Market Updates
A twice-daily podcast from the Marcus Today team for self-directed investors.Published every weekday before the ASX open and after the close (AEST), these short updates cover what's moving markets, key developments overnight, and the themes shaping the trading day.Clear. Practical. No noise.
End of Day Report – Monday 22 June: ASX 200 falls 13 - Convictionless day - WTC trashed on AFP news - Gold rallies - Banks solid.
The ASX 200 slipped 13 points to 8816 (0.1%) in a quiet day of trade, oscillating between small gains and small losses. Banks remained solid, with CBA the star of the show, up 0.6%. MQG, though, fell 0.8%, while insurers were better, with QBE rising 1.5% and IAG up 3.0%.
There was not much action in the REIT sector, with SCG up 1.1% and GMG largely unchanged.
Elsewhere, it was a mixed picture across industrials and technology stocks. SGH rose 3.0% following the announcement of a $500 million buyback. However, we once...
Pre-Market Report – Monday 22 June: US Markets closed - Futures down slightly - Oil up - SPI down 16 - Cautious start to the week.
US Markets closed - European markets ease
Confusion in the Middle East - Is the Strait open or closed?
SPI down 16 - Metals off in London Trade.
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End of Day Report – Friday 19 June: ASX 200 drops 82 - BHP down 5.6% on Jansen - CSL jumps 7.6% - Index up 25 for the week- US markets closed
The ASX 200 was on shaky ground falling 82 pts to 8829 (0.9%), with BHP the major culprit after announcing changes to payments and a blowout in capex at its Jansen potash project. Lower iron ore prices didn't help either, BHP finished down 5.6%, with RIO falling 3.1%. Not helping investors was news that JD Vance was no longer in the departure lounge for Switzerland, as Lebanon remains an issue. Donald Trump has already signed the MOU with Iran, but we did see US futures turn negative, despite the fact there is a holiday in America tonight. ASX 200 unchanged...
Pre-Market Report – Friday 19 June: US markets push higher ahead of long weekend - SPI down 51 - Gold down - BHP Jansen blowout
U.S. stocks rose on Thursday, staging a comeback after the Federal Reserve indicated the possibility of a rate hike this year — a move that sparked a sell-off in equities during the previous session.
The S&P 500 added 1.08%, closing at 7,500.58, and the Nasdaq Composite climbed 1.91% to 26,517.93. The Dow Jones Industrial Average rose by 72.15 points, or 0.14%, to end at 51,564.70.
Intel led chip stocks higher, rising 10.6% after President Donald Trump said the company will partner with Apple on designing chips in the U.S. Fellow semiconductor names such as Nvidia and Micron Technology were also higher by abo...
End of Day Report – Thursday 18 June: ASX 200 drops 55 - Banks and Big Miners under pressure - Oil off 2.5% US Futures up.
The ASX 200 closed down 55 points at 8911 (0.6%), with the banks coming under some pressure and resources also slipping. CBA dropped 0.9%, WBC dropped 1.1%, but ANZ managed a small gain, along with MQG, which was again up on the day. The Big Bank Basket dropped to $269.97 (-0.75%). The rest of the financials were not faring so well, with ASX down 2.3% and HUB also down 2.3%, while ZIP fell slightly as well.
The REIT sector also came under a little pressure again today, with <...
Pre-Market Report – Thursday 18 June: US Markets fall on Fed Day - Yikes! -Hikes! Yields rise - Gold slips SPI down 64
US stock closed lower after the Federal Reserve held interest rates unchanged and signaled the possibility of rate hikes this year. The S&P 500 fell 1.2% and the Nasdaq 100 dropped 1%, while the Dow lost 507 points from its record high. The Summary of Economic Projections from the Fed's June meeting showed that half of the FOMC members projected one rate hike or more this year, as underlying inflation gauges pointed to rising prices and employment data remained robust despite economic shocks stemming from the war in Iran. Chairman Warsh refrained from posting a dot in the projections, reflecting his intention to...
