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Escalation of attacks between Iran and Israel hit global markets on Friday.Wall Street closed lower as investors assessed the worsening tensions in the Middle East with the S&P500 dropping1.13%, while the Dow Jones lost 1.8% and the tech heavy Nasdaq ended the day down 1.3%. Oil and defensive stocks rose on Friday amid the rising price of oil due to Middle East tensions and as investors buy into the defence sector driven by rising geopolitical tensions.In Europe on Friday markets closed in the red after Israel launched air strikes on Iran. The STOXX 600 fell 1%, Germany's DAX and the French CAC each lost 1.1% and, in the UK, the FTSE100 ended the day down 0.5%.Across the Asia region on Friday markets closed mixed as investors assessed an announcement by Trump that a deal had been done with China to the effect of 55% on imports from China into the U.S. Hong Kong's Hang Seng fell 1.11% on Friday, China's CSI index closed flat, Japan's Nikkei fell 0.65% and south Korea's Kospi index rose 0.45%.Locally on Friday, the ASX200 posted a 0.2% loss after Israel attacked Iran's nuclear program sites in a significant escalation of tensions in the Middle East.Luxury online fashion retailer Cettire tanked a further 20% on Friday following a 31% drop on Thursday after the company announced its second profit downgrade in less than two months, citing uncertainty around tariffs and elevated promotional activity as the drivers of the downgrades.Gold miners jumped on Friday amid the renewed geopolitical tensions driving investor uncertainty hence leading to a flock to safe-havens, while energy stocks also soared on the 13% spike in brent oil prices amid the rising Middle East tensions.What to watch today:On the commodities front this morning oil is trading 7.26% higher at US$72.98/barrel, gold is up 1.36% at US$3432/ounce and iron ore is down 0.08% at US$95.38/tonne.The Aussie dollar has weakened against the greenback to buy 64.85 US cents, 93.59 Japanese Yen, 47.96 British Pence and 1 New Zealand dollar and 8 cents.Ahead of Monday's trading session the SPI futures are anticipating the ASX will open the day down 0.23%.Trading Ideas:Bell Potter has reduced the 12-month price target on Accent Group (ASX:AX1) from $2.60 to $2.10 and maintain a buy rating on the footwear and fashion retailer following the company providing a FY25 trading update last week including group like-for-like sales down 1% in 2H25 to date, and gross margins fell 80bps on the PCP.Trading Central has identified a bullish signal on New Hope Corporation (ASX:NHC) following the formation of a pattern over a period of 85-days which is roughly the same amount of time the share price may rise from the close of $3.87 to the range of $4.60 to $4.75 according to standard principles of technical analysis.
Investors weighed inflation data as the consumer price index rose 0.1% in May from April, less than the 0.2% estimate from economists were expecting. Core CPI, which strips out volatile food and energy prices, also increased 0.1%, less than expected. All three major US benchmarks closed lower. The Dow Jones lost 1.1%, the S&P500 lost 0.27%, following a 3- day winning streak, while the Nasdaq closed down 0.5%.European markets were mixed as focus remains on the US - China trade discussions, which occurred this week in London. Germany's DAX is down 0.16%, France's CAC down 0.36%, the FTSE100 was in the green, up 0.13%, while the STOXX600 closed 0.27% lower.Yesterday, the Australian market gained 0.06% by the close, with real estate, energy and materials sectors leading the market's gains. On the other end, information technology was the biggest mover, declining 1.5%, so keep watch of tech stocks today, with the Nasdaq also lower overnightWhat to watch today:The SPI futures are suggesting that our local market will open 0.23% higher this morning, however the futures lost earlier gains this morning, following reports that the US are preparing to partially evacuate the Iraq embassy over regional security.In economic data, consumer inflation expectations will be out at 11:00am this morning.And in commodities:Crude oil has rallied 4.9% trading at US$68.15 per barrel, after President Donald Trump announced a preliminary trade deal with China, raising hopes for stronger energy demand. The agreement includes China supplying rare earth minerals and the US easing restrictions on Chinese students, however final approval is still pending.Gold has gained 1% trading at US$3,363And iron ore is up 0.3% at US$95.78 per tonne.Trading ideas:Bell Potter have maintained their Buy rating on marketing and communications business IVE Group (ASX:IGL) and have increased their price target by 7% to $3.00 as the broker expects a positive trading update and upgrade in FY25 guidance. At the current share price of $2.66 this implies 12.8% share price growth in a year.And Trading Central have identified a bullish signal in ResMed (ASX:RMD) indicating that the stock price may rise from the close of $39.02 to the range of $44.50 to $45.75 over 36 days, according to the standard principles of technical analysis.
Wall St rallied on Tuesday as investors focus on the outcome of US and China trade talks which entered a second day in London. The S&P500 gained 0.55% to post a third straight winning day while the Dow Jones added 0.25% and the Nasdaq ended the day up 0.63%. Investors are hoping a stable deal can be done, with some officials saying the negotiations are ‘going well and they expect the talks to continue all day again'.In Europe overnight, markets closed mixed as investors brace for US – China trade updates. The STOXX 600 rose 0.08%, Germany's DAX fell 0.58%, the French CAC rose 0.17% and, in the UK, the FTSE 100 ended the day up 0.24% just shy of its previous record set. Across the APAC region on Tuesday, markets in the region closed mixed as investors await details of the US – China trade talks. Japan's Nikkei rose 0.32%, China's CSI index lost 0.51%, Hong Kong's Hang Seng closed flat and South Korea's Kospi Index ended the day up 0.56%.The local market started the holiday-shortened trading week with a fresh record close buoyed by strength among energy stocks amid the rising price of oil.Progress in talks between China and the US on Monday night through a 6-hour meeting and NAB business confidence data for May out on Tuesday morning beating expectations were the key drivers of the local index posting a 0.84% gain on Tuesday. Investor sentiment is very news and noise driven right now so any positive news and outlook drives markets higher.Yesterday, we had the release of NAB Business confidence for May released and Westpac Consumer Confidence for June released with business confidence rising 2 index points for May, well exceeding the fall to -3 index points economists were expecting, but consumer confidence rose just 0.5% which fell short of the 2.5% rise markets had expected as consumer fears remain elevated on the global trade uncertainty front.MonashIVF (ASX:MVF) tanked over 25% yesterday after news surfaced that the company has encountered a second IVF embryo implantation incident with the wrong embryo being inserted into a patient, marking the second event of its kind to hit the headlines in a month.Gold miners retreated on Tuesday as investor appetite for growth stocks regained momentum amid the sliding price of gold on the back of trade negotiation progress between the world's largest economies.What to watch today: The Aussie dollar has strengthened against the greenback to buy 65.19 US cents, 94.47 Japanese Yen, 48.11 British Pence and 1 New Zealand dollar and 8 cents.On the commodities front this morning, oil has pulled back from yesterday's spike to trade 0.91% lower at US$64.68/barrel, gold is down 0.1% at US$3322/ounce and iron ore is down 0.6% at US$95.62/tonne.Ahead of Wednesday's trading session in Australia the SPI futures are anticipating the ASX will open the day up 0.28%. Trading ideas:Bell Potter has increased the 12-month price target on Catapult Group (ASX:CAT) and maintain a hold rating on the leading sports technology company following the company's announcement of its latest acquisition of US-based Perch for an initial consideration of US$18m. The analyst sees the acquisition will provide a large cross-sell opportunity to its existing 3600 pro teams.And Trading Central has identified a bullish signal on Yancoal (ASX:YAL) following the formation of a pattern over a period of 60-days which is roughly the same amount of time the share price may rise from the close of $5.51 to the range of $6.25 to $6.45 according to standard principles of technical analysis.
Wall Street closed mostly higher on Monday as investor optimism remains elevated on hopes of trade talks progress between the U.S. and China. The S&P500 rose 0.09%, the Dow Jones fell just 1.1 points and the Nasdaq ended the day up 0.31%.In Europe overnight, markets closed lower as investors awaited the outcome of talks between the U.S. and China in London. The STOXX 600 fell 0.08%, Germany's DAX lost 0.54%, the French CAC dropped 0.17%, and, in the UK, the FTSE100 ended the day down 0.06%.Across the Asia markets on Monday, it was a sea of green as investors welcomed some favourable economic data out of China and awaited key trade talks between the world's largest economies. Consumer price inflation fell by 0.1% YoY in May which was lower than the 0.2% economists were expecting, while producer price index fell by 3.3%.China's CSI index rose 0.3%, South Korea's Kospi index rose 1.55%, Japan's Nikkei added 0.92% and Hong Kong's Hang Seng ended the day up 1.63%.The ASX was closed on Monday for the King's Birthday public holiday.Last week though, the ASX posted a near 1% gain for the 5-trading days to notch the first positive trading week for June and the fourth consecutive weekly gain as progress talks between Presidents Trump and Xi resumed and ended with an in-person meeting agreement.Gold producer Ora Banda took a hit on Friday after downgrading its gold production guidance for FY25 to 5% below the low end of the initial guidance range, while also increasing the costs expected by 4% with the driver of the update being extended downtime required for the processing plant.What to watch today:Ahead of Monday's trading session in Australia the SPI futures are anticipating the ASX will open the day down 0.06%.The Aussie dollar has strengthened against the greenback to buy 65.18 US cents, 94.19 Japanese yen, 47.98 British pence and 1 New Zealand dollar and 8 cents.On the commodities front this morning oil is trading 1.24% higher at US$65.32/barrel, gold is up 0.42% at US$3325.58/ounce and iron ore is down 0.6% at US$95.62/tonne.Trading Ideas:Bell Potter has increased the 12-month price target on Develop Global (ASX:DVP) from $4 to $5 and maintain a buy rating on the hybrid underground and owned-mine operator following the release of recent updates out of the company including Woodlawn's plant commission and underground mine production ramp-up progressing ahead of Bell Potter's expectations.And Trading Central has identified a bearish signal on REA Group (ASX:REA) following the formation of a pattern over a period of 26-days which is roughly the same amount of time the share price may fall from the close of $232.52 to the range of $219 to $223 according to standard principles of technical analysis.
