Business

Good morning. The local market ticked up late yesterday (Wednesday 30th) after the latest inflation figures were released with underlying annual inflation coming in at 2.9 per cent and is very close to moving back above the 200 day moving average. A boost from Microsoft and Meta’s latest positive updates could see the local index up nicely today. On the monthly chart the local index had it’s 6th best monthly turnaround ever according to some. In the US overnight prices were boosted from Microsoft and Meta’s latest bullish updates. The non-farm payroll numbers due out Friday night our time will […]

Happy Easter everyone. The local market could be seen as having made the low for now making a nice ABC type pattern down and we need a higher low to confirm a change of trend…. OR will it struggle at the trend line and moving averages making yet another lower high? Me thinks more trouble to the downside with the monetary impact of any implemented tariffs yet to materialise and the US consumer confidence very weak. This monthly chart of the local index puts the big spike down into context over the longer term. Will that be the low for […]