Wall Street recorded modest gains session on cautious hopes of US-China trade deal. S&P 500 up 0.09%, NASDAQ up 0.31%. Dow dropped at open, recovered into positive territory but dropped to its starting level before the close. Down 1 point, middle of the range. Mixed sector performance. Cyclicals best performer, Amazon (+1.6%) and Tesla (+4.6%) boos…

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Opening Bell - Morning Commentary Global shares breathe a sigh of relief as Trump delays European Tariffs - Indian markets are poised to open positively. President Trump had initially planned to impose a 50% tariff on imports from the European Union, effective June 1, which had negatively impacted global markets. The reversal of this stance is now …

The ASX 200 drifted 23 points lower to 8516 (0.3%) ahead of the long weekend. Broad based losses with some of the stars yesterday giving back gains today. Lithium stocks dropped back, PLS dropped 5.2% and IGO down 3.5% with rare earth stock also falling back, LYC down 1.2% and ILU off 3.8%. Gold miners were slippy today, GMD off 3.4% and EVN down 2…

Wall Street recorded a negative session as news of talks between Trump and Xi Jinping were overshadowed by the escalating feud between Trump and Musk. Musk has criticised Trump’s “big, beautiful bill” for failing to slash enough government expenditure while Trump has threatened to cut many of Musk’s government contracts. S&P 500 down 0.53%, NASDAQ …

The ASX 200 tried hard to attack and sustain the all-time high but failed, dropping 3 points to 8539 (0.1%). Banks were flat as some profit taking crept in, CBA up 0.1% with the Big Bank Basket up to $282.74 (0.1%) insurers down slightly, QBE off 1.4% and financials finding sellers here. REITs mixed, GMG up 1.1% with GPT also firming. Industrials g…

Wall Street recorded a mixed, choppy session amid the release of weak economic data. The services sector contracted in May for the first time in almost a year while businesses paid higher input prices, demonstrating the effects of Trump’s trade policies, slower growth and higher inflation. S&P 500 flat, NASDAQ up 0.32%. Dow rose at open but gradual…

ASX 200 finished up 75 points at 8542 (0.9%) close but no cigar. CBA became the first $300bn market cap stock on the ASX. Not surprisingly a new record, the Big Bank Basket up another 1.3% to $282.44. WBC the best of the bunch, up 1.5% with MQG up 1.5% and GQG lifting 4.3%. REITs also firmed GMG up 0.7% on data centre demand. Retail stocks also in …

Wall Street up again amid trade deal optimism and rallying chipmaker stocks. Despite recent tensions, Trump and Xi Jinping are expected to talk this week. S&P 500 up 0.58%, NASDAQ up 0.81%. Dow fell at open but rose steadily throughout the day. Ended near high, up 214 points. Mainly positive sector performance. REITS and Staples showed a little wea…

ASX 200 up 53 points to 8647 (0.6%). A solid rally driven by bullion and banks. The Big Bank Basket rallied to $278.81 (+1.2%). CBA up another 1.3%, with ANZ doing well up 1.3%. MQG rose 0.9% and IFL up 2.7% on a broker upgrade, Insurers better, SUN was out and up 2.4% with IAG doing well, rising 2.9%. REITs rallied too, GMG up 1.1% and CHC rising …

Wall Street recorded a positive, choppy session despite a backdrop of rising trade tensions between the US and China and important economic data releases such as US employment data and an ECB rate decision where it’s expected to cut. S&P 500 up 0.41%, NASDAQ up 0.67%. Dow fell at open but found strength throughout the day to end up 35 points, near …

ASX 200 fell 21 points in quiet trade to 8415 (0.1%). Most sectors showing losses as nerves crept back in on Trump and Chinese negotiations. Banks slipped with WBC off 1.2% and the Big Bank Basket down to $275.32 (-0.1%). MQG fell 1.0% with insurers better, QBE up 1.3% and MPL rising 2.1%. REITs slid, GMD down 0.9% and VCX off 0.4%. Industrials wer…

Wall Street recorded a mixed session after recovering from midday lows as it weighed Trump’s critical comments of China which were also optimistic about a trade deal. S&P 500 flat, up 1.88% for the week. NASDAQ down 0.32%, up 2.01% for the week. Dow was flat until midday where it dropped but it recovered by the end of the session. Up 54 points, nea…

