Macro Monday: The RBA will be fascinating on Cup Day

Australian stocks succumbed to the ever increasing weight of interest rate speculation on Friday, the aggressive weakness on the last day of October actually resulted in it being a down month. Fortunately the US reversed losses by their futures during our time zone to make fresh highs on Friday which should provide a much needed boost to stocks this morning – the SPI futures are pointing to early gains of almost 1%. The specific pressures around the RBA appear to be the reason for the ASX’s position in the underperformance corner last month:

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Afternoon report 24/12/2025 14:24

The Match Out: ASX slips, Happy Christmas All

A softer session today, giving back a portion of yesterday's solid move, though trading was quiet; volumes anemic and most focus is now on the Christmas break, with a 2.10pm close this afternoon.

Morning report 24/12/2025 10:43

Portfolio Positioning: The Christmas rally kicks into gear

Firstly, from James, Shawn & the MM Team, we wish you a happy and safe festive season. Many thanks for being a wonderful group of members, and your ongoing support throughout the year. It's been a year of two halves for the ASX and MM in many ways, but we’re finishing on the right foot across all portfolios. In todays note, we’ll run through portfolio performance, in a lighter style Christmas Eve report. A reminder, if you are considering investment options in 2026, all Market Matters Portfolios are now open for investment, via Market Matters Invest Direct, including the International Equities Portfolio which has had a stellar year, up over 25%. We will continue to work hard in 2026, building on a solid 2025.

Afternoon report 23/12/2025 16:43

The Match Out: Santa rally in full swing as ASX soars, Goodman Group (GMG) inks major deal

The ASX finished sharply higher, extending its pre-Christmas rally as broad-based buying pushed the market to a six-week high and saw all sectors finish higher for the second day in a row. Optimism around US rate cuts, light year-end volumes and strong US markets overnight combined to lift risk appetite, with real estate and technology leading gains.

Morning report 23/12/2025 09:18

What Matters Today: Understanding the Data Centre (DC) models as NEXTDC jumps

The ASX 200 surged to a 5-week high on Monday, closing up +0.9% as the traditional lack of selling during the festive season was met with fairly aggressive buying across the miners, who spent much of the day jockeying for position on the leaderboard. Interestingly, even as gold and silver surged to new all-time highs and copper flirted with its equivalent milestone, it was the uranium names that won this particular race:

Afternoon report 22/12/2025 16:46

The Match Out: Commodities drive ASX rally, Nick Scali upgrades guidance

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Morning report 22/12/2025 09:26

Macro Monday: Can commodities extend their gains into 2026?

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Weekend report 20/12/2025 09:11

Weekend Q&A: Some Christmas cheer is coming on Monday

The ASX 200 ended the week down -0.9%, leaving December up just +0.1% with the quiet Christmas period ahead. However, with the market set to open strongly on Monday morning, a Santa Rally could be set to arrive, albeit extremely late. Remember, the average gain for a December over the last 10 and 20 years is 1.0% and +1.2% respectively, still comfortably attainable by the local market from today’s position.

Afternoon report 19/12/2025 16:21

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Morning report 19/12/2025 11:20

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Afternoon report 18/12/2025 17:25

The Match Out: ASX bounces into the close, Boss Energy hit on mine update

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