Skip to Content

A solid session overnight in the U.S didn’t translate to the ASX today – the differentials in sector composition on full display. Resources were hit hard as lower commodity prices weighed, with the local bourse lacking a real tech sector to offset that weakness.

scroll

Latest Reports

Morning report

What Matters Today: Can our miners follow Chinese stocks higher?

The ASX200 slipped -0.3% on Monday, a solid performance considering the weakness on overseas bourses on Friday night. The defensive end of town supported the local index, with the consumer staples, utilities and healthcare sectors the only three to advance, while tech spent a rare day in the naughty corner, falling 1.4%.

what matters today Market Matters
Afternoon report

The Match Out: ASX tracks lower, JB Hi-Fi (JBH) reports well, just not well enough, CAR Group (CAR) misses & falls

The market opened on the back foot early, down ~70pts at the lows before recovering over half of the early decline to finish only ~100pts below the all-time high. Results season now kicks into gear and today is indicative of what we’ll see from now on; i.e. stocks that have run into results will need to deliver for the half and also in terms of guidance.

The Match Out Market Matters
Morning report

Macro Monday: US rate cuts look unlikely just as the RBA is set to move

The US jobs data released on Friday showed that the US labour market remains strong, increasing the odds that the Fed will remain patient on interest rate cuts. The more President Donald Trump threatens tariffs on the US’s trading partners, the more worry another inflation wave troubles global economists.

what matters today Market Matters
Weekend report

Weekend Q&A: The Bulls remain in control despite the headlines

The ASX200 slipped slightly in the first week of February ending down -0.24% with the healthcare and utilities sectors weighing on the market while the tech and materials stocks helped limit losses. It was an overall turbulent week for stocks as earnings season kicks into gear. The prospect of lower interest rates, trade war jitters and resilient consumer spending added to the day-to-day volatility.  Local shares closed out the week flat with a negative tilt as traders remained cautious ahead of the US Payrolls report, which will influence the Fed's decision on interest rate cuts.

Afternoon report

The Match Out: “Animal Spirits” hit the ASX

The bulls came to play today with the influential banks driving a strong session overall, pushing the ASX 200 back up through 8500, just ~50pts below all-time highs. The next catalyst has to be earnings as 1H25 results season kicks into gear. Suppose efficiency benefits put in since COVID dovetail in to a better economic outlook predicated on easing inflation, robust employment, good consumption and likely interest rate cuts.

The Match Out Market Matters
more
Back to top