MM is neutral/bearish on the SNAS around $22.30

20/06/2025

MM is neutral/bearish on the SNAS around $22.30

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Morning report 30/04/2026

What Matters Today: Atlas Arteria takeover bid – What it could mean for ASX infrastructure and utilities stocks?

The ASX200 posted its 7th consecutive day of losses on Wednesday, falling another 0.3% despite a softer-than-feared inflation print. The CPI came in at 4.6% in the year to March, lower than expected but spiking sharply from February, hitting levels not seen since 2023. Short-dated local bonds rallied on the release (yields lower), but the move did little to shift the broader hawkish outlook for rates into 2026. Credit markets continue to price in a ~70% probability of a third RBA hike next week.

Afternoon report 29/04/2026

The Match Out: ASX drifts lower as CPI comes in better than expected

The ASX extended its losing streak today as investors digested Australia’s March inflation print, which came in slightly below expectations but still high enough to keep the prospect of another RBA rate hike firmly on the table next week. Bond yields eased following the data, though sentiment remained fragile with markets now pricing roughly a ~75% chance of a move up in May.