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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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16Nov

Retail earnings support market rally: US lithium stocks struggle across the globe

16 Nov 2022 - Elsewhere, retail stocks also lifted investor sentiment. Walmart shares jumped on a bumper third quarter. The retail giant said that sales were up nearly 9 percent from a year ago, as shoppers flocked to cheaper groceries and other items; shares advanced just over 6.5 per cent. Despite the market rally lithium companies were lower with Lithium America down 3.5 per cent, Albemarle 6.5 per cent lower and Livent falling 6.8 per cent.

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14Nov

Behind the market rally, Tesla may be struggling in China

14 Nov 2022 - The gyrations Elon Musk is engaging in at Twitter to save his US$44 billion investment appears to be far more important to stock market sentiment than the continuing implosion of the crypto world. As Elon Musk struggles to contain his growing losses at Twitter, Tesla’s struggles in China are raising questions about the revenue and earnings stability of the EV making giant.

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11Nov

Markets fly after CPI data: Crypto industry on the precipice

11 Nov 2022 - Stocks surged after October’s reading of consumer prices raised investor hopes that inflation has peaked.With today’s CPI number coming down, the market is now betting pretty clearly that they think the interest rate rises are coming close to an end. The move in the S&P was the biggest move on a day ever following CPI data

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10Nov

US midterm election results hit markets as the red wave fails to materialise

10 Nov 2022 - All eyes were on the midterm US election results overnight as Joe Biden and the Democrats have avoided sweeping defeats but still risk losing control of Congress to the Republicans after election results showed Americans are unwilling to hand a strong political mandate to either party. With election results uncertain, the red wave that investors and betting markets expected did not materialise causing the market sell off.

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08Nov

Markets focus on US midterm elections and Thursday’s CPI data

08 Nov 2022 - Stocks rallied Monday as investors looked ahead to a packed week with congressional midterm elections and key inflation data on deck over the next few days, and shrugged off a supply warning from Apple. Tuesday’s midterm election will determine which party will control Congress, and affect the direction of future spending. On the economic front, investors are anticipating that Thursday’s consumer price index report will give further insight into how far the Federal Reserve needs...

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