Between the Bells

The local futures are pricing in that the market could fall 0.9% at the open. Overnight on markets, the undertone was mostly negative, with COVID-19 cases spiking in the U.S., China and Europe. The Dow fell 2.3%, marking its worst fall in 8-weeks. the S&P 500 shed 1.9% and the Nasdaq fell 1.6%. Commodities were weaker. Oil fell over 3% to US$38.55 with Libyan output rising. Gold steadied at US...

The Aussie share market is eyeing a gain of 0.3% following Wall Street’s positive close on Friday. The focus this week will be on economic data, with economic growth data out for the U.S. and Australia for the third quarter. In Australia, quarterly results this week are out for TPG (ASX:TPG), ANZ (ASX:ANZ), Janus Henderson (ASX:JHG) and ResMed (ASX:RMD). Local trading ideas: Bell Potter upgraded M...

In just one week the Aussie share market hit a seven-month high, whilst also hitting an eight-day low. It seems this pendulum of volatility is a reaction to the impending U.S. election in ten days. The technical viewpoint indicates there is upside to come. In this week’s wrap, Jessica covers: (1:05) Investors rotating out of defensive sectors and into cyclicals (1:19) Pro Medicus (ASX:PME) jumping...

The ASX200 is eyeing a flat open today with all eyes and ears on the U.S. presidential debate kicking off at 11am AEDT. The first COVID-19 treatment was approved by the U.S. FDA, giving Gilead Sciences’ drug, Remdesivir, formal approval to treat COVID-19. What to watch today: Restaurants, cafes, pubs and clubs will be able to take group bookings of up to 30 people. Flash PMI numbers for October ar...

The futures are suggesting the ASX200 will fall 1.1% following Wall Street’s close in the red and comes despite NSW restrictions being eased from tomorrow, with restaurants, cafes, pubs and clubs able to take group bookings of up to 30 people per group. U.S. investors lost patience that a fresh U.S. stimulus package would eventuate before the election in almost 11 days. But it’s important to note,...

The ASX futures are suggesting the market will lift 0.2%  - with the focus on Daniel Andrews opening Victoria’s boarders. This comes after seven of Australia’s largest companies, including BHP, Wesfarmers, CBA and CSL called on the government to open the boarders, saying ‘the current situation is not sustainable’.  Hopes are high for a new U.S. fiscal rescue package to be reached, with  House of R...

The futures are suggesting the Aussie share market will pull back 0.7% after the ASX200 scaled to a new 7-month high yesterday, its highest level since the 6th of March 2020. But remember the market is in a technical break out point, trading above its 200 and 50 day moving average, indicating the market is likely to explore higher levels. What to watch today: Reporting today: BHP’s (ASX:BHP) quart...

The ASX200 is set to gain 0.6% at the open with Victoria’s restrictions beginning to ease from today. There are 16 days until the U.S. election, but the focus for many remains on stimulus and economic news. Earnings are back in focus this week with IBM, Netflix and Tesla to report. China’s GDP growth numbers are out today and Flash PMI numbers for Australia, the U.S., the UK and Europe are out lat...

The Aussie share market kicked up 1.8% (Mon-Thu) following better than expected economic news and government stimulus. With uncertainty around the world, the risks appear manageable given the momentum behind economic growth.    In this week’s wrap, Jessica covers: (0:22) The Tech sector powering up 4% to a 20-year high (0:50) Afterpay (ASX:APT) hitting an all-time high & getting upgraded after...

The ASX200 is set to fall 0.2% at the open following some of the European Government reinstating COVID-19 restrictions. This saw London’s FTSE fall 1.7%. As for Commodities, the oil price fell back to US$40.99 after rising 4% in the two prior sessions. What to watch today: Rio Tinto (ASX:RIO) reports quarterly results today with all eyes on statements relating to coal as China allegedly suspended...

The futures are suggesting a pull-back of 0.2%, which will trim off some of this week’s gain of 1.3%. U.S. equities pulled back for the second session overnight, as investors came to grips that an American COVID-19 stimulus deal wouldn’t be reached before the November 3 presidential election. As for Commodities: The oil price lifted over 2% for the second day, nudging over US$41.11. Gold firmed 1%...

After five days of straight gains, it looks like some profit taking is in order today. The futures are suggesting a fall of 0.9% today.  The reason sentiment is likely to be weak today is because global equities pulled back overnight with the UK recording its highest daily rise in COVID-19 deaths. In the U.S., Johnson & Johnson’s COVID-19 vaccine study was paused due to an unexplained illness...

