September 5, 2024

closing bell

Closing Bell 5th September: NextDC jumps despite no updates. XJO slightly higher as markets wait for payrolls

The ASX 200 is up 0.3% at midday, reaching 7976 points, despite a drag from energy giant Woodside. This follows the worst session in over a month on Wednesday, driven by weak US manufacturing data. Technology, real estate, and banking stocks are leading gains, helping offset Woodside’s 6.2% drop to $25.35 after a Citi downgrade to “sell” and lower oil prices, compounded by ex-dividend trading.

Jonathan Tacadena September 5, 2024

morning report

Pre-Market Pulse 5th September – “Buy the dip” playbook gets thrown our as economy deteriorates

The “buy the dip” playbook was nowhere to be seen overnight as Nvidia’s rebound faded, as the increasing weight of leading recession indicators continued to stack up

Mark Gardner September 5, 2024

Closing Bell 5th September: NextDC jumps despite no updates. XJO slightly higher as markets wait for payrolls

Pre-Market Pulse 5th September – “Buy the dip” playbook gets thrown our as economy deteriorates

Recent Post

Closing Bell 19th September: Sims Metals rallies after trading update. ASX rallies to records after FED cuts rates overnight

Pre-Market Pulse 19th September – Hawkish Fed drops a 50bps rate cut bomb on the market

Closing Bell 18th September: Chalice mining jumps as mine gets strategic approval. ASX quiet as traders wait for FED

Pre-Market Pulse 18th September – Markets brace for Fed’s rate decision

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