Between the Bells

Weekly Wrap 15 September

September 15, 2023 04:00 - 7 minutes - 5.05 MB

Artificial Intelligence or AI is the phrase and phenomenon of 2023, paving the way for hyper efficiencies, cost-cutting, and overall operational excellence. With recent government assistance, the scale of in-house investing in AI for ASX listed companies is ramping up. Learn about which companies are leading the way. In this week's wrap, Grady covers: (0:11) Australia’s AI landscape (1:08) Temple & Webster’s (ASX:TPW) AI investment strategy (1:54) WiseTech Global’s (ASX:WTC) acquirement ...

Weekly Wrap 8 September

September 08, 2023 05:00 - 8 minutes - 6.26 MB

With reporting season for August 2023 coming to an end, investors are being paid their dividends. Investors received $36.8 billion last financial year compared to $29 billion this financial year from the largest 100 ASX listed companies which represented a 21.2% reduction. We take a look at the companies that disappointed and those that surprised. In this week's wrap, Grady covers: (0:31) dividend cuts and increases, (1:46) why Accent Group (ASX:AX1) remains a key pick for Bell Potte...

Weekly Wrap 1 September

September 01, 2023 03:00 - 8 minutes - 5.71 MB

As we near the end of Reporting Season, we’ve seen 348 companies report their earnings. 106 have beat expectations, 146 met expectations, while 96 fell short of expectations. This week, the Australian share market advanced 2.67% this week (Mon – Thurs), in a strong week of trading. All but the energy sector, posted notable gains. The materials sector had the biggest rally, with the sector rising 3.66%, followed by the healthcare sector adding 3.36% and consumer discretionary rising 3.18%. ...

Weekly Wrap 25 August

August 25, 2023 05:00 - 7 minutes - 5.33 MB

So far this reporting season, 192 companies have reported, with 64 beating expectations, 70 meeting expectations, and 58 falling short of expectations. 29 companies have been upgraded by brokers while 23 have been downgraded. This week, supermarket giants released results with vastly different reactions from investors. The Aussie share market rose 0.48% (Mon-Thu) as a rally on the Nasdaq in the US fuelled a rally for local tech stocks. The local tech sector rose 2.5% over the four-trading d...

Weekly Wrap 18 August

August 18, 2023 05:00 - 7 minutes - 5.07 MB

The number of companies reporting results this week increased. The outlook for the healthcare sector seems to be slowing whilst in the technology sector, Life360 (ASX:360) surprised investors on the upside. The broader Aussie share market tumbled 2.64% (Mon-Thurs) as Chinese economic data and downgrade warnings for US banks weighed on sentiment. In this week's wrap, Grady covers: (0:20) The major name sold off by investors (1:12) Why investors have fallen out of love with the healthcare...

Weekly Wrap 11 August

August 11, 2023 03:00 - 7 minutes - 5.31 MB

Reporting season ramped up this week, with investors reactive to news both good and bad. The Aussie share market rose 0.44% this week (Mon-Thu) as a 2.73% gain for the energy sector offset losses in the tech and healthcare sectors. In this week's wrap, Grady covers: (0:21) CBA’s (ASX:CBA) record cash profit (0:49) Boral (ASX:BLD) & Cettire’s (ASX:CTT) strong results (2:37) Downer’s (ASX:DOW) dampened trading (3:05) What this week told investors & next week’s outlook (3:56) US infla...

Weekly Wrap 4 August

August 04, 2023 03:00 - 7 minutes - 5.34 MB

Reporting season kicked off this week with a small list of key names releasing results, while overseas was possibly the busiest results week in Europe and the US earnings season. Other key events driving markets were the Fitch Ratings downgrade on the US, China’s stimulus policy and Australia’s RBA rate pause. The Aussie share market fell 1.24% this week (Mon-Thu) as the local market took lead from the global market sell-off. In this week's wrap, Grady covers: (0:30) China’s stimulus pack...