US equities closed mixed overnight. The Dow Jones dropped 0.2%, ending at four day winning streak as lower than expected payroll data dragged down sentiment. The S&P500 and the Nasdaq however, both closed in the green, gaining 0.44% and 0.32% respectively.European markets were all in the green with the STOXX600 up 0.47%.Our local market rallied yesterday as the energy sector lead the market with strong gains. Paladin Energy (ASX:PDN) and Mineral Resources (ASX:MIN) were among the top performers.Uranium stocks jumped at the open following news that one of the world's biggest technology companies had stepped up demand for nuclear power.The rise came after Meta overnight signed a 20-year contract to buy 1,121 megawatts from Constellation's nuclear plant, with power supply beginning in 2027. This follows similar deals struck by peers Microsoft, Amazon, and Google parent Alphabet. Nuclear power has emerged as one of the biggest winners from the AI-fuelled surge in electricity needed for data centres. New nuclear reactors are an important source of uranium demand growth. This follows Microsoft's recent deal to fulfil all AI power needs from a US Nuclear power plant.Also yesterday, the GSP growth rate was released. GDP grew at 0.2% in the March quarter following a 0.6% expansion in the prior quarter. Markets were expecting a 0.4% rise so the data out today indicating stalled growth.What to watch today:The Australian market is set to open slightly in the red. The SPI futures are suggesting a 0.1% drop at the open this morning.And in commodities,Crude oil has dropped more than 1% and is trading at US$62.69 per barrel as Saudi Arabia signalled it may push for a large production increase, raising fears of a global oil oversupply.The price of gold has rebounded, advancing 0.6% trading at US$3,373.44 an ounce, and approaching a one-month high, as a series of weak US economic reports renewed concerns over the outlook.And iron ore has jumped more than 1% trading at US$96.26 per tonne. The price is still hovering around eight- month lows as weak economic data from China clouded the metal's demand outlook.Trading ideas:Bell Potter maintain their Buy rating on Elders (ASX:ELD), a leading supplier to fertiliser, agricultural chemicals and animal health products. Their 12- month price target is unchanged at $9.10, and at ELD's current share price of $6.15, this implies 48% share price growth in a year.And Trading Central has identified a bullish signal in ResMed (ASX:RMD) indicating that the stock price may rise from the close of $38.33 to the range of $40.60 - $41.20 over 10 days according to the standard principles of technical analysis.
Wall St tor on Tuesday as investors anticipate details on potential US trade deals will come to light very soon. AI stocks lead the gains with Nvidia up more than 3% at the sessions' end. The S&P500 rose 0.58% on Tuesday, while the Nasdaq added 0.81% and the Dow Jones ended the day up 0.51%.In Europe overnight, markets closed slightly higher after the eurozone inflation reading eased to a cooler-than-expected forecast 1.9% in May. The STOXX 600 rose 0.01%, Germany's DAX added 0.64%, the French CAC climbed 0.33% and, in the UK, the FTSE100 ended the day up 0.13%.Across the Asia region on Tuesday, the US Customs and Border Protection agency's move to extend a tariff pause on some Chinese goods boosted risk-on sentiment during Asian trading. This also helped the US dollar strengthen, recovering some of Monday's sharp losses against major currencies. China's CSI index rose 0.31% on Tuesday, Hong Kong's Hang Seng climbed 1.4%, Japan's Nikkei ended the day flat and South Korean markets were closed for polling day.The Australian share market had its best day in a month, rising 0.6% as optimism about revived US-China trade talks boosted investor sentiment. The S&P/ASX 200 gained 52.6 points to close at 8466.7, with financials leading nine of 11 sectors higher. The rally followed gains on Wall Street after news that Presidents Trump and Xi will discuss tariffs this week.Investors bought into the banks on Tuesday due to the safe-haven nature of such investments over the last year, while Iron ore miners declined in line with a drop in iron ore futures, triggered by China's manufacturing activity hitting its lowest point in over two years. BHP (ASX:BHP) fell 0.6%, while Rio Tinto (ASX:RIO) slipped 0.7%.IDP Education (ASX:IEL) recorded the biggest loss on the market, tumbling 44.8% after warning investors that global policy uncertainty has impacted its student enrolment pipeline. The company also revealed it is conducting a review of its profitability and cost structure.Meanwhile on a macro level, from 1st July, 2.6 million workers will benefit from a historic 3.5% minimum wage increase; the $32 weekly rise brings the national minimum wage to $24.95 per hour or approximately $948 per week. While this wage rise is one of the largest above-inflation increases ever, it is expected to have only a modest impact on inflation.What to watch today:On the commodities front this morning, oil is trading 1.38% higher at US$63.38/barrel, gold is down 0.9% at US$3352/ounce and iron ore is down 0.7% at US$95.30/tonne.The Aussie dollar has weakened against the greenback overnight to buy 64.67 US cents, 93.03 Japanese Yen, 47.93 British Pence and 1 New Zealand dollar and 8 cents.Ahead of the midweek trading session in Australia, the SPI futures are anticipating the ASX will open the day up 0.27%.Trading ideas:Bell Potter has increased the 12-month price target on Aspen Group (ASX:APZ) from $3.05 to $3.90 and maintain a buy rating on the real estate company following the company's successful raising of $70m via an institutional placement with a further $4m to be raised via SPP at $2.90/unit.Trading Central has identified a bullish signal on Rural Funds Group (ASX:RFF) following the formation of a pattern over a period of 30-days which is roughly the same amount of time the share price may rise from the close of $1.79 to the range of $1.91 to $1.93 according to standard principles of technical analysis.
Wall Street started the new trading week with all three major benchmarks closing in the green, despite the tensions in global trade. The Dow Jones gained 0.08%, the S&P500 up 0.41%, while the Nasdaq gained 0.67%. European markets closed mixed overnight as President Trump's 50% steel tariffs inflate EU trade tensions. The STOXX600 closed 0.14% lower, the German DAX down 0.28%, France's CAC down 0.19%, while the FTSE 100 was slightly higher up just 0.02%. Locally on Monday the ASX200 posted a 0.24% loss to start the new trading month lower, as energy and utility stocks weighed on market gains, while only 3 of the 11 sectors ended the day in the green. Brickworks (ASX:BKW) soared over 25% on Monday after the company announced a $14 billion merger with Washington H. Soul Pattinson (ASX:SOL), with the arrangement initially valuing BKW shares at a 10.1% premium to the previous closing price. The market's reaction signals investors are positive about the strategic outlook for the merger and diversification the new merger offers in the building, property and diversified financials space. What to watch today:The Australian market is expected to rebound, with the SPI futures suggesting a 0.82% rise at the open this morning. In commodities, Crude oil has rallied 3.67%, trading at US$63.00 per barrel, following OPEC+'s announcement of a steady production increase. The price of gold is also in the green, up 2.78% to US$3,380.76 an ounce While iron ore has dropped over 3%, trading at US$95.95 per tonne, so keep watch of companies such as Mineral Resources (ASX:MIN) or Fortescue (ASX:FMG). Trading ideasBell Potter maintains its Buy rating on Bega Cheese (ASX:BGA) as the diversified food company continues to execute against its strategy to deliver FY28 EBITDA of more than $250 million. Bell Potter's price target remains unchanged at $7.00, and at BGA's current share price of $5.55, this implies 26% share price growth in a year. And Trading Central have identified a bearish signal in Goodman Group (ASX:GMG) indicating that the stock price may fall from the close of $32.64 to the range of $26.25 to $27.50 over 29 days, according to the standard principles of technical analysis.
