Balanced Portfolio Recommendation: Buy – CSL Ltd (CSL)
CSL is also very close to trial results for a heart attack drug CSL112, a key pipeline product for CSL. Base case assumptions imply a valuation of around $30/share.
October 2023
Pre-Market Pulse 14th October – Strong bank earnings support DOW as Tech weighs
Equities finished generally lower on Friday on continuing geopolitical pressure weighing on the market into a weekend.
Closing Bell 13th October: China’s Sluggish CPI Raise Economic Concerns
China’s unchanged consumer inflation in September and declining producer prices signal potential economic challenges, amidst a property crisis and waning consumer confidence.
Pre-Market Pulse 13th October – Hot Inflation & employment data lifts yields
The CPI rose to 0.4% in September, taking the annual rate to 3.7%, slightly above expectations for a 0.3% and 3.6% rise respectively.
Closing Bell 12th October: Oil Markets Navigate Israel-Hamas Tensions; RBA Eyes Rate Hike
Amidst the Israel-Hamas conflict, oil prices waver, while the Reserve Bank of Australia contemplates a potential rate hike in its upcoming November meeting.
US Earning Calendar: 16th October – 20th October
Anticipating next week’s US company earnings updates. Key insights, market reactions, and expert analysis. Stay informed on the latest financial updates and trends.
Pre-Market Pulse 12th October – Equities grind higher on “peak rates” bets ahead of CPI
Investors shrugged off PPI (Producer Price Index) data pointing to an uptick in the pace of inflation as equities gained ahead of the key CPI
US Earning Calendar: 9th October – 13th October
Anticipating next week’s ASX company earnings release. Key insights, market reactions, and expert analysis. Stay informed on the latest financial updates and trends.
Closing Bell 11th October: Global Rate Halt Speculations Soften Bond Yields as Israel Preps for Ground Offensive
Australian and US bond yields reflect growing sentiments against rate hikes. Meanwhile, Israel signals a potential ground assault, escalating Middle East tensions.
Pre-Market Pulse 11th October – Equities get bond yield relief as Fed speak turns dovish
Equites closed higher on Tuesday after dovish comments from U.S. Federal Reserve officials pushed Treasury yields lower while investors cautiously monitored developments in the Middle East.
Closing Bell 10th October: ASX Soars Amid Global Economic Signals
The S&P/ASX 200 rallies past 7000, influenced by US Federal Reserve’s stance and NAB’s inflation insights, with all sectors, especially utilities and energy, registering gains.
Pre-Market Pulse 10th October – Equities edge higher despite geopolitical woes
Equites edged higher as investors bought the early-day weakness after weighing up a more cautious tone rate hike from Federal Reserve officials and rising geopolitical tensions amid fears the Israel-Hamas conflict.