Weekly Wrap 28 July

July 28, 2023 04:00 - 7 minutes - 5.26 MB

The release of economic data around the world was the key driver of market movements this week in addition to speculation around China’s support policy announcement and investors responding to earnings season results. The Aussie share market rose 1.94% this week (Mon-Thu) with every sector posting a modest gain led by the Communication Services sector jumping 3.46%, while energy added 3.42% and REIT stocks felt some much-needed relief, lifting 3.32%. In this week's wrap, Grady covers: (0:1...

Weekly Wrap 21 July

July 21, 2023 03:00 - 6 minutes - 4.41 MB

Incorporating environmental, social and governance (ESG) factors into investment decision-making has been a growing interest for investors and companies. An ESG criteria evaluates a company’s sustainability and ethical impact and has had a notable impact on the share market by navigating investor preferences and capital allocation. In this week’s wrap, Grady covers: (0:10) The importance of ESG goals for corporations (0:51) Companies kicking goals on the ESG front (2:21) The beginning of...

Weekly Wrap 14 July

July 14, 2023 03:00 - 7 minutes - 5.14 MB

The Australian share market staged an upswing this week, advancing 2.91% (Mon – Thurs). The ASX200 leader board was painted green, with information technology posting the strongest gains, followed by real estate and materials. In this week's wrap, Grady covers: (0:58) The REITs that are thriving vs. those that are struggling (3:38) One REIT that is trading at a discount in 2023 (4.46) Best performing stocks in the ASX200 (5:38) The most traded stocks & ETFs by Bell Direct clients (6:...

Weekly Wrap 7 July

July 07, 2023 02:00 - 7 minutes - 5.26 MB

The Aussie share market fell 0.55% this week (Mon-Thu) weighed down by the healthcare sector losing 1.7%, information technology stocks falling 1.66% and the materials sector falling 0.82%. Market volatility was driven this week by outlook for future rate hikes out of the RBA and Federal Reserve alongside recessionary concerns amid signs of slowing economic growth. In this week's wrap, Grady covers: (0:11) The IPOs landscape (0:54) The most successful & worst performing IPO in 2023 (2:1...

Weekly Wrap 30 June

June 30, 2023 03:00 - 6 minutes - 4.78 MB

The Aussie share market rose 1.35% this week (Mon-Thu) buoyed by the tech sector surging 3.66% as investor appetite for the high growth sector continues to grow. In this week's wrap, Grady covers: (0:11) Geopolitical tensions in Russia (1:05) Volatility in commodity prices (1:54) Opportunities as an investor (2:45) The AI front (3:48) Best performing stocks in the ASX200 (4:41) The most traded stocks & ETFs by Bell Direct clients (5:16) Three economic news items to watch out forRead ...

Morning Bell 28 June

June 27, 2023 23:00 - 5 minutes - 4.04 MB

The local market returned to rally mode on Tuesday closing the session up 0.56% as a near 2% rise in real estate stocks lifted the market, while materials also added over 1.15% and financials closed up 0.66%. As the cost-of-living pressures continue to bite, the flying kangaroo is flying higher than ever with demand for travel on Qantas remaining resilient as outlined by the airline yesterday in a May update to the market. Qantas said more than 4 million customers are expected to travel dur...

Morning Bell 27 June

June 26, 2023 23:00 - 3 minutes - 2.36 MB

Well looking at global markets overnight, US equities closed in the red, following a sell-off in technology companies, which have outperformed this year. The pullback in tech stocks saw the Nasdaq sharply drop, closing the session 1.16% lower. Meanwhile, the S&P500 fell 0.45% and the Dow slightly down 0.04%. In Europe, markets closed mixed, with Germany’s DAX, the FTSE 100 and the STOXX 600 all closing the session down just 0.1%, while France’s CAC was in the green. What to watch today: ...

