Trade Idea: Buy Xero Ltd (XRO) at $70.11 with stops at $64.88, around 7% risk

30/03/2026

Trade Idea: Buy Xero Ltd (XRO) at $70.11 with stops at $64.88, around 7% risk

Subscribe to Market Matters Blog

Latest Reports

Morning report 02/04/2026

What Matters Today: War Fear Fading – 4 Stocks MM likes to Ride the Rebound

The ASX200 rallied strongly on Wednesday, surging more than 2% in a broad-based advance that saw ~14% of the index rise by 6%, or more. The move followed comments from President Trump suggesting the US military conflict could end within two to three weeks, boosting confidence around the global economic growth outlook.

Afternoon report 01/04/2026

The Match Out: ASX kicks off April with a bang as Materials and Tech lead broad rally

The ASX surged today, recovering from the worst monthly performance in four years as markets latched onto signs the Iran conflict could begin to wind down. The morning open was reason enough to call it a strong session, though a late 30pt rally in the final 20 minutes of trade was the cherry on top as the index closed on its highs. It was a broad rally as ten of eleven sectors finished higher with materials leading the charge, while the defensive utilities dragged as risk on sentiment returned to the bourse.