Closing Bell 31th August: Harvey Norman Bucks the Trend with a Share Boost Amidst Profit Slump
ASX rises with July’s cooling inflation, US Treasury yields dip due to job metrics, while Bitcoin surges after a favorable US court ETF ruling.
August 2023
Pre-Market Pulse 31st August – Equities higher on Apple optimism and softer economic data
Equities ground higher for a fourth-straight day as signs of a slowing U.S. economy bolstered bets on a Federal Reserve pause next month.
Closing Bell 30th August: ASX Rises Amidst July’s Cooling Inflation, Australian Dollar Takes a Dip
ASX rises with July’s cooling inflation, US Treasury yields dip due to job metrics, while Bitcoin surges after a favorable US court ETF ruling.
Pre-Market Pulse 30th August – Weaker economic data eases fears of more rate hikes
Equities ended higher overnight as Treasury yields slipped after weaker economic data stoked optimism that the Federal Reserve will likely skip rate hikes in September.
Closing Bell 29th August: Barley Back in Business, Australia Resumes Exports to China Post-Tariff Era
China’s stock rebound from reduced stamp duty was short-lived due to real estate concerns. European gas prices surged after Chevron’s strike announcement, while Australia resumes barley exports to China after tariff removal.
Pre-Market Pulse 29th August – Markets drift in quiet trade ahead of key data late in the week
Equities ended higher Monday, underpinned by a 3M-led surge in industrials ahead of a flurry of data this week that will play into the Federal Reserve’s policy decision next month.
Closing Bell 28th August: China’s Stock Surge, Evergrande’s Plunge, and Australian Retail Sales Beat
Today’s economic landscape is marked by China’s stock market revival, Evergrande’s dramatic fall, and an unexpected rise in Australian retail sales, signaling dynamic global shifts.
Pre-Market Pulse 28th August – Hawkish Fed doesn’t rule out further rate hikes
Equities finished mixed as Fed Chief, Jerome Powell was hawkish in his Jackson Hole speech Friday,
Closing Bell 25th August: Mixed Fortunes on ASX Wesfarmers Rises, Tech and Mining Giants Stumble
ASX dipped 1.2% following Wall Street, with tech stocks hardest hit. Wesfarmers thrived, Pilbara Minerals dropped, and major banks and miners faced declines.
Weekend Edition: 25th August 2023
Amidst global market fluctuations, the ASX showcased resilience with standout performances from Cochlear and CSL, while economic data hinted at Australia’s evolving financial landscape.
AU Earning Calendar: 28th August – 1st September
Anticipating next week’s ASX company earnings release. Key insights, market reactions, and expert analysis. Stay informed on the latest financial updates and trends.
Pre-Market Pulse 25th August – AI shine not enough to outweigh nerves of Hawkish Fed
Equities ignored yesterday’s post-market move higher on better-than-expected Nvidia results and sold from the open as investors remain wary of making bullish bets a day ahead of Jackson Hole