Podcasts about australian share market

This week - in 1987 - the ASX fell 25 per cent IN A DAY. Just now the local share market is going gangbusters: In fact, it is testing its all- time valuation peak. But here's the thing: The market will crash again - we just don't know when this will happen or what might trigger the downturn. What was it like to sit through a 25 per cent drop in a matter of hours and what can we learn from it as investors? Alex Moffatt of Joseph Palmer and Sons joins wealth editor James Kirby in this episode. ------ In today's show, we cover: Lessons from the great crash of 1987 Why markets overheat and how to protect yourself Is the scandal at MinRes a sign of things to come  NextDC - Why this value investor thinks it too hot to handle See omnystudio.com/listener for privacy information.

It's taken about two decades for the wider investment public to understand ETFs: The index funds that allow you to buy anything from the ASX 200 to the S&P 500 are now very popular. But just as the message on passive investing broke through, the sector has turned the idea upside down by going head-to-head with active managers. It's time to figure out what's going on. Marc Jocum of GlobalX joins wealth editor James Kirby in this episode  -------In today's show, we cover: Getting to know traditional ETFs The pros and cons of new-style active ETFs  Geared ETFs - How do they work?   Using ETFs for unlisted assets  See omnystudio.com/listener for privacy information.

Wall St closed lower overnight as the S&P 500 fell for the fifth straight day, its longest losing streak since October. The Dow Jones gained 0.06%, the tech-heavy Nasdaq lost over half a percent and the S&P 500 lost 0.22%.Over in Europe, markets closed higher as investors speculate about the first interest rate cut by the European Central Bank. Germany's DAX closed 0.38% higher, the French CAC closed 0.52% in the green and over in the UK, the FTSE100 ended the trading session up 0.37%.Locally yesterday, the ASX200 closed 0.48% higher with the majority of the sectors rallying. Gains were led by the information technology and materials sectors which gained 1.01% and 0.99% respectively. This was offset by the health sector which lost 0.47% by market close yesterday.What to watch today: The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.72% at market open this morning.On the commodities front this morning, Oil is trading 0.64% lower at US$82.16 a barrel, following a surge in US oil inventories. Gold is trading 0.48% higher at US$2379 an ounce after financial chiefs in the US, Japan and Korea signalled a warning over depreciation in currencies. And iron ore is trading 1.16% higher at US$107.30 a tonne.Trading Ideas: Bell Potter maintains a buy rating on APM Human Services International (ASX:APM) despite decreasing its 12-month price target to $1.40. The buy rating is maintained by Bell Potter following the APM board receiving an offer of $1.40 per share from MDP. Hence, the 12-month target price target reflects the offer from MDP, which is believed by Bell Potter, likely to proceed.And Trading Central has identified a bullish signal in Pointsbet Holdings (ASX:PBH), indicating that the stock price may rise from the close of $0.81 to the range of $0.88-$0.90, on a pattern formed over 24 days, according to the standard principles of technical analysis.

Wall St closed lower overnight as geopolitical tensions continue in the Middle East. The Dow Jones fell 0.65%, the S&P500 lost 1.2% and the tech-heavy Nasdaq ended the trading day, 1.79% in the red.The CBOE Volatility index, Wall Street's fear gauge closed at its highest level since October following Iran's attack on Israel on Saturday night, the first direct attack on Israel from Iran.Over in Europe, markets closed mixed as investors react to the Middle Eastern War. The STOXX600 closed marginally higher with oil and gas stocks leading losses down 1.6%. Germany's DAX rose over half a percent, the French CAC gained 0.43% and over in the UK the FTSE100 closed 0.38% lower.Locally yesterday, the ASX200 closed 0.46% lower with the majority of the sectors finishing in the red. Losses were led by the information technology and communication services sectors which lost 1.75% and 1.05% respectively. This was offset by the energy sector which gained 0.38%.What to watch today: The ASX200 is set to open lower with the SPI futures suggesting a fall of 0.81% at market open this morning.On the commodities front this morning,Oil is trading 0.06% higher at US$85.68 a barrel as investors react to the Middle Eastern tensions. Gold is trading 1.71% higher at US$2383 an ounce and iron ore is trading 1.28% higher at US$106.05 cents a tonne as markets increased their bets of higher demand for iron from Chinese steel producers.Trading Ideas: Bell Potter maintains a buy rating on Life360 (ASX:360) and has a 12-month price target of $16.25. The buy rating is maintained by Bell Potter with first quarter results to be released on the 10th of May, with forecasts and already released metrics implying a solid quarter and a positive start to the year.And Bell Potter maintains a hold rating on Droneshield (ASX:DRO) and has increased its 12-month price target to $1.00. The hold rating is recommended as despite strong results in 2024, the announcement of only one single material contract year to date makes Bell Potter believe there is a heightened downside risk at current levels if contracts in the pipeline are delayed until the second half.

