Pre-Market Pulse 5th November – Markets drift into election and central bank decisions
Equities drifted lower overnight as investors opted for caution ahead of the presidential election and the Federal Reserve’s two meeting.
November 2024
Closing Bell 4th November: MinRes drops as Chris Ellison to step down. ASX higher as markets wait for US Election
The Australian sharemarket saw early afternoon gains, following a positive Wall Street lead, with the S&P/ASX 200 rising 0.6% (47.7 points) to 8166.5 after a 1.1% decline last week—its worst since August. Tech and utilities led sector gains, while mining and energy fell amid a volatile outlook as investors prepared for US elections, corporate earnings, and central bank meetings.
Pre-Market Pulse 4th November – Amazon helps equities shrug off weaker jobs data to end higher
Stocks ended higher on Friday, rebounding from the previous day’s sell-off as Amazon’s strong earnings countered a significant drop in U.S. job growth in October.
Bulls vs. Bears EP42: NASDAQ Slides as Mag7 goes on Sale
A wrap of the week in markets from the boys at MPC Markets.
We cover stocks, politics, opportunities on the ASX and geopolitics
Closing Bell 1st November: Macquarie drops as profits don’t meet expectations. XJO weak as markets wait for payrolls
Australian shares fell to a seven-week low on Friday, with the S&P/ASX 200 down 0.9% or 75 points to 8085 by early afternoon, after declines earlier this week. Financials led the downturn as Macquarie Group dropped 4.3%, hitting a one-month low due to disappointing first-half FY25 profits and a dividend cut. The big four banks all declined over 1%, with National Australia Bank down 2.2%.
Alpha Recommendation: Buy Short NASDAQ ETF (SNAS)
Global X Ultra Short Nasdaq 100 Hedge Fund (SNAS) is an exchange traded managed fund that aims to provide investors with geared returns that are negatively related to the returns of the Nasdaq-100 Index by investing primarily in a portfolio of short E-mini Nasdaq-100 Futures contracts listed on the Chicago Mercantile Exchange.
Pre-Market Pulse 1st November – MAG7 earnings beat, but share prices retreat
Stocks closed sharply lower Thursday as Meta and Microsoft fueled a rout in tech, while hotter inflation muddied the path for deeper Federal Reserve rate cuts.