Between the Bells

Weekly Wrap 24 February

February 24, 2023 01:00 - 6 minutes - 4.9 MB

The Aussie share market declined 0.84% (Mon-Thu), as investors reacted to the latest company earnings announcements. This reporting season so far, we've seen 192 companies report, 62 beat expectations, 71 came in-line with expectations, while 59 companies fell short of expectations. In this week's wrap, Grady covers: (0:50) Why your weekly food shop has increased in price (2:03) The shift from coal to green operations by the big miners (3:44) Qantas' turns a profit, but raises CAPEX ...

Morning Bell 22 February

February 21, 2023 22:00 - 3 minutes - 2.82 MB

Wall Street retreated in the first trading session of the week in the US as rising interest rates continue pressuring investor sentiment, in addition to investors reacting to the latest batch of retail earnings raising concerns over how the consumer is faring the rising interest rate environment. The Dow Jones ended Tuesday’s session down 2.06%, the S&P500 lost 2% and the tech-heavy Nasdaq closed the day down 2.5%. The benchmark 10-year Treasury yield climbed to 3.9%, while the 2-year rate a...

Morning Bell 21 February

February 20, 2023 22:00 - 3 minutes - 2.39 MB

Please note: US markets were closed overnight. The major US benchmarks closed mixed to end last week, with energy stocks down the most, while yields on the 10-year and 2-year Treasury bonds also weighed on equities. European equities were higher however, boosted by gains in mining stocks. Coming up this week – the thinking behind monetary decisions at the Fed will be under the spotlight on Wednesday as the US central bank releases the minutes of its latest meeting, while Friday’s release ...

Morning Bell 20 February

February 19, 2023 22:00 - 4 minutes - 3.05 MB

The local market closed almost 1% lower on Friday as a sell-off in technology stocks weighed on the key index, with investors fleeing growth stocks in fear of further rate hikes out of the RBA and Federal Reserve. Baby Bunting (ASX:BBN) fell over 6% on Friday after reporting a 66.5% drop in net profit for the first half, while QBE (ASX:QBE) insurance rallied over 7% on strong first half results including NPAT up 3%. The winning stocks from Friday’s session were led by QBE (ASX:QBE) Insuran...

Weekly Wrap 17 February

February 17, 2023 02:00 - 6 minutes - 4.59 MB

The Aussie share market fell 0.31% (Mon-Thu), weighed down by US CPI data and investor reactions to reporting season results. An increase to the unemployment rate was also announced this week, strengthening investor appetite for growth stocks. In this week's wrap, Grady covers: (0:29) What the big banks focused on this reporting season (2:25) Wesfarmers & Whitehaven Coal's corporate earnings (4:26) The best performing stocks in the ASX200 (5:25) The most traded stocks & ETFs by Bell Dir...

Morning Bell 16 February

February 15, 2023 22:00 - 4 minutes - 3.07 MB

US equities advanced overnight as investors consider the strong retail sales data along with the latest US inflation data, and what this means for the Fed’s interest rate hiking campaign. In the prior session US inflation came in slightly above expectations, with headline year-on-year CPI dropping to 6.4% in January. The data drove yields higher across the curve, with the 20-year yield jumping 10 basis points on the day and 38 basis points in the past month. Moves were more muted further out...

Closing Bell 15 February

February 15, 2023 06:00 - 3 minutes - 2.38 MB

The ASX fell 1.06% today following the release of stronger-than-expected CPI data out in the US overnight which sent shockwaves through investor confidence, renewing fears of the Fed continuing its aggressive rate hike stance. Investors sold out of financial stocks today amid fears of increasing doubtful debts on bank balance sheets resulting from further rate hikes anticipated. Reporting season also continued today with a number of big names releasing results. The Commonwealth Bank of Aust...

Closing Bell 14 February

February 14, 2023 07:00 - 3 minutes - 2.8 MB

The local market recovered from Monday’s sell-off on Tuesday to close the session 0.18% higher as investor optimism was boosted by Aussie business confidence jumping for January after dropping at the tail end of 2022. Investors piled into tech stocks today with the sector rising 1.3% at the closing bell as investor appetite for growth stocks increases with every ease in rate hike announcements. Economic data out today showed Aussie business mood has bounced back rising 6 points in January l...

