Wall St was down 94 overnight, its biggest fall in a month, while the local market is down 66.
Columns / Morning Market Report
Housing disappoints
Housing Starts and Building Permits for October disappointed as Wall St fell 11 overnight. The local market is up 18.
No inflation in the US means no need to raise interest rates
No inflation in the US means no need to raise interest rates — a boon for the Aussie dollar and the market, which is up 46 today.
An impressive session for Metals
Metals had an impressive session overnight, with Copper, Nickel and Zinc finishing around 5% higher. Wall St closed up 137, and today’s market is up 13.
S&P 500 index hits a 13-month high
The S&P 500 index hit a 13 month high last night — that’s six sessions on the trot now. The market is up 35, while Wall St closed up 44.
Aussie dollar grows even stronger
The Aussie dollar increased to 93.05c versus 93c yesterday morning. The market is up 28, and Wall St closed up 20.
Aussie dollar continues its rise
The Aussie dollar continued its rise — up to 93c compares to 92.20c yesterday. The market is up 59, while Wall St closed up 204.
Dow strong — even if US employment isn’t
The Dow closed above 10,000 last week, despite weaker job numbers. Today the market is up 74, and the Aussie dollar is up to to 92.20c.
Wall St up 204, Dow up 211
Better than expected economic numbers gave the market a boost last night, with Wall St up 204 and all S&P 500 major sectors closing up. The domestic market is up 61 today, while the Aussie dollar is up to 91.06c.
Rates to stay on hold
The FOMC kept rates on hold as expected at 0-0.25%. Federal Reserve Chairman Ben Bernanke had a cautious tone saying he would keep rates at these levels for an extended period of time.
Gold is a big mover
Gold was the big mover overnight putting on $31 to $1085. The market is up 4, while the Dow closed down 17.
A Wall St shocker
Wall St. had a shocker on Friday closing down 250. Today, the market is down 115 and the Aussie dollar has dropped to 89.72c.
The US economy returns to growth
The US economy returns to growth and Wall St had a good session, up 200, while our own market was up 70.
Market gives up its prior gains
Things weren’t looking too positive today, with the market down 90 and the SFE Futures down 80 points this morning. Wall St. also fell over again overnight.
Aussie dollar rises again
The market is down 23. The SFE Futures were down 21 this morning. The Aussie dollar has also increased slightly from 91.61c to 91.66c yesterday.
All S&P 500 sectors down
The market gave away early gains with all ten S&P 500 sectors finishing lower. Wall street finished down 104, and the domestic market is down 45.
Market, Wall St down
The market is down 27, and Wall St closed down 109 on Friday.
Good night on Wall St
Fairly positive news, with the market up 38, SFE Futures up 41 this morning and the Dow closing up 132.
US market reverses in the last hour
The US market reversed in the last hour last night, with Wall St falling 92. The local market is down 3, but the Aussie dollar is up to 92.89c.
Poor housing results damage markets
Housing starts and building permits coming in below expectations saw Wall St fall 51 overnight, while the market here was down 18.
Metals shine on
It might have been the 22nd anniversary of the 1987 Black Monday crash, but things were looking positive, with the market up 62 and Wall St closing up 96. Gold is continuing its impressive form.
Dollar and market down
The Aussie dollar fell to 91.41c — the weaker-than-expected seeing the market down 58, while Wall Stwas also down, 67.
Bumper Aussie dollar rises again
Things are looking positive, with the market up 11 and the SFE Futures up 17 this morning. The Aussie dollar continues to climb against the US dollar, with it now at 92.07c.
Market hits a fresh yearly high
The market hit a fresh yearly high today, up 55, while the Dow cracked 10,000 for the first time in over a year and the Aussie dollar’s rise continues.
Wall St finally falls
Wall St. fell for the first time in 6 sessions last night, down 15, but the local market is up 17 and the Aussie dollar is up to 90.86c.
