Morgans Financial Limited (Imports from Soundcloud)

US equity markets advanced, led by fresh solid gains for the technology sector - Dow slipped -35-points or -0.11%, extending declines into a fifth consecutive session. The broader S&P500 rose +0.88%, with Information Technology (up +4.45%) comfortably the leading primary sector performer and leading five of the eleven primary sectors higher. The Nasdaq jumped +1.71%, posting its best daily per...

Marcelo Matos, Chief Executive Officer of Stanmore Resources Limited presented at our latest Morgans Business Breakfast. Stanmore specialises in the production of high-quality QLD metallurgical coals for the seaborne market. With ownership interests in four operating open-cut mines and a diverse portfolio of eight potential developments primarily located in the Bowen Basin, QLD, Stanmore has estab...

US equity markets retreated as concern about the impasse in the debt-ceiling talks continued to grow - Dow fell -256-points or -0.77%. The broader S&P500 lost -0.73%, with Real Estate (down -2.21%) leading ten of the eleven primary sectors lower. Financials (down -1.31%), Financials (-1.31%) and Industrials (-1.27%) all fell over >1%. Energy (up +1.04%) was the sole primary sector to advanc...

ASX small cap industrials have had a difficult 12 months. Our strategist, Andrew Tang explains why he sees the risk/reward for the asset class turning more favourable. 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.co...

US equity markets retreated after a volatile session as the drawn out debt ceiling negotiations continued to weigh on sentiment, with losses accelerating in afternoon trading - Dow fell -231-points or -0.69%, The broader S&P500 -1.12%, with Materials (down -1.54%) and Information Technology (-1.50%) falling ~1.5% to lead ten of the eleven primary sectors lower. Energy (up +1.04%) was the sole...

US equity markets mixed in what was a muted session as investors continued to eye developments around the debt ceiling negotiations, although the Nasdaq scaled a nine month high - Dow fell -140-points or -0.42%. JPMorgan Chase & Co (down -0.83%) hosted an investor day and said it is planning an “unmatched” spending spree on new initiatives this year of more than $15B, which would include hirin...

US equity markets retreated as policymakers paused negotiations over the debt ceiling deal and nerves over the health of the US regional banking sector resurfaced - Dow fell -109-points or -0.33%, The broader S&P500 slipped -0.14%, with Consumer Discretionary (down -0.84%) leading seven of the eleven primary sectors lower. Energy sat atop the primary sector leaderboard on Friday (19 May) with...

US equity markets rallied, with the S&P500 and Nasdaq logging their highest closes since August last year amid reports of further progress in resolving the debt-ceiling debate in Congress - Dow rose +115-points or +0.34%, The broader S&P500 gained +0.94%, with Information Technology (up +2.06%) leading seven of the eleven primary sectors higher. The Nasdaq rallied +1.51%. Apple Inc (+1.37%...

US equity markets rallied as optimism emerged from Republican congressional leadership over averting a default on the debt ceiling - Dow rebounded +409-points or +1.24%, The broader S&P500 rose +1.19%, with Energy (up +2.07%), Consumer Discretionary (+2.04%) and Financials (+2.0%) all gaining 2%+ to lead nine of the eleven primary sectors higher. Utilities (down -0.36%) and Consumer Staples (-...

Morgans Chief Economist Michael Knox discussed the US economy and the possibility of shutdown by the US Government and what effect that will have for the next several quarters. 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: t...

Senior Analyst Nathan Lead recaps our coverage of the Banking sector. Including stocks such as Commonwealth Bank of Australia (ASX:CBA), National Australia Bank (ASX:NAB), Westpac Banking Corp (ASX:WBC), and ANZ Group Holdings (ASX:ANZ). 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...

US equity markets retreated as investors focussed on debt ceiling talks between President Joe Biden and House Speaker Kevin McCarthy, which concluded shortly before market close - Dow fell -336-points or -1.01%, falling back into negative territory for the year-to-date for the first time since 4 May and closing below its 50-day average for the first time since 30 March. The broader S&P500 lost...

US equity markets edged higher in subdued trading as investors awaited news about debt ceiling negotiations and assessed fresh data pointing to a cooling economy - Dow added +48-points or +0.14%, snapping a five session losing streak. The broader S&P500 rose +0.30%, with Materials (up +0.85%) and Financials (+0.82%) both rose over >0.8% to lead six of the eleven primary sectors higher. Util...

US equity markets drifted lower on Friday (12 May), forfeiting earlier gains in late morning trade after consumer sentiment data from the University of Michigan recorded a notable increase in consumer inflation expectations - Dow dipped -9-points or -0.03%, The broader S&P500 reversed earlier gains to settle -0.16% lower, Consumer Discretionary (down -0.89%) leading four of the eleven primary...

US equity markets slipped amid fresh concerns around regional banks and weaker commodity prices - Dow fell -222-points or -0.66%, extending declines into a fourth straight session. The Walt Disney Company dropped -8.73% after the media giant released its fiscal second-quarter results after the close of the previous session and recorded a decline in subscribers to its streaming business, Disney+. T...

Last night the Treasurer, the Hon. Dr. Jim Chalmers MP, handed down the Federal Budget for 2023/24. Our experienced analysts, Terri Bradford, Andrew Tang and Michael Knox have considered the implications from multiple perspectives and have provided insights on what this will mean for you. Read their full articles here: https://www.morgans.com.au/federal-budget-2023 Timestamps: 00:08 - Economic Str...

US equity markets advanced and treasuries rallied as the latest headline inflation data printed slightly weaker-than-expected, with value stocks lagging growth names following a choppy session - Dow slipped -30-points or -0.09%, with American Express Co (down -3.06%) and Nike Inc (-1.27%) notable drags. The broader S&P500 +0.45%, with Communication Services (up +1.69%) and Information Technolo...

US equity markets logged modest losses following a muted session as investors eye tonight’s AEST inflation figures - Dow eased -57-points or -0.17%. Boeing Co rose +2.34%, with confirmation that the company had struck a deal with Ryanair Plc that will see the Irish low-cost carrier buy up to 300 Boeing aircraft. The deal comes after discussions collapsed more than 18 months ago over a disagreement...

US equity markets settled narrowly mixed as an early rally in regional banking stocks faded, and with investors eyeing pivotal inflation figures later in the week - Dow eased -56-points or -0.17%, The broader S&P500 inched +0.05% higher, with Communication Services (up +1.27%) leading four of the eleven primary sectors higher thanks to solid gains from Google parent Alphabet Inc (+1.91%) and W...

US equity markets rallied on Friday (5 May) to snap a four session losing streak, with regional bank shares rebounding from steep losses, and as investors digested the latest monthly jobs figures - Dow rallied +547-points or +1.65%, The broader S&P500 +1.85%, with Energy (up +2.75%), Information Technology (+2.71%), Financials (+2.44%) and Consumer Discretionary (+2.5%) gaining 2%+ to lead all...

A very tight US labour market means another FED rate hike is likely before the FED pauses in June. 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

Morgans AM: Friday, 5 May 2023 by Morgans Financial

Morgans AM: Thursday, 4 May 2023 by Morgans Financial

US equity markets declined under the weight of fresh falls for regional banks and the energy sector - Dow down -367-points or -1.08%, The broader S&P500 lost -1.16%, with Energy (down -4.28%) and Financials (-2.30%) leading ten of the eleven primary sectors lower. Consumer Discretionary (+0.16%) was the only primary sector to settle in positive territory. The technology-centric Nasdaq fell -1....

Morgans AM: Tuesday, 2 May 2023 by Morgans Financial