Our XJO is expected to record another moderately positive open this morning, with a gain of around 20 points expected on open, to roughly 7,180 index points. Our market has been reluctantly dragged higher for the past couple of sessions, with overseas markets remaining strong, helping to drown out some of the local negativity. For
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The XJO will play a bit of catch-up today after grinding lower for much of the past week, while overseas markets and particularly the US, have rocketed higher. To be fair, US CPI is falling, while our CPI remains elevated and our other economic measurables are fairly poor. Still, with commodities bouncing and continued strength
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Despite strength in US markets (with the S&P500 index breaking strongly above the key 4,300 resistance level), our market is expected to record a fairly lacklustre open today, with a slight gain of maybe five points on Friday’s close expected. Our market remains in a negative slant after a series of RBA rate rises, and
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Our XJO is expected to open moderately higher this morning, following buying in US markets overnight, as well as with a push up in key commodities such as iron ore, copper, and gold. Our market has been grinding lower for most of this week following the RBA rate rise on Tuesday, as well as the
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The XJO is expected to edge lower on open this morning following a small pullback in the U.S last night and their flat futures this morning. Yesterday, we could not keep any positivity in our market as we gave up all our intraday gains to finish slightly lower. This was despite GDP numbers coming in
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The XJO is expected to edge higher on open this morning following both a small rebound in the U.S last night, and their marginally higher futures this morning. The XJO was rattled yesterday by another 25-basis point rate increase from the RBA. It shouldn’t have come too much as a surprise considering the strong inflationary
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