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The three major averages on Wall St rose to record territory on Tuesday as investors looked past current concerns over the US economic stability and bought into market opportunities. The Dow Jones rose added 0.43%, the S&P500 climbed 0.27% and the tech-heavy Nasdaq ended the day up 0.37%. Revisions to payrolls data of late has been the key catalyst spooking investors with the latest revision by the labour department coming in at a reduction of 911,000 for the 12-months to March this year signalling weakness in the US labour stability. In Europe overnight, markets closed mostly higher with the STOXX600 rising 0.09%, while Germany's DAX fell 0.37%, the French CAC added 0.23% and, in the UK, the FTSE100 ended the day up 0.23%.Across the Asia region on Tuesday, markets closed mixed with Japan's Nikkei falling 0.42% while South Korea's Kospi index gained 1.26%, Hong Kong's Hang Seng rose 1.19% and China's CSI index fell 0.7%.The local market sell-off to start September has extended into the new trading week with the key index ending Tuesday's session down 0.52% as investor sentiment has been hit lately by further tariff, US economic and rate outlook uncertainty.Westpac consumer confidence data for September and NAB business confidence data for August were also both released yesterday with declines in both readings more than economists were expecting amid uncertainty on an economic level.Energy stocks continued their slide this week following OPEC+'s weekend decision to increase production of oil starting in October.Telix Pharmaceuticals (ASX:TLX) gained over 2% after reaching a deal with the US Food and Drug Administration to file a revised application for its brain cancer imaging agent, incorporating further clinical data. What to watch today:On the commodities front this morning oil is trading 0.71% higher at US$62.71/barrel, gold is up 0.12% at US$3640/ounce and iron ore is up 0.42% at US$104.93/tonne.The Aussie dollar has weakened against the greenback to buy 65.84 US cents, 97.06 Japanese Yen, 48.62 British Pence and 1 New Zealand dollar and 11 cents.Ahead of the midweek trading session the SPI futures are anticipating the ASX will open the day down 0.05%. Trading Ideas:Bell Potter has increased the 12-month price target on Lynas Rare Earths (ASX:LYC) from $7.65 to $9.35 and maintain a sell rating on the leading rare earths producer following the company highlighting its ‘Towards 2030 strategy'. The analyst sees LYC is priced for perfection, with little room for error, highlighting FY25 had higher depreciation which drove a miss on results, however, does recognise that the current themes pushing LYC higher are likely to persist as tailwinds over the short term.And Trading Central has identified a bearish signal on Breville Group (ASX:BRG) following the formation of a pattern over a period of 33-days which is roughly the same amount of time the share price may fall from the close of $30.89 to the range of $25 - $26.25 according to standard principles of technical analysis.
In the US, Wall Street advanced overnight, with all 3 of the key indexes in the green. The Dow Jones ended the day 0.25% higher, the S&P500 gained 0.21%, while the tech heavy nasdaq was the biggest winner, advancing 0.45% - mainly driven by a solid start to the week from giants Nvidia and Microsoft.Europe also saw gains overnight – the stoxx600 closed 0.52% higher, the FTSE gained 0.14%, the French CAC saw a 0.78% increase, while the German Dax took the biggest step, ending the day up 0.89%.Locally yesterday, the September sell-down continued as the ASX200 fell another 0.24% to open the new trading week. With 8 of the 11 key sectors in the red, information technology was one of the few areas gaining any traction, driven by a 6% rally for Life360 (ASX:360), and a 1.9% jump for Wisetech Global (ASX:WTC).What to watch today:Looking ahead to today, despite the rally overseas the ASX is set to fall further, with SPI futures indicating a 0.35% decline at the open.In commodities, Gold remains the biggest story as it hit a fresh all time high on Monday crossing the $3600 US dollars per ounce threshold for the first time. It is currently trading up 1.15%, at 3634 us dollars and 10 cents per ounce. Demand for gold continues to grow primarily from the economic data coming out of the US – as data showed that unemployment has reached its highest level since 2021, while fewer jobs than expected were added in August.Crude oil is also trading higher, up 0.9% to 62 us dollars and 43 cents per barrel, while iron ore is trading 0.42% higher at 104 us dollars and 93 cents per tonne.Trading Ideas:Bell Potter has placed a speculative buy rating on biotechnology company PYC Therapeutics (ASX:PYC), with a target price of $2.30 per share. At the current share price of $1.25 per share, this implies a 12 month return of nearly 85%.Bell Potter has maintained their hold rating on Solvar Limited (ASX:SVR), with the 12 month price target of $1.70 implying just a 3% growth on the current share price of $1.65 per share.
Wall Street closed lower on Friday as investor fears of a slowing economy rose after key U.S. non-farm payrolls data came in much weaker than expected. The Dow lost 0.5%, the Nasdaq declined 0.03% and the S&P 500 ended the day down 0.32%.For the month of August nonfarm payrolls increased by only 22,000 jobs, significantly lower than the 75,000 jobs economists were expecting to be added. U.S. unemployment rate also rose to 4.3% for the month, up from 4.2% signalling a weakening labour market.While a rate cut out of the Fed is almost certain now, investors are more concerned over the long-term impact of a slowing economy, and fears of a recession continue to rise.In Europe on Friday markets closed lower as investors in the region also assessed the weakening economic condition of the U.S. following a weaker than expected jobs reading out on Friday. The STOXX 600 fell 0.2%, Germany's DAX lost 0.73%, the French CAC declined 0.31%, and in the UK, the FTSE100 ended the day down 0.09%.Across the Asia region on Friday markets closed mostly higher after President Trump formalised lower tariffs on Japanese auto tariffs with a baseline tariff of 15% across all Japanese imports. Japan's Nikkei rose 1.03%, Hong Kong's Hang Seng gained 0.71% and South Korea's Kospi index added 0.13%.Locally on Friday the ASX200 posted a 0.51% rise on Friday as real estate and discretionary stocks rose 1.37% and 1.33% respectively.Gold stocks gained further ground on Friday amid the record price of the precious commodity as investors once again flocked to safe-haven assets in the wake of further global uncertainty.Qantas (ASX:QAN) shares rose 1.5% on Friday on news that chief executive Vanessa Hudson's bonus would be docked over the airline's recent cybersecurity breach, while Orica shares added over 1% after the company signalled positive momentum is driving higher underlying earnings across its business for H2 ending September 30. What to watch today:On the commodities front this morning oil is trading 2.38% lower at US$61.97/barrel, gold is up 1.3% at US$3592.50/ounce, and iron ore is down 0.04% at US$104.49/tonne.The Aussie dollar has strengthened against the greenback to buy 65.57 U.S. cents, 97.10 Japanese yen, 48.53 British pence, and 1 New Zealand dollar and 11 cents.Ahead of the first session of the new trading week the SPI futures are anticipating the market will open the day down 0.2%.Trading ideas:Bell Potter has increased the rating on Technology One (ASX:TNE) from a sell to a hold and have maintained the 12-month price target on the company at $35.75/share, amid changes in forecasting for the company with Bell Potter's analyst and the market anticipating a beat in November. At a stock specific level, we do not see much risk of any disappointment or negative catalyst and, as mentioned, we already expect the company to exceed its guidance when it reports in November.And Bell Potter has also reduced the rating on Curvebeam AI (ASX:CVB) from a spec buy to a hold and have a 15cps price target on the company following the release of the company's FY25 results including revenues and gross profit of $12.1m and $6.7m respectively. The reason for the downgrade to a hold comes from lack of guidance, Hi rise device sales continuing to be constrained by the Mako validation matter and the hybrid of capitalised earnings.
In the US, Wall Street closed mixed overnight. The Dow Jones ended the day marginally down with a 0.05% decline, while the S&P500 gained 0.51% and the tech heavy NASDAQ advanced 1.02%, driven by strong gains from Alphabet and Apple.Europe also saw a rebound overnight: the Stoxx600 closed up 0.66%, the FTSE gained 0.67%, the German DAX advanced 0.46% and the French CAC was the biggest winner, ending the day up 0.86%Locally yesterday the ASX200 saw its worst day since April's Liberation day, closing down a sharp 1.82%, with all 11 key sectors in the red. The sell off was primarily driven by rising bond yields in the global bond market – as investors are less willing to pay high prices for stocks with higher risk potential when bonds are paying higher interest rates.What to watch today: The SPI futures suggest the ASX200 will rally after a few consecutive days of losses and open up 0.41% - tracking overseas gains overnightIn commodities:Crude oil has dropped 2.77% to 63.77 US dollars per barrel, ahead of weekend meeting of OPEC producers that is expected to increase production targets in OctoberGold has continued its record run, rising another 0.7% to a fresh high of 3559.47 US dollars per ounce. This renewed gold rally comes as investors seek a safe haven amid continuing expectations of a fed rate cut this month, further concerns over US debt levels, and renewed uncertainty around the US tariff implications and outlook.Meanwhile, iron ore has risen 0.69% to 103.24 US dollars per tonne.Also today BHP (ASX:BHP) will go ex-dividend, so investors may notice a drop in the share price of around the dividend value for this reason.Trading ideas:Bell Potter has maintained its Buy rating on COG Ltd (ASX:COG) and raised the target price to $2.25 per share off the back of the company's announcement of the 100% acquisition of EasiFleet Pty Ltd, effective September 1.And Trading Central have identified a bearish signal on Pro Medicus (ASX:PME), indicating that the stock price may fall from the close of $290.81 to the range of $235-$245 per share over a period of 52 days according to the standard principles of technical analysis.
Wall St closed lower on Tuesday to kick off the September trading month in the red as investors took profits from the summer bull rally and hold concerns over tariff uncertainty after a federal appeals court on Friday ruled that most of Trump's global tariffs are illegal. The Nasdaq lost 0.82%, the S&P500 dropped 0.7% and the Dow Jones ended the day down 0.55%.In Europe overnight, markets tumbled amid a rise in bond yields and the prospect of further tariff uncertainty out of the US. The STOXX 600 fell 1.5%, Germany's DAX fell 2.2%, the French CAC lost 0.7% and, in the UK, the FTSE100 ended the day down 0.9%.Across the Asia region on Tuesday, market sentiment was hit by tariff uncertainty leading to a mixed session in the region. Japan's Nikkei rose 0.3%, India's Nifty 50 gained 0.3%, South Korea's Kospi Index rose 0.94%, and Hong Kong's Hang Seng ended the day down 0.5%.The local market started the new trading month lower with a 0.3% decline on Tuesday as investors digested the August reporting season showing a weaker outcome than expected for FY25 and repositioned portfolios for the tailwinds expected in FY26. Australia's August reporting season delivered weaker-than-expected results, with only 20-30 % of companies beating earnings expectations compared with more than 80% in the US. Median earnings downgrades of 3.6% outpaced upgrades of 2% locally.With some heavyweight market stocks trading ex-dividend yesterday and Wall St closed on Monday, investor moves were buoyed yesterday by strength among the banks and a rally among key commodity prices yesterday however this wasn't enough to boost the ASX to a green finish.Gold rose 1.4% to $3,496.24 per ounce, and silver surpassed $40 for the first time since 2011, driven by expectations the US Federal Reserve will cut interest rates in September, according to ANZ.Collin's Food (ASX:CKF) soared over 7% yesterday after posting a 6.7% rise in total sales for the first 18-weeks of FY26 and the KFC Australia operator also reaffirmed guidance for FY26 targeting underlying NPAT of low-mid teens.What to watch today:On the commodities front this morning, oil is trading 1.33% higher at US$65.49/barrel, gold is up 1.5% at US$3528/ounce and iron ore is up 0.71% at US$102.53/tonne.The Aussie dollar has weakened against the greenback to buy 65.13 US cents, 96.70 Japanese Yen, 46.82 British Pence, and 1 New Zealand dollar and 11 cents.Ahead of the midweek trading session the SPI futures are anticipating the ASX will open the day down a sharp 0.42% tracking global market uncertainty overnight.Trading ideas:Bell Potter has maintained a buy rating on Harvey Norman (ASX:HVN) and have increased the 12-month price target on the homewares retailer from $6.00 to $8.30 following the release of FY25 results beating expectations and a strong start to FY26 especially from within the Australian business.And Trading Central has identified a bearish signal on Supply Network (ASX:SNL) following the formation of a pattern over a period of 268-days which is roughly the same amount of time the share price may fall from the close of $36.02 to the range of $27.50 to $29.00 according to standard principles of technical analysis.
