ASX 200 set for worst session since April, S&P 500 tumbles on recession fears

LiveWire08-02

ASX 200 futures are trading 144 points lower, down 1.81% as of 8:30 am AEST. Source: Market Index S&P 500 SESSION CHART S&P 500 trends lower to finish near worst levels (Source: ...

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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 set for worst session since April, S&P 500 tumbles on recession fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-02 06:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/asx-200-set-for-worst-session-since-april-s-p-500-tumbles-on-recession-fears><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASX 200 futures are trading 144 points lower, down 1.81% 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\nS&P 500 trends lower to finish near worst levels (Source: ...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/asx-200-set-for-worst-session-since-april-s-p-500-tumbles-on-recession-fears\">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":"BK4575","symbol_name":"芯片概念","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/asx-200-set-for-worst-session-since-april-s-p-500-tumbles-on-recession-fears","article_id":"2456749670","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/asx-200-set-for-worst-session-since-april-s-p-500-tumbles-on-recession-fears","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2456749670","pubTimestamp":1722552546,"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"ASX 200 futures are trading 144 points lower, down 1.81% as of 8:30 am AEST.S&P 500 trends lower to finish near worst levels . Major US benchmarks flipped back to risk-off and finished not far from session lows. Russell 2000 posted its worst session since February. Semiconductor stocks had their worst session since 20 March, with Nvidia down 6.6%. Growth fears spike on weaker-than-expected US labour and manufacturing data, alongside buildup of consumer-softness commentary in earnings calls. Swaps traders fully pricing in three 25bp Fed cuts this year . Intel shares down 19% after hours after plans to cut 15% of its workforce and suspend its dividend, Q2 EPS was just 2 cents vs. 10 cents consensus . Toyota shares down 8%, profits jump after weak yen and robust demand in North America boosted sales . Bank of England cuts rates from 16-year high, 'careful on future moves' . US July ISM Manufacturing drops to 46.8 vs. consensus 48.9 or an 8-month low, the employment sub-index hit the lowes","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4575":"芯片概念","FT":"富兰克林通用信托","BK7062":"资产管理与托管银行","BK7113":"保健护理机构","PNI.AU":"PINNACLE INVESTMENT MANAGEME","AMH.AU":"AMCIL LIMITED","PRG.AU":"PRL GLOBAL LTD","BK4535":"淡马锡持仓","BK4082":"医疗保健设备","BK4166":"消费信贷","BK4533":"AQR资本管理(全球第二大对冲基金)","SQ":"Block","SQ2.AU":"Block Inc","SPY":"标普500ETF","BK4550":"红杉资本持仓","PSQ":"纳指反向ETF","INTC":"英特尔","BK7158":"交易和支付处理服务","PRG":"PROG Holdings, Inc.","META":"Meta Platforms, Inc.","BK4141":"半导体产品","PSQ.AU":"PACIFIC SMILES GROUP LTD","BK7095":"多种金属与采矿","BK4118":"综合性资本市场","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","QCOM":"高通","PCI.AU":"PERPETUAL CREDIT INCOME TRUS","NVDA":"英伟达","BKI.AU":"BKI INVESTMENT CO LTD","AMH":"American Homes 4 Rent","BK4512":"苹果概念",".SPX":"S&P 500 Index","BK4548":"巴美列捷福持仓","RMD.AU":"Resmed DRC","BK4529":"IDC概念","VOO":"Vanguard标普500ETF","IE0034235071.USD":"PINEBRIDGE EUROPE RESEARCH ENHANCED EQUITY \"A\" (USD) ACC","PNI":"PNI市政收益基金","MYG.AU":"MAYFIELD GROUP HOLDINGS LTD","BK4554":"元宇宙及AR概念","UBS":"瑞银","BK4515":"5G概念","RMD":"瑞思迈","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","BK7033":"数据处理与外包服务","LU0081259029.USD":"UBS (LUX) EQUITY FUND - 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Lots of bearish moving parts overnight – Heavy overnight session for commodities, markets front-running Fed rate cut expectations, megacap tech stocks heavy on capex concerns (plus Intel miss/layoffs) and weak US macro data.  \n\n\nUranium: The Global X Uranium ETF nosedived 7.7% overnight to close at a 9-month low. This should see local names open broadly lower. \n\nCopper: Copper prices took a sizeable hit overnight on growth concerns, down 2.3% to US$4.06/lb or the lowest since early April. \n\nLithium: Lithium-related ETFs fell around 3% overnight but the big story was from Albemarle. The lithium giant said “The market is not improving. It’s actually probably getting a little worse. We’re using the term ‘lower for longer’ from a pricing perspective.\" \n\nDefensives: S&P 500 sectors including Healthcare, Staples, Real Estate and Utilities all finished more than 1% higher overnight. Let's see if ours can offset some of the weakness that'll occur across everything else. \n\nBROKER MOVES\n\n\nBluescope Steel downgraded to Neutral from Overweight; target $23 (JPMorgan)\n\nCapricorn Metals upgraded to Buy from Overweight; target increased to $6.28 from $5.80 (Jarden)\n\nJupiter Mines initiated Buy with $0.40 target (Argonaut)\n\nNews Corp downgraded to Neutral from Buy; target cut to $46.30 from $36.78 (UBS)\n\nOrora downgraded to Neutral from Buy; target cut to $2.30 from $2.86 (Citi)\n\n\n\nKEY EVENTS\nCompanies trading ex-dividend: \n\n\nFri 2 Aug: Several ETFs trade ex-dividend today. See a full list here \n\n\nMon 5 Aug: PRL Global (PRG) – $0.05, Perpetual Credit Income Trust (PCI) – $0.007\n\nTue 6 Aug: BKI Investment Company (BKI) – $0.04\n\nWed 7 Aug: Amcil (AMH) – $0.03, Mayfield Group (MYG) – $0.02, Pacific Smiles (PSQ) – $0.07\n\nThu 8 Aug: None\n\nOther ASX corporate actions today: \n\n\nDividends paid: None\n\nListing: None  \n\nEarnings: ResMed (RMD), Block (SQ2), Pinnacle (PNI)\n\nAGMs: None\n\nEconomic calendar (AEST):\n\n\n11:30 am: Australia Home Loans (Jun)\n\n11:30 am: Australia Producer Price Index (Q2)\n\n10:30 pm: US Non Farm Payrolls (Jul)\n\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":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"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":"4.29.3","shortVersion":"4.29.3","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/2456749670"}