Weekend Edition: 22nd September 2023
Markets face volatility as US Treasury Yields hit highs and Jeremy Grantham predicts a US recession. Crude prices fluctuate amid supply cuts and Russia’s export ban.
Closing Bell 22th September: ASX Mitigates Early Losses as Energy Stocks Experience a Rally
The ASX curbed initial losses, ending just 0.3% down, driven by a rally in energy stocks amid global supply concerns following Russia’s fuel export ban.
Closing Bell 21th September: Federal Reserve’s Stance Concerns Wall Street Analysts
The Federal Reserve’s decision to hold rates has raised eyebrows on Wall Street. Pessimistic views dominate, with concerns about inflation, growth, and potential market instability.
Closing Bell 20th September: US Fed Decision Awaits as Investors Eye Rate Projections
Iron ore prices surge with Chinese steel mills’ demand. Economists debate Australia’s rate-hike. Investors keenly await US Fed’s updated quarterly rate projections.
Closing Bell 19th September: Mining Stocks Decline as China’s Economic Woes Deepen, RBA Sounds Alarm on Growth Outlook
Iron ore prices drop as China’s property crisis deepens; mining giants BHP, Fortescue, and Rio Tinto face losses. RBA warns of impacts on Australia’s growth.
Alpha Portfolio Recommendation: Buy – Stanmore Resources (SMR)
A recent rally in the underlying coal price and broker upgrades for Stanmore have seen consensus price targets shift to around $4, We are generally bullish the energy sector and see SMR as a short term buy with a 10% trailing stop
Closing Bell 18th September: ASX Faces Broad Decline Tech Stocks Hit Hardest Amidst Market Shakeup
ASX sectors plummet with tech leading the decline. Whitehaven Coal’s potential Queensland mine acquisitions stir controversy amid investor concerns over market transparency and buy-back suspension.
Closing Bell 15th September: Positive US Data Fuels ASX’s Biggest Surge in 10 Months
The ASX witnessed its largest surge in 10 months, driven by positive US data. Mining giants and major banks led the gains, defying market expectations.
Weekend Edition: 15th September 2023
MPC’s CEO discusses ASX dynamics on Ausbiz, Australian job growth surprises, and rising oil prices pose challenges for global economies.
Closing Bell 14th September: AU Unemployment surprises, Uranium Fuels ASX’s Rise
Today’s ASX performance showcased gains in materials and energy, reflecting broader economic positivity, while uranium stocks rally following a promising World Nuclear Association report.
Closing Bell 13th September: ASX Follows Wall Street’s Lead All Eyes on US CPI’s Role
ASX mirrored Wall Street, tech and IGO affected. Dreadnought, Monadelphous, and Pact Group made headlines. CPI’s influence on market sentiment remained a key talking point.
Closing Bell 12th September: Mining Gains Offset by Energy and Banking Drops
Today’s economic landscape saw resilient business conditions, ASX fluctuations, and mining magnates influencing West Australian asset acquisitions, highlighting the power plays in the financial world.