Afternoon report 12/05/2025 17:36

The Match Out: ASX flounders as investors await trade deal

Poised for a relatively uneventful session after a soft US market on Friday night, trade talks between the White House and China over the weekend set off US futures this morning, lighting a spark for the Australian market early.

Morning report 12/05/2025 09:34

Macro Monday: The US-China $US Trillion Dollar report “Substantial Progress”

Senior US and Chinese negotiators resumed the high-stakes talks on Sunday in an attempt to de-escalate their trade war/embargo. President Donald Trump called Saturday's discussions a “very good” meeting. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng were leading the negotiations expected to span two days in Switzerland, the first publicised, in-person talks since President Donald Trump imposed 145% levies on China and Beijing retaliated with 125% tariffs on many American goods and new export controls on rare earth minerals.

Weekend report 10/05/2025 08:24

Weekend Q&A: Stocks take a well-deserved rest as tariff news improves

The ASX 200 ended a relatively quiet week down just 0.1%, not a bad effort considering ANZ and Westpac (WBC) delivered slightly softer 1H25 results, and WBC traded ex-dividend. Positive tariff news from the UK and US, plus optimism that something positive will come from the pending early talks between the US and China, supported a fairly lacklustre market, which remained in a tight 1.3% range all week. With news flow from Trump 2.0 relatively slow, the market was primarily keying off stock-specific news from reporting and the Macquarie Conference, leading to a very mixed bag in the “Winners & Losers” enclosure:

Afternoon report 09/05/2025 17:29

The Match Out: Positive US-UK trade talks fuel ASX rise

Technology stocks led the way today as the market opened a soft +10pts higher but quickly gained momentum following a positive session in the US overnight where risk-on sentiment fueled small caps higher after framework around trade policy between the White House and the UK firmed – a 10% base, though potential rollback of certain tariffs remains in play.

Morning report 09/05/2025 09:29

What Matters Today: Are Real Estate stocks still a Buy?

The ASX200 embraced the rumours that Trump's much-awaited “good news” was a trade deal with the UK, which, on top of the previous day’s announcement that the US and China would sit down and talk this week in Switzerland, was enough to lift the local index up +0.16% after a soft opening.

Afternoon report 08/05/2025 18:05

The Match Out: ASX inches higher on trade optimism

A fairly quiet day across the board, though, it was positive with 75% of the main board finishing in the green as Trump talks up trade deals…"Big News Conference tomorrow morning at 10:00 A.M.," he wrote on his Truth Social platform.

Morning report 08/05/2025 09:52

What Matters Today: Can the Miners rally as China cuts rates & prepares to meet the US?

The ASX 200 lived in the future rather than the past on Wednesday, ignoring a weak overnight session on Wall Street, instead focusing on the fresh news that U.S. Treasury Secretary Scott Bessent and top trade official Jamieson Greer would meet with their Chinese counterparts this week in Switzerland.

Afternoon report 07/05/2025 17:08

The Match Out: NAB reports well as ASX grinds higher

It was a mixed session for the local bourse as China’s long-awaited rate cuts came into play, lifting commodities and energy stocks higher. A solid result from NAB provided the bedrock for a decent rally through the middle of the day, with US futures giving an extra kick amid expectations Treasury Secretary Scott Bessent is due to meet senior Chinese officials in Switzerland on Thursday.

Morning report 07/05/2025 09:32

Portfolio Positioning: The ASX200 takes a rest as Fund Managers camp out at Macquarie

The ASX200 slipped 0.1% on Tuesday, posting its second consecutive negative session, although it's hardly made a dent in the aggressive 15% recovery from the early April panic lows. Trading was relatively subdued with fund managers focused on the Macquarie Australia Conference, which is often regarded as an early confession opportunity. Results were mixed on Tuesday, but the presentations continue to move markets as investors look for clues around what comes next, outside of the chatter around Trump and the weekend Federal Election.

Afternoon report 06/05/2025 16:57

The Match Out: Banks weigh as Macquarie Conference kicks off

A second day of declines for the ASX, though it was hardly aggressive, and more stocks actually rose than fell, as banks and healthcare names weighed at the index level. The Macquarie conference kicked off this morning and we’ve seen a bunch of companies recut guidance, more on the downside than upside which is customary but it wasn’t all bad news with several re-affirming prior numbers.