Check out our daily ASX pre-market and AU macro outlook below!
Content Summary
- APAC Daily Report
- Market Snapshot & Highlights
- Global Markets Headlines
- ASX Economic Calendar
- Trading Idea of the Day
- Economic Calendars
APAC Daily Report
Click here to access our CMC APAC Morning Report, prepared by my fellow market analyst @TinaTeng_CMC
Market Snapshot & Highlights (as of 7 am AEST)
EXPECTATIONS: Energy down & Materials potentially up
(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO/Trading Economics)
Global Markets Headlines
- GameStop reports wider loss, announces partnership with crypto exchange FTX (CNBC)
- Saudi Arabia and Gulf neighbours threaten Netflix over content that ‘violates Islamic values’ (CNBC)
- World’s second-largest movie chain operator Cineworld files for U.S. bankruptcy (CNBC)
- European Central Bank could unleash a jumbo rate hike as the economy slides toward recession (CNBC)
- Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China (CNBC)
- Ubisoft plunges 17% after Chinese giant Tencent ups stake (CNBC)
- British pound falls to its lowest level against the dollar since 1985 (CNBC)
- Asia-Pacific markets fall ahead of Fed’s Beige Book; China’s trade data misses expectations (CNBC)
- Apple’s iPhone 14 Lineup Headlines Wednesday Product Event (WSJ)
- Fed on Path for Another 0.75-Point Interest-Rate Lift After Powell’s Inflation Pledge (WSJ)
- Shell and BP shares outpace TotalEnergies as gas prices surge (OPTO)
ASX Economic Calendar
Trading Idea of the Day
(DXY – Dollar Index)
- Potential BUY
- Key levels on the chart - consider taking trades from key support/resistance levels
- Strong interest rate differentials supporting the USD steam train, expecting to get stronger with more aggressive rate hikes.
Macro-Economic Calendar
Economic Calendar (TODAY)
