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 Read - ASX Report - 15/11/22

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 Invest platform and follow us on Twitter: 

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Trading Idea of the Day
 

ASX:ELD - Elders Ltd - BULLISH BIAS

  • Key levels on the chart - consider taking trades from key support/resistance zones.
  • Elders announced at 39% jump in annual underlying earnings to $232.1m.
  • Longstanding CEO announces his exit.
  • Due to extreme rainfall events across the eastern states it’s unclear whether full harvest potential for both summer and winter crops can be reached.
  • Full-year FY22 highlights also included: Net profit up 9% to $162.9m, Dividends up 33.3% year-on-year, Real Estate Services gross margin was $61.6m, up 21% on FY21, Net debt stood at $284.9m, up $68m on the prior year.
  • Longstanding CEO Mark Allison to step down on or before Nov 23, completing 10yrs of leadership.

ASX & Economic Key Events


ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

Economic Key Events (YESTERDAY)
No key events yesterday
 

OPTO For Investors Research


Article of the Day: Medical cannabis fuels growth in Canopy, Cronos and Curaleaf

Podcast of the Day: Investment educator Brian Feroldi’s three principles for long-term investing
 

APAC Daily Report



 

Market Snapshot & Highlights as of 8:00am AEDT


EXPECTATIONS: Energy LOWER (lower oil prices) & Materials HIGHER on overall higher precious 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 is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.