Morning Bell 26 June

June 25, 2023 23:00 - 4 minutes - 3.08 MB

Wall Street slid on Friday with the key indices closing lower for the week and the Nasdaq snapping an 8-week winning streak as investors shift focus to the high potential of a US and possibly global recession. The Dow Jones fell 1.7% over the week, the S&P500 lost 1.4%, and the tech-heavy Nasdaq also fell 1.4%. Inflation around the world remains elevated, and stock markets have been on a solid rally of late, so investors have pulled back optimism and now assess the high likelihood of a US re...

Weekly Wrap 23 June

June 23, 2023 01:00 - 7 minutes - 5.08 MB

The Aussie share market fell 0.77% this week (Mon-Thu) as the recent rally for information technology stocks lost steam with the sector closing 3.13% lower over the four days. Investors bought into consumer staples stocks which are generally more likely to hold their value in a high interest rate, high inflation environment. In this week's wrap, Grady covers: (0:34) Understanding the EV movement (1:04) Updates on Rio Tinto (ASX:RIO) & BHP Group (ASX:BHP) (2:46) Updates on Delta Lithiu...

Morning Bell 20 June

June 19, 2023 23:00 - 5 minutes - 3.83 MB

The local market started the new trading week 0.6% higher, carrying the ASX rally into a 6th straight session driven by a rally for healthcare stocks, namely, CSL as investors took last week’s update-driven sell-off as an opportunity to buy into Australia’s largest biotech company on Monday. Locally, PointsBet (ASX:PBH) jumped 19% during the session after updating the market on its non-binding indicative proposal from DraftKings to acquire PointsBet’s US business for a headline purchase of ...

Weekly Wrap 16 June

June 16, 2023 03:00 - 7 minutes - 5.2 MB

The Aussie share market rose 0.74% this week (Tue-Thu) as information technology stocks rallied whilst the health care sector headed to the chopping block. In this week's wrap, Grady covers: (0:10) Investor sentiment (0:30) The turmoil surrounding Domino’s (ASX:DMP), CSL (ASX:CSL) & DGL (ASX:DGL) (4:05) Downgrades as the key driver of guidance revisions (5:20) Best performing stocks in the ASX200 (6:07) The most traded stocks & ETFs by Bell Direct clients (6:40) Three economic news ...

Morning Bell 13 June

June 12, 2023 23:00 - 3 minutes - 2.32 MB

In New York overnight, the S&P500 jumped to its highest level in 13 months, markets have come to expect that the Federal Reserve will skip a rate increase at this week’s Fed meeting. The Fed has hiked 10 consecutive times since beginning its policy tightening cycle in March last year. US investors are also awaiting inflation data out on Tuesday in the US, with economists expecting CPI to show inflation dropping to a 4% annual rate in May. All three major benchmarks rallied overnight. The S&P...

Weekly Wrap 9 June

June 09, 2023 02:00 - 5 minutes - 3.63 MB

The Aussie share market fell 0.64% (Mon-Thu), as investor sentiment was dampened by the RBA’s unexpected 25-basis point rate hike announcement on Tuesday, with warning of further hikes to come if inflation does not move toward the 2-3% target range. In this week's wrap, Sophia covers: (0:11) What’s happening in the energy sector (1:22) Concerns for manufacturers with energy transitions (1:57) The surge in gas prices (2:47) Best performing stocks in the ASX200 (3:31) The most traded sto...

Morning Bell 6 June

June 05, 2023 23:00 - 3 minutes - 2.29 MB

US equities closed in the red in New York overnight, with the Dow Jones closing 0.6% lower and the S&P500 slightly down 0.2%, as industrials and financials led seven of the eleven industry sectors lower. The Nasdaq was down only 0.09%. US markets eased after Friday’s broad-based rally. In Europe, markets also closed lower as investors digested the US debt ceiling agreement and euro zone inflation data, which showed inflation falling to its lowest level since February 2022. The STOXX 600 cl...

