Between the Bells
737 episodes - English - Latest episode: 19 days ago -Tune in to the Bell Direct 'Between the Bells' podcast, where we'll cover the latest economic news and updates, market movements and analysis. With daily updates, you can get the information you need to find your investing edge.
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Episodes
Closing Bell 8 December
December 08, 2022 06:00 - 2 minutes - 2.16 MBThe ASX took strong lead from global markets overnight into Thursday’s session, finishing the day down 0.75% as investors continued to flee high growth tech stocks in the rising interest rate environment. The worst performing sector today was energy stocks, while 7 of the 11 sectors also closed red today. Chalice Mining (ASX:CHN) soared 13% today after the exploration company announced promising new sulphide mineralisation at the company’s initial drilling at the greenfield Hooley Prospect,...
Morning Bell 6 December
December 05, 2022 22:00 - 3 minutes - 2.53 MBUS equities declined overnight, with the Dow dropping by 526 points or 1.5%, while the S&P500 and the Nasdaq fell by 2% and nearly 2.3%, respectively. While equities fell, bond yields pushed higher, with the yield on the benchmark 10-year Treasury last trading up 10 basis points. Big movers overnight were Microsoft, Amazon and Netflix which all closed lower on growth concerns. Tesla shares also dropped about 7% on reports of an output cut at its Shanghai factory. In Europe, markets close...
Closing Bell 5 December
December 05, 2022 06:00 - 3 minutes - 2.47 MBThe local market advanced 0.33% today driven by a rally for materials stocks amid a rise in the price of iron ore. Fortescue Metals Group (ASX:FMG), BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) each added almost 7%, almost 3% and 4% respectively. The price of iron ore also jumped today as China loosened the curbs on its COVID-19 restrictions including Shenzhen and Beijing removing the requirement for commuters to produce a negative COVID-19 test before boarding public transport, enhancing de...
Closing Bell 5 December
December 05, 2022 06:00 - 3 minutes - 2.47 MBThe local market advanced 0.33% today driven by a rally for materials stocks amid a rise in the price of iron ore. Fortescue Metals Group (ASX:FMG), BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) each added almost 7%, almost 3% and 4% respectively. The price of iron ore also jumped today as China loosened the curbs on its COVID-19 restrictions including Shenzhen and Beijing removing the requirement for commuters to produce a negative COVID-19 test before boarding public transport, enhancing de...
Morning Bell 5 December
December 04, 2022 21:00 - 4 minutes - 3.51 MBThe local market dipped 0.72% on Friday, ending the recent rally, as investors await the RBA’s interest rate decision for December out on Tuesday this week. The gold miners had a run on Friday as investors piled into gold stocks on the back of a rise in the price of the precious commodity, while investors fled REIT stocks in anticipation of the RBA’s latest rate hike announcement on Tuesday. REIT stocks have faced a tough run in 2022 as every interest rate hike implies further dent into real...
Weekly Wrap 2 December
December 01, 2022 23:00 - 6 minutes - 4.27 MBThe Aussie share market rallied 1.3% this week (Mon-Thu), encouraged by the Chairman of the Federal Reserve, Jerome Powell’s speech, that essentially confirmed the Fed will slow the pace of interest rate hikes in December. In this week's wrap, Sophia covers: (0:15) What to expect from OPEC's meeting on Sunday (0:34) The impact of a price cap on Russian crude (1:01) What production cuts really mean for energy markets (3:20) The best performing stocks on the ASX200 (4:11) The most trade...
Morning Bell 2 December
December 01, 2022 21:00 - 3 minutes - 2.32 MBFollowing Fed chairman’s Jerome Powell’s speech that essentially confirmed that the Fed will slow the pace of interest rate hikes, we saw a surge in equities that added over $1 trillion to the market capitalisation of the S&P500 alone. Meanwhile the Dow Jones hit a 7-month high and its 12-month return turned positive. The Dow has already rallied over 20% from its year-to-date low. Overnight however, the three major benchmarks closed mixed ahead of the US jobs report. The Dow closed 0.6% low...
