Between the Bells

Step aside EOFY volatility, August reporting season is just around the corner, and it's looking like it's going to be a showstopper. Plus there's a new tech darling in town, and it's got the attention of some big celebrity names... In this week’s wrap, Jessica covers: (0:22) Telcos stealing the show up 2.3% following Telstra's (ASX:TLS) announcement (1:02) Staples back in...

The Aussie share market is set to rebound, with the futures suggesting a 0.4% lift to 7,205 points.  US equities had a positive run, with all three major benchmarks closing higher.  What to watch today: Zip (ASX:Z1P) announced their partnership with fintech company Propell Holdings (ASX:PHL), making the company the first BNPL service on the Propell platform. Yesterday Zip’s share price rose 1.7% a...

The Aussie share market closed out its best financial year in over 30 years on Wednesday, with shares rebounding despite a negative start to the week’s trading. This morning, the Aussie share market looks set to start the New Financial Year slightly lower, with the futures suggesting the market will open down 0.08%.  What to watch today: In economic news, Australia’s Balance of Trade data for May...

US equities reached a new record high yesterday.  US American house prices grew 14.9% in April, beating expectations.  This morning the Aussie share market is set to open higher, for the final day of the financial year.  What to watch today:  Across Australia, capital cities are in lockdown and states are closing their borders, contributing to the markets pull back form its record high. As panic b...

As of today, 23% of the world’s population have received their first dose of the COVID-19 vaccine, according to Our World in Data.    Overnight, big tech names Zoom, Facebook and Peloton all increased over 4%.    Today, the futures are suggesting a negative day for the Aussie share market, given there are two days until the EOFY and three of Australia’s capital cities are in lockdown.    What to w...

 The Aussie share market is set for a slow start to the week, with the futures suggesting the market will rise 0.1%.  What to watch today:  With three days to go until the EOFY, selling/portfolio adjustments continue.  The City of Sydney is currently in lockdown. So all eyes are on travel, hospitality and retail stocks.  Watch Endeavour Group (ASX:EDV), after it demerged from Woolworths (ASX:WOW)...

With the end of financial year just days away, many investors are rebalancing their portfolios. Temporary setbacks for select stocks create opportunities. Plus, an agricultural stock to consider following a rise in almond demand.  In this week’s wrap, Jessica covers:  (0:28) The Tech sector erasing its yearly loss, rising 3.8% (1:00) Why investors are rushing back into Afterpay (ASX:APT) (2:08) Wh...

US equities rose overnight after President Joe Biden settled on an infrastructure deal, which is to include $579 billion in spending. All three US equity benchmarks closed higher.   Yesterday, the ASX200 closed in the red, down 23 points, in a session where Woolworths (ASX:WOW) demerged from Endeavour Group (ASX:EDV) who own liquor chains Dan Murphy’s and BWS. However, following the positive night...

Yesterday, the Aussie share market fell 0.6% to about 7,299 points.    Today, the Aussie share market looks set to fall again, with the futures suggesting the market will open 0.4% lower. This comes as NSW COVID-19 cases continuing to rise and the enforcement of new restrictions taking place, with the potential for further restrictions to be set in place in today’s update.    What to watch: Follow...

US equities rose overnight, with all three indices closing with gains.    However, the Aussie share market is set for a flat start, with the futures suggesting the market will fall 0.1%.   What to watch today:  As NSW COVID-19 cases rise, restrictions are likely to remain in place until the 30th June. The travel bubble between New Zealand and NSW has been put on pause for 72 hours. Watch Sydney Ai...

The Aussie share market is set to open higher, with the futures suggesting the market will rise 1.2%.   What to watch today:  NSW has abolished stamp duty costs on electric vehicles (EVs) in a bid to boost EV sales, as part of handing down its state budget today. All eyes will be on companies involved in lithium production, including Galaxy Resources (ASX:GXY), Pilbara (ASX:PLS) and Lake Resources...

The Aussie share market is set to open lower, with the futures suggesting the market will fall 1.5%.    What to watch today:  Australian Retail sales data is out today for May.  Today marks the 8th last trading day before the EOFY.  Lumber prices hit a record high in May of US$1,700 per thousand board feet. Watch lumber and wood producers, including Big River Industries (ASX:BRI), Wesfarmers (ASX:...

The Aussie share market smashed another record high this Wednesday, hitting 7,406 points. With a bullish outlook for the US economy, and better than expected Australian employment data, it's no wonder we're seeing high after high after high. In this week’s wrap, Jessica covers:  - (0:32) The eight big stock movers of the week - (1:10) What's driving markets - (2:15) Three technical...

