Need 4 Speed - Pre Market ASX Report - 12/09/22

G'day folks and welcome to another trading day!

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 & @CMCMarketsAUSNZ

Content Summary

• ASX & Economic Key Events
• Trading Idea of the Day
• APAC Daily Report
• Market Snapshot & Highlights
• Global Markets Headlines
   

ASX Key Events

Trading Idea of the Day

SEK - Seek Ltd

• BULLISH BIAS
• Key levels on the chart - consider taking trades from key support/resistance levels
• Chart Analysis Week Ahead

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 & Material sectors potentially UP
(Click image to enlarge)

(Click image to enlarge)

Global Markets Headlines

• Queen Elizabeth’s coffin arrives in Edinburgh as mourners line streets (CNBC)

• Fed’s Waller sees ‘significant’ rate hike this month, backs data-dependent approach (CNBC)

• Inflation Showed Signs of Easing in Several Industries in August (WSJ)

• EU ministers meet to discuss Europe’s looming energy crisis (CNBC)

• For Wall Street, a Strong Dollar Is Front and Centre (WSJ)

• Oil Prices Slump as Recession Fears Grow (WSJ)

• BYD shares boosted by plans to build first EV plant in Thailand (OPTO) 

Economic Calendars

Economic Calendar (TODAY)
(Click image to enlarge)
Economic Calendar (YESTERDAY)
(Click image to enlarge)
(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO/Trading Economics)

Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.