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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)


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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