0 seconds of 1 minute, 53 secondsVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
01:53
01:53
 
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

The ASX200 is expected to pick up around a half a per cent this morning.

US markets showed nerves ahead of the US interest rates policy decision due overnight. It’s one year since rates there were last lifted, the wide consensus amongst analysts is that rates won’t shift down until at least September.

So there was that, a miss in Microsoft’s earnings report, and, the chip sector pulling the Nasdaq down 1.3%, with market darling Nvidia losing 7%. The S&P500 shed half a per cent, but the Dow Jones bucked the trend adding the same (0.5%).

CPI and retail trade data due

Important data’s due out from the Australian Bureau of sStatistics this morning, Consumer Price Index (CPI) and retail trade figures that will likely provide more clues as to what will happen with our interest rates here next Tuesday.

Rio Tinto posts 1% higher sales revenue

Rio Tinto (ASX:RIO) has just delivered its half yearly results. Its sales revenue was up 1%, its net earnings were up 14%, but RIO’s dividends will stay unchanged at $1.77 a share. It is heralding an increase in copper production of about 2% this year.

But that comes with the copper price continuing to slide, down 7.8% for the month to $4.07 a pound. It’s now only 1.6% above where it was a year ago.

Day 2 on market for WA family marine business

It’s day two on market for Bhagwan Marine (ASX:BWN) which listed yesterday and traded between 62 cents and 67 cents.

The Marine Services company raised $80 million in its IPO with 63 cent shares. The company was founded by the Kannikoski family in Geraldton with a single vessel in 2000. The company expects to deliver an EBITDA of $39.5 million to $40.5 million for its FY24 results due late August.

$ and commodities

One Australian dollar is buying US65.3 cents.

Gold’s up a per cent to $2409.70 an ounce, iron ore’s just above $106.50 ($106.59) a tonne, brent crude has been trading around $79 a barrel as and natural gas is at $2.12 a gigajoule.

More From The Market Online
The Market Online Video

ASX Market Close: Sentiment getting better with finish over 7,900pts

Good afternoon and welcome to HotCopper’s Market Close for Thursday, I’m Jonathon Davidson.It was another better-looking…
HotCopper Podcast Graphic which reads Episode 005 with copy about the markets being in the red.

Listen: HotCopper Podcast 005 – It’s red, red, red everywhere we look this week

In this HotCopper podcast episode, we talk through WA Labor's third-term victory and the mega-sized ASX…
The Market Online Video

ASX Market Open: Fed’s ‘two cut’ call shoots more hope into Week 12 rally | March 20, 2025

Futures say Australian shares will rise as much as 0.8% this Thursday morning, with a big jump at open likely to push th…
HotCopper Podcast Graphic which reads Episode 006 with copy about the markets being in the red.

Listen: HotCopper Podcast 006 – What comes first, the bear market or the election?

Welcome to this week’s HotCopper Wire, our market watch podcast!