Latest Market News

Wall St climbs on earnings, Broker ratings for IAG & Hub24: ASX to rise

22 Jul 2021 - Wall St and across Europe continued its rally as nerves eased on the rising Covid-19 cases. Investors turned their attention to company earnings results which helped boost optimism. A rally was seen in oil prices and in treasury bond yields while Asian markets were mixed. Why is IAG (ASX:IAG) a buy and why Macquarie downgrades Hub24 (ASX:HUB).

Read more...

Wall St climbs on earnings, Broker ratings for IAG & Hub24: ASX to rise

22 Jul 2021 - Wall St and across Europe continued its rally as nerves eased on the rising Covid-19 cases. Investors turned their attention to company earnings results which helped boost optimism. A rally was seen in oil prices and in treasury bond yields while Asian markets were mixed. Why is IAG (ASX:IAG) a buy and why Macquarie downgrades Hub24 (ASX:HUB).

Read more...

Wall St rebounds, Treasury yields bounces after dip in U.S. building permits, Why Stockland is a hold: ASX poised to rise

21 Jul 2021 - Wall St, European and UK indexes staged a comeback after Monday’s profit taking as investors buy the dip. Asian stocks edged lower echoing fears from the U.S on the rising delta variant cases. Why Stockland Group (ASX:SGP) is a neutral. ABS to release June retail trade figures. Three companies set to arrive on the ASX.

Read more...

Wall St slides, OPEC+ agrees to boost oil, OceanaGold +13% gold in Q2, Morgan lifts Spark after $5bn bid: ASX to fall

19 Jul 2021 - Global stocks closed in the red on Friday on growing Covid-19 cases in the U.S. Investors continued to watch earnings season on Wall St for further signs of growth. In Asia, indexes closed mixed on Japan’s steady monetary policy while back home, low rates spur merger and acquisitions spree on the chase of higher valuations. Economic & earnings outlook coverage locally and overseas. OceanaGold (ASX:OGC) reports 12.8% boost to Q2 output. Morgan Stanley upgrades Spark...

Read more...

Wall St sinks on bond rally as investors flee stocks, Why Westpac is bearish: ASX to fall

20 Jul 2021 - A market meltdown across the globe was seen as resurging fears of the delta variant accelerates. Rising cases are causing international stocks to skid as it threatens the pace of the economic recovery. Oil prices tumbled after OPEC+ agreed to boost supply to pre-pandemic levels. Why Westpac (ASX:WBC) is bearish for StockWatch. ANZ and IAG release news.

Read more...

Wall St slides, OPEC+ agrees to boost oil, OceanaGold +13% gold in Q2, Morgan lifts Spark after $5bn bid: ASX to fall

19 Jul 2021 - Global stocks closed in the red on Friday on growing Covid-19 cases in the U.S. Investors continued to watch earnings season on Wall St for further signs of growth. In Asia, indexes closed mixed on Japan’s steady monetary policy while back home, low rates spur merger and acquisitions spree on the chase of higher valuations. Economic & earnings outlook coverage locally and overseas. OceanaGold (ASX:OGC) reports 12.8% boost to Q2 output. Morgan Stanley upgrades Spark...

Read more...

Wall St wobbles on Fed Chair testimony, inflation tug-of-war continues, Afterpay’s price target gets slashed: ASX to fall

15 Jul 2021 - Global markets took a step back to digest the state of affairs on inflation. U.S. shares closed mixed as the Federal Reserve chair testified before a House finance committee. Inflation blues hits Europe. I also cover how Apple Pay in 4 work & why Goldman Sachs involved. Macquarie drops target price rating for Afterpay (ASX:APT).

Read more...