Closing Bell 3nd August – Miners weigh down market as Iron ore drops
Investors appear to be giving up hope on promises of Chinese stimulus
Investors appear to be giving up hope on promises of Chinese stimulus
The endless optimism of the last few months is being questioned as profit taking emerges, is the party over?
The RBA left rates unchanged today at 4.10% while confusingly flagging risks for higher rates.
The market was full of hope today, hopes of China stimulus, hopes of the end of the rate cycle and hopes of a soft landing. Will hope win or will reality start to kick in?
Investors predicting hiking cycles are “done” had a rude shock today as Japan widened its Yield Curve Control, sending long term rates higher
the fight against inflation is (apparently) over. The ASX200 hit 5-month highs as optimism that central banks are finished with hiking cycles
ASX experiences a mixed day as energy stocks rise, contrasting losses in the materials sector, amid dynamic brokerage activity and notable company value adjustments.
ASX flatlines as investors balance China’s stimulus against tech downturn, with TSMC’s bleak outlook exacerbating concerns amidst muted miner growth and emerging bank profit-taking.
Australian job numbers surge, while hopes for Chinese stimulus dwindle as rates remain unchanged. US tech giants, Netflix and Tesla, disappoint with earnings slips.
Explore market drivers including US Bank Earnings, China’s economic outlook, and upcoming US earnings’ impacts on ASX, and future projections for Northern Star Resources.
Markets grapple with Chinese economic concerns and corporate earnings, amidst reflections on the RBA’s previous decision to hold the cash rate amidst rising inflation.
Exploring the unexpected market recovery: Key sectors outpace a sluggish economy, bolstered by policy speculation and strategic guidance upgrades.