Morning Bell 5 June

June 05, 2023 00:00 - 4 minutes - 3.22 MB

Wall St ended Friday’s session on a high, with the key indices each adding over 1% and the Dow Jones jumping 2.1% as investors welcomed a mixed payrolls report with an unexpected rise in unemployment and a slowdown in annual wage growth, all signs that the Federal Reserve’s aggressive rate hike action is taking effect on cooling economic growth in the US. In May, the US economy added 339,000 jobs in a sign that the booming labour market in the US remains strong, however unemployment increase...

Morning Bell 31 May

May 31, 2023 00:00 - 4 minutes - 3.45 MB

It was a very muted session on the ASX yesterday as the market quickly overcame the boost from US debt ceiling negotiations ending in an agreement to be presented to congress, and investors shifted focus ahead to next week’s rate hike decision out of the RBA and the potential for inflation to remain stickier down under for a little while longer. The ASX fell 0.11% on Tuesday weighed down by a 0.88% fall in the REIT sector, while communications services stocks rose 0.62%. Paladin Energy tank...

Morning Bell 30 May

May 29, 2023 23:00 - 5 minutes - 3.61 MB

The ASX started the week on a very positive note after a late-night phone call on Saturday between US President Joe Biden and House Speaker Kevin McCarthy ended the months-long debt ceiling negotiations with a compromised, tentative outcome being agreed to. The US was just under 2-weeks away from running out of money to pay its bills according to Treasury Secretary Janet Yellen, so the last-minute dash to achieve an outcome to present to congress for passing has boosted sentiment in global m...

Weekly Wrap 26 May

May 26, 2023 03:00 - 6 minutes - 4.65 MB

The Aussie share market declined 1.94% (Mon-Thu), as a sharp sell-off in materials stocks on the back of lower iron ore prices due to weakened demand from China's steel mills. In this week's wrap, Grady covers: (0:11) Cost-of-living pressures in Australia (0:39) Why income stocks are gaining attention (1:19) Bell Direct's Strategy Builder (2:13) High dividend stock selection (4:11) The best performing companies in the ASX200 (5:02) The most traded stocks & ETFs by Bell Direct clients ...

Morning Bell 23 May

May 23, 2023 00:00 - 4 minutes - 3.54 MB

It was a mixed session on Wall Street overnight as investors focus ahead to the pivotal debt ceiling negotiation talks at 5:30pm on Monday evening in the U.S. where President Biden will meet again with house speaker Kevin McCarthy to continue debt ceiling talks with just 10-days left until the earliest date that Treasury Secretary Janet Yellen said the US could default. The S&P500 rose 0.02% on Monday, the Dow Jones fell 0.42% and the tech-heavy Nasdaq rose 0.5%. Reporting season is coming t...

Weekly Wrap 12 May

May 12, 2023 03:00 - 6 minutes - 4.64 MB

The Aussie share market advanced 0.44% this week (Mon-Thu), led by the energy sector gaining almost 2% and the information technology sector adding 1.97%. Investors have regained appetite for technology stocks as inflation eases in the US. In this week's wrap, Grady covers the: (0:17) US debt debate and important next steps (1:40) Bank of England's rate hike decision (2:17) Healthcare sector movers and shakers (4:22) Best performing stocks in the ASX200 (5:29) Most traded stocks & ETF...

Morning Bell 10 May

May 09, 2023 23:00 - 5 minutes - 3.71 MB

The all-important Australian budget was released last night in the first surplus for 15 years at a figure of $4.2bn surplus for 2022-2023 and massively reduced budget deficits in the forecasted years to come, with the key winners being aged care workers through receiving a pay increase of 15%, women through cheaper childcare and funding toward boosting the number of women in apprenticeships, and all Aussies through a cost of living package worth $14.6bn. The surplus budget has been driven by...