Wall St closed Monday's trading session mixed as investors await key US inflation data. The Dow Jones lost 0.03%, the S&P 500 fell 0.04%, while the tech-heavy Nasdaq gained 0.03%. US treasury yields also rose, up 4 basis points to 4.42%. In terms of US shares, Tesla shares gained 4.9% following the announcement from CEO, Elon Musk that the company's robotaxi will be unveiled in August.Over in Europe, markets closed higher to start the trading week as investors await on decisions from the central bank. The STOXX600 ended the day 0.5% in the green, led by mining stocks which rallied 2% whilst media stocks fell 0.2%. Germany's DAX rose 0.79%, the French CAC increased by 0.72% and over I the UK the FTSE 100 gained 0.41%.Locally yesterday, the ASX200 rose by 0.2% by market close, led by gains in the information technology and utilities sectors of 1.19% and 0.83% respectively. This was offset by the energy sector which lost 1.24% by closing bell.What to watch today: The Australian share market is set to open higher with the SPI futures suggesting a rise of 0.46% at market open this morning.On the commodity front this morning, Oil is trading 0.44% lower at US$86.57 a barrel as easing tensions in the Middle East outweighed expectations of tighter global supply.Gold is trading 0.41% higher at US$2339 an ounce and iron ore is trading flat at US$102 a tonne.Trading Ideas: Bell Potter has maintained a buy rating on Beach Energy (ASX:BPT), despite decreasing its 12-month price target to $1.80. The buy rating is maintained by Bell Potter as Waitsia Stage 2 and expansions in the Otways are key growth drivers for BPT, in a market where peers are struggling to lift production. BPT is rolling-off peak capex into a step-change in production and free cash flow in FY25-26 and has retained a strong balance sheet.And Trading Central has identified a bearish signal in Patriot Battery Metals (ASX:PMT), indicating that the stock price may fall from the close of $0.84 to the range of $0.71-$0.73 on a pattern formed over 23 days, according to the standard principles of technical analysis.

Wall St closed lower overnight as investors await the release of jobs data on Friday. The Dow Jones closed 1.35% lower, the S&P 500 lost 1.23% and the tech-heavy Nasdaq fell 1.4%.Over in Europe, markets closed higher overnight following a slow start to Q2. The STOXX600 closed 0.16% higher with mining stocks gaining 1.7%, whilst chemicals fell 0.6%. Germany's DAX rallied 0.19%, the French CAC lost 0.2% and over in the UK the FTSE100 closed just under half a percent higher.Locally yesterday, the ASX200 ended Thursday's trading session 0.45% higher with all sectors finishing in the green. Gains were led by the information technology and utilities sectors which rose 1.18% and 0.94% respectively.What to watch today: The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.8% at market open this morning.On the commodities front this morning Oil is trading 1.32% higher at 86 US dollars and 60 cents a barrel as continuing geopolitical tensions interrupt oil supply. Gold is trading 0.28% lower at 2291 US dollars an ounce as investors await key US jobs data to be released on Friday. And iron ore is trading 1.92% lower at 102 US dollars a tonne.Trading Ideas: Bell Potter has maintained a speculative buy rating on EBR Systems (ASX:EBR) and has increased its 12-month price target to $1.43. The speculative buy rating is maintained by Bell Potter as the results from the sub-study released six months ago provided further support for EBR's WiSE technology developed to eliminate the need for cardiac pacing leads. There is anticipated additional equity funding post FDA approval in the first half of FY25, driving a 10% valuation adjustment.And Trading Central has identified a bearish signal in Dexus Convenience Retail REIT (ASX:DXC), indicating that the stock price may fall from the close of $2.69 to the range of $2.43-$2.47, on a pattern formed over 53 days according to the standard principles of technical analysis.

Wall St closed lower overnight following the release of inflation data that came out higher than expectations. The Dow Jones fell 0.35%, the S&P500 lost 0.29% and the tech-heavy Nasdaq ended the day 0.3% in the red.US producer price index for February came out overnight, showing a 0.6% rise month on month, double the consensus and forecast of 0.3%.Over in Europe, markets closed lower following further inflation readings coming out of the US. The STOXX600 closed down 0.2% with media stocks ending the session 0.7% higher and mining stocks falling 1.4%. Germany's DAX fell 0.11%, the FTSE100 fell 0.37% with the French CAC gaining 0.29%.Locally yesterday, the ASX200 fell 0.20% by market close yesterday. Losses were lead by the financial and consumer discretionary sectors which lost 1.88% and 0.73% respectively. This was offset by the materials sector which rallied 1.85% by the end of the trading session.What to watch today: The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.73% at market open this morning.On the commodity front this morning, Oil is trading 1.72% higher to US$81.09 cents a barrel as the IEA increased its 2024 demand-growth estimation for crude oil to 1.3 million barrels from 1.2 million. Gold is trading lower just over half a percent at US$2162 an ounce as the US inflation reading overnight made investors question the Fed's interest rate cuts. And iron ore is trading 3.15% lower at US$107.50 cents a tonne.Trading Ideas: Bell Potter has initiated coverage on McMillan Shakespeare (ASX:MMS) and has a buy recommendation with a 12-month price target of $22.52. McMillan Shakespeare is a leading provider of employee benefits within remuneration packages and operated commercial fleets and disability support services. It has been initiated as a buy rating as MMS provides a unique exposure to a growing demand profile for renewable fuels and vehicle electrification on the ASX. Australia will need to achieve more than 50% of new EV sales by 2030 to meet current climate targets.And Trading Central has identified a bearish signal in Tourism Holdings (ASX:THL), indicating that the stock price may fall form the close of $3.10 to the range of $2.25-$2.40 on a pattern formed over 183 days, according to the standard principles of technical analysis.

