The ASX 200 is up 30 points (+0.4%) at 7499 points following higher-than-expected US GDP growth. All sectors are mostly up, with Tech up 1.8%. Gold taking a hit on fears the Fed may keep interest rates higher for longer, down 1.1%. Tech sector is the best performer, Info-Tech up 1.8% and the All Tech Index up 1.4%. Resources are up 0.4% as quarterly results continue to roll in. Staples +1.1%, Materials +0.6%, and Utilities +0.6%. The banks performing well, the Big Bank basket up 0.6% to $189.79. Fortescue Metals Group (FMG) up 1.2% after quarterly results announcing record iron ore shipments. Tyro Payments (TYR)up 4% after giving Potentia, 4 weeks to perform due diligence. US results season in full swing - Diary here. Dow Futures are down 33 points, and NASDAQ Futures are down 55 points.
Our member exclusive podcast – as all brokers start the day, the format is to have a quick look at the overnight markets, consider what's coming up in the day ahead, hear from the analysts, share ideas and get set up for the day's stock market activity.
