MM is neutral ELD at best

19/09/2023

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Afternoon report 19/06/2026

The Match Out: Resources rout weighs on ASX as BHP cost blowout bites

The ASX endured its weakest session in a fortnight today, with a sharp selloff across the resources complex. The market opened lower and never really looked like bouncing, drifting steadily lower through the day as investors responded to a stronger US dollar, a more hawkish Federal Reserve and renewed pressure across commodity markets.

Morning report 19/06/2026

ETF Friday: Four unheralded ASX ETFs MM likes into Christmas

The ASX200 ended its 4-day rally on Thursday, with 65% of the main board closing lower after the US Fed held interest rates in its first meeting under new Chair Kevin Warsh, but signalled that tightening may be necessary to rein in inflation. It was a relatively muted session for the local bourse with only five stocks moving by more than 5%, although they were all in the losers' corner, primarily from the gold space.