Wall Street closed mixed on Friday but posted strong gains across the key indices for the month of May as investors shrugged off Trump's tariff turmoil and global trade uncertainty to send equities higher for the month. The S&P500 closed flat on Friday but gained 6.2% for the month, the Dow Jones rose 0.13% on Friday and 3.9% for the month, and the tech-heavy Nasdaq ended the day down 0.32% but posted a 9.6% surge for the month of May.On Friday a trade deal between the U.S. and UK was reached, boosting investor optimism that more deals of this kind can be done.Across the European region on Friday, markets closed mostly higher on the UK trade deal and as investors welcomed the potential blocking of his tariffs on certain regions.The STOXX600 rose 0.1%, Germany's DAX added 0.3%, the French CAC fell 0.36%, and, in the UK, the FTSE100 ended the day up 0.64%.Across the Asia region on Friday markets closed mostly lower as the appeals court in the U.S. allowed majority of Trump's tariffs to be re-instated. Japan's Nikkei fell 1.22%, China's CSI index lost 0.48%, South Korea's Kospi index declined 0.84%, and Hong Kong's Hang Seng ended the day down 1.2%.Locally on Friday, the ASX200 posted a 0.3% gain despite Trump's tariff-related volatility weighing on the key index early in the session. Investors again moved into defensive and safe-haven stocks like the banks and staples, while shifting out of riskier stocks like tech on Friday as uncertainty arose again on the tariffs front. The local market posted a second straight monthly gain for the month of May despite heightened volatility and macro uncertainty.On Friday morning it was announced that a federal appeals court temporarily upheld many of President Trump's tariffs on China and other countries, pausing a lower court ruling that had challenged them. This move allows the tariffs to remain in place while the court reviews the case and considers the administration's request for more time. The appeal success came not even 12-hours after a federal court announced a blockage of the tariffs amid overuse of Presidential power. This week will be an interesting time for tariffs as the appeals process unfolds, but we are no closer to clarity on exactly what tariffs are allowed to remain and the implications on our locally listed companies.Retail sales fell by 0.1%, missing the forecasted 0.3% increase, with warmer weather contributing to reduced clothing purchases. Clothing and department store spend were the key contributors to the weaker-than-expected reading for April, while cafes and food related spend was still on the rise. Surprisingly, niche retailers like Accent Group and Universal Stores still rallied on Friday despite the retail spend figure being released.In data out this week, Q1 2025 GDP figures are also expected to show a slowdown in growth to 0.2%, down from 0.6% in Q4 2024, primarily due to weaker household consumption. Markets are now factoring in a 73% chance of a rate cut out of the RBA when it next meets in July, up from the 59% chance expected prior to the retail sales data being released. What to watch today:On the commodities front this morning, oil is trading 0.25% lower at US$60.79/barrel, gold is 0.9% lower at US$3288.58/ounce and iron ore is down 0.15% at U.S.$99.12/tonne.The Aussie dollar has weakened against the greenback to buy 64.37 U.S. cents, 92.57 Japanese yen, 47.76 British pence and 1 New Zealand dollar and 8 cents.Ahead of Monday's trading session here in Australia the SPI futures are anticipating the ASX will open the first trading session of June up 0.09%.Trading ideas:Bell Potter has decreased the 12-month price target on IPD Group (ASX:IPG) from $4.60 to $4.10 and maintain a buy rating on the leading Australian distributor of electrical equipment and industrial digital technologies, following the company provid
US equities declined overnight with all three major benchmarks in the red. The Dow Jones declined 0.58%, the S&P500 down 0.56%, while the Nasdaq dropped 0.51%. S&P500 futures are on the rise after Nvidia posted earnings that beat expectations, its price advancing more than 4% in after-hours trading, so this may mean good news for tech investors today. Keep watch of ASX- listed AI stocks such as WiseTech (ASX:WTC), Xero (ASX:XRO) or NextDC (ASX:NXT).European markets were also in the red, with the STOXX 600 closing 0.61% lower.Locally yesterday, the ASX200 declined 0.13%. Financial and materials took the biggest hit, while energy and real estate were in the lead, following a rise in the consumer price index for April, which was held at 2.4% YoY. The market consensus was for it to slow to 2.3%. The RBA is looking at the data closely to ensure inflation, which is now back in the Central Bank's target band, keeps tracking in the right direction.What to watch today:The Australian share market is set to open higher, with the SPI futures suggesting a 0.15% rise at the open this morning.In commodities,Crude oil has advanced 1.43%, currently trading at US$61.94 per barrel, as investors await an OPEC+ meeting expected to decide on increasing oil output. They'll likely approve a 411,000 barrel per day production hike for July, continuing a trend of accelerating supply growth following a similar increase planned for June.The price of gold is down 0.73%, trading at US$3,284.88 an ounce following the Fed's meeting minutes revealing concerns around inflation and labour market weakness.While iron ore is trading steady at US$99.39 per tonne.Trading ideas:Bell Potter see Telstra (ASX:TLS) shares as fully valued. They have maintained a Hold trading on TLS with an improved 12- month price target of $4.65, up 7%.And Trading Central have identified a bullish signal in Whitehaven Coal (ASX:WHC) indicating that the stock price may rise from the close of $5.68 to the range of $6.90 to $7.90 over 50 days, according to the standard principles of technical analysis.
Wall St was closed on Monday for the Memorial Day public holiday.In Europe on Monday, markets closed higher as investors welcomed the delay of U.S. tariffs on the region until July. The STOXX 600 rose 1%, Germany's DAX added 1.6%, the French CAC climbed 1.2%, and, in the UK, the FTSE100 was closed for a public holiday.Across the Asia markets to start the week, markets closed mixed as investors digested Trump's latest tariff move on the EU. South Korea's Kospi index jumped 2% to its highest level since 2024, while Hong Kong's Hang Seng fell 1.35%, China's CSI index lost 0.6% and Japan's Nikkei ended the day up 1%.Locally on Monday, the ASX200 closed flat as investor sentiment was once again dampened by Trump's tariff turbulence.The Trump rollercoaster took another loop again from Saturday to Monday. In the space of 2 days the US president announced and postponed new 50% tariffs on Europe, like he has done in recent times with China and other regions. While the step may be to prompt negotiation talks, the on-again-off-again tariffs reignited investor uncertainty on Monday which has prompted global market selloffs both late last week and locally to start the new weeks on a sour note.Uranium miners extended their rally from Friday following Trump's move to sign an executive order to ease the regulatory process for new nuclear reactors and enhance supply chains in attempt to ease dependence on China and Russia for uranium supplies and production. For companies like Boss Energy that has an interest in a South Texan mine, demand for Aussie uranium producers is set to rise following Trump's latest move, which boosts the growth outlook for such stocks in the eye of investors. Boss Energy rose 7.29% on Monday while Deep Yellow soared 13.65% to start the week on a strong note. What to watch today:On the commodities front this morning oil is trading 0.02% lower at US$61.52/barrel, gold is down 0.5% at US$3341/ounce and iron ore is down 0.08% at US$99.81/ounce.The Aussie dollar has weakened slightly against the greenback to buy 64.91 US cents, 92.68 Japanese Yen, 47.99 British pence and 1 New Zealand dollar and 8 cents.Ahead of Tuesday's session on the ASX, the SPI futures are anticipating the local market will open the new trading day up 0.32%. Trading Ideas:Bell Potter has initiated coverage of Region Group (ASX:RGN) with a buy rating and a 12-month price target of $2.65. The internally managed REIT and largest owner of Australian supermarket-based shopping centres has strong near-term income growth potential, underpinned by its liquidity and resilient income streams according to the analyst.And Trading Central has identified a bearish signal on Woolworths (ASX:WOW) following the formation of a pattern over a period of 8-days which is roughly the same amount of time the share price may fall from the close of $31.89 to the range of $29.60 to $30.10 according to standard principles of technical analysis.
Wall St closed higher on the first trading session of the holiday shortened trading week as investors welcome the delay in tariffs on the EU announced on Monday. The Dow Jones rose 1.78%, the S&P500 climbed 2.05% and the tech-heavy Nasdaq ended the day up 2.47%. Tesla shares rose 7% on Tuesday after Elon Musk said he is shifting his focus away from politics and back into his companies, while AMC's shares soared 22% after a record-breaking domestic box official over the Memorial Day long weekend that saw $326m spent at the movies over the highest holiday weekend ever.In Europe overnight markets closed mostly higher in the wake of tariff delays on the EU region. The STOXX 600 rose 0.33%, Germany's DAX gained 0.83% to close at a fresh record high, the French CAC fell 0.02% and, in the UK, the FTSE100 ended the day up 0.7%.Across the Asia region on Tuesday, markets closed mixed as investors continue to assess the global trade climate following Trump's delay to the EU tariffs until July. Japan's Nikkei rose 0.51%, South Korea's Kospi Index fell 0.27%, China's CSI index lost 0.54% and Hong Kong's Hang Seng ended the day up 0.43%.The local market started the week flat before rising on Tuesday as tech and the big banks buoyed the local index to a 0.56% rise at the closing bell yesterday.Capstone Copper (ASX:CSC) led the ASX200 gains yesterday with a rise of 6.72% amid the rising price of the commodity on the back of Ivanhoe halting production at Africa's largest copper mine due to seismic activity, pressuring supply side in a time where demand is escalating.Floods in the Northern NSW Hunter region have already hit IAG (ASX:IAG) with the insurance provider announcing yesterday it has received around 2500 claims related to the flooding. Earlier this month, IAG said its net natural perils claims were estimated to be approximately $900m to the end of April, which is around $250m lower than the year-to-date expectation. Shares in IAG rose 0.7% yesterday.Telstra shares rose yesterday after the telco giant reaffirmed FY25 guidance, expecting to hit the top end of free cash flow and capex targets, and launched its “Connected Future 30” strategy aiming for over 50% NPAT growth, stronger AI integration, and mid-single digit cash earnings CAGR by FY30.What to watch today:On the commodities front this morning, oil is trading 1.05% lower at US$60.88/barrel, gold is down 1.36% at US$3301/ounce and iron ore is down 0.08% at US$99.81/tonne.The Aussie dollar has weakened against the greenback to buy 64.48 US cents, 93.03 Japanese Yen, 48.06 British Pence and 1 New Zealand dollar and 8 cents.Ahead of the midweek trading session here in Australia the SPI futures are anticipating the ASX will open the day up 0.60% tracking Wall Street's rally on Tuesday.We have the all-important monthly CPI reading out today locally with markets expecting the annual inflation rate to fall to 2.2% for the 12-months to April.Trading ideas: Bell Potter has maintained a buy rating on Propel Funeral Partners (ASX:PFP) and have slight lowered the 12-month price target on the leading full-service funeral providers following an update including guidance that has a midpoint of around 8% miss to consensus expectations amid lower seasonality uplift in April and May. The company is well funded and has strong pricing power hence the buy rating, the downgrade in price target is simply due to the company navigating some short-term volatility.And Bell Potter has increased the 12-month price target on Wisetech Global (ASX:WTC) from $112.50 to $122.50 and maintain a buy rating on the leading logistics software provider following the recent acquisition announcement of e2open and a delay in the launch of Container Transport Optimisation to 1HFY26.
