MM likes PME medium term ~$90

09/02/2024

MM likes PME medium term ~$90

Subscribe to Market Matters Blog

Latest Reports

Morning report 18/05/2026

Macro Monday: Unsettled bond markets are starting to weigh on equities

Weekend report 16/05/2026

Weekend Q&A: The Budget’s behind us, now back to Iran and Inflation

The ASX200 fell 1.3% last week, with market sentiment softened by Tuesday’s Budget and disappointing trading updates from ASX heavyweights CBA and CSL - as the saying goes, the trend’s your friend, with the previous market darling CSL, now down -43%, in 2026. As we all know, the budget played a dominant role last week, with the influential “Big Four Banks” retreating by an average of close to 6% on fears around Australia's pivotal housing market. It’s a good job the big miners enjoyed a great week, despite surrendering some of their gains on Friday. BHP Group (ASX: BHP) and RIO Tinto (ASX: RIO) posted fresh all-time highs, both advancing +4% by Friday's close.