End of Day Report – Wednesday 17 June:ASX 200 pushes 49pts higher as optimism continues - Banks ok - BHP ok - KAR crashes - Gold steady.
The ASX 200 rallied another 49 points to 8966 as optimism continues on Fed and war outcomes. After a slow start, and despite iron ore falling, BHP managed a 0.6% rise as passive funds continue to flow into the Big Australian. RIO and FMG drifted lower. Gold miners continued their recovery despite bullion slipping a little, NST up 2.6% and EVN up 2.9%, with RRL doing very well. Lithium stocks also continued recovering, with LTR up 3.9% and PLS rallying 2.8%, while rare earth stocks were mildly positive. Oil and gas...
Pre-Market Report – Wednesday 17 June: US Markets mixed - SpaceX up nearly 5% - SPI down 31 - Fed in focus
US equities closed mixed on Tuesday amid a pullback in AI-related stocks. The S&P 500 lost 0.6%, while the Nasdaq was down 1.2%. Investors took profits in semiconductor names after their recent rally, with Nvidia (-2.4%), Broadcom (-4.4%), Micron (-6.2%), AMD (-7.3%), and Intel (-8.5%) all posting losses. In contrast, SpaceX gained 4.8%, extending its advance since Friday's IPO, after reports that it would acquire Cursor for $60 billion. Meanwhile, the Dow Jones rose 328 points to a new high, supported by optimism surrounding the preliminary US-Iran agreement. Both countries are expected to sign the deal on Friday, with US officials stating that the...
End of Day Report – Tuesday 16 June: ASX 200 closes up 4 - Banks make comeback - RBA on hold - Gold miners better - Tech flops again - US markets not doing much.
The ASX 200 staged a remarkable comeback (again) to finish up 4 points at 8,918 after falling nearly 100 points in early trade. Banks were under pressure from the off on broker downgrades but fought back with ANZ up 0.9% and the Big Bank Basket flat at $270.33(). The RBA held rates unchanged for a change, although warned further rises could not be ruled out as inflation remained the focus.
Financials were generally better, MQG up 0.7% and ASX gaining 1.0%, with ZIP up 1.8%. REITs drifted lower, SCG down 0.8% and ...
Pre-Market Report – Tuesday 16 June: US Markets kick higher - SpaceX up another 20% - SPI down 98 - Oil drops - Gold up
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End of Day Report – Monday 15 June: ASX Up 3.3% in Two Sessions -
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Pre-Market Report – Monday 15 June: ASX Set to Rise on Peace Deal News -
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End of Day Report – Friday 12 June: ASX up 2%. Best session since April -
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Pre-Market Report – Friday 12 June: US markets jump on peace deal (?) - Oil slumps - SPI up 146 - Yields drop
US stocks closed sharply higher on Thursday, with the S&P 500 rising 1.8%, the Nasdaq gaining 2.5%, and the Dow Jones climbing 930 points. Investor sentiment improved amid a pullback in oil prices after President Trump cancelled strikes against Iran after earlier threatening "very hard" attacks tonight. He also claimed a deal had been agreed in principle by several allies in the Middle East, including Israel, without elaborating. Further support came from a rally in technology shares as investors positioned themselves ahead of SpaceX's expected IPO tomorrow. Micron and AMD soared 11% and 8%, respectively, while Lam Research added 12.7% and Intel jumped over 10% after...
End of Day Report – Thursday 11 June: ASX 200 stages come back - Down only 20 - Resources stabilise - Banks smacked - CSL better - ECB and SpaceX
The ASX 200 staged a remarkable comeback to finish down only 20 points at 8633 (-0.2%) after falling nearly 100 points in early trade. A stronger US futures market helped, as did a calming in the oil price and the absence of any collapse in Korea.