Wall Street re-entered sell off mode on Friday after President Trump threatened tariffs on the EU, which on Saturday turned to reality with a 50% tariff announced on the region set to come into effect from June 1. The Dow Jones lost 0.61% on Friday, the S&P 500 fell 0.67% and the tech-heavy Nasdaq ended the day down 1%.Apple shares fell 3% on Friday after Trump posted on Trump social that iPhones sold in the US must be made in the US and if they are not, a tariff of at least 25% must be paid by Apple.In Europe on Friday, markets closed lower amid threats of U.S. tariffs and on the back of corporate earnings results being released in the region. The STOXX600 fell 1%, Germany's DAX and the French CAC each lost 1.6%, and, in the UK, the FTSE100 ended the day down 0.2%.Across the Asia region on Friday, markets closed mixed as investors digested a slew of economic data released in the region. Japan's Nikkei rose almost half a percent, South Korea's Kospi index closed flat, while Hong Kong's Hang Seng and China's CSI index also each closed flat. Japan's core inflation rose to 3.5% in April boosted by surging rice prices and the BoJ pausing the assess tariff implications. Singapore's inflation for the same period came in at 0.7%, slightly higher than markets were expecting.Locally to end the last trading week, the ASX200 posted a second weekly gain as a pullback in bond yields and the outlook for further rate cuts out of the RBA boosted investor sentiment. On Friday, the ASX200 ended the session up 0.15% driven by a rally for tech and energy stocks.Uranium stocks surged on Friday on reports Trump will sign an executive order to ease the regulatory process for new nuclear reactors and enhance supply chains in attempt to ease dependence on China and Russia for uranium supplies and production. Boss Energy rose 12.82%, Paladin Energy climbed 7.02%, and Deep Yellow ended the day up 9.13%.What to watch todayOn the commodities front this morning, oil is trading 0.54% higher at US$61.53/barrel, gold is up 1.76% at US$3358/ounce and iron ore is down 0.08% at US$99.81/tonne.The Aussie dollar has strengthened against the greenback to buy 64.91 U.S. cents, 92.47 Japanese Yen, 47.97 British Pence and 1 New Zealand dollar and 8 cents.Ahead of Monday's trading session in Australia the SPI futures are anticipating the ASX will open the day down 0.36%.Trading ideasBell Potter has slightly lowered the 12-month price target on Duratec (ASX:DUR) from $1.95 to $1.80 and maintain a buy rating on the leading Australian infrastructure contractor following the company's release of a trading update outlining FY25 revenue guidance and EBITDA lower than previously expected attributed to delays in project awards and weather disruptions.Trading Central has identified a bearish signal on APA Group (ASX:APA) following the formation of a pattern over a period of 32-days which is roughly the same amount of time the share price may fall from the close of $8.13 to the range of $7.55 to $7.65 according to standard principles of technical analysis.
Wall Street closed lower for a second day on Wednesday as a spike in treasury yields prompted investors to sell equities on growing fears that a new US budget bill would place even more pressure on the country's already large deficit. The S&P500 fell 1.61%, the Nasdaq lost 1.41% and the Dow Jones ended the day down 1.91%. Across the European region on Wednesday, markets closed mixed as hotter-than-expected inflation out of the UK and a slew of corporate earnings results weighed on investor sentiment. The STOXX 600 fell 0.3%, Germany's DAX lost 0.2%, the French CAC slipped 0.3% and, in the UK, the FTSE100 ended the day down 0.2%. UK inflation data for April came in at a rise to 3.5%, topping expectations of a rise to 3.3%, which slashes hopes of a rate cut in the near term.Across the Asia region on Wednesday markets closed mostly higher led by South Korea's Kospi Index rising 0.91%, while China's CSI index rose 0.47%, and Hong Kong's Hang Seng gained 0.62%, but Japan's Nikkei ended the day down 0.61%. Locally on Wednesday, the ASX200 posted a 0.52% gain as investor optimism carried from the prior day and multiple factors boosted the local market. Investor sentiment was driven by the RBA's rate cut in Australia and outlook for more policy easing in months to come and, on a global scale, by China and the US making progress on the tariff negotiations front. Bond yields are also falling which drives investor appetite for equities and a rise in commodities fuelled investor appetite for materials and energy stocks yesterday so broadly it was a great day on the market. Nine of the 11 sectors ended today's session in the green led by energy and healthcare sectors rising around 1% each. Mayne Pharma shares tumbled near 30% on Wednesday amid uncertainty over the Cosette takeover offer. Cosette, a US pharmaceutical giant now believes there has been a material adverse change in the company's financial performance since the offer was first made in February including Mayne issuing weaker-than-expected earnings guidance and disclosed a potential US regulatory issue regarding its contraceptive pill. What to watch today:On the commodities front this morning, oil is trading 1.33% lower at US$61.21/barrel, gold is up 0.81% at US$3317.30/ounce and iron ore is flat at US$100.05/tonne. The Aussie dollar has further strengthened against the greenback to buy 64.34 US cents, 92.67 Japanese Yen, 48.01 British Pence and 1 New Zealand dollar and 8 cents. Ahead of Thursday's trading session the SPI futures are anticipating the ASX 200 will open the day down almost 1% tracking Wall Street's slide overnight. Trading ideas:Bell Potter has raised the 12-month price target on Catapult Group (ASX:CAT) from $4.40 to $5.00 and maintain a hold rating on the sports tracking and data technology company following the release of the company's results yesterday including revenue and gross profits for FY25 modestly ahead of BP expectations, as well as free cash flow of US$8.6m which was a positive surprise. And Trading Central has identified a bearish signal on Sims (ASX:SGM) following the formation of a pattern over a period of 41-days which is roughly the same amount of time the share price may fall from the close of $15.42 to the range of $11.60 to $12.30 according to standard principles of technical analysis.
Wall Street closed lower on Tuesday as investors await clarification on the tariffs front following a strong rally in recent weeks. The S&P500 fell 0.4%, the Dow Jones lost 0.27% and the tech-heavy Nasdaq ended the day down 0.38%. The recovery rally since Trump announced negotiations were underway with China has seen the S&P500 rally more than 20% since hitting an April low, so investors have just pulled back on Tuesday in anticipation for further clarification on the tariffs front.In Europe overnight, markets closed higher as strong corporate earnings results in the region boosted investor sentiment. The STOXX 600 rose 0.7%, Germany's DAX gained 0.3%, the French CAC added 0.75% and, in the UK, the FTSE100 ended the day up 0.9%.Across the Asia region on Tuesday, markets rose as investors assessed the latest rate cuts in the region including out of the RBA and the People's Bank of China trimming the 1-year loan prime rate from 3.1% to 3% and the 5-year to 3.5%. China's CSI index rose 0.57% on Tuesday, Hong Kong's Hang Seng gained 1.5%, Japan's Nikkei added 0.8% and South Korea's Kospi index ended the day flat.The local market closed 0.6% higher yesterday as investors welcomed the RBA's 25 basis point rate cut amid cooling inflation and escalating cost of living pressures.The RBA cut to 3.85% came despite the latest inflation reading and labour market data coming out of favour for a rate cut, however, the overall picture is positive for Australia's economic stability in taming inflation over the long-run.Rate sensitive sectors like tech and real estate stocks led the gains yesterday with the sectors rising 2.3% and 1.4% respectively.Technology One soared over 10% on Tuesday after the software giant increased its interim dividend by 30% on the back of strong revenue growth in the first half. Telstra shares also rallied after the telco giant said it would be raising prices, which is good for investors but not so great for customers.What to watch today:On the commodities front this morning, oil is trading 0.22% lower at US$62/barrel, gold is up 2.04% at US$3288/ounce and iron ore is down 0.08% at US$100/tonne.The Aussie dollar has weakened against the greenback overnight to buy 64.16 US cents, 92.75 Japanese Yen, 48.22 British Pence and 1 New Zealand dollar and 8 cents.Ahead of the midweek trading session the SPI futures are anticipating the ASX will open the day up 0.62%, extending on Tuesday's rally.Trading ideas:Bell Potter has maintained a hold rating on Technology One (ASX:TNE) and have raised the 12-month price target on the software giant from $31.00 to $35.50 following the release of 1H25 results including revenue and profit before tax topping BPe and FY25 guidance was slightly below BPe. The analyst maintains a hold rating as the new price target is a modest discount to the current share price.And Bell Potter has initiated coverage of AML3D (ASX:AL3) with a speculative buy rating and 12-month price target of 30cps with the analyst seeing the company is at an inflection point given accelerating demand from the US defence industrial base driving material increase in system sales over the next 3-years. AML3D is a welding, metallurgical science, robotics and software business that produces automated 3D printing systems that utilise Wire Additive Manufacturing technology.