Closing Bell 1 December
December 01, 2022 06:00 - 2 minutes - 2.15 MBThe Australian market jumped at the open this morning, after the US Federal Reserve Chairman Jerome Powell confirmed last night that smaller rate hikes could start as early as December. Our market then followed the rally on Wall Street and the ASX200 closed 0.96% in the green. In economic news, domestic new capital expenditure fell 0.6% for the September quarter. The materials sector climbed for the second straight day, as commodities rallied overnight. Both Ramelius Resources (ASX:RMS) ...
Closing Bell 1 December
December 01, 2022 06:00 - 2 minutes - 2.15 MBThe Australian market jumped at the open this morning, after the US Federal Reserve Chairman Jerome Powell confirmed last night that smaller rate hikes could start as early as December. Our market then followed the rally on Wall Street and the ASX200 closed 0.96% in the green. In economic news, domestic new capital expenditure fell 0.6% for the September quarter. The materials sector climbed for the second straight day, as commodities rallied overnight. Both Ramelius Resources (ASX:RMS) ...
Morning Bell 1 December
November 30, 2022 22:00 - 4 minutes - 3.17 MBIt was a strong session overnight after Federal Reserve chairman Jerome Powell signalled that the pace of rate rises will slow as soon as this month. The Dow Jones jumped 535 points or 1.6%. The S&P500 added 2.4% and the Nasdaq jumped 3.6%, while the 10-year Treasury yield slightly eased. The Fed also cautioned that they may still stay with restrictive policy, with a long way to go in restoring price stability. Wrapping up the month, the Dow and the S&P500 are up more than 4%, and the Nasd...
Closing Bell 30 November
November 30, 2022 06:00 - 2 minutes - 1.74 MBIn the first hour of trade, the Australian share market was lower ahead of the monthly inflation reading, however when CPI was announced at 11:30am, good news boosted the market. The monthly consumer price index advanced 6.9% in the year to October, slowing from September’s record high of 7.3%, and below market consensus of a 7.4% gain. The reading showed a softer rise in food prices than previously, however prices were rising across most food categories, with prices rising the most in frui...
Closing Bell 30 November
November 30, 2022 06:00 - 2 minutes - 1.74 MBIn the first hour of trade, the Australian share market was lower ahead of the monthly inflation reading, however when CPI was announced at 11:30am, good news boosted the market. The monthly consumer price index advanced 6.9% in the year to October, slowing from September’s record high of 7.3%, and below market consensus of a 7.4% gain. The reading showed a softer rise in food prices than previously, however prices were rising across most food categories, with prices rising the most in frui...
Closing Bell 29 November
November 29, 2022 06:00 - 1 minute - 1.38 MBOur local market gained just 0.3% today. While the ASX200 was trading quite flat today, Qantas shares were outperforming the XJO, as well as other travel stocks, amid news that Qantas Frequent Flyer has launched thousands of points planes to coastal cities over the summer. More than 3,000 flights will be turned into what’s referred to as “points planes” where every seat can be booked under a classic flight reward. Late last week, brokers retained their Buy recommendations on QAN. UBS and Ord...
Closing Bell 28 November
November 28, 2022 05:00 - 2 minutes - 2.02 MBThe local market started the week in negative territory, closing the session down 0.42% as a sharp sell-off in energy stocks weighed on the key index driven by commodity prices plunging. Oil retreated to its lowest level since 2021 today, amid unrest in China as large crowds gathered in Shanghai, Beijing and Wuhan to protest over the harsh COVID-19 restrictions in the region. Sentiment in the oil market has remained a key focus in recent times amid concerns over demand in China, the world’s ...
