Australian Indices Reflected Cautious Tone Post Fed Meet

On 17th June 2021, ASX indices ended in red after the Fed meeting signalled the tightening of policies. In the statement, policymakers are expected to increase the interest rate by 2023 changing its existing policies. Notably, ASX 20 declined by 0.09% to 4,172.90 and ASX 200 fell by 0.37% to 7,359.00. Also, ASX MIDCAP50 decreased sharply by 1.34%. 

Data Source: ASX; Table Source: Copyright © 2021 Kalkine Media

ASX Midcap 50 Outperformed Rest of Indices:

ASX 200 Index settled at 7,359.00, showing a growth of ~22.82% in 1 year. Also, ASX Midcap 50 Index and ASX Small Ordinaries Index settled at 8,823.80 and 3,335.30 points, respectively.

S&P/ASX 200 vs S&P/ASX Midcap 50 Index vs ASX Small Ordinaries Index – One Year Return

Source: REFINITIV

Gainers and Losers:

Whitehaven Coal Limited (ASX: WHC) updated its FY 2021 production guidance from the range of 20.6-21.4Mt to 20.4Mt. It has also reaffirmed the managed coal sales as well as unit costs guidance.

In the release dated 15th June 2021, Bank of Queensland Limited (ASX: BOQ) made an announcement that the quarterly APRA Basel III Pillar 3 report which relates to the period ended 31 May 2021 might include the decrease in the collective provision of $75 Mn.

Data Source: ASX; Table Source: Copyright © 2021 Kalkine Media

Movements on Wall Street:

On 16th June 2021, NASDAQ Composite fell 0.24% to 14,039.68. Notably, Dow Jones Industrials Average declined 0.77% to 34,033.67.

Note: The reference data in this article has been partly sourced from REFINITIV


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   

Kalkine

Rated 4.3/5 based on 904 Reviews at Google My Business
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK