1,404 episodes
Market Updates Marcus Today
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- Business
A twice daily podcast from the team at Marcus Today, the stock market newsletter for investors, bringing you up to speed with the latest stock market, financial, and business news. Published just before market open and after market close (AEST), Monday to Friday.
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End of Day Report – Thursday 20 June: A flat day for the ASX200.
The ASX 200 has finished flat to 7769, slightly better than futures were suggesting. A quiet session that lacked direction, following a similarly quiet night in Europe while US markets were closed. Tech and Health Care the only sectors with significant moves. Health Care worst off after a 4.8% drop in COH (no new news). CSL and RMD fell in sympathy 0.8%. Tech stocks were sold off despite NASDAQ futures heading higher. WTC down another 0.5%, XRO down 0.2% and NXT off 1.6%. The other major sect...
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Pre-Market Report – Thursday 20 June: Australian shares to fall at the opening bell, with SPI Futures down 21 points.
US markets closed overnight for Juneteenth National Independence Day. Australian shares to fall at the opening bell, with SPI Futures down 21 points. European equity markets closed firmly lower, weighed down by losses in real estate and technology stocks, while UK miners found buyers as the market digested inflation data. The STOXX 50 fell 0.61%, and the STOXX 600 eased 0.17% after the European Commission issued formal reprimands to France, Italy, and five other members over wider-than-allowe...
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End of Day Report – Wednesday 19 June: Big bank basket down 0.5% to $219.36.
The Australian market has finished the day down 8 points (-0.11%) to 7770. Energy was the standout performer on the back of another strong gain in the oil price (WTI was up 1.7% overnight). WDS and STO up 1.3% and 1.1%. BPT in contrast was hit hard, down 4.3% on multiple broker downgrades after the company announced low er production and higher CAPEX yesterday. Staples continued their strong run, up in every session this week. WOW and COL up 0.1% and 0.7%. TWE up 2.7%, positive China-Australi...
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Pre-Market Report – Wednesday 19 June: ASX to edge lower. SPI Futures down 8 points (-0.10%).
Wall Street ended higher overnight following softer-than-expected US retail sales data. The S&P 500 recorded its 31st record high of the year, gaining 0.25%. Boosted by Nvidia up 3.5%, surpassing Microsoft (-0.5%) to become the world's most valuable company. Market cap of $3.335T. The NASDAQ was near flat, while the Dow advanced 57 points (+0.15). Up 159 points at best. Down 50 points at worst. The Philadelphia SE Semiconductor index recorded another record high, boosted by gains in Qualc...
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End of Day Report – Tuesday 18 June: ASX 200 has finished the day up 78 points (1%) closing near the high.
The ASX 200 has finished the day up 78 points (1%) to 7778, closing near the high. The RBA’s decision to hold rates passing unnoticed by the market. Bond yields did respond, the AU2Y rising 5bp on the announcement and subsequent Michele Bullock press conference. The Utilities sector was the star performer thanks to a 3.5% rise in ORG. Banks were next best with solid gains continuing. MQG up 2.6%, the CBA up 2% (will tend to do better than its peers which have gone ex-dividend already). ANZ, W...
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Pre-Market Report – Tuesday 18 June: ASX to rise. SPI Futures up 29 points (+0.38%).
US equities kicked off the week on a positive note. The S&P 500 rose 0.77%, hitting its 30th record high this year. The NASDAQ advanced 0.95%, marking its sixth consecutive record high, buoyed by gains in large tech stocks. The Dow Jones gained 189 points (+0.49%), ending just off best levels. Up 251 points at best. Down 157 points at worst. Philadelphia SE Semiconductor index touched an all-time high before finishing up 1.60%, as funds found their way into chip stocks. Broadcom +5.4%, Ta...