In the US, Wall Street was closed on Monday due to the Labour Day public holiday.In Europe, markets closed generally higher, spurred by a boost in the defence sector. The Stoxx 600 closed up 0.17%, the FTSE gained 0.1%, the French CAC advanced 0.05% and the German DAX was the biggest gainer at 0.57%.Locally yesterday, the ASX200 closed 0.51% lower with the majority of the key sectors in the red. Information Technology saw the biggest drop, closing down 2.65%, while on the other end consumer staples saw the biggest gain, closing up 0.35%. What to watch today:Ahead of today's trading session, the SPI futures are suggesting the ASX will open the day down 0.09%.In commodities, Crude oil is up 0.97% to 64.63 US dollars per barrel. Gold is up 0.78% to 3476.08 US dollars per ounce, around $23 shy of its all time high.While iron ore is trading lower, down 1.8% to 101.65 US dollars per tonne.Australia's current account and export figures for Q2 are out at 11:30am AESTWe'll see earnings reporting from Bellevue Gold (ASX:BGL), while Northern Star Resources (ASX:NST) and Santos (ASX:STO) are set to go ex-dividend, which can often cause a drop in the share price of the dividend amount. Trading Ideas:Bell Potter has maintained its buy rating on Iron Ore miner Fenix Resources (ASX:FEX) and increased the 12 month target price to $0.65, off the back of its new binding agreement with Sinosteel Midwest Corporation granting it the exclusive right to mine and export 290 megatonnes of iron ore over 30 years at SMC's Weld Range Iron Ore project.Trading Central have identified a bearish signal in Breville Group (ASX:BRG), indicating that the stock price may fall from the close of $32.88 to the range of $28.10 - 29.00 over a period of 28 days according to the standard principles of technical analysis.
Wall Street closed lower on Friday but higher for August marking the 4th month of gains for the NYSE. On Friday, the S&P500 fell 0.64%, the Nasdaq lost 1.15%, and the Dow Jones ended the day down 0.2% as investors took money out of the market amid risks of inflationary pressures remaining persistent into the new month following the U.S. core PCE increasing 2.9% for July which was in-line with expectations but still showed acceleration of an inflation driver.In Europe on Friday stocks moved lower as investors await key inflation data out in the region. The STOXX 600 fell 0.6%, Germany's DAX also dropped 0.6%, the French CAC declined 0.8% and, in the UK, the FTSE100 ended the day down 0.3%.Across the Asia region on Friday markets closed mixed as investors assessed key economic data out of Japan including Japan's CPI rising at a slower pace in August. Japan's Nikkei fell 0.26% on Friday while Hong Kong's Hang Seng rose 0.45%, China's CSI index added 0.74%, and South Korea's Kospi index declined 0.32%.Locally on Friday the ASX200 closed 0.08% lower as a sell-off in REIT and financial stocks offset a more than 3% rise in tech stocks. For the month of August though, the local market posted a 2.6% rise as investors responded to strong outlook for FY26.Homewares retailer Harvey Norman (ASX:HVN) jumped over 10% on Friday after reporting profits rose 39% in FY25 which well exceeded market expectations while Austal (ASX:ASB) also soared over 14% amid a record order pipeline and shipbuilding agreement with the federal government.What to watch today:On the commodities front this morning oil is trading 0.91% lower at US$64.01/barrel, gold is up 0.91% at US$3448.50/ounce and iron ore is up 0.1% at US$101.81/tonne.The Aussie dollar has strengthened against the greenback to buy 65.48 US cents, 96.30 Japanese yen, 48.46 British pence and 1 New Zealand dollar and 11 cents.Ahead of the first trading session of the new month the SPI futures are anticipating the ASX will open the day down 0.3%.Trading Ideas:Bell Potter has increased the 12-month price target on Lovisa from $31 to $42 (ASX:LOV) and maintain a hold rating on the fashion jewellery retailer following the release of the company's FY25 results. Despite missing on NPAT, the new financial year has started very strong for Lovisa with global comparable sales up 5.6%.And Trading Central has identified a bullish signal on Ooh Media (ASX:OML) following the formation of a pattern over a period of 6-days which is roughly the same amount of time the share price may rise from the close of $1.68 to the range of $1.84 to $1.88 according to standard principles of technical analysis.
Overnight, the S&P500 advanced at the same magnitude as it slipped the day before. Industrials led among large cap segments, gaining momentum while at the other end of the leaderboard, staples declined the most. All US equity benchmarks closed in the green, with the Dow Jones also gaining more than 140 points or 0.3% and the tech-heavy Nasdaq up 0.2%. US investors weighed the latest quarterly earnings results from Nvidia. In extended trading, Nvidia's share price fell almost 3%, despite its results beating expectations, which has seen the S&P futures move lower as the company makes up approximately 8% of the S&P500. And as we near the end of the month, the S&P 500 and the Nasdaq are each up more than 2%, while Dow is up more than 3% this month. European markets closed mixed overnight. The German DAX down 0.44% and the FTSE100 down 0.11%. While France's CAC was up 0.44% and the STOXX600 closed just 0.1% higher. Locally yesterday, the ASX200 advanced 0.28% with materials and healthcare stocks in the lead, while consumer staples and technology declined the most. What to watch today: Following the rally on Wall Street overnight, the SPI futures are suggesting that our local market will open only slightly higher this morning, with a 0.03% gain. And while we're nearing the end of reporting season, a long list of companies are due to release their earnings results today. The most watched will likely be Qantas today (ASX:QAN) with the major airline set the release its results this morning and gold a press conference at 9am. Wesfarmers (ASX:WES) will also be reporting today, the conglomerate that owns Bunnings, Officeworks, Kmart and others. And other share prices to watch will be Eagers Automotive (ASX:APE), Lynas Rare Earths (ASX:LYC), Mineral Resources (ASX:MIN), Nickel Industries (ASX:NIC), and Paladin Energy (ASX:PDN) just to name a few. And companies going ex-dividend today include Beach Energy (ASX:BPT), Deterra Royalties (ASX:DRR), REA Group (ASX:REA) and Woodside Energy (ASX:WDS). Remember this often sees share prices fall as investors take their profits. In commodities, Crude oil has gained 0.78% to US$63.74 per barrel recovering from a more than 2% drop, after US government data pointed to stronger-than-expected inventory declines. Crude stockpiles fell by 2.39 million barrels to 418.3 million, more than markets had anticipated. So watch energy producers today. The price of gold is higher just 0.08% to US$3,396.35 an ounce, hovering at a two-week high amid concerns over the Fed's independence as President Trump signalled a legal fight after seeking to remove Governor Lisa Cook over alleged misconduct.And iron ore is in the green higher at US$101.59, so watch iron ore miners today. Trading ideas:Following the release of Woolworth's (ASX:WOW) results yesterday, Bell Potter maintain their Hold rating on the supermarket giant but have lowered their price target to $29.80, as the company reported NPAT outlook changes, down 2% in FY26 and down 8% in FY27. At the current share price of $28.51, this implies 4.5% share price growth in a year. And Bell Potter maintains their buy rating on WiseTech Global (ASX:WTC), although FY25 revenue came in below Bell Potter's expectations and missed their guidance range. They have lowered their price target by 6% to $127.50. At WTC's current share price of $102.02, this implies 25% share price growth in a year.
Wall Street closed higher on Tuesday as investors assessed Trump's latest moves and await key earnings results out of Nvidia. The S&P500 rose 0.41%, the Dow Jones gained 0.3% and the Nasdaq ended the day up 0.44%.In Europe overnight, markets closed lower as global investors assessed Trump's latest moves in attempt to intervene with the running of the US Federal Reserve. The STOXX 600 lost 0.83%, Germany's DAX fell 0.4%, the French CAC declined over 2% and, in the UK, the FTSE 100 ended the day down 0.7%.Across the Asia region on Tuesday, markets mostly fell as investors in the region also weighed Trump's latest moves both on the Fed and tariff fronts. Trump reportedly warned of ‘200% tariffs or something' on China if it does not export rare-earth magnets to the U.S. China's CSI index fell 0.4%, Hong Kong's Hang Seng dropped 1.18%, Japan's Nikkei declined 0.97% and South Korea's Kospi index ended the day down 0.95%.The Australian share market dropped 0.41% on Tuesday, following global weakness after Donald Trump threatened higher tariffs over digital services taxes and called for the removal of Fed governor Lisa Cook.We are at the tail end of reporting season now with a few key themes emerging as we head into FY26 including cost management being the key to margin maintenance, the foundations are set for a stronger FY26 through headwinds easing and dividends signalling stability heading into the new financial year.Yesterday, Coles Group (ASX:COL) reported a solid FY25 that beat expectations with strong outlook for FY26 which sent the share price of Australia's major supermarket giant up over 8.5%.Web Travel (ASX:WEB) tumbled over 7.5% on Tuesday after providing a trading update that signalled softer-than-expected results in the first half despite strong FX tailwinds experienced in the half.And mining giant Fortescue (ASX:FMG) tumbled over 2% after FY25 results reflected the weaker iron ore market during the last financial year including NPAT falling over 40% and the company slashed its dividend to the lowest level in 7-years.What to watch today: Gold is up 0.54% at US$3385/ounce and iron ore is down 0.07% at US$101.53/tonne.On the commodities front this morning, oil is trading 2.32% lower at US$63.30/barrel, gold is up 0.54% at US$3385/ounce and iron ore is down 0.07% at US$101.53/tonne.The Aussie dollar has strengthened against the greenback to buy 64.96 US cents, 95.72 Japanese Yen, 48.45 British Pence and 1 New Zealand dollar and 11 cents.Ahead of the midweek trading session here in Australia the SPI futures are anticipating the ASX will open the day up 0.53%.Trading ideas:Bell Potter has increased the 12-month price target on Propel Funeral Partners (ASX:PFP) from $5.50 to $5.90 and maintain a buy rating on the full-service funeral provider following the release of the company's FY25 results including revenue growth of 7.9% and average revenue per funeral rising 1.3%. The company has also had a very strong start to the new financial year which has driven the price target increase.And Trading Central has identified a bullish signal on Collins Food Group (ASX:CKF) following the formation of a pattern over a period of 46-days which is roughly the same amount of time the share price may rise from the close of $9.76 to the range of $12.10 to $12.60 according to standard principles of technical analysis.
Major averages closed in the red on Wall Street overnight to start their trading week. The Dow Jones declined 0.77%, the S&P500 fell 0.43% and the Nasdaq down 0.22%. US investors awaiting Nvidia's earnings and the Federal Reserve's preferred inflation gauge in the coming days.European markets were mostly lower. The German DAX down 0.37%, France's CAC declined further down 1.56%, after the country's Prime Minister Francois Bayrou announced he will be seeking a confidence vote in parliament next month over the government's budget plans. The FTSE100 however closed in the green up just 0.13%, while the STOXX600 was lower, down 0.44%.Locally yesterday, the ASX200 edged slightly higher at the close, ending the session with a 0.06% gain, as materials and energy stocks lead the market higher.What to watch today:Following US equities overnight, the Australian market is set to open lower, with the SPI futures suggesting at 0.21% drop at the open this morning.In economic news, the latest RBA meeting minutes will be released today, providing further insight into when the RBA slashed its cash rate by 25bps to 3.6% at its August meeting, matching market expectations and bringing borrowing costs to their lowest since April 2023.And as we near the end of reporting season, we still have a number of companies reporting their earnings results. Keep watch of the share price movements of Coles (ASX:COL), Fortescue (ASX:FMG), G8 Education (ASX:G8E) and Helloworld Travel (ASX:HLO), just to name a few.In commodities:Crude oil has advanced again, up 1.7% to US$64.74 per barrel the highest in nearly three weeks, extending a four-day rally as traders weighed geopolitical risks and monetary policy signals.Gold is 0.2% lower at US$3,365.02 an ounce following a more than 1% gain in the previous session, as the US dollar attempted to recover after a dovish shift by Fed Chair Jerome Powell.And iron ore is in the green at US$101.60 per tonne, rebounding from last week's losses.Trading Ideas:Bell Potter maintains a Buy rating on Accent Group (ASX:AX1) and have lowered their price target to $1.80. At the current share price of $1.49, this implies 20.8% share price growth in a year.And Trading Central have identified a bearish signal in Westpac (ASX:WBC) indicating that the stock price may fall from the close of $38.29.
Wall Street closed higher on Friday after Fed chair Jerome Powell signalled the U.S. central bank could be easing monetary policy as soon as next month, during his speech at the Jackson hole symposium for 2025. The Dow Jones rose to a record high at the closing bell on Friday with a gain of 1.9% while the Nasdaq and S&P500 gained 1.88% and 1.52% respectively on Friday. During Powell's speech he said “the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance” which investors welcomed on Friday. In Europe on Friday, markets closed higher as investors digested the U.S. EU trade deal and hold higher hopes of a rate cut out of the U.S. in September. The STOXX 600 rose 0.5%, Germany's DAX gained 0.3%, the French CAC climbed 0.4% and, in the UK, the FTSE100 ended the day at another record high, up 0.13%.Across the Asia region on Friday markets closed mostly higher led by China's CSI index rallying over 2%, while Hong Kong's Hang Seng gained 0.32%, Japan's Nikkei closed flat as inflation in the region cooled to 3.1% in July, and South Korea's KOSPI index ended the day up 0.86%.Locally to end last week the ASX200 posted a 0.57% loss as healthcare and staples stocks weighed on the key index.On the reporting season calendar on Friday, it was a mixed session as investors reacted sharply to key results. Zip Co (ASX:Z1P) soared almost 20% after posting FY25 results whereby cash EBITDA soared 147% to $170.3m, operating margin rose to 15.8%, TTV increased 30.3% to $13.1bn and total income climbed 23.5% on FY24 to $1.081bn. Net bad debts also fell from 1.7% of TTV in FY24 to 1.5% of TTV in FY25 and active customers rose 4.6% to 6.3 million. Zip also excited the market announcing it is considering dual listing on the Nasdaq to support the company's significant US growth.Accent Group (ASX:AX1) on the other hand dived over 15% on Friday after the footwear and clothing retail parent company reported sales growth of just 1.5% in FY25 to $1.5bn and net profit tumbled amid widespread promotional activity required to reduce inventory levels.And Mexican fast food outlet Guzman y Gomez (ASX:GYG) tanked over 23% to a record low after FY25 results came in well below market expectations and investors grew increasingly concerned about the company's FY26 outlook. What to watch today:On the commodities front this morning oil is trading 0.4% higher at US$63.77/barrel, gold is up 0.95% at US$3371/ounce and iron ore is down 0.15% at US$101.42/tonne.The Aussie dollar has strengthened against the greenback to buy 64.95 U.S. cents, 95.38 Japanese yen, 48 British pence and 1 New Zealand dollar and 11 cents.Ahead of Monday's trading session here in Australia the SPI futures are anticipating the ASX will open the day up a sharp 0.94% Trading Ideas:Bell Potter has downgraded the rating on Monash IVF (ASX:MVF) from a buy to a hold and have reduced the 12-month price target on the company from $1.15 to 77cps following the release of the company's latest update including 2H25 revenue declining over 6% HoH and ARS down over 12%. Market stimulated cycles fell 0.7bp to 21% due to a reduction of cycles by over 5% which is significantly more than the only slight decline in industry growth.And Trading Central has identified a bearish signal on PWR Holdings (ASX:PWH) following the formation of a pattern over a period of 44-days which is roughly the same amount of time the share price may fall from the close of $$7.75 to the range of $5.80 to $6.30 according to standard principles of technical analysis.
US equity markets pulled back following the latest Federal Reserve FOMC minutes release. The minutes were as expected, with the Fed focused on inflation numbers rather than jobs data which is what the market and investors have been watching closely lately. While the Dow closed 0.4% higher, the S&P500 closed a 4-day loosing streak, down 0.24%. And a tech sell off saw the Nasdaq was down 0.67% in the red. We also saw a meaningful drop in bond yields overnight. European markets were mixed overnight, the STOXX600 gained 0.23%, German DAX down 0.6%, France's CAC down just 0.08% while the FTSE100 advanced 1.08%.European defence stocks extended losses as the market regained optimism for an Ukraine ceasefire.Locally yesterday, the ASX200 gained 0.25% with consumer discretionary, real estate and financials in the lead. What to watch today:The Australian market is set for a positive start to the day. The SPI futures are suggesting a 0.26% rise at the open this morning.Supporting the market today will be a lift in energy prices as we saw in the US overnight. Looking at commodities: Crude oil advanced 1.84% to US$62.94 per barrel, after a weekly report from the Energy Information Administration showed a 6 million-barrel decline in US crude inventories, providing modest support to prices. The price of gold gained 1% to trade at US$3,350.27 an ounce,after the FOMC minutes supported expectations of a September rate cut in the US and a softer US dollar, which boosted global demand.Iron ore is slightly higher at US$101.52 per tonne, following reports that China will curb steel production.Locally, investors will be watching earnings from Whitehaven Coal (ASX:WHC), Bega Cheese (SSX:BGA), Brambles (ASX:BXB), and Goodman Group (ASX:GMG).AU$1.00 is buying US$0.64.Trading ideas:Bell Potter maintains a Buy rating on Regal Partners (ASX:RPL) and maintain a 12-month price target of $3.55. At the current share price of $3.01, this implies 17.9% share price growth in a year.And Trading Central have identified a bearish signal in NextGen Energy (ASX:NXG) indicating that the stock price may fall from the close of $10.08 to the range of $8.50 to $8.80 over 51 days, according to the standard principles of technical analysis.
US equities closed flat as investors await the Federal Reserve's Jackson Hole summit, a three-day annual international conference attended by central bank leaders, as well as the release of retail earnings. The Dow Jones closed 0.08% lower, the S&P500 was flat, just 0.01% in the red and the Nasdaq closed 0.03% in the green. European markets were mixed amid discussions between Ukraine and the US. The STOXX60 gained 0.08%, the German DAX down 0.18%, France's CAC down 0.5% and the FTSE100 up 0.21%. Locally yesterday, the ASX200 advanced 0.23% with communication services and technology in the lead, while materials and energy declined the most. What to watch today:The SPI futures are suggesting at the Australian market will decline 0.26% at the open this morning, following a flat session on Wall Street overnight. BHP Group (ASX:BHP) released it's full year results this morning. The mining giant posted its smallest annual underlying profit in 5 years, as iron ore prices remained under pressure due to oversupply concerns and slowing China demand. They reported an underlying attributed profit of $10.16 billion for the year ending June 30, below expectations. Australian biopharmaceutical company CSL Limited (ASX:CSL) also released results this morning, reporting at 14% rise in annual earnings, driven by strong performance at its blood plasma business. The company also announced a $750 million buyback in fiscal year 2026. In economic data, Westpac's consumer confidence data and consumer inflation expectations will be released today. Looking at commodities, Crude oil has rebounded 0.9% to US$63.36 per barrel, following the inconclusive US-Russia summit in Alaska on Friday. Markets are watching the potential impact of the talks on global oil supply, including possible changes to sanctions or progress toward reconciliation.The price of gold has steadied, trading at US$3,331.93 an ounce. And iron ore is in the green at US$101.62. Trading Ideas:Bell Potter maintains a Speculative Buy rating on Comet Ridge (ASX:COI), an energy exploration and development company focused on coal and gas. Their valuation is $0.21 and at the current price of $0.14, this implies 56% share price growth in a year. And Trading Central have identified a bearish signal in Imdex (ASX:IMD) indicating that the stock price may fall from the close of $3.40 to the range of $2.75 to $2.85 over 20 days, according to the standard principles of technical analysis.
Wall Street closed Tuesday's session mixed as a tech decline weighed on key market indices. The S&P500 fell 0.6%, the Nasdaq lost 1.5% and the Dow Jones ended the day up just 0.02%. Investors have been pulling out of Nvidia in recent days with shares in the mega cap ending Tuesday's session down 3.5% as traders take a breath from the recent AI rally in favour of undervalued small to mid-cap stocks in the current market environment.In Europe overnight markets closed higher as investors welcomed peace talks progress initiated by President Trump with Ukraine leader Volodymyr Zelenskyy and Russian leader Vladimir Putin. The STOXX600 rose 0.7%, Germany's DAX added 0.45%, the French CAC gained 1.21% and, in the UK, the FTSE 100 ended the day up 0.34% to a fresh record high.Across the Asia region on Tuesday markets closed lower as investors await the outcome of Trump's talks with Russia and Ukraine. Japan' Nikkei fell 0.38% a day after closing at a record high, while Hong Kong's Hang Seng closed flat, China's CSI index lost 0.38% and South Korea's Kospi index ended the day down 0.81%.Locally yesterday the ASX200 fell 0.7% as market heavyweight CSL (ASX:CSL) tumbled almost 17% in its worst day ever after announcing weaker results than expected and reporting it will be cutting up to 3000 jobs.BHP (ASX:BHP) also had results out yesterday that were weak on China's subdued demand but shares still rose on optimistic outlook.Westpac consumer confidence data out yesterday shows Aussies are regaining confidence as we enter the rate cut part of the rate cycle. The reading for August showed a MoM increase to 5.7% in August from 0.6% in July, signalling the strongest level since 2022.What to watch today:On the commodities front this morning oil is trading 1.32% lower at US$62.58/barrel, gold is down 0.5% at US$3316/ounce and iron ore is down 0.05% at US$101.57/tonne.The Aussie dollar has weakened against the greenback to buy 64.59 US cents, 95.28 Japanese Yen, 46.45 British pence and 1 New Zealand dollar and 9 cents.Ahead of the midweek trading session here in Australia the SPI futures are anticipating the ASX will open the day up 0.2%.Trading Ideas:Bell Potter has downgraded the rating on CSL (ASX:CSL) from a buy to a hold and have significantly lowered the 12-month price target on the healthcare giant from $305 to $240 following the release of FY25 results, unveiling CSL's key division Behring disappointed with just 1% revenue growth, while Seqirus and Vifor exceeded expectations. Despite this, the market reacted sharply, and Bell Potter's analyst see a challenging near-term outlook due to earnings growth missing expectations, weak 2H25 Behring performance, delayed margin recovery (now expected by FY29), and uncertainty around FY27/28 forecasts for the demerged entity.And Trading Central has identified a bearish signal on EBR Systems (ASX:EBR) following the formation of a pattern over a period of 22-days which is roughly the same amount of time the share price may fall from the close of $1.28 to the range of $1.13 to $1.17 according to standard principles of technical analysis.
US equities closed the trading week on Friday mixed. The S&P500 posted its second weekly gain but closed 0.29% lower on Friday. The Dow gained just 0.08%, while the tech heavy Nasdaq declined 0.4% as investors took gains from what was a strong trading week.European markets were in the red ahead of a meeting between President Donald Trump and President Vladimir Putin over the war in Ukraine, which saw the STOXX600 close flat.Locally on Friday, the market rallied, closing with a gain of 0.73%. Energy and materials were in the lead along with 9 of the 11 industry sectors in the green. Technology and consumer staples were the worst performers, posting small declines at Friday's close.What to watch today:Following mixed trading on Wall Street, the Australian market is set to open lower this morning. The SPI futures are suggesting a 0.6% fall at the open.In commoditiesCrude oil has fallen almost 1.3% to US$63.14 per barrel, as traders awaited the outcome of talks between US President Donald Trump and Russian President Vladimir Putin, with hopes for a possible ceasefire in Ukraine affecting market sentiment.The gold price is flat at US$3,335.60 an ounce, as hotter-than-expected US data tempered hopes for a large Fed rate cut.And iron ore is down 0.24% at US$101.59 per barrel so keep watch of iron ore mining stocks today.And as we reach mid reporting season, a long list of companies a reporting their earnings result today. These include the A2 Milk Company (ASX:A2M), Ampol (ASX:ALD), BlueScope Steel (ASX:BSL), Lendlease Group (ASX:LLC), NAB (ASX:NAB), New Hope Corporation (ASX:NHC), oOh! Media (ASX:OML) and Seek (ASX:SEK).In economic data today, at 11:30am AEST consumer inflation expectations for August will be released.Trading Ideas:Bell Potter maintains a Speculative Buy recommendation on Liontown Resources (ASX:LTR) and have reduced their 12-month valuation from $1.05 to 1.15. They say LTR's 100% owned Kathleen Valley lithium project remains highly strategic in terms of scale, long project life and location in a tier-one mining jurisdiction. At LTR's current share price or $0.85, this implies 36% share price growth in a year.And Trading Central have identified a bullish signal in Adairs (ASX:ADH) indicating that the stock price may rise from the close of $2.24 to the range of $2.34 - $2.38 over 34 days, according to the standard principles of technical analysis.