Once again, though, we saw sector rotation, with the banks still under pressure. CBA fell 2.4%, WBC dropped 2.6%, and MQG eased 0.7%. The Big Bank Basket fell to $260.43 (-2.3%). Other financials performed slightly better, and insurers continued to do well, with QBE the star of the show...
Pre-Market Report – Thursday 11 June: US Markets stumble again - Missiles fly - SPI down 65 - Resources to get hit again - Gold down - Oil up
U.S. equities fell on Wednesday after President Donald Trump signaled that negotiations with Iran were taking “too long” and threatened more action.
The Dow Jones Industrial Average fell by 953.33 points, or 1.87%, to 49,918.78. The S&P 500 lost 1.62% to end at 7,266.99, and the Nasdaq Composite dropped 1.98% to settle at 25,169.50.
The major averages dropped after Trump pledged more Iran attacks, saying that “we’re going to be attacking them very hard.” He wrote early Wednesday that Iran has “taken too long to negotiate a deal that would have been great for them, now they will have to pay the pric...
End of Day Report – Wednesday 10 June: ASX 200 closes up 49 in volatile day - Industrials, healthcare and defensives push higher - Gold miners tumble - Lithium depressed
The ASX 200 showed solid gains to finish up 49 points at 8,653. Once again, it was the tale of two cities, with the best of times and the worst of times. The banks held steady, with CBA down 0.2%, and WBC doing well, up 2.0%. Insurers also pushed higher, led by QBE up 2.4%, and even ASX up 0.6%, with the Big Bank Basket at $266.54. Elsewhere, industrials were once again stronger, with defensive stocks taking the bull by the horns. WES rose 4.3%, TLS rose 2.0%, and both the supermarket stocks WOW<...
Pre-Market Report – Wednesday 10 June: US markets volatile and mixed - Oil falls - Gold falls - SPI up 13
The S&P 500 and Nasdaq closed 0.25% and 1% lower respectively on Tuesday despite a retreat in oil prices, as the recent rebound in semiconductor shares lost steam. Semiconductor stocks came under renewed pressure, with the iShares Semiconductor ETF dropping more than 3% after rallying 6% on Monday. The fund had plunged 10% on Friday, its worst single-day decline in six years, as investors worried that the AI-fueled surge in chip stocks had become overheated. Micron Technology fell nearly 5%, giving back part of Monday’s 10% recovery.
SPI up 13 - Oil down - Gold down - US launches strikes against Iran
...
End of Day Report – Tuesday 9 June: ASX 200 rallies back hard to close down 21 - Healthcare - Industrials - REITs all better - Resources suffer - US Futures positive.
The ASX 200 closed down 21 points at 8604 (0.2%), well off its lows for the day, with most sectors rallying throughout the session and the banking sector staging a turnaround. CBA fell 0.3%, with the Big Bank Basket easing only slightly to $265.42 (0.4%). Financials were generally firm, with MQG up 0.7%, while the insurance sector also performed well, led by QBE up 0.9% and MPL higher. REITs enjoyed a solid session, with GMG up 0.3% and SCG rising 1.6%. TLS also had a strong day, gaining 2.2%, although REA...
Pre-Market Report – Tuesday 9 June: US Markets recover a little - SPI up 23 (down 92 over two days) - Commodities under siege - AUD drops
The S&P 500 and Nasdaq Composite were higher on Monday as chip stocks rebounded from Friday’s rout, and President Donald Trump tried to maintain a fragile ceasefire despite Iran and Israel trading strikes.
The broad market index advanced 0.30% and closed at 7,405.73. The tech-heavy Nasdaq was up 0.86%, ending at 25,929.66. The Dow Jones Industrial Average lost 80.77 points, or 0.16%., and settled at 50,786.01.
SPI down 92 over two sessions - Oil eases back a little - Gold steadies - Bitcoin rallies.
