MM likes oil into weakness

29/11/2021

MM likes oil into weakness

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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.

Morning report 29/04/2026

Portfolio Positioning: ASX Faces Four Major Headwinds Beyond the Iran Conflict

The ASX 200 fell a further 0.6% on Tuesday, marking its longest losing streak in four years. It was another ugly day for Australia's share market, notching its sixth-straight session of losses as 9 out of the 11 main sectors retreated. On the day, it was the miners that did the most damage, contributing over 35% of the day's decline as a bounce in the $US dollar dragged down commodities, except the oil price, which continues to push higher, notching its seventh daily advance, almost a perfect mirror image of the ASX.