After a highly anticipated wait for the Fed rate announcement, stocks did very little overnight as Jerome Powel delivered 25bps and the FOMC signalled 2 more cuts this year.
The Australian sharemarket retreated on Wednesday, pressured by declines in mining, retail, and real estate sectors as investors positioned ahead of the US Federal Reserve’s policy announcement.
Stocks closed lower after hitting a fresh intraday record overnight as investors looked ahead to a widely expected Federal Reserve rate cut due tomorrow morning.
The Australian sharemarket ended higher on Tuesday, buoyed by strength in resources and record-setting gains on Wall Street. The S&P/ASX 200 rose 24.7 points, or 0.3 per cent, to close at 8877.7, with eight of 11 sectors in positive territory. The Australian dollar also hit a fresh 10-month high at US66.76¢.
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Stocks hit fresh record highs overnight, driven by a rally in Tesla and Nvidia ahead of a widely expected Federal Reserve rate-cut later this week. Uranium stocks sky-rocketed to fresh records on US policy announcements.
In a seismic shift for the energy sector, last night’s announcements from the U.S. Department of Energy (DOE) and international diplomacy have ignited a firestorm of optimism around nuclear power
The Australian sharemarket eased on Monday, with the S&P/ASX 200 falling 19.7 points, or 0.2 per cent, to 8845.2, extending last week’s steep decline. Investors largely shrugged off the US Federal Reserve’s widely expected rate cut, while healthcare and gold miners dragged the local bourse lower.
Stocks slipped Friday, weighed down by rising Treasury yields and fresh data showing consumers continue to worry about the economy.
In this episode, Mark and Jonathan discuss the recent fluctuations in the market, focusing on the significant payrolls revision and its implications. They highlight Oracle’s impressive performance and its impact on the market, while also addressing concerns about stagflation and economic indicators.
The Australian sharemarket climbed on Friday, buoyed by strength in financials and materials, following Wall Street’s record-setting session. The S&P/ASX 200 rose 0.7 per cent, or 60.4 points, to 8865.4 at 2:17pm, with 10 of 11 sectors trading higher.
Inflation numbers in line with expectation last night gives the Fed the green light to cut interest rates next week, pushing stocks to yet another record high