The ASX 200 had a late surge to finish the month with a gain today of 25 points to 8435. ASX records best month since January. Up 3.8%. Banks yet again showed the strength as CBA rose 0.9% with the Big Bank Basket up to $275.55 (1.1%). WBC surged 2.7% and NAB up 1.3% with some month end window dressing. Insurers slid slightly, QBE down 1.3% with RE…

Wall Street recorded a positive session following Nvidia’s strong after-market results Wednesday. Markets had a lot to digest as a US trade court challenged Trump’s ability to impose tariffs, a move later overruled for the time being by the appeals court. Biggest legal challenge to Trump yet and will escalate. S&P 500 up 0.40%, NASDAQ up 0.39%. Dow…

The ASX 200 limped to a 13-point rise at 8410 (0.2%) missing out on the US fun as the tariffs got knocked back and Nvidia ran on results. Banks were slightly better with NAB and WBC doing ok, CBA unchanged and the Big Bank Basket up to $272.57 (+0.4%). Financials were strong, MQG up 1.7% and XYZ rising 3.0%. REITs fell, GMG down 1.4% and SCG off 1.…

Wall Street recorded a negative session, dropping late on, as markets chewed on Fed meeting minutes from early May and awaited Nvidia earnings results after market close. Nvidia beat expectations although guidance was lower than expected due to anticipated lost revenue from China. Up over 4% in after hours trading, Wall Street will follow. S&P 500 …

The ASX 200 limped along to close down 11 points at 8397 as a Japanese bond auction underwhelmed, and CPI came in a little hotter than expected. Blame eggs. Banks went a little squishy, with CBA falling 0.9% and the Big Bank Basket down to $271.48 (-0.9%). Insurers also fell with QBE off 1.6%. Other financials were mixed, XYZ rose 4.9% on better US…

Wall Street recorded a strong session, the first since Trump extended his 50% tariff on the EU from June 1st to July 9th. US consumer confidence also broke a 5 month decline, improving on the back of tariff reprieves between the US and China. S&P 500 up 2.05%, NASDAQ up 2.47%. Dow rose steadily throughout session to end near high. Up 741 points. Al…

The ASX 200 finished up 47 points to 8408 (0.6%) ahead of US and UK reopening tonight. The banks led the market higher after a lacklustre session earlier, CBA up 0.8% and ANZ rising 1.4% with the Big Bank Basket up to $273.93 (+1.0%). MQG kicked 1.4% with other financials doing well too, NWL up 1.4% and CGF up 1.1%. REITs are flat, GMG is down 0.5%…

US markets were closed yesterday for Memorial Day. European stocks were up following first session since Trump’s tariff extension. ASX to rise. SPI futures up 20 points (+0.24%). TLS Investor Day - ALS placement - Iron ore at two week low Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to …

The ASX 200 finished unchanged at 8361, as US futures improved on the Latest Trump backflip. Gold and uranium are the stand-out sectors, with BOE up 7.3% and PDN rising 8.8%. NST and EVN are both doing well, and Cu pricing is helping, too. Iron ore missed, oil and gas flat, interest stirring in base metals, S32 up % and NIC up %. Banks drifted slig…

Global stocks fell Friday as Trump reignited trade war fears. S&P 500 down 0.67%. Nasdaq down 1%. Dow down 256 points. Indices opened at the low, rising for most the session. VIX up 10%. The main headline: ‘here we go again’. Trump threatened 50% tariffs on EU goods after Bessent said the current deals weren’t good enough. He had been quiet since r…

The ASX 200 limped 12 points higher to 8361 (+0.2%) ahead of a long weekend in the US. For the week, we are up 17 points. Banks once again firm, CBA up another 0.7% with the Big Bank Basket up to $271.95 (+0.6%). ANZ outperforming. Insurers rose slightly, and financial services better, with XYZ up 5.5% and GQG bouncing 2.4%. REITs were firm, GMG up…

The S&P 500 ended Thursday near flat, as investors grappled with fears of rising rates and worries about a ballooning U.S. deficit. The 30-year Treasury yield hit its highest since October 2023 as lawmakers passed a bill that investors fear could worsen the U.S. deficit. The Dow Jones Industrial Average slipped 1.35 points, closing at 41,859.09. Th…