Wall St closed higher overnight as stocks resumed the recent rally after key inflation data came in-line with expectations. The Dow Jones climbed 0.61%, the S&P500 traded 1.12% higher and the tech-heavy Nasdaq rose 1.54%. Investors took confidence in the slight rise in inflation through the latest CPI data, indicating core inflation rose 0.4% in February from January and 3.8% year-on-year, while the inflation rate in the US rose just 0.1% to 3.2% in February.Over in Europe, markets closed higher in the region as investors responded to the latest US inflation data report. The STOXX600 rose 1% driven by automotive stocks while Germany's DAX rose 1.23%, the French CAC added 0.84% and, over in the UK, the FTSE100 gained 1.02% on Tuesday.British unemployment rate data came out yesterday indicated a rise to 3.9% for January from 3.8% in December and slowing wage growth which provide further supportive evidence for interest rate cuts to come.Locally yesterday, the ASX ended Tuesday's rollercoaster session 0.1% higher after a morning rally was overturned in midday trade by a US-inflation data fear driven sell off, before settling the day up 0.1%. Gains were led by the information technology and utilities sectors which rose 1.15% and 0.88% respectively. This was offset by the energy sector which lost 0.77%.What to watch today: The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.18% at market open this morning.On the commodities front this morning, Oil is trading 0.16% higher at US$78.05 cents a barrel following OPEC's optimistic outlook on global oil demand growth in 2024 and 2025.Gold is trading 1.1% lower at US$2158 an ounce, following US inflation data coming back slightly above expectations.And iron ore is trading down 5.96% to US$110.50 a tonne following subdued demand in China causing a cautious approach among steelmakers who are hesitant on restocking supply.Trading Ideas: Bell Potter has maintained a buy rating on Telstra Group (ASX:TLS) and has an unchanged 12-month price target of $4.25. The buy rating is maintained by Bell Potter as the FY24 results are seen as a potential catalyst to meet the guidance with the highlights being continued strong growth in the core mobile and infrastructure businesses and signs of some turnaround in Enterprise. And Trading Central has identified a bullish signal in GUD Holdings (ASX:GUD), indicating that the stock price may rise from the close of $11.42 to the close of $13.40-$13.90, on a pattern formed over 25 days according to the standard principles of technical analysis.

Wall St fell overnight as investors await important US inflation data out on Tuesday. The S&P 500 finished the day 0.11% lower, as did the tech-heavy Nasdaq which closed 0.41% in the red. Whilst the Dow Jones added 0.12% by the closing bell. These losses come as CPI data for last month will be released in the US on Tuesday with economists predicting CPI will rise 0.4% between January and February and 3.1% on an annual basis.Over in Europe, markets closed lower overnight to start the new trading week. The STOXX600 closed 0.4% lower with technology stocks losing 2.1% while food and beverage stocks added 0.3%. Germany's DAX fell 0.38%, the French CAC lost 0.1% and over in the UK the FTSE100 gained 0.12%.Locally yesterday, the ASX200 closed the trading session down 1.82% with all sectors ending in the red. Losses were led by the materials and financial sectors which fell 2.56% and 2.17% respectively.What to watch today: The Australian share market is set to open slightly higher, with the SPI futures suggesting a rise of 0.06% at market open this morning.Australian inflation data will be released this morning with core inflation month on month forecasted at 0.3%, slowing from the 0.4% in the previous month.On the commodities front this morning, Oil is trading up 0.04% at US$78.04 a barrel ahead of important US inflation data and monthly OPEC reports to be released this week. Gold is trading 0.24% higher at US$2182 an ounce and iron ore is trading 0.84% lower at US$117.50 a tonne.What to watch today: Bell Potter maintains a buy rating on Paragon Care (ASX:PGC) and has increased its price target to $0.31. The buy rating is maintained by Bell Potter as Paragon Care have entered into a share sale agreement with the privately owned CH2, whereby PGC will acquire all CH2 shares, with the merger transaction highly likely to proceed. The valuation is based on the full year proforma earnings for the merged group using a capitalised earnings model of 8x post-merger EBITDA, inclusive of $8m in revenue and cost synergies.And Trading Central has identified a bullish signal on Perseus Mining (ASX:PRU), indicating the stock price may rise from the close of $14.77 to the range of $17-$17.50 on a pattern formed over 126 days, according to the standard principles of technical analysis.

Wall St fell on Friday as the Dow Jones closed out its worst week since October losing 0.18% by the closing bell. The S&P 500 lost 0.65% and the tech-heavy Nasdaq fell 1.16%. US unemployment data was also released on Friday coming in at 3.9%, 0.2% higher than the forecast and consensus of 3.7%.In terms of US stocks, despite rising 6% over the week, Nvidia lost 5% in its worst session since last May.Over in Europe, markets closed mix following the European Central Bank's inflation forecast and US jobs data release. The STOXX 600 closed 0.03% higher, led by the financial sector which gained 1%, whilst the technology sector lost 1.5%. Germany's DAX closed 0.16% lower, as did the FTSE 100 which fell 0.43%, whilst the French CAC gained 0.15%.Locally on Friday, the ASX200 gained over 1% with all but the industrial sector finishing in the green. Gains were led by the financial and health sectors up 2.03% and 1.25% respectively. What to watch today: The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.6% at market open this morning.On the commodity front this morning, Oil is down 1.17% to US$78.01 a barrel as the market remains cautious on Chinese demand, despite the OPEC+ group extending supply cuts. Gold is up 0.9% to US$2178 and ounce and iron ore is trading 0.85% higher at US$118.50 a barrel.Trading Ideas: Bell Potter has maintained a buy rating on Develop Global (ASX:DVP), despite decreasing its price target to $4.10. The buy rating is maintained by Bell Potter as the forthcoming restart of Woodlawn operations coincides with growing revenue generation from the company's underground mining services business, underpinning a ramp up in earnings in FY24-FY26.And Trading Central has identified a bullish signal in Infomedia (ASX:IFM), indicating that the stock price may rise from the close of $1.65 to the range of $1.90-$1.96, on a pattern formed over 11 days, according to the standard principles of technical analysis.

