Afternoon report 29/04/2025 17:49

The Match Out: Quarterlies provide a spark, ASX continues hot streak

Another strong session played out on the ASX today with the Australian Futures market not to be relied on, indicating a 16pt rise pre-open, the market exploded out of the gates as a slew of solid quarterly production reports from the mining sector provided a spark with BHP, Fortescue and Rio accounting for ~25% of the total index gain.

Morning report 29/04/2025 11:53

What Matters Today: Three ASX stocks very exposed to a global slowdown

The ASX200 struggled to hold onto early gains on Monday, not helped by weakness across US Futures and local heavyweights CBA and BHP. The market ultimately finished up 28-points after surrendering ~65% of the early gains, but over 70% of the main board closed higher, led by strong moves across the energy and tech sectors.

Afternoon report 28/04/2025 16:38

The Match Out: ASX limps into the close after a strong open

The ASX opened with a bang this morning hitting a 8051 high early on – up ~80pts, taking the rally from the April 7 low to +882pts/12.3%. However, profit taking emerged from mid-morning with the index losing ~70% of the morning gains.

Morning report 28/04/2025 09:32

Macro Monday: Good old-fashioned earnings drive stocks higher

Last week saw the S&P 500 enjoy its longest advance since January, rising +4.6%, taking the index back above the psychological 5500 level. After an exceptionally volatile month, the index is less than 2% below where it exited March, while the tech-based NASDAQ is actually higher.

Afternoon report 24/04/2025 16:48

The Match Out: ASX gains while US & China play chicken on trade policy

The ASX charged upward once again today, with 5 out of the last 7 sessions ending higher as investors continue to bank on rhetoric out of the Whitehouse that a deal getting done between the US and China is only a matter of time.

Morning report 24/04/2025 11:55

What Matters Today: As gold plunges, which stocks does MM like & where?

The ASX 200 sprang out of the blocks on Wednesday after the stunning reversal on Wall Street following bullish rhetoric from US President Donald Trump and Treasury Secretary Scott Bessent. The local index may have drifted slightly in the afternoon, but it still closed up over 100 points on broad-based gains outside of the gold sector - more on this later.

Afternoon report 23/04/2025 17:25

The Match Out: ASX moves higher on US-China trade talk optimism

Energy and mining stocks led the ASX higher, driven by hopes that tariffs on China could be less severe than first thought after a softer tone toward negotiations from US Treasury Secretary Scott Bessent overnight. A deal isn’t done, nor have discussions started between the world’s two largest economies, but the market took an inch and ran a mile.

Morning report 23/04/2025 09:41

Portfolio Positioning: Scott Bessent installs market calm after the Easter weekend’s ructions

The ASX200 slipped just 0.03% on Tuesday, a big win considering the Dow tumbled almost 1000 points on Monday night. However, the market internals weren’t as strong, with over 75% of the ASX200 closing lower, but when CBA surges +4.2% and BHP, Westpac & Macquarie play minor supporting roles, the local index will find it hard to fall far.

Afternoon report 22/04/2025 17:31

The Match Out: ASX drops then pops, MQG sells global investment arm

After a four-day break over the long weekend, the ASX returned to trading this morning, following two sessions on Wall Street during its downtime. Australian futures markets remained closed through the break until 9:50am, opening down and trying to digest pent up sentiment from the weekend after US President Donald Trump criticised Federal Chair Jerome Powell for not cutting interest rates.

Morning report 22/04/2025 09:50

Macro Monday, on Tuesday: Trump’s focus on Jerome Powell creates further investor angst

Less than a month after “Liberation Day”, fresh economic data and growth forecasts are set to reflect increased consumer nervousness, both today and moving forward. The International Monetary Fund (IMF) will lower its outlook for economic growth with its updated projections released on Tuesday – the only question being how much.