G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst!
For real-time up-to-date data/news/research/ideas/strategies, check out our insights panel on the CMC Markets NextGen platform and follow us on Twitter:
Azeem Sheriff - @Azeem__Sheriff
CMC Markets - @CMCMarketsAUSNZ
Trading Idea of the Day
NYSE:PNN - Pinduoduo Inc - BULLISH BIAS
- Key levels on the chart - consider taking trades from key support/resistance levels
- Pinduoduo’s recent venture into fresh produce, Duo Duo Grocery, has been instrumental in helping alleviate recent concerns over food security by introducing a supply and demand model that can match local shoppers with local produce suppliers in under 24 hours.
- The company is pioneering what it calls a feed-based shopping experience where users are presented with a social media-like feed where they can discover products they may not have known they wanted.
ASX & Economic Key Events
ASX Key Events Calendar (TODAY)
Economic Key Events (TODAY)
Economic Key Events (YESTERDAY)
OPTO For Investors Research
Article of the Day: Delisting risks ease for Alibaba, JD.com and Pinduoduo shares
Podcast of the Day: OPTO Sessions Inside Callum Thomas’ Topdown Charts analysis process
APAC Daily Report
Click here to access our daily APAC report, prepared by my fellow market analyst @TinaTeng_CMC
Market Snapshot & Highlights as of 7am AEST
EXPECTATIONS: Energy LOWER (lower oil/nat gas) & Materials LOWER on falling commodity prices.
Global Markets Headlines
- Google CEO Pichai tells employees not to ‘equate fun with money’ in heated all-hands meeting (CNBC)
- North Korea fires ballistic missile into sea ahead of visit by U.S. VP Kamala Harris (CNBC)
- Convertibles drive into the sunset as automakers invest in electric vehicles (CNBC)
- British pound plunges, bonds sink after government announces tax cuts (CNBC)
Buying the Stock-Market Dip Is Backfiring. Investors Keep Piling In Anyway (WSJ)
(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)