Wall Street saw a positive trading session with all three major US benchmarks closing in the green. The Dow gained 400 points for a second session, up 1.04%. The S&P500 reached another record high and closed 0.32% higher, while the tech- heavy Nasdaq gained 0.14%.European markets also extended gains after Wall Street's record highs, expectations for lower U.S. Federal Reserve rates continue driving the major indexes to all-time highs. The STOXX600 advanced 0.54%.Locally yesterday the Australian market closed down 0.6%, dragged down by utilities and financials, while materials and healthcare were in the lead. Today's session however, is looking more positive.What to watch today:The SPI futures are suggesting our local market will rise 0.35% at the open this morning.Also on watch today are the companies reporting their earnings results. So far this morning at the time of recording, the highlights are:Westpac (ASX:WBC) posted $1.9 billion third quarter profit,Suncorp (ASX:SUN) jumped 52% to $1.8 billion,And Telstra (ASX:TLS) profit grew 31% to $2.34 billion, and the company declared a 19cps payout.And keep watch of the share price movements for other companies reporting, including the Australian Stock Exchange (ASX:ASX), Origin Energy (ASX:ORG) and Pro Medicus (ASX:PME). In commodities,crude oil has called 0.64% to US$62.74 per barrel, the lowest in over two months, after the International Energy Agency forecast a growing oil surplus this year and next.The price of gold is up 0.3% to US$3,357.68 an ounce as investors weighed the federal reserve rate outlook following the latest CPI data announcement. July's headline inflation came in at 2.7%, below the 2.8% forecast, while core inflation rose to 3.1% from 2.9%.Seaborne iron ore is down 0.37% to US$102.03, while futures hold near two week highs, on expectations of further steel production cuts in China.And in economic data today, the unemployment rate for July will be out at 11:30am AEST.Trading Ideas:Bell Potter maintains a Buy rating on Life360 (ASX:360) after the company reported 2Q2025 revenue of US$115.4 million, 6% ahead of Bell Potter's forecast of US$109.1 million and adjusted EBITDA of US$20.3 million, 59% above their forecast of US$12.8 million. Bell Potter have increased their 12 month price target by 27% to $47.50, and at the current share price of $40.77, this implies 16.5% share price growth in a year.And Trading Central have identified a bearish signal in Pro Medicus (ASX:PME) indicating that the stock price may fall from the range of $297.15, to the range of $271 - $276 over 28 days, according to the standard principles of technical analysis.
In the U.S. overnight the S&P and Nasdaq reset their respective record highs while the Dow Jones also closed higher as investors welcomed the latest CPI reading which came in tamer than expected. The S&P 500 rose 1.13%, the Nasdaq added 1.4% and the Dow Jones ended the day up 1.1%. The US CPI reading rose 2.7% on an annualised basis in July which fell short of economists' estimates of a 2.8% rise, while core CPI rose 3.1% which slightly beat expectations. The data indicates Trump's tariffs are having a lower impact than expected on inflation and supports the case for the Fed to consider a rate cut in the near future.In Europe overnight, markets closed mostly higher in the region after US inflation accelerated less than expected. The STOXX 600 rose 0.24% on Tuesday while the French CAC added 0.8% and the UK's FTSE100 climbed 0.22%, but Germany's DAX fell 0.13%.Across the Asia region on Tuesday, markets in the region closed mostly higher after a tariff truce was called between the US and China. Japan's Nikkei hit a record high, ending the day up 2.15%, while Hong Kong's Hang Seng added 0.25% and China's CSI index ended the day up 0.52%.The local market started the new trading week higher with a 0.41% rise on Tuesday, following the RBA's 0.25% or 25-bps rate cut yesterday and on the back of key catalysts in the earnings and materials spaces over the last few sessions.The RBA's rate cut was expected and the board said ‘with underlying inflation continuing to decline back towards the midpoint of the 2–3 per cent range and labour market conditions easing slightly, as expected, the Board judged that a further easing of monetary policy was appropriate' but there was no discussion of a larger rate cut as Australia's central bank takes a more conservative approach to the rate journey amid extensive macro factors influencing our inflation journey.On the reporting season calendar yesterday we saw shares in geolocation tracking services and hardware company Life360 (ASX:360) soar 9% after the company released Q2 and H1 results that topped expectations including a 36% jump in both revenue and annualised monthly revenue.While at the other end of the market Seven Group (ASX:SGH) tumbled 9% following the release of FY25 results including revenue up just 1% while low to mid-single-digit EBIT growth is expected as guided to by management which will fall below that of the 8% delivered in FY25.What to watch today:On the commodities front this morning oil is trading 1.19% lower at US$63.20/barrel, gold is up 0.2% at US$3348/ounce and iron ore is up 0.73% at US$101.96/tonne.The Aussie dollar has strengthened against the greenback to buy 65.31 US cents, 96.47 Japanese Yen, 48.20 British Pence and 1 New Zealand dollar and 10 cents.Ahead of the midweek trading session the SPI futures are anticipating the ASX will open the day up 0.16%.Trading Ideas:Bell Potter has decreased the 12-month price target on SGH (ASX:SGH) from $54 to $51 and maintain a hold rating on the diversified company following the release of the company's results as the analyst sees the company is facing short-term cyclical headwinds in construction markets, offsetting healthy operating conditions in mining markets.And Trading Central has identified a bearish signal on Auckland International Airport (ASX:AIA) following the formation of a pattern over a period of 7-days which is roughly the same amount of time the share price may fall from the close of $6.94 to the range of $6.59-$6.65 according to standard principles of technical analysis.
US equities closed in the red overnight ahead of the July inflation report. The Dow Jones closed 0.45% lower, the S&P500 declined 0.25% and the Nasdaq declined 0.3%.European markets were mostly lower. The German DAX dropped 0.34%, France's CAC down 0.57%, while the FT100 gained 0.37% and the STOXX600 saw little change, down just 0.06%.Locally yesterday, the ASX advanced 0.43% with materials and consumer staples in the lead, while consumer discretionary stocks and tech declined the most.What to watch today:The SPI futures are suggesting the Australian market will drop 0.15% at the open this morning, following Wall Street overnight.In economic data today, the RBA will announce its next interest rate decision. Its highly expected the Central Bank will announce a 25 basis point cut.Companies reporting their earnings results today include Life360 (ASX:360), Computershare (ASX:CPU), Coronado Global Resources (ASX:CRN) and SGH (ASX:SGH) just to name a few.In commodities,Crude oil is up 0.45% to US$64.16 per barrel after last week's heavy drop, following President Donald Trump's efforts to end the Ukraine war, easing fears of disrupted Russian supply.The safe haven gold dropped 1.54% currently trading at US$3,346.93 an ounce after Trump announced that the metal would not face tariffs, easing concerns of a share increase in gold import costs.And iron ore is in the green up 0.73% at US$101.96, so keep watch of iron ore miners today.Trading Ideas:Bell Potter maintain a Buy rating on JB Hi-Fi (ASX:JBH) and has reduced their price target to $119. At the current share price of $107.83 this implies 10.4% share price growth in a year.And Trading Central have identified a bearish signal in Domino's Pizza (ASX:DMP) indicating that the stock price may fall from the close of $18.68 to the range of $13.70 to $14.60 over 28 days, according to the standard principles of technical analysis.
Wall Street rallied on Friday following a strong week of earnings results indicating company and economic resilience in the wake of President Trump's tariffs. The Nasdaq closed at a record high, ending the day up 0.98% to 21,450 points, while the S&P 500 added 0.78% and the Dow Jones ended the day up 0.47%. For the week the major averages each posted notable gains with the S&P 500 rising 2.4%, the Dow Jones climbing 1.4% and the Nasdaq posted a strong 3.9%. Apple shares boosted markets on Friday with a 13% surge after announcing plans to spend US$600bn over 4-years to appease President Trump's push to manufacture in the U.S.In Europe on Friday markets closed higher on Friday on reports the U.S. and Russia plan to end Russia's war with Ukraine. The STOXX 600 rose 0.3%, Germany's DAX and the UK's FTSE100 each closed flat, and the French CAC ended the day up 0.4%.Across the Asia region on Friday, markets closed mostly lower with Hong Kong's Hang Seng falling 0.89%, while China's CSI index lost 0.24%, and South Korea's Kospi index fell 0.55%, while Japan's Nikkei ended the day up 1.85%.Locally on Friday the ASX 200 posted a 0.27% loss as a sharp selloff in financials and healthcare stocks weighed on the key index. For the week though the key index managed to post a 1.7% gain ahead of the expected rate cut announcement out of the RBA this week. Block (ASX:XYZ) soared 7.5% on Friday after posting increased spending activity on After-pay which lifted profit and growth over Q2, while Nick Scali (ASX:NCK) shares also soared 8.6% after its ANZ business saw a 7.3% rise in H2 sales despite a depleted consumer spend environment.What to watch today:On the commodities front this morning, oil is trading 0.83% lower at US$63.35/barrel, gold is up 0.06% at US$3397/ounce and iron ore is up 0.01% at US$101.22/tonne.The Aussie dollar has slightly strengthened against the greenback to buy 65.25 US cents, 96.33 Japanese yen, 48.52 British pence and 1 New Zealand dollar and 9 cents.Ahead of Monday's trading session the SPI futures are anticipating the market will open the day up 0.06%.Trading ideas:Bell Potter has downgraded the rating on Monadelphous Group (ASX:MND) from a hold to a sell following the release of the company's FY25 result preview including the anticipation of weaker 2H profitability, and current overvaluation of the stock trading on a 23.8x FY26 PE. MND trades at a 55% premium to Industrial Services peers and is forecast to deliver the lowest FY26 earnings growth in the peer group.And Trading Central has identified a bearish signal on Kelly Partners Group (ASX:KPG) following the formation of a pattern over a period of 20-days which is roughly the same amount of time the share price may fall from the close of $10.34 to the range of $9.65 to $9.85 according to standard principles of technical analysis.
In the US overnight, all three major benchmarks rallied after President Donald Trump announced a steep new tariff on imports of semiconductors and chips. That is, a 100% tariff on imported chips, with the exception for companies that are building in the US. The Dow Jones gained 0.18%, the S&P500 gained 0.73% and the Nasdaq rallied 1.21% at the close.In European, Swiss stocks declined after their President and economic minister met with US government officials, with the aim of lowering the 39% tariffs imposed by the US.While the STOXX600 closed 0.06% lower, the German DAX was just 0.33%, France's CAC up 0.24% and the FTSE100 up 0.24%.Locally yesterday, the Australian market gained 0.84%, with 10 of the 11 industry sectors in the green. The market was led by energy and materials stocks.For today's trading session, the SPI futures are suggesting a 0.31% drop at the open this morning, despite markets rallying overnight.What to watch today:Balance of trade data for June will be released at 12:30pm.And keep watch of the share price movements of companies reporting their earnings results today, including AMP Group (ASX:AMP), AVITA Medical (ASX:AVH), Bannerman Energy (ASX:BMN), Light and Wonder (ASX:LNW) and QBE Insurance Group (ASX:QBE).In commodities,Crude oil has dropped 1.32%, trading at US$64.30 per barrel, marking a fifth straight decline and hitting a fresh six-week low.Gold is slightly lower down 0.3% at US$3,371.13And iron ore is lower 0.43% at US$100.92 per tonne.Trading Ideas:Bell Potter maintains a Buy rating on Perpetual (ASX:PPT) and have increased their price target from $22.80 and $23.00. At the current share price of $21.16, this implies 8.7% share price growth in a year.And Trading Central have identified a bullish signal in Ramelius Resources (ASX:RMS), indicating that the stock price may rise form the close of $2.79 to the range of $3.45 to $3.65 over 46 days, according to the standard principles of technical analysis.
