MM likes BOE in the $3.50 area

29/05/2025

MM likes BOE in the $3.50 area

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Morning report 01/05/2026

ETF Friday: Four ASX ETFs to track the ongoing massive AI buildout

The ASX200 continued its losing streak for an eighth day on Thursday, as it waved goodbye to April, a month that promised so much but ultimately only closed up +2.2%, not a bad net result, but the last few sessions made it feel far worse. The song remained the same yesterday, as oil prices ground ever higher and the realities of a prolonged energy shock hit home for Woolworths (ASX:WOW) and other exposed businesses. Confidence is rapidly being eroded that the US-Iran conflict will be resolved any time soon, as boards start pointing fingers at the impact of the war for disappointing trading updates. Yesterday, it was Woolworths -7.8%, while South32 (ASX:S32) -5.4% focused more on Trump's tariffs.

Afternoon report 30/04/2026

The Match Out: Supermarkets under the pump as Woolworths leads the ASX lower

The ASX drifted lower again today, extending its losing streak to eight sessions as elevated oil prices and rising bond yields continued to weigh on sentiment. Brent crude pushed toward multi-year highs, keeping inflation concerns alive and lifting the Australian 10-year yield above 5% after a steady climb over the past two weeks.