G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst!
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- ASX & Economic Key Events
- Trading Idea of the Day
- APAC Daily Report
- Market Snapshot & Highlights
- Global Markets Headlines
ASX & Economic Key Events
Trading Idea of the Day
ASX: VEA - Viva Energy Group 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
Market Snapshot & Highlights as of 7am AEST
Global Markets Headlines
(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)