November is underway, with the US Presidential election (circus) just a few days away. As we start the weekend, markets are factoring in a Trump victory, but more “surprises" wouldn’t surprise.
October wrapped up in the red today, and it was a month of very mixed fortunes from a stock and sector perspective, though the index itself only tracked mildly lower, giving back ~20% of the stellar returns chalked up in September.
A soft session locally with sellers kicking into gear post a more benign inflation print at 11.30am, though there were some hotter pockets to it, and higher bonds and lower stock prices show how it was interpreted by the market, even though headline CPI at 2.8% came back into the RBA’s target band for the first time in 3-years.
A solid session today for the market, though once again the action is happening under the hood rather than at the index level with a bunch of sales/quarterly updates, an interesting deal in the retail space and a response with more substance from MinRes (MIN) about prevailing issues with their MD.
A choppy session with some big moves in individual stocks though the index finished only mildly higher. Uranium shares were hit, as were gold stocks while lithium names found a few friends.
A similar trend to yesterday with the best of the session seen early before consistent selling played out through the afternoon session, the index closing on its lows and down ~0.9% for the week.
A good ~40pt rally from the early lows saw the index higher by mid-afternoon, though the trend changed, sellers came in, and it was one way traffic into the close on another day dominated by AGM’s and trading updates with more misses than hits.
A quiet day across the board with stocks closing mildly higher after a decent pullback yesterday. WiseTech (WTC) and MinRes (MIN) continue to attract the headlines while a raft of AGM’s & quarterlies kept us busy. Gold stocks in focus here with generally solid operational updates supported by a gold price at record highs.
A tough day at the office with the ASX opening down and building on the losses throughout the session. Bond yields ticked up in the US overnight and the theme continued in our market today with the Aussie 3-year yield up 11bps as rate cuts progressively get priced out of the market - the rate-sensitive stocks feeling the most heat today, though all 11 sectors finished in the red.
Rocks and diamonds for the market today, with the index pushing higher throughout the session on broad based gains, though a few big (downside) moves from some high-profile stocks captured most of the headlines, with Billionaires Chris Ellison (MIN) and Richard White (WTC) in the media crosshairs while Nick Scali (NCK) gave a softer trading update and fell.
October wrapped up in the red today, and it was a month of very mixed fortunes from a stock and sector perspective, though the index itself only tracked mildly lower, giving back ~20% of the stellar returns chalked up in September.
A soft session locally with sellers kicking into gear post a more benign inflation print at 11.30am, though there were some hotter pockets to it, and higher bonds and lower stock prices show how it was interpreted by the market, even though headline CPI at 2.8% came back into the RBA’s target band for the first time in 3-years.
A solid session today for the market, though once again the action is happening under the hood rather than at the index level with a bunch of sales/quarterly updates, an interesting deal in the retail space and a response with more substance from MinRes (MIN) about prevailing issues with their MD.
A choppy session with some big moves in individual stocks though the index finished only mildly higher. Uranium shares were hit, as were gold stocks while lithium names found a few friends.
A similar trend to yesterday with the best of the session seen early before consistent selling played out through the afternoon session, the index closing on its lows and down ~0.9% for the week.
A good ~40pt rally from the early lows saw the index higher by mid-afternoon, though the trend changed, sellers came in, and it was one way traffic into the close on another day dominated by AGM’s and trading updates with more misses than hits.
A quiet day across the board with stocks closing mildly higher after a decent pullback yesterday. WiseTech (WTC) and MinRes (MIN) continue to attract the headlines while a raft of AGM’s & quarterlies kept us busy. Gold stocks in focus here with generally solid operational updates supported by a gold price at record highs.
A tough day at the office with the ASX opening down and building on the losses throughout the session. Bond yields ticked up in the US overnight and the theme continued in our market today with the Aussie 3-year yield up 11bps as rate cuts progressively get priced out of the market - the rate-sensitive stocks feeling the most heat today, though all 11 sectors finished in the red.
Rocks and diamonds for the market today, with the index pushing higher throughout the session on broad based gains, though a few big (downside) moves from some high-profile stocks captured most of the headlines, with Billionaires Chris Ellison (MIN) and Richard White (WTC) in the media crosshairs while Nick Scali (NCK) gave a softer trading update and fell.
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