Market Updates

The ASX 200 fell 39 points to 8586 (0.5%) after the RBA kept rates on hold as forecast. The index was down a similar amount before the 2.30pm announcement. Banks drifted lower, CBA down 0.6% and WBC off 0.6% with insurers staging a modest recovery, QBE up 1.2% and MPL rising 2.7%. MQG dropped another 0.9% with PNI falling 1.1%. REITs mixed, GMG down % with the rest of the sector better. Healthcare eased, CSL down 2.0% and RMD falli...

US stocks were down overnight as the market keeps sweating the Fed meeting coming up. All sectors in the red. SP500 down 0.35% and Nasdaq off 0.14%. Bond yields also kept pressing higher. There’s still been plenty of action. The major report is that Nvidia will be allowed to sell its H200 chips to China, sending the stock up 1.7%.

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The ASX 200 slipped 10 points in quiet trade to 8624 (0.1%). Banks eased slightly with ANZ and NAB down around 0.7%. The Big Bank Basket up to $269.33 (0.3%). Other financials and insurers were firm, QBE up 1.1% and ZIP doing well, up 5.7%. Industrials wafted around, retailers fell with JBH and WES showing modest losses. REITs were slightly better, led by GMG and TLS had a good day as did REA. Technology stocks were mixed, WTC up 0...

Wall St ground higher Friday ‘Expectations for Fed rate cuts’ was the excuse for last week’s market rally and that same narrative supported a more modest rise in the three major indices this week. S&P 500 up 0.3% vs the ASX 200 up 0.2%. Nasdaq up 0.9% and the Dow up 239 points. S&P 500 up 0.2% overnight after PCE inflation and consumer spending prints from September both met expectations. Light volume. Nasdaq up 0.3%. Dow u...

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• US markets mixed: S&P 500 and Nasdaq finished narrowly higher for the week, with small caps outperforming; leadership came from AI enablers, banks, brokers, machinery and select retail, while consumer defensives and cyclicals lagged.
• Rates, FX & commodities: US Treasury yields rose 3–5bp with the curve flattening; the US dollar strengthened, gold gained 0.3%, Bitcoin fell 1.1%, and WTI crude rose 1.2%.
• Market tone: Tradin...

The ASX 200 meandered around waiting for the Test to start. At the close, the index was up 23 points to 8618 (0.3%) in a narrow trading range. Banks found some buyers with the Big Bank Basket rallying to $266.71 (0.8%) as ANZ continued higher, up 1.7%. Financials generally were on hold, REITs slid with GMG down 2.7% as higher bond yields took their toll after household spending showed renewed strength. Industrials too were wishy wa...

US stocks were up modestly overnight, with the Nasdaq up 0.17% and the SP500 0.30%. The Dow was up 408 points. Private sector data showed that payrolls declined in November. Government numbers won’t be available until after the Fed meeting. It was enough to support stocks for the day, plus some helpful inflation data. There wasn’t much action in big tech, but the broader chip makers had a strong day and the small cap index the Russ...

The ASX 200 rose just 16 points to 8595 (0.2%) after slightly disappointing GDP numbers boosted hopes for steady rates at least. Banks were stable, ANZ up % with the Big Bank Basket up to $264.60 (0.3%) with MQG bouncing back 1.0%. Other financials were quiet, REITs rallied on the GDP despite yields rising to 4.64%. Industrials eased back, BXB down 1.1%, healthcare slipped, SIG down 1.4% and retails drifted lower, APE down 0.4% and...

US stocks rose on Tuesday, boosted by gains in bitcoin and technology names, as traders recovered some of the ground lost in the previous session. The Dow Jones Industrial Average gained 185.13 points, or 0.39%, to end the day at 47,474.46. The S&P 500 climbed 0.25% to settle at 6,829.37, while the Nasdaq Composite advanced 0.59% to finish at 23,413.67.

Bitcoin rose around 7% Tuesday, recouping some of its losses from the prior ...

The ASX 200 pushed 15 points higher to 8580 (0.2%) in another quiet directionless day of trade. Banks were steady with the Big Bank Basket at $263.74 (0.3%), MQG fell 1.2% as the German Cum Div case ramps up. Other financials were mixed with ZIP down 10.6% on some US states querying BNPL fees. REITs rose led by GMG up 0.3% and SCG up 2.2% with industrials mixed, TLS up 0.8% and WOW and COL better. CPU bounced 2.7% with tech stocks ...

Wall Street drifted lower overnight as the recent recovery rally took a pause. The SP500 was down 0.53% and the Nasdaq 0.38%. That was at least slightly better than the futures trading suggested before the regular day session began.

The big action was in bitcoin, which dropped 6.4% for its sharpest daily decline since March, according to The Wall Street Journal. BTC is generally considered a great barometer of risk sentiment, so the...

The ASX 200 dropped 49 points to 8565 (0.6%) after a promising start. US futures in the negative hurt sentiment, together with Japanese losses on higher rates coming. Losses pretty much across the board, CSL fell 1.4% on vaccine concerns, the banks wilted with the Big Bank Basket down to $262.95 (0.7%). ANZ falling 1.3% and financials under pressure, HUB down 4.5% and NWL falling 4.0%. MQG dipped 0.4%. REITS slid with SGP down 2.3%...

Wall St had a good short session overnight on thin volume. Path of least resistance in the short-term higher amid a lack of major news. S&P 500 up 0.54%, closing on the high. Nasdaq up 0.65%. Dow up 289 points. Another broad rally, all sectors higher save for Health Care. Energy best despite WTI falling 0.4%. Rubio not planning to attend a NATO foreign ministers meeting regarding the Ukraine/Russia peace deal. A surprise move w...

The ASX 200 drifted lower today in listless trade finishing down 3 to 8614. Up 2.4% this week. Banks eased back with the Big Bank Basket down to $264.84 (-1.1%) as CBA dropped 1.3% and ANZ down 1.4%. SUN continued lower on storm damage. Other financials rose with NWL up 0.7% and GQG rising 2.0%. Industrials mostly better, WES up 0.6% with WOW up 3.2% as tech did well today. WTC rallied another 4.7%, though XRO down 0.7%. The All-Te...

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Want to invest with Marcus Today? Our MT20 portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.

If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.
 
 Why not sign up for a free trial? Gain access to expert in...

US stocks rose overnight, with the SP500 up 0.69% and Nasdaq 0.85%. It was on light volume, with under 15 billion shares traded against the usual 20bn. The markets are closed tomorrow for the Thanksgiving holiday. The VIX fell back further, now under 20. It was a solid session for chip stocks, with Nvidia stabilising 1.3% and even stronger gains in Broadcom, Intel and Advanced Micro Devices. The other big tech stocks were middling,...

The ASX 200 gave up its strong start to close up 70 points to 8607 as the higher-than-expected CPI number took the top off things. It was a monthly number, so can be more volatile, but 3.8% was above RBA and economist’s expectations. Banks were mixed with CBA steady as NAB and WBC dipped down. The Big Bank Basket rose to $266.89 (+0.1%). MQG had a good day, up 2.8% and wealth managers also pushed ahead, HUB up 1.9% and NWL up 1.3%....