IG Tony Sycamore
ASX 200 afternoon report: 20 February 2024
The ASX 200 trades 10 points (-0.13%) lower at 7655 at 3.15pm AEDT. With US markets closed overnight for the Presidents' Day holiday, the ASX 200 was left to its own devices today, taking its lead from earnings reports and a hawkish set of RBA meeting min...
7 months ago
DAX and FTSE outperform amid US inflation concerns, European manufacturing rebounds
While US equity markets limped into the weekend on concerns over hotter-than-expected inflation data, the German and UK stock markets ended the week on a solid note. Despite a lack of AI names, the DAX has followed US equity markets to new highs in 2024,...
7 months ago
ASX 200 afternoon report: 2 April 2024
The ASX 200 trades 22 points (-0.28%) lower at 7874 at 3.20pm AEDT. The ASX 200 has reversed lower this afternoon, retreating from the fresh record high of 7910.5, it struck this morning after trading resumed from the Easter mini break. Headwinds from Wa...
6 months ago
Wall Street: robust US manufacturing data shakes rate cut expectations
Manufacturing surge impacts Fed rate outlook US equity markets had a mixed opening for Q2 2024, with strong US manufacturing data driving up yields and lowering prospects of a Federal Reserve rate cut in June. The ISM manufacturing PMI increased to 50.3 i...
6 months ago
Ahead of the game: 5 April 2024
US stock markets tumbled this week as rising geopolitical tensions and more hawkish Fed speak raised questions around the scope and depth of possible Fed rate cuts. After striking a fresh record high early in the week, the ASX 200 erased all of las...
6 months ago
Wall Street: stocks steady ahead of pivotal CPI release
US stock reaction to last Friday's NFP report US stock markets rebounded on Friday, supported by Megatech, despite a firmer-than-expected jobs report that saw yields end the week at their highest closing level this year. Within the details of Friday's non...
6 months ago
AUD/USD climbs amid commodity surge and positive PMIs
AUD/USD's strong rebound The AUD/USD showed notable resilience last week, rebounding from below 0.6500 on Monday to nearly touching 0.6600 by week's end. This recovery was largely driven by rising commodity prices and unexpectedly strong global PMI figure...
6 months ago
DAX plummets in worst week since October as ECB meeting looms: what to expect
The DAX, a top performer in 2024, experienced its steepest weekly drop since last October last week, hinting at market apprehension and profit-taking before the upcoming ECB meeting. What is expected from the ECB interest rate meeting (Thursday, 11 April...
6 months ago
ASX 200 afternoon report: 9 April 2024
The ASX 200 trades 40 points (+0.52%) higher at 7829 at 3.20pm AEDT. Over the first quarter of 2024, iron ore plummeted by approximately 28%, from nearly $144 per ton to $100 per ton. This placed a heavy burden on the major miner stocks. However, it also...
6 months ago
Netflix Q1 2024 earnings: the battle for dominance
When will Netflix report its latest earnings? Netflix is scheduled to report its first quarter (Q1) 2024 earnings after the market closes on Tuesday, 18 April 2024. Subscriber surge shocks Wall Street During its Q4 2023 earnings report, Netflix surprised...
6 months ago
Ahead of the game: 12 April 2024
It's been a rollercoaster week for US stocks, thanks to a stubborn inflation report putting the brakes on any Fed rate cut dreams for 2024. All eyes are now peeled for Q1 2024 earnings, with the spotlight glaring on MegaTech's numbers, starting wit...
6 months ago
Wall Street: market dive amid rate cut doubts, bank woes, & middle east strife
US equity markets dived on Friday — in a week that saw the pathway toward Fed rate cuts became less certain — earnings reports from major banks disappoint, topped off by a sharp rise in Middle Eastern geopolitical tensions. Arguably, the effects of the l...
6 months ago
AUD/USD hits yearly low, records major weekly loss amid US CPI and market risks
It was a frustrating end to last week, as a third consecutive month of firm US CPI data and risk aversion flows sent the AUD/USD spiralling back to year-to-date lows, locking in its most significant weekly loss (-1.76%) since last November. The latest se...
6 months ago
European equity indices: will UK inflation data help the FTSE reach a record high, or did it miss its chance?
2024's first quarter sees European Indexes soaring During the first quarter of 2024, several global equity indices, including the German DAX and the French CAC40, made fresh record highs. The one big-name stock index from within that region that has thus...
6 months ago