Morning Bell 14 February

February 13, 2023 22:00 - 3 minutes - 2.59 MB

US equities rallied overnight, regaining ground after the S&P500 and the Nasdaq suffered their worst weekly decline in nearly two months. The Dow Jones traded 376.66 points higher or 1.11%, the S&P500 climbed 1.14% and the Nasdaq jumped 1.48%. And the energy minerals sector was the biggest laggard across US markets, with oil and gas companies such as EQT Corporation and Marathon Oil weighing on the sector the most. European markets also advanced in the first session of the week, as investo...

Closing Bell 13 February

February 13, 2023 06:00 - 4 minutes - 2.88 MB

The local market has started the week in negative territory, closing Monday’s session down 0.21%, dragged lower by a sharp sell-off in consumer discretionary stocks amid the release of some disappointing half year results today. The energy sector on the other hand soared just under 2% today buoyed by an early rise in the price of oil amid reports Russia will cut production of the commodity. Reporting season ramped up today with a number of big names reporting including JB Hi-Fi (ASX:JBH), E...

Tech retailer JB Hi Fi reports HY23 results | JB Hi Fi (ASX:JBH)

February 13, 2023 05:00 - 2 minutes - 1.48 MB

Technology retailer JB Hi-Fi (ASX:JBH) released first half results this morning with performance coming in, in-line with Bell Potter and Citi expectations, but just short of Consensus expectations. For the half, JB Hi-Fi reported total sales rose 8.6% to $5.28 billion driven by elevated demand for consumer electronics and home appliances INCLUDING well executed Black Friday and Boxing day sales. EBIT rose 14% over the half to $479.2 million, NPAT increased 14.6% to $329.9 million, and EPS r...

Weekly Wrap 10 February

February 10, 2023 01:00 - 7 minutes - 5.06 MB

The Aussie share market fell almost 1% (Mon-Thu), on the back of the RBA raising the nation's cash rate by 25-basis points to 3.35%. And reporting season opened with some of Australia’s biggest companies announcing their results. In this week's wrap, Grady covers: (0:30) How investors have reacted to company results (0:57) Suncorp, Boral, AGL Energy & Amcor's corporate earnings (4:25) The best performing stocks in the ASX200 (5:50) The most traded stocks & ETFs by Bell Direct clients ...

Closing Bell 9 February

February 09, 2023 06:00 - 2 minutes - 1.96 MB

The overnight retreat on Wall Street weighed down the local stock market, with the ASX200 closing the day 0.53% lower. The utilities sector led the fall on the back of the weak half year result from AGL Energy. It’s shares dropped 9.6% as it halved its dividend and lowered the top end of its annual guidance ranges. Underlying NPAT fell 55% year-on-year to $87 million, and underlying EBITDA fell 16% to $604 million. The company reported a statutory loss after tax of $1.1 billion, which includ...

Closing Bell 8 February

February 08, 2023 06:00 - 3 minutes - 2.55 MB

The ASX rallied 0.35% today, rebounding from yesterday’s rate-driven sell-off as investors piled into financial and material stocks today, while selling out of health care and consumer staples stocks. Boral (ASX:BLD) shares took flight today, adding over 12% after the building and construction materials supplier released first half results including revenue up 12% to $1.681bn, EBIT up 15% at $95.3m, NPAT increased 53% to $56.8m and adjusted EPS rose 50% to 5.1c/share. New Boral CEO Vik Bans...

Morning Bell 8 February

February 07, 2023 22:00 - 3 minutes - 2.67 MB

Over in the US today, stocks closed higher as investors digested Fed Chair Jerome Powell’s speech to gain insight into just how long the Fed will continue raising interest rates to tackle inflation in the US. Jay Powell once again made dovish comments in his speech, reassuring markets that the disinflationary pressures have begun, particularly in the goods sector, while also saying that the Fed has the strategy in place to bring down inflation to its target 2%. At the same time, Jay Powell a...

Closing Bell 7 February

February 07, 2023 06:00 - 4 minutes - 3.09 MB

The RBA today announced the nation’s cash rate will increase by 0.25% or 25 basis points, to 3.35% in a move widely expected by the markets. RBA governor Philip Lowe said ‘global inflation remains very high’ and warned further rate hikes will be needed in coming months to bring inflation back to the target range. The ASX tanked immediately after the announcement following warnings from Philip Lowe that further rate hikes are needed in coming months, despite the rate hike today meeting marke...

