Stocks squeezed out a record high overnight, marking a positive start to the holiday-shortened week as investors adopted a “wait-and-see” attitude, ahead of the Federal Reserve’s January meeting minutes and upcoming retail earnings reports.
The Reserve Bank of Australia (RBA) has taken a significant step by lowering its cash rate from 4.35% to 4.10%—its first cut since 2020. This decision marks an important pivot in monetary policy, aimed at supporting economic recovery while keeping inflation in check.
Following the earnings release, the stock experienced a sharp 7% sell-off at market open. This pronounced negative reaction indicates that investors are increasingly wary of the sustainability of the reported earnings growth amid evident headwinds.
Challenger exceeded EPS expectations and maintained strong capital and cost control, but asset and liability experience losses, weaker annuity sales, and accounting distortions impacted statutory profits. While structural improvements in capital efficiency and expense management are evident, sales momentum in annuities remains a key challenge going into H2 FY25.
Challenger exceeded EPS expectations and maintained strong capital and cost control, but asset and liability experience losses, weaker annuity sales, and accounting distortions impacted statutory profits. While structural improvements in capital efficiency and expense management are evident, sales momentum in annuities remains a key challenge going into H2 FY25.
Audinate Group Limited reported 1H25 earnings that exceeded market expectations, particularly in terms of EPS (-$0.02 vs. -$0.12 expected). However, the company remains in a transitional phase, dealing with ongoing inventory overhang from OEM customers while seeing promising growth in software revenues and product mix shifts.
Stock closed just shy of record Friday as data pointing to weakness in the consumer and ongoing inflation concerns weighed upside momentum
Australian shares experienced an early boost but were trimmed by midday as profit-taking in Commonwealth Bank shares slowed gains. The index, which had risen as much as 0.8%, was up 0.3% at 8,567 points, while the All Ordinaries Index climbed 0.4%.
“Bulls vs Bears,” provides a comprehensive overview of current market trends, economic developments.
Anticipating next week’s company earnings and economic figures.
BHP WES FMG TLS JHX
Stay informed on the latest financial updates and trends with MPC Markets
Stock closed higher overnight after President Donald Trump signed an order to explore reciprocal tariffs on U.S. trading partners, but stopped of implementing the measures immediately as some had feared.
Stocks ended down overnight after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports.
