Westpac Bank (WBC)

16/12/2022

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Afternoon report 21/05/2026

The Match Out: Jobs miss + Iran deal = best day in six weeks

The best in six weeks for the ASX today with positive leads from the US and a surprise jump in unemployment reduced rate hike expectations. Oil prices down, bonds yields down and stocks up – hopefully, a sign of things to come.

Morning report 21/05/2026

What Matters Today: Four ASX200 Stocks Down 40% Are Starting to Look Interesting

The ASX 200 fell 1.3% on Wednesday, closing at a seven-week low as inflation concerns weighed on bonds and equities across Asia. Selling was broad-based on the local bourse, with more than 80% of the main board stocks retreating, led by the previously high-flying Materials Sector (-2.1%), which suffered as rising bond yields pushed the likes of gold and copper lower - rising yields slow economic activity and provide a higher “risk-free” return from bonds or cash, compared to the likes of gold which pays no income. Weakness throughout the day was met with very little buying interest. To put the lack of “risk” appetite into perspective, only one stock rose more than 5%, while twelve fell by the same magnitude.