Weekly Wrap 25 November
November 25, 2022 00:00 - 6 minutes - 4.26 MBThe Aussie share market lifted 3.6% this week (Mon-Thu), as investor sentiment was boosted by signs that the RBA and other central banks will ease their aggressive stance on rates. Plus we put the magnifying glass on some of 2022’s big deals. In this week's wrap, Grady covers: • (0:13) How companies & investors navigated M&As this year • (0:36) The mining deal between BHP & OZ Minerals • (1:26) Perpetual's bidding war over Pendal • (3:39) The best performing stocks on t...
Morning Bell 25 November
November 24, 2022 21:00 - 3 minutes - 2.51 MBUS financial markets were closed for the Thanksgiving holiday, with trading set to resume on Friday in New York. However, markets will close early at 1pm local time. European stocks rallied to levels last seen 3 months ago, with the STOXX 600 closing at its strongest level since August 18, led by gains in real estate stocks. What to watch today: The SPI futures are suggesting the Australian market will rise 0.18% at the open this morning. In commodities: The oil price has slightly ...
Closing Bell 24 November
November 24, 2022 05:00 - 2 minutes - 2.14 MBThe local market jumped 0.14% to a near 6-month high today on the back of a solid session on Wall Street overnight buoyed by the latest FOMC minutes outlining that it may be appropriate soon for the Fed’s to slow down their aggressive rate hikes. Tech stocks was the best performing sector, while gold miners also led the charge today amid a rise in the price of the precious commodity. Qantas Airways (ASX:QAN) shares came off in afternoon trade following reports that the company’s domestic fl...
Closing Bell 23 November
November 23, 2022 06:00 - 2 minutes - 1.56 MBAustralian stocks rose from a second day, following a rebound in the US and European equity markets. The ASX200 gained 0.7%, boosted by utilities, industrials and energy. All sectors, except technology and real estate, were trading in positive territory. Today Qantas Airways (ASX:QAN) upgraded guidance amid strong travel demand, which saw its share price close 5.3% higher. Qantas lifted its profit forecast for the December half as rampant consumer demand continues to buoy the sector’s C...
Closing Bell 22 November
November 22, 2022 06:00 - 2 minutes - 2.14 MBThe ASX rebounded from Monday’s losses to close Tuesday’s session up 0.59% at a fresh 5-month high, with the gains largely driven by investors piling into the energy sector today amid the rising price of commodities. Coal stocks rallied today as the price of the commodity surges 2.2% to US$351/tonne. Whitehaven Coal (ASX:WHC) jumped more than 7.5%, New Hope Corporation (ASX:NHC) rallied over 7% and Yancoal Australia (ASX:YAL) added more than 6%. Coal mining stocks also rallied after Origin ...
Closing Bell 21 November
November 21, 2022 05:00 - 2 minutes - 1.99 MBThe local market rallied in the opening hour of trade before declining throughout the first trading session of the week to end the day down 0.18% as investors sharply sold out of materials, energy and information technology stocks today. Utilities stocks led the market gains, with the sector adding 1.77% at the closing bell today. Lake Resources (ASX:LKE) shares rallied today after the lithium developer announced it has resolved a dispute with earn-in partner Lilac Solutions over Lilac’s de...
Weekly Wrap 18 November
November 18, 2022 01:00 - 4 minutes - 3.19 MBThe Aussie share market declined 0.31% this week (Mon-Thu), however there were some positives. The materials sector rose after China announced the easing of its COVID-zero goal, as well as a property rescue package. In this week's wrap, Sophia covers: (0:12) Why mining stocks advanced this week (0:26) Whether Chinese steel mills can return to profit (1:20) The current outlook for iron ore prices (1:59) The best performing stocks on the ASX200 (2:45) The most traded stocks & ETFs by ...
