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Need 4 Speed - ASX Report - 29/09/22

ASX Trading

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 -  
CMC Markets - 

Trading Idea of the Day

NYSE:DAL - Delta Air Lines - BULLISH BIAS

  • Americans travelling overseas will notice that the strength of their USD is much higher relative to the country they’re visiting and can get more purchasing power.  
  • Delta Airlines could see an influx in US-based travellers heading overseas in pursuit of a holiday where the cost of living is comparatively cheaper thanks to a stronger USD.
  • Given international passenger revenue has recovered 81% of its pre-COVID numbers, we can expect the rising USD to further strengthen, resulting in a potential higher bottom line for the company.

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

Economic Key Events (YESTERDAY)

OPTO For Investors Research

Article of the Day: Walmart shares upbeat on metaverse venture with Roblox
Podcast of the Day: Market strategist Kiril Sokoloff’s thematic investment radar 

APAC Daily Report

Market Snapshot & Highlights as of 7am AEST

EXPECTATIONS: Energy HIGHER (higher oil) & Materials LOWER on falling base metal prices.

Global Markets Headlines

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


Disclaimer: CMC Markets Singapore may provide or make available research analysis or reports prepared or issued by entities within the CMC Markets group of companies, located and regulated under the laws in a foreign jurisdictions, in accordance with regulation 32C of the Financial Advisers Regulations. Where such information is issued or promulgated to a person who is not an accredited investor, expert investor or institutional investor, CMC Markets Singapore accepts legal responsibility for the contents of the analysis or report, to the extent required by law. Recipients of such information who are resident in Singapore may contact CMC Markets Singapore on 1800 559 6000 for any matters arising from or in connection with the information.

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