Wall St closed higher overnight as the S&P 500 and the Nasdaq hit new records. The Dow Jones rose 0.35%, the S&P 500 jumped just over 1% and the tech-heavy Nasdaq rallied over 1.5%. Over in Europe, markets closed higher overnight as the European Central Bank's held its interest rates steady at a record 4% and revised inflation in 2024 to 2.3% from 2.7%. Germany's DAX finished 0.71% higher, the French CAC gained 0.77% and over in the UK the FTSE100 ended the trading session 0.17% in the green.Locally yesterday, the ASX200 closed 0.39% higher as the vast majority of sectors finished in the green. Gains were led by the industrial and information technology sectors which rallied by 1.33% and 1.03% respectively. This was slightly offset by the energy sector which lost 1.15% by the closing bell.What to watch today: The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.63% at market open this morning.On the commodities front this morning, Oil is down 0.2% to US$78.97 a barrel as the latest EIA report showed a smaller-than-expected increase in US crude inventories. Gold is up 0.47% to US$2158 an ounce as investors await key US jobs data on Friday. And iron ore is trading 1.29% higher at US$117.50 a tonne.Trading ideas:Bell Potter has maintained a speculative buy rating on WA1 Resources (ASX:WA1) with a valuation of $17.65. WA1 is advancing the West Arunta Niobium project which includes the Luni prospect in North-Western Australia. Luni has the potential to be a globally significant Tier-1 asset characterised by its high-grade and scale.And Trading Central has identified a bullish signal on Abacus Group (ASX:ABG), indicating that the stock price may rise from the close of $1.16 to the range of $1.25-$1.27 on a pattern formed over 37 days, according to the standard principles of technical analysis.

Wall St fell overnight as Apple shares declined, pulling technology stocks down. The Dow Jones and the S&P 500 lost just over 1% each with the tech-heavy Nasdaq ending the session 1.65% in the red. Apple lost 3% following the release of a report from Counterpoint Research that showed iPhone sales in China plunged in the first six weeks of 2024. Other tech stocks such as Netflix and Microsoft also fell by more than 2% each with Tesla following suit, losing 3%.Over in Europe, markets closed lower as they struggle to find positive momentum with investors awaiting the ECB meeting later in the week. The STOXX600 ended the day down 0.27% with the majority of sectors closing lower with mining stocks falling 0.9% whilst the utilities sector added 1.8%. Germany's DAX closed 0.1% lower, the French CAC fell 0.3% and over in the UK the FTSE100 closed 0.08% in the green.Locally yesterday, the ASX200 fell 0.15% with the consumer discretionary and consumer staples sector leading losses down 1.21% and 1.05% respectively. This was offset by the health sector which gained 1% by the closing bell.What to watch today: The Australian share market is set to open lower, with the SPI futures suggesting a fall 0.26% at market open this morning.In terms of economic news, Australian GDP growth data will be released this morning with a forecast of 0.2% growth quarter on quarter, the same as its previous result.On the commodities front this morning, Oil is trading 0.65% lower at US$78.23 a barrel as uncertainties surrounding interest rates changes in major economies, add to market uncertainty. Gold is trading 0.7% higher at US$2129 an ounce and iron ore is trading 1.28% lower at US$116 a tonne. Trading Ideas: Bell Potter maintains a buy rating on GrainCorp (ASX:GNC) and has an unchanged 12-month price target of $9.30. The buy rating is maintained by Bell Potter as they continue to view the GrainCorp share price as not reflecting the underlying improvement in through the cycle earnings and GrainCorp has a stronger balance sheet position of $350m in net corporate cash.And Trading Central has identified a bearish signal in Australian United Investment (ASX:AUI), indicating that the stock may fall from the close of $9.91 to the range of $9.48-$9.56 on a pattern formed over 8 days according to the standard principles of technical analysis.

Wall St closed lower overnight, despite a rally in AI stocks as part of the artificial intelligence boom. The S&P500 lost 0.12%, the Dow Jones fell 0.25% and the tech-heavy Nasdaq ended the trading session 0.41% lower. These losses were pulled back by AI company Nvidia, which soared 18% as the S&P Dow Jones indices revealed it would join the S&P 500 later this month.Over in Europe, markets closed slightly lower as investors await the European Central Bank meeting. The STOXX600 closed 0.07% lower with most stocks closing in the red including mining stocks which fell 1.24% with tech stocks gaining 0.8%. Germany's DAX closed 0.11% lower, the French CAC gained 0.28% and over in the UK the FTSE100 closed just over half a percent down.Locally yesterday, markets closed 0.13% lower as the majority of sectors finished in the red. Losses were led by the health and utilities sector which lost 0.78% and 0.77% respectively. This was slightly offset by the real estate sector which gained 1.34%.What to watch today: The Australian share market is set to open slightly higher, with the SPI futures suggesting a rise of 0.05% at the open this morning.On the commodity front this morning, Oil is trading down 1.54% at US$78.13 a barrel after OPEC and its allies agreed to extend voluntary production cuts until the end of June. Gold is trading 1.62% higher to US$2117 an ounce and iron ore is trading flat at US$117.50 cents a tonne.Trading Ideas: Bell Potter maintains a buy rating on DroneShield (ASX:DRO) with a 12-month price target of $0.90. The buy rating is maintained by Bell Potter as DroneShield is now a profitable growth company after its first profitable year with an NPAT of $9.3m. The company is also exposed to relevant investment trends, including rising defence expenditure globally, the increasing risk of drones and the role of AI/ML technology.And Trading Central has identified a bullish signal in Piedmont Lithium (ASX:PLL), indicating that the stock price may rise from the close of $0.24 to the range of $0.28-$0.30, on a pattern formed over 21 days, according to the standard principles of technical analysis.

