16 May 2022 - Oversold conditions attracted dip buyers and investors searching for beaten down stocks after 5 brutal days, following the Fed's decision the prior week. Deep dive of the YTD performance of the ASX and why amid a rising treasury yield environment. What to keep an eye out for the week.
13 May 2022 - Wall St closed mixed in another volatile session, following hot inflation figures in April for both consumers and producers. Deep dive on the Crypto collapse, featuring TerraUSD, Avalanche, Solana, Bitcoin. Janus Henderson (ASX:JHG) trades ex-dividend today.
12 May 2022 - US stocks fell across the board as investors assessed persistent inflation after the consumer price Index rose by an annual rate of 8.3 per cent. Some analysts see the data as a sign that the Fed is behind the curve in curbing inflation. CBA has delivered a $2.3b March quarter profit but warns of margin pressure. NAB has expressed interest in the banking arm of Suncorp.
11 May 2022 - Wall St closed mixed lifted by information tech and M&A news in the biotech sector as dip buyers emerge ahead of the next CPI print. Shanghai stocks bucked the trend after the PBoC vowed to support the economy. NAB trades ex-div today.
10 May 2022 - Global benchmarks continue to tumble with several cross currents weighing on investor's minds. After China's President on Friday recommitted to the zero-Covid19 strategy, the prospect of extended lockdowns sparked further fears of a global economic slowdown. AUD fell over 1%, now 69.6 US cents. Commodity prices, including iron ore and oil tumble on demand concerns.
09 May 2022 - Global sell-off extended on Friday despite a strong April jobs report. Japan’s Nikkei bucked the trend, rallying after coming back from a holiday. The US and its G7 allies impose a new round of sanctions in a special virtual meeting on Russia a day before president Vladimir Putin marks the anniversary of the end of World War II. ANZ Bank (ASX:ANZ) trades ex-div today.
06 May 2022 - Wall St tumbled over 3 per cent with the Nasdaq cratering 5 per cent as investors reassess the Fed's comments. OPEC+ agrees to modest increase to output. The Bank of England raised rates and slashed its growth outlook. SPI futures pointing to 1.5% drop
05 May 2022 - Wall St soars in celebration of Fed Chair ruling out bigger rate hikes after plating a 50 basis point hike this morning. ASX faded into the close in anticipation of the news after investors learned of banks raising mortgage interest rates, following the surprised RBA rate hike. Oil prices jumped amid EU’s plans to phase out Russian oil imports.
04 May 2022 - A choppy performance on Wall St as stocks held onto its gains ahead of the FOMC rate decision tomorrow. China and Japan shut for holidays. ASX closed in negative territory, following surprised 25 basis rate hike.
03 May 2022 - Wall St turned higher ahead of the Federal Reserve’s policy meeting this week. European markets closed lower amid several companies traded without the right to their dividends. ASX set for a muted open ahead of the RBA meeting.