In the US today so far, Wall St closed lower as investors digested weak economic data against the latest tariff threats out of President Trump. ISM services index data flatlined for July adding to stagflation concerns in the US while stocks also came under pressure after Trump told CNBC that tariffs on chips and pharmaceuticals are coming soon. The S&P 500 ended the day down 0.5%, the Nasdaq dropped 0.65% and the Dow Jones ended the session down 0.14%.In Europe overnight, markets in the region closed mostly higher despite President Trump saying he will unveil new tariffs in the near future. The STOXX 600 rose 0.1%, Germany's DAX added 0.4%, the French CAC fell 0.1% and, in the UK, the FTSE 100 ended the day up 0.1%.Across the Asia region on Tuesday markets closed higher led by South Korea's Kospi index adding 1.6%, while Hong Kong's Hang Seng climbed 0.92%, China's CSI index added 0.4% and Japan's Nikkei ended the day up 0.64%.The local market started the new trading week in the green with a 1.23% surge on Tuesday as all sectors ended the day in positive territory following strength on Wall St on Monday night. Discretionary and financials were the best performing sectors with gains of 1.81% and 1.49% respectively, while staples managed the lowest gain with 0.34%.Australian consumer confidence rose to 90.6 points, the highest since May 2022, following easing inflation data and expectations of an interest rate cut by the Reserve Bank of Australia. The ANZ-Roy Morgan index saw significant improvements in both current and future financial conditions, with a 0.25% rate reduction anticipated this month.Telix Pharmaceuticals (ASX:TLX) plunged over 8% after it flagged higher operating expenses in the first half of the fiscal year to be around 36% of revenue for 1H25.Austal (ASX:ASB) added over 7.5% as it finalised its agreement with the federal government to become the country's leading defence shipbuilder. The company also impressed investors with a guidance update for FY25 with the new guidance expectation for EBIT of no less than $100m for the 12-months, higher than the previous guidance of no less than $80m.And Electro Optic Systems (ASX:EOS) rocketed 43% on Tuesday after announcing it has secured an order for a drone defence capability based on a new type of high-power laser, to the value of $125m (71.4million euros) from a European NATO Member State. The order is a world first export order for a 100-kilowatt class laser defence system.What to watch today:On the commodities front this morning, oil is trading 1.66% lower at US$65.20/barrel, gold is up 0.16% at US$3379/ounce and iron ore is up 1.21% at US$100.77/tonne.The Aussie dollar has strengthened against the greenback to buy 64.72 US cents, 95.56 Japanese Yen, 48.62 British Pence and 1 New Zealand dollar and 10 cents.Ahead of the midweek trading session the SPI futures are anticipating the ASX will open the new trading day up 0.13.Trading ideas:Bell Potter has significantly increased the 12-month price target on Electro Optic Systems (ASX:EOS) from $3.75 to $5.00 and maintain a buy rating on the defence manufacturer after the company secured its latest order valued at 71.4m euro. The new laser counter-drone capability was developed by EOS to address the urgent market need and emerging strategic requirement to defend against drone swarm attacks at an economical cost.And Trading Central has identified a bullish signal on AGL Energy (ASX:AGL) following the formation of a pattern over a period of 34-days which is roughly the same amount of time the share price may rise from the close of $10.00 to the range of $10.45 to $10.55 according to standard principles of technical analysis.
Wall Street closed lower across the major averages on Friday as investors assessed signals of a weakening economy against Trump's modified tariffs imposed from August 1. The Dow Jones lost 1.23% on Friday, the S&P 500 fell 1.6% and the tech-heavy Nasdaq ended the day down 2.24%.The all-important July jobs report came in weaker-than-expected with an expansion of just 73,000 in nonfarm payrolls for the month, well short of the 100,000 economists were expecting signalling economic weakness at a time Trump's latest tariffs were imposed.In Europe on Friday markets closed lower after Trump's latest slew of tariffs came into effect despite the UK and EU having already negotiated trade deals. The STOXX 600 fell 2.7% on Friday while Germany's DAX lost 2.66%, the French CAC ended the day down 2.91%, and, in the UK, the FTSE100 closed Friday's session down 0.7%.Across the Asia region on Friday markets also closed lower after Trump modified his tariffs on the region. Japan's Nikkei lost 0.66%, Hong Kong's Hang Seng fell 1.07%, China's CSI index declined 0.51% and South Korea's Kospi index ended the day down a sharp 3.88%.Locally on Friday the ASX200 posted a 0.9% loss to end a solid trading week as investor sentiment was dented by Trump's latest tariff moves on copper and key trade partners, and investors reassessed positions to start the new month ahead of key earnings results updates and as the market hovers around all-time highs.Star Entertainment Group (ASX:SGR) tanked over 13% on Friday after the embattled casino operator's sale of its Queen's Wharf precinct to its Hong-Kong based JV partner collapsed.Sleep apnoea treatment leader ResMed (ASX:RMD) rallied over 1% on Friday after posting another quarter of strong results including double digit revenue growth and higher-than-expected margin expansion in the latest quarter.What to watch today:The Aussie dollar has strengthened against the greenback to buy 64.72 US cents, 95.29 Japanese yen, 48.70 British pence and 1 New Zealand dollar and 9 cents.Ahead of Monday's trading session the SPI futures are anticipating the ASX will open the day down 0.4%.Trading ideas:Bell Potter has initiated coverage of Sigma Healthcare (ASX:SIG) with a sell rating and a 12-month price target of $2.00 as the analyst believes the company is a great business but is overpriced. 2H25 earnings are also expected to be weaker (relative to 1H25) as is the normal seasonal trend. We expect a convergence on consensus earnings for FY26 following FY25 reporting in August.And Trading Central has identified a bearish signal on Mader Group (ASX:MAD) following the formation of a pattern over a period of 29-days which is roughly the same amount of time the share price may fall from the close of $7.15 to the range of $5.70 to $6.00 according to standard principles of technical analysis.
Yesterday, the S&P 500 snapped its six-day winning streak to close lower. Real Estate was the best-performing segment, up 1.7%, supported by lower bond yields with the 10-year Treasury yield down 9 basis points as the Job Openings and Labor Turnover Survey indicated a slowing US labour market.Federal Reserve chair Jerome Powell signalled that the Fed won't be cutting rates yet, as the central bank assesses the impact of the higher tariffs on inflation.US equities closed mixed overnight. The S&P500 gave up earlier gains to close 0.12% in the red. The Dow Jones also closed in the red, losing 170 points or 0.38%, while the Nasdaq gained 0.15%. This morning, S&P500 futures rose after quarterly updates from Microsoft and Meta beat expectations.European markets were mostly in the green. Germany's DAX up 0.19%, France's CAC up 0.06%. The FTSE100 was flat, just 0.01% in the green, while the STOXX600 closed just 0.02% in the red. What to watch today:The Australian market is set to open lower, with the SPI futures suggesting a 0.24% drop at the open this morning.Rio Tinto (ASX:RIO) shares will be on watch this morning as the mining giant just released its half year results. With weakness in iron ore, RIO reported a slight increase in consolidated sales revenue to US$26.87 billion, however also reported a 16% drop in underlying earnings to US$4.8 billion. This led to the miner cutting its interim dividend by 16% to US$1.48 per share. Its NYSE listed shares tumbled 4.5% overnight, so keep watch of RIO today.Looking at commodities price movements overnight, Crude oil has advanced 1.5%, current trading at US$70.27 per barrel, holding at a five-week high, supported by supply concerns after President Donald Trump pressured Russia with a shortened timeline to end the conflict in Ukraine. The price of gold has fallen 1.4% to US$3,278.74 an ounce, hitting one-month low, after the Federal Reserve kept interest rates steady at 4.25% - 4.5%. Iron ore is steady at US$99.07 per tonne.Trading ideas:Bell Potter maintain a Buy rating on Pilbara Minerals (ASX:PLS) with a $2.00 price target. The current share price is $1.73, implying 16% share price growth in a year.And Trading Central have identified a bearish signal in Appen (ASX:APX) indicating that the stock price may fall from the close of $0.95 to the range of $0.82 - $0.86, over 23 days, according to the standard principles of technical analysis.
Wall St closed lower on Tuesday as Wall St awaits for the Federal Reserve interest date decision. The Dow Jones fell 0.46%, the S&P 500 dropped 0.3% and the tech heavy Nasdaq closed 0.38% lower.Over in Europe, the STOXX 600 closed 0.29% higher, Germany's DAX rose by just over 1%, the French CAC gained 0.72% and over in the UK, the FTSE 100 ended Tuesdays trading session 0.6% in the green.Locally yesterday, the ASX200 closed Tuesday's session out 0.08% higher with most major sectors closing positive. Gains were led by the energy and industrial sectors which jumped by 0.65% and 0.33% respectively. This was offset by the real estate sector which fell by 0.44% by market close.What to watch today:The Australian share market is set to open slightly lower with the SPI futures predicting a fall of 0.08% at market open this morning.On the commodities front this morning, Oil is trading 4.03% higher at 69 US dollars and 40 cents a barrel. Gold is trading 0.34% higher at 3326 US dollars an ounceAnd iron ore is trading 0.31% higher at 98 US dollars and 98 cents a tonne.Trading Idea:Bell Potter has increased the 12-month price target on Liontown Resources (ASX:LTR) from 90cps to $1.05 and maintain a speculative buy rating on the lithium producer following the release of the company's Q4 trading update including production and sales of lithium exceeding Bell Potter expectations and the company finished the quarter with cash of $156m.
Wall Street started the new trading week almost flat as traders looked past the EU-US trade deal that was announced and focused more on the upcoming Fed interest rate decision. The S&P500 rose just 0.02% to another fresh record high while the Dow Jones fell 0.14% and the Nasdaq ended the day up 0.33% also setting a fresh record. A trade deal has been reached between the US and EU which will see 15% tariffs on all exports from the EU bound for the US.In Europe overnight markets closed mostly lower as the trade deal between the US and EU failed to raise investor confidence levels. The STOXX 600 fell 0.23%, Germany's DAX fell 1.02%, the French CAC declined 0.43% and, over in the UK, the FTSE 100 ended the day down 0.43%. Locally on Monday the ASX 200 see-sawed throughout the first trading session of the new week before closing the day up 0.36% as investors took confidence from the S&P500 record run of late and ahead of key earnings results coming out over the coming weeks.Uranium producer Boss Energy (ASX:BOE) tanked over 40% after the company released a fourth quarter performance update for FY25. At first glance the results looked very strong with an 18% increase in drummed uranium from the prior quarter, FY25 production totalling 872,607 pounds and second half FY25 C1 cost from drummed uranium of $36/pound. Looking deeper into the company's announcements out yesterday though, investors likely fled the stock after the FY26 Honeymoon mine guidance was issued including increased cash costs, and potential challenges now identified that may arise.What to watch today:The Australian share market is set to open lower, with the SPI futures predicting a fall of 0.7% at market open this morningOn the commodities front this morning, oil is trading 2.68% higher at 66 US dollars and 91 cents a barrel, gold is down 0.6% at 3317 US dollars an ounce and iron ore is down 0.03% at 98 US dollars and 55 cents a tonne.Trading ideas:Bell Potter has slightly reduced the 12-month price target on Step One Clothing (ASX:STP) from $1.30 to $1.25 and maintains a buy rating on the online retailer of underwear and innerwear. The analyst has reduced the price target by 4% due to Bell Potter's earnings revision outlook factoring in a delayed recovery in the consumer spend environment.
Wall Street closed higher with the S&P500 posting its 5th straight record close as investors digested a strong start to earnings season in the US and trade developments in the form of a landmark trade agreement with Japan. The S&P500 rose 0.4% on Friday to post its 14th record close of the year, the Nasdaq added 0.24% and the Dow Jones ended the day up 0.47%. Both Alphabet and Verizon rallied last week on the back of better-than-expected earnings results with rallies of 4% and 5% respectively over the last trading week.In Europe on Friday markets closed mostly lower following Trump's remarks saying there is a '50-50' chance of a deal being done with the EU before his self-imposed August 1 deadline. The STOXX 600 fell 0.2%, Germany's DAX lost 0.3%, the French CAC added 0.2% and, in the UK, the FTSE100 ended the day down 0.2%.Across the APAC region on Friday markets closed mostly lower as investors assessed recent trade developments. Japan's Nikkei lost 0.88%, Hong Kong's Hang Seng fell 1.09%, India's Nifty 50 declined 0.9% and South Korea's Kospi Index bucked the trend to close 0.18% higher.Locally on Friday the ASX200 posted a 0.5% loss on Friday as a sharp sell-off in materials, financials and healthcare stocks offset strength among energy and tech stocks. For the week, Australia's key index lost 1.03%.The banks extended their sell-off on Friday as investors continued profit taking from the sector that ran the hottest over the last financial year. CBA (ASX:CBA) fell over 5% over the last trading week while NAB (ASX:NAB)declined over 4%, Westpac (ASX:WBC) fell over 3% and ANZ (ASX:ANZ) lost 1%.Regal Partners (ASX:RPL) shares jumped over 9% on Friday after the specialist alternative investment manager reported a 7% rise in funds under management for the June quarter with net inflows at around $600m for the quarter. What to watch today:On the commodities front this morning oil is trading 1.45% lower at US$65.07/barrel, gold is down 0.93% at US$3336.98/ounce and iron ore is down 0.03% at US$98.55/tonne.The Aussie dollar has weakened against the greenback to buy 65.75 US cents, 97.09 Japanese Yen, 48.79 British Pence and 1 New Zealand dollar and 9 cents.Ahead of Monday's trading session the SPI futures are anticipating the ASX will open the day down just 0.06%. Trading Ideas:Bell Potter has downgraded the rating on Whitehaven Coal (ASX:WHC) from a buy to a hold and have reduced the 12-month price target on the coal miner from $7.10 to $6.90 following the release of Q4 results out of the company. FY25 guidance was met, Group production and sales met the upper half of the guidance range and unaudited unit costs, and capex were below guidance. The company increased debt though following the first payment for the BMA acquisition and Narrabri undertook an 8-week longwall maintenance period during FY25 which is expected to be overcome in FY26. The move to a hold rating is due to recent share price appreciation.And Trading Central has identified a bearish signal on Gentrack (ASX:GTK) following the formation of a pattern over a period of 67-days which is roughly the same amount of time the share price may fall from the close of $9.72 to the range of $7.90 to $8.30 according to standard principles of technical analysis.
