Virgin Money UK (VUK)

24/11/2022

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Afternoon report 20/05/2026

The Match Out: ASX hit again as stubbornly high bond yields weigh confidence

The ASX fell to a seven-week low as bond yields surged to multi-decade highs on war-driven inflation fears, with miners and banks bearing the brunt of a broad global risk-off session.

Morning report 20/05/2026

Portfolio Positioning: Equity markets steady ahead of Nvidia’s (NYSE: NVDA) earnings

The ASX enjoyed a strong session on Tuesday, rallying +1.2% with exactly 75% of the main board finishing in positive territory. Consumer staples led the charge, with the major supermarkets bouncing strongly—Woolworths (ASX: WOW) gained +3.7%, while Metcash (ASX: MTS) and Coles Group (ASX: COL) both climbed +2.7%. However, from an index perspective, the rebound in the “Big Four Banks” did most of the heavy lifting, with CBA, Westpac and NAB accounting for more than a quarter of the ASX200’s gain, although insurers again outperformed on a percentage basis.