Market Review Australian shares ended Friday on a positive note, with the$S&P/ASX 200 (.XJO.AU)$rising 0.5% or 40.6 points to 7,789.7, marking its first gain since Monday. Despite the late-week rally, primarily driven by strong performances in utilities and mining sectors, particularly iron ore and gold stocks, the benchmark index still recorded its third-largest weekly loss of the year,...
The RBA is set to release its February monetary policy decision on February 18. The market now sees a 90% chance of a 25 basis point rate cut, which would bring the cash rate down from 4.35% to 4.10%. If the RBA cuts rates in February, it would mark the first rate cut since the cash rate was raised to 4.35% in November 2023, and the first in over four years, signaling Australia's official entry into a rate-cutting cycle. RBA rate cu...
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US stocks and cryptocurrencies take a breather after hitting brand-new records the day prior The S&P 500$S&P 500 Index (.SPX.US)$shaved off 0.2%, the Nasdaq 100$NASDAQ 100 Index (.NDX.US)$fell 0.3%, and the Bitcoin price fell below $100,000 after reaching the milestone level for the first time. Investors are being a bit cautious ...
any time I look over the ASX20 all I think is "christ that's an uninspiring bunch of companies" a bunch of overpriced banks, a couple of ridiculously overpriced speciality companies, and BHP in a commodities downcycle, all of which are massively over-covered & reported on by every suit who works in Australian finance leading to little potential for any upside surprises puke the only one that ever gets me mildly interested is MQG (which has already run back up again), and BHP itself if you can ge...
Lonewolfcow
:
Couldn’t agree more. The only reason bank stocks are booming is because buy backs pressure. There are solid 4 or 5% divyield but it comes with risk. With mining slowing banks will be in pain also. Rate cuts up sleeve & they might do them soon to tank the Aussie $ so this can offset some pain with mining income
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Macquarie Group Ltd Stock Forum
Top losers: $Audinate Group Ltd (AD8.AU)$, $The a2 Milk Co Ltd (A2M.AU)$ and $ALS Ltd (ALQ.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ up 0.1% to 7,860.4. Wall Street's overnight gains initially boosted the Australian Stock Exchange, but Australian shares pared gains to close slightly higher on Tuesday aft...
Australian shares ended Friday on a positive note, with the $S&P/ASX 200 (.XJO.AU)$ rising 0.5% or 40.6 points to 7,789.7, marking its first gain since Monday. Despite the late-week rally, primarily driven by strong performances in utilities and mining sectors, particularly iron ore and gold stocks, the benchmark index still recorded its third-largest weekly loss of the year,...
If the RBA cuts rates in February, it would mark the first rate cut since the cash rate was raised to 4.35% in November 2023, and the first in over four years, signaling Australia's official entry into a rate-cutting cycle.
RBA rate cu...
• Top losers: $Macquarie Group Ltd (MQG.AU)$, $Orora Ltd (ORA.AU)$ and $Fisher & Paykel Healthcare Corp Ltd (FPH.AU)$
The $S&P/ASX 200 (.XJO.AU)$ recovered slightly, rising by 0.51% to close at 8,416.9 points. 8 of 11 sectors ended higher along with the S&P/ASX 200 Index.
The announcement of Beijing's retaliatory tariffs on ...
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The S&P 500 $S&P 500 Index (.SPX.US)$ shaved off 0.2%, the Nasdaq 100 $NASDAQ 100 Index (.NDX.US)$ fell 0.3%, and the Bitcoin price fell below $100,000 after reaching the milestone level for the first time. Investors are being a bit cautious ...
a bunch of overpriced banks, a couple of ridiculously overpriced speciality companies, and BHP in a commodities downcycle, all of which are massively over-covered & reported on by every suit who works in Australian finance leading to little potential for any upside surprises
puke
the only one that ever gets me mildly interested is MQG (which has already run back up again), and BHP itself if you can ge...
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