Skip to Content

Equities were put under significant pressure with the market suffering its worst day since April as political risks and higher bond yields following the strong US Jobs data last week weighed on risk assets. The Materials sector was the main culprit of the weakness, gold stocks, in particular, taking a beating on the back of the tumble seen by the precious metal on Friday night.

scroll

Latest Reports

Afternoon report

The Match Out: Commodities continue to weigh on the ASX, ahead of key US data tonight

Another session where commodities weighed on the ASX, although some tentative buying in some parts of the market had the index finish ~20 points above session lows. US inflation data is due out tonight, expecting +3.4% YoY followed closely by the Federal Reserve’s decision on interest rates (no change tipped) – we should hopefully get some clearer air to end the week.

The Match Out Market Matters
Morning report

Portfolio Positioning: European & Chinese concerns weigh on the ASX

We are less than halfway into June, and Europe has already elevated volatility across equity markets following a rate cut by the ECB and looming elections in the UK and France, where, in both cases, the incumbent party is in real danger of being ousted. There is an old saying that when the Dow sneezes, the ASX catches a cold; however, in the current market environment, the ASX is far more correlated to European stocks on a day-to-day basis, although, unfortunately, we have been underperforming both regions so far this year.

what matters today Market Matters
Afternoon report

The Match Out: Buyers go cold after a chilly long weekend

Equities were put under significant pressure with the market suffering its worst day since April as political risks and higher bond yields following the strong US Jobs data last week weighed on risk assets. The Materials sector was the main culprit of the weakness, gold stocks, in particular, taking a beating on the back of the tumble seen by the precious metal on Friday night.

The Match Out Market Matters
Morning report

Macro Monday: Both the UK and French leaders are rolling the political dice

Equity markets hate uncertainty, which was illustrated overnight by French CAC’s initial 2.4% plunge following Macron's surprise announcement. Our underlying concern is whether stocks can maintain their upside momentum, with political and economic uncertainty increasing almost by the week—perhaps we are set for six months of ongoing stock and sector rotation.

what matters today Market Matters
Weekend report

Weekend Q&A: Canada and Europe both cut rates; who’s next?

The ASX200 market showed impressive resilience last week, rallying over 2%, inching ever closer to a new all-time high. The 8,000 milestone is now less than 2% away, a repeat performance, and we’re there. The strength should have encouraged the bulls, especially considering the market's ability to close on its highs for the week ahead of the US Jobs Report. However, the market continues to deliver very mixed results on the stock and sector level, with the resources likely to take their turn in the “naughty corner” at the start of next week after copper and gold tumbled on Friday night. NB: The ASX is closed Monday.

Morning report

What Matters Today: What are MM’s favourite US big tech stocks? Part 2

The FANG acronym has lost its popularity through 2024 as the “Magnificent Seven” and “Super Six” are more eye-catching and useful for clicks in today's digital world. However, this index has continued to power to fresh all-time highs along with the NASDAQ, and while under the hood, not all stocks will move as one, the upside momentum of the index remains impressive.

what matters today Market Matters
Afternoon report

The Match Out: Strong day for stocks, though fewer international students hit IDP Education (IEL)

Broad-based buying across the ASX today with all sectors up on the session. The impressive run in financials continued – banks all well supported, while Tech followed their overseas counterparts higher. When the ASX peaked in May at 7900, Aussie 3-year bond yields were at 3.84% before running up to 4.1% as expectations changed around interest rates, prompting a ~3% correction in equities. 3’s are now at 3.91% and equities have bounced.

The Match Out Market Matters
more
image description

Relevant suggested news and content from the site

Back to top