Wall St has closed lower for the third straight day as investors await Important inflation data coming out later in the week. The Dow Jones lost 0.06%, the S&P500 dropped 0.17% and the tech-heavy Nasdaq ended the trading session 0.55% lower.Over in Europe, markets closed lower as cautious investment sentiment continued on from earlier in the week. The STOXX600 closed 0.3% lower with the majority of sectors ending the trading session in the red. Losses were led by technology stocks which lost 1.4%, whilst auto stocks rose by almost 1%. Germany's DAX gained 0.25%, the French CAC gained 0.08% and over in the UK the FTSE100 closed 0.76% lower.Locally yesterday, the ASX200 closed 0.03% lower with the consumer staples sector leading losses, down 0.81%. This was offset by the information technology sector which rallied 2.88% by the closing bell. Also yesterday, CPI data for January was released with it staying steady at 3.4%, the same as the previous month, 0.2% lower than the consensus and forecast of 3.6%.What to watch today: The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.25% at the open this morning.On the commodity front this morning,Oil is trading over half a percent lower at US$78.44 cents a barrel, with the latest EIA report showing a higher-then-expected 4.199 million barrel rise in US crude oil inventories last week. Gold is trading 0.20% higher at US$2033 an ounce and iron ore is trading flat at US$119.50 cents a tonne. Trading Ideas: Bell Potter maintains a buy rating of Cyclopharm (ASX:CYC) and has kept its 12-month price target steady at $3.80. The buy rating is maintained following strong earnings results in which commercial revenue increased by 14%. As well, short term catalysts include the announcement of first patient images from the US and subsequent contract signings of which are at various stages of approval.And Trading Central has identified a bullish signal on Abacus Group (ASX:ABG), indicating that the stock price may rise from the close of $1.14 to the range of $1.16-$1.18, on a pattern formed over 19 days, according to the standard principles of technical analysis.

Wall St closed lower overnight following the release of hotter-than-expected inflation data for January. The Dow Jones fell 1.35%, the S&P 500 lost 1.37% and the tech-heavy Nasdaq ended the day 1.8% in the red.The consumer price index rose 0.3% in January from December and increased 3.1% on an annual basis, which was above the 0.2% month-on-month and 2.9% annual rate that economists were expecting.Over in Europe, markets closed lower in the region following the release of some key corporate earnings results and hotter-than-expected inflation reading out of the US. The STOXX600 fell 1% on Tuesday, Germany's DAX lost 0.92%, the French CAC closed 0.84% lower and, in the UK, the FTSE100 shed 0.81%.The local market closed Tuesday's session 0.15% lower, extending on Monday's losses as the healthcare sector again weighed on the key index, while utilities, financials and discretionary stocks closed the day in the green. The market losses were slightly offset by investor sentiment rising after Westpac consumer confidence data for February came in at a rise of 6.2%, up from a 1.3% decline in January and well above what economists were expecting of a further 0.8% decline. NAB business confidence data also came in at a rise of 1 point which was in line with economists' expectations.What to watch today:The Australian share market is set to open lower, with the SPI futures suggesting a fall of 1.64% at the open this morning.On the commodities front this morning,Oil is trading over 1% higher at US$77.74 cents a barrel as tensions in the middle east help support oil prices. Gold is trading down 1.3% to US$1993.60 cents an ounce following stronger-than-expected inflation data coming out of the US. And iron ore is trading flat at US$128 a tonne. Trading Ideas:Bell Potter has initiated coverage on MMA Offshore (ASX:MRM) and has recommended a buy with a 12-month price target of $2.55. MMA Offshore is an Australian-marine services business, which delivers vessel, subsea and project logistics expertise to a range of global customers. The buy rating is recommended as the offshore services market is in the midst of a boom cycle following a protracted downturn by the oil price crash in 2014 and the subsequent fall in demand.And Bell Potter maintains a buy rating on HealthCo. H&W REIT (ASX:HCW) despite lowering its 12-month price target to $1.70. The buy rating is maintained as HCW appears to be one of the better relative value propositions amongst the REITs sector with it being the only REIT to recognise value uplift at the half. 

Wall St has closed higher as Apple and Amazon are set to release their earnings reports after the bell. The Dow Jones closed 0.97% in the green, the S&P 500 rose 1.25% and the tech-heavy Nasdaq rallied 1.30%.In terms of US stocks, tech shares rallied with Apple and Amazon both jumping 1% and 2% respectively. Both are set to release their earnings after market close.US unemployment data is also set to be released later tonight with a forecast of 3.7%, the same as its previous result.Over in Europe, markets closed lower after the Bank of England held interest rates steady. The STOXX600 closed half a percent lower, led by mining stocks which fell 1.3%. Germany's DAX lost 0.26%, the French CAC fell 0.89% and over in the UK the FTSE100 ended the day 0.11% in the red.Locally yesterday, markets closed 1.20% lower with all major sectors finishing in the red. Losses were led by the financial and real estate sectors of 1.81% and 1.67% respectively.What to watch today: The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.36% at market open this morning.On the commodity front this morning,Oil is trading down 2.32% to US$74.10 cents a barrel, following the OPEC committee confirming that members are maintaining production cuts. Gold is trading up 0.90% to US$2055 an ounce, following the release of the latest economic data coming out of the US. And iron ore is trading 2.21% lower at US$133 a tonne. Trading Ideas:Bell Potter maintains a buy rating on Regal Partners (ASX:RPL), despite slightly decreasing its price target. The buy rating is maintained by Bell Potter, following net inflows in the last quarter of $108 million, largely from the launch of the Regal Resources High Conviction Fund and the Regal Partners Private Fund. With these figures and the company adding new strategies, RPL has become more diversified, hence reducing risk.And trading central has identified a bullish signal in Hansen Technologies (ASX:HSN), indicating that the stock price may rise from the close of $5.18 to the range of $5.47-$5.55 on a pattern formed over 38 days, according to the standard principles of technical analysis.

