Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Need 4 Speed - ASX Report - 05/10/22

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:OXY - Occidental Petroleum Corporation - BULLISH BIAS

  • Sky high oil prices and tight supply make oil an appealing investment.

  • A decade of low oil prices of ever-increasing ESG concerns has caused a structural undersupply of fossil fuels. Conflict in Eastern Europe has put further pressure on oil supply across Europe.

  • Increased oil and gas pricing globally has made Occidental a cash printing machine in 2022.
  • Occidental Petroleum is a US oil giant focused predominantly on shareholder returns through dividends, share buybacks and debt repayment.

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: Tesla share price tumbles as it misses Q3 delivery target
Podcast of the Day: Portfolio manager Caroline Cai’s take on an emerging markets’ debt crisis

APAC Daily Report

Market Snapshot & Highlights as of 7am AEST

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

Global Markets Headlines

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

 

 


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