Between the Bells

The Aussie share market enjoyed a gain of 0.2% this week (Mon-Thu). Australia's core inflation rate hit a six-year high and all eyes will be on the RBA minutes.     In this week’s wrap, Sophia covers:  (0:42) Reliance Worldwide (ASX:RWC) gaining 10% after an announcement  (1:45) Two stocks that saw big gains this week (2:19) An idea to compliment US mega cap exposure  (3:08) What stocks Bell...

Yesterday, the ASX200 struggled to find direction for most of the day, finishing flat as investors contemplated the possibility of interest rate hikes happening sooner rather than later. The best performing sector was the Communication Services sector, up 2%, while the Consumer Staples sector fell the most, down 2%. Uniti Group (ASX:UWL) led the gains, up 6%, following the company announcing it wi...

Yesterday the Aussie share market closed flat. The Tech sector was the best performer, gaining 1.34%. The worries for BNPL stocks were eased by Macquarie who don’t see an impact on the removal of the no-surcharge rule and kept their outperform rating on Afterpay (ASX:APT). Meanwhile Utilities fell the most.  Casino operators were outperformers yesterday. Crown Resorts (ASX:CWN) rose 8.7%, after re...

The ASX200 lifted 26 points or 0.34%, which marks the third straight gain, with the market now tracking 1.5% higher for the month of October. Sectors wise, the energy sector rose the most, up 2.6%, fuelled by further gains in oil prices. The tech sector fell the most, down 0.7%. The best and worst performers of the ASX200 yesterday included Mineral Resources (ASX:MIN) on top of the leader board, a...

Australian shares closed at a one month high on Friday with gains mostly in the Financial and Technology sectors.  On Wall Street, the Dow Jones closed at a record for the first time since mid- August, as investors moved out of Tech stocks and into blue chips. The S&P500 edged slightly lower, down 0.1%, while the Nasdaq fell 0.8%, after disappointing earnings reports from Intel and Snap.  This...

The Aussie share market is on track to close higher for the third straight week, supported by gains in both the Financial and Real Estate sectors.     In this week’s wrap, Sophia covers:  (0:58) Why Nickel Mines (ASX:NIC) advanced 11% higher (1:54) The impact of Q3 earnings & positive job data in the US (3:04) An update on coal plus the Evergrande situation (3:45) The most traded stocks by Bel...

Yesterday, the ASX200 gained 38 points or 0.5%, which marked the fourth gain in the last five days. All sectors closed in the green, apart from the Energy and Consumer Staples sectors.  In the US, the Dow Jones surged to a new all-time high, the S&P500 notched its sixth straight day of gains, while the Nasdaq closed slightly lower.  Following the decent night on Wall Street, the futures are su...

US stocks travelled higher overnight, boosted by stronger than expected earnings.  This morning, the Aussie share market is set to open higher, with the futures suggesting a rise of 0.7%.  What to watch today:  In company news, Atlas Arteria (ASX:ALX) reported a 9.7% jump in toll revenue in the quarter, as traffic is picking up.  Gold stocks to watch include Evolution Mining (ASX:EVN) which report...

The Aussie share market is set to open higher, with the futures suggesting a fall of 0.3%.    What to watch today:  Stocks exposed to China will be a focus today, as Chinese industrial production and economic growth both slowed more than expected. Australian companies such as commodity giants BHP (ASX:BHP), Rio Tinto (ASX:RIO) and Fortescue Metals (ASX:FMG), who export to China, would have noticed...

US equities rose on Friday and closed higher for the third straight week.    This morning, the Aussie share market is set to open higher, with the futures suggesting a rise of 0.4%.    What to watch today:  Stocks that could benefit from the reopening of the economy will be in focus today, as vaccine certificates for international travel will be available from Tuesday ahead of the easing of intern...

The Aussie share market flatlined on a weekly basis, as unemployment data rocked the boat, meanwhile on the positive side, business confidence and new home sales rose.   In Jess' final weekly wrap, she covers:  (0:37) Financials hit the most after Aussie economy loses more jobs than expected (1:21) Fintech investment platforms stealing the show after reporting record flows (3:45) Why there&ap...

Yesterday, the ASX200 posted its first gain for the week as Tech shares rallied.  In the US, all three benchmarks closed in the green, with the Dow rallying over 500 points, the S&P500 lifting 74 points and the Nasdaq up 250 points. Better-than-expected earnings reports were released from three major banks, as well as Walgreens and UnitedHealth. Also adding to the positive market sentiment was...

