The ASX200 slipped -0.3% on Monday, a solid performance considering the weakness on overseas bourses on Friday night. The defensive end of town supported the local index, with the consumer staples, utilities and healthcare sectors the only three to advance, while tech spent a rare day in the naughty corner, falling 1.4%.
The US jobs data released on Friday showed that the US labour market remains strong, increasing the odds that the Fed will remain patient on interest rate cuts. The more President Donald Trump threatens tariffs on the US’s trading partners, the more worry another inflation wave troubles global economists.
The ASX200 surged towards new highs on Thursday as the buyers drove any resistance into submission throughout a day of relentless buying, with the rate-sensitive financials, consumer discretionary and real estate names leading the gains.
The ASX200 bounced +0.5% on Wednesday and although it still finished well off its intra-day high it was an encouraging session for local stocks who shrugged off weak US futures, following Googles softer than hoped result.
The news out of the Whitehouse is crossing our screens at unprecedented speed, and traders are dancing accordingly. With Chinas 15% tariff having “Trumped” the US President’s 10% move, we have to think, what next. We’re sure Trump wont sit back and do nothing. Yesterday morning felt like Trumps “Art of the Deal” had brought global markets back from the brink of a Trade War but China will prove a far tougher adversary, as we’ve already seen by their retaliation as opposed to acquiescence. However, after two volatile nights of US trade, earnings season remains more important to markets, at least for now.
The ASX200 was hit hard on Monday as tariffs towards Canada, Mexico and China came into play. The U.S. previously enjoyed about $US1.6 trillion in business with the three countries leading investors to question the potential impact on economic growth and corporate profits.
Much of early last week was focused on Chinese AI startup DeepSeek which launched 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. According to market tracker App Figures data, the DeepSeek mobile app was downloaded 1.6 million times by Jan. 25th and ranked No. 1 in iPhone app stores in Australia, Canada, China, Singapore, the US, and the UK.
The ASX200 posted a new high on Thursday, albeit only by one point, before surrendering some of its early gains to finish up +0.55%, its highest close since December 3rd. Overall, this was a very encouraging result for the bulls as traders digested the Fed’s rhetoric suggesting a long pause on rates and earnings results from a trio of the "magnificent seven" tech giants.
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.
The US jobs data released on Friday showed that the US labour market remains strong, increasing the odds that the Fed will remain patient on interest rate cuts. The more President Donald Trump threatens tariffs on the US’s trading partners, the more worry another inflation wave troubles global economists.
The ASX200 surged towards new highs on Thursday as the buyers drove any resistance into submission throughout a day of relentless buying, with the rate-sensitive financials, consumer discretionary and real estate names leading the gains.
The ASX200 bounced +0.5% on Wednesday and although it still finished well off its intra-day high it was an encouraging session for local stocks who shrugged off weak US futures, following Googles softer than hoped result.
The news out of the Whitehouse is crossing our screens at unprecedented speed, and traders are dancing accordingly. With Chinas 15% tariff having “Trumped” the US President’s 10% move, we have to think, what next. We’re sure Trump wont sit back and do nothing. Yesterday morning felt like Trumps “Art of the Deal” had brought global markets back from the brink of a Trade War but China will prove a far tougher adversary, as we’ve already seen by their retaliation as opposed to acquiescence. However, after two volatile nights of US trade, earnings season remains more important to markets, at least for now.
The ASX200 was hit hard on Monday as tariffs towards Canada, Mexico and China came into play. The U.S. previously enjoyed about $US1.6 trillion in business with the three countries leading investors to question the potential impact on economic growth and corporate profits.
Much of early last week was focused on Chinese AI startup DeepSeek which launched 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. According to market tracker App Figures data, the DeepSeek mobile app was downloaded 1.6 million times by Jan. 25th and ranked No. 1 in iPhone app stores in Australia, Canada, China, Singapore, the US, and the UK.
The ASX200 posted a new high on Thursday, albeit only by one point, before surrendering some of its early gains to finish up +0.55%, its highest close since December 3rd. Overall, this was a very encouraging result for the bulls as traders digested the Fed’s rhetoric suggesting a long pause on rates and earnings results from a trio of the "magnificent seven" tech giants.
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.
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