Wall Street ended the first trading session of the new week in positive territory as investors overlooked the latest moody credit rating downgrade on the U.S. on Friday, and instead favoured optimism from the trade negotiation progress with China. The S&P500 rose 0.09% to post a 6th straight winning day, while the Nasdaq climbed 0.02% and the Dow Jones ended the day up 0.32%. The debt downgrade on Friday pushed bond yields higher early on Monday before they retreated in afternoon trade hence sending equities higher to start the week.Over in Europe on Monday markets in the region closed mostly flat ahead of key corporate earnings results out this week. The STOXX 600 closed flat, Germany's DAX rose 0.6% to yet another fresh record high, the French CAC fell 0.04%, and, in the UK, the FTSE 100 ended the day up 0.17%.Across the Asia markets on Monday, it was a sea of red as investors assessed the Moody's credit rating downgrade on the U.S. and latest slew of economic data out of China including retail sales data rising at a weaker rate than expected for April, while industrial output for the same period rose more than economists were expecting.Hong Kong's Hang Seng fell 0.05%, China's CSI index lost 0.5%, Japan's Nikkei fell 0.68% and South Korea's Kospi index ended the day down 0.89%. China's retail sales for April rose 5.1% in data out yesterday which fell short of expectations of a 5.8% rise and indicates the impact of sluggish post-pandemic era and tariffs on consumer spend in the region.Locally to start the new trading week, the ASX200 posted a 0.58% loss on Monday as a sharp selloff in energy and materials stocks weighed on the key index and investor sentiment ahead of the RBA's rate announcement today.What to watch today:The price of gold rebounded on Monday following Moody's downgrade of the US credit rating to AA1 from AAA amid mounting concerns over US economic outlook and growing budget deficit. Gold producers including Northern Star Resources, Evolution Mining and Ramelius Resources posted gains over 1%, 3% and 2% respectively.On a corporate level, we saw Domino's and Mineral Resources shares both slide yesterday after announcing respective changes at the board level, with Domino's Chief of Australia and NZ business, Kerri Hayman, stepping down in August after 37-years with the pizza giant, while Mineral Resources announced the appointment of Malcolm Bundey as successor to outgoing chairman James McClements, who will step away from the company's board in July.On the commodities front this morning, oil is trading 0.32% higher at US$62.69/barrel, gold is up 0.81% at US$3229.67/ounce, and iron ore is down 0.08% at US$100/tonne.The Aussie dollar has strengthened against the greenback overnight to buy 64.60 US cents, 93.53 Japanese yen, 48.30 British pence and 1 New Zealand dollar at 9 cents.Ahead of Tuesday's trading session in Australia the SPI futures are anticipating the market will open the day up 0.82%.Trading Ideas:Bell Potter has upgraded the rating on Paragon Care (ASX:PGC) from a hold to a buy and have a 12-month price target on the company of 52cps following the analyst seeing EPS growth in FY26 which is expected to drive all valuation metrics lower including the PE ratio to below 20x. Management are heavily invested in the long term success of the business and remain laser focused on delivery of the integration, according to the analyst.Trading Central has identified a bullish signal on Northern Star Resources (ASX:NST) following the formation of a pattern over a period of 19-days which is roughly the same amount of time the share price may rise from the close of $18.88 to the range of $24.50 to $24.50 according to standard principles of technical analysis.
Wall Street closed higher again on Friday as investors overlooked disappointing consumer sentiment data and continued to welcome progress on the trade talk front between China and the U.S. The S&P 500 rose 0.7% on Friday and 5.3% for the week, the Nasdaq gained 0.52% on Friday and 7.2% for the week and the Dow Jones ended the day up 0.78% and rose 3.4% for the week. The latest consumer sentiment reading out on Friday showed investor sentiment fell to the second lowest Level on record in the latest reading while consumer prices are also expected to rise 7.3% over the next year, up from reported 6.5% expected last month.Moody's downgraded the US credit rating on Friday though from AAA to AA1 citing concerns around rising US debt.Over in Europe on Friday, markets closed higher on Friday led by Germany's DAX rising 0.3% to another record high close, while the STOXX 600 gained 0.4%, the French CAC rose 0.42% and, in the UK, the FTSE100 ended the day up 0.6%.Across the Asia region on Friday, markets closed mixed as investors digested weaker-than-expected GDP data with a 0.2% contraction reported over the March quarter. Japan's Nikkei closed flat on Friday, Hong Kong's Hang Seng fell 0.46%, China's CSI index fell 0.4% and South Korea's Kospi index ended the day up 0.21%. China's stocks were weighed down by Alibaba missing earnings expectations on Friday.Locally on Friday, the ASX ended the week at a 3-month high after Australian economic data and global investor sentiment boosted markets to strong gains throughout the week. The ASX posted a 0.56% gain on Friday led by REIT stocks jumping 2.3%.Stock specific news, Appen soared 18.7% on Friday after unveiling full-year revenue target of between $235m-$260m.Uranium miners came under pressure on Friday with Boss Energy, Deep Yellow and Paladin falling over 6% each.What to watch today:On the commodities front this morning oil is up 0.13% at US$62.57/barrel, gold is up 1.12% at US$3240/ounce and iron ore is down 0.34% at US$100.08/tonne.The Aussie dollar has strengthened against the greenback to buy 64.13 US cents, 93.04 Japanese Yen, 48.23 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 0.08%.Trading ideas:Bell Potter has increased the 12-month price target on Temple & Webster from $15.60 to $21.00 and maintain a hold rating on the leading online homewares retailer after the company released a 2H trading update to-date with revenue growth of 18% on the PCP and EBITDA margins toward the top end of guidance. The hold rating is maintained as growth to $21.00/share is in-line with Bell Potter's hold rating criteria.And Trading Central has identified a bullish signal on GR Engineering Services following the formation of a pattern over a period of 49-days which is roughly the same amount of time the share price may rise from the close of $2.82 to the range of $3.30 to $3.40 according to standard principles of technical analysis.
We've had a strong start to the week with the S&P500 and the Dow up more than 4% and 1% respectively, and the Nasdaq advancing more than 6% with investors embracing AI and mega caps. Overnight the major benchmarks closed mixed, the Dow 0.2% in the red, while the S&P500 up 0.1% and the Nasdaq up 0.7%. And the 10 year Government bond yield hit a 3 month high in the last session.European markets were all lower with the STOXX600 down 0.24%. Locally yesterday, the ASX200 closed in the green with energy and information technology leading market gains.What to watch today:Australian shares are expected to end a 6- day winning streak today, ahead of jobs data. The SPI futures are suggesting the market will drop 0.43% at the drop this morning.In economic data today, the unemployment rate for April will be released as well as consumer inflation expectations for May.In commodities, Cruide oil is 1.7% lower at US$62.59 per barrel, ending a four-day rally as traders likely took profits amid a surprise rise in US crude inventories and renewed demand concerns. The price of gold is down more than 2% at US$3,181.98 an ounce, as easing trade tensions between the US and China continued to weigh on its safe-haven appeal.And iron ore is up 1.25% at US$100.75 per tonne.Trading Ideas:Bell Potter have downgraded athlete tracking solutions company Catapult Group (ASX:CAT) from a Buy to a Hold and have increased their price target from $4.00 to $4.40. Trading Central have identified a bullish signal in Sevcorp (ASX:SRV) indicating that the stock price may rise from the close of $5.26 to the range of $5.52 to $5.58 over 28 days according to the standard principles of technical analysis.
The biggest disconnect in scoring between Andrew and Nico we've seen so far, and we're 124 episodes in so that tells you something. Just not sure what that something is.
Wall St closed mostly higher again on Tuesday as soft inflation data and progress on the trade talk front continue to boost investor sentiment. The S&P500 rose 0.72%, the Nasdaq gained 1.61% and the Dow Jones fell 0.64% as United Health declined 17% to pressure the benchmark index. US CPI data for April came in at an increase of 2.3% on an annual basis which was lower than economists' were expecting and indicate the US inflation journey remains under control despite fears of tariffs boosting CPI.In Europe overnight, markets in the region closed slightly higher as uncertainty over global trade outlook remains positive amid China and the US agreeing to a temporary deal. The STOXX 600 rose 0.07%, Germany's DAX added 0.23% to close at another fresh record high, the French CAC gained 0.3%, and, in the UK, the FTSE 100 ended the day flat.Across the Asia region on Tuesday, markets closed mixed as investor outlook beyond the 90-day US China tariff deal remains uncertain. Hong Kong's Hang Seng fell 1.87%, China's CSI index rose 0.15%, India's Nifty 50 fell 1.27% and Japan's Nikkei ended the day down 1.43%.The local market hit an 11-week high yesterday, ending Tuesday's session up 0.43%, taking lead from the global market rally on Monday as investors welcomed the latest deal tariff between China and the US.With the outlook for lower tariffs on imports into the US from China and vice versa, investors regained appetite for risk and growth stocks, while investors sold out of safe-haven assets like the banks and gold.Mining giants recovered yesterday with the rising price of oil and iron ore fuelling investor appetite for BHP (ASX:BHP), Woodside (ASX:WDS), Rio (ASX:RIO) and Santos (ASX:STO).Location tracking tech giant Life 360 (ASX:360) soared over 10% yesterday after releasing record Q1 results including a 33% increase in total subscription revenue to US$81.9m, a 32% increase in total revenue to US$103.6m and positive operating cash flow of US$12.1m, up 13% YoY, and the company ended the quarter with cash, cash equivalents and restricted cash of US$170.4m. What to watch todayOn the commodities front this morning oil is trading 2.76% higher at US$63.66/barrel, gold is up 0.41% at US$3249/ounce and iron ore is up 1.22% at US$99.75/tonne.The Aussie dollar has strengthened against the greenback overnight to buy 64.76 US cents, 95.50 Japanese Yen, 48.69 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 0.22%. Before the bell this morning CBA (ASX:CBA) released its Q3 trading update including cash profit for the quarter of $2.6bn which is flat on 1H25 quarterly average and up 6% on the PCP, while operating income rose 1% and operating expenses also rose 1%. Net interest income for the big bank rose 1% while the net interest margin was stable.Trading ideas:Bell Potter has increased the 12-month price target on JB Hi-Fi (ASX:JBH) following the release of the company's Q3 trading update including sales up 6% on the PCP, while outlook for Q4 remains strong and the company remains as one of the most productive retailers globally.And Trading Central has identified a bullish signal on AMP (ASX:AMP) following the formation of a pattern over a period of 50-days which is roughly the same amount of time the share price may rise from the close of $1.32 to the range of $1.56 to $1.62 according to standard principles of technical analysis.
