Author - Craig Foley
22Nov

Oil bounces off lows as Disney shares support Dow

22 Nov 2022 - Stocks fell Monday in a volatile session to start a short trading week due to the Thanksgiving holiday. Fears that China may again ramp up Covid restrictions after reporting deaths from the virus weighed on markets, sending energy stocks and oil prices lower. In Australia today - the Treasury will release a discussion paper on BNPL sector.

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21Nov

Markets treading water ahead of US earnings, economic data & ASX AGMs

21 Nov 2022 - The major averages ticked higher in afternoon trading Friday to end the day on an upbeat note as investors assessed tougher language from Federal Reserve speakers and poured over the latest earnings reports. There’s a few quarterly results to be released - quite a few annual meetings in Australia - and at the end of the week America will close for the annual Thanksgiving break on Thursday and then the start of the Black Friday...

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18Nov

Energy stocks disconnect from falling oil price: More high profile crypto casualties announced

18 Nov 2022 - Overnight oil stocks continued to show a clear disconnect from the commodity they track. The energy sector is reporting the greatest increase in net profit margins compared to its 5-year average. Whereas oil and gas prices have declined from recent highs, capital management initiatives like increased dividends and share buy backs has led the sector to outperform the broader market.

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17Nov

Falling consumer demand hit retailers: Commodities soaring

17 Nov 2022 - Markets fell on Wednesday as investors weighed a gloomy holiday quarter update from Target that pressured retail stocks. Target blamed higher inflation and shifts in consumer spending for the drop in demand for everything from toys to home furnishings. In the background commodity prices are soaring as China lends support to their property market.

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