G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst!
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Content Summary
- ASX & Economic Key Events
- Trading Idea of the Day
- APAC Daily Report
- Market Snapshot & Highlights
- Global Markets Headlines
ASX & Economic Key Events
ASX Key Events Calendar (TODAY)
Economic Key Events (TODAY)
Economic Key Events (YESTERDAY)
Trading Idea of the Day
ASX: ALD - Ampol Ltd
- BULLISH BIAS
- Key levels on the chart - consider taking trades from key support/resistance levels
- With soaring energy prices due to increasing global demand, Australia may be in a position to export its energy products to the likes of Europe which will boost the local economy and production, driving energy stocks higher over the coming few months.
- >50% of investors incl traders/economists/hedge funds/fund managers etc highlighted in a Bloomberg survey that they will be increasing their portfolio exposure to Energy over the coming 6 months.
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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 DOWN (lower WTI) & Materials DOWN on the back of lower base metal prices and a slightly higher USD
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Global Markets Headlines
$20 billion Figma deal is a historic coup for startup investors in an otherwise miserable year (CNBC)
Ether falls after the smart contracts network completes long anticipated ‘merge’ (CNBC)
FedEx cutting costs, withdraws 2023 guidance after first-quarter shipments disappoint (CNBC)
Roger Federer, Swiss tennis great, announces he’s leaving the sport (CNBC)
Patagonia founder just donated the entire company, worth $3 billion, to fight climate change (CNBC)
Shell CEO Ben van Beurden to step down, renewables boss Wael Sawan to take the helm (CNBC)
Mortgage Rates Top 6% for the First Time Since the 2008 Financial Crisis (WSJ)
U.S. Railroad Strike Averted as Tentative Deal Is Reached, Biden Says (WSJ)
The buy signal Bill Ackman is watching for stock markets (OPTO)
(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)
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