Between the Bells

US stocks surged to new records again overnight, as investors seek out higher growth assets ahead of the Fed scaling back stimulus.  The Aussie share market will likely rally for the second day. The futures are suggesting a lift of 0.2%, with all eyes on tech stocks, reporting season and economic news.  What to watch today:  Building permits for July will be released today, with the market expecti...

US stocks rebounded on Friday to new record highs. Tech stockswere higher as the market prepares for the Federal Reserve Chair Jerome Powell to pull back on monetary stimulus.    The oil price, the proxy for economic growth, formed a 6 day uptrend. The oil price posted its biggest weekly rally in a year, with oil bracing for restricted supply ahead of Hurricane Ida.    This morning, the Aussie sha...

Aussie investor sentiment dampened as COVID-19 cases hit new highs and weaker than expected economic data was released. Meanwhile, global markets brace for big change, with the US Federal Reserve to potentially scale back support.  In this week’s wrap, Jessica covers:  (0:50) The Aussie share market bracing for another pullback (2:02) Investors buying into growth sectors while selling defensive se...

Yesterday the Aussie share market closed in the red, closing 0.54% lower.  In overseas markets, investors are cautions as they await the meeting of US Federal Reserve policymakers as well as new developments in Afghanistan also played a part for investors in the risk- off sentiment.  Following US equities, the SPI futures are suggesting the ASX200 will open slightly lower.   What to watch today: I...

US stocks extended their rally with both the S&P500 and Nasdaq closing higher for the fifth straight session. The gains were supported by the US 10-year Treasury yield edging higher. Despite the US pushing higher, if you go by the SPI futures, it’s suggesting that the Aussie share market will open slightly lower. Stay tuned, later today we will be releasing a full report on The a2 Milk Company...

US stocks gained for the fourth straight day.  The Aussie share market will likely follow US stocks higher. The futures suggest a lift of 0.24%, with all eyes on travel, tourism and oil stocks.  Stay tuned, later today we will be releasing a full report on Zip (ASX:Z1P)’s results. What to watch today:  The iron ore and copper prices both rose 0.4%. The modest gains supported BHP listed in New York...

US stocks rallied for the third straight day as equities climbed back to record highs. Investors bought into oil, tourism and vaccine stocks.  Following the US, the Aussie share market is set to open higher.  What to watch today:  ASX listed vaccine developers are likely to rally, such as CSL (ASX:CSL) and Telix Pharmaceuticals (ASX:TLX). This follows the US overnight, where Pfizer shares rose ove...

The Aussie share market will likely follow US stocks trading higher on Friday, with the futures suggesting a lift of 0.5%.    What to watch today:  Company earnings and announcements today:  Sonic Healthcare (ASX:SHL) reported its full year net profit grew 149% to $1.32 billion. This beat market expectations of $1.28 billion profit. SHL lifted its final dividend 8% to 55cps.  Charter Hall (ASX:CHC...

Geopolitical tensions, local lockdowns, and global COVID-19 resurgences saw the volatility index hit its highest level in five months. As a result, the Aussie share market entered a short-term technical downtrend, however the long-term market uptrend remains intact.  In this week’s wrap, Jessica covers:  (0:07) Why Australia is set to see its worst economic growth rate in 19yrs (1:37) How, despite...

European markets closed lower, and US equities made slight gains, after the latest Federal Reserve minutes included discussion to remove some monetary stimulus this year.  This morning the ASX200 is set to open higher, with the futures suggesting a rise of 34 points or 0.46% to 7,409 points.  What to watch today: In economic news, yesterday the unemployment rate for July fell to 4.6%, after the ma...

Well, US equities once again headed south overnight, with all three major benchmarks closing in the red as investors digested the latest Federal Reserve meeting minutes. The Aussie share market today will likely follow the US, with the futures down 0.66% or 50 points to 7,378. What to watch today: It’s also another huge day of earnings season. Investors will be digesting the results from a number...

US stocks headed south overnight, after disappointing retail sales data. US retail sales fell 1.1% in July, when market expectations were a fall of just 0.3%.  In addition, the Taliban has taken control of Afghanistan’s capital city, and China’s COVID-19 cases surged to an 8 month high.  Following the US, the Aussie share market is set to open lower.  Stay tuned, later today we will be releasing a...

This morning, the Aussie share market is set to open higher.    What to watch today:  The financial sector, led by Commonwealth Bank (ASX:CBA) and other major banks, has started to trend lower, putting weight on the market. Technical traders are taking profits from the big banks. CBA shares have fallen for the third day. Amid lockdowns, expect further selling in banks.  Galaxy Resources (ASX:GXY)...

