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Need 4 Speed - Pre Market ASX Report - 14/09/22

ASX Market Board


G'day folks and welcome to another trading day with your friendly, neighbourhood CMC 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)

Economic Key Events (YESTERDAY)

Trading Idea of the Day

NYSE: DIS - Walt Disney Co

  • BULLISH BIAS
  • Key levels on the chart - consider taking trades from key support/resistance levels
  • The CEO made a statement in the last earnings report that the company's earnings are heavily reliant on consumer demand, therefore, as COVID deteriorates and consumers are more confident to travel and readjust their discretionary spending patterns, the CEO expects demand for Disney's good and services to pick up, especially with Disneyland.
  • There is currently a focus on growing the streaming services subscription to compete with the likes of Netflix, although still quite far, their competitive advantage is price and diversifying their content for all ages.

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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 & Material sectors potentially DOWN on the back of lower commodity prices and a higher USD
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Global Markets Headlines

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


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