Between the Bells

The ASX extended last week’s green run into the new week with the key index closing the first trading session of the week up 0.82%, buoyed by a surge in technology and energy stocks today. Tyro Payments (ASX:TYR) made waves today, jumping more than 8% after the fintech company announced an unaudited first half trading update including group revenue up 45%, payments transaction value up 37% and pay...

Complete the survey here: https://www.belldirect.com.au/smarter/2022-viewer-survey-feedback-page-youtube We’re taking a short break over the holiday period and we are very excited to debut our brand new studio in 2023. In 2023, we want to continue to provide you with useful and interesting investment market commentary, to help you stay across the Aussie and global share markets, and to help you bu...

The Aussie share market lost 0.12% this week (Mon-Thu), and in a tough year for investors, the ASX200 is trading 5.71% lower (YTD). All eyes will be on inflation, rates and energy prices in 2023.     In this week's wrap, Grady covers: (0:18) M&As, the big banks & the data breaches in 2022  (1:37) How commodity prices rocked this year  (2:07) What's in store for the year ahead (3:...

US equities sharply fell overnight. The selling began after the Federal Reserve’s 50 basis point interest rate hike yesterday, taking the main rate 4.25% to 4.5% range. The shift to a lower gear following four consecutive 75 basis point hikes was widely anticipated, and bond yields barely moved in response. Overnight, US retail sales data was released – retail sales declined more than expected in...

The local market followed in Wall Street’s footsteps, with the key index closing Thursday’s session 0.64% lower as 8 of the 11 sectors closed the day in the red. A sharp sell-off in materials stocks weighed on the market today following strong than expected unemployment data out in Australia and the US Fed’s raising America’s cash rate by 50-basis points. Consumer staples stocks outperformed the m...

US markets turned lower on Wednesday after the Federal Reserve raised the US cash rate by a further 50-basis points to the targeted range between 4.25-4.5%, the highest level in 15-years. The rate hike comes against signs of cooling inflation in the region with CPI for November easing to the lowest level since December last year in data out yesterday. Stocks came under pressure as markets factored...

The local market took lead from Wall Street today, following softer-than-expected inflation data out in America, easing investor fears of further aggressive rate hikes to come from the Fed. The ASX closed the midweek session up 0.67% buoyed by a surge in utilities stocks. Gold miner St Barbara (ASX:SBM) soared 20% today, after the company announced the successful completion of the bookbuild for th...

Wall St had a positive session on Tuesday as investors digested softer-than-expected inflation data out of the US for November. Annual inflation data released for November showed the US inflation rate slowed for a fifth straight month to 7.1%, the lowest level since December last year, and below forecasts of 7.3%. For the month, inflation rose just 0.1% where the markets had been expecting a rise...

The local market reversed Monday’s losses to close Tuesday’s session up 0.31% as a rally for technology, industrials and financial stocks boosted the key index into positive territory, while a sell-off in materials stocks pared back strong gains. Tomorrow and Thursday are the sessions investors are most anticipating this week amid the release of US inflation data and the Fed’s latest interest rate...

As traders looked ahead to the highly anticipated Federal Reserve meeting and new inflation data, US equities saw a strong session overnight. Stocks jumped back from last week’s steep losses, with a strong rally in the final hour of trade. The Dow Jones added more than 500 pints or 1.5%, the S&P500 up 1.4%, and the Nasdaq up 1.26%. The Fed will begin its two-day meeting tonight and it is widel...

The ASX started the week in negative territory, closing Monday’s session down 0.45% as investors sharply sold off gold and metals and mining stocks. Investor sentiment has been extremely volatile over the last few weeks amid China’s easing of some COVID restrictions, surprisingly upbeat economic data out of the US and local economic data released that has moved markets especially on the GDP front....

The local market took lead from Wall Street on Friday to close the final trading session of the week up 0.52%, led by a strong rally for materials and information technology stocks. The winning stocks on Friday were led by Champion Iron (ASX:CIA) jumping 5.15% as China’s easing of some COVID-19 restrictions fuelled a rally in the price of iron ore, while Sandfire Resources (ASX:SFR) and BrainChip...

The Aussie share market lost 1.73% this week (Mon-Thu), as investor fears of a global recession increased and GDP growth data in Australia came in below expectations causing investors to analyse their sector exposures. In this week's wrap, Grady covers: (0:12) Market expectations on consumer spending (1:27) The changing outlook for retail companies (2:59) Private consumption as a percentage o...