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End of Day Report – Friday 5 June: ASX 200 drops 61 - Down 1.2% for the week - Banks and Miners struggle - Healthcare soars - US futures ease - NFP tonight
The ASX 200 finished the week on a sour note as the index fell 61 points to 8621 (-0.7%), ending the week down 1.2%. Banks were ugly today after Morgan Stanley downgraded the sector outlook. The Big Bank Basket fell to $266.42 (1.5%), with CBA off 1.7% and WBC sliding 1.2%. Other financials held up better, with MQG unchanged, ASX up 1.5% and ZIP rising 1.7%. Insurers also found some friends again. REITs were better too, with CHC up 1.1% and SGP rising 1.1%. Industrials pushed higher, with WES up 0.4%, while WOW<...
Pre-Market Report – Friday 5 June: Wall St Buys the Dip
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End of Day Report – Thursday 4 June: ASX 200 drops 100 - Resources smacked - Banks fall - US Futures mixed - Gold up
The ASX 200 fell 100 points to close at 8686 _1.1%), with losses across the board. Banks held up better, with CBA down 0.6%, and WBC the worst of the bunch, down 1.7%, with MQG also falling 1.1%. The Big Bank Basket dropped to $270.46 (-1.8%). Insurers were better as bond yields rose, with QBE up 1.2% and the rest of the financials losing ground. Tech stocks were struggling today, with XRO falling back to earth by 4.2% and the All-Tech Index falling 1.4% as profit-taking moved in after the recent bounce. In the industrials, we...
Pre-Market Report – Thursday 4 June: US markets fall after nine day rally - SPI down 75 - Resources under pressure - Oil up - Gold down
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End of Day Report – Wednesday 3 June: ASX 200 jumps 61 - Off highs - GDP light on - BHP hits another record - Tech falls - Uranium soars.
The ASX 200 jumped 61 points after a slow start to 8756, with GDP coming in a little light, giving the RBA room to hold rates. Banks rebounded, with CBA up 1.1% and ANZ doing well, up 1.9%, as the Big Bank Basket rose to $275.51 (+1.1%). Other financials were a little mixed, GQG fell 1.4%, AMP slid 2.0% and HUB fell 0.9%. Insurers were steady as she goes.
Industrials firmed in places, with WES down 0.2 %, while WOW and COL did better. Healthcare remains in ICU, with CSL<...
Pre-Market Report – Wednesday 3 June: US slightly higher - SPI up 38 - Copper in focus - MP1 raise - Tech sector may stumble - Gold firm - Bitcoin crashes
The S&P 500 ticked up to a record close after reaching a new all-time high on Tuesday as traders monitored the latest U.S.-Iran developments as well as moves in major tech names.
The broad-based index advanced 0.13% to end at 7,609.78 for its first close above the 7,600 threshold, while the Dow Jones Industrial Average gained 228.91 points, or 0.45%, to 51,307.79. The latter also rose to a new all-time intraday high earlier in the session. The Nasdaq Composite eked out a gain of 0.03% to end at 27,093.90.
Alphabet weighed on the S&P 500, with shares down almost 4% after the...
End of Day Report – Tuesday 2 June: ASX 200 fights back from 100 down to close down 5 - BHP hits new record - Tech booms.
The ASX 200 rallied hard off lows to close down 5 pts at 8724 (0.1%). CBA turned around, recovering well, the Big Bank Basket closed at $269.61 (- 0.8%). Insurers slipped, led by QBE off 1.3% and IAG down 2.2%. REITs too were under pressure, GMG off 0.4% and CHC falling 1.0%. Healthcare remains in the kennel, CSL falling another 1.7% with RMD off 2.1% and COH down 4.3%. Industrials slipped a little, BXB down 1.6% and ALQ falling 1.1%. Retail stocks were also on the nose following the minimum pay award...
Pre-Market Report – Tuesday 2 June: US markets push ahead - Oil up - SPI down 36 - Gold Down - Oil bounces hard
The S&P 500 rose on Monday, even as oil prices advanced, with Nvidia leading technology higher following the launch of a new chip for PCs.
