Closing Bell 7th August – ASX drifts lower in quiet session
The ASX has a quiet day due to the Sydney bank holiday with volumes thinner than usual.
The ASX has a quiet day due to the Sydney bank holiday with volumes thinner than usual.
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.
Equities closed higher Monday to wrap up a fifth-straight positive month for July after shrugging off a dip in health care as energy stocks racked up gains.
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?
US equities rallied as US Core PCE, the Feds preferred inflation measure fell, sparking further optimism from investors of a “Goldilocks” soft landing
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
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.
The Timeless Dance of Gold, Silver, and Inflation In the grand ballroom of economics, the dance of gold, silver, and
Tech stocks surge, led by Google, amid strong quarterly results from PepsiCo and Delta. AI advances and cooling inflation fuel market optimism despite potential rate hikes.