Another positive day is on the cards for the Aussie share market, with the ASX200 set to lift 0.8%.  Overnight in the U.S., optimism was high ahead of third quarter earnings being released with JPMorgan Chase and Delta Air reporting as early as tomorrow. Sentiment is also high on hopes of a stimulus package being inked, which will provide individuals with $1,200 of pocket money.  What to watch tod...

Last week the Aussie share market had a cracking week, closing 5.4% higher, its best weekly gain since April. Today the Aussie futures are suggesting a fall of 0.1% at the open. U.S. equities saw their best weekly gain since July with the NASDAQ and S&P500 closing higher. What to watch today: Diggers and Dealers, a mining forum kicks off today with 164 companies presenting. Energy stocks close...

The Aussie share market is eyeing a lift of 0.4% at the open. All eyes will be on the cyclical sectors tied to economic growth like Energy and Financials which are up the most this week. Aussie shares are on pace for the best week since April 10 thanks to budget stimulus. U.S. equities are having a good week too on the back of a potential $1,200 payment to individuals. What to watch: The oil price...

The Aussie market looks set to open 0.4% higher. So far the market has already gained 4.3% this week, its best gain in 20 weeks – so the key is sustaining that. Overnight, U.S. equities got a kick after U.S. President Trump back peddled in a Tweet, urging Congress to approve COVID-19 stimulus measures like airline support, support for small business and a $1,200 payment to individuals.  Commoditie...

The Aussie market looks set to open 0.3% lower. U.S. President Donald Trump announced that the White House will halt negotiations of a further stimulus package until after the election. The U.S. market was initially marching forth until his announcement, then began to wipe out some of the prior day's gains.   Commodities: -          Oil jumped 1.8% to US$39.91. -          Gold eased from its...

Well after the ASX ended 2.5% higher yesterday, its best day since June 16 ahead of the budget boost. The Aussie market is likely to lift 0.4% today. U.S. President Donald has been released from hospital and ahead of the news, U.S. markets rallied. Adding to that positive injection, U.S. lawmakers voted in favour of a $2.2 trillion Democratic coronavirus stimulus package. It now needs to pass thro...

The futures are suggesting a lift of 1.2% or 67 points, but trading is expected to be thin given it’s a public holiday in NSW, SA, ACT, QLD – so expect industrials and economic recovery stocks to be stronger, and tech stocks to follow Wall Street lower.  It’s also going to be one of the busiest weeks economically since the pandemic - with the Australian Federal Budget being handed down tomorrow ni...

With the impending U.S. election, and COVID-19 cases rising in Europe, October is likely to be the bumpiest month yet. We saw the Aussie share market fall 1.5% (Mon-Thu), as fund managers and investors adjusted their portfolios, selling down defensive sectors and buying into tech. In this week’s wrap, Jessica covers: - (0:20) The revolving door of sectors: Tech up 2.8%, while Utilities and Consume...

The Aussie share market is eyeing a fall of 0.5% at the open. For the first day of October in the U.S. it was a bumpy one, with equities briefly dipping into the red after a U.S. stimulus vote was delayed to next Thursday, with traders hoping it would be done sooner. What to watch today: On the economic side, retail sales are out today and are expected to fall 4.2%. The oil price has fallen 4% to...

The Aussie futures are suggesting a modest 0.2% or 11 point gain. It’s worth looking out for how stimulus talks develop, as well as the U.S. futures – as that that could affect our afternoon session. After U.S. equities pulled back for a day, they’ve sprung back into action overnight on better than expected jobs and home sales data. On the political side, the U.S. Treasury Secretary and House Spea...

The Aussie share market is eyeing a fall of 0.9% or 56 points ahead of the first of three Trump vs. Biden debates. U.S. stocks fell to their lows for the day after the New York City Mayor said NY’s daily COVID-19 cases are back above 3%, for the first time in months. That spooked airline investors, and airliners led the decline, with American Airlines, United and JetBlue falling about 4%. U.S. con...

The Aussie market is eyeing a 0.6% or 38-point lift following U.S. rally. Equities rallied for the second session, and started a brand new week in the green, with banking stocks leading the rally. Elsewhere on the street, other deals were being made, which boosted sentiment. Devon Energy and WPX Energy announced their merger is progressing, which sent their shares over 11% higher. The S&P500 r...