Wall Street started the new trading week significantly higher as investors welcomed the temporary progress in trade talks between China and the US. The Dow Jones rose 2.81%, the S&P500 climbed 3.26% and the tech-heavy Nasdaq ended the day up 4.35%. Shares in companies that rely on production and supply chain elements from China like Tesla, Apple and Nvidia had investors buying in on Monday with each rising over 5%.The latest update from the China and US trade talks is that both nations have agreed to cut their respective tariffs on one another for 90-days, with tariffs on Chinese imported goods into the US to be 30% and tariffs on US good into China to be 10% for the period.In Europe overnight, markets also closed higher in the region as global investors welcomed progress on the global trade front. The STOXX 600 rose 1.1%, Germany's DAX climbed 0.2% to another fresh record high, the French CAC added 1.4% and, in the UK, the FTSE100 ended the day up 0.6%.Across the APAC region on Monday, markets rallied after the US and China temporary trade deal was unveiled. Hong Kong's Hang Seng rose 2.98%, China's CSI index climbed 1.16%, India's Nifty 50 gained 3.5%, and Japan's Nikkei ended the day up 0.38%.Locally to start the week, the ASX200 posted a 0.03% rise to start the new trading week as weakness among pharmaceutical stocks weighed on strong gains for the big miners amid progress in talks between China and the US.Trump's latest pharmaceutical tariff announcement hit locally listed healthcare providers hard this week with Botanix, Neuren, Telix and Clarity all dropping over 5% on Monday. Trump's latest move in the healthcare space is that he wants to cut the price of prescription drugs which will in-turn hurt the margins made by any pharmaceutical producer selling their treatments in the US.As progress talks between the US and China continue to make headway, safe-haven stocks were on the chopping block yesterday as market uncertainty begins to ease. Gold stocks retreated with Evolution Mining, Northern Star Resources and Genesis Minerals each fell over 3%.What to watch today:On the commodities front this morning oil is trading 1.61% higher at US$62/barrel, gold is down 2.65% at US$3236/ounce and iron ore is up 1.22% at US$99.75/tonne.The Aussie dollar has weakened against the greenback overnight to buy 63.70 US cents, 94.53 Japanese Yen, 48.57 British Pence and 1 New Zealand dollar and 9 cents.Ahead of Tuesday's trading session here in Australia the SPI futures are anticipating the ASX will open the day up 1.17% tracking global market strength overnight. Trading Ideas:Bell Potter has raised the 12-month price target on REA Group (ASX:REA) from $264 to $267 and maintain a buy rating on the leading online real estate platform following the release of the company's Q3 update including double-digit revenue growth, and strong yield growth which is set to continue amid the rate cut outlook.Trading Central has identified a bearish signal on Technology One (ASX:TNE) following the formation of a pattern over a period of 25-days which is roughly the same amount of time the share price may fall from the close of $31.62 to the range of $23.25 to $24.75 according to standard principles of technical analysis.
Wall St had a negative end to the week last week as investors awaited clarity on US-China trade talks and the Fed held the US cash rate steady amid outlook for tariff implications sparking an inflationary rebound in the world's largest economy. The Dow Jones fell 0.3%, the S&P500 lost 0.07% and the tech-heavy Nasdaq ended the day flat.This morning, Trump has declared great progress after high-level trade talks began with China over the weekend, with the US president claiming the meeting as a ‘total reset' in the trade war which positions the markets for a strong start to the new trading week.In Europe on Friday, markets closed higher as investors hold high hopes of a positive outcome from the US and China's trade negotiations. The STOXX 600 rose 0.44%, Germany's DAX closed at a record high up 0.63%, the French CAC rose 0.64% and, in the UK, the FTSE 100 ended the day up 0.3%.Across the Asia region on Friday, markets closed mixed as investors digested the latest economic data out of China and awaited key trade talks between the US and China over the weekend. Japan's Nikkei rose 1.56% on Friday, China's CSI index fell 0.17%, Hong Kong's Hang Seng climbed 0.4% and South Korea's Kospi index ended the day up 0.09%.Locally to end the week, the ASX 200 ended the week with a positive session on Friday as the key index rose 0.48% boosted by a strong tech and financial rally, but for the week the ASX 200 posted a slight decline of 0.08%. Healthcare stocks took the biggest hit over the last 5-trading days as investors fled the sector over concerns of Trump's pharmaceuticals tariffs set to be rolled out over the coming weeks.Liontown Resources soared 195 on Friday after the lithium producer released 2-key trading updates this week that were well received by investors, despite the spot price of lithium carbonate sinking to a four-year low this week.And Chrysos Corporation soared almost 18% on Friday after signing an agreement with gold production giant Newmont Corporation that will see Chrysos' PhotonAssay technology used for Newmont's gold mining projects.What to watch today:On the commodities front this morning, oil is trading 0.67% higher at US$61.43/barrel, gold is down 1.3% at US$3282/ounce and iron ore is up 0.33% at US$98.55/tonne.The Aussie dollar has strengthened against the greenback to buy 64.29 US cents, 93.79 Japanese Yen, 48.57 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 up 0.19% amid positive sentiment from progress on the global trade war front.Trading Ideas:Bell Potter has increased the rating on Catalyst Metals from a hold to a buy and have raised the 12-month price target on the gold producer following the acquisition of the Old Highway gold project for $32.5m cash from Sandfire Resources. With 2.1 million tonnes at 3g/t containing 206koz gold, and a higher-grade underground component, the project adds significant upside to Catalysts' portfolio and value.Trading Central has identified a bullish signal on Super Retail Group following the formation of a pattern over a period of 45-days which is roughly the same amount of time the share price may rise from the close of $14.14 to the range of $15.10 to $15.40 according to standard principles of technical analysis.
US equities all closed higher overnight after a volatile session as the Federal Reserve signalled that the risks for an economic slowdown and higher prices are increasing. The Dow Jones gained 0.7%, boosted by a nearly 11% jump in Disney shares following their fiscal second quarter report which saw a surprising increase in subscriber numbers. The S&P500 gained 0.43% while the Nasdaq gained 0.27%.Additionally, the Federal Open Market Committee held its held its benchmark overnight borrowing rate in a range between 4.25% to 4.5%, where it has been since December. Rates were held steady, with officials adopting a wait-and-see approach amid growing fears of economic stagnation fuelled by President Trump's tariffs.European markets all closed in the red with corporate earnings the main focus for investors. The STOXX600 closed 0.5% lower.Locally yesterday, the ASX200 gained 0.33% with energy and real estate in the lead, while healthcare and tech were the only two sectors to close in the red.What to watch today:The SPI futures are suggesting our local market will rise slightly, up 0.1% at the open this morning.In commodities,Crude oil is trading almost 2% lower at US$57.93 per barrel, hovering near four-year lows due to muted optimism ahead of upcoming U.S.-China trade talks. The Federal Reserve held interest rates steady, as officials adopt the wait-and-see approach on tariffs.The price of gold is 1.07% lower at US$3,364.21 an ounce with the rising risks of both inflation and unemployment, reinforcing a cautious stance on future rate adjustments.And iron ore is up 0.7% at US$99.33 per tonne.Trading Ideas:Bell Potter maintain a BUY rating on Bega Cheese (ASX:BGA) with a 12- month price target of $7.00. At BGA's current share price of $5.93, this implies 18% share price growth in a year.And Trading Central have identified a bullish signal in New Hope Corporation (ASX:NHC) indicating that the stock price may rise from the close of $3.75 to the range of $4.21 - 4.31 over 33 days according to the standard principles of technical analysis.
