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Afternoon report

The Match Out: Stocks slip, but Uranium stocks rip!

The ASX attempted to follow the recovery that played out from weakness over the past two sessions, but it was all too much today, weighed by selling across the IT & Resources sectors as China heads towards a week of national holidays, starting on the 29th.
Read more
The Match Out Market Matters
Afternoon report

The Match Out: Stocks show backbone (again) in light holiday trade

The ASX saw the worst of it early, down nearly 50 points before another spirited recovery ensued, in quiet trade, impacted by School holidays overlapping with the Rugby World Cup. Many Fundies no doubt wish they stayed on the desk rather than witness the Wallabies limp out in the pool rounds!
Read more
The Match Out Market Matters
Afternoon report

The Match Out: Huge intra-day bounce as buyers emerge with force

The ASX200 traded below the 7000 level this morning for the first time since March as the risk-off trade continued after the Hawkish update from the Fed yesterday, but a huge intra-day turnaround took hold and the ASX200 ultimately finished marginally higher, rallying 111pts from the morning lows which was simply a phenomenal effort! The intra-day buying helped snap a 4-day losing streak, though the index fell by -210pts/-2.89%.
Read more
The Match Out Market Matters
Afternoon report

The Match Out: ASX knocked as the Fed leaves the door ajar on rates

The ASX was knocked today, following Asian markets deep into the red after the US Federal Reserve held rates unchanged overnight, but kept the door ajar for another hike this side of Christmas. While there wasn’t a lot of new news coming from Jerome Powell and co, the dot plot projections implied that rates are unlikely to be cut by as much as previously thought during 2024, and that has rattled markets.
Read more
The Match Out Market Matters
Afternoon report

The Match Out: Energy and Resources weigh on the index as traders wait on the Fed

Shares extended their slide to three consecutive days following US markets lower in preparation for tonight’s FOMC meeting. Commodity-linked sectors of Energy and Materials saw the most pain today while a slight lift in local bond yields also weighed on Tech and Real Estate. Consumer sectors were surprisingly well supported though, as were Industrials as today’s weakness was not as broad-based as recent days – 40% of the ASX200 managed to close higher despite the index weakness.
Read more
The Match Out Market Matters
Afternoon report

The Match Out: Subdued session ahead of 3 key central bank decisions

The ASX is in a holding pattern it seems ahead of a barrage of Central Bank activity headlined by the US Federal Reserve (Wednesday), the Bank of England (Thursday) before Bank of Japan Governor Kazuo Ueda steps up to the plate on Friday. That saw the ASX open on the back foot this morning and there was no reason to bid up stocks ahead of what are very important decisions on interest rates that will likely have a major impact on how markets trade into the back end of the year.
Read more
The Match Out Market Matters
Afternoon report

The Match Out: Iron ore continues to rally, shares storm higher into the weekend

The stars aligned for a strong finish to the week, and the ASX delivered with its best one-day rally in more than 8 weeks today. All sectors were higher today, led by a resurgent materials sector thanks to strong commodity prices. It was a very broad-based rally today with 80% of the ASX200 finishing higher with money keen to pile into the market.  The index posted a gain of 122pts/+1.71% this week, recouping the losses of last week.
Read more
The Match Out Market Matters
Afternoon report

The Match Out: Resources and banks carry index higher, jobs data paints a strong picture

After a muted open, shares were well supported on the local index today. It seems buyers held back yesterday with the US Inflation data last night, but once that print had passed, it was mostly a one-way street higher. Resources were the main contributors, helped by a strong iron ore price which continues to defy the bears. Banks were also well supported, particularly following strong local jobs data.
Read more
The Match Out Market Matters
more

Latest Reports

Afternoon report

The Match Out: Stocks slip, but Uranium stocks rip!

The ASX attempted to follow the recovery that played out from weakness over the past two sessions, but it was all too much today, weighed by selling across the IT & Resources sectors as China heads towards a week of national holidays, starting on the 29th.

The Match Out Market Matters
Afternoon report

The Match Out: Stocks show backbone (again) in light holiday trade

The ASX saw the worst of it early, down nearly 50 points before another spirited recovery ensued, in quiet trade, impacted by School holidays overlapping with the Rugby World Cup. Many Fundies no doubt wish they stayed on the desk rather than witness the Wallabies limp out in the pool rounds!

The Match Out Market Matters
Afternoon report

The Match Out: Huge intra-day bounce as buyers emerge with force

The ASX200 traded below the 7000 level this morning for the first time since March as the risk-off trade continued after the Hawkish update from the Fed yesterday, but a huge intra-day turnaround took hold and the ASX200 ultimately finished marginally higher, rallying 111pts from the morning lows which was simply a phenomenal effort! The intra-day buying helped snap a 4-day losing streak, though the index fell by -210pts/-2.89%.

The Match Out Market Matters
Afternoon report

The Match Out: ASX knocked as the Fed leaves the door ajar on rates

The ASX was knocked today, following Asian markets deep into the red after the US Federal Reserve held rates unchanged overnight, but kept the door ajar for another hike this side of Christmas. While there wasn’t a lot of new news coming from Jerome Powell and co, the dot plot projections implied that rates are unlikely to be cut by as much as previously thought during 2024, and that has rattled markets.

The Match Out Market Matters
Afternoon report

The Match Out: Energy and Resources weigh on the index as traders wait on the Fed

Shares extended their slide to three consecutive days following US markets lower in preparation for tonight’s FOMC meeting. Commodity-linked sectors of Energy and Materials saw the most pain today while a slight lift in local bond yields also weighed on Tech and Real Estate. Consumer sectors were surprisingly well supported though, as were Industrials as today’s weakness was not as broad-based as recent days – 40% of the ASX200 managed to close higher despite the index weakness.

The Match Out Market Matters
Afternoon report

The Match Out: Subdued session ahead of 3 key central bank decisions

The ASX is in a holding pattern it seems ahead of a barrage of Central Bank activity headlined by the US Federal Reserve (Wednesday), the Bank of England (Thursday) before Bank of Japan Governor Kazuo Ueda steps up to the plate on Friday. That saw the ASX open on the back foot this morning and there was no reason to bid up stocks ahead of what are very important decisions on interest rates that will likely have a major impact on how markets trade into the back end of the year.

The Match Out Market Matters
Afternoon report

The Match Out: Iron ore continues to rally, shares storm higher into the weekend

The stars aligned for a strong finish to the week, and the ASX delivered with its best one-day rally in more than 8 weeks today. All sectors were higher today, led by a resurgent materials sector thanks to strong commodity prices. It was a very broad-based rally today with 80% of the ASX200 finishing higher with money keen to pile into the market.  The index posted a gain of 122pts/+1.71% this week, recouping the losses of last week.

The Match Out Market Matters
Afternoon report

The Match Out: Resources and banks carry index higher, jobs data paints a strong picture

After a muted open, shares were well supported on the local index today. It seems buyers held back yesterday with the US Inflation data last night, but once that print had passed, it was mostly a one-way street higher. Resources were the main contributors, helped by a strong iron ore price which continues to defy the bears. Banks were also well supported, particularly following strong local jobs data.

The Match Out Market Matters
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