Wall Street closed mostly higher on Tuesday with the S&P500 resetting its record high as the major average rose 0.06%, while the Dow Jones climbed 0.4%, and the Nasdaq fell 0.39%. Investors continued shifting focus from trade war developments to robust earnings results.In Europe overnight markets closed lower for a third day as investors digested earnings results from some of the largest companies in the region. The STOXX 600 fell 0.5%, Germany's DAX lost 1.2%, the French CAC declined 0.7% and, in the UK, the FTSE100 ended the day flat.Across the Asia region on Tuesday, markets closed mixed again with Japan's Nikkei falling 0.11%, while China's CSI index added 0.82%, Hong Kong's Hang Seng gained 0.54% and South Korea's Kospi index ended the day down 1.27%. Shares in SoftBank group surged 6% after reports emerged that the Japanese investment firm is set to build a small data centre by the end of the year.Locally on Tuesday, the ASX 200 started the day with a strong rally before easing in afternoon trade to end the session up just 0.1% after the latest RBA meeting minutes were released outlining the cautious approach to rate cuts taken by the RBA as they want to see the quarterly inflation reading before making any moves, especially amid the volatility of tariffs.Ramelius Resources (ASX:RMS) soared almost 8% on Tuesday in its biggest one-day rise in 15-weeks on the rallying gold spot price and after the Supreme Court of WA approved the company's $2.4bn acquisition of Spartan Resources.Investors continued selling out of the big banks again yesterday amid stretched valuations. CBA (ASX:CBA) fell 3.1%, while NAB (ASX:NAB), Westpac (ASX:WBC) and ANZ (ASX:ANZ) lost 2.7%, 1.3% and 0.8% respectively. Most traded securities:The most traded investments by Bell Direct clients yesterday were led by BHP (ASX:BHP)Vanguard Australian Shares Index ETF (ASX:VAS)CSL (ASX:CSL)What to watch today:On the commodities front this morning, oil is trading 0.78% lower at US$65.44/barrel, gold is up 0.87% at US$3425/ounce, and iron ore is up 0.64% at US$97.84/tonne.The Aussie dollar has strengthened against the greenback to buy 65.57 U.S. cents, 96.13 Japanese yen, 48.29 British pence and 1 New Zealand dollar and 9 cents.Ahead of the midweek trading session here in Australia the SPI futures are anticipating the ASX will open the day up 0.45% tracking wall street's majority rally overnight.Trading ideas:Bell Potter has increased the 12-month price target on Frontier Digital Ventures (ASX:FDV) to $0.63 from $0.54 and maintain a speculative buy rating on the online marketplace focused investment company. The analyst sees there are multiple potential catalysts for a potential share price re-rating including improving macro backdrop for emerging market investment, positive growth forecasts for FDV, and potential portfolio monetisation/price discovery events to unlock shareholder value.And Trading Central has identified a bullish signal on Perseus Mining (ASX:PRU) following the formation of a pattern over the period of 6-days which is roughly the same amount of time the share price may rise from the close of $3.67 to the range of $3.89 to $3.95 according to standard principles of technical analysis.
To start, we wanted to let you know that for a limited time only, you can earn 4.75% p.a. on new ‘ready to invest' Bell Direct accounts. Visit the Bell Direct website to find out more. Well, as investors await the impending tariff deadline, the US has finalised an agreement with Japan, including reciprocal tariffs of 15% on the nations exports to the US. All three US benchmarks rallied, with the Dow Jones jumping 500 points or 1.14%, the S&P500 up 0.78% and the Nasdaq up 0.61%. US - EU trade deal investor optimism also saw US equities advance. The German DAX up 0.83%, France's CAC up 1.37%, the FTSE100 up 0.42% and the STOXX600 up 1.08%. Our local market also advanced yesterday with 10 of the 11 industry sectors closing in the green. Materials, energy and financials were in the lead, bringing the ASX200 0.69% higher at the close.What to watch today:Following global markets rallying overnight, the Aussie market is set to rise 0.26% at the open this morning, according to the SPI futures.In commodities,Crude oil is up 0.2% trading at US$65.43 per barrel, marking the fourth straight day of losses. The safe haven gold price saw a 1.3% decline overnight, now sitting at US$3,386.86 an ounce, pulling back slightly from a five-week high, pressured by a wave of trade deals that dampened the metal's safe-haven appeal.And iron ore is trading 0.3% higher at US$98.11 per barrel.In economic news, this morning we'll receive the S&P Global Manufacturing and Services flash PMI, a forward looking estimate of the final producers managers index out next week.Trading ideas:Bell Potter maintain a Buy rating on Paladin Energy (ASX:PDN) and have downgraded their 12- month price target from $9.20 to $8.70 as FY26 production guidance lower than what was modelled for by Bell Potter, based off a ramp to follow processing capacity in mid FY26 and as higher costs see an EBITA decline. At the current share price of $7.25, the target price implies 20% share price growth in a year.Trading Central have identified a bullish signal in NRW Holdings (ASX:NHW) indicating that the stock price may rise from the close of $3.22 to the range of $4.05 - $4.20 over 49 days, according to the standard principles of technical analysis.
Wall Street closed with records across 2 of the 3 major averages on Monday as optimism around earnings overshadowed investor fears of the latest tariff developments. The S&P500 rose 0.14% to close over 6300 for the first time, the Nasdaq added 0.38% to also post a record close and the Dow jones ended the day down just 0.04%. This second quarter earnings season has started very strong in the U.S. with Verizon shares popping 4% yesterday following a Q2 earnings beat while Alphabet added over 2% ahead of its earnings out after the closing bell on Wednesday.In Europe overnight, markets closed mixed to start the new trading week amid tariff uncertainty. The STOXX 600 fell 0.1%, Germany's DAX closed flat, the French CAC fell 0.3% and, in the UK, the FTSE100 ended the day up 0.2%. Ryan Air shares rose 6% on Monday after the airline posted a 128% rise in Q1 profit which topped market expectations.Across the Asia region on Monday, markets closed mixed as China held its key 1 and 5 year loan prime rates steady despite the struggling economic recovery in the region. China's CSI index rose 0.67%, Hong Kong's Hang Seng gained 0.57%, Japan's Nikkei fell 0.21% and South Korea's Kospi index ended the day up 0.71%. Locally to start the new trading week, investors were in profit taking mode after the key index reset its record high to end the last trading week, leading to a 1.02% decline at the closing bell on Monday. Stocks that have run hot over the last 12-months like the big banks and some gold stocks came under pressure yesterday. Energy and Materials stocks were the only sectors to finish the day in the green while financials stocks took the biggest hit to start the new week 2.26% lower.Block Inc (ASX:XYZ) soared over 11% yesterday on news the company is entering the S&P500 from this Wednesday after Chevron acquired Hess Corp which left room for Block to enter the major US index. AMP (ASX:AMP) also jumped 9.3% after the company released a strong Q2 update including superannuation positive net inflows for the first time since 2017.Most traded securities:The most traded investments by Bell Direct clients to start the new week were led by:DroneShield (ASX:DRO) BHP (ASX:BHP)Mesoblast (ASX:MSB)What to watch today:On the commodities front this morning oil is trading 0.56% lower at US$66.97/barrel, gold is up 1.4% at US$3397/ounce and iron ore is up 0.04% at US$97.22/tonne.The Aussie dollar has strengthened against the greenback overnight to buy 65.24 U.S. cents, 96.17 Japanese yen, 48.54 British pence and 1 New Zealand dollar and 9 cents.Ahead of Tuesday's trading session the SPI futures are anticipating the ASX will open the day up 0.13% tracking the record closes on Wall Street overnight. Trading ideas:Bell Potter has downgraded the rating on Perenti (ASX:PRN) from a buy to a hold and have maintained the 12-month price target on the materials company at $1.80 following the company's issue of an updated noting that FY25 free cash flow is likely to be $280m vs the previous guidance of greater than $150m. The downgrade to a hold is on the back of recent share price appreciation.And Trading Central has identified a bullish signal on Whitehaven Coal (ASX:WHC) following the formation of a pattern over a period of 156 days which is roughly the same amount of time the share price may rise from the close of $6.42 to the range of $8.20 to $8.60 according to standard principles of technical analysis.
Wall Street closed mixed on Friday following reports President Trump pushed for greater tariffs on the European region. The Dow jones fell 0.32% on Friday, the S&P500 lost just 0.01% and the tech-heavy Nasdaq ended the day up 0.05%. Reports suggest Trump is demanding a minimum tariff between 15-20% from the EU ahead of the August 1 tariff implementation date. Consumer sentiment in the U.S. also out on Friday though suggests confidence levels are up 1.8% in the latest reading, indicating tariff-induced inflation fears are easing. We have started receiving first half earnings results in the U.S. and Netflix shares fell 5% on Friday after the streaming giant reported its operating margin will be lower in the second half of this FY.Across the European region on Friday, markets closed mixed as investors digested the latest tariff threats on the region. Germany's DAX fell 0.33%, the French CAC rose 0.01% and, in the UK, the FTSE100 ended the day up 0.22%.The Asia region also ended Friday's session mixed with China's CSI index rising 0.6%, while Hong Kong's Hang Seng gained 1.33%, South Korea's Kospi index lost 0.13%, and Japan's Nikkei ended the day down 0.21%.The ASX200 posted a 2.1% gain for the week in its best week since May and ended the week with a fresh record high driven by market heavyweights like CSL (ASX:CSL) and BHP (ASX:BHP) jumping over 3% each. Mesoblast (ASX:MSB) rocketed over 34% on Friday after reporting strong early sales of Ryoncil in the first few months of its availability on market.Virgin Australia (ASX:VGN) also gained almost 2% after UBS initiated coverage of the airline with a buy rating.Most traded securities:The most traded investments by our clients on Friday were led by Wesfarmers (ASX:WES)BHP (ASX:BHP)ANZ (ASX:ANZ) What to watch today:On the commodities front this morning oil is trading 0.36% lower at US$67.30/barrel, gold is up 0.32% at US$3349/ounce and iron ore is up 0.04% at US$97.22/tonne.The Aussie dollar has strengthened against the greenback to buy 65.18 US cents, 96.43 Japanese yen, 48.52 British pence and 1 New Zealand dollar and 9 cents.Ahead of Monday's trading session here in Australia the SPI futures are anticipating the ASX will open the day down 0.56%.Trading ideas:Bell Potter has raised the 12-month price target on Mesoblast (ASX:MSB) from $3.40 to $3.50 and maintain a speculative buy rating on the pharmaceutical company following the release of the company's latest cashflow update including US$13.2m in gross sales from Ryoncil for the period of 28 March to 30 June 2025. The major catalysts include revenue expansion from Ryoncil and the unrecognised value of a likely Accelerated Approval for Revascor in late-stage heart failure in CY26.And Trading Central has identified a bullish signal on CSL (ASX:CSL) following the formation of a pattern over a period of 53-days which is roughly the same amount of time the share price may rise from the close of $257.38 to the range of $268 to $272 according to standard principles of technical analysis.