Wall St closed lower overnight, following the announcement from Federal reserve chairman Jerome Powell that the US central bank will not be likely to cut rates in March. The Dow Jones lost 0.82%, the S&P 500 fell 1.61% and the tech-heavy Nasdaq ended the day 2.23% in the red.In terms of US stocks, Alphabet fell more than 6% following disappointing ad revenue results overshadowed better than expected earnings and sales.Over in Europe, markets closed marginally higher as corporate earnings continues. The STOXX600 ended the day 0.1% higher with autos stocks up 1.1% whilst retail stocks fell 2.1%.  Germany's DAX closed 0.40% lower, the French CAC ended the trading day down 0.27% and over in the UK the FTSE100 fell just under half a percent.Locally yesterday, markets rallied following the release of important inflation data which saw the monthly CPI indicator slow to 3.4% in December, 0.2% lower than the forecast. Markets closed just over 1% higher yesterday with all major sectors finishing in the green. The biggest gains were made by the real estate and utilities sectors which gained 2% and 1.70% respectively.What to watch today: The Australian share market is set to open lower, with the SPI futures suggesting a fall of just over 1% at market open this morning.On the commodities front this morning,Oil is trading down 2.8% to US$75.67 a barrel after Chinese manufacturing activity contracted for the fourth consecutive month. Gold is down 0.11% to US$2033 an ounce, following the announcement that US interest rates will remain steady. And iron ore is trading 1.81% lower at US$136 a tonne.Trading Ideas:Bell Potter maintains a buy rating on Select Harvests (ASX:SHV) and has increased its 12-month price target on the almond producer to $4.70. The buy rating is maintained by Bell Potter, following firming in the USD almond pricing and solid crop production forecasts for the upcoming season set to uplift the EBITDA over FY24-FY25.And Trading Central has identified a bullish signal in Stockland Corp (ASX:SGP), indicating that the stock price may rise from the close of $4.56 to the range of $4.74-$4.78 over 25 days, according to the standard principles of technical analysis.

Wall St closed lower on Friday following a volatile week and ahead of the Federal Reserve's policy meeting on Thursday. While the tech- heavy Nasdaq lost 1.56%, the Dow Jones was also in the red by 0.83%. Meanwhile, the S&P 500 suffered its 2nd week in a row of losses rounding out Friday with a loss of 1.22%Within the S&P 500 the information technology sector performed the worst with Adobe shares falling more than 4%, despite recording better-than-expected quarterly results. Recently debuted company Arm Holdings also had its share price lowered by 4.2% following its successful public debut.European stocks ended the week higher on Friday following the market's reaction to the European Central Bank's suggestion that its latest rate hike may be its last. The STOXX600 ended Friday up 0.2% with household goods leading gains, up by 1.4%. The German DAX ended the week 0.56% higher and the FTSE100 and the French CAC followed suit closing 0.50% and 0.96% higher respectively. Locally on Friday, the ASX200 ended the week 1.29% higher, with the materials sector advancing the most, while the info tech sector also performed strongly, up almost 2%. What to watch today: The Australian share market is set to open lower, with the SPI futures suggesting a fall of 0.56% at the open this morning.In terms of economic data this week, the RBA Meeting Minutes will take place on Tuesday. This will give us insight into why the central bank decided to keep the cash rate on hold this month. On the commodity front today,Oil is trading 0.40% higher at 91 US dollars and 12 cents a barrel amid improving global demand outlook. Gold is up 0.72% to 1924 US dollars an ounce following China's better-than-expected industrial output results and a weaker US dollar. And iron ore is up 2.03% to 125 US dollars and 50 cents a tonne following an increase in expectations that Beijing will mandate steel output controls in the near future.Trading Ideas: Bell Potter has initiated coverage on Seven Group Holdings (ASX:SVW) who is a leading Australian diversified operating and investment Group with market leading businesses in Industrial Services. Bell Potter are positive on the near-term outlook for mining production and transitional energy markets and have placed a price target of $33 with the current share price at $29.05.And Trading Central has identified a bullish signal in Deterra Royalties (ASX:DRR), indicating that the stock price may rise from the close of $4.85 to the range of $5.30-$5.45 over 36 days, according to the standard principles of technical analysis.