The Aussie share market is set to open higher, with the futures suggesting a rise of 0.3%, with a focus on tech and growth stocks as bond yields have slightly fallen.    What to watch today:  In economic news, employment data for September will be released at 11:30am AEDT. The market expects unemployment to worsen from 4.5% to 4.7%, and 100,000 jobs to be lost.  The iron ore price has fallen 3.7%...

The Aussie share market is set to rise 0.2% and possibly erase yesterday’s fall of 0.26%.    What to watch today:  The price of coal edged back closer to its record and nickel hit a one month high, while aluminium hit a 13-year high. Stocks to watch include coal companies Whitehaven Coal (ASX:WHC), Coronado (ASX:CRN), and New Hope (ASX:NHC), nickel stocks Western Areas (ASX:WSA), and Nickel Mines...

Rising bond yields and stagflation fears weighed down on the market yesterday and the ASX200 closed in the red.  In New York overnight, all three major indices closed lower, amid rising oil prices and economic worries.  Following US equities, the SPI futures are suggesting the ASX200 will fall 0.3% at the open this morning.  What to watch today: In economic news, business confidence data for Septe...

The Aussie share market is set to open lower, with the futures suggesting a fall of 0.1%.    What to watch today:  Oil stocks were some of the best performers in the US and the same may occur on the ASX. The oil price rose to US$80 a barrel for the first time since 2014, as oil demand rebounds and supply remains low. The oil price has gained 60% this year and the market expects tight supply to rem...

 It was a bit of a topsy-turvy week for the Aussie share market. However, the market looks set to close higher on a weekly basis for the first time in five-weeks, fuelled by gains in the Energy & Financial sectors. In this week’s wrap, Jessica covers:  (0:52) The best performing stocks this week  (1:15) Two key reasons why investors are moving into gold (3:13) Why October is traditionally one...

Yesterday, the ASX200 gained 0.7% following a better night of trade on Wall Street, with the big banks and Woolworths notching up gains of 1%. Nearly all sectors closed in the green, with tech shares rallying. The only sector to fall was the Energy sector, as the US said it was considering selling oil from its strategic reserves and Russia said it was ready to stabilise the natural gas market.   L...

  Yesterday, the ASX200 fell 0.6% after the Reserve Bank of New Zealand increased its interest rates, which affected sentiment on the ASX, making investors questions if the RBA would do the same.          Today, the Aussie share market is set to open higher, with the futures suggesting a rise of 0.5%.  What to watch today:  The oil price fell 2.5% to US$76.92, falling from a 7-year high. Oil price...

The major US indices rebounded in the US overnight, led by investors buying the dip into tech stocks.    There is near term uncertainty in the market, as the world awaits the fate of China’s biggest property developer Evergrande, currently in a trading halt. Fantasia, another large Chinese developer, also missed a repayment. Therefore, iron ore demand is likely to slow down even further.   The Aus...

US stocks started their trading week in the red, with concerns about rising long- term interest rates.  The Aussie share market is set to open lower, with the futures suggesting a fall of 0.9%.  What to watch today:  In economic news, business confidence for September will be released, and the RBA will hold its monthly meeting. Interest rates are tipped to remain on hold until next year, however t...

Friday’s sell off saw Australian shares close 2% lower. It was the 4th straight week of declines. Banking stocks were the worst performers. All four major banks tumbled, with Commonwealth Bank (ASX:CBA) down the most. Mining stocks also fell, while travel stocks were higher after Prime Minister Scott Morrison announced international borders will open in November.  European stocks closed in the red...

With a somewhat bitter September behind us, we move into October, a month where markets historically rebound 0.9% on average. However, there's still a lot of short-term uncertainty globally, so what's ahead for equities? In this week’s wrap, Jessica covers:  (1:15) Why Tech shares fell to a four-month low (1:53) Beach Energy (ASX:BPT) rising 26% as the oil price charges higher (3:23) Wha...

It was a positive day for Aussie shares yesterday with a broad rally in the final session of the quarter. The market rebounded with all 11 sectors closing higher. European stocks wrapped up September in negative territory, however the STOXX 600 closed slightly higher, up 0.2%.  US equities dropped overnight, with the S&P500 wrapping up its worst month since March 2020. This was amid rising rat...

The ASX200 extended its poor performance yesterday, falling about 1%. This dragged the market to a four-month low. Rising bond yields and a fall in the iron ore price put pressure on all sectors, with tech stocks taking the biggest hit.  The market was mixed in the US. The Dow Jones managed to add 90 points, the S&P500 slightly rose 0.16%, while the tech heavy Nasdaq came under pressure, falli...