Morning Bell 9 May

May 08, 2023 22:00 - 2 minutes - 2.01 MB

In New York overnight, there was little change as investors look ahead to key inflation readings, including April’s consumer price index report. The S&P500 closed with a small gain of 0.05%, the Nasdaq added 0.18% and the 30-stock Dow Jones closed 0.17% lower. European markets closed higher as traders digested rate hikes by the Federal Reserve and the European Central Bank at the end of last week. Traders now look ahead to more corporate earnings, economic data, and a Bank of England rate ...

Morning Bell 8 May

May 07, 2023 23:00 - 4 minutes - 2.93 MB

It was turbulent week on global markets last week following the announcements of rate hikes across the major global markets which in some cases were expected, while others, like out of the RBA, came as a shock to investors. Wall St rallied on Friday after robust jobs data indicated the economy is faring better than expected despite the Fed’s aggressive rate hike stance to date. April’s job data for the US showed jobs growth accelerated by 253,000 new jobs in April, unemployment fell to 3.4%...

Weekly Wrap 5 May

May 05, 2023 03:00 - 5 minutes - 4.2 MB

The Aussie share market declined this week, falling 1.6% (Mon-Thu), with only the utilities sector making gains. Financials and energy weighed down on the market the most. Also contributing to the market's decline were interest rate hike announcements in some of the key markets around the world. In this week's wrap, Sophia covers: (0:22) The RBA's unexpected announcement (1:14) What happened to banking stocks this week (1:51) The impact of recent moves by the Federal Reserve (4:21) ...

Morning Bell 2 May

May 02, 2023 00:00 - 3 minutes - 2.23 MB

The ASX started the week on a positive note closing yesterday’s session in the green. Utilities led the market yesterday, while tech stocks came under pressure. Gold stocks were also sold off with the price of the commodity down almost half a per cent. Energy stocks advanced on the price of oil rallying more than 2% on Friday following strong earnings results out of the U.S. Yesterday however, oil fell 1.4% to trade below US$76/barrel on weak Chinese manufacturing activity data. Overnight,...

Morning Bell 1 May

April 30, 2023 23:00 - 3 minutes - 2.19 MB

The Australian market is set to start the week higher, after Wall Street ended last week with all three major benchmarks rallying. The Dow Jones had its best month since January, gaining 250 points, while the S&P500 closed 0.8% higher and the Nasdaq up 0.7%. What to watch today: This morning, the SPI futures are suggesting that our local market will rise 0.74% at the open. In commodities, Oil has advanced almost 3%, regaining earlier losses, after prospects of a global economic slowdo...

Weekly Wrap 28 April

April 28, 2023 04:00 - 5 minutes - 4.01 MB

The Aussie share market declined this week, falling 0.5% (Mon-Thu), as the materials sector weighed down on the market the most, dropping 2.2%. Financials, consumer discretionary and utilities are also lower, while communication services and industrials advanced. In this week's wrap, Sophia covers: (0:16) The demand outlook from the leading iron ore importing country (1:08) China's crippling property market (1:49) Bell Potter's forecast for Mineral Resources (ASX:MIN) (2:48) The best...

Morning Bell 26 April

April 25, 2023 23:00 - 5 minutes - 3.98 MB

Wall Street closed lower on Tuesday as investor fears of a banking crisis reignited. Shares in First Republic Bank tanked more than 49% on the release of the regional bank’s latest quarterly results including deposits dropping 40% to US$104.5bn in Q1 but have since stabilised and the bank is instilling cost cutting measures including cutting head count by 20% to bolster its balance sheet. The results spooked investors about broader weakness in the banking sector following the recent collapse...

Morning Bell 24 April

April 23, 2023 23:00 - 4 minutes - 2.91 MB

Wall Street ended little unchanged across the key indices on Friday, but down for the week as investors assessed mixed corporate earnings results against the increasing chance of a recession in the U.S. later this year. Shares in Proctor & Gamble (ASX:PG1) rose 3.5% on Friday after it reported a sales boost from higher prices introduced across the portfolio of consumer products. Albermarle (ASX:ALB), the world’s largest lithium producer, on the other hand tanked 10% after Chile said it would...

