The RBA is set to release its February monetary policy decision on February 18. The market now sees a 90% chance of a 25 basis point rate cut, which would bring the cash rate down from 4.35% to 4.10%. If the RBA cuts rates in February, it would mark the first rate cut since the cash rate was raised to 4.35% in November 2023, and the first in over four years, signaling Australia's official entry into a rate-cutting cycle. RBA rate cu...
US stocks are caught with battles of bulls vs bears, awaiting Mag-7 full picture before making a big move Well, US stocks had a negative session. Markets rubbed out almost half of the prior day’s gains. The Nasdaq 100$NASDAQ 100 Index (.NDX.US)$and S&P 500$S&P 500 Index (.SPX.US)$held up off their lows, but the bulls are battling...
Tonyco
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Again, FSD is not legal in US. Select states allow it for testing. idk why ppl keep forgetting this with Tesla. Overvalued. As for Meta, they're also overvalued. User metrics are unregulated- meaning nothing stops bots and fake accounts from padding their growth. They claim 5% are bots. If you dig a little before they canned their moderation teams anywhere from 1.5B to 1.6B bots were deleted per quarter, then it slowly dropped down to 700M in Q423 as they changed their reporting. Pretty sure bots didn't just shrug and move to Twitter. Estimates range from 30% to 60% total Facebook users are fake. People will eventually begin to get suspicious. Nobody uses them anymore. How are they still growing users? 1 billion AI users??? LOL
With earnings season out of the way in the US and Australia the focus for investors has once again moved on to economic data and commodity price action. Last week we saw Eurozone and US markets briefly make new record highs before closing off those highs on the back of a slightly hotter than expected US inflation report and messy US retail sales data that was below expectations. The$Dow Jones Industrial Average (.DJI.US)$fell 0.02%, the$S&P 500 Index (.SPX.US)$lost 0.13...
G'day, mooers! Check out the latest news on today's stock market! • S&P 500 hits another record high • ASX edges up, gold miners rally • Stocks to watch: Genex Power, Evolution Mining, Fletcher Building Wall Street Summary The stock market Friday continued playing the hits: Nvidia reached new heights, and the S&P 500 notched its 15th record high of the year. It helped the index log its 16th weekly gain in the past 18 weeks. All three major index...
REA Group's CEO expects income-tax cuts and a halt in interest rate hikes to boost consumer confidence and property demand. He also foresees tax cuts increasing consumers' borrowing capacity, further supporting property demand.
Quick macro take, US CPI revision, RBA to hold The all-important US CPI revisions will be on watch on Feb 9 while US initial jobless claims will be released on Feb 8 (and are expected to rise). While in Australia, the RBA meets on Feb 6 with a hold at 4.35% widely expected. Here is what to expect and consider. In the US; we know the Fed Fund Futures are now pricing a Fed interest rate cut in May, inst...
G'day, mooers! Check out the latest news on today's stock market! • Utilities stocks lead decline • ASX falls; News Corp dips 0.3% • Stocks to watch: News Corp, REA Group - Moomoo News AU Wall Street Summary The S&P 500's shot at its longest winning streak since 2004 appeared within grasp for much of Thursday's trading session. Then Federal Reserve Chair Jerome Powell and the Treasury market crashed the party. Major in...
REA Group Ltd Stock Forum
Top losers: $Audinate Group Ltd (AD8.AU)$, $Capricorn Metals Ltd (CMM.AU)$ and $REA Group Ltd (REA.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ fell steeply lower by 1.8 per cent, or 146.5 points, closing at 7948.2. This marked its second-largest weekly decline of the year. The stock market plunged...
Top losers: $Spark New Zealand Ltd (SPK.AU)$, $REA Group Ltd (REA.AU)$ and $Codan Ltd (CDA.AU)$
The Australian sharemarket ended at a five-week low, with the $S&P/ASX 200 (.XJO.AU)$ dropping 0.32% to 8296.20. This decline was largely driven by a signi...
If the RBA cuts rates in February, it would mark the first rate cut since the cash rate was raised to 4.35% in November 2023, and the first in over four years, signaling Australia's official entry into a rate-cutting cycle.
RBA rate cu...
Well, US stocks had a negative session. Markets rubbed out almost half of the prior day’s gains. The Nasdaq 100 $NASDAQ 100 Index (.NDX.US)$ and S&P 500 $S&P 500 Index (.SPX.US)$ held up off their lows, but the bulls are battling...
Last week we saw Eurozone and US markets briefly make new record highs before closing off those highs on the back of a slightly hotter than expected US inflation report and messy US retail sales data that was below expectations.
The $Dow Jones Industrial Average (.DJI.US)$ fell 0.02%, the $S&P 500 Index (.SPX.US)$ lost 0.13...
• Top losers: $Neuren Pharmaceuticals Ltd (NEU.AU)$, $Paladin Energy Ltd (PDN.AU)$, $REA Group Ltd (REA.AU)$
Australia's $S&P/ASX 200 (.XJO.AU)$ closed 0.2% lower at 7713.6, with bank stocks proving a drag as the Reserve Bank of Australia appeared to be holding back on offering meaningful guidance to markets on the dire...
• S&P 500 hits another record high
• ASX edges up, gold miners rally
• Stocks to watch: Genex Power, Evolution Mining, Fletcher Building
Wall Street Summary
The stock market Friday continued playing the hits: Nvidia reached new heights, and the S&P 500 notched its 15th record high of the year. It helped the index log its 16th weekly gain in the past 18 weeks.
All three major index...
The all-important US CPI revisions will be on watch on Feb 9 while US initial jobless claims will be released on Feb 8 (and are expected to rise). While in Australia, the RBA meets on Feb 6 with a hold at 4.35% widely expected. Here is what to expect and consider.
In the US; we know the Fed Fund Futures are now pricing a Fed interest rate cut in May, inst...
• Utilities stocks lead decline
• ASX falls; News Corp dips 0.3%
• Stocks to watch: News Corp, REA Group
- Moomoo News AU
Wall Street Summary
The S&P 500's shot at its longest winning streak since 2004 appeared within grasp for much of Thursday's trading session. Then Federal Reserve Chair Jerome Powell and the Treasury market crashed the party.
Major in...
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