Friday 10th May, Dow up +331pts, SPI up +23pts

10/05/2024

Friday 10th May, Dow up +331pts, SPI up +23pts

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Latest Reports

Afternoon report 30/04/2025

The Match Out: ASX shrugs off hotter inflation data, charges through 8,100

The ASX opened stronger following robust trading overnight as US investors shrugged off weak economic data and continued a rotation into risk on stocks as SP 500 companies impress on quarterly earnings. Key data releases locally mid-morning threatened to shake investor confidence — weaker Chinese manufacturing figures and a hotter-than-expected domestic CPI print.

Morning report 30/04/2025

Portfolio Positioning: The ASX200 makes 9-week highs, and people are still bearish

The ASX200 rallied strongly throughout Tuesday, hardly taking a backwards step all day to close up +0.9% on broad-based buying that saw almost 90% of the main board close higher. Local stocks are benefiting from some overseas money finding its way into the ASX, which has outperformed the US in 2025, although a few months doesn’t make a year.