Weekly Wrap 21 April

April 21, 2023 02:00 - 6 minutes - 4.67 MB

The Aussie share market traded flat this week, rising just 0.01% (Mon-Thu), as a rally in Financial, REIT and consumer discretionary stocks was offset by the energy sector plunging over 2.8%. Energy stocks were rocked by falling commodity prices, especially gas dropping on news of a global oversupply, while oil prices dropped over 2% later in the week. In this week's wrap, Grady covers: • (0:48) Why has the healthcare sector outperformed the broader market • (1:59) Neuren & Telix Ph...

Weekly Wrap 14 April

April 14, 2023 02:00 - 7 minutes - 4.99 MB

The Aussie share market advanced 1.46% (Mon-Thu), as investors shook off fears of a global banking crisis and digested key inflation data out of the US. Materials stocks led the charge this week with the sector rising 3.16%, buoyed by iron ore prices rising on the back of a cyclone forming off WA's Kimberley coast, a key region of iron ore export for Australia. In this week's wrap, Grady covers: • (0:25) Outlook for the lithium sector • (4:17 ) Where Bell Potter sees opportunities ...

Weekly Wrap 31 March

March 31, 2023 02:00 - 7 minutes - 5.31 MB

The Aussie share market advanced 2.4% (Mon-Thu), driven by the materials sector jumping 5.04%, amid increasing commodity prices. Utilities and energy stocks also jumped over 3% each. The ASX200 felt some relief this week, after a few weeks of turbulence, as investor fears of a global banking crisis eased when regulators and industry bodies stepped in to support crumbling banks. In this week's wrap, Grady covers: (3:10) The outlook for oil prices (3:30) Stocks Bell Potter are bullish o...

Weekly Wrap 24 March

March 24, 2023 04:00 - 5 minutes - 4.07 MB

The Aussie share market declined 0.37% (Mon-Thu), following the recent US banking system turmoil. Additionally, the Federal Reserve increased the Fed Funds Rate by 0.25% to 4.75% - 5%, announcing a continued commitment to quantitative tightening. In this week's wrap, Sophia covers: (0:39) Fed projections for the Fed Funds Rate (FFR) (1:33) The growing banking crisis (2:22) The sale of Credit Suisse to UBS (3:14) The best performing stocks in the ASX200 (4:42) The most traded stocks &...

Weekly Wrap 17 March

March 17, 2023 03:00 - 6 minutes - 4.9 MB

The Aussie share market declined 2.5% (Mon-Thu), led by a 7.2% dive in energy stocks on the back of tumbling commodity prices. The price of oil was down nearly 12% this week, driven by turmoil in the global banking sector. On the flip side Healthcare stocks provided great opportunity for investors, adding 0.74% this week so far. In this week's wrap, Grady covers: (0:38) The Silicon Valley Bank collapse (1:30) The US$10 billion in deposits withdrawn from Signature Bank (2:22) Credit Suis...

Morning Bell 13 March

March 12, 2023 22:00 - 4 minutes - 3.24 MB

The local market tumbled over 2% on Friday as investors were spooked by comments made and reiterated over a few days by Federal Reserve Chair Jerome Powell that interest rates will need to stay higher for longer, prompting further fears of a global recession. The utilities sector was the only sector to escape the broad market sell-off on Friday. The winning stocks were led by Origin Energy (ASX:ORG) adding 2.45%, while TPG Telecom (ASX:TPG) and Silver Lake Resources (ASX:SLR) each also added...

Weekly Wrap 10 March

March 10, 2023 02:00 - 7 minutes - 4.95 MB

The Aussie share market advanced 0.38% (Mon-Thu), shaking off some of the negative offshore macro-economic events. Meanwhile, investors fled energy and materials stocks, as these sectors fell with commodity prices, partly due to a weaker than usual demand out of China. In this week’s wrap, Grady covers: (1:08) Global macro themes impacting investments (2:34) The Fed’s monetary tightening impact on commodities (3:24) Why investors are fleeing small & mid-cap resources stocks (4:21) The ...

