Australian (ASX) Stock Market Forum

Today's trading on the ASX

Jump to new
SPI futures are pointing down 40 points or 0.5 per cent to 8832.
.
AUD up 0.2% to US66.85¢

Gold up to $US3689.86 an ounce
Brent oil up to $US68.50 a bbl
Iron ore up to $US106.30 a tonne
10-year Bonds: US 4.03%, Australia 4.22%
 
For the first time since December, the U.S Federal Reserve has voted 11–1 to cut interest rates, cutting rates by 25 basis points and signaling that two more cuts could be coming before the end of the year, as the country faces a faltering labor market with the lowest job growth since 2020.

ASX looking to open modestly lower, AUD is down a bit, Gold down, 10-year Bonds are up. ¿will update?
 
Dona Ferentes said:
U.S Federal Reserve has voted, cutting rates by 25 basis points and signaling two more cuts .

ASX looking to open modestly lower, AUD is down a bit, Gold down, 10-year Bonds are up. ¿will update?
Click to expand...

Local equities are set for a softer open. Futures suggest the S&P/ASX 200 Index will fall 15 points, or 0.2 per cent, to 8839, after Wall Street’s choppy finish

AUD -0.5% to US66.52¢
Gold -0.8% to $US3659.28 an ounce
Brent oil -0.8% to $US67.92 a barrel
Iron ore -0.3% to $US105.85 a tonne
10-year yield: US 4.09% Australia 4.22%
 
Good day.

ASX 200 futures are pointing up 16 points or 0.2 per cent.

The Aussie Dollar is up 0.1% to US65.99¢
Gold up 1.7% to $US3748.17 an ounce
Brent oil flat at $US66.63 a barrel
Iron ore flat at $US106.60 a tonne
10-year Bond yields: US creeping up at 4.15%, Australia 4.26%
 
It looks like we’re going to be talking about AI all through Week 39, with the artificial intelligence “gold rush” in the U.S. pushing all indexes up – including the ASX 200, which is now pointing towards a +24% advance.

Most comes from Nvidia’s pledge to invest as much as US$100 billion in OpenAI to “support new data centres and other AI-geared infrastructure.” More and more analysts Down Under are taking a similar bullish stance on the future-tech, with the ABC‘s gurus likening it to the 1850s gold rush.

(And speaking of gold, more on this later, but there’s new records there, too.)

Whether this writer would go that far still remains to be seen, but all the positive sentiments around any companies putting money in the sector are definitely drawing out green arrows on charts everywhere this week.

It’s been three straight record closes on Wall Street off the hype, though that has been bundled up with many betting on further Federal Reserve chops.

Even London, up +0.1%, and the tech-heavy Nikkei, +1%, both gained today.

The question now is how this will impact companies on Tuesday – here’s the news there.
 
Bailxtrader said:
It looks like we’re going to be talking about AI all through Week 39, with the artificial intelligence “gold rush” in the U.S. pushing all indexes up – including the ASX 200, which is now pointing towards a +24% advance.

Most comes from Nvidia’s pledge to invest as much as US$100 billion in OpenAI to “support new data centres and other AI-geared infrastructure.” More and more analysts Down Under are taking a similar bullish stance on the future-tech, with the ABC‘s gurus likening it to the 1850s gold rush.

(And speaking of gold, more on this later, but there’s new records there, too.)

Whether this writer would go that far still remains to be seen, but all the positive sentiments around any companies putting money in the sector are definitely drawing out green arrows on charts everywhere this week.

It’s been three straight record closes on Wall Street off the hype, though that has been bundled up with many betting on further Federal Reserve chops.

Even London, up +0.1%, and the tech-heavy Nikkei, +1%, both gained today.

The question now is how this will impact companies on Tuesday – here’s the news there.
Click to expand...
i would rather talk about the 'gold miner rush ' ( although most of my gold miners are very nicely up already , with alas GOR soon to depart from my holdings albeit at a 150% profit )

i prefer the 'sell shovels to the miners ' strategy , so focus on companies needed to support the 'AI dream ' ( including REITs with large tracts of industry-approved land ) and of course miners of boring commodities like iron and copper


remember those AI dreams will suck enormous amounts of energy and finance , cautious investors still have some good 'coat-tail' options
 
Top