today as the uranium price notched a rare gain overnight. Deep Yellow (DYL) (+4.5%), Boss Energy (BOE) (+3.3%), and Bannerman Energy (BMN) (+2.7%) each saw decent gains here. Critical metals and battery materials stocks also saw many strong...
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Australian share futures advanced , and up 53 points, in line with Wall Street. The S&P 500 rallied broadly. Fed’s Powell sees “transitory” tariff impact.
  • AUD : -0.1% to US63.55¢
  • Bitcoin : +4.7% to $US85,829
  • Gold : +0.4% to $US3046.26 an ounce
  • 10-year yield: US 4.24% , Australia 4.42%
 
and whooshka
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Evening Wrap: ASX 200 rallies as hopes grow low is in! Tech, gold, banks best, as uranium rally gains momentum... The S&P/ASX 200 closed 90.6 points higher, up 1.16%.​

www.marketindex.com.au

Evening Wrap: ASX 200 rallies as hopes grow low is in! Tech, gold, banks best, as uranium rally gains momentum

Finally a day for Aussie investors to cheer, and no doubt one that has brought substantial relief to many. Beaten down Information Technology, Real Estate, Banking, Health Care, and Consumer Discretionary stocks recouped some of their recent heavy correction falls. In resources, particularly...
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US markets ended Thursday in negative territory as investors weighed fresh economic data and policy uncertainty. Markets had attempted a rebound earlier in the session following Wednesday’s Federal Reserve decision to hold interest rates steady while forecasting two rate cuts later this year. However, concerns over economic growth and rising inflation expectations dampened sentiment.

- Spot gold is trading at US$3,044.89 an ounce, down 0.1%.
- Brent crude is trading at US$72.21 a barrel, up 2.02%.
- One Australian dollar is buying 63.03 US cents.
- The SPI futures are pointing to a 17 point drop
 
Dona Ferentes said:
The SPI futures are pointing to a 17 point drop
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Friday turned up .. until it didn't , so much
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Evening Wrap: ASX 200 closes out first winning week in five as Coles and Woolworths dodge ACCC bullet.. S&P/ASX 200 closed 13.2 points higher, up 0.17%.​

... and logging its first weekly gain since the current correction began on Valentine’s Day
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www.marketindex.com.au

Evening Wrap: ASX 200 closes out first winning week in five as Coles and Woolworths dodge ACCC bullet

A relatively quiet end to what was an otherwise productive week for Aussie stocks. For the week, the XJO finished up 142 points or 1.83% higher, breaking a 4-week losing streak and logging its first weekly gain since the current correction began on Valentine’s Day. Supermarket operators...
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