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End of Day Report

Marcus Padley

Marcus Today

What happened today? ASX 200 up 103.6 points to 4980.4 as yesterday's losses are reversed. Resources and energy stock lead the charge on a weaker USD. Banks bounce on positive Clydesdale reception. China winding down for New Year, up 0.84% as Japan slips 0.88%. US futures up 67. Yesterday never happened as bears punished. A huge bounce today as confidence returned and the ‘risk on’ trade was back. Wall Street obliged with a rally and more important for resources, the fall in the USD was the big driver for underlying commodities and relief was palpable. Course Andrew Robb will credit the TPP signed today. Read more - (VIEW LINK)

Marcus Padley
Marcus Today

Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...

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