Closing Bell 17 November
November 17, 2022 06:00 - 3 minutes - 2.2 MBThe local market followed in the footsteps of Wall Street today, closing the second last trading session of the week down 0.2%, amid the release of unemployment data showing a decline in the country’s unemployment rate, which was a result vastly different to what economists’ were expecting. Consumer staples was the leading sector today, while the energy sector weighed down on the market. The big story of was Perpetual (ASX:PPT) shares falling 13% today, while Pendal (ASX:PDL) shares jumped ...
Morning Bell 17 November
November 16, 2022 22:00 - 3 minutes - 2.23 MBWall Street closed lower on Wednesday after US retail sales figures came in at 1.3% for October which was higher than expectations, after levelling off in September, indicating consumers are still spending despite interest rates being aggressively hiked month on month. The Dow Jones closed flat, the S&P500 fell 0.71%, and the Nasdaq ended the session down 1.51%. Yesterday, former US President Donald Trump also announced he will be running for the Republican presidential nomination in 2024, n...
Closing Bell 16 November
November 16, 2022 06:00 - 2 minutes - 2.17 MBInvestor concerns over Russia’s war with Ukraine escalating caused the sell-off on the ASX today, with the key index closing the midweek session 0.27% lower amid a Russian missile strike pounding Ukraine’s energy facilities and Poland with its biggest barrage of missiles yet, according to reports. The mining giants offset some of the sessions’ losses with BHP Group (ASX:BHP), Rio Tinto (ASX:RIO) and Fortescue Metals Group (ASX:FMG) rallying over 1% today on hopes that China’s property rescue...
Morning Bell 16 November
November 15, 2022 21:00 - 3 minutes - 2.61 MBThe US markets rebounded on Tuesday to close higher across the key indices following the release of US producer price index data that measures wholesale inflation, for October showing an increase of just 0.2% which was below market expectations and is another sign inflation is slowing in the region. The tech-heavy Nasdaq led the gains adding 1.27% on Tuesday, while the Dow Jones and S&P500 also each lifted 0.02% and 0.7% respectively. Over in the US it has been a turbulent time for technolog...
Closing Bell 15 November
November 15, 2022 05:00 - 3 minutes - 2.23 MBThe local market extended its decline on Tuesday, closing the session down just 0.07% as investor confidence has been dampened in recent days by Fed officials warning that higher interest rate hikes are to be expected despite inflation in the US slowing. Lithium miners took a hit today on the back of a poor trading session on Monday for US lithium stocks despite the price of lithium remaining strong. The decline in lithium stocks today may be due to investors taking profits from the recent r...
Morning Bell 15 November
November 14, 2022 22:00 - 2 minutes - 2.17 MBUS stocks ended the first session of the week lower, taking a pause from last week’s big rally. The Dow closed 0.6% lower, the S&P500 down 0.9% and the Nasdaq fell 1.1%. Fed Governor Christopher Waller suggested at a conference in Sydney yesterday, that the market may have overreacted to last week’s CPI reading and said that policymakers still had “a ways to go” before the hiking cycle comes to an end. European equities closed flat overnight, with the Stoxx 600 up just 0.1%, after strugglin...
Closing Bell 14 November
November 14, 2022 05:00 - 3 minutes - 2.22 MBThe ASX slipped into the red in afternoon trade before closing the first trading session of the week down 0.16%, weighed down by a sharp sell-off in industrials stocks. The materials sector rallied 3.4% today amid a surge for iron ore miners on the back of the price of iron ore surging 4.47% to US$93.50 per tonne overnight. Champion Iron (ASX:CIA) rose almost 13% and was the winning stock of today, while Fortescue Metals Group (ASX:FMG) added just over 10%, and BHP Group (ASX:BHP) lifted ...
Morning Bell 14 November
November 13, 2022 22:00 - 4 minutes - 2.99 MBThe local market soared 2.8% on Friday following the release of US inflation data out late on Thursday that hit 7.7% for October, which indicates a slowing of economic growth in the US and prompted investors to believe that inflation has now peaked. Investors piled into technology stocks which have been sold-off sharply of late as the cost of borrowing financing increases with every interest rate hike, which impacts the growth outlook of tech companies, but with markets now believing inflat...
