Shares for Oklo Resources Ltd [ASX:OKU] are up close to 22% for the week, increasing from $0.16 on Monday and closing at $0.205 yesterday. But at time of writing, the Oklo share price has shed…
The Rum Rebellion analyses the Aussie stock market from a perspective you won’t get in the mainstream business pages.
The ASX — what factors make it go up and down?
The Australian Stock Market (ASX) is heavily influenced by the banking sector (financials make up around one-third of the index’s value) and the resource sector.
The ASX also frequently moves based on events in the US and Chinese stock markets. In the US, there are three main indices. These are the S&P 500, the Dow Jones Industrial Average (DJIA) and the Nasdaq Composite. The S&P 500 is an index of the top 500 companies in the US, the DJIA includes 30 of the largest and most influential companies (generally blue-chip, dividend stocks), while the Nasdaq is the tech stock index and includes big names like Intel, Google, Facebook, Apple and Amazon.
In addition to the US markets, we look at Chinese economic data to get a gauge on which way the Chinese economy is heading. This weighs heavily on the fortunes of our resource sector, in particular major miners like FMG, Rio Tinto and BHP, who rely on Chinese demand for iron ore. Iron ore accounts for upwards of 20% of Australian exports, so this is a key bellwether for us.
We also look to other major markets, such as Europe and Japan, who are both important trading partners. With loose monetary policy, European and Japanese stock markets can act as leading indicators for global economic growth (or lack thereof).
Stock Market News and Updates — Our Approach
While all of these factors are obviously important, there is plenty of stuff going on ‘under the hood’, so to speak. We seek to highlight these opportunities, as well as alert you to the danger signs.
To do this, we use charts in our analysis. A picture is worth a thousand words and a chart contains a wealth of information about a stock, sector or index as a whole. So on the days that we’re talking about stocks or stock markets, we’ll throw in a few charts to show you what we’re talking about. This is because charts help you to cut through the noise and opinions, and show you what is really going on in the markets.
By following the stock market updates in this section, you can latch onto emerging market trends and stay up to date on the latest announcements affecting share prices.
The surge in demand has seen many pot stocks outperform the wider market over the past few weeks. Clearly pot stocks haven’t been immune to the wider market sell-off.
As reported in Fortune magazine on 29 November 2019 (emphasis added):‘Quite simply: TINA, or “There Is No Alternative”— to equities. TINA was simply the worst advice people could have listened to.
On Monday, the index of the top 200 Aussie stocks shattered its previous record for a single day’s gains. In a sign of the historic volatility embroiling markets, the previous record was only just set…
Classic Minerals Ltd [ASX:CLZ] is on the news today after announcing the discovery of ‘very high-grade’ gold. The company intersected very high-grade gold on the north along strike at Kat Gap.
At the tail end of last week, the mainstream financial news trumpeted the rebound. We were told, this was the shortest bear market in Wall Street history. (A bear market is when a stock index…
Some of the biggest winners when this is over could be in areas like manufacturing, production, logistics and infrastructure…
Those who think the current conditions are a signal to ‘buy, buy’, are probably going to be waving ‘bye-bye’ to their capital in the months and years to come.
Northern Star Resources Ltd’s [ASX:NST] share price is down 15.67% today. The share price closed at $13.50 yesterday and is trading at $11.39 at time of writing.Northern Star is an Australian gold explorer and producer…