The ASX 200 bounced +0.3% on Thursday, helped by a strong session for the miners and energy names. Some stability in the likes of gold and iron ore was enough to push the sector higher, with all but a handful of names posting solid gains. The top-200 surged almost 70-points in early trade, but handed back more than half those gains as momentum waned in the afternoon, led by a couple of negative surprises on the stock level:
The ASX 200 slipped 0.11% on Wednesday, with investors taking a more risk-off stance across most sectors and stocks. The materials sector weighed the heaviest on the day, ably supported by tech names, which followed in the footsteps of overseas weakness across the “AI Trade”.
The ASX200 fell away from the get-go on Tuesday, and was not helped by a relatively hawkish rate hold from the RBA at 2.30pm. However, not all blame should be placed at the door of Michele Bullock & Co., the market opened down and was already on the skids as the US futures fell away after valuation concerns sent Palantir Technologies Inc (PLTR US) lower, even after an impressive post-market report from the software and AI company.
The ASX 200 produced a strong recovery on Monday afternoon to close up +0.2%, more than 0.7% off its late morning low. Westpac (WBC) drove the banks and ASX higher as investors took an increasingly bullish view of its FY25 result, the longer the day progressed - more on the banks later. In typical 2025 fashion, moves on the stock and sector level were very polarised on the first trading day of November, with the financials adding more than +38 points to the main board while materials and healthcare names detracted over -28 points.
Wall Street ended October on a strong note, with AI enthusiasm, solid corporate earnings, and looser financial conditions propelling equities to a sixth straight month of gains, while credit markets marked their third consecutive advance.
The ASX 200 slipped 0.5% on the penultimate day of October, as strength across lithium, copper, and uranium names failed to offset another weak session for rate-sensitive sectors. Consumer discretionary (-4.2%) and real estate (-2.7%) led the declines, with notable heavyweights Wesfarmers (WES) -7.1% and JB Hi-Fi (JBH) -4.5% dragging the index lower.
The ASX200 finished 1% lower on Wednesday after a hot CPI print dashed hopes of an interest rate cut into Christmas - by the end of the day, futures markets were pricing in a 20% chance of some Christmas joy for mortgage holders and arguably more telling, only one cut at most by next Christmas! Michele Bullock has been warning markets to be conservative with their dovish forecasts, and it's her crystal ball that’s now looking the clearest.
The ASX200 struggled on Tuesday under the weight of four major stocks tumbling by more than 10%, dragging the index lower from both a points and sentiment perspective. A strong banking sector couldn't dig the bourse out of trouble, as health care and IT stocks were dragged underwater by sector giants CSL and WiseTech, each sinking more than 15%.
The ASX 200 advanced +0.4% on the last Monday of October, with winners and losers fairly evenly matched, but the influential banks and heavyweight resource stocks dragged the broader index higher. The combination of Friday's strong session on Wall Street following the soft CPI and optimism over a US-China trade deal lifted the local market and US futures, which were up +0.7% when the domestic day session ended.
Many economists have long warned that Trump’s tariffs would ignite a sharp rise in inflation, but that threat continues to be a dog that won’t bark. On Friday, another nail was driven into the hawks’ coffin as US inflation data came in softer than expected. Wall Street surged to new record highs, with the cooler print reinforcing market expectations that the Fed will deliver four to five rate cuts over the next year, starting with a 0.25% move this week.
The ASX 200 slipped 0.11% on Wednesday, with investors taking a more risk-off stance across most sectors and stocks. The materials sector weighed the heaviest on the day, ably supported by tech names, which followed in the footsteps of overseas weakness across the “AI Trade”.
The ASX200 fell away from the get-go on Tuesday, and was not helped by a relatively hawkish rate hold from the RBA at 2.30pm. However, not all blame should be placed at the door of Michele Bullock & Co., the market opened down and was already on the skids as the US futures fell away after valuation concerns sent Palantir Technologies Inc (PLTR US) lower, even after an impressive post-market report from the software and AI company.
The ASX 200 produced a strong recovery on Monday afternoon to close up +0.2%, more than 0.7% off its late morning low. Westpac (WBC) drove the banks and ASX higher as investors took an increasingly bullish view of its FY25 result, the longer the day progressed - more on the banks later. In typical 2025 fashion, moves on the stock and sector level were very polarised on the first trading day of November, with the financials adding more than +38 points to the main board while materials and healthcare names detracted over -28 points.
Wall Street ended October on a strong note, with AI enthusiasm, solid corporate earnings, and looser financial conditions propelling equities to a sixth straight month of gains, while credit markets marked their third consecutive advance.
The ASX 200 slipped 0.5% on the penultimate day of October, as strength across lithium, copper, and uranium names failed to offset another weak session for rate-sensitive sectors. Consumer discretionary (-4.2%) and real estate (-2.7%) led the declines, with notable heavyweights Wesfarmers (WES) -7.1% and JB Hi-Fi (JBH) -4.5% dragging the index lower.
The ASX200 finished 1% lower on Wednesday after a hot CPI print dashed hopes of an interest rate cut into Christmas - by the end of the day, futures markets were pricing in a 20% chance of some Christmas joy for mortgage holders and arguably more telling, only one cut at most by next Christmas! Michele Bullock has been warning markets to be conservative with their dovish forecasts, and it's her crystal ball that’s now looking the clearest.
The ASX200 struggled on Tuesday under the weight of four major stocks tumbling by more than 10%, dragging the index lower from both a points and sentiment perspective. A strong banking sector couldn't dig the bourse out of trouble, as health care and IT stocks were dragged underwater by sector giants CSL and WiseTech, each sinking more than 15%.
The ASX 200 advanced +0.4% on the last Monday of October, with winners and losers fairly evenly matched, but the influential banks and heavyweight resource stocks dragged the broader index higher. The combination of Friday's strong session on Wall Street following the soft CPI and optimism over a US-China trade deal lifted the local market and US futures, which were up +0.7% when the domestic day session ended.
Many economists have long warned that Trump’s tariffs would ignite a sharp rise in inflation, but that threat continues to be a dog that won’t bark. On Friday, another nail was driven into the hawks’ coffin as US inflation data came in softer than expected. Wall Street surged to new record highs, with the cooler print reinforcing market expectations that the Fed will deliver four to five rate cuts over the next year, starting with a 0.25% move this week.
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