Business

The local index shows the daily range consolidating at these levels. After a fast move up from the lows a bit of a pullback would be normal. US Stock markets gapped up on the news that the US and China would have a pause on tariffs for 90 days. The QQQ ETF has retraced around 75 per cent of the recent losses. The gold price fell on news of a truce on tariffs between the US and China and has also fallen below an area of support. Next major support comes in near the US$3,000 an ounce mark. The Brent […]

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 […]