ASX 200 to bounce after worst weekly performance since Sep-23, S&P 500 extends selloff

LiveWire04-22

ASX 200 futures are trading 27 points higher, up 0.35% as of 8:30 am AEST. Source: Market Index S&P 500 SESSION CHART S&P 500 sold off from breakeven open to finish near worst ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nASX 200 to bounce after worst weekly performance since Sep-23, S&P 500 extends selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-22 06:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/asx-200-to-bounce-after-worst-weekly-performance-since-sep-23-s-p-500-extends-selloff><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX 200 futures are trading 27 points higher, up 0.35% as of 8:30 am AEST.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nS&P 500 SESSION CHART\n\n\n\n\n\n\n\n\n\n\nS&P 500 sold off from breakeven open to finish near worst ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-to-bounce-after-worst-weekly-performance-since-sep-23-s-p-500-extends-selloff\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7105","symbol_name":"多领域控股","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/asx-200-to-bounce-after-worst-weekly-performance-since-sep-23-s-p-500-extends-selloff","article_id":"2429954086","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/asx-200-to-bounce-after-worst-weekly-performance-since-sep-23-s-p-500-extends-selloff","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2429954086","pubTimestamp":1713739294,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"ASX 200 futures are trading 27 points higher, up 0.35% as of 8:30 am AEST.S&P 500 sold off from breakeven open to finish near worst levels . Equal-weighted S&P finished in positive territory and outperformed by over 100 bps, reflecting tech-led selloff. US equities finished mostly lower last week, led by the Nasdaq , S&P 500  and Russell 2000  while the Dow rose 0.01%. Market struggled to shake off the hawkish repricing of Fed rate cut expectations and heightened war tensions in the Middle East. Global equities added to last week's US$19.6bn outflow with another US$9.1bn outflow, according to EPFR data. Citi noted this week that of US$52bn long positions on S&P 500, 88% in a loss. High bar into tech earnings with group trading at 31x forward earnings . China driving gold rally with strong demand from individuals, funds and its central bank . ASX 200 set to open higher after a 2.84% drop last week, which marked its worst weekly performance since mid-September 2023.Sectors to watch on Mo","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7105":"多领域控股","AFR.AU":"African Energy Resources Ltd","BK4581":"高盛持仓","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","BK4504":"桥水持仓","PDN":"Invesco FTSE RAFI Developed Markets ex-U.S. Small-Mid ETF","NAM.AU":"NAMOI COTTON LTD","BK7030":"航空公司","BK7507":"资源股","SPXU":"三倍做空标普500ETF","MFF.AU":"MFF CAPITAL INVESTMENTS LTD","COH.AU":"COCHLEAR LTD","GOW.AU":"GOWING BROS LIMITED","ORG.AU":"ORIGIN ENERGY LTD","BK7006":"电力公用事业","UPRO":"三倍做多标普500ETF","AIZ.AU":"AIR NEW ZEALAND LTD","OEX":"标普100",".SPX":"S&P 500 Index","BK7130":"综合性石油与天然气企业","SPY":"标普500ETF","OEF":"标普100指数ETF-iShares","BK7007":"医疗保健设备","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IVV":"标普500指数ETF","AIZ":"安信龙保险","BK7083":"煤与消费用燃料","BK7509":"中概股","BK7064":"综合支持服务","BK4559":"巴菲特持仓","ORG":"The Organics ETF","BK4588":"碎股","BK4550":"红杉资本持仓","FT":"富兰克林通用信托","PDN.AU":"PALADIN ENERGY LTD","SSO":"两倍做多标普500ETF","VOO":"Vanguard标普500ETF","BK4117":"多元化保险"},"translate_title":"ASX 200指数在9月23日以来最糟糕的周表现后反弹，标普500延长抛售","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFR.AU":1,"VOO":1,"SPY":1,"PDN.AU":1,"PDN":1,"ORG.AU":1,"ORG":1,"NAM.AU":1,"MFF.AU":1,"GOW.AU":1,"FT":1,"COH.AU":1,".SPX":1,"AIZ":1,"AIZ.AU":1,"UPRO":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"OEX":0.6,"OEF":0.6,"IVV":0.6,"ESmain":0.6},"content_text":"ASX 200 futures are trading 27 points higher, up 0.35% as of 8:30 am AEST.