ASX 200 to fall, S&P 500 lower as Nvidia fades early strength, gold rally continues

LiveWire03-11

ASX 200 futures are trading 47 points lower, as of 8:20 am AEDT. The ASX 200 is set to ease from record highs following a heavy overnight session for US stocks, the Dow closed out its worst week since...

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Bond yields continued to fall overnight, which may buoy yield-sensitive sectors like Real Estate and Utilities. Local tech stocks to face selling pressure after weak lead from Wall Street. Resources sector  also set for a weak start. Paladin Energy proposes ten-for-one share consolidation to better reflect the company’s position as an ASX 200 company and provide greater appeal to international investors. TPG in talks to acquire Techem from Partners Group . TSMC's Jan-Feb period sees 9.4% sales boost thanks t","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","CSL":"卡莱尔伙伴","BK4550":"红杉资本持仓","DSK.AU":"DUSK GROUP LTD","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","DHG":"DWS High Income Opportunities Fu","DHG.AU":"DOMAIN HOLDINGS AUSTRALIA LT","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","TRA.AU":"TURNERS AUTOMOTIVE GROUP LTD","RHC.AU":"RAMSAY HEALTH CARE LTD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","CSL.AU":"CSL LIMITED","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK7054":"投资银行业与经纪业","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","SPY":"标普500ETF","LU0097036916.USD":"贝莱德美国增长A2 USD","GDG":"Gadsden Dynamic Growth ETF","NVDA":"英伟达","BK4548":"巴美列捷福持仓","ADH.AU":"ADAIRS LTD","LU0170899867.USD":"EASTSPRING 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ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC"},"translate_title":"ASX 200指数下跌，标普500走低，英伟达早盘走弱，黄金涨势继续","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IFM.AU":1,"DHG":1,"DHG.AU":1,"DSK.AU":1,"FID":1,"FID.AU":1,"FT":1,".SPX":1,"GDG.AU":1,"GDG":1,"JYC.AU":1,"NVDA":1,"PTL.AU":1,"RHC.AU":1,"SCMP":1,"SPY":1,"SVW.AU":1,"TRA.AU":1,"CSL":1,"ADH.AU":1,"AFR.AU":1,"CSL.AU":1,"CRN.AU":1,"COG.AU":1},"content_text":"ASX 200 futures are trading 47 points lower, as of 8:20 am AEDT.\nThe ASX 200 is set to ease from record highs following a heavy overnight session for US stocks, the Dow closed out its worst week since October, Nvidia finished 5% lower despite soaring 5% in early trade, gold continues to run hot – Up for an eight straight session and US unemployment unexpectedly hit a two-year high of 3.9% in February.\nLet's dive in.\n\n\n\n\n\n\n\n\n\nSource: Market Index\n\n\n\n\n\n\n\n\n\nSource: Market Index\n\n\n\n\n\n\n\n\n\nSource: TradingView\nASX TODAY\n\nASX 200 set for a relatively heavy session after closing at record highs on Friday\nBond yields continued to fall overnight, which may buoy yield-sensitive sectors like Real Estate and Utilities\nLocal tech stocks to face selling pressure after weak lead from Wall Street\nResources sector (notably lithium, uranium) also set for a weak start\nPaladin Energy proposes ten-for-one share consolidation to better reflect the company’s position as an ASX 200 company and provide greater appeal to international investors\nKogan CFO and COO disclose sale of 2.0m shares at $8.0 per share\nTPG in talks to acquire Techem from Partners Group (Bloomberg)\nIngenia Communities sees interest from Warburg Pincus PE group (AFR) \n\nBROKER MOVES\n\nMAAS Group downgraded to Buy from Hold at Jefferies but target raise to $5.0 from $4.40\nSayona Mining upgraded to Speculative Buy from Hold at Canaccord Genuity with $0.06 target price \n\nMARKETS\n\nS&P 500 lower, faded from session highs of 0.62%\nNvidia reversal was the big story – Briefly rallied 5.1% to record high of $974.0 but finished the session down -5.55% to $875.3\nBond yields continued to fall, with the US 10-year Treasury yield down for a fourth straight session to lowest level since 5-Feb \nGold rallied for an 8th consecutive session, up to US$2,178 (down from session highs of US$2,195) \nMajor US benchmarks were mostly lower last week, led by the Nasdaq (-1.17%), Dow (-0.93%) and S&P 500 (-0.26%)\nSmall-cap Russell 2000 outperformed, finishing the week up 0.30%\nBig tech posted mixed performance last week, with Apple (-4.9% and Tesla (-13.4%) offsetting gains from Nvidia (+6.4%)\nBofA says global equities attracted another US$6.9bn inflows for week ended 6-Mar, marking a seventh straight week of inflows\n\nINTERNATIONAL STOCKS\n\nTSMC's Jan-Feb period sees 9.4% sales boost thanks to AI drive (Bloomberg)\nCostco shares sell off after Q4 earnings miss expectations (CNBC)\nGap shares rally on strong holiday-quarter results (CNBC)\n\nCENTRAL BANKS\n\nPowell suggests Fed nearly confident enough on inflation to begin rate cuts (Bloomberg)\nBOJ considers new quantitative policy framework and leaning toward exiting negative rates in March (Reuters)\nECB officials back Lagarde flag for likely cut in June (Bloomberg)\n\nGEOPOLITICS\n\nChina raising more than US$27bn for third chip fund in response to US attempts to restrain China's abilities (Bloomberg)\nHouse committee advances bill that would force ByteDance to divest TikTok (FT)\nBiden instructs military to create temporary port on Gazan coast for aid (Bloomberg)\nGaza ceasefire prospects dim amid Hamas' insistence on permanent truce (FT)\n7nm chip powering Huawei's Mate 60 relied on US technology (Bloomberg)\n\nECONOMY\n\nUS unemployment rate unexpectedly rises to two-year high of 3.9% (Reuters)\nCanada unemployment rate edges back up to 5.8% in February (Reuters)\nChina inflation rebounds thanks to holiday boom but deflation risks linger (SCMP)\nJapan household spending falls by most since Feb-2021 (Reuters)\nGerman industrial production rebounds in January (Bloomberg)\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nASX corporate actions occurring today:\n\nTrading ex-div: Adairs (ADH) – $0.05, Generation Development Group (GDG) – $0.01, Joyce Corp (JYC) – $0.11, Ramsay Healthcare (RHC) – $0.40, CSL (CSL) – $1.826, Coronado Global (CRN) – $0.005, COG Financial Services (COG) – $0.04, Seven Group (SVW) – $0.23, Dusk Group (DSK) – $0.025, Turners Automotive (TRA) – $0.056\nDividends paid: Infomedia (IFM) – $0.022, Prestal (PTL) – $0.06, Domain (DHG) – $0.02, Fiducian Group (FID) – $0.18\nListing: None\n\nEconomic calendar (AEDT):\nNo major economic announcements. \nThis Morning Wrap was published by Hans Lee. Kerry is away for the Victorian Labour Day public holiday.\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2418840646"}