Podcast Archive

US markets didn’t know what to make of the jobs numbers on Friday night, which missed expectations badly although Covid restrictions distorted the seasonal element of the read. We’re set for a slightly softer start this morning according to Saturday morning SPI Futures. Get in the know with Henry’s morning update. 

• ASX SPI 200 Futures down 4
• US Markets slightly weaker on disappointing jobs number.
• Commodities firm.
• Oil up 0.54%
• US Reporting season kicks off this week. Columbus Day in US tonight.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

• The ASX 200 up 63 points to 7320 (0.9%) rallying hard into the weekend on better news from China, higher commodity prices, US debt ceiling news and a breakout of optimism ahead of the US jobs data. Resource stocks leading the charge higher as punters focused on BHP’s oil and coal exposure sending the stock up 3.0%. FMG rose 2.4% as China returned from Golden Week and the PBoC withdrew stimulus. RIO up 4.0% and BSL up 1.7%. Both SFR and OZL had strong bounces and gold miners were slightly higher. 
• Oil and gas stocks back in demand, STO up 1.5% and WPL rising 1.4%. Industrials firmed with WOW up 0.6% after resolving an underpayment issue, WES rose 1.3% and SEK and REA rallied well. Tech stocks also in the green, APT up 2.0% following the Square price higher. The All-Tech Index rose 1.42%. 
• The Big Bank Basket up to $185.22 (0.8%) with MFG bouncing on broker comments and insurers strong on bond yield rises. 
• In corporate news, EML’s attempt to sneak in bad news at the close yesterday failed and the stock dropped 14.6%. ERA have announced the cost of going to rehab, rose, rose, rose and the stock fell then rallied to close unchanged. In economic news, the RBA issued the financial stability report, worried about housing lending and cyber-attacks. Aren’t we all? 10-year yields soar to 1.64%.
• Jobs number in US tonight. European markets opening flat.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

The Dow booked a third winning session in a row overnight, amid progress on the US debt ceiling negotiations. Catch up on all the action with Henry's Breakfast Briefing.

• ASX SPI Futures up 33.
• US markets put in a solid gain, DOW up 1%. Tech rally continues.
• China back on stream today.
• Oil prices pick back up.
• RBA Financial Stability report at 11.30am

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

•  The ASX 200 kicks 50 points higher to 7258 (0.7%) in tentative trade. A bounce in banks continues with the Big Bank Basket up to $185.22 up 0.6 %. MQG also doing well up 1.7% and MFG down 1.3% as brokers pronounce judgement on FUM losses. Industrials firmed across the board, WOW up 1.5%, WES rising 0.5% on aggressive moves on API up 1.7%. 
• Healthcare in the pink, CSL up 0.7%, SHL up 1.5% and COH up 2.6%. Tech stocks were back in demand, APT leading the charge up 3.1% and XRO doing well up 2.8%. Mining stocks relatively flat, BHP unchanged and FMG down 1.9% with China still on holiday. Energy stocks slid back slightly but the energy story has a long way to run. STO down 2.2% and WPL off 0.1%.
•  In corporate news, plenty happening in small caps, CXL killed it up 14.4% on a good LEILAC report, SZL rose 14.6% on a Target tie up, RED rose 17.8% on KOTH news, CKF hit record highs on Dutch chicken licking news up 6.9%. Payrolls numbers out today but NSW opening up a positive. Travel stocks somewhat mixed though, QAN down 0.7% and WEB up 1.9%. 

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

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Today we look at the reduced market risk after the debt ceiling deal overnight. We also look at the energy prices which have topped out dramatically as Russia offers to open up the LNG gas pipeline. If you’re going to buy banks for dividends now is the time to look at ANZ, WBC, NAB. A happy-go-lucky day today. Major market concerns seem to be fading. China starts trading again tomorrow (Evergrande may come back on). US jobs numbers the focus on Friday.

This week on the desk, the boys take up the personas of a long-term and medium-term investor to find out the differences in tactics,  interests, personality traits, and lifestyle for each of the approaches. 

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.

The Dow staged a 560 point turnaround last night, whilst coal was smashed 20%. These are strange times and you need Henry's Breakfast Briefing... the calm in the storm. 

• ASX SPI 200 up 33 points to 7210 after a volatile night in US.
• Early US losses but late rally as debt ceiling pushed back.
• Energy prices ease. Russia to rescue Europe.
• Volatility to continue.
• US reporting season kicks off soon.

• The ASX closes down 42 points to 7207 (0.6%) after a solid start gave way to banking and interest rate jitters. Whether it was APRA moves on local lending on the RBNZ decision to jack up rates, the market turned from solid but uninspiring to just uninspiring. 10-year yields leapt to 1.59%. 
• Banks led the down turn with the Big Bank Basket falling back to $184.15. CBA fell 2.0% on a broker downgrade. MQG also succumbed 0.4% and MFG dropped 4.1% on another disappointing FUM number. 
• Industrials eased back, WES fell 1.3%, ALL down 1.0%, TCL off 1.0% and WOW falling 0.5%. Tech was unchanged with APT following square higher by 3% although that may change tonight. The All-Tech Index unchanged, WTC down 3.6% and XRO off 0.7%. 
• Travel stocks slid with FLT off 6.6%  and WEB down 6.2% Miners were pressured but nothing dramatic, energy stocks paused for breath with STO up 2.3%. 
• On the economic front all eyes across the ditch as the RBNZ raised rates. Signalled more to come to fight inflation. In corporate news, A2M fell 7.7% on a class action launched by Slater and Gordon, SWP announced it would acquire Newcastle based telco. US futures eased ahead of crucial debt vote tonight.

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The market doesn’t quite know what to do today. Still in the short-term downtrend. Still holding the long-term uptrend. A few brokers downgrading the CBA, it is the obvious time of year ahead of the other bank results. The property market might be peaking as APRA move to tighten lending rules. Plenty of other bits and bobs today. Henry on Ausbiz at 12pm. 

Down one day, up the next... the wild ride on equity markets continues. Overnight US markets posted solid gains, seeing SPI Futures up 36-points. Catch up on all the action with Henry's Breakfast Briefing.

• ASX 200 set for a rebound. Tech and energy the focus.
• SPI up 36 points. US Tech rebounds despite yields pushing to 1.53%
• Oil continues its run. Base metals flat. Coal still in demand.

Win up to $3000 by picking the best performing stock on the ASX. Submit your entry for the One Stock Portfolio Competition today.