Closing Bell 6 February

February 06, 2023 06:00 - 3 minutes - 2.83 MB

The local market started the week in negative territory, closing the day down 0.25%, ahead of the RBA’s rate hike decision for February out tomorrow, which is the first interest rate decision for 2023. Real estate stocks were the hardest hit today as investors anticipate the impact another rate hike will have on RIET stock balance sheets, with the sector closing Monday’s session down more than 1.6%. Furniture retailer Nick Scali (ASX:NCK) tumbled more than 13% today after posting first hal...

Morning Bell 6 February

February 05, 2023 22:00 - 4 minutes - 3 MB

The local market ended the week 0.86% higher following a 0.62% rally on Friday led by a surge in healthcare and real estate stocks, while investors sold out of utilities and materials stocks on Friday. The winning stocks from Friday’s session were Pinnacle Investment Management (ASX:PNI) adding 9.58%, BrainChip Holdings (ASX:BRN) rallying 5.56%, and HMC Capital (ASX:HMC) adding almost 5%. On the losing end of the market on Friday, investors sold out of Ramelius Resources (ASX:RMS), Paladin ...

Weekly Wrap 3 February

February 03, 2023 03:00 - 6 minutes - 4.51 MB

The Aussie share market added 0.24% this week (Mon-Thu), as investors awaited the highly anticipated rate decision out of the Federal Reserve in the US. Information technology stocks had the biggest boost this week, coat tailing on the tech-heavy Nasdaq as investors regain appetite for growth stocks. In this week's wrap, Grady covers: (0:28) Where inflation is hitting hardest in the current environment (2:07) What the current inflation rate & RBA rate hike means for markets (3:36) The ...

Closing Bell 2 February

February 02, 2023 05:00 - 2 minutes - 1.92 MB

The ASX followed in Wall Street’s footsteps on Thursday after the Fed eased its rate hike pace for February. The local market rallied 0.13% on Thursday driven by a surge in technology stocks after the Nasdaq rose more than 2% in the US overnight. CBA economist Gareth Aird today said there’s a risk the Reserve Bank raises interest rates by 40-basis points next Tuesday coupled with a statement of an intention to pause. The prediction comes as wider markets expect a 20-basis point rate hike fr...

Morning Bell 2 February

February 01, 2023 22:00 - 3 minutes - 2.8 MB

The Federal Reserve has raised the US cash rate by 25-basis points as the market expected at the conclusion of the FOMC meeting overnight. The Fed has now eased rate hikes for a second straight month for the cash rate to sit between 4.5%-4.75% but said it will need to continue raising rates in order to reach a stance of monetary policy that is sufficient to return inflation to the target 2%. Recent favourable economic data including lower consumer spending and slowing economic growth in the ...

Closing Bell 1 February

February 01, 2023 06:00 - 3 minutes - 2.48 MB

The ASX closed the midweek session at a nine-month high, ending the day up 0.33% as investors piled into real estate and materials stocks, while selling out of energy and technology stocks. Head of economic analysis at the RBA Marion Kohler said inflation has peaked and will begin to ease over the course of this year. She said the RBA remains focused on returning inflation to the target range and establishing a more sustainable balance of demand and supply in the Australian economy. Flight...

Morning Bell 1 February

January 31, 2023 22:00 - 4 minutes - 2.86 MB

The US market closed higher on Tuesday following the release of upbeat earnings results and encouraging economic data. General Motors shares rose over 8% on Tuesday after reporting quarterly results that surprised markets including earnings per share of $2.12 and revenue of $43.11bn which both well exceeded analysts’ expectations. The Dow Jones rose 1.1%, the S&P500 gained 1.47% to record its best January since 2019, and the Nasdaq ended the day up 1.67% for its best January since 2001. The...

Closing Bell 31 January

January 31, 2023 06:00 - 4 minutes - 2.89 MB

The local market recovered from the red start to the week in the early hours of trade on Tuesday before falling in afternoon trade to close 0.07% lower as investor optimism was initially boosted by weaker-than-expected retail sales before confidence was dampened by the fact that the lower retail sales will likely have low impact on the upcoming RBA interest rate decision next week. Consumer staples stocks led the market gains today while information tech stocks were sold off amid investor fe...

Morning Bell 31 January

January 30, 2023 22:00 - 2 minutes - 1.67 MB

Ahead of the Federal Reserve’s rate decision, US equities closed in the red overnight, pausing the rally we’ve seen in Wall St. Investors are always preparing for the busiest week of the US earnings season. The Dow Jones dropped 0.77%, the Nasdaq down 1.96% and the S&P500 down 1.3%. Communications services and information technology were among the biggest laggards in the S&P500, while mega-cap tech stocks such as Meta and Alphabet are down more than 2%. Over in Europe, Germany’s DAX, Fra...