Morning Bell 8 March

March 07, 2023 22:00 - 4 minutes - 2.86 MB

The ASX rallied 0.5% yesterday following the rate hike announcement as investor sentiment was boosted by hopes that the RBA is approaching the end of its tightening cycle. Every sector aside from materials stocks closed in the green yesterday. The winning stock yesterday by a mile was InvoCare (ASX:IVC) rocketing over 34% after the funeral company received a takeover offer from TPG Global at the value of $12.65 cash per share. TPG snapped up a 17.8% stake in InvoCare on Monday before making ...

Morning Bell 7 February

March 06, 2023 21:00 - 3 minutes - 2.43 MB

In New York overnight, equities gained in the final hour of trading, as Treasury yields rose. US markets started the week on a positive note, ahead of a busy week of economic news. Important catalysts with week include congressional testimony on Tuesday and Wednesday from Federal Reserve Chair Jerome Powell, who will speak about how the central bank is thinking about inflation and rate hikes going forward. Also, the US awaits their February jobs report out this week as well. European marke...

Morning Bell 6 March

March 05, 2023 22:00 - 4 minutes - 3.31 MB

The ASX rose 0.4% in the final trading session of last week, buoyed by a rally for communications services and healthcare stocks, while the REIT sector was the only sector to close in the red on Friday. For the week though, the key index posted a 0.32% loss, its fourth straight weekly loss, as sharp losses for REIT and Financial stocks offset strong gains in the energy and materials sectors. The winning stocks from Friday’s session were led by Liontown Resources (ASX:LTR) jumping over 13% f...

Weekly Wrap 3 March

March 03, 2023 02:00 - 7 minutes - 5.14 MB

The Aussie share market declined 0.71% (Mon-Thu), with energy and materials stocks the only two sectors to close in positive territory. This week, rising commodity prices were boosted by favourable manufacturing data in China, as the country's economy reopens post-pandemic. In this week's wrap, Grady covers: (1:29) The sectors thriving in tough market conditions (3:14) What to expect from the RBA next week (4:35) The best performing stocks in the ASX200 (5:33) The most traded stocks & E...

Morning Bell 1 March

February 28, 2023 22:00 - 3 minutes - 2.83 MB

Wall Street had a choppy final session for the month of February before closing lower on Tuesday as investors digested a slew of economic data and corporate earnings results. Chicago’s PMI fell to 43.6 points for February from 44.3 points in January in another sign the US Fed’s aggressive rate hike stance is having impact across the country. The Dow Jones ended Tuesday’s session down 0.71%, the S&P500 lost 0.1% and the Nasdaq fell 0.3%. The yield on the 10-year US Treasury note ticked higher...

Morning Bell 28 February

February 27, 2023 23:00 - 3 minutes - 2.4 MB

US equities closed in the green overnight, trying to recover some ground after the Wall Street had its worst week of the year. The Dow gained 0.2%, the S&P500 up 0.3% and the Nasdaq rose 0.6%. These moves came as Treasury yields eased, following a jump on Friday. We’re seeing a renewed focus on inflation and again seeing rates driving equities. Investors are also looking ahead to another week in retail earnings. European equities were also higher, with all major benchmarks in positive terr...

Morning Bell 27 February

February 26, 2023 22:00 - 4 minutes - 3.21 MB

The local market ended Friday’s session 0.3% higher as a surge in tech stocks led the markets higher, while every sector aside from materials stocks also finished the day in the green. The winning stocks from Friday’s session were led by Bega Cheese (ASX:BGA) adding over 7.5% on the back of the company’s first half results being released, while Brambles (ASX:BXB) and Block Inc (ASX:SQ2) each also added over 7.4 and 5.8% respectively. On the losing end, Regis Resources (ASX:RRL) fell almost ...

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