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Azeem Sheriff -
CMC Markets -
Trading Idea of the Day
NYSE:F - Ford Motor Group - BULLISH BIAS
- Key levels on the chart - consider taking trades from key support/resistance levels
- Bank of America forecasts that Ford will outpace Tesla in sales by 2025, with its plans to have 7 new EV models by 2026, providing consumers with purchasing power, flexibility and utility amongst other EV producers.
- Given Ford's dominance in the motor vehicle space and real estate for showrooms, we could see their EVs dominating the scene in all showrooms at a faster pace which will secure market share for new consumers entering the market.
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ASX & Economic Key Events
ASX Key Events Calendar (TODAY)
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Economic Key Events (TODAY)
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Economic Key Events (YESTERDAY)
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APAC Daily Report
Market Snapshot & Highlights as of 7am AEST
EXPECTATIONS: Energy FLAT (flat crude) & Materials MIXED.
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Global Markets Headlines
State funeral for Queen Elizabeth II ushers in the end of an era (CNBC)
Ford warns investors of an extra $1 billion in supply chain costs during the third quarter (CNBC)
China’s economy may have done well in August but outlook remains grim (CNBC)
India’s rice export ban: The Asian countries set to be hit hard — and those that’ll profit (CNBC)
Volkswagen shares up slightly on Porsche’s 70-75 billion euro valuation (CNBC)
Biden says U.S. forces would defend Taiwan in the event of a Chinese invasion (CNBC)
China central bank cuts 14-day reverse repo rate, steps up cash injections (CNBC)
Why are Deep Yellow shares outperforming Australian uranium stocks? (OPTO)
(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)
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