Closing Bell 30 January

January 30, 2023 06:00 - 3 minutes - 2.27 MB

The ASX started the week in negative territory, closing the day down 0.16% as insurance companies weighed on the key index today. Insurance Australia Group (ASX:IAG) and Suncorp (ASX:SUN) each fell over 3% due to catastrophic flooding in New Zealand increasing investor fears of high insurance claim numbers to come for providers. Technology stocks surged ahead more than 2% today amid the ongoing rally for growth stocks in the US and locally as investors regain appetite for higher risk growth...

Morning Bell 30 January

January 29, 2023 22:00 - 3 minutes - 2.84 MB

The local market ended the week 0.8% higher after gaining 0.34% on Friday, buoyed by a rally for consumer staples and information technology stocks. Energy stocks were sharply sold off on Friday, with the sector closing down 1.84% at the end of the session amid growing uncertainty from global recession fears and geopolitical tensions. The winning stocks from Friday’s session were led by Megaport (ASX:MP1) jumping 7.22%, while Liontown Resources (ASX:LTR) added 5.2% and Karoon Energy (ASX:KA...

Closing Bell 25 January

January 25, 2023 06:00 - 4 minutes - 2.9 MB

Australia’s inflation rate data for the December quarter released today showed the country’s inflation rose to 7.8% for the twelve months to December 2022, or 1.9% for the quarter, which exceeded economists’ expectations, and adding to investor fears of further interest rate hikes to tackle the stubbornly high inflation. Travel and electricity contributed the largest price rises over the December quarter of 2023, while travel and building new homes contributed the largest price hikes over th...

Morning Bell 25 January

January 24, 2023 22:00 - 4 minutes - 2.94 MB

The US markets turned from negative to positive in afternoon trade before closing mixed as investors digested an array of economic data released. US flash PMI data from US business activity across manufacturing and services remained below par, indicating the impact of tightening financial conditions on growth and adding to hopes that the Fed is on track to ease its aggressive rate hike stance soon. The Dow Jones closed 0.4% higher, the S&P500 closed flat and the Nasdaq fell just 0.1%. Retai...

Closing Bell 24 January

January 24, 2023 06:00 - 3 minutes - 2.34 MB

The ASX extended its green run into Tuesday, adding 0.44% at the closing bell driven by a surge in real estate and technology stocks. Lithium stocks took flight today after UBS raised its rating on a number of key players including upgrading Pilbara Minerals (ASX:PLS) to Neutral, upgrading Mineral Resources (ASX:MIN) to Buy and upgrading lithium price outlook amid China’s reopening. Cooper Energy (ASX:COE) shares came under pressure today after the oil and gas company released a Q2 update i...

Morning Bell 24 January

January 23, 2023 22:00 - 3 minutes - 2.57 MB

The US Market rallied to start the week, led by the tech-heavy Nasdaq jumping more than 2% as investors weigh the Fed’s rate path moving forward in favour of a slowdown in rate hikes to come. Favourable economic data released last week showed a decline in wholesale and retail sales in a sign consumer spending is also starting to cool. The Dow Jones added 0.76% to start the week and the S&P500 rallied 1.19%. Semiconductor shares, as well as Apple and Tesla shares all climbed on Monday amid ho...

Closing Bell 23 January

January 23, 2023 06:00 - 3 minutes - 2.23 MB

The ASX seesawed throughout the first trading session of the week before closing just 0.07% higher as strong gains in the tech and energy sectors offset losses in the utilities sector. Pilbara Minerals (ASX:PLS) dominated the market gains again after releasing a production update last week including production and revenue coming in ahead of analysts’ expectations, which also prompted Morgans to reiterate their add rating on PLS with an improved price target of $5.40, announced today. Austr...

Morning Bell 23 January

January 23, 2023 05:00 - 4 minutes - 3.19 MB

The local market ended last week on a 0.23% gain at the closing bell of Friday’s session, driven by a surge in energy and materials stocks on the back of rising commodity prices. Communication services and consumer discretionary stocks came under pressure to close in the red on the last trading session of the week. Quarterly reports and company trading updates continued dominating market movements last week both locally and overseas and are expected to continue doing so for at least the nex...

