Morgans Financial Limited (Imports from Soundcloud)

Morgans Chief economist Michael Knox explains how the Saudis "'manage up'' the oil price. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans. Australia On Twitter: twitter.com/MorgansAU

US equity markets retreated, logging their lowest close September to date as Treasury yields climbed ahead of the conclusion of the Federal Reserve’s two-day monetary policy meeting - Dow fell -107-points or -0.31%. Walt Disney Co fell -3.62% after announcing plans to nearly double its investment in its cruise and parks business.

This podcast is partnered with Morgans Financial Limited, Australia’s largest full-service stockbroking and wealth management network. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans. Australia On Twitter: twitter.com/MorgansAUCheck out more from Su...

US equity markets eked out slight gains in volatile trade as investors eyed the latest advance in crude prices and looked ahead to a busy week of central bank meetings including interest-rate decisions from the Federal Reserve, Bank of England and Bank of Japan - Dow eked out a +6-points gain.

US equity markets retreated on Friday (15 September), with technology stocks under pressure - Dow fell -289-points or -0.83%. Cisco Systems Inc (down -0.59%) announced another round of job cuts, with the networking company announcing that it will lay off 350 employees in Silicon Valley next month. Last year, Cisco announced it would slash ~5% of its workforce, roughly 4,000 jobs, and laid off near...

US equity markets rallied as investors digested strong wholesale prices and retail sales data - Dow gained +332-points or +0.96%, booking its largest daily point and percentage gain since 7 August. The broader S&P500 rose +0.84%, with all of Real Estate (up +1.71%), Utilities (+1.17%), Materials (+1.40%), Energy (+1.26%) and Communication Services (+1.18%) rising over >1% to lead all eleven...

US equity markets edged higher and Treasury yields declined as investors digested the latest inflation figures - Dow eased -70-points or -0.20%, The broader S&P500 +0.12%, with Utilities (up +1.21%) and Consumer Discretionary (+0.90%) leading seven of the eleven primary sectors higher. Real Estate (down -1.03%) and Energy (-0.76%) sat at the foot of the primary sector leaderboard overnight. Ci...

US equity markets declined and oil prices hit fresh 2023 highs ahead of the release of the latest monthly inflation figures tonight AEST - Dow dipped -18 points or -0.05%, The broader S&P500 eased -0.57%, with Information Technology (down -1.75%) and Communication Services (-1.06%) falling over >1% to lead eight of the eleven primary sectors lower. Energy (up +2.31%) was the clear outperfor...

US equity markets advanced, with both the S&P500 and Nasdaq booking their biggest daily percentage gains since 29 August ahead of US inflation and retail sales figures later in the week - Dow up +87-points or +0.25%. Walt Disney Company rose +1.15% after CNBC reported that the media and entertainment giant has come to an agreement with cable giant Charter Communications Inc (+3.18%) to restore...

US equity markets advanced on Friday (8 September) but settled off their session highs as investors eyed inflation data later this week - Dow up +76-points or +0.22%, Goldman Sachs Group Inc settled +1.11% higher on the news that the investment banking giant would cut underperformers as soon as October - a regular practice that it had paused in during the pandemic - according to the Financial Time...

Technology stocks dragged US equity markets lower amid fresh concerns that interest rates could remain elevated for some time, and with investors eyeing the latest inflation data next week - Dow edged +58-points or +0.17% higher. Intel Corp rallied +3.24% to US$38.18, the chipmaker’s highest close since 28 July, 2022 and logging it ninth consecutive session gain – the stocks’ longest winning strea...

Morgans AM: Thursday, 7 September 2023 by Morgans Financial

US equity markets resumed trading following the Labor Day long weekend, with value stocks under particular pressure as investors digested some disappointing manufacturing orders data - Dow fell -196-points or -0.6%, The broader S&P500 -0.42%, with Materials (down -1.81%), Industrials (-1.69%) and Utilities (-1.54%) all declining over >1.5% to lead eight of the eleven primary sectors lower....

US equity and bond markets were CLOSED overnight for the Labor Day holiday. In US economic data, Factory Orders for July are released tonight AEST.

US equity markets closed out a strong week on firmer footing after many felt the latest jobs data afforded the Federal Reserve room to hold interest rates steady and put the economy on track for a ‘soft’ landing - Dow rose +116-points or +0.33%, trading more than >250-points higher earlier in the session. Intel Corp up +4.13% was the leading Dow component, extending gains a day after Chief Exec...

Morgans AM: Friday, 1 September 2023 by Morgans Financial

Morgans Senior Analyst Adrian Prendergast comments on this Reporting Season's result from Mineral Resources (ASX:MIN), who delivered a mixed P&L performance (underlying beat but it came with impairments), but impressed with its cash flow and dividend performance. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook:...

US equity markets logged modest gains, advancing for a fourth consecutive session and further curtailing August’s losses as investors weighed signs of cooling in the labour market and revised data on economic growth in the second quarter - Dow edged +38-points or +0.11% higher, with Apple Inc gaining +1.92% a day after confirming 12 September as the date for its latest product event where the comp...

This podcast is partnered with Morgans Financial Limited, Australia’s largest full-service stockbroking and wealth management network. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans. Australia On Twitter: twitter.com/MorgansAUCheck out more from Su...

US equity markets and bonds rallied following data that showed signs of a cooling labour market that could further ease pressure on the Federal Reserve to raise interest rates - Dow up +293-points or +0.85%. The broader S&P500 rallied +1.45% to log its best day since June, with Communication Services (up +2.46%) and Consumer Discretionary (2.35%) rallying over >2% to lead all eleven primary...

Morgans Head of Research Alexander Mees comments on the latest Retail/Consumer sector results for this August 2023 reporting season. Focusing on Lovisa (LOV) & Domino's Pizza (DMP). Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans. Australia On T...

US equity markets advanced to kick off the final trading week of August, picking up from where they left off last Friday (25 August) following Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium. A number of analysts felt that the central bank chief had set a high bar for further interest rate hikes, whilst eyeing key inflation and employment data at the back end of...

US equity markets advanced after searching for direction earlier in last Friday’s (25 August) session as investors awaited Federal Chair Jerome Powell’s address in Jackson Hole - Dow rose +247-points or +0.73%, having rallied over >300-points at its session peak. Boeing Co (up +2.81%) was the leading Dow component on Friday (25 August) after Bloomberg reported that the that two aircraft slated...

Morgans Senior Analyst Scott Power comments on the latest Healthcare sector results for this August 2023 reporting season. Focusing on Sonic Healthcare (SHL) & Ramsay Health Care (RHC). Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans. Australia...

Mitchell Services (ASX:MSV) is an ASX listed drilling services provider and is Australia’s most diverse drilling company. The Mitchell brand has successfully operated in the mining and resources sector for over half a century. It currently has 100+ surface and underground rigs, more than 700 experienced employees and a strong track record of performance and growth. Mitchell's world class fleet is...