Wall Street closed higher on Friday as investors welcomed comments made by Fed Chair Jerome Powell at the Jackson Hole symposium regarding stronger economic growth than expected.The Nasdaq advanced almost 1% on Friday while the S&P500 rose 0.7% and the Dow Jones also lifted 0.7%. Over in Europe, markets closed mixed on Friday ahead of the European Central Bank President's speech at the Jackson Hole Symposium in Wyoming over the weekend. On Friday, the STOXX600 fell 0.04%, Germany's DAX rose 0.07%, the French CAC added 0.21% and, in the UK, the FTSE100 rose 0.07%.Locally on Friday, the ASX200 fell 0.93%, weighed down by the tech sector falling 2.51%, while consumer staples and consumer discretionary stocks were the only to sectors to finish the final trading session of the week in the green. Lovisa rose 6.3% on Friday after the fashion jewellery retailer released strong FY23 results including revenue up 30% to $596.5m and net profit lifting 16.7% to $68.2m. While the results fell short of Bell Potter expectations, investors appeared impressed with the company's report. Wesfarmers also rallied 3.2% on Friday after also releasing strong FY23 results led by a surge in revenue for Kmart and NPAT up 4.8% in FY23 against a slowing consumer spend environment. Another inclusion for Wesfarmers was the announcement of a 6.1% rise in the full year dividend.What to watch today: Ahead of the local trading session here in Australia the SPI futures are expecting the ASX to open Monday's session up 0.28%.On the commodities front this morning, oil is trading 0.57% higher at US$80.29/barrel, gold is down 0.11% at US$1915/ounce and iron ore is up 1.3% at US$117.50/tonne.Stocks trading ex-dividend today include Coronado Global Resources (ASX:CRN), Challenger (ASX:CGF), Domino's Pizza (ASX:DMP), Santos (ASX:STO) and Aurizon (ASX:AZJ). If you've been thinking about these stocks, it might be worth considering buying in today, as stocks trading ex-dividend generally trade lower on the ex-dividend date.Australian preliminary retail sales data for July is out today with consensus expecting a rise of 0.3% for the month, up from a 0.8% fall in June which if the reading comes in-line with or above expectations, we could see a rally for consumer discretionary stocks today as this will indicate Aussie's are still spending despite the high cost-of-living environment.AU$1.00 is buying US$0.64, 93.84 Japanese Yen, 50.84 British Pence and NZ$1.08. Trading Ideas:Bell Potter has slightly decreased the price target on Cobram Estate Olives (ASX:CBO) from $1.75 to $1.70 and maintain a buy rating on the specialised olive oil producer and marketer following the release of the company's FY23 results which came in line with expectations including 31% growth in revenue, and a key highlight was US NPAT of $7.7m which compares to a $0.7m loss in FY22. The outlook provided includes the expectation for sales to remain positive in FY24 both in the US and Australia, sufficient olive oil inventory levels despite lower-than-expected FY23 crop, and US harvest is expected to be materially higher than FY23. The reason for the price target decrease is as Bell Potter does not see the current share price as reflecting the inbuilt value upside of the farming and processing assets, and the inbuilt growth that is likely to emerge in the brand as company owned and third-party oil production lifts.And Trading Central has identified a bearish signal on Ingenia Communities Group (ASX:INA) following the formation of a pattern over a period of 59-days which is roughly the same amount of time the share price may fall from the close of $3.97 to the range of $3.25 to $3.40 according to standard principles of technical analysis.

Wall St fell sharply on Thursday, despite a tech rally which was led by a stronger than expected results from chipmaker Nvidia. The S&P 500 finished the day 1.35% lower, which was followed by the Dow Jones and the tech heavy Nasdaq losing 1.08% and 1.87% respectively.Nvidia's share price reached an all time high after its revenue and earnings significantly exceeded analysts' expectations. The tech giant has also raised guidance with analysts' predicting third quarter revenue to climb to $16 billion US dollars.The S&P500's information technology sector performed poorly on Thursday, ending the day down 2.15%. Shares of major tech companies such as Amazon and Apple finished lower by 2.7% and 2.6%.Over in Europe, markets ended lower on Thursday as tech stocks fell by 2.3%. The STOXX600 ended the day 0.4% lower, with the financial services sector slightly offsetting losses, gaining 0.5%. Germany's DAX closed 0.68% lower while the French CAC also ended the day 0.44% lower. This was slightly offset by the UK's FTSE 100 which ended 0.18% in the green on Thursday.Locally yesterday, the ASX 200 closed 0.47% higher on the back of strong results from the info tech sector which finished the day 4.2% higher. This was further supported by the financial sector and energy sector closing the day 1.04% and 0.89% higher respectively. This was offset by the consumer staples sector which closed 1.09% lower on Thursday.What to watch: The Australian share market is set to open lower, with the SPI futures suggesting a fall of 1.28% at the open this morning.On the commodities front this morning,Oil is up by 0.1% to 78 US dollars and 96 cents a barrel after deteriorating economic situations in China.Gold is up 0.15% higher to 1915 US dollars an ounce as markets have scaled back bets on further tightening from the Federal Reserve. And iron ore is up 2.22% to 115 US dollars a tonne after renewed bets of stronger demand form steel producers.Trading Ideas: Bell Potter maintains a buy rating on Alkane Resources (ASX:ALK) and maintain a price target of $1.05 on the company after Alkane's underlying NPAT grew 19% to $42.1m on 5% growth in gold production. Bell Potter's analyst says that with upside of 57.9% from the closing share price, the buy rating is maintained in accordance to the rating structure.And Trading Central has identified a bullish signal in Tabcorp Holdings (ASX:TAH), following the formation of a pattern formed over 20 days, which is roughly the same amount of time the share price may rise form the close of $1.09 to the range of $1.13-$1.15, according to the standard principles of technical analysis.

