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ASX200 Midday Wrap 12 Apr 2018

Posted by Billy Macris on 12-Apr-2018 13:52:15

The ASX200 is trading lower down 21.18 points or -0.38% at 5,807.50 with the banks all playing their part pushing the index lower. The financial sector is down -0.60% with NAB -0.78%, WBC -0.89%, CBA -0.86% and ANZ -0.22%. The biggest drag on the ASX200 are Industrial stocks down -1.03%.

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ASX200 Midday Wrap 11 Apr 2018

Posted by Billy Macris on 11-Apr-2018 14:16:57

The ASX200 is trading lower down -17.67 points or 0.30% at 5,791.30 with Utilities leading the declines, the sector is down -1.43% with Energy +1.13%. Weakness is also seen in the Nikkei down 26.87 points or -0.26% trading at 21726.72.

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ASX200 Midday Wrap 10 April 2018

Posted by Billy Macris on 10-Apr-2018 13:20:44

As we get through the middle part of the day most market players would have been perhaps a quieter day and maybe not such a strong move higher in the local market.  The Dow traded from its overnight highs towards 24,360 to close at 23,979 a turnaround of 381 points to finish 46 points higher for the session after the news that President Trump’s lawyer’s home and office had been raided by the FBI.

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ASX200 Midday Wrap 6 Apr 2018

Posted by Billy Macris on 06-Apr-2018 13:29:45

In a turn of events, the ASX200 is trading higher up 2.49 points of +0.04% at 5,791.30 after some early morning weakness dampened the mood of traders. Strength is also seen in the Nikkei up 27.52 or +0.13% and Hang Seng higher by 374.14 or +1.27% despite the weakness in U.S. equity futures this morning

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ASX200 Midday Wrap 5 Apr 2018

Posted by Billy Macris on 05-Apr-2018 13:52:28

As lunch sets in, the ASX200 is pushing 34.05 points higher or +0.59% currently trading at 5,795.40 with a battle between Tech +1.17% and Consumer Staples +1.12% as to who will be the top performing sector of the day.

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ASX200 Midday Wrap 28 MAR 2018

Posted by Billy Macris on 28-Mar-2018 13:38:48

As we get through the middle part of the day it is one with far less faire works than we would have expected given the moves in offshore markets last night. The ASX200 is currently trading at 5978.10 lower by 34.20 points or -0.61%.  There is no question that sentiment is negative across all markets despite the 600 plus point gain in the Dow in the prior session but the horrible “V” word or volatility is keeping most on the sidelines.

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ASX200 Midday Wrap 23 Mar 2018

Posted by Billy Macris on 23-Mar-2018 14:12:38

Lunch passes and the selling continues with the ASX200  trading at 5811.80 down 125.35 points or -2.13%, with all sectors down for the day. Materials are at the bottom end of the performers lower by -3.19% followed closely by the Financials which are down -2.23% so far today. Equities showing some positive signs include RFG +1.44%, RSG +1.22% and SOL+0.67%, however the greater majority of the market continues to struggle in what more closely resembles a sea of red more like the crowd at a Man United game.  Some of the bigger losers for the session include BSL -6.34%, S32 -5.33% and MIN-5.23% along with all the banks which have extended losses since this morning pushing the index lower with NAB-1.97%, WBC -2.57%, CBA -2.62% and ANZ -2.47%. USDJPY remains under 105.00 at 104.84 with AUDUSD currently trading at 0.7719.

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ASX200 Midday Wrap 22 Mar 2018

Posted by Billy Macris on 22-Mar-2018 13:17:14

A FED rate hike, a weaker USD and a weak start to the day was not enough to keep the local market down. Strong employment data which saw an overall change of +17.5K, comprising +64.9k full time and part time -47.4k and an unemployment rate of 5.6% saw the local market recover from the early morning session lows.

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ASX200 Midday Wrap 21 Mar 2018

Posted by Billy Macris on 21-Mar-2018 13:17:20

As we get through the middle part of the day we find the ASX200 trading at 5941.20 for a gain of 4.70 points or 0.08 percent. The market peaked in the first hour of trade when it posted a daily high of 5963.00. As we approach the end of the day no doubt there will be some thought given to position squaring ahead of tonight’s FOMC rate announcement scheduled for release at near 5.00 A.M Melbourne time.

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ASX200 Midday Wrap 15 Mar 2018

Posted by Billy Macris on 15-Mar-2018 13:28:15

As we get through the middle part of the day the local market looked to find support ahead of 5900 when it traded to a low of 5906.10.  The main index is currently trading at 5918.70 for a loss of 16.60 points or -0.28%. The big four banks continue to struggle  with NAB -1.13%, ANZ -1.02%, CBA -0.85% and WBC -0.46%. The big miners are in positive territory with BHP +0.72%, RIO +1.38% and FMG +0.42%.

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