Between the Bells

The Aussie share market is eyeing a 0.4% lift at the open following the 1.7% gain last week.  Today in Victoria, childcare centres reopen, primary schools return and the curfew is scraped, with 127,000 people allowed to return to work. Supermarkets, food distribution centres, abattoirs, seafood and meat processing plants also increase capacity, which is good news for the economy. While at the same...

The Aussie share market sees a gain of 1.3% – the best weekly gain in seven weeks. European governments are dealing with their second wave of COVID-19, forcing Australian investors to buy into defensive stocks. Meanwhile, the USD pushed higher, putting pressure on commodities. In this week’s wrap, Jessica covers: (0:12) The Sector Report: Healthcare gets a health kick, rising 4% (0:56) Service Str...

The Aussie share market is eyeing a red start with a fall of almost 1% at the open. U.S. equities fell lower overnight as lawmakers struggled to progress a new stimulus deal, despite the Fed Reserve calling upon fiscal help to support the U.S. economy. What to watch today: With the rise of the U.S. dollar, keep an eye on the ETF USD and companies that could benefit from the fall of the Aussie doll...

Australia will start to reopen its boarders in a bid to get the economy back on track, while the UK enters tougher restrictions for potentially the next six months. In the U.S., existing home sales soared 2.4% in August, to the highest reading in 14 years, supported by record low interest rates.  Strong earnings, economic news and stimulus hopes supported sentiment and saw U.S. equities attempt to...

Overnight we saw a risk off environment unfold as the UK considers another national lockdown to slow rising infection rates. That saw tourism stocks move lower with Carnival shares down 6.7% and Delta Air falling 9.2%. Elsewhere, investors sold down banks as allegations swirled that a number of international banks have been moving illicit funds over the last two decades. But there was some light -...

The Aussie share market is eyeing a fall of 0.6% at the open following Wall Street’s decline.   U.S. equities closed lower on Friday and saw their third straight weekly fall. On Wall Street, investors continued to sell out of the Tech sector and invest into the best performing sector this month, Materials. What to watch: This week, manufacturing numbers will be released in the U.S., UK, the Eurozo...

There's light at the end of the tunnel this week, with 111,000 Aussies returning to work rather than the projected further loss of 35,000 jobs. Plus, the Aussie share market followed the U.S. blue-chip rise, closing 0.4% higher (Mon-Thu). In this week’s wrap, Jessica covers: Three stocks to watch given home sales are up 3.6% The Sectors report: Real Estate rose 2.3% Five stand out stocks this...

The Aussie share market is eyeing a 0.3% gain at the open with the focus on Victorian COVID-19 cases declining. The Aussie share market has gained 0.4% so far this week, this puts the market on pace to close higher for the first time in 6 weeks. U.S. equities had their second straight negative session overnight, while stocks managed to end above their lows on Thursday. U.S. weekly job claims rose...

The Aussie share market is eyeing a 0.2% fall at the open following Wall Street’s mixed lead. U.S. stocks mostly fell overnight for the first time in three days, this came after the U.S. Federal Reserve dropped its economic growth forecast for next year to 4% from 5%, and shaved 2022’s GDP forecast to 3%. What to watch today: The focus will be on employment numbers for August. We know 115,000 peop...

The Aussie share market futures are suggesting the market will lift 0.8% following Wall Street’s gain, which was led by tech stocks bounding ahead. In afterhours trade – better than expected earnings results came through from FedEx and Adobe which lifted their shares by 9% and 2% respectively. However – the U.S. futures are flat as investors are awaiting comments from the US Federal Reserve. Commo...

COVID-19 vaccine hopes; electric car demand picking up in China; and the Tech tech-takeover- kicked Wall Street back into buying the dip and rebound mode. Sentiment got a boost when AstraZeneca resumed phase three trials following a halt due to safety reasons. This saw the Nasdaq rise 1.9%, the S&P500 gain 1.3% and the Dow lift 1.2%,   Commodities  Oil fell 0.2% - US$37.26  Gold, gained US$17....

The Aussie share market is shaping up for a quiet start to the week with the futures eyeing a gain of 0.1% at the open. This comes after Wall Street wrapped up its session on Friday on a mixed note. A very busy week is on the cards for markets with the RBA, the U.S. Fed, Bank of England and Japan to shed light on the state of each of their economies and potential further stimulus, as they release...

