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 w…

Opening Bell - Morning Commentary Markets struggled to make headway U.S. equity markets closed modestly lower Thursday following retail-sales data for December. Headline retail sales rose by 0.4% for the month. A slide in tech mega caps dragged down the market. Apple lost 4% in its worst day since August, dragged the Nasdaq Composite 0.89% lower. O…

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…

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% wit…

Opening Bell - Morning Commentary A Change in the Wind Our planet's 23.44-degree axial tilt orchestrates nature's grand seasonal dance. As the sun traverses from south to north across the equator, it heralds winter's end and summer's approach, bringing longer days and warmer skies. This celestial transition traditionally sparks joyous kite-flying c…

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%. Th…

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%. Tec…

Opening Bell - Daily Morning Commentary All eyes on US CPI Global equity markets posted modest gains ahead of U.S. Consumer Price Index (CPI) release, with small- and mid-cap stocks leading the advance. Throughout the trading session, markets fluctuated as investors weighed upcoming inflation data and corporate earnings reports against current stoc…

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&…

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…

Opening Bell - Morning Commentary Pullback rally on cards – Immediate resistance at 23340 American Stocks ended mixed - with the S&P 500 shaking off earlier losses to post its biggest intraday comeback in four months. The technology-heavy Nasdaq lagged the broader S&P 500 and Dow Jones. Oil futures settled Monday at their highest in about five mont…

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. Inve…

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 financi…

Opening Bell - Morning Commentary Markets to open lower on concerns over slower GDP growth and slowdown Q3 earnings. The Indian equity markets witnessed heightened volatility and ended the week with significant losses pressured by selling in financials and energy stocks. Concerns over India’s Currency and GDP growth projections pointing to a four-y…

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 th…

Opening Bell - Daily Morning Commentary Make or Break day for the Indian markets Crucial nonfarm payroll data in US American markets observed holiday on Thursday to honour the death of former President Jimmy Carter, and trading volumes were thin in futures markets. Equity markets are softer amid persistent concerns over a slower pace of interest ra…

Opening Bell - Daily Morning Commentary Earnings season to call the shots American stocks were mixed after a muted session on Wall Street, as the minutes of the Fed’s December meeting struck a hawkish chord, while also raising some concerns over the impact of Trump's planned tariffs. Gains in the Healthcare, Industrials and Telecoms sectors led sha…

“JOLTs” Job report jolts US markets. Indian markets likely to open soft - expected to find buying support at lower levels

Daily Morning Commentary Retail traders overreact to virus fears -markets are set to open modestly higher. First about the global markets – US markets rose to more than one-week highs, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected. A…

Daily Morning Commentary Bulls’ resolve will be tested! Indian equity markets demonstrated resilience in the first trading week of 2025, minorly built on its gains of the last week by rising a percent. All three US indices closed on a positive note on Friday, with S&P 500 snapped its five-day losing streak. President-elect Trump's January 19 pre-in…

Daily Morning Commentary US Stocks Dip on Rising Yields, Strong Dollar, and Economic Slowdown All three major U.S. stocks ended their first session of new year in negative territory, though they managed to recover somewhat from their session lows. Wall Street faced multiple headwinds: Treasury yields climbed to seven-month highs, the dollar reached…

Daily Morning Commentary Indian markets likely to open lower on weak global cues, though recovery possible due to short covering. Most Asian markets are subdued in their first session of 2025. Major financial markets in the US and around the globe were closed for New Year celebrations on the 1st January. Back home, December month’s gross GST inflow…

2025 Dawns: A Fresh Chapter Begins Daily Morning Commentary Global Wrap 2024 was a massive year for global equity gains driven by a trifecta of the AI explosion, a slew of Fed interest rate cuts and a robust U.S. economy. The S&P 500 logged another year of double-digit gains of over 24% last year, logging its best two-year performance since 1998. L…

Morning Market Comments U.S. stocks ended sharply lower on Monday as some traders took profits before the end of the year, Wall Street closed in negative territory on Monday in light volume at the top of a holiday-shortened week in the second-to-last trading session of an eventful year in which all three indexes posted strong double-digit gains. Gl…

Morning Market Comments U.S. stocks ended lower on Friday amid concerns around Donald Trump’s potential trade policy and the interest rate expectations next year. A selloff in the world’s largest technology companies hit stocks in the final stretch of a stellar year. A gauge of the “Magnificent Seven” sank 2%, led by losses in Tesla Inc. and Nvidia…

Morning Market Comments U.S. stocks ended mixed Thursday, after the "Santa Claus rally" period kicked off on Tuesday. Stocks wavered in a quiet post-holiday session as mixed jobless claims data did little to alter bets on the Federal Reserve outlook. Recurring applications for US unemployment benefits rose to the highest in more than three years, a…

Morning Market Comments U.S. stocks finished higher on Tuesday to kick off the so-called Santa Claus rally period in a holiday-shortened session for Christmas Eve. Wall Street's main indexes all closed higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a truncated Christmas Eve session. U.S. Treasury interest rates …

U.S. stocks ended higher on Monday, with tech stocks leading the gains, boosting investors' hopes for a year-end "Santa Claus rally." A rally in some of the world’s largest technology companies prompted a rebound in stocks, following a brief slide fueled by weaker-than-expected data on US consumer confidence. Oberoi Realty inks development pact for…

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 ear…

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.…

Immediate support lies around 23,500, where significant put writing has been observed. A close below this level could trigger further unwinding or short build-up, potentially dragging the Nifty toward the 23,200–23,300 range. Overall, the Nifty remains in a consolidation range between 23,200 and 24,000, with a breakout on either side likely to dete…

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…

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 d…

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 …

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%…

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 …

Morning Market Comments U.S. stocks finished lower on Tuesday, with the Dow Jones Industrial Average posting its longest losing streak since February 1978 (falling nine straight days), as investors digested the strong retail-sales data and awaited the Federal Reserve's policy decision, due out on Wednesday afternoon. ITC Ltd has fixed January 1, 20…

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 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% touchi…

Morning Market Comments US stocks broadly ended Monday’s session higher with tech stocks leading the gains as traders geared up for interest-rate decisions by major central banks across the globe due later this week including the Federal Reserve's policy meeting that concludes on Wednesday. India's merchandise trade deficit widened to a record-high…

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 …

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 fo…

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% …

Morning Market Comments U.S. stocks closed mixed Friday, For the week, the Dow posted a 1.8% decline, while the S&P 500 slid about 0.6% and ended a three-week winning streak. This year’s frontrunners, big technology stocks, set a record while Treasuries sank as investors braced for a slowdown in the pace of the Federal Reserve’s interest-rate cuts …

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%…

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 deb…

Morning Market Comments US stocks fell Thursday, weighed down by a hotter-than-expected U.S. inflation report, as tech shares failed to keep the momentum seen earlier in the week. Wall Street held off on big bets ahead of the Federal Reserve’s policy meeting next week. The European Central Bank trimmed borrowing costs by 25 basis points as expected…

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%. …

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 an…

U.S. stocks finished mostly higher on Wednesday, following the release of as-expected CPI inflation data for November. Investors’ enthusiasm for US technology giants sent stocks higher Wednesday. Natural-gas futures posted a sharp climb on Wednesday after forecasts for another "cold blast" on the East Coast. Gold prices rallied Wednesday after U.S.…