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Insights

Markets

Stay informed on the latest markets commentary from industry experts including Livewire, FirstLinks and Morningstar.

Latest insights

26 July Markets at a glance

The ASX has staged a turnaround to end the week as miners and energy recoup some of yesterday’s steep losses. Risk assets though continue in retreat, gold is down nearly 3% while the AUD is set to have its worst week since Nov 2023. Looking ahead, Australian reporting season is just around the corner and US PCE is on tap.
26 July 2024 3 min read

ASX200 ‘handbrake’ means positive investors could miss out

The dominance of mega-cap stocks in the US has led to strong index performance and a new wave of passive investors. But Auscap Asset Management says Australia's markets might not be so suited to this approach.
25 July 2024 3 min read

25 July Markets at a glance

The blood bath on Wall Street has seeped through to the Asian session, the ASX has been slammed down over 1%, tech stocks have tumbled to a five-week low with miners continuing under pressure. It’s a similar story around the region with Tokyo’s Nikkei 225 shedding 1,000 points. And put the record on repeat for FX markets, the AUD remains in retreat, dogged by falling commodity prices and investors rushing from risk, propping up the yen as the carry trades unwind.
25 July 2024 3 min read

24 July Markets at a glance

ASX recoups earlier losses to trade flat, though weakness in miners and energy stocks are capping the gains. Stock specific, a turbulent day for Flight Centre as the company trims fiscal 2024 forecasts. Pilbara is in focus tipping higher production in FY25 after a 58% pop in June-quarter revenue. Globally, currencies are wobbly, with US futures pointing to a negative start after earnings from the tech titans Tesla an Alphabet failed to impress, denting investor sentiment.
24 July 2024 3 min read

23 July Markets at a glance

ASX set to snap three-day losing streak as banks and tech gain ground. Stock specific, Woodside keeps FY production guidance unchanged but sees a 4% jump in costs for its Scarborough project, while Lynas reports an over 13% drop in Q4 revenue. Globally, investors have shrugged off Biden’s exit from the US Presidential race and focus on the Magnificent Seven ahead of Tesla and Google earnings this week. US futures point to a negative open.
23 July 2024 3 min read

What investors can do if we don’t get a soft landing

While markets are hoping for a soft landing, Oreana Financial Services’ Isaac Poole says they are notoriously rare. Find out whether he thinks if we will get one, and what to do if we don’t.
22 July 2024 3 min read

22 July Markets at a glance

ASX stumbles as US markets face uncertainty as Biden exits stage left and the ‘trump trade’ resurfaces, while the rest of the region shrugs off a surprise rate cut from the PBOC. Stock specific, S32 drops on a 60% slide in quarterly manganese output, flags an impairment charge and downgrades FY25 guidance, Woodside shares have slipped despite snapping up US LNG provider Tellurian for $1.2bn, while Perenti & Iress surge.
22 July 2024 3 min read

What to Watch - Week of 22 July

It’s expected to be a quiet week on the local docket but plenty to digest on the global stage. Second quarter GDP figures in the US are released on Thursday, as the Fed goes quiet ahead of their 31 July meeting. Focus for investors though will be on earnings ahead of heavy hitters Alphabet and Tesla who report this week.
21 July 2024 3 min read

19 July Markets at a glance

Under pressure. Global markets have taken a dive on a tech rout contagion and uncertainty around when and by how much the Federal Reserve will cut rates this year. The ASX has slid over 1% after strong June jobs data prompted markets to raise bets the RBA could hike rates at its next meeting. The USD is expected to eke out a weekly and the yen continues to wobble.
19 July 2024 3 min read

Australian shares at new record highs – is it sustainable

Dr Shane Oliver from AMP Capital has slightly increased expectations for the ASX 200 this year but anticipates a more volatile and constrained outlook.
19 July 2024 4 min read

16 July Markets at a glance

The local share market is taking a breather as a fall in miners offset gains in the banks, but continues to flirt with that record 8k level. Stock specific, HUB24 shares hit a record on higher FUA, while Rio slips after missing second-quarter iron ore shipment targets, and IGO shares drop on an impairment hit. Globally, the ‘trump trade’ continues to drive momentum, US futures are pointing to a positive start to the Wall Street session while the USD drifts as Powell comments bring a September rate cut into focus.
16 July 2024 3 min read

15 July Markets at a glance

It’s rally on for the ASX, minting a fresh record high surpassing the 8,000 point milestone boosted by banks and miners. Australian listed IT stocks soar to 31-month high on US rate-cut hopes. Stock specific, Star Entertainment rushes to suspend gaming at three casinos after systems were disrupted by performance issues. On the global stage, China’s economy continues to falter while the USD is being propped up by safe-haven gains in the wake of the attempted assassination of former U.S. President Donald Trump.
15 July 2024 3 min read

What to Watch - Week of 15 July 2024

It’s all about jobs locally in the week ahead, with forecasts for the Australian economy to have added 25k jobs in the month with NAB tipping a stable unemployment rate of 4% but won’t be surprised by a 4.1% number. In the US, Fed speak, as markets continue to digest that soft CPI print. Around the globe, the ECB meets (hold), UK CPI and retail sales data plus China’s Q2 GDP hits the wires.
14 July 2024 3 min read

12 July Markets at a glance

The bulls are back in town, as the ASX touches a record high on firming bets of a September rate hike from the Fed. Financials hit a record, riding the positive investor sentiment wave on a softer-than-expected US inflation print. Iron ore is up on the day but set for a weekly fall on profit-taking. Stock specific, BHP shuts up shop at its WA nickel mine operations. In currencies, a volatile yen has kept FX markets on edge.
12 July 2024 3 min read

11 July Markets at a glance

It’s green on screen for the ASX on this Thursday session ahead of crucial inflation data in the US. Miners and financials are driving the gains while the AUD is standing tall against the kiwi, and at a 33-year peak against the struggling yen. Stock specific, JB-Hi-Fi is in focus as the ACCC launches proceedings against the Good Guys. On the global stage, it's rally on as markets from Tokyo to New York mint fresh record highs.
11 July 2024 4 min read

10 July Markets at a glance

Local market lower as commodities drag. The RBNZ has held rates steady but flagged the potential for future easing. Stock specific Incitec Pivot shares have touched a two-month low as it ditches talks to sell its fertiliser unit over timeframe issues. In commodities, copper has taken a hit as the US dollar climbs, while tin steadies. And Goldman Sachs questions the upside to Gen AI.
10 July 2024 4 min read

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