The Good Morning Report

The latest market news, commentary and strategy by Adrian Rowney 

5 Things that Grabbed my Attention

1. FED increased interest rates by 0.25% setting a target range of 4.5% to 4.75%.

2. Central Bank of Lebanon just devalued its currency by 90% Vs USD....See now why the EAST is loading up on GOLD?

3.  General Motors (GM) is investing US$650 mil into an American lithium miner.....race is on to secure long term supplies of key commodities.

4. According to Corelogic, Aussie home prices fell by 1% in January.

5. Norway's giant $US1.3 trillion sovereign wealth fund lost 14% or $164bn in 2022.

ASX Market Update

ASX 200 up 25 points to 7501

I decided to give the latest and greatest AI platform a run in order to see if I will be out of a job soon....I asked IT to do an ASX Stockmarket update:

Seems I am safe from the machines for the time being......Anyway - our market rallied due to the positive lead from Wall Street and optimism over the Chinese economy now that it has opened back up. RIO added 1.4%, Telstra put on 1.7% and FLT was the star after rallying 8% - as investors obviously like the new acquisition.

Random Observation can't go wrong in property!

The Day Ahead

  • Our SPI is up 23 points
  • Bitcoin up 2.2% to $23,580

Movements affecting our resource stocks today (USD)

  • BHP in the US down 0.6%
  • Gold up 1.1% to $1967
  • Paper Silver up 1.09% to $24.09
  • Copper down 0.99% to $4.18
  • Brent Crude down 2.5% to $83.32
  • Iron ore up 2.4% to $126.33

Asian Market Update

China up 0.9%, Hong Kong added 1% and Japan was FLAT

Some big upgrades are coming in for the Chinese economy....

Global Market Update

US Market

DOW up 6 points to 34,092

Tech stocks took off after Jerome Powell only hiked rates by 0.25% and said the disinflationary process has started....Tesla shares surged another 4%:

European Markets

FTSE down 0.14%, DAX up 0.35% and CAC was FLAT

European markets were quiet as traders were waiting for the FED to announce interest rates before making any big moves.

Key Market Summary

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Stephen Hall
Stephen Hall
September 21, 2023.
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June 22, 2023.
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Natalie Gaby
January 12, 2023.
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Charlie Gimblett
August 8, 2022.
A huge thanks To Tracy And Adrian from Super Equity for sharing their knowledge on the recent Introduction To The Stock market Course I attended. The course was fabulous and gave a great insight on how the world operates from Share Markets, to Economic Cycles, World Currencies and great tips on how to look for opportunities on how and where to invest based on local news and world events along with overseas markets and indicators. Also thanks again Adrian for the Silver coin for 1st prize as part of the demo share market game we played over the duration of the course. Would thoroughly recommend the Stock Market course as well Tracy and Adrian's knowledge on our own investments. Cheers Charlie
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April 29, 2022.
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October 13, 2016.
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