The broad market index advanced 0.26% to close at 7,599.96, while the Nasdaq Composite gained 0.42% to close at 27,086.81. The Dow Jones Industrial Average added 46.42 points, or 0.09%, and ended at 51,078.88. All three indexes reached new all-time intraday highs and closed at records.
SPI down 38 - Oil up - Gold down - NST moves - Software stocks jump.
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End of Day Report – Monday 1 June: ASX 200 slips 2pts - Tech stars - Healthcare and banks slide - Oil up 2.6% - Resources mixed.
The ASX 200 consolidated Friday’s gains with a loss of 2 point to 8729. Tech stocks were the star attraction, with REA up 1.5%, WTC up 8.7% and XRO rising 7.6%. The All-Tech Index rose 3.8%. Healthcare remains on the nose, with CSL dropping another 2.5% and RMD pummeled down 7.6%. REITs also slid, with CHC off % and SCG falling %. Banks were mixed, with CBA down 1.0% and WBC up 0.4%, leaving the Big Bank Basket down to $271.87 (-0.6%). Financials were mostly better, with ZIP ra...
Pre-Market Report – Monday 1 June: US markets push higher - SPI down 33 - Quiet day ahead - No peace news
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End of Day Report – Friday 29 May: ASX 200 up 139 - 0.9% this week - The hard way - BHP soars - Peace hopes - Oil falls - CBA drags banks higher.
The ASX 200 jumped 139 points to close the week at 8732 (+1.6%) on a very firm note as hopes built that there will be some resolution, or at least an extension of the ceasefire in the Middle East. There seemed to be a lot of short covering around today after the 125-point fall yesterday. We reversed that today, with the banking sector bouncing back hard, with CBA up 2.2%, NAB up 0.6%, and the Big Bank Basket up to $273.55 (+1.6%). Financials across the board bounced, with MQG up 1.1%, and even ASX rallying slightly, but it...
Pre-Market Report – Friday 29 May: US markets hit more records - Peace deal?- SPI up 52 - Gold up - Oil down
The S&P 500 and Nasdaq Composite closed at records on Thursday as tech resumed its leadership, and traders weighed a reported agreement between U.S. and Iranian negotiators to extend the ceasefire.
The broader index gained 0.58% to 7,563.63, while the Nasdaq Composite rose 0.91% to 26,917.47. Both indexes also hit intraday all-time highs. The Dow Jones Industrial Average was higher by 0.05% at 50,668.97.
Tech stocks rallied Thursday, after a strong earnings outlook from Snowflake revived enthusiasm around the AI trade. Shares soared 36.5%, posting its best day ever after the cloud-based data platform provider issued rosy fiscal second quarter guidance.
End of Day Report – Thursday 28 May: ASX 200 drops 125 pts - Banks and Gold on the nose - Oil jumps 3%
The ASX 200 took a dive today, down another 125pts at 8593 (1.4%), as the peace deal in the Gulf is starting to slide away. Banks and gold bore the brunt of the selling, with CBA off 2.1% and WBC down 1.3%, with the Big Bank Basket at $269.32 (-1.9%). Insurers also fell hard, QBE down 2.8% and IAG off 1.6%, with financials generally easier, while ASX continues lower.
REITs also fell as bond yields rose, GMG off 1.2% and SCG down 0.8%. Old-school platforms remained under pressure, SEK...
Pre-Market Report – Thursday 28 May: US Markets mixed - Dow hits record - Chips take a bfeather - Oil down 5% - SPI down 38 - Gold slips
The Dow Jones Industrial Average rose to a new record on Wednesday as oil prices retreated, while the S&P 500 eked out a tiny gain, with chip stocks keeping the index’s gains in check.
The 30-stock Dow gained 182.60 points, or 0.36%, for a record close of 50,644.28. The blue-chip index also hit an intraday all-time high. The broad market S&P 500 ticked 0.02% higher to 7,520.36, another closing record. The Nasdaq Composite also edged up 0.07% to end at 26,674.73.
