The ASX 200 is down 16 points (-0.2%) after Fed dashes hopes for a 2023 pivot. Most sectors are down, Staples the best up 0.6% (yawn), and Resources the worst. Financials leading the way Banks are mostly up; the Big Bank Basket is up 0.6% to $186.27. Defensives performing poorly, Gold down 0.4%, Telecoms down 0.5% and Healthcare down 0.6%. Resources are down, with BHP down 0.1%, and RIO up 0.6%. Tech is down The All-Tech Index is down 0.4%. Woolworths Group (WOW) up 0.3% after acquiring a 55% stake in Petspiration. Pilbara Minerals (PLS) down 10.8% following its less than dazzling spodumene auction update. Dow Futures are up 90 points, and NASDAQ Futures are up 27 points. BoE Interest rate decision tonight.
Anyone who has been in broking will tell you that the Morning Meeting is how 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.