US equities were higher on Wall Street overnight of the back of news headlines that President Donald Trump has denies firing Jerome Powell as Federal Reserve chairman, which initially sent the S&P500 index lower. The three major benchmarks rallied at the close. The Dow Jones added 200 points or 0.53%, the S&P500 gained 0.32% while the tech heavy Nasdaq added 0.25%.European markets were all in the red. The German DAX down 0.2%, France's CAC down 0.57%, the FTSE100 down 0.13% and the STAXX600 down 0.57%.Locally yesterday on the ASX200, information technology and energy sectors were the only two to close in the green. Tech posted most of the market gains, closing 0.85% higher, while the ASX200 was down 0.79% at the close.What to watch today: Our local market is set to rebound today. The SPI futures are suggesting a 0.62% rise at the open this morning.In commodities,Crude oil is 0.2% in the green, trading at US$66.66 per barrel at the time of recoding, following three straight days of losses, amid the concerns over the impact of the US trade tariffs on global economic growth and fuel demand.The price of gold is up 0.75% to US$3,349.73 an ounce, following a two-day decline, as investors assessed a pick-up in US inflation and ongoing trade developments.And iron ore is up 0.58% to US$97.06 per tonne.Trading ideas:Bell Potter maintain a Speculative Buy rating on NexGen Energy (ASX:NXG), a Canadian focused Uranium explorer and developer. Bell Potter have reduced their valuation to $13.55 from $16.90. They expect NXG will trade in-line with the uranium spot price, given the leverage to volume linked (spot priced) contracts. The current share price is $10.24, therefore implying 32% share price growth in a year.And Trading Central have identified a bearish signal in Commonwealth Bank (ASX:CBA) indicating that the stock price may fall from the close of $177.57 to the range of $162 to $165 over 8 days, according to the standard principles of technical analysis.
Agradece a este podcast tantas horas de entretenimiento y disfruta de episodios exclusivos como éste. ¡Apóyale en iVoox! paypal.me/LibroTobias ko-fi.com/asier24969 Slavoj Žižek es uno de los pensadores más destacados y polémicos de la actualidad. Es mundialmente conocido por sus formas provocativas y por la variedad de temas que trata, muchos de ellos relacionados con la cultura popular. Canciones: • “Morning Bell” de Radiohead • “Optimistic” de Radiohead Narración, edición y montaje: Asier Menéndez Marín Diseño logo Podcast: albacanodesigns (Alba Cano) Escucha el episodio completo en la app de iVoox, o descubre todo el catálogo de iVoox Originals
Wall Street closed higher to start the new trading week in the green despite President Trump's latest tariff threats over the weekend. The S&P500 rose 0.14%, the Nasdaq added 0.27% and the Dow Jones ended the day up 0.2%. Investors will gauge the first hit of tariffs on the region's inflation this week when the latest U.S. inflation reading is out.In Europe overnight markets closed mostly lower despite the UK finishing at a record high. The STOXX 600 fell just 0.06%, Germany's DAX lost 0.39%, the French CAC fell 0.27%, and, in the UK, the FTSE100 ended the day up 0.64% to a fresh record high.Across the Asia region on Monday, markets closed mixed as bitcoin hit a fresh record high while cautious investors assessed the latest Trump tariff threats. Hong Kong's Hang Seng added 0.26%, China's CSI index ended flat, Japan's Nikkei lost 0.2% and South Korea's Kospi index ended the day up by 0.83%.The latest slew of China's economic data is out this week and yesterday we had the first glimpse with coal imports falling to the lowest level in more than 2-years in June amid weak demand and higher domestic production. China's steel exports on the other hand leapt to a record in Q2 reaching 30.7 million tonnes, up 11% from last year. The surge defied expectations, driven by strong demand and despite trade restrictions across Asia and Europe. The first-half total also rose by 9%. China's trade balance for June showed exports jumped 5.8% which topped expectations and showed a 1% increase MoM while imports rose 1.1%, below expectations but above the -3.4% reported a month prior, leading to the trade surplus rising to $114bn which also topped expectations.Another round of tariffs, another spike in investor uncertainty sparking a flee to safe-haven investments across the broad market yesterday. The ASX200 posted a 0.11% loss to start the new trading week lower after see-sawing all-day. Energy and materials stocks closed with gains over 0.5% while industrials and discretionary stocks were the hardest hit to start the new trading week.Gold miners were all the rage for investors to start the new week amid heightened volatility brought on by renewed tariff uncertainty. Northern Star Resources (ASX:NST) rose 1.72%, Evolution Mining (ASX:EVN) added 1.88% and Ramelius Resources (ASX:RMS) ended the day up 3.4%.Counter drone technology company DroneShield (ASX:DRO) soared another 15% yesterday after the company reported the expansion of its R&D capabilities including a $13m initial investment to lease and fit out a brand new 3000 sqm production facility in Alexandria. Most traded securities:The most traded investments by Bell Direct clients to start the new week were led by BHP (ASX:BHP)DroneShield (ASX:DR)Andean Silver (ASX:ASL)Betashares Global Defence ETF (ASX:ARMR) What to watch today:On the commodities front this morning oil is trading 2.28% lower at US$66.89/barrel, gold is down 0.4% at US$3343/ounce and iron ore is up 0.05% at US$96.76/tonne.The Aussie dollar has weakened against the greenback to buy 65.47 U.S. cents, 96.75 Japanese yen, 48.55 British pence and 1 New Zealand dollar and 10 cents.Ahead of Tuesday's trading session here in Australia the SPI futures are anticipating the ASX will open the day up 0.64%.Trading ideas:Bell Potter has increased the 12-month price target on Paladin Energy (ASX:PDN) from $6.50 to $9.20 and maintain a buy rating on the uranium producer ahead of some catalysts coming up including the outlook for a re-rate on the company over the coming quarters with predicted fresh ore processing outperforming the stockpile issues which plagued FY25.Trading Central has identified a bearish signal on PWR Holdings (ASX:PWH) following the formation of a pattern over a period of 15-days which is roughly t
Wall St closed mixed amid concerns over inflation after the latest data out for June overnight revealed US inflation increased from May with CPI rising 0.3% MoM to an annual rate of 2.7% while core inflation rose 0.2% MoM or 2.9% on an annual basis. The Dow Jones fell 0.98%, the Nasdaq gained 0.18% and the S&P500 ended the day down 0.4%.In Europe overnight markets closed lower for a third straight session amid caution over a trade deal yet to be done with the US ahead of the tariff introduction date on August 1. The STOXX 600 fell 0.37%, Germany's DAX lost 0.42%, the French CAC fell 0.54% and, over in the UK, the FTSE100 ended the day down 0.66%.Locally to start the new trading week the ASX200 closed lower on Monday before a strong rebound on Tuesday where the key index gained 0.7% to reset its record high at the closing bell. A broad tech rally was the key driver of the market's surge yesterday while investors also shrugged off the latest US Trump tariff threats.Westpac consumer confidence data for July came out yesterday showing consumer confidence jumped 0.6% in July to 93.1 points despite the RBA rate hold as investors still expect a number of rate cuts this year.What to watch today:Ahead of Wednesday's trading session the SPI futures are anticipating the ASX will open the day down 0.73%.On the commodities front this morning, oil is trading 0.54% lower at 66 US dollars and 16 cents a barrel, gold is down 0.35% at 3331 US dollars an ounce and iron ore is up 0.05% at 96.76 US dollars a tonne.Trading Ideas:Bell Potter has downgraded Technology One (ASX:TNE) from a hold to a sell and have slightly raised the 12-month price target on the company to $35.75 following recent share price appreciation. The sell rating is not due to a negative catalyst, but the market already expecting the company to beat expectations, so we don't see a positive catalyst as there is not much upside risk to our and the market's FY25 forecast.Trading Central has identified a bullish signal on SRG Global (ASX:SRG) following the formation of a pattern over a period of 14-days which is roughly the same amount of time the share price may rise from the close of $1.69 to the range of $1.87 to $1.91 according to standard principles of technical analysis.
Wall Street closed lower on Friday after President Trump announced a 35% tariff on Canada and threatened higher tariffs across the board. The S&P500 retreated 0.33% a day after posting a fresh record high, the Nasdaq lost 0.22% and the Dow Jones ended the day down 0.63%.In Europe on Friday, markets closed lower as investors awaited the highly anticipated tariff letter to arrive from President Trump outlining the damage of tariffs set to come. The STOXX 600 lost 1.1%, Germany's DAX and the French CAC each lost 0.9% and, in the UK, the FTSE100 ended the day down 0.4%.Across the Asia region on Friday, it was a mixed session after President Trump announced a blanket 15% or 20% tariff on most trade partners. Hong Kong's Hang Seng rose 0.75%, China's CSI index rose 0.12%, Japan's Nikkei slipped 0.19% and South Korea's Kospi index ended the day down 0.23%.Locally to end the last trading week, the ASX200 posted a 0.11% loss as every sector aside from materials stocks ended the day in the red. For the week, the ASX200 posted a 0.27% loss as strong declines among REIT and tech stocks offset strength among utilities and materials stocks.Rare earths producers locally surged on Friday after the US Department of Defence agreed to take a 15% stake in MP Materials, a US-based rare earths producer. Lynas Rare Earths (ASX:LYC) rose over 16% on Friday while Arafura Rare Earths (ASX:ARU) added 5.56%.Johns Lyng Group (ASX:JLG) soared over 21% on Friday after announcing it has agreed to a $1bn takeover offer from Pacific Equity Partners, an Australian-based private markets fund manager.Most traded securities:The most traded stocks by Bell Direct clients on Friday were led byCSL (ASX:CSL)Neuren Pharmaceuticals (ASX:NEU)NAB (ASX:NAB)And the most traded ETFs were led byVanguard Australian Shares Index ETF (ASX:VAS)Betashares Nasdaq 100 ETF (ASX:NDQ)Vanguard Msci Index International Shares ETF (ASX:VGS)What to wach today:On the commodities front this morning oil is trading 3.27% higher at US$68.75/barrel, gold is up 0.92% at US$3354.76/ounce and iron ore is down 0.05% at US$96.71/tonne.The Aussie dollar has weakened against the greenback to buy 65.64 U.S. cents, 96.60 Japanese yen, 45.91* British pence and 1 New Zealand dollar and 9 cents.Ahead of the first trading session of the new week, the SPI futures are anticipating the ASX will open the day down 0.15% tracking the global market turbulence overnight.Trading ideas:Bell Potter has initiated coverage of Kinatico (ASX:KYP) with a buy rating and a 12-month price target of 30cps. The company is a leading provider of ‘know your people' solutions to organisations across Australia and NZ with a legacy business – CVCheck – which provides employment screening to over 10,000 repeat corporate customers. Bell Potter's analyst sees the buy rating is supported by upcoming catalysts including FY25 results, positive outlook statements and the successful launch of ComplianceX this quarter with strong initial take-up of the solution.And Trading Central has identified a bearish signal on Tasmea (ASX:TEA) following the formation of a pattern over a period of 22-days which is roughly the amount of time the share price may fall from the close of $3.37 to the range of $2.65 to $2.80 according to standard principles of technical analysis.
Wall Street recovered to close higher on Wednesday as investors shrugged off the latest tariff noise to buy into tech and other growth market areas again. The Nasdaq rose 0.94% boosted by Nvidia shares climbing 1.8%, the S&P500 added 0.61%, and the Dow Jones ended the day up 0.5%. On Wednesday, Trump sent a further 6 letters to countries outlining new tariffs on imports of goods bound for the U.S.In Europe overnight, markets closed at a four-week high boosted by the banks as investors await progress on trade talks between the U.S. and the EU. The STOXX600 rose 0.78%, Germany's DAX added 1.42%, the French CAC climbed 1.44%, and, in the UK, the FTSE100 ended the day up 0.15%.Across the Asia markets on Wednesday, it was a mixed session after President Trump ruled out any extension to the tariff deadline of August 1. Japan's Nikkei added 0.33%, Hong Kong's Hang Seng fell 1.06%, China's CSI index lost 0.18% and South Korea's Kospi index ended the day flat.The Australian share market dropped 0.61% on Wednesday following US President Donald Trump's escalation of his protectionist trade war, as he reiterated threats to impose higher tariffs on copper imports.Lifestyle Communities (ASX:LIC) saw a dramatic drop of over 40% following a landmark tribunal ruling that deemed its profitable deferred management fees, or exit fees, imposed on residents to be invalid under state tenancy laws.Telix Pharmaceuticals (ASX:TLX) surged 6% following the announcement that its prostate cancer imaging product, Gozellix, has been assigned a permanent code by the US Centres for Medicare & Medicaid Services, effective October 1.Most traded securities:Most traded stocks and ETFs of the day yesterday by our clients were led byBHP (ASX:BHP)Ampol (ASX:ALD)Global X Physical Gold ETF (ASX:GOLD)What to watch today:On the commodities front this morning oil is trading 0.21% higher at US$68.32/barrel, gold is up 0.36% at US$3313.36/ounce and iron ore is up 0.35% at US$95.55/tonne.The Aussie dollar has strengthened against the greenback to buy 65.34 U.S. cents, 95.61 Japanese yen, 48.05 British pence and 1 New Zealand dollar and 9 cents.Ahead of Thursday's trading session here in Australia the SPI futures are anticipating the ASX will open the day up 0.5%.Trading ideas:Bell Potter has decreased the 12-month price target on Lifestyle Communities (ASX:LIC) from $8.55 to $5.00 and maintain a hold rating on the company following the receipt of judgement from ongoing VCAT proceedings relating chiefly to its use of a deferred managed fee structure.And Trading Central has identified a bullish signal on Data3 (ASX:DTL) following the formation of a pattern over a period of 182 days which is roughly the same amount of time the share price may rise from the close of $7.79 to the range of $9.80 to $10.20 according to standard principles of technical analysis.
