Daytrading October 28 afternoon, page-7

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28/10/15

13:15

Post #: 16272407
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Originally posted by highlandlad ↑

Thanks Brit and morning crew.

Half-time round-up:

Shares edged lower for a third day before rebounding as weak inflation data boosted the odds on a rate cut next week.

At 1pm EST the ASX 200 was six points or 0.1% ahead at 5352 and well above the session low of 5319 after the odds on a rate cut next Tuesday jumped from 28% to 52%, according to Citi Markets. The dollar dived more than half a cent to 71.28 US cents.

Consumer prices increased just 0.5% last quarter, versus expectations for a rise of 0.7%. Annual inflation was 1.5% (versus a predicted 1.7%). Core inflation also fell short at 0.3% for the quarter and 2.1% for the year (expectation: 0.5% for the quarter, 2.5% annual).

A mixed morning saw rises in health +1.6%, gold +1.4%, utilities +1.3% and telecoms +1% offset declines in metals & mining -1.2%, materials -0.6%, energy -0.4% and financials -0.2%.

US equity futures edged higher as Apple shares settled flat following this morning's after-market report. The share price bounced 0.61% in after-market trade, cancelling out a 0.63% slide during the regular session. Dow futures were recently up 18 points or 0.1%. S&P 500 futures were up 2.75 points or 0.18%. China's Shanghai Composite slid 0.26% in early trade and Hong Kong's Hang Seng 0.28%. Japan's Nikkei lifted 0.61%.

Crude oil futures recovered eight cents this morning to US$43.28 a barrel. Spot gold was 40 cents firmer at US$1,166.20 an ounce.

Slow week for index traders, I imagine, but plenty happening beneath the surface. The fact the XJO has held its ground has to be bullish - very little selling pressure/profit taking. Trading: needed patience on CAJ but it came good. Scalped something out of CTP. Dipped a toe in PEN - someone is taking anything offered below that blocking sell order. Also EMH.

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some rumours of funds getting there books in order for market %
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First 7 Last

Daytrading October 28 afternoon, page-7

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Immutep reports strong response rate from immunotherapies treating carcinomas

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Featured News

Featured News

Daytrading October 28 afternoon, page-7

Top Stories

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Immutep reports strong response rate from immunotherapies treating carcinomas

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

Bitcoin investors need to know the risks

Almonty locks in govt agreement for tungsten oxide plant in South Korea

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