MM is bullish on crude oil into Christmas, although its likely to be choppy

09/10/2023

MM is bullish on crude oil into Christmas, although its likely to be choppy

Subscribe to Market Matters Blog

Latest Reports

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.

Afternoon report 18/06/2026

The Match Out: ASX falls on Fed rate-hike risk, oil slides on Hormuz deal

The ASX 200 fell away throughout the session as Federal Reserve policymakers under new chair Kevin Warsh signalled the chance of a rate hike later this year, hitting tech, financials and rate-sensitive growth names. Defensives held up best, with Consumer Staples and Healthcare the only sectors to post a meaningful gain, while Energy, Materials and IT led the market lower. Oil extended its slide as the US-Iran deal on reopening the Strait of Hormuz raised hopes for a quick return of Gulf supply, while gold and iron ore stayed under pressure from firmer US rate expectations underpinning a rise in the $US.