\n\n\n\n\n\n\n\n\n\n\nSource: Market Index\nS&P 500 SESSION CHART\n\n\n\n\n\n\n\n\n\n\nS&P 500 sold off from breakeven open to finish near worst levels (Source: TradingView)\n\nMARKETS\n\n\nS&P 500 and Nasdaq lower last Friday and finished near worst levels despite opening in positive territory\n\nEqual-weighted S&P finished in positive territory and outperformed by over 100 bps, reflecting tech-led selloff\n\nUS equities finished mostly lower last week, led by the Nasdaq (-5.5%), S&P 500 (-3.05%) and Russell 2000 (-2.77%) while the Dow rose 0.01%\n\nMarket struggled to shake off the hawkish repricing of Fed rate cut expectations and heightened war tensions in the Middle East\n\nGlobal equities added to last week's US$19.6bn outflow with another US$9.1bn outflow, according to EPFR data\n\nCiti noted this week that of US$52bn long positions on S&P 500, 88% in a loss\n\nStrategists say tech selloff driven by expectations toward slower earnings growth (FT)\n\nHigh bar into tech earnings with group trading at 31x forward earnings (Bloomberg)\n\nChina driving gold rally with strong demand from individuals, funds and its central bank (Bloomberg)\n\nUS junk bond funds experience biggest outflow in 14 months amid spike in Treasury yields (Bloomberg)\n\nASX TODAY\n\n\nASX 200 set to open higher after a 2.84% drop last week, which marked its worst weekly performance since mid-September 2023.\n\nASX 200 somewhat bounced last Friday, finishing the session down -0.98% from session lows of -1.96%\n\nSectors to watch on Monday include banks (Citi downgraded major Australian banks), copper miners (copper prices hit US$4.5/lb overnight), nickel miners (nickel prices rallied 5.5% to hit highest since Sep-23), tech (tech-led selloff on Wall Street overnight) and airlines (Air New Zealand downgraded its FY24 earnings) \n\nAir New Zealand cuts full-year guidance on deteriorating economic and operational conditions (AIZ)\n\nCettire's major holder LHC sells stake (AFR)\n\nCochlear receives FDA clearance to lower age for the Osia to 5-years old (COH)\n\nKKR named preferred bidder for Perpetual’s Corporate Trust and Wealth Management units, suggests EQT is no longer in contention (The Aus)\n\nOrigin Energy CEO Frank Calabria discloses sale of ~211,000 shares (ORG)\n\nPaladin Energy completes ten-for-one- share consolidation (PDN)\n\nBROKER MOVES\nA few broker notes of interest - Most have come out after market close on Friday.\n\n\nANZ downgraded to Sell from Neutral; target remains $26.00 (Citi)\n\nGoodman Group downgraded to Neutral from Overweight but target increased to $30.00 from $28.00 (Barrenjoey)\n\nKaroon Energy downgraded to Sector Perform from Outperform; target cut to $2.25 from $2.30 (RBC Capital Markets)\n\nLovisa initiated Buy with $39.00 target (Jefferies)\n\nNetwealth downgraded to Sell from Neutral at Citi but target increased to $18.65 from $18.35 (Citi) \n\nPilbara Minerals downgraded to Underweight from Neutral; target cut to $3.10 from $3.25 due to valuation (JPMorgan)\n\nWestpac downgraded to Sell from Neutral; target remains $22.25 (Citi)\n\nWhitehaven Coal upgraded to Add from Hold; target increased to $8.90 from $7.75 (Morgans)\n\nINTERNATIONAL STOCKS\n\n\nNetflix subscriber growth easily tops estimates following password sharing crackdown, but revenue forecast underwhelms (Bloomberg)\n\nApple removes WhatsApp and Threads from China app stores at request of China's internet regulator (Bloomberg)\n\nGoogle announces workplace restructure to streamline rollout of AI products (FT)\n\nAmerican Express shares soar on earnings beat, US consumer spending increased 8% from a year earlier (Barron’s)\n\nTesla cuts prices on cars by US$2,000 and FSD software by a third (Bloomberg)\n\nCENTRAL BANKS\n\n\nAtlanta Fed President Bostic doesn't believe it is appropriate to ease until towards end of 2024 (Bloomberg)\n\nMinneapolis Fed President Kashkari says rates could potentially remain unchanged in 2024 (Bloomberg)\n\nBOJ Governor Ueda reaffirms potential policy change if yen weakness pushes up inflation (Reuters)\n\nECB's Simkus says several rate cuts are most likely but does not need to chart the course precisely (Reuters)\n\nChina to leave benchmark lending rates unchanged on Monday (Reuters)\n\nGEOPOLITICS\n\n\nIsrael carefully calibrated its response to reduce the risk of escalation (NY Times)\n\nIsrael strikes targets inside Iran, according to US officials (NY Times)\n\nUS and Israel held a high-level virtual meeting about a possible Israeli operation in Rafah (Axios)\n\nECONOMY\n\n\nJapan CPI cools more than expected as 'core core' measure falls below 3% for first time since Nov-2022 (Reuters)\n\nUK retail sales miss expectations in March on high prices (Bloomberg)\n\n\n\n\n\n\n\n\n\n\n\n\nUS-listed sector ETFs (Source: Market Index)\nKEY EVENTS\nCompanies trading ex-dividend: \n\n\nMon 22 April: MFF Capital (MFF) – $0.06\n\nTue 23 April: Naomi Cotton (NAM) – $0.01 \n\nWed 24 April None\n\nThu 25 April: None\n\nFri 26 April: None\n\nOther ASX corporate actions today: \n\n\nDividends paid: Gowing Bros (GOW) – $0.03 \n\nListing: None\n\nEconomic calendar (AEST):\nNo major economic announcements today.\nThis Morning Wrap was written by Kerry Sun. \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/2429954086"}