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Pre-Market Pulse 10th July – Stocks grind higher as Powell flags signs the economy is softening
Stocks eked out another tiny gain to secure another record close for the fifth-straight session as testimony from Federal Reserve Chair Jerome Powell didn’t sway investors from bets on a first rate cut in September.
Pre-Market Pulse 9th July – Markets lost for direction into Inflation data & Powell testimony
Markets lacked direction as investors showed a cautious sentiment ahead of testimony by Federal Reserve Chair Jerome Powell to Congress and key inflation data this week.
Balanced Portfolio Recommendation: TRIM 2% (Take Profit +11%) Stanmore Resources (SMR)
Given the recent rally in Stanmore Resources Limited’s stock price, driven by the fire at Anglo American’s Grosvenor mine which significantly reduced global seaborne coking coal supply, we recommend taking profit on half of our position.
Pre-Market Pulse 8th July – Previous months job numbers mysteriously disappear
Equities closed at record highs Friday on bets that Federal Reserve rate cuts may soon be on the horizon after 100,000 jobs “disappeared” from April and Mays jobs numbers.
Market Calendar 8th July – 12th July 2024
Anticipating next week’s economic figures. Stay informed on the latest financial updates and trends.
Bulls vs. Bears: US Summer & 4th July make for quiet week
Global markets were very quiet this week as the US celebrated independence day, the UK went to the polls, and the ASX saw some inter-sector shifts with the new FY
Pre-Market Pulse 5th July – US closed for 4th July Holiday, Key jobs data in focus
In short, nothing happened overnight. Equity futures were mixed with the DOW +0.7%, S&P500 -0.09% and the Nasdaq -0.21%
Pre-Market Pulse 4th July – Another day, another record close despite economy weakening
Equities notched another record close overnight, in a holiday-shortened session as a slew of weaker economic data boosted hopes for sooner rate cuts, a day ahead of the 4th of July holiday.
Pre-Market Pulse 3rd July – S&P500 hits record as Powell says there is progress on inflation
The S&P500 hit a record high overnight, underpinned by a surge in Tesla and optimism over rate cuts after Federal Reserve Chair Jerome Powell cheered recent progress on inflation.
Pre-Market Pulse 2nd July – Tech buoys equities as investors wait on Powell and Payrolls
Stocks edged higher overnight, buoyed by tech as stocks kicked off the second half of the year on the front foot ahead of Powell speaking in Europe and crucial monthly jobs report due later this week.
Pre-Market Pulse 1st July – Stocks drift lower as investors digest inflation data, presidential debate
Stocks drifted lower on Friday after an early rally fizzled as investors digested in-line inflation data and weighed political uncertainty after the U.S. presidential debate.