Wall Street closed mixed on Tuesday as investors assessed the latest comments out of President Trump on the tariff front whereby he said there will be no exceptions to his August 1 tariff start date. The S&P500 lost just 0.07%, the Dow Jones dipped 0.37% and the Nasdaq ended the day up 0.03%.In Europe overnight, markets in the region closed higher as investors hope trade deals can be done between the US and key European countries in the near future. The STOXX 600 rose 0.3%, and Germany's DAX, the French CAC and the UK's FTSE 100 ended the day up 0.5% each.Across the Asia region on Tuesday, it was positive despite investors assessing President Trumps' latest tariff threats on 14 key trading partners. Imports from Japan, South Korea, and Malaysia among other countries are now set to face tariffs of 25% starting August 1 according to Trump's latest post on his social platform, Truth Social. Japan's Nikkei rose 0.26% on Tuesday, South Korea's Kospi Index ended the day up 1.81%, China's CSI index rose 0.84% and Hong Kong's Hang Seng added 1.09%.The local market closed Tuesday's session flat as investors were shocked by the RBA's surprise rate hold announcement whereby Australia's cash rate will remain at 3.85% for the next period amid global uncertainty on the tariff front and Australia's tight labour market. RBA governor Michele Bullock said Australia's central bank is really conscious of not wanting to end up with a fight against inflation again and they want to make sure they have ‘nailed' inflation before cutting again.Following the RBA's shock rate hold on Tuesday afternoon, the ASX dipped but recovered just before the closing bell with staples and utilities stocks taking the biggest hit, while tech and communication services offset some of the losses.Some broker moves sparked stock reactions yesterday with South32 (ASX:S32) sliding almost 2% after Goldman Sachs cut its outlook on the company to Neutral while Domino's Pizza (ASX:DMP) rallied over 2% after UBS upgraded the stock to a buy, and Guzman Y Gomez (ASX:GYG) fell 4% after JPMorgan initiated coverage on the stock on Monday with an underweight rating. What to watch today:On the commodities front this morning, oil is trading 0.7% higher at US$68.40/barrel, gold is down 0.92% at US$3306/ounce and iron ore is up 0.35% at US$95.55/tonne.The Aussie dollar has strengthened against the greenback to buy 65.31 US cents, 95.77 Japanese Yen, 48.12 British pence and 1 New Zealand dollar and 9 cents.And ahead of the midweek trading session here in Australia the SPI futures are anticipating the ASX will open the day down 0.08%.Trading ideas:Bell Potter has increased the 12-month price target on Cobram Estate Olives (ASX:CBO) from $1.95 to $2.35 and maintain a hold rating on the olive oil producer following the company's provision of a FY25 production and earnings guidance update. CBO expects production to come in below BPe but EBITDA expectations of $115m top BPe of $113m.Trading Central has identified a bullish signal on Lycopodium (ASX:LYL) following the formation of a pattern over a period of 99-days which is roughly the same amount of time the share price may rise from the close of $11.29 to the range of $12.50 to $12.80 according to standard principles of technical analysis.
Wall St closed lower to start the new week as President Trump reportedly posted letters to countries indicating new tariff terms and amounts that will come into play once the July 9 waiver deadline ends. The Dow Jones fell 0.94% on Monday, the S&P 500 lost 0.79% and the tech-heavy Nasdaq ended the day down 0.92%.Imports from at least 7 countries will face hefty tariffs from August 1 according to Trump's latest posts on his social platform, Truth social.In Europe overnight, markets mostly rose before Trump's latest tariff updates were revealed. The STOXX 600 rose 0.4%, Germany's DAX added 1.1%, the French CAC climbed 0.4%, and, in the UK, the FTSE100 ended the day down just 0.2%.Across the Asia region overnight, markets closed mixed as Trump's tariff deadline day tomorrow looms and on the back of Trump announcing reciprocal tariffs will commence from August 1. China's CSI index fell 0.43%, Hong Kong's Hang Seng lost 0.61%, Japan's Nikkei dropped 0.56%, and South Korea's Kospi index ended the day up 0.17%.Locally to start the new trading week, the ASX200 slipped into the red to post a 0.16% loss following the record close on Friday as investors await the RBA's rate announcement today and ahead of Trump's tariff waiver deadline tomorrow.Investors are increasingly on edge ahead of Trump's tariff waiver deadline ending on Wednesday 9th July as widespread concerns revolve around trade deals not being done thus leading to hefty tariffs disrupting trade moving forward. The local market is following the trends of global markets from late last week as investor optimism fades ahead of Wednesday's tariff deadline. Given the key index is trading around record territory of late, investors are also likely awaiting the RBA's rate decision today before making any big moves.Ahead of the RBA's anticipated rate cut out today, investors also took profits from the banks as banks tend to perform worse in a lower interest rate environment.Investors and the market are factoring in a 97% chance of a rate cut out of the RBA today to the effect of a 25-basis point cut. Should the RBA announce a cut we will likely see the tech, REIT and discretionary sectors continue to rally as such sectors tend to outperform in a lower interest rate environment.Northern Star Resources (ASX:NST) tumbled 6% on Monday after the gold miner announced its production showed output at the lower end of guidance, while Origin Energy (ASX:ORG) rose over 5% on reports that UK start-up Octopus Energy, which Origin has a 23% stake in, is planning to demerge its tech division.What to watch today:On the commodities front this morning oil is trading 2.36% higher at US$68.02/barrel, gold is up 0.03% at US$3336.19/ounce and iron ore is down 1.06% at US$95.22/tonne.The Aussie dollar has weakened against the greenback to buy 64.89 US cents, 94.77 Japanese yen, 47.76 British pence and 1 New Zealand dollar and 8 cents.Ahead of Tuesday's trading session the SPI futures are anticipating the ASX will open the day down 0.55%.Trading Ideas:Bell Potter has initiated coverage of Titomic (ASX:TTT) with a speculative buy rating and a 12-month price target of $0.50/share. Titomic is an Australian company at the forefront of industrial-scale metal additive manufacturing and Bell Potter's analyst sees the increasing spend in defence, especially to come in the US, as a growth opportunity for Titomic.And Trading Central has identified a bullish signal on Origin Energy (ASX:ORG) following the formation of a pattern over a period of 15-days which is roughly the same amount of time the share price may rise from the close of $11.55 to the range of $12.00 to $12.20 according to standard principles of technical analysis.
TOP NEWS | On today's Daily Signal Top News, we break down: The Supreme Court hears oral arguments for a major transgender case. The big question before the court is: Can a state ban transgender treatments on minors? Trump might replace Pete Hegseth - his pick to lead the Defense Department — with Florida Gov. Ron DeSantis Trump taps Jared Isaacman to lead NASA. Relevant Links: More Coverage Supreme Court Transgender Case: Videos: https://www.youtube.com/watch?v=HGy7M_cQsBk https://www.youtube.com/shorts/oav_Q47LBnU Articles: https://www.dailysignal.com/2024/12/03/supreme-court-case-exposes-transgender-medical-scandal-epic-proportions/ Daily Signal Internship Application: https://www.heritage.org/young-leaders-program Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda
TOP NEWS | On today's Daily Signal Top News, we break down: The Supreme Court will hear a case determining if states can ban transagender procedures for minors. South Korean President Yoon Suk Yeol declares martial law. Gov. Gavin Newsom wants 25 million in funding for legal battles against the incoming Trump administration. New Jersey resident punished for waving American flag. DOJ revisits gag order against transgender children's hospital whistleblower, Dr. Eithan Haim. Relevant Links Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda
TOP NEWS | On today's Daily Signal Top News, we break down: White House Press Secretary Karine Jean-Pierre is defending President Joe Biden's decision to pardon Hunter Biden. President-elect Donald Trump caused plenty of stir over the long holiday weekend by naming Kash Patel to head the FBI. Israeli American hostage Omer Neutra is confirmed dead. Relevant Links Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda
TOP NEWS | On today's Daily Signal Top News, we break down: Special Council Jack Smith has taken action to drop all charges against Donald Trump. It appears that Israel and Lebanon have reached a ceasefire agreement. The agreement would end the conflict between Israel and Hezbollah. The pentagon has lost $2.5 trillion. Relevant Links: https://www.dailysignal.com/2024/11/25/pentagon-lost-track-2-5-trillion/ Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription
TOP NEWS | On today's Daily Signal Top News, we break down: Matt Gaetz has withdrawn his name as Trump's Attorney General nominee. President Joe Biden quietly awarded the former CEO of Planned Parenthood with the nation's highest civilian award, according to Life News. The International Criminal Court has issued an arrest warrant for Prime Minister of Israel Benjamin Netanyahu. Relevant Links Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda
TOP NEWS | On today's Daily Signal Top News, we break down: Laken Riley's murderer was convicted and sentenced. A new bill would ban biological males from all federal women's bathrooms. President Elect Donald Trump announced the nominations of Linda McMahon and Michael Whitaker. The majority of American medical societies have released statements infusing political ideology into their missions. The United States shut its embassy in Kyiv. Relevant Links Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda
TOP NEWS | On today's Daily Signal Top News, we break down: Laken Riley's alleged murderer is on trial for the third day. President-elect Donald Trump nominated billionaire Howard Lutnick to lead the Commerce Department. The far-left Southern Poverty Law Center has set its sights on Not the Bee, the real-news partner of the Christian satire site The Babylon Bee. New York prosecutors are requesting a stay until at least 2029 in New York v. Trump. President Barack Obama praised Trump's border czar nominee Tom Homan in 2016. Relevant Links Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda
TOP NEWS | On today's Daily Signal Top News, we break down: President Joe Biden has given Ukraine permission to use U.S. made long range missiles to strike targets inside Russia. Over the weekend, Trump announced that he has tapped Chris Wright to serve as secretary of Energy. Wright is the CEO of a fracking and oilfield company called Liberty Energy. Trump confirms he plans to declare an emergency over the crisis at the border and use military assets to deport illegal aliens. Relevant Links Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda
TOP NEWS | On today's Daily Signal Top News, we break down: President-elect Donald Trump taps Robert F. Kennedy Jr. to be his Secretary of Health and Human Services. Lawmakers and officials in Washington D.C. are still reeling after Trump announced yesterday that Rep. Matt Gaetz is his pick for attorney general. Biden has appointed 215 judges during his presidency and is likely to try to get a few more in before he leaves office. The attorney general of Florida files a lawsuit against FEMA. Relevant Links Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda
TOP NEWS | On today's Daily Signal Top News, we break down: For the first time in 18 years, Republicans in the Senate have a new leader. President-elect Donald Trump appoints Tulsi Gabbard, Marco Rubio, Pete Hegseth, and others to cabinet. The Department of Health and Human Services spends tens of millions of dollars annually on DEI expenses. The president of the host country of the 2024 U.N. climate change conference defends fossil fuels. A federal judge temporarily halts a Louisiana law requiring public schools to display the Ten Commandments in every classroom Relevant Links Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda
TOP NEWS | On today's Daily Signal Top News, we break down: President-elect Donald Trump started announcing his administration. Protesters gathered over the weekend in Washington, D.C., Pittsburgh, New York City, Portland, and Seattle. Six of America's largest companies have executives on the boards of hospitals that perform child sex-change procedures. . Judge Juan Merchan paused all deadlines in President-elect Donald Trump's New York case. MSNBC has seen a sharp 54% drop in primetime viewership since Donald Trump won the election. Relevant Links: Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda
TOP NEWS | On today's Daily Signal Top News, we break down: Biden delivers remarks to the American people following his vice president's election defeat. Donald Trump's victory is due in part to his strong performance among Latino voters. How is the corporate media responding to such a significant victory for Trump? Relevant Links Listen to other podcasts from The Daily Signal: https://www.dailysignal.com/podcasts/ Get daily conservative news you can trust from our Morning Bell newsletter: DailySignal.com/morningbellsubscription Listen to more Heritage podcasts: https://www.heritage.org/podcasts Sign up for The Agenda newsletter — the lowdown on top issues conservatives need to know about each week: https://www.heritage.org/agenda