Amazon crushed earnings on the back of AWS—but what does that mean for AI-led infrastructure and the rest of the MAG-7? In Episode 92, Jonathan and Kai dive into a mixed week for equities, Japan’s booming Nikkei, Australia’s CPI shock, the Fed’s “hawkish cut,” and a powerful move in uranium and gold. Plus: Kai’s thoughts on CSL after the sell-off and Jonathan’s Trade of the Week—Ballard Mining (BM1).
The ASX climbed on Friday afternoon, supported by gains in major banks and gold miners after bullion rebounded from a four-session slide. The S&P/ASX 200 rose 0.3% to 8914.9 at 2:12pm AEDT, with nine of 11 sectors advancing.
Equities were pressured by dip in tech following mixed earnings from tech just as investors weigh up a de-escalation in U.S.-China trade tensions following the Trump/Xi trade meeting. Meanwhile Amazon delivered bumper earnings beat after the close
The Australian sharemarket edged lower on Thursday, extending the previous session’s steep sell-off as investors reassessed interest rate expectations. The S&P/ASX 200 dipped 0.2% to 8905.06 by 2:04pm AEDT, with six of 11 sectors in the red. Sentiment remained fragile after Australia’s hotter-than-expected inflation print on Wednesday and a cautious Federal Reserve tone overnight, which cooled hopes of further rate cuts this year.
Equites were disappointed with a measured Federal reserve delivering a 25bps rate cut, while 3 mega-caps Microsoft, Google and Meta delivered earnings after the bell
The Australian sharemarket weakened on Wednesday after a stronger-than-expected inflation reading dented hopes of an imminent interest rate cut. The S&P/ASX 200 fell 0.9 per cent, or 81 points, to 8931.2 by mid-afternoon, with property, banks and healthcare weighing on the index.
Stocks hit another record high overnight, as rising optimism for a US/China trade deal and expectations for the Fed will deliver a rate cut continued to spur bullish sentiment.
The Australian sharemarket slipped on Tuesday, with the S&P/ASX 200 down 43.7 points, or 0.5 per cent, to 9011.9 by 2pm AEDT. Losses in technology and healthcare outweighed strength in the banking and retail sectors despite Wall Street’s overnight rally on optimism for a US-China trade deal.
Records everywhere overnight as investors optimism on everything from rate cuts to AI to Global trade had investors piling into the equity market
The Australian sharemarket advanced on Monday, buoyed by expectations of a U.S. Federal Reserve rate cut and optimism over renewed U.S.-China trade talks. The S&P/ASX 200 rose 39.4 points, or 0.4%, to 9058.4 by mid-afternoon, with 10 of 11 sectors higher, led by industrials, financials and technology.
Stocks headed higher on Friday as investors saw the 3% CPI number as the “all clear” for the Fed to cut rates. Progress in the US/Chinese trade deal will also increase optimism.
