The ASX200 rallied strongly on Wednesday, spurred on by a softer-than-expected inflation print at 11.30 a.m, the market-friendly read led to broad-based gains. The rate-sensitive Utilities and Real Estate sectors enjoyed strong moves, ably supported by a bounce by tech names following Tuesday's DeepSeek-inspired panic sell-off.
The ASX200 slipped -0.1% on Tuesday, a solid performance considering the market turmoil created by DeepSeek's dramatic emergence. The new Chinese AI player has challenged many people's belief that the “Magnificent Seven” would dominate AI for years to come.
DeepSeek, a Chinese AI startup, has launched breakthrough AI models that offer comparable performance to the world's best chatbots at a fraction of the cost. The Hangzhou-based company, which was only launched in 2023, created a free, open-source large-language model in late December, claiming it was developed in just two months at the cost of under $6 million.
The ASX200 ended the penultimate week of January up +1.2%; the market took its lead from US indices, with the tech and financial sectors both advancing over 3% while the energy and materials stocks surrendered some of their earlier monthly gains. Overall excitement toward Trump’s pro-business policies largely pushed risk assets higher this week as investors focused on his inauguration.
The ASX200 fell 0.6% on Thursday as the influence of miners rather than tech weighed on the local bourse. The local market slipped for the first time since Donald Trump's inauguration amid fears of what the US president's promised tariffs might do for trade with China. Investors remain scared of Trump's tariffs towards China, and despite a mention of a 10% cent tariff (only), it was enough to see buyers retreat on mass.
The ASX200 closed up +0.3% on Wednesday, extending January’s gain to +3.6%. Again, the market surrendered ~50% of its mid-morning rally, but a close less than 1% below its all-time high is encouraging for the bulls.
The ASX200 closed up +0.66% on Tuesday, but it was intra-day action that told the real story of Donald Trump's first day of his second term as President of the US. Local stocks surged over 100 points into a late-morning high - “risk-on” played out across the bourse as the index surged toward striking distance of its all-time high.
The ASX200 rallied +0.45% on Monday, extending January's gain to +2.3%. Real estate and energy stocks have boosted the index, with both sectors already up over +5% in 2025. In the morning, iron ore goliaths, BHP and RIO contributed over 10 points to the market's gain, or more than 25%, as the miners slowly gather momentum, although most remain well below where they commenced 2024.
Donald Trump will become President of the United States tomorrow morning (our time), and as we know, since his victory in November, equities have embraced his return to the Whitehouse. This has pushed valuations higher as momentum moves dominated 2024 with many major stocks trading well above their average P/E’s of recent years, with the banks receiving significant coverage in the press.
Usual Market Matters reports will recommence on Monday the 20th January, however, a big move on Friday night in the U.S and a SPI Futures pricing a decline of 71 points / 0.86% this morning suggest an update is warranted. Markets begin 2025 with great expectations as anticipation of US tax cuts and pro-business deregulation, a continued economic soft landing, ongoing rate cuts in the US and the start of a cutting cycle in Australia.
The ASX200 slipped -0.1% on Tuesday, a solid performance considering the market turmoil created by DeepSeek's dramatic emergence. The new Chinese AI player has challenged many people's belief that the “Magnificent Seven” would dominate AI for years to come.
DeepSeek, a Chinese AI startup, has launched breakthrough AI models that offer comparable performance to the world's best chatbots at a fraction of the cost. The Hangzhou-based company, which was only launched in 2023, created a free, open-source large-language model in late December, claiming it was developed in just two months at the cost of under $6 million.
The ASX200 ended the penultimate week of January up +1.2%; the market took its lead from US indices, with the tech and financial sectors both advancing over 3% while the energy and materials stocks surrendered some of their earlier monthly gains. Overall excitement toward Trump’s pro-business policies largely pushed risk assets higher this week as investors focused on his inauguration.
The ASX200 fell 0.6% on Thursday as the influence of miners rather than tech weighed on the local bourse. The local market slipped for the first time since Donald Trump's inauguration amid fears of what the US president's promised tariffs might do for trade with China. Investors remain scared of Trump's tariffs towards China, and despite a mention of a 10% cent tariff (only), it was enough to see buyers retreat on mass.
The ASX200 closed up +0.3% on Wednesday, extending January’s gain to +3.6%. Again, the market surrendered ~50% of its mid-morning rally, but a close less than 1% below its all-time high is encouraging for the bulls.
The ASX200 closed up +0.66% on Tuesday, but it was intra-day action that told the real story of Donald Trump's first day of his second term as President of the US. Local stocks surged over 100 points into a late-morning high - “risk-on” played out across the bourse as the index surged toward striking distance of its all-time high.
The ASX200 rallied +0.45% on Monday, extending January's gain to +2.3%. Real estate and energy stocks have boosted the index, with both sectors already up over +5% in 2025. In the morning, iron ore goliaths, BHP and RIO contributed over 10 points to the market's gain, or more than 25%, as the miners slowly gather momentum, although most remain well below where they commenced 2024.
Donald Trump will become President of the United States tomorrow morning (our time), and as we know, since his victory in November, equities have embraced his return to the Whitehouse. This has pushed valuations higher as momentum moves dominated 2024 with many major stocks trading well above their average P/E’s of recent years, with the banks receiving significant coverage in the press.
Usual Market Matters reports will recommence on Monday the 20th January, however, a big move on Friday night in the U.S and a SPI Futures pricing a decline of 71 points / 0.86% this morning suggest an update is warranted. Markets begin 2025 with great expectations as anticipation of US tax cuts and pro-business deregulation, a continued economic soft landing, ongoing rate cuts in the US and the start of a cutting cycle in Australia.
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