Markets @ Midday - Monday 1st August - United Malt (UMG) & PointsBet (PBH)

01/08/2022

Markets @ Midday – Monday 1st August – United Malt (UMG) & PointsBet (PBH)

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Morning report 17/12/2025

The Match Out: ASX slips, Gold stocks rally

The ASX eased on Wednesday as softer oil prices and muted implications from US labour data was largely offset by strength in gold miners. We’ve got two more trading sessions before the majority of the market head for Christmas holidays, with next week’s trade likely to be very quiet.

Morning report 17/12/2025

Portfolio Positioning: A Christmas rally is running out of time

The ASX 200 dropped 0.4% on Tuesday, reversing early gains as the tech and energy sectors led the decline, falling by 2.5% and 2.2%, respectively. However, it was the miners that dragged the index lower, with the materials sector contributing more than 40% of the drop as profit taking rolled across the space. The selling was triggered on two fronts as global investors adopted an “if in doubt, get out” approach ahead of key US jobs data, and of course, Christmas.