Latest Market News

Wall St gains, Incitech profit surges, NAB ex-div today, MAF’s target price rise: ASX to open flat

15 Nov 2021 - Mixed market around the globe as earnings season winds down amid hot inflation. U.S stocks rallied but closed lower for the week. Commodity players and travel stocks fell led to a weaker performance in Europe. Evergrande’s move saw a wave of enthusiasm in Asian markets. MA Financial (ASX:MAF) rated as a buy with Ords giving its target price a 90 per cent jump to $10.50.

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Wall St gains, ANZ & MQG trade ex-div, CSR target price gets a boost: ASX to lift

08 Nov 2021 - Wall St extended its winning streak on a better-than-expected jobs report and positive results from trials of Pfizer’s Covid-19 antiviral pill. European markets rose as oil prices lifted energy stocks while International Airlines Group takes-off on Pfizer’s news. ASX had its best close on Friday since 16 September amid RBA’s November Statement on Monetary Policy. Morgan Stanley gives CSR’s (ASX:CSR) target price a boost.

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Wall St extends record high, NAB declares 67c div on profit beat, Orica’s is a neutral: ASX to lift

09 Nov 2021 - Mixed start to the week with the major indexes around the globe. Wall St pushed further into record territory after a bipartisan infrastructure investment bill was passed by the House of Representatives. European markets were mixed while Asian stocks reacted to China’s export figures. Back home, the local bourse snapped its 3-day winning streak as M&A emerged. Credit Suisse downgraded Orica’s rating (ASX:ORI).

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Wall St tumbles, Warren opposes reappoint of Fed Chair, CSL rated as Neutral: ASX to fall

29 Sep 2021 - Global stocks saw a sell-off while energy stocks climbed on a supply crimp. Inflation worries ripple as treasury bond yields climb. Fed Chair described as a "dangerous man" from Senator Elizabeth Warren amid scruitiny on trading conduct of FOMC members, including Mr Powell himself. Credit Suisse rated CSL (ASX:CSL) as a buy with a dampened outlook ahead.

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