It's been an eventful week as the ASX reshuffles its deck. But not all eyes are on the domestic market, as key events unfold around the U.S. Presidential election and the booming tech sector loses a touch of its charge.  In this week’s wrap, Jessica covers: (0:37) The Sectors report: Oil falls and Energy retreats (0:48) Rio Tinto (ASX:RIO) gains 5% as investors back copper (0:57) Two things t...

Aussie investors are expecting a negative session with the futures eyeing a 1.3% fall at the open. So far this week, the market is down 0.3% and is heading for its fourth weekly pull back. Markets attempted to rally overnight but the U.S. tech pull back returned, as investors questioned how expensive U.S. stocks are based on the earnings they generate. What to watch today: Cleanaway Waste(ASX:CWY)...

The Aussie share market is set to lift 1.3% at the open as investors look to buy back into the market, given it’s now back at late June prices. What to watch today: CSL (ASX:CSL) goes ex-dividend today, transferring the dividend right to shareholders. So if you’ve been looking to buy CSL, today could be your day, as companies generally trade lower on days they go ex-div. Other companies going ex-d...

The Nasdaq officially entered correction territory, collecting a 10% loss over the last three trading days. What was noteworthy was that Tesla shares fell 21% - their biggest drop on record - after Tesla was snubbed from being added to the S&P500. Other tech darlings that have pulled markets to all high, this year like Apple and Microsoft both took another hit, losing 6.7%. This explains why t...

U.S. and Canadian markets closed overnight for Labour Day, rendering a silent night. London’s market rose 2.4%, German and French markets followed off the back of economic cyclical stocks like autos leading the gains. Commodities: • Gold steady at US$1,935 • Oil fell further below US$40, losing over 5% in the last 2 sessions, now trading at US$39.07. • Copper trades at US$3.05, its highest since J...

Looks like it could be a quiet day as U.S. and Canada’s markets are closed for public holidays this evening Aussie time. The local market will get to react to having Victoria’s lockdown extended, with the Aussie futures earlier suggesting a 0.6% fall at the open. A ray of sunshine came over the U.S. with employment conditions improving in July. This was more than expected with the unemployment rat...

The hustle and bustle of reporting season is over, but the Aussie share market continues to twist and turn as Australia officially entered its first recession in 30 years. Aussie tech stocks also came under pressure this week as investors feared increased competition following PayPal's entry into the buy now pay later market. In this week’s wrap, Jessica covers: (0:40) The Aussie Tech sector...

It will be a day of red for the Aussie share market bracing for a fall of 1.95% at the open. Just a day after the benchmark S&P500 and tech-heavy Nasdaq hit brand-new record highs, U.S. equities tumbled overnight, seeing their biggest drop in months as investors locked in profits. Despite the better than expected economic news with jobless claims falling more than expected, investors took the...

The Aussie share market should see a lift of 0.7% at the open, making a nice addition to yesterday 1.8% gain. Wall Street had another smashing night with the benchmark S&P500 and tech-heavy NASDAQ hitting brand new record highs. The AUD fell to 73.35 U.S. cents, dragged by weaker than expected Aussie GDP data yesterday. What to watch today: After learning the Aussie economy shrank 7% from Apri...

Records were smashed in the U.S. overnight for two key reasons: (1) U.S. factory activity in August saw its biggest expansion since November 2018 and (2) video conferencing company, Zoom, reported a 360% jump in revenue, pushing its shares up 41%. The S&P500 ended 0.7% higher, closing at brand new record, while the Nasdaq soared 1.4% also breaking its prior record.    Commodities :  Gold lifte...

The Australian dollar has continued to soar, hitting a new two-year high overnight, 73.75 US cents. The reason for that is that the U.S. dollar continues to retreat, as inflation is now being encouraged to rise to over 2%, while interest rates are likely to remain at record lows for some time. Overnight, U.S. indices closed mixed, with the top 30 stocks, the Dow Jones falling 0.8%. The Nasdaq mean...

The Aussie futures are suggesting a 0.7% fall at the open despite U.S. stocks shining on Friday. This really reflects how differently we have been performing to the U.S. market of late, given their market is mainly tech stocks and ours is heavily made up of banks and miners. The Australian dollar has scaled to its highest level in two-years to US$0.736, with the U.S. dollar continuing to fall. It...

We saw 35 companies report this week, the busiest reporting season week in August. Most results came in line or beat expectations, while a handful of reports dragged the chain.     In this week’s wrap, Jessica covers: (0:6) Reporting Season's final dash (0:16) Sectors: Tech shines, while Utilities dampen (0:5) Who beat, who met, and who missed expectations? (2:49) The reporting season big pic...