Crude Oil May Futures Daily Chart

12/04/2021

Crude Oil May Futures Daily Chart

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Afternoon report 04/12/2025

The Match Out: ASX higher as Copper hits new milestone

The ASX edged higher on Thursday, with record-breaking copper prices doing the heavy lifting as interest-rate-sensitive sectors sagged under rising bond yields. Bond markets have now priced out any chance of an RBA rate cut this cycle, and traders are assigning a 15% probability of a rate hike as early as February. Strong household spending data for October, the biggest jump in two years added weight to the RBA’s concern that inflation remains too sticky.

Morning report 04/12/2025

What Matters Today: Investing for the Hacking vs Cybersecurity arm wrestle

The ASX200 advanced +0.2% on Wednesday, with the utilities and energy sectors leading the market higher, even though more stocks on the main bourse ended the day in the red. On the stock level, gains were mixed, but another strong session by BHP added almost 50% of the day's gain on its own. MM remains bullish towards miners, believing they will continue to outperform the broad market as they have over the last 6-months, although we do believe several of the large tech names are close to a sharp bounce, especially if/when rate hike fears fade.