Weekly Wrap 11 November
November 11, 2022 01:00 - 6 minutes - 4.69 MBThe Aussie share market gained 1.04% this week (Mon-Thu), as investor sentiment was buoyed by recovering commodity prices, early reports of China easing its COVID-zero goal, and the anticipated results of the US midterm elections. In this week's wrap, Grady covers: (0:36) The shift in investments from equities to cash or term deposits (1:07) The big banks' corporate earnings (4:12) The best performing stocks on the ASX200 (5:40) The most traded stocks & ETFs by Bell Direct clients ...
Closing Bell 10 November
November 10, 2022 06:00 - 3 minutes - 2.31 MBThe local market’s green run came to an end on Thursday, with the key index closing 0.5% lower, as investor sentiment was dampened by the global sell-off from overnight on the back of tighter than expected results from the midterm US election. The ASX see-sawed throughout the session before closing lower, weighed down by sharp sell-offs in the energy, metals and mining and resources sectors. The utilities sector rocketed more than 13% today after Origin Energy (ASX:ORG), one of Australia’s l...
Morning Bell 10 November
November 09, 2022 21:00 - 3 minutes - 2.4 MBWall Street ticked lower on Wednesday after the midterm election results came in tighter than expected. It was widely predicted that a “red wave” of Republican victories would be announced after Tuesday’s vote, however early results are showing the Democrats are performing better than expected in the poll, with the control of congress still hanging in the balance. The Dow Jones closed the midweek session 1.5% lower, the S&P500 fell 1.68% and the tech-heavy Nasdaq fell 2.12%. Over in Europe ...
Closing Bell 9 November
November 09, 2022 06:00 - 1 minute - 1.35 MBThe following Wall Street closing higher again overnight before the midterm election results, the Australian market climbed for the fourth consecutive day. The rebound in metal prices lifted miners with gold stocks leading the group. St Barbara (ASX:SBM) and Regis Resources (ASX:RRL) soared higher, while energy stocks were dragged down by the fall in the oil price amid China demand worries. Whitehaven Coal (ASX:WHC) dropped more than 9%, weighing on other coal miners as well, as it cut full ...
Morning Bell 9 November
November 08, 2022 21:00 - 3 minutes - 2.74 MBThe US markets extended the green run this week into Tuesday as investors anticipate the midterm election results, expecting Republicans to take back the House of Representatives and possibly win the Senate as well, which could impact government spending and regulation. The Dow Jones industrials index added 1.36%, the S&P500 gained 0.97%, and the tech-heavy Nasdaq rallied 0.85%. Over in Europe, markets closed higher as global investors looked to the US where the midterm elections are domina...
Closing Bell 8 November
November 08, 2022 06:00 - 3 minutes - 2.22 MBThe ASX extended its green run into Tuesday, closing the session up 0.36% buoyed by a surge in utilities and consumer staples stocks, however strong gains were offset by a sharp sell-off in the energy sector amid declining commodity prices with crude oil down 0.5% at US$91.31 per barrel, natural gas down 3.35%, gold down 0.24% at US$1670.66 per ounce and iron ore down 0.56% at US$88.50 per tonne. Ingham’s (ASX:ING) shares fell more than 2% today after the poultry provider released its AGM ...
Morning Bell 8 November
November 07, 2022 21:00 - 3 minutes - 2.32 MBUS equities had a positive run overnight, ahead of the US midterm elections, as well as key inflation data on deck over the next few days. Tonight, the midterm election will determine which party will control Congress, which currently, the House is controlled by Democrats. And on the economic front, investors are waiting on the consumer price index report out on Thursday. Stocks hit session highs in afternoon trade. The Dow Jones gained more than 400 points or 1.48%, the S&P500 gained 1.1% a...