Closing Bell 19 January

January 19, 2023 06:00 - 3 minutes - 2.36 MB

The local market took no lead from Wall St overnight, closing Thursday’s session 0.57% higher on the release of softer than expected jobs data out for December. Materials stocks led the gains today, as investors piled back into the sector following a few sessions of selling out earlier in the week, while tech stocks were sold off today. In economic data out today, Australia’s jobs data for December was revealed and was vastly different to the figures economists were expecting. For the month...

Morning Bell 19 January

January 18, 2023 22:00 - 2 minutes - 1.64 MB

Disappointing retail sales data released in the US overnight saw Wall Street close in the red. The Dow Jones tumbled 1.8%, as investors took their profits from the strong start to the year. The S&P500 lost 1.6% and the Nasdaq down 1.2% European markets were mixed as uncertainty persisted on the economic outlook, which is a key topic of debate on the agenda at the World Economic Forum in Davos this week. The STOXX 600 gained 0.2% and France’s CAC up 1%, while Germany’s DAX closed flat and t...

Closing Bell 18 January

January 18, 2023 06:00 - 3 minutes - 2.51 MB

The ASX had another lacklustre session today closing the day up just 0.1% as investors continued to sell off materials and utilities stocks, while piling into technology and healthcare stocks. Allkem (ASX:AKE) shares dipped today after the lithium producer released a December quarter trading updating including record sales revenue of US$151m from the company’s flagship Olaroz operation despite softer sales units, and revenue of US$83 million from the Mt Cattlin operation. The company’s Nara...

Morning Bell 18 January

January 17, 2023 23:00 - 4 minutes - 3.09 MB

Wall Street closed mixed on Tuesday which was the first trading session of the week in the US as investors digested contrasting earnings results out of investment banks Goldman Sachs and Morgan Stanley, as well as GDP data out of China indicating a rise of just 3% in 2022, which fell short of Beijing’s target of 5.5%. The Dow Jones closed 1.14% lower, the S&P500 fell 0.2% but the tech-heavy Nasdaq closed the day up 0.14% Goldman Sachs fell 6% after releasing fourth quarter and full year resu...

Closing Bell 17 January

January 17, 2023 07:00 - 3 minutes - 2.58 MB

The local market’s green run came to an end today in a muted session as the key index closed just 0.03% lower. A sharp sell-off in materials and utilities stocks offset strong gains among consumer staples and healthcare stocks today. As recession fears increasingly dominate market sentiment, sectors like consumer staples and health care are remaining resilient as these companies traditionally remain strong during a recessionary environment. Tech retail specialist JB Hi-Fi (ASX:JBH) released...

Morning Bell 17 January

January 16, 2023 23:00 - 3 minutes - 2.76 MB

US markets were closed for the Martin Luther King holiday, but coming up this week in the US are Q4 earnings results, with Netflix and State Street announcing results Thursday and Friday. European equities mostly ended their start to the week with modest gains. A key focus for European markets this week is the World Economic Focus in Switzerland, where the heads of state, business leaders and academics debate and discuss certain topics. The key themes this week are the war in Ukraine, eco...

Closing Bell 16 January

January 16, 2023 06:00 - 3 minutes - 2.35 MB

The ASX extended last week’s green run into the new week with the key index closing the first trading session of the week up 0.82%, buoyed by a surge in technology and energy stocks today. Tyro Payments (ASX:TYR) made waves today, jumping more than 8% after the fintech company announced an unaudited first half trading update including group revenue up 45%, payments transaction value up 37% and payments normalised gross profit rose 36%. These results indicate a turn-around in company perform...

Thank you and see you in 2023

December 19, 2022 22:00 - 1 minute - 930 KB

Complete the survey here: https://www.belldirect.com.au/smarter/2022-viewer-survey-feedback-page-youtube We’re taking a short break over the holiday period and we are very excited to debut our brand new studio in 2023. In 2023, we want to continue to provide you with useful and interesting investment market commentary, to help you stay across the Aussie and global share markets, and to help you build an even better investment portfolio. We’d appreciate if you could please complete a short...

Weekly Wrap 16 December

December 16, 2022 01:00 - 7 minutes - 5.03 MB

The Aussie share market lost 0.12% this week (Mon-Thu), and in a tough year for investors, the ASX200 is trading 5.71% lower (YTD). All eyes will be on inflation, rates and energy prices in 2023. In this week's wrap, Grady covers: (0:18) M&As, the big banks & the data breaches in 2022 (1:37) How commodity prices rocked this year (2:07) What's in store for the year ahead (3:47) The best performing stocks in the ASX200 (5:32) The most traded stocks & ETFs by Bell Direct clients (6:...

