Weekend report 05/10/2024 08:21

Weekend Q&A: The Middle East sours market sentiment into the long weekend

Last week, the AX200 slipped -0.76% following weakness across the influential financial and materials sectors, and only the energy stocks encouraged the bulls. While China enjoyed its Golden Week holiday, investors’ attention reverted to the mounting tensions in the Middle East ahead of last night’s US employment data, which ultimately alleviated market fears about the health of the US economy. The winners & losers were an eclectic bunch this week as most sectors, outside of oil, went into a holding pattern

Afternoon report 04/10/2024 16:39

The Match Out: ASX slips into the long weekend ahead of US Employment Report and potential escalation of the Middle East conflict

Morning report 04/10/2024 09:34

What Matters Today: Is the “Trump Trade” back on as he nudges ahead at the Bookies?

Afternoon report 03/10/2024 16:51

The Match Out: ASX edges higher (just) Portfolio Performance in September

Morning report 03/10/2024 09:27

What Matters Today: If the expected path for rate cuts is “as good as it gets”, what next?

The ASX200 finished a choppy session on Wednesday down just -0.1%, with over 65% of the main board ending lower. However, another solid session by the resources, particularly energy names, was enough to stem the losses. Escalation of the Middle East conflict set the tone early in the morning, but buying in the likes of Beach Energy (BPT) +4.6% and Woodside (WDS) +3.1% almost offset general selling on concerns after Israel vowed to retaliate against Iran for its missile attack – the regions on a knife edge

Afternoon report 02/10/2024 16:36

The Match Out: ASX takes a breather in quiet trade

The majority of stocks ended lower today as concern around tensions in the Middle East weighed, though selling was only tepid and there were pockets of strength, largely from energy and resources stocks offset by weakness across Technology. A fairly lacklustre session, void of any real news, so a short note this afternoon!

Morning report 02/10/2024 09:46

Portfolio Positioning: Stocks shrug off Middle East conflict & focus on China’s holiday

The ASX200 slipped 0.7% on Tuesday during a rare session that saw the banks and resources close lower. The economic news was net positive, reaffirming the RBA’s tough stance towards interest rates, but it's becoming an increasingly polarised economy

Afternoon report 01/10/2024 17:17

The Match Out: ASX takes a breather, REA makes the right move….

With China off on Golden Week holiday, there was a void of any positive policy news from the region and with the start of a new quarter, it wasn’t surprising to see some weakness creep into the market, the index giving back the gain it put on yesterday with both the miners & banks attracting sellers.

Morning report 01/10/2024 21:41

What Matters Today: Should we take profit on gold if China’s Property Crisis could be over?

China has been a major buyer of gold as investors searched for an alternative to a plummeting property and stock market and a hedge against the Yuan. However, the last week has mitigated many of the fears weighing on Chinese investors over recent times.

Afternoon report 30/09/2024 17:08

The Match Out: ASX ends a strong month at new all-time highs, Giddy up!

A positive session to cap off a strong month for local equities underpinned by a policy pivot in China; the ASX200 rallied 3.24% inclusive of dividends, about 2x the return achieved by US stocks in $US terms, though when both are priced in AUD, the local outperformance was significant.