Morning Bell 8 November
November 07, 2022 21:00 - 3 minutes - 2.32 MBUS equities had a positive run overnight, ahead of the US midterm elections, as well as key inflation data on deck over the next few days. Tonight, the midterm election will determine which party will control Congress, which currently, the House is controlled by Democrats. And on the economic front, investors are waiting on the consumer price index report out on Thursday. Stocks hit session highs in afternoon trade. The Dow Jones gained more than 400 points or 1.48%, the S&P500 gained 1.1% a...
Closing Bell 7 November
November 07, 2022 05:00 - 3 minutes - 2.24 MBThe local market started the week in positive territory, closing Monday’s session up 0.6% driven by a surge in materials stocks amid a broad surge in commodity prices including iron ore jumping 4.71% to US$89 per tonne. Oil prices rallied in early trade before sharply declining after China indicated a relaxation of its COVID zero goal is not being considered yet. Crude oil fell 1.4% to US$91.31 per barrel, while brent crude dropped 1.17% to US$97.42 per barrel. Medibank Private (ASX:MPL) c...
Morning Bell 7 November
November 06, 2022 21:00 - 4 minutes - 3.26 MBThe local market rebounded from Thursday’s sell-off on Friday to close the session 0.5% higher, boosted by a surge in energy stocks on the back of a rebound in the price of oil, up 4.30% to US$98.74 per barrel. Block Inc. (ASX:SQ2) was the leading stock on Friday, gaining 10.93% after the fintech company released a Q3 trading update that beat market expectations. Coronado Global Resources (ASX:CRN) extended its rally on Friday adding 8.61%, while Allkem (ASX:AKE) added just over 6% in the la...
Weekly Wrap 4 November
November 04, 2022 01:00 - 5 minutes - 4.15 MBThe Aussie share market gained 1.06% this week (Mon-Thu) despite the US Federal Reserve maintaining its hawkish approach to tackling inflation and China’s slowing factory activity. In this week's wrap, Grady covers: (0:11) Why iron ore entered freefall mode this week (2:32) China's GDP forecasts (3:40) The best performing stocks on the ASX200 (4:42) The most traded stocks & ETFs by Bell Direct clients (5:20) Three economic news items to watch out for
Morning Bell 4 November
November 03, 2022 22:00 - 3 minutes - 2.36 MBUS markets closed sharply lower again on Thursday after Fed Chair Jerome Powell said that hopes for a policy pivot were ‘premature’ after the central bank delivered a fourth consecutive 75-basis point rate hike on Wednesday. The S&P500 fell 1.1%, the Dow Jones lost 0.5% and the tech-heavy Nasdaq took the biggest hit, closing the session down 1.7%. Despite the tech sell-off, shares in creative marketplace Etsy rallied 15% on Thursday after the company released quarterly earnings results that ...
Closing Bell 3 November
November 03, 2022 06:00 - 3 minutes - 2.49 MBThe local market followed in the footsteps of global markets following the Fed’s latest 75-basis point rate hike announced yesterday, with the ASX closing Thursday’s session down 1.84% as a sharp sell-off in materials stocks weighed on the key index. Every sector aside from communications services stocks ended the session in the red. The story of the session today was shares in Australian investment fund and trustee group Perpetual (ASX:PPT) lifting more than 8% after the company announced ...
Morning Bell 3 November
November 02, 2022 22:00 - 3 minutes - 2.4 MBThe US markets were sharply sold off across the key indices on Wednesday after the Federal Reserve moved to raise the country’s cash rate by 75-basis points for a fourth straight month, in a bid to tackle the nation’s 40-year high inflation. Federal Chair Jerome Powell said there were ‘no grounds for complacency’ but also said the chances of the US economy achieving a ‘soft landing’ and avoiding recession as it fights off inflation have ‘narrowed’. The Dow Jones industrials index fell 1.55%,...
