Need 4 Speed - Pre Market ASX Report - 13/09/22

G'day folks and welcome to another trading day with your friendly, neighbourhood Market Analyst!




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 & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)
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Economic Key Events (YESTERDAY)
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Trading Idea of the Day

FLT - Flight Centre Travel Group Ltd

• BULLISH BIAS
• Key levels on the chart - consider taking trades from key support/resistance levels
• As global travel demand picks up, expecting the travel industry to pick up significantly, especially after many countries open up borders and allow foreigners (eg Japan)
• Price is in a ranging motion, near strong support level so great risk to reward opportunity.

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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 7 AM AEST

EXPECTATIONS: Energy & Material sectors potentially UP on back of higher commodity prices
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Global Markets Headlines

• Goldman Sachs to kick off Wall Street layoff season with hundreds of job cuts this month (CNBC) 

• Peloton co-founders John Foley and Hisao Kushi are leaving the company in a broad executive shakeup (CNBC)

• Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows (CNBC)

• Quantitative tightening will be a market headwind that hasn’t been priced in, says Strategas’ Trennert (CNBC)

• Bitcoin tops $22,000, hitting its highest in nearly a month ahead of inflation data and Ethereum merge (CNBC)

• Fed is likely to pause by year-end, says Evercore’s Julian Emanuel (CNBC)
• Twitter Shareholders Are Poised to Approve Elon Musk Takeover Deal (WSJ)

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