Morning Bell 16 December

December 15, 2022 22:00 - 2 minutes - 2.02 MB

US equities sharply fell overnight. The selling began after the Federal Reserve’s 50 basis point interest rate hike yesterday, taking the main rate 4.25% to 4.5% range. The shift to a lower gear following four consecutive 75 basis point hikes was widely anticipated, and bond yields barely moved in response. Overnight, US retail sales data was released – retail sales declined more than expected in November which heightened concerns around rate hikes, with the data showing that inflation has t...

Closing Bell 15 December

December 15, 2022 06:00 - 2 minutes - 1.9 MB

The local market followed in Wall Street’s footsteps, with the key index closing Thursday’s session 0.64% lower as 8 of the 11 sectors closed the day in the red. A sharp sell-off in materials stocks weighed on the market today following strong than expected unemployment data out in Australia and the US Fed’s raising America’s cash rate by 50-basis points. Consumer staples stocks outperformed the market today as investors shifted into sectors that perform well during a high interest rate, rec...

Morning Bell 15 December

December 14, 2022 22:00 - 3 minutes - 2.23 MB

US markets turned lower on Wednesday after the Federal Reserve raised the US cash rate by a further 50-basis points to the targeted range between 4.25-4.5%, the highest level in 15-years. The rate hike comes against signs of cooling inflation in the region with CPI for November easing to the lowest level since December last year in data out yesterday. Stocks came under pressure as markets factored in expectations that interest rates in the world’s largest economy would peak at 4.9% in the Sp...

Closing Bell 14 December

December 14, 2022 06:00 - 2 minutes - 1.7 MB

The local market took lead from Wall Street today, following softer-than-expected inflation data out in America, easing investor fears of further aggressive rate hikes to come from the Fed. The ASX closed the midweek session up 0.67% buoyed by a surge in utilities stocks. Gold miner St Barbara (ASX:SBM) soared 20% today, after the company announced the successful completion of the bookbuild for the conditional placement issuing approximately 229.2m new Genesis Minerals (AXS:GMD) shares to r...

Closing Bell 13 December

December 13, 2022 05:00 - 3 minutes - 2.37 MB

The local market reversed Monday’s losses to close Tuesday’s session up 0.31% as a rally for technology, industrials and financial stocks boosted the key index into positive territory, while a sell-off in materials stocks pared back strong gains. Tomorrow and Thursday are the sessions investors are most anticipating this week amid the release of US inflation data and the Fed’s latest interest rate hike decision. Star Entertainment shares came under pressure today as ASIC begins civil penalt...

Closing Bell 12 December

December 12, 2022 05:00 - 3 minutes - 2.32 MB

The ASX started the week in negative territory, closing Monday’s session down 0.45% as investors sharply sold off gold and metals and mining stocks. Investor sentiment has been extremely volatile over the last few weeks amid China’s easing of some COVID restrictions, surprisingly upbeat economic data out of the US and local economic data released that has moved markets especially on the GDP front. Troubled fintech company Tyro Payments (ASX:TYR) tanked more than 18% today after confirming i...

Weekly Wrap 9 December

December 09, 2022 01:00 - 6 minutes - 4.42 MB

The Aussie share market lost 1.73% this week (Mon-Thu), as investor fears of a global recession increased and GDP growth data in Australia came in below expectations causing investors to analyse their sector exposures. In this week's wrap, Grady covers: (0:12) Market expectations on consumer spending (1:27) The changing outlook for retail companies (2:59) Private consumption as a percentage of GDP in Australia (3:24) The best performing stocks in the ASX200 (5:05) The most traded stock...

Morning Bell 9 December

December 08, 2022 22:00 - 2 minutes - 2.11 MB

Wall Street felt some relief on Thursday after new weekly jobless claims in the US ticked higher to 230,000 from 226,000 the week prior in a sign the Fed’s aggressive interest rate hikes are beginning to have an impact on the nation’s tight labour market. The slight uptick in jobless claims underpinned a rally on Thursday that saw the Dow Jones add 0.3%, the S&P500 lift 0.5% and the tech heavy Nasdaq added 0.9%. Despite the slight relief rally, investors remain focused on the Fed’s FOMC mee...

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