Wall Street felt some relief on Thursday after new weekly jobless claims in the US ticked higher to 230,000 from 226,000 the week prior in a sign the Fed’s aggressive interest rate hikes are beginning to have an impact on the nation’s tight labour market. The slight uptick in jobless claims underpinned a rally on Thursday that saw the Dow Jones add 0.3%, the S&P500 lift 0.5% and the tech heavy...

The ASX took strong lead from global markets overnight into Thursday’s session, finishing the day down 0.75% as investors continued to flee high growth tech stocks in the rising interest rate environment. The worst performing sector today was energy stocks, while 7 of the 11 sectors also closed red today. Chalice Mining (ASX:CHN) soared 13% today after the exploration company announced promising n...

Wall Street extended the recent red run into the midweek session as investors fear higher interest rates and a subsequent economic downturn are increasingly likely given recent surprising economic data out in the US. The Dow Jones fell 0.2%, the S&P500 lost 0.3% and the tech heavy Nasdaq shed 0.7%. Further remarks from a host of Wall Street executives added to investor fears of recession, with...

US equities declined overnight, with the Dow dropping by 526 points or 1.5%, while the S&P500 and the Nasdaq fell by 2% and nearly 2.3%, respectively. While equities fell, bond yields pushed higher, with the yield on the benchmark 10-year Treasury last trading up 10 basis points.  Big movers overnight were Microsoft, Amazon and Netflix which all closed lower on growth concerns. Tesla shares al...

The local market advanced 0.33% today driven by a rally for materials stocks amid a rise in the price of iron ore. Fortescue Metals Group (ASX:FMG), BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) each added almost 7%, almost 3% and 4% respectively. The price of iron ore also jumped today as China loosened the curbs on its COVID-19 restrictions including Shenzhen and Beijing removing the requirement f...

The local market dipped 0.72% on Friday, ending the recent rally, as investors await the RBA’s interest rate decision for December out on Tuesday this week. The gold miners had a run on Friday as investors piled into gold stocks on the back of a rise in the price of the precious commodity, while investors fled REIT stocks in anticipation of the RBA’s latest rate hike announcement on Tuesday. REIT...

The Aussie share market rallied 1.3% this week (Mon-Thu), encouraged by the Chairman of the Federal Reserve, Jerome Powell’s speech, that essentially confirmed the Fed will slow the pace of interest rate hikes in December.  In this week's wrap, Sophia covers: (0:15) What to expect from OPEC's meeting on Sunday (0:34) The impact of a price cap on Russian crude (1:01) What production cuts...

Following Fed chairman’s Jerome Powell’s speech that essentially confirmed that the Fed will slow the pace of interest rate hikes, we saw a surge in equities that added over $1 trillion to the market capitalisation of the S&P500 alone. Meanwhile the Dow Jones hit a 7-month high and its 12-month return turned positive. The Dow has already rallied over 20% from its year-to-date low. Overnight ho...

The Australian market jumped at the open this morning, after the US Federal Reserve Chairman Jerome Powell confirmed last night that smaller rate hikes could start as early as December. Our market then followed the rally on Wall Street and the ASX200 closed 0.96% in the green.  In economic news, domestic new capital expenditure fell 0.6% for the September quarter.  The materials sector climbed for...

It was a strong session overnight after Federal Reserve chairman Jerome Powell signalled that the pace of rate rises will slow as soon as this month. The Dow Jones jumped 535 points or 1.6%. The S&P500 added 2.4% and the Nasdaq jumped 3.6%, while the 10-year Treasury yield slightly eased. The Fed also cautioned that they may still stay with restrictive policy, with a long way to go in restorin...

In the first hour of trade, the Australian share market was lower ahead of the monthly inflation reading, however when CPI was announced at 11:30am, good news boosted the market. The monthly consumer price index advanced 6.9% in the year to October, slowing from September’s record high of 7.3%, and below market consensus of a 7.4% gain.  The reading showed a softer rise in food prices than previou...

Wall Street closed mostly lower on Tuesday as investors shift focus to the week ahead, filled with key economic data and Fed Chair Jerome Powell’s speech on Wednesday where he is expected to talk about the fiscal and monetary policy. Investors also struggled to recover from sharp losses faced in Monday’s session. The Dow Jones fell just 1 point, the Nasdaq shed 0.6% and the S&P500 closed the d...