In the US on Tuesday, Wall St continued its sell-off as investors await further clarity on the global trade and tariff front. The Dow Jones fell 0.95%, the S&P500 lost 0.77% and the tech-heavy Nasdaq ended the day down 0.87%. Tesla shares came off 1.8% on Tuesday after the company's new car sales in Britain and Germany fell to their lowest in more than two years last month despite growing consumer demand for electric vehicles.In Europe overnight, markets in the region closed mostly lower as investors continue to monitor corporate earnings results and uncertainty around the US trade outlook. The STOXX 600 fell 0.18%, Germany's DAX lost 0.4%, the French CAC fell 0.4% and, in the UK, the FTSE100 ended the day up just 0.01%.Across Asia on Tuesday, markets closed mixed as investors in the region continue to assess the unfolding trade situation between the US and key trade partners like China. China's CSI index rose 1.01%, Hong Kong's Hang Seng added 0.7%, India's Nifty 50 fell 0.3%, and Japan's Nikkei was closed for a public holiday.The local market started the new trading week with a sell-off that ended a 7-day winning streak for the ASX200 after key trading updates and uncertainty around tariffs and trade deals weighed on investor sentiment. On Tuesday the key index ended the day down 0.1% as healthcare and the banking stocks weighed on the key index.An increasing amount of locally listed companies have been updating the market with tariff implication expectations and unclear outlook notes that have increased investor panic in recent days. Wisetech Global (ASX:WTC) fell over 2.5% after warning of potential demand risks from tariffs as the latest company to report uncertain outlook.Tabcorp (ASX:TAH) bucked the volatility yesterday with a rise of 9% after the gaming and wagering company announced the wagering market remains strong with a modest improvement to the turnover trend in the wagering market, indicating consumer demand remains strong despite broader volatility.What to watch today:On the commodities front this morning oil has rebounded to trade 3.3% higher at US$59/barrel, gold is up 2.46% at US$3416/ounce and iron ore is down 0.8% at US$97.41/tonne.The Aussie dollar has further strengthened against the greenback to buy 64.94 US cents, 92.51 Japanese Yen, 48.33 British Pence and 1 New Zealand dollar and 8 cents.Ahead of the midweek trading session here in Australia the SPI futures are anticipating the ASX will open the day down 0.38% tracking Wall Street's losses overnight.Trading Ideas:Bell Potter has downgraded the rating on Platinum Asset Management (ASX:PTM) from a hold to a sell after the funds manager released April's results including FUM falling $629m or 6.1% to $9.647bn.And Trading Central has identified a bearish signal on Lovisa (ASX:LOV) following the formation of a pattern over a period of 21-days which is roughly the same amount of time the share price may fall from the close of $24.85 to the range of $19 - $20 according to standard principles of technical analysis.
Wall St started the new trading week lower, with the S&P500 snapping a 9-day winning streak as investors continue to monitor the latest global trade developments. The S&P500 fell 0.64%, the Nasdaq lost 0.74% and the Dow Jones ended the day down 0.24%. Sentiment slightly rose after a report outlined that India has proposed zero tariffs on steel, auto components and pharmaceuticals, while investors still remain cautious about the timeline and exact scope of tariff agreements between the US and key trade partners.In Europe overnight markets in the region closed mixed as investors look ahead to key economic data out in the region. The STOXX 600 rose 0.16%, Germany's DAX climbed 1.1%, the French CAC fell 0.55% and, in the UK, the FTSE 100 was closed for a holiday.Across the Asia region on Monday, markets rose after China said it was evaluating possible trade talks with the US as the ongoing tariff war continues to unfold. China's markets were closed for a public holiday while Hong Kong's Hang Seng rose 1.74%, Japan's Nikkei added 1.04%, India's Nifty 50 climbed 0.21% and South Korea's Kospi Index ended the day up 0.12%.Locally to start the new week, the ASX200 fell 1% to snap a 7-day winning streak as weaker-than-expected results out of Westpac weighed on the financial sector and dented overall investor sentiment.Westpac (ASX:WBC) kicked off the results release for the big banks with first half profit sliding 1% on 1H24 amid rising geopolitical risks and a highly competitive mortgage market. The bank's net interest margin, where most of profits are made, also fell 1bps to 1.88%. On release of the results WBC shares fell over 2% while all big bank stocks also retreated on Monday.Gold Road Resources (ASX:GOR) climbed almost 10% on Monday after coming out of a trading halt and addressing speculation it had received a takeover and entered into a takeover offer with Gruyere Holdings to acquire 100% of issued and outstanding shares in Gold Road by way of a scheme of arrangement valuing Gold Road at around $3.7bn. What to watch today: On the commodities front this morning, oil is trading 1.88% lower at US$57.19/barrel, gold is up 2.87% at US$3332/ounce and iron ore is down 0.8% at US$97.41/tonne.The Aussie dollar has further strengthened against the greenback to buy 64.66 US cents, 92.94 Japanese Yen, 48.76 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 0.26% extending on yesterday's losses. Trading Ideas:Bell Potter has reduced the 12-month price target on Chrysos Corporation (ASX:C79) from $4.70 to $4.40 and maintain a hold rating on the global mining assay service provider following the release of the company's May 2025 trading update including revenue beating BPe for the latest quarter, and 5 units being deployed with revenues expected to start generating from these units by the end of FY25. The slight downgrade of the price target is due to recent contract wins outpacing deployment and revenue tracking at the lower end of the guidance range.And Trading Central has identified a bullish signal on Light & Wonder (ASX:LNW) following the formation of a pattern over a period of 22-days which is roughly the same amount of time the share price may rise from the close of $142.03 to the range of $156 to $160 according to standard principles of technical analysis.
Wall St ended the last trading week on a high after better-than-expected nonfarm payrolls data for April eased recession fears and lifted the S&P500 to its longest winning streak in over 2-decades. The S&P500 gained 1.5% on Friday, the Dow Jones rose 1.4% and the Nasdaq ended the day up 1.51%. Payrolls in the US grew by 177,000 in April, well above the 133,000 economists were expecting in a sign the labour market remains strong despite recession fears amid the Trump tariff turmoil.Across the European region on Friday, markets closed higher on better-than-expected economic data and on trade war de-escalation between China and the US. The STOXX 600 rose 1.7%, Germany's DAX added 2.62%, France's CAC rose 2.33% and, in the UK, the FTSE100 ended the day up 1.17%.Asia markets ended the week in the green as trade talks between China and the US continue to make progress. Hong Kong's Hang Seng rose 1.74%, India's Nifty 50 rose 0.21%, Japan's Nikkei added 1.04%, and South Korea's Kospi Index ended the day up 0.12%.Locally on Friday, the ASX200 ended the week on a high a gain of 1.1% boosted by strength among tech stocks following a strong night for the Nasdaq on Thursday night despite gloomy earnings out of Amazon, Block and Apple.Corporate Travel Management (ASX:CTD) tumbled 9.2% on Friday after saying it expects to report lower revenue and earnings growth due to the initial impact of tariffs on client demand, while Block sank 25.9% after the digital payments provider lowered its full year guidance. What to watch today:On the commodities front this morning, oil is trading 3.6% lower at US$56.24/barrel, gold is up 0.14% at US$3244/ounce and iron ore is down 1.07% at US$98.19/tonne.The Aussie dollar has further strengthened against the greenback to buy 64.53 US cents, 93.38 Japanese Yen, 48.56 British Pence, and 1 New Zealand dollar and 8 cents.Ahead of Monday's trading session, the SPI futures are anticipating the ASX will open the day up 0.4% to extend on last week's gains.Trading Ideas:Bell Potter has raised the 12-month price target on Woolworths Group (ASX:WOW) from $30.75 to $31.85 and maintain a hold rating on the supermarket giant following the release of the company's Q3 results including 3.2% YoY sales growth on a group level, while Australian food revenues rose 3.6% and Australian B2B business revenues rose 6.4%. NZ food sales rose just 1.8% YoY and W Living sales fell 2.6% YoY. The reason for the maintenance of the hold rating is that Woolworths is currently trading on a multiple consistent to Coles and the analyst feels it is difficult to see the catalyst to return the rating to a premium compared to Coles at present.And Bell Potter has reduced the rating on SGH (ASX:SGH) from a buy to a hold and have reduced the 12-month price target on the company from $57 to $54.50 following a mixed outlook in the company's operating divisions. While equipment orders are lifting, aggregate prices are falling and the construction market remains flat in recent months. Trading on a 20.3x FY26 PE, the analyst believes SGH is currently fairly valued.
Wall St closed mixed on Wednesday following the release of US GDP data for Q1 that indicated economic contraction of 0.3% QoQ which is well below the 2.4% expansion reported in Q4 and below economists' expectations of a 0.5% rise in GDP for the latest reading. The slide in GDP enhanced investor fears of a US recession which impacted equities on Wednesday. The Dow Jones rose 0.35%, and the S&P500 gained 0.15% but the Nasdaq ended the day down 0.09%. Consumer confidence, JOLTs Job Openings and the personal spending index all in the US were also released for the latest period overnight with each coming in poorer than economists' were expecting.European markets closed higher on Wednesday as investors reacted to worse-than-expected economic data out of the US. The STOXX 600 rose 0.46%, Germany's DAX gained 0.32%, the French CAC added 0.32% and, in the UK, the FTSE100 ended the day up 0.37%Asia Markets closed mixed on Wednesday as investors digested an array of key economic data out in the region and ahead of the Bank of Japan's rate meeting kicking off. Japan's Nikkei rose 0.57%, Hong Kong's Hang Seng gained 0.51%, and China's CSI index fell 0.12% after China's manufacturing activity dropped more than expected in April to enter contraction territory.Locally on Wednesday, the ASX extended its rally into the midweek session with a gain of 0.7% taking lead from Wall Street's strength on Tuesday. Real estate stocks led the gains on Wednesday while other rate sensitive sectors like Tech and consumer discretionary stocks posted notable gains.Australia's latest inflation reading for the March Quarter was released yesterday with monthly inflation rising 0.9% while the annual rate remained at 2.4%. Trimmed mean inflation fell to 2.8% in the quarter which is now back within the RBA's target 2-3% range. Markets are expecting a 62% chance of a rate cut to be announced at the next RBA meeting in May prior to the CPI reading release yesterday.Gold producer Northern Star Resources (ASX:NST) extended its sell-off yesterday after the gold giant lowered its output guidance for FY25, while Ora Banda (ASX:OBM) also tumbled over 6% after also lowering full-year production guidance.What to watch today:Ahead of Thursday's trading session the SPI futures are anticipating the ASX will open the first session of the new trading month down 0.34% following Wall Street's turbulence overnight.On the commodities front this morning oil is trading 3.42% lower at US$58.35/barrel, gold is down 1.13% at US$3279/ounce and iron ore is down 0.1% at US$99.76/tonne.The Aussie dollar has strengthened against the greenback overnight to buy 64.08 US cents, 91.62 Japanese Yen, 47.61 British Pence and NZ$1.08.Trading Ideas:Bell Potter has downgraded the rating on Regis Resources (ASX:RRL) from a buy to a hold and have raised the 12-month price target to $4.57 on the gold producer following the release of the company's March quarter report which beat BPe on production and costs. The downgrade to a hold is simply due to recent share price appreciation.Trading Central has identified a bullish signal on Autosports Group (ASX:ASG) following the formation of a pattern over a period of 97-days which is roughly the same amount of time the share price may rise from the close of $1.94 to the range of $2.11 to $2.17 according to standard principles of technical analysis.
