Nothing groundbreaking here but NZD is a tad lower to start the day.
This article was written by Adam Button at investinglive.com.
That’s good news on import prices as it will keep the pressure off the RBNZ, which is expected to remain sidelined until next Sept, when the market begins to see a chance of rate hikes.
This article was written by Adam Button at investinglive.com.
Happy Tuesday as we kick off Asia-Pacific trading. Eamonn is away today and tomorrow so I will be sitting in. I was in London last week at the Finance Magnates London Summit and met up with loads of traders and had a great time. I also got to hear about a few new products that I’m looking forward to checking out.
Thankfully, today’s Asia-Pacific calendar will let me ease into it. New Zealand terms of trader data for Q3 are due at 2145 GMT and expected to rise 0.5% with import and export prices both perking up.
Then at 0030 GMT, the focus flips to Australia for October building approvals and Q3 current account data. Neither is likely to be a market mover.
In terms of central bank speakers, we’re getting some RBNZ talk crossing at the moment but there is little else coming up.
This article was written by Adam Button at investinglive.com.
The 3 major US stock indices are closing lower on the day. The declines were led by the Dow 30 with a decline of 0.89% with Merck, Amgen and McDonalds all posting declines between 2% and 3%.
A snapshot of the closing levels shows:
The small-cap Russell 2000 index was the worst performer with a decline -31.30 point or -1.25% at 2469.12.
Some big losers today includes:
Moderna (MRNA): 24.18, down 1.80 (-6.92%)
Shopify (SHOP): 149.25, down 9.39 (-5.92%)
Grayscale Bitcoin (GBTC): 66.92, down 4.09 (-5.76%)
Trump Media & Tech (DJT): 10.96, down 0.58 (-5.03%)
Northrop Grumman (NOC): 545.66, down 24.28 (-4.26%)
ARK Genomic Revolution (ARKG): 29.87, down 1.33 (-4.25%)
Broadcom (AVGO): 386.08, down 16.88 (-4.19%)
Robinhood (HOOD): 123.24, down 5.25 (-4.09%)
RTX Corp (RTX): 168.08, down 6.83 (-3.90%)
Block (XYZ): 64.38, down 2.42 (-3.62%)
First Solar (FSLR): 263.57, down 9.35 (-3.43%)
Lockheed Martin (LMT): 439.29, down 15.09 (-3.32%)
Strategy (MSTR): 171.42, down 5.76 (-3.25%)
Some winners today include:
Nebius NV (NBIS): 100.15 | +5.28 | +5.57%
Synopsys (SNPS): 438.32 | +20.31 | +4.86%
Alibaba ADR (BABA): 164.27 | +6.97 | +4.43%
Celsius (CELH): 42.63 | +1.69 | +4.12%
DoorDash (DASH): 205.73 | +7.36 | +3.71%
Whirlpool (WHR): 79.48 | +2.13 | +2.75%
ASML ADR (ASML): 1,087.99 | +27.99 | +2.64%
Tapestry (TPR): 112.10 | +2.82 | +2.58%
Walt Disney (DIS): 106.77 | +2.30 | +2.20%
Macy’s Inc (M): 22.83 | +0.47 | +2.10%
Nike (NKE): 65.45 | +1.23 | +1.92%
NVIDIA (NVDA): 180.00 | +3.00 | +1.69%
Micron (MU): 240.46 | +3.98 | +1.68%
This article was written by Greg Michalowski at investinglive.com.
That’s good news for South Korea.
This article was written by Adam Button at investinglive.com.
There is a small chance of cut priced in for New Zealand over the next few months but that flips to a 50% chance of a hike next September.
This article was written by Adam Button at investinglive.com.
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