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 Invest platform and follow us on Twitter: 

Azeem Sheriff -  
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Trading Idea of the Day
 

ASX:CXO - Core Lithium Ltd - (BULLISH - long term & BEARISH - short term)

• Key levels on the chart - consider taking trades from key support/resistance zones. 
• Goldman Sachs initiates a Sell rating on Core Lithium
• Core Lithium shares are down around -6.0% on Wednesday
• The investment bank expects lithium prices to begin falling in the second half of 2023.

• Chinese EV subsidies have pulled forward battery demand by at least 12-24 months, according to Goldman. The team believes the battery maker overcapacity, on the back of accelerated capacity build-out amid a decelerating growth of new energy vehicles sales will eventually weigh on lithium prices," the analysts said.

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

OPTO For Investors Research

Article of the Day: GameStop share price gains despite earnings miss and cash burn

Podcast of the Day: Champel Capital’s Amir Weitmann on investing in deep tech 
 

APAC Daily Report

Market Snapshot & Highlights as of 8:00am AEDT

EXPECTATIONS: Energy LOWER (lower oil prices) & Materials HIGHER on overall base metal prices.

Global Markets Headlines
 

• FTX spokesman Kevin O’Leary says he lost his $15 million payday from crypto firm (CNBC)

• Russia’s Ukraine onslaught shows zero signs of a winter lull as conflict rages (CNBC)

• FTC sues to block Microsoft’s acquisition of Activision Blizzard (CNBC)
• Retail traders think stocks will bottom in 2023 — and they plan to load up on Big Tech (CNBC)
• Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways (CNBC)
• Russian oil price cap, EU sanctions cause crude tanker bottleneck (CNBC)

• Letter From Apple Supplier Foxconn’s Founder Prodded China to Ease Zero-Covid Rules (WSJ)
   

(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)

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