A decline in oil prices lent the Dow some support. U.S. crude oil fell 5.55% to settle at $88.68 a barrel af...
End of Day Report – Wednesday 27 May: ASX 200 surges 60 points on CPI beating forecasts - Oil down - US Futures up a tad - NUF jumps
The ASX 200 started slowly with early losses, but after a benign and better-than-expected CPI read, the bulls were back. The ASX 200 closed up 60 points at 8718 (0.7%). Banks fought back from bigger early losses, with CBA up modestly and WBC down 0.6X%. The Big Bank Basket unchanged at $275.52, whilst other financials improved, with MQG up 1.0%. IFT was having a good day on some broker upgrades, up 5.8%, and HUB was doing well too, up 2.0%. A horror run continued for ASX as it fell another 9.7% on the news yesterday...
Pre-Market Report – Wednesday 27 May: US markets head hugher -S&P 500 at new recoerd - Micron leaps - SPI down 3 - Gold miners better - Oil up - Inflation numbers today
The S&P 500 gained 0.6% on Tuesday and the Nasdaq climbed 1.2% to fresh record highs while the Dow Jones finished 118 points lower as investors returned from the long weekend with continued focus on developments in the Middle East. Markets remained cautiously optimistic that the US and Iran could still reach an agreement, with traders viewing the two sides as closer than ever to a deal despite mixed signals and further strikes. Technology, industrials, and materials led the market higher, while energy and consumer staples stocks posted the steepest declines. Among individual movers, Micron Technology surged 19.3%, pushing its market capitalisation above $1...
End of Day Report – Tuesday 26 May: ASX 200 falls 34 - ASX Ltd drops 13% on cost blow out - Gold slips - Oil rises - US Futures up
The ASX 200 eased back 34 points today to 8658 (0.4%) in a quiet session, with US and UK markets closed last night. The banking sector was modestly lower, with NAB falling 0.8% and some more profit taking in MQG down1.6%. The Big Bank Basket $274.56 (-0.3%). Financials generally were under pressure as ASX revealed a further blowout in capex, and the shares fell hard, down 13.2%. Elsewhere, industrials were generally weaker across the board: TLS fell 0.9%, REA down 0.7%, and in the health care sector, CSL continued to push lower. REITs also eased back...
Pre-Market Report – Tuesday 26 May: US UK markets Closed - SPI up 24 - Oil stays down - US Futures up 400
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End of Day Report – Monday 25 May: ASX 200 up 35 - Gold jumps - Oil and gas falls - Banks steady - US Futures up strongly - Oil down 5%
The ASX 200 kicked off the week up 35 points to 8692 (0.4%) as optimism on a peace deal washed through. Some scepticism remains, so it was a cautious start to the week. US markets are closed tonight. Banks held firm as NAB rose 1.1% and CBA dropped 0.7%. The Big Bank Basket was steady around $275.42. Insurers slid as yields fell, QBE off 2.1% and MQG lost 1.1%. Other financials were mixed, ASX down 1.2% with HUB up 2.4%. REITs were mixed too, GMG down 0.8% but CHC doing well on an...
Pre-Market Report – Monday 25 May: US Markets push higher - Peace deal in sight - US Futures higher - Oil down 5.4% - US market closed tonight.
Wall St ended a positive week on a steady note, with the S&P 500 finishing up 0.37% to close at 7,473, capping off an eighth straight weekly gain - the longest weekly winning streak since 2023. The index sits just 0.3% below its all-time high. The Dow Jones added 294 points (+0.58%) to close at a record high. The Nasdaq was up 0.19%. The Russell 2000 added 0.91%.
Hawkish comments from Fed Governor Waller and a jump in longer-term inflation expectations saw the market dip in the afternoon with the Dow Jones up 545 at best. Waller said his current position is to hold rates...
