What Matters Today: Is the NEXTDC raise likely to create opportunities in the Tech Sector?

As subscribers may have read, NEXTDC (NXT) is tapping the market for $1.3bn; some investors might be tempted to fund the raise by the data centre operator with other ASX tech names, hence today’s report. Last night’s +1.65% surge by the NASDAQ-100 illustrated there’s still plenty of life left in the sector, especially if we do see the Fed and ECB start cutting rates this year. For all of the talk around excessive valuations and sticky inflation, the US tech sector is still less than 1% below its all-time high.

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Morning report 25/01/2025 09:23

Weekend Q&A: Trump’s inauguration helps push equities higher

The ASX200 ended the penultimate week of January up +1.2%; the market took its lead from US indices, with the tech and financial sectors both advancing over 3% while the energy and materials stocks surrendered some of their earlier monthly gains. Overall excitement toward Trump’s pro-business policies largely pushed risk assets higher this week as investors focused on his inauguration.

Afternoon report 24/01/2025 16:43

The Match Out: Stocks cap off a positive week in the black

A decent session in Oz today with the retailers generally doing well pushing the consumer discretionary sector up more than 2% - a few stock specific influences at play. A positive week overall for markets, the final one with a partial holiday vibe, with those stragglers taking extended holidays back on deck post the Australia Day holiday on Monday.

Morning report 24/01/2025 09:34

What Matters Today: Can Trump drive down oil prices and related stocks?

The ASX200 fell 0.6% on Thursday as the influence of miners rather than tech weighed on the local bourse. The local market slipped for the first time since Donald Trump's inauguration amid fears of what the US president's promised tariffs might do for trade with China. Investors remain scared of Trump's tariffs towards China, and despite a mention of a 10% cent tariff (only), it was enough to see buyers retreat on mass.

Afternoon report 23/01/2025 16:53

The Match Out: ASX follows commodity prices lower

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.

Morning report 23/01/2025 09:57

What Matters Today: MM’s roadmap for gold stocks through 2025

The ASX200 closed up +0.3% on Wednesday, extending January’s gain to +3.6%. Again, the market surrendered ~50% of its mid-morning rally, but a close less than 1% below its all-time high is encouraging for the bulls.

Afternoon report 22/01/2025 16:54

The Match Out: Choppy trade on a day filled with quarterlies

Another choppy session with the best of it seen early, the ASX hitting a 8455 high before tapering off in the afternoon session, though we still closed higher. Asian markets were softer despite Trump commenting about a 10% tariff on China, a far cry from the 60% suggested during the election, but that failed to have any impact on the Material sector, with a bunch of production updates the greater influence.

Morning report 22/01/2025 09:55

Portfolio Positioning: Trump’s President, let the games begin!

The ASX200 closed up +0.66% on Tuesday, but it was intra-day action that told the real story of Donald Trump's first day of his second term as President of the US. Local stocks surged over 100 points into a late-morning high - “risk-on” played out across the bourse as the index surged toward striking distance of its all-time high.

Afternoon report 21/01/2025 16:53

The Match Out: Volatility back in markets as Trump gets underway

Volatility is back as Trump gets his feet under the desk in the Oval Office; the ASX 200 trading in a broad ~100pt trading range today finishing around the mid-point as he pushed through ~100 executive orders that ranged from curtailing hiring of federal employees, freezing regulations, withdrawing the U.S. from a climate treaty to fight global warming, promoting development of domestic energy production, and taking action to reduce consumer costs, among others.

Morning report 21/01/2025 09:45

What Matters Today: US Banks love deregulation, how to play Trump’s Inauguration

The ASX200 rallied +0.45% on Monday, extending January's gain to +2.3%. Real estate and energy stocks have boosted the index, with both sectors already up over +5% in 2025. In the morning, iron ore goliaths, BHP and RIO contributed over 10 points to the market's gain, or more than 25%, as the miners slowly gather momentum, although most remain well below where they commenced 2024.

Afternoon report 20/01/2025 16:55

The Match Out: ASX rallies ahead of Trump Inauguration

Positive sentiment spilled over from the U.S in anticipation of Donald Trump’s inauguration tonight and the rumoured ~100 executive orders due to come along with it; the actions expected to address tariffs, immigration and the energy sector straight off the bat.