ASX to fall. SPI futures down 82 points (-0.98%). Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you. If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operate…

The ASX 200 rallied another 44 points to 8387 (+0.5%). Off its highs but still looking ok. Once again, the banks led us up, CBA hitting a record high, up 1.5%, with the Big Bank Basket up to $273.04 (+1.2%). MQG is up 1.0% with insurers flat. 10-year yields at 4.48%. Other financials eased, and REITs drifted slightly higher. Industrials mixed, TLS …

Opening Bell - Morning Commentary U.S. Markets Retreat as Investors Reassess Recent Optimism U.S. equity markets closed modestly lower Tuesday during a session marked by minimal economic data releases. The pullback follows a robust rebound over the past month, prompting investors to question the sustainability of recent optimism fuelled by apparent…

Wall Street recorded a negative session as markets contemplated US fiscal concerns while Congress debated a bill for tax cut. Ended a streak of six consecutive gains for the S&P 500. S&P 500 down 0.39%, NASDAQ down 0.38%. Dow down 115 points. Dropped at open and maintained level for most of session. Ended mid range. Mostly negative sector performan…

ASX 200 rallies 48 points to 8343 (0.6%), regaining yesterday’s loss as the RBA cuts rates by 25bps, as expected. Banks better, led by NAB up 1% with the Big Bank Basket up to $269.90 (+0.7%). MQG rallied 2.0% with other financials better, too, ZIP up 3.1% and PNI up 1.7%. Insurers firmed, and REITS pushed higher as rates fell. 10-year yields fell …

Opening Bell - Morning Commentary Japan's PM Raises Alarm on Economic Challenges, Late U.S. Market Recovery to Boost Our Markets' Opening. US stocks recovered from steep early-session losses and closed slightly higher on Monday. Investors digested news that a major ratings agency had downgraded its U.S. federal government debt assessment. The major…

Wall Street recorded a flat session following Moody’s downgrade of the US’s credit rating after market close on Friday. US indices dropped at open but recovered by the end of session. S&P 500 up 0.09%, NASDAQ up 0.02%. Dow up 137 points. Ended near high. Mostly positive sector performance. Healthcare best performing sector. Novarax (+15%) boosted s…

ASX 200 followed US futures down on Moody’s downgrade, off 49 points at 8295 (0.6%). Banks tried to hold off the selling, but the Big Bank Basket rose to $267.97 (+0.3%). MQG fell 3.4% as it went Ex-dividend. Financials slid, ZIP off 6.2% and PPT down 2.9% with PNI off 2.4%. Insurers unchanged, REITs fell as bond yields pushed up a little to 4.51%.…

Opening Bell - Morning Commentary US Credit Rating Downgrade to Temper Global Market Sentiment, Local Small and Midcap Stocks are likely to Remain Resilient. Moody’s Investors Service cut the United States' credit rating, citing concerns over rising debt and political deadlock. This is a jolt to US markets, though it may not impact it immediately, …

Another good night on Wall St despite bearish headlines. S&P 500 up 0.7%. Nasdaq up 0.52% and the Dow up 332 points. Closing on the high. Michigan consumer sentiment dropped on Friday for the 5th month in a row to a 10Y low. Inflation expectations hit 4.6%. The highest reading since the measure began in 2008. Sounds bad but both numbers are sentime…

The ASX 200 wilted slightly from 8400, to close up only 46 points at 8344, touching a 3-month high. Today, it was all about resources as BHP, RIO, and FMG rallied. The gold sector, too, was back in demand, with GMD up 4.4% and NEM rising 3.6% after a bruising week. LYC bounced too much 2.7% with LTR continuing to find friends and shorts covering. U…

Wall Street recorded another mixed day in a choppy session as US data came in weaker than expected. US producer prices unexpectedly dropped and retail sales were mixed. S&P 500 up 0.41%, NASDAQ down 0.18%. Dow up. Dropped at open but steadily rose throughout day. Ended near high, up 272 points. Mostly positive sector performance. Growth sectors ret…

The ASX 200 rose 18 points to 8298 (+0.2%) as the banks put in another solid day. CBA is up 1.3% with NAB once again slightly outperforming, ANZ up 1.7% with the Big Bank Basket up to $266.85 (+1.3%). MQG rallied 1.2% with other financials mixed. Insurers better, IAG rose 5.7% after signing a deal with RACWA. Up 5.7%. REITs were once again under pr…

