Woodside Energy Group (WDS) v Crude Oil ($US/barrel)

02/06/2023

Woodside Energy Group (WDS) v Crude Oil ($US/barrel)

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Afternoon report 27/05/2026

The Match Out: ASX pushes higher as better CPI data should lock RBA on hold

The ASX traded in two very different halves today, opening weaker as Financials extended yesterday’s selling pressure before a softer-than-expected CPI print sparked a broad rebound across the market. Once the inflation data hit, rate-sensitive sectors quickly caught a bid as traders pared back expectations of another near-term RBA hike, helping the index finish strongly into the close.

Morning report 27/05/2026

Portfolio Positioning: The employment data was soft; will inflation follow suit?

The ASX gave back Monday’s gains on Tuesday, slipping -0.4% to leave the market effectively flat for the week — a frustratingly familiar pattern that has played out repeatedly throughout May. The weakness was caused by a ~2% gain in crude oil after US and Iranian forces clashed near the Strait of Hormuz, highlighting the tension between the two sides even as they “claim” progress toward an interim peace deal; a similar tale to the last ~90 days.