Morning report 26/05/2026 09:33

What Matters Today: After the War – How to Play Energy if Hormuz Reopens

The ASX 200 enjoyed a far better day than the Futures market was suggesting on Saturday morning, as hopes for a deal to end the US-Iran conflict improved investor confidence and pushed oil prices down by more than 4% during our trading session. Global markets from Tokyo to China and Australia embraced news that officials signalled the US was nearing a deal with Iran to reopen the Strait of Hormuz and restore oil flows - we’ve heard it before.

Afternoon report 25/05/2026 16:33

The Match Out: Oil drops on Iran optimism as gold and coal steal the show

The ASX finished modestly higher to start the week as oil prices fell more than 5% on growing optimism that a US-Iran deal to reopen the Strait of Hormuz could be imminent.

Morning report 25/05/2026 09:36

Macro Monday: Markets are pricing an imminent deal

Over the weekend, President Donald Trump said a peace agreement with Iran had been “largely negotiated” and indicated a deal to reopen the Strait of Hormuz could be announced shortly. Iran also signalled negotiations were progressing, while US Secretary of State Marco Rubio said there may be “some good news” on the key shipping route in the coming hours, raising hopes the conflict may finally be moving toward de-escalation.

Weekend report 23/05/2026 10:29

Weekend Q&A: Soft Australian employment data questions the path of the RBA

The ASX200 needed a storming return to form on Thursday & Friday to end the week up just +0.3%, as news around the US-Iran War finally supported local stocks. The choppy week saw early negative sentiment push the index down to a fresh 7-week low, testing below the 8500 level before some bargain hunting returned. The major miners led the market's recovery, reflecting an improvement in risk appetite given the sector’s strong leverage to global growth expectations, although both BHP Group (ASX: BHP) and Rio Tinto (ASX: RIO) still finished the week modestly lower.

Afternoon report 22/05/2026 16:48

The Match Out: Copper upgrades carry the ASX to a positive week (just)!

The ASX edged higher to close out a mildly positive week, helped by improving reports on the Middle East and softening expectations for Australian interest rates. Miners and Energy stocks led the line today, though it’s been a particularly volatile week, with several triple digit moves, even though we’ve ended only +0.3% above where we started.

Morning report 22/05/2026 09:22

ETF Friday: Four ASX ETFs that could shine if the RBA doesn’t hike again in 2026

The ASX200’s roller coaster ride through May continued on Thursday with a strong +1.5% bounce as hopes increased that a deal to resolve the conflict in the Middle East was approaching. Unfortunately, we’ve heard it all before. Let's hope it will eventually come to fruition, but in the meantime, 3-weeks into May and triple-digit moves have become commonplace, even though the index is down just 0.5% for the month.

Afternoon report 21/05/2026 17:17

The Match Out: Jobs miss + Iran deal = best day in six weeks

The best in six weeks for the ASX today with positive leads from the US and a surprise jump in unemployment reduced rate hike expectations. Oil prices down, bonds yields down and stocks up – hopefully, a sign of things to come.

Morning report 21/05/2026 09:15

What Matters Today: Four ASX200 Stocks Down 40% Are Starting to Look Interesting

The ASX 200 fell 1.3% on Wednesday, closing at a seven-week low as inflation concerns weighed on bonds and equities across Asia. Selling was broad-based on the local bourse, with more than 80% of the main board stocks retreating, led by the previously high-flying Materials Sector (-2.1%), which suffered as rising bond yields pushed the likes of gold and copper lower - rising yields slow economic activity and provide a higher “risk-free” return from bonds or cash, compared to the likes of gold which pays no income. Weakness throughout the day was met with very little buying interest. To put the lack of “risk” appetite into perspective, only one stock rose more than 5%, while twelve fell by the same magnitude.

Afternoon report 20/05/2026 17:13

The Match Out: ASX hit again as stubbornly high bond yields weigh confidence

The ASX fell to a seven-week low as bond yields surged to multi-decade highs on war-driven inflation fears, with miners and banks bearing the brunt of a broad global risk-off session.

Morning report 20/05/2026 09:30

Portfolio Positioning: Equity markets steady ahead of Nvidia’s (NYSE: NVDA) earnings

The ASX enjoyed a strong session on Tuesday, rallying +1.2% with exactly 75% of the main board finishing in positive territory. Consumer staples led the charge, with the major supermarkets bouncing strongly—Woolworths (ASX: WOW) gained +3.7%, while Metcash (ASX: MTS) and Coles Group (ASX: COL) both climbed +2.7%. However, from an index perspective, the rebound in the “Big Four Banks” did most of the heavy lifting, with CBA, Westpac and NAB accounting for more than a quarter of the ASX200’s gain, although insurers again outperformed on a percentage basis.