Wall St has ended mixed on Monday as the Nasdaq ended its four-day losing streak. The S&P 500 rose 0.69% while the Nasdaq added 1.56%. On the other hand, the Dow Jones closed marginally lower by 0.11%.Earnings season continued on Monday with Palo Alto Networks releasing stronger-than-expected results, which saw its share price rise 14.5% on Monday. Tesla and Meta also climbed 7% and 2.4% respectively to rebound from recent losses.The 10-year Treasury note yield has reached a high of 4.34%, its highest level since November 2007. This is usually bad for tech and growth stocks as it lowers their promised future earnings.Over in Europe, markets closed marginally higher after hitting a six-week low at the end of last week. The STOXX 600 ended the day 0.1% higher, with auto stocks leading gains, up by 1.1%. Germany's DAX finished the day up 0.19%, the French CAC rose 0.47% and, in the UK, the FTSE 100 ended the day marginally lower by 0.06%.Locally yesterday, the ASX200 closed 0.46% lower as the consumer staples sector closed 1.34% lower followed by the info tech sector closing 1.32% lower. The heavy losses were partially offset by the consumer discretionary sector ending the day 0.83% higher.What to watch today: The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.24% at the open this morning.On the commodities front this morning, Oil is down 0.52% to US$80.82 a barrel as concern over China's economy sparks a concern on market sentiment. Gold is up 0.35% to US$1894 an ounce as China premiums on gold hit its highest level since December 2016. And iron ore is up 0.93% to $US108.50 a tonne as steel hubs are yet to follow through on production cuts.Trading Ideas:Bell Potter maintains a buy rating on Elders (ASX:ELD) but have raised the 12-month price target on the agriculture company by 15 cents to $7.40. Turnoff volumes have continued to recover from the lows experienced in the 2nd half of FY23 and cattle turnoff volumes are up 19% year-on-year.And Trading Central has identified a bullish signal in IGO Ltd (ASX:IGO), following the formation of a pattern over a period of 26-days which is roughly the same amount of time the share price may rise from the close of $12.48 to the range of $15.90-$16.70, according to the standard principles of technical analysis.

SBS Finance Editor Ricardo Gonçalves speaks with Damien Boey from Barrenjoey to find out what's really concerning the market and if it is warranted, while Mathan Somasundaram from Deep Data Analytics weighs in.

SBS Finance Editor Ricardo Gonçalves speaks with Damien Boey from Barrenjoey to find out what's really concerning the market and if it is warranted, while Mathan Somasundaram from Deep Data Analytics weighs in.

Listen back to the full report here.See omnystudio.com/listener for privacy information.

Listen back to the full report on 3AW Drive.  See omnystudio.com/listener for privacy information.

Senior economist at AMP Capital, Diana Mousina, says she expects more losses in the coming weeks. See omnystudio.com/listener for privacy information.

The Australian share market has shed billions of dollars, in what has been the worst opening hour of trade in three months.See omnystudio.com/listener for privacy information.

Your daily snapshot of the biggest stories including the worst day of trading on the ASX in 19 months, state and Territory leaders meet and concerns over Russian cyber attacks. ************************** Welcome to the 9News Lunch podcast. The biggest news stories of the day in less than 10 minutes, with reports from the 9News team across Australia and overseas. Subscribe now to make it part of your daily news diet.See omnystudio.com/listener for privacy information.

Your daily snapshot of the biggest stories including Australia qualify for a fifth straight FIFA World Cup, the Australian share market takes a nose dive, and why the new Disney movie has been banned in the Middle East. ************************** Welcome to the 9News Lunch podcast. The biggest news stories of the day in less than 10 minutes, with reports from the 9News team across Australia and overseas. Subscribe now to make it part of your daily news diet.See omnystudio.com/listener for privacy information.

In this week's Australian Share Market podcast, Dale discusses which sectors will deliver strong growth in the future.

In this week's Australian Share Market podcast, Dale discusses which sectors will deliver strong growth in the future.

In this week's Australian Share Market podcast, Dale discusses an ASX stock that rose 250% over 7 days and why these pump and dump schemes can be dangerous.

In this week's Australian Share Market podcast, Dale discusses an ASX stock that rose 250% over 7 days and why these pump and dump schemes can be dangerous.

In this week's Australian Share Market podcast, Dale discusses whether A2 Milk (ASX:A2M) will fall further as it faces a class action law suit.

In this week's Australian Share Market podcast, Dale discusses whether A2 Milk (ASX:A2M) will fall further as it faces a class action law suit.

In this week's Australian Share Market podcast, Dale discusses how iron ore prices have fallen over 50% and whether BHP, RIO and FMG will rise or fall further.

In this week's Australian Share Market podcast, Dale discusses how iron ore prices have fallen over 50% and whether BHP, RIO and FMG will rise or fall further.

In this week's Australian Share Market podcast, Dale discusses the fears for China's economy and whether it will impact the Australian share market.

In this week's Australian Share Market podcast, Dale discusses the fears for China's economy and whether it will impact the Australian share market.

In this week's Australian Share Market podcast, Dale discusses whether Australia's big 4 banks NAB, CBA, ANZ and Westpac are set to rise.

In this week's Australian Share Market podcast, Dale discusses whether Australia's big 4 banks NAB, CBA, ANZ and Westpac are set to rise.

In this week's Australian Share Market podcast, Dale discusses whether the materials and financials sectors are set to crash.

In this week's Australian Share Market podcast, Dale discusses whether the materials and financials sectors are set to crash.

In this week's Australian Share Market podcast, Dale discusses whether pumping and dumping is a good trading strategy.

In this week's Australian Share Market podcast, Dale discusses whether pumping and dumping is a good trading strategy.

In this week's Australian Share Market podcast, Dale discusses how the volatility in the Australian share market spells opportunity.

In this week's Australian Share Market podcast, Dale discusses how the volatility in the Australian share market spells opportunity.

In this week's Australian Share Market podcast, Dale discusses how Woodside is to acquire shares in BHP.

In this week's Australian Share Market podcast, Dale discusses how Woodside is to acquire shares in BHP.

In this week's Australian Share Market podcast, Dale discusses how the ASX is likely to trade to 8,600 points.