The Aussie share market is set to open lower, with the futures suggesting a fall of 0.1% or 9 points.    What to watch today:  So far this reporting season, 80% of companies that have released their results, have met or exceeded guidance.  JB Hi-Fi (ASX:JBH) reporting NPAT growth of 67.4% to $506.1 million in the 2021 financial year, in line with expectations.  GPT Group (ASX:GPT) reported net pro...

 The Aussie share market rose above 7,600 points this week, breaking a historical record. Themes remained consistent, with Lithium and Financial stocks continuing to make headway. In this week’s wrap, Jessica covers:  (0:46) Financials rising 3% after CommBank (ASX:CBA) reported better than expected profits (1:35) Lithium and Agricultural stocks delivering the goods (3:20) Three key reasons why th...

Australian shares were trading higher yesterday, supported by strong earnings reports.  US equities edged higher overnight, with both the blue-chip Dow Jones and the S&P500 closing at record highs.  This morning the ASX200 is set to rise 0.4% or 28 points, to 7,526 points.  What to watch today: Yesterday, consumer inflation expectations decreased to 3.3% in August, which was below expectations...

The Aussie share market looks set to open in the green, up 0.13% or 10 points to 7,503, if you go by the futures.   What to watch today: This morning, company’s reporting earnings:  Telstra (ASX:TLS) announced an on-market share buy-back, that will return about 50%, or up to $1.35 billion to shareholders during financial year 2022.   AMP (ASX:AMP) reported an improved first half 2021 performance w...

US stocks reached record highs after the US Senate passed a $1 trillion infrastructure bill. Funds will go towards building transportation, an electric vehicle grid, charging stations, and cybersecurity.  Overnight, investors bought stocks in energy, mining and industrials as the oil price rose back to US$68. Tech stocks succumb to profit taking, including Moderna, which fell 5%, after jumping 17%...

US investors brace for a big jump in US inflation data on Wednesday night.  Overnight, the energy sector fell 1.5% on concerns of rising COVID-19 cases. Investors sold stocks tied to the economic recovery, with American Airlines and United Airlines both falling 2%.  This morning, the futures are suggesting the Aussie share market will rally 0.3%.  What to watch today:  Australia will soon receive...

Today, the Aussie share market is set to rally up 0.4% as stocks in the US mostly closed higher on at the weekend following a stronger than expected US jobs report. All eyes this week will also be on companies reporting. What to watch today:  The NSW Premier set a target for 70% of the population to be vaccinated before restrictions are eased. NSW construction works in non-hotspot LGAs are now all...

Despite rising COVID-19 cases and a falling iron ore price, the Aussie share market rose 1.6% (Mon-Thu), its best gain in 11 weeks. The electric vehicle (EV) mega trend continued to make headlines... Could EV stocks continue to gain momentum and overtake sentiment more recently reserved for the buy now pay later (BNPL) industry?    In this week’s wrap, Jessica covers:   (0:37) The Tech sector&apos...

All three major US benchmarks pushed higher overnight. Energy and travel stocks bounced back ahead of Friday’s key jobs report, a key data point for the Federal Reserve as it considers when to tighten monetary policy. Following the US, the Aussie share market is set to open ever so slightly higher, up 0.04% or 3 points to 7,423.  What to watch today: Today, we have RBA Governor Phillip Lowe testif...

Yesterday the Aussie share market closed at a record high, just over 7,500 points.  Overnight, shares were mixed, with broad selling over on Wall Street.  Following US equities, this morning the Aussie share market is set to open lower, with the futures suggesting a 0.2% fall.  What to watch today: Buy now, pay later company, Splitit (ASX:SPT) seems to be benefiting from Afterpay’s takeover announ...

The Aussie share market is likely to head back into record high territory today. The futures are suggesting a rise of 0.1%.  What to watch today:  The iron ore price has stabilised. Spot iron ore prices rose 0.3%, and seaborne iron ore prices held steady after a 14% fall in the previous selling. This supported investors buying into BHP In New York overnight, helping BHP shares rise 1.7%. Therefore...

On Monday the Aussie share market rose 1.3%, supported by gains in Afterpay (ASX:APT) and Pilbara Minerals (ASX:PLS).  This morning, the futures are suggesting the market will fall 0.3%, peeling back from yesterday’s record high.  What to watch today:  The iron ore spot price fell 3% and the iron ore seaborn price fell 14%, to its lowest level since April. This is due to China’s unexpected commitm...