With earnings season out of the way in the US and Australia the focus for investors has once again moved on to economic data and commodity price action. Last week we saw Eurozone and US markets briefly make new record highs before closing off those highs on the back of a slightly hotter than expected US inflation report and messy US retail sales data that was below expectations. The$NYダウ(.DJI.US)$fell 0.02%, the$S&P 500 Index(.SPX.US)$lost 0.13...
G'day, mooers! Check out the latest news on today's stock market! • S&P 500 hits another record high • ASX edges up, gold miners rally • Stocks to watch: Genex Power, Evolution Mining, Fletcher Building Wall Street Summary The stock market Friday continued playing the hits: Nvidia reached new heights, and the S&P 500 notched its 15th record high of the year. It helped the index log its 16th weekly gain in the past 18 weeks. All three major index...
REA Group's CEO expects income-tax cuts and a halt in interest rate hikes to boost consumer confidence and property demand. He also foresees tax cuts increasing consumers' borrowing capacity, further supporting property demand.
Quick macro take, US CPI revision, RBA to hold The all-important US CPI revisions will be on watch on Feb 9 while US initial jobless claims will be released on Feb 8 (and are expected to rise). While in Australia, the RBA meets on Feb 6 with a hold at 4.35% widely expected. Here is what to expect and consider. In the US; we know the Fed Fund Futures are now pricing a Fed interest rate cut in May, inst...
Australian half-year earnings season gets underway in the first week of February 2024. Share prices have been on a tear in the second half of January but mostly it is has been on the back of positive news out of the US rather than investors getting in ahead of the results season. From an economic viewpoint the second half of 2023 saw inflation continuing to fall and the unemployment number remain between 3.6% and 3.9% - historically low numbers. ...
G'day, mooers! Check out the latest news on today's stock market! • Utilities stocks lead decline • ASX falls; News Corp dips 0.3% • Stocks to watch: News Corp, REA Group - Moomoo News AU Wall Street Summary The S&P 500's shot at its longest winning streak since 2004 appeared within grasp for much of Thursday's trading session. Then Federal Reserve Chair Jerome Powell and the Treasury market crashed the party. Major in...
G'day, mooers! Check out the latest news on today's stock market! • US yields surge to 17-year highs • ASX rises, buoyed by energy and healthcare stocks • Stocks to watch: Credit Corp, Southern Cross Media, Cettire - Moomoo News AU Wall Street Summary U.S. government bond yields hit fresh decade-plus highs Tuesday after another hot economic-data release fueled concerns that interest rates could remain elevated for longer. Stocks wavered between g...
G'day, mooers! Check out the latest news on today's stock market! • US stocks keep up summer rally ahead of inflation data • ASX flat; IGO jumps on special dividend • Stocks to watch: Chalice Mining, Healthius, IGO - Moomoo News AU Wall Street Summary Stocks rose for a fourth straight session, continuing a strong late-summer rally. The$S&P 500 Index(.SPX.US)$increased 0.4%. The tech-heavy$Nasdaq Composite Index(.IXIC.US)$gained 0.5% w...
G'day, mooers! Check out the latest news on today's stock market! • US stocks inch up after mild inflation data • ASX flat • Stocks to watch: News Corp, Newcrest, Allkem - Moomoo News AU Wall Street Summary U.S. stocks edged higher Thursday after fresh data showing cooling inflation boosted investor optimism about the likelihood of the Federal Reserve pausing its interest-rate increases. The$S&P 500 Index(.SPX.US)$gained less than 0.1%. Th...
rylar : Good breakfast.
Philip_AU :
Liam Mitchell :
EvanderAU :
Peterson111 : Any more inflation and I'd like to die.