The ASX 200 kicked 66 points higher to 8836 (0.8%) as news of a Senate vote to end the shutdown brought risk appetite back. ANZ results helped the banking sector as the market warmed to the transformation story, with the stock hitting record highs, up 3.2%. The Big Bank Basket rose to $295.69 (0.2%) with CBA slipping slightly. Financials were better, as MQG found some analyst love and ZIP rose 4.5% on Nasdaq listing news. NWL rallied 2.4%, with XYZ bouncing hard, up 6.9%. Insurers firmed; REI...
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The ASX 200 kicked 66 points higher to 8836 (0.8%) as news of a Senate vote to end the shutdown brought risk appetite back. ANZ results helped the banking sector as the market warmed to the transformation story, with the stock hitting record highs, up 3.2%. The Big Bank Basket rose to $295.69 (0.2%) with CBA slipping slightly. Financials were better, as MQG found some analyst love and ZIP rose 4.5% on Nasdaq listing news. NWL rallied 2.4%, with XYZ bouncing hard, up 6.9%. Insurers firmed; REI...
Pre-Market Report – Tuesday 28 October: US markets power up, SPI down 39 | Gold drops again
Market Updates
11 minutes
2 weeks ago
Pre-Market Report – Tuesday 28 October: US markets power up, SPI down 39 | Gold drops again
US stocks hit all time highs again overnight. The Nasdaq was up 1.8% and the SP500 1.2%. Company earnings are coming in strong, the Fed is in a rate cutting cycle and optimism around the trade spat is keeping the market buoyant. The VIX is now falling well back from the high it hit earlier in the month and the gold price retreated again (-2%). Bitcoin also seems to be stabilising after its recent drawdown. The ASX is set to open lower. The SPI is down 39 points. Want to invest with Marcus Tod...
Market Updates
The ASX 200 kicked 66 points higher to 8836 (0.8%) as news of a Senate vote to end the shutdown brought risk appetite back. ANZ results helped the banking sector as the market warmed to the transformation story, with the stock hitting record highs, up 3.2%. The Big Bank Basket rose to $295.69 (0.2%) with CBA slipping slightly. Financials were better, as MQG found some analyst love and ZIP rose 4.5% on Nasdaq listing news. NWL rallied 2.4%, with XYZ bouncing hard, up 6.9%. Insurers firmed; REI...