Wall Street recorded another mixed session as sectors diverged in their reactions to the US-China trade deal. S&P 500 up 0.10%, NASDAQ up 0.72%. Dow down. Rose at the open and fell throughout the day before recovering somewhat near end. Ended down 89 points. Mid-range. Primarily negative sector performance. Tech only sector up more than 1%, Cyclica…

The ASX 200 was up 11 at 8280 (0.1%), with some big movers hurting positive sentiments. ALL had an 8.9% fall on an earnings miss, and MQG slid 1.6% as ASIC looks at short selling reports. CBA reported a better-than-expected number and rose 0.8% with the Big Bank Basket up to $263.99 (+0.6%). NAB is rallying hard again. Insurers were better, SUN was…

Opening Bell - Morning Commentary Trade war truce between USA & China lifts sentiments across the globe, lower inflation print will propel the RBI to cut rates in the forthcoming policy The S&P 500 and the Nasdaq closed higher on Tuesday for a second straight day after softer-than-expected inflation numbers added to investor optimism after the U.S.…

Wall Street recorded primarily positive results as US inflation data came in slightly below expectations at 0.2% MoM rather than the 0.3% forecasted. S&P 500 up 0.72%, NASDAQ up 1.61%. Dow down. Fell at the open and dropped again before the close. Ended down 270 points, near low. UnitedHealth major drag on Dow, down 17.8% as the CEO stepped down an…

The ASX 200 rose 36 points to 8269 (0.4%). 11-week high. Disappointing in some respects as defensive stocks saw sellers move to more leverage assets. Banks slipped with ANZ Ex-dividend, the Big Bank Basket down to $261.90 (-0.5%). MQG pushed another 3.7% ahead, with other financials doing well. HMC is up 3.7%, and RPL is rallying 5.7%. ZIP was the …

Opening Bell - Morning Commentary Markets to digest recent gains U.S. equity markets rose sharply to start the week, as the United States and China agreed to a 90-day pause on the escalating tariffs placed on each other and will temporarily reduce their respective levies. The two countries announced this in a rare joint statement following high-sta…

Wall Street jumped as the US and China agreed to cut tariffs for 90 days. Chinese imports are cut from 145% to 30%. US imports are cut from 125% to 10%. S&P 500 up 3.26%, NASDAQ up 4.35%. Dow jumped at open at inched upward throughout the session. Closed up 1161 points, just 8 off high. Broad rally. All sectors up except Utilities. Flat. Cyclicals …

ASX 200 kicks higher, just up 2 points to 8234 (+0.0%) after losing momentum as the day wore on. US futures are up strongly on hoped-for details on US/China trade negotiations. Dow futures up 1.1%, Nasdaq futures up 2.1%. Gold fell, miners under pressure with GMD down 5.7% and EVN off 3.7%. Base metals and lithium stocks are better, MIN up 8.3% and…

Stocks ended flat overnight. Profit taking took hold from a strong open ahead of US/China trade talks this weekend. S&P 500 down 0.1%. Nasdaq flat and the Dow Jones 119 points. Closing near the low. Energy the best performing sector as oil rebounded. Healthcare the worst. S&P 500 down 0.5% for the week. Our market flat. Trump news dictated market d…

The ASX 200 rose 40 points (+0.5%) today, led by rebounds in banks and tech stocks. Most sectors in green. Financials lifted following a heavy selloff earlier in the week. MQG up 3.8% after reporting a profit rise. CBA up 0.9% while ANZ (-1.4%) lagged behind. Tech also firmed, riding a positive global lead from Wall Street on easing trade tensions.…

Opening Bell - Morning Commentary US stocks rose on a trade deal with the UK - Our markets fell as geopolitical tensions escalated. U.S. equity markets closed higher on Thursday, following a trade agreement between the U.S. and U.K., Which is expected to lower U.S. tariffs on products such as autos, steel, aluminium and aerospace engines imported f…

No intro music today ! Wall Street rose as the US and the UK announced a trade deal although all three major indices shed some of their gains before market close. S&P 500 up 0.58%, NASDAQ up 1.07%. Dow rose as news of the trade deal was revealed but dropped before the close. Ended in the low-mid range. Up 254 points. Mixed sector performance. Bond …