Closing Bell 2 November
November 02, 2022 06:00 - 2 minutes - 2.12 MBThe local market extended its rally into the midweek session, closing the day up just 0.14%, buoyed by the materials sector jumping 1.13% while real estate stocks were sharply sold-off on the back of the RBA’s 0.25% interest rate hike announcement. A day after the RBA continued its dovish approach to tackling the country’s inflation by announcing another 25-basis point rate hike, CBA has announced its variable home loan interest rate will increase by 0.25%, passing the full RBA rate hike ont...
Closing Bell 2 November
November 02, 2022 06:00 - 2 minutes - 2.12 MBThe local market extended its rally into the midweek session, closing the day up just 0.14%, buoyed by the materials sector jumping 1.13% while real estate stocks were sharply sold-off on the back of the RBA’s 0.25% interest rate hike announcement. A day after the RBA continued its dovish approach to tackling the country’s inflation by announcing another 25-basis point rate hike, CBA has announced its variable home loan interest rate will increase by 0.25%, passing the full RBA rate hike ont...
Morning Bell 2 November
November 01, 2022 22:00 - 2 minutes - 2.12 MBThe market wasn’t too fazed by the RBA’s 25 basis point rate hike yesterday, as the ASX rallied 1.65% higher. All industry sectors closed with gains, with Materials, utilities and real estate in the lead. Biotech company Imugene (ASX:IMU) was the best performing stock following a clinical trial update, with IMU gaining 11.4% by the close of trade. Nickel Industries (ASX:NIC), United Malt Group (ASX:UMG) and GrainCorp (ASX:GNC) also closed higher. The most traded stocks by Bell Direct cli...
Morning Bell 1 November
October 31, 2022 22:00 - 2 minutes - 2.1 MBUS equities closed lower overnight, however the Dow Jones still posted the best month since 1976. Markets made an impressive comeback in October with the Dow Jones rising 14% for the month, as investor bet on the banks and more traditional companies. The S&P500 is up 8% for the month, while the Nasdaq underperformed the Dow and the S&P, gaining 4% for October. Overnight, the Dow Jones fell 0.4%, the S&P500 fell 0.8% and the Nasdaq dropped 1%. European markets closed higher despite inflat...
Morning Bell 31 October
October 30, 2022 21:00 - 4 minutes - 3.18 MBThe local market snapped a four-session winning streak on Friday, to close 0.87% lower as investors sharply sold off 4% amid a sharp decline in commodity prices, including iron ore tumbling 5.6%. BrainChip (ASX:BRN) was the most sold-off stock on Friday, with the world-leading AI on-chip processing and learning technology company tanking 21.2% after releasing a Q3 update, outlining that the $1.5 billion company generated cash receipts of just $118,000 and an operating loss and operating ca...
Weekly Wrap 28 October
October 28, 2022 00:00 - 5 minutes - 4.13 MBThe Aussie share market rallied 2.52% this week (Mon-Thu). The real estate sector soared 5.56%, while consumer staples was the only sector to end the week lower. In this week's wrap, Grady covers: (0:36) Bell Potter's view on the Federal Budget's spending allocations (2:44) What to look out for in company results (3:13) How the REIT sector performed this week (3:22) The best performing stocks on the ASX200 (4:43) The most traded stocks & ETFs by Bell Direct clients (5:10) Two ec...
Morning Bell 28 October
October 27, 2022 21:00 - 3 minutes - 2.25 MBUS equities closed mixed overnight after new data showed third-quarter GDP grew faster than expected, encouraging investors to buy stocks linked to the health of the economy. The US economy grew at a 2.6% annualised pace for the period, against the Dow Jones estimate for 2.3% growth. The Dow closed almost 200 points higher, while the S&P500 closed 0.6% lower. The Nasdaq also closed lower, down 1.6%, weighed down by Meta. Meta reported weak fourth-quarter forecast and disappointing third-quar...