Overnight US tech stocks claimed back some lost territory following a two day sell off.   This morning the Aussie share market is eyeing a positive day, with the futures suggesting a 0.5% lift, which means the market is on track for its 6th weekly gain.    What to watch today:  Traders and investors continue to readjust their portfolios with 9 more trading days until the EOFY.  Today tech stocks w...

Well the US Federal Reserve have kept rates unchanged, but raised expectations of at least two increases in interest rates by the end of 2023.  China announced yesterday that they would release national reserves of aluminium, copper and zinc, to stabilise commodity prices. This weighed down on miners, however the ASX200 still closed higher.  Despite US equities falling overnight, the Aussie share...

The Aussie share market is set to open lower, with the futures suggesting the market will fall 0.2%.    Traders and investors are exercising caution awaiting the Fed’s monthly announcement.    What to watch today:  Oil is up to US$72.12, at its highest level in almost three years.  Iron ore hit another record high at US$221.00. Australia and the UK agree to a free trade deal, with tariffs being ph...

On the Aussie COVID-19 vaccine front - Novavax’s COVID-19 vaccine candidates showed strong efficacy against the virus. This sparks good news for Australia’s vaccine strategy – as the federal Government has made the Novavax shot one of the key parts of its rollout and has 51 million doses placed on order. Given, the news of the Novavax vaccine, as well as the reasonably positive start to Wall Stree...

The Aussie share market hit three record highs this week as the Tech sector turned up the watts. However, the market now tracks sideways as it holds its breath for the Fed's interest rate announcement. In this week’s wrap, Jessica covers: (0:7) Old school Tech stock gains while Financial stocks get hit by EOFY portfolio adjustments (0:22) Altium (ASX:ALU) rising 27% as the standout stock of t...

The Aussie share market is set to open higher, with the futures suggesting the market will rise 0.1%.    All three US indices rose overnight, despite an inflationary reading that saw consumer prices rise more than expected.    What to watch today:  Food and beverage companies will be in focus, as Victoria ended its lockdown overnight and hospitality ventures reopen. Watch Wesfarmers (ASX:WES) and...

The Aussie share market is set to open lower, with the futures suggesting the market will fall 0.04% to 7,272 points.  Investors are cautious pending the release of the US Inflation report for May, which will be released tonight 10:30pm AEST.  What to watch today: Australia’s Consumer Inflation Expectations will be released at 11am this morning.  Watch Brickworks (ASX:BKW), after they just hit a r...

Yesterday the Aussie share market hit a brand new record high, reaching 7,316 points.  Today the Aussie share market is set to hit another all time high, with the futures suggesting the market will rise 0.14%.  What to watch today:  The tech sector is set to make a comeback. Watch WiseTech (ASX:WTC) and Appen (ASX:APX).  Also watch cyber security stocks, including Rhipe (ASX:RHP), Tesserent (ASX:T...

After a mixed session overnight on Wall Street, the futures are suggesting the Aussie share market will open 0.1% higher.    What to watch today:  Australia’s Business Confidence data will be released today and Consumer Confidence data to be released tomorrow.  US inflation data to be released on Thursday.  The oil price fell 0.1% to US$69.20 a barrel, iron ore is trading 0.5% lower and gold rebou...

US equities lifted on Friday, after the key May jobs report was released. The US economy added 559,000 jobs in May, coming in slightly lower than the estimate of 671,000. Despite the miss, it still showed a healthy rebound in the labor market and boosted confidence in the economic comeback. The unemployment rate fell to 5.8% from 6.1%, which was better than the estimate of 5.9%.  Tech shares rebou...

After 15 months of regaining losses, this week the Aussie share market hit a historical high, largely thanks to better than expected economic news. With the tax time sell-off approaching, investors are scouting the market for new opportunities, so this week, we've done the heavy lifting for you... In this week’s wrap, Jessica covers:  (0:07) Flying high - the ASX200's great pickup (1:17)...

The tech heavy was Nasdaq down around 1%, after tech stocks came under pressure following President Joe Biden proposing a minimum corporate tax rate of 15%, which would lift the overall tax rate to 28%. This saw Tesla shares fall 5.3%.  Despite all three US benchmarks closing lower, the Aussie share market is set to open higher, with the futures suggesting the market will rise 0.03% to 7,265 point...