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
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$20 billion Figma deal is a historic coup for startup investors in an otherwise miserable year (CNBC)
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Ether falls after the smart contracts network completes long anticipated ‘merge’ (CNBC)
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FedEx cutting costs, withdraws 2023 guidance after first-quarter shipments disappoint (CNBC)
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Roger Federer, Swiss tennis great, announces he’s leaving the sport (CNBC)
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Patagonia founder just donated the entire company, worth $3 billion, to fight climate change (CNBC)
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Shell CEO Ben van Beurden to step down, renewables boss Wael Sawan to take the helm (CNBC)
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Mortgage Rates Top 6% for the First Time Since the 2008 Financial Crisis (WSJ)
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U.S. Railroad Strike Averted as Tentative Deal Is Reached, Biden Says (WSJ)
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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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