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ASX200 Afternoon Report June 28th 2022
The ASX200 is on track to lock in a fourth straight day of gains, trading 36 points higher at 6742 at 3.00 pm Sydney time.
Another US business sentiment report flashes red ahead of the ISM
The Texas Fed Business Outlook Survey is the latest regional report for the US to send warning signals for the US economy.
OPEC preview: Will OPEC+ increase output in August?
When OPEC+ meets later this week, it is unlikely to increase output more than the expected 648,000 bpd.
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Currency Pair of the Week: EUR/USD
With inflation data and manufacturing data from both the US and the EU this week, EUR/USD could be volatile.
What you should know about the GlaxoSmithKline demerger
The LSE could see its biggest IPO in a decade when GlaxoSmithKline spins off its Consumer Healthcare business into a new company. Discover everything you need to know about the GSK demerger and subsequent £50 billion Haleon IPO.
Bed Bath & Beyond Q1 preview: Where next for BBBY stock?
Bed Bath & Beyond is pushing ahead with its turnaround plan, although supply chain disruption is making it more difficult.
What are value stocks and how do you find them?
Value stocks are a popular category of shares that are viewed as undervalued. Finding value stocks is a common strategy for traders who want to take advantage of the possible share price growth that could follow. Discover how to find value stocks and see some value stocks to watch.
Gold: What does Russian gold exports ban mean for metal, miners?
Russia might be the world’s second-biggest bullion miner, there are plenty of countries that could step in to meet any shortfall in physical gold supply.
Reddit stocks: what meme stocks are trending?
Reddit has become a hub for social-media driven traders and investors that have proven their ability to move the markets, injecting huge volatility into stocks like GameStop and AMC. But what stocks are grabbing attention on Reddit today?
Commitment of traders report (COT): Traders most bullish on DXY in 5-years
Net-long exposure to the US dollar index (DXY) hit its highest level since March 2017, although the move was mostly a function of short-covering.
European Open: 7300 in focus for FTSE bulls
Equity markets continued to rally in Asia as we approach the quarter end. And with futures markets also pointing higher then perhaps they can help the FTSE make it was to 7300.
ASX200 Afternoon Report June 27th 2022
The ASX200 has kicked off the new week, adding a whopping 129 points to be trading at 6708 at 2.45 pm Sydney time.
Week Ahead: OPEC+, more inflation and manufacturing data
As a result of inflation and manufacturing data, fears started creeping into the markets of the dreaded “R” word – Recession.
What you need to know about the Kellogg three-way split
Kellogg Company has announced a division of its plant-based, cereal, and snacking brands into three new companies. It’s a major portfolio split that shot Kellogg’s shares up 8% on the day of the announcement. Learn more about the split and what impacts you can expect to see on the company’s stock.
-#Volatility underwhelmed with most daily ranges <ATR(10) - #WallStreet finished lower (despite gapping higher) with the #Nasdaq down -0.8% - #USD was lower with #inflation expectations as traders question 75-bp #Fed hike - #Oil rose as the #G7 vow new #Russia #Sanctions https://t.co/ZjJPNIKLLY
Bank of Mexico hikes 75bps after higher inflation reading
Will USD/MXN continue lower? It may depend on whether the central bank decides to hike another 75bps at its August meeting!
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Earnings This Week: Nike, Micron and Bed Bath & Beyond
The calendar is headlined by updates from athleisure giant Nike, chipmaker Micron, pharmacy giant Walgreens Boots and meme stock favourite Bed Bath & Beyond.
US open: Stocks rise as recession fears are pushed aside for now
US stocks are rising despite recession fears lingering. The mood had improved even if the data hasn’t.
Forex Friday: EUR, CHF, JPY
In this week’s edition, we discuss the euro amid recession worries and review the yen and franc after last week’s policy decisions from BoJ and SNB
Most traded stocks of the week
We reveal the most traded stocks among our clients over the past week, providing insight into what equities are grabbing the most attention from traders.
Forex correlation: how do currencies align with other assets?
How do forex pairs interact with each other – and with other asset classes such as commodities and equities? Find out in this piece.