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Need 4 Speed - Pre Market ASX Report - 08/09/22

ASX Market Board

Check out our daily ASX pre-market and AU macro outlook below!

Content Summary

  • APAC Daily Report
  • Market Snapshot & Highlights
  • Global Markets Headlines
  • ASX Economic Calendar
  • Trading Idea of the Day
  • Economic Calendars

APAC Daily Report

Market Snapshot & Highlights (as of 7 am AEST)

EXPECTATIONS: Energy down & Materials potentially up
 &  for up-to-date market news.

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


Global Markets Headlines

GameStop reports wider loss, announces partnership with crypto exchange FTX (CNBC) 
​- Saudi Arabia and Gulf neighbours threaten Netflix over content that ‘violates Islamic values’ (CNBC)
World’s second-largest movie chain operator Cineworld files for U.S. bankruptcy (CNBC)
- European Central Bank could unleash a jumbo rate hike as the economy slides toward recession (CNBC)
Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China (CNBC) 
Ubisoft plunges 17% after Chinese giant Tencent ups stake (CNBC) 
British pound falls to its lowest level against the dollar since 1985 (CNBC)
Asia-Pacific markets fall ahead of Fed’s Beige Book; China’s trade data misses expectations (CNBC)
Apple’s iPhone 14 Lineup Headlines Wednesday Product Event (WSJ) 
- Fed on Path for Another 0.75-Point Interest-Rate Lift After Powell’s Inflation Pledge (WSJ)
Shell and BP shares outpace TotalEnergies as gas prices surge (OPTO)

ASX Economic Calendar

Trading Idea of the Day

(DXY – Dollar Index)

  • Potential BUY
  • Key levels on the chart - consider taking trades from key support/resistance levels
  • Strong interest rate differentials supporting the USD steam train, expecting to get stronger with more aggressive rate hikes.

Macro-Economic Calendar

Economic Calendar (TODAY)

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