The recent rally on Wall St extended into Tuesday's session as investor optimism was boosted by the White House saying a major trade deal is close to being announced. The S&P500 rose 0.58% to notch a 6th straight winning session, while the Dow Jones rallied 0.75% to also post a 6th straight winning day, and the Nasdaq ended the day up 0.55%.In Europe overnight, it was a sea of green as investors responded to corporate results out in the region including Lufthansa posting a revenue beat, Deutsche Bank reporting a 39% rise in first-quarter profit and HSBC topping profit expectations. The STOXX 600 rose 0.4%, Germany's DAX added 0.1%, the French CAC gained 0.8% and, in the UK, the FTSE100 ended the day up 0.6%.Across the Asia region on Tuesday, markets closed mixed as investors assessed corporate earnings results and Trump's move to reduce automotive tariffs. China's CSI index ended down 0.17%, while Hong Kong's Hang Seng rose 0.16% and South Korea's Kospi index ended the day with a gain of 0.65%.The local market started the new trading week in positive territory with the ASX200 hitting a 2-month high to end Tuesday's session up 0.9%. Trump's tariff concerns remain in the background of investor concerns right now but are being overlooked ahead of the all-important local inflation reading out today and ahead of the RBA's anticipated rate cut to come in May. Yesterday we had further clarity out of the US that negotiation talks on tariffs between China and the US are progressing and Trump reduced the tariff he recently imposed on automotive sales.The recent uranium stock rally extended yesterday as the price of the commodity rose 0.6% to US$67/pound, but more of the gains can be explained by Boss Energy's (ASX:BOE) driving force after the uranium producer reported its first quarter of free cash flow generation and that output and costs had met or beat expectations. Boss Energy rose over 14% on Tuesday, Deep Yellow (ASX:DYL) gained 11.71%% and Paladin Energy (ASX:PDN) ended the day up 8.5%.Elsewhere in the mining space, Mineral Resources (ASX:MIN) surged over 12% on Tuesday despite releasing a quarterly update including iron ore output guidance slashed again and the company burnt through $300m of cash in the quarter.What to watch todayOn the commodities front:Oil is down 2.64% at US$60.41/barrel, gold is down 0.6% at US$3317.80/ounce and iron ore is flat at US$99.91/tonne.The Aussie dollar is buying 63.86 US cents, 90.90 Japanese Yen, 47.86 British Pence and 1 New Zealand dollar and 8 cents.Ahead of the midweek trading session here in Australia the SPI futures are anticipating the ASX will open the day up 0.35% tracking global market gains overnight.Also today we will receive the latest March quarter inflation reading with the market forecasting an uptick of 0.8% in the reading, which will indicate inflation continues to ease and provides the RBA with further support for a rate cut at the next meeting in May.Trading IdeasBell Potter has downgraded the rating on Catalyst Metals (ASX:CYL) from a buy to a hold and have raised the 12-month price target on the gold production and development company following the release of the company's Q3 results including total gold production of 24.3koz at AISC of A$2765/ounce. With growth on the horizon, the downgrade to a hold is simply on the grounds of current valuation of the company being within the Bell Potter hold criteria.And Trading Central has identified a bullish signal on Perenti (ASX:PRN)following the formation of a pattern over a period of 40-days which is roughly the same amount of time the share price may rise from the close of $1.38 to the range of $1.58 to $1.62 according to standard principles of technical analysis.
Wall St closed higher on Friday as investors continue to navigate the evolving situation on a global trade front while the big tech names got a welcome boost following a sell-off in recent times. The S&P500 rose 0.74% on Friday for a fourth straight winning session while the Nasdaq gained 1.26% and the Dow Jones ended the day up 0.05%.Over in Europe on Friday, markets closed higher as earnings reports out in the region were well-received by investors despite ongoing trade uncertainty. The STOXX 600 rose 0.35%, Germany's DAX added 0.8%, the French CAC added 0.45%, and in the UK, the FTSE100 ended the day up 0.1%.Across the Asia region to end the week markets closed mostly higher as investors continue to assess the possibility of easing trade war tensions between China and the US. Hong Kong's Hang Seng rose 0.24%, China's CSI index closed flat, Japan's Nikkei rose 1.9% and South Korea's Kospi index ended the day up 0.95%.Locally on Thursday the ASX200 rose 0.6% to end the holiday shortened trading week up 2.3% as investor optimism around a rate cut out of the RBA in May boosted investor sentiment. While Trump's tariff moves continue to weigh on investor sentiment, we are seeing certain companies rally from exemptions like ResMed (ASX:RMD) soaring 8.5% on Thursday after revealing its sleep apnoea devices have received an exemption from Trump's tariffs. Uranium miners also rallied on Thursday with Paladin Energy (ASX:PDN) jumping 12% after announcing record production at its Langer Heinrich mine in Namibia.What to watch todayAhead of Monday's trading session in Australia the SPI futures are anticipating the ASX will open the day just 0.02% higher.On the commodities front this morning oil is trading 0.71% higher at US$63.44/barrel, gold is down 0.26% at US$3311/ounce and iron ore is down 0.06% at US$99.92/tonne.The Aussie dollar has further strengthened against the greenback to buy US$0.64, 91.93 Japanese Yen, 48.10 British Pence and NZ$1.07.Trading IdeasBell Potter has slightly reduced the 12-month price target on Seek (ASX:SEK) from $27.00 to $25.80 and maintain a buy rating on Australia's leading online jobs advertisement platform following a mixed month of jobs report for March. For the month, Seek's employment report for Australia outlined an accelerating decline for job ads, down 12.8% YoY on platform and the ABS' internet job ad vacancy index also worsened for March, down 16.3%. Despite the weakness in the ABS data, Seek is significantly outperforming ABS data.And Trading Central has identified a bullish signal on Autosports Group (ASX:ASG) following the formation of a pattern over a period of 55-days which is roughly the same amount of time the share price may rise from the close of $1.83 to the range of $2.00 to $2.06 according to standard principles of technical analysis.
US equities closed missed overnight, with the Dow Jones up 0.28%, the S&P500 up 0.06% and the Nasdaq slightly lower just 0.1%. S&P500 futures are pointing lower this morning, after the index posted five straight winning sessions. Investors are preparing for earnings week, with approximately a third of S&P500- listed firms posting results. European markets were all higher with the FTSE 100 posting its best winning streak in over 5 years. Yesterday our local market advanced 0.36% with 10 of the 11 industry sectors in the green. Energy and technology advanced the most, while materials was the only sector to close lower. Iluka Resources (ASX:ILU) lead the market rally, while healthcare companies Clarity Pharmaceuticals (ASX:CU6) and Telix Pharmaceuticals (ASX:TLX) declined the most. What to watch todayThe Australian market is set to open higher this morning, with the SPI futures suggesting a 0.21% rise at the open this morning. In commodities, Crude oil is trading 1.57% lower at around US$62.00 per barrel, as tariff- driven growth concerns threatened to dampen fuel consumption, while supply surged. OPEC+ surprised markets by adding approximately 411,000 barrels per day in May, reversing much of last year's cutbacks. The gold price is up 0.57% at US$3,338.85 an ounce, boosted by bargain hunting and cautious sentiment ahead of key US economic data, as well as US- China trade developments. And iron ore is currently steady at US$99.91 per tonne. Trading IdeasBell Potter maintains a Buy rating on mining contractor and operator Develop Global (ASX:DVP). Their price target remains unchanged at $4.00 and at DVP's current share price of $2.71 this implies 48% share price growth in a year. And Trading Central have identified a bearish signal in Lendlease Group (ASX:LLC) indicating that the stock price may fall from the close of $5.08 to the range of $4.05 - $4.25 over 18 days, according to the 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
TOP NEWS | On today's Daily Signal Top News, we break down: Former President Donald Trump officially wins the 2024 presidential election. Republicans take control of the Senate and are projected to win the House. Kamala Harris concedes. 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: It's election night, and Vice President Kamala Harris and former President Donald Trump neck and neck in the polls. Police board up DC ahead of potential violence in the aftermath of the election. New York Times tech staffers went on strike this week and remain on strike on this Election Day Tuesday. Several left-wing district attorneys could soon find themselves out of a job. Elon Musk warns that if Kamala Harris wins the presidential election, she might shut down X. 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: Donald Trump and Kamala Harris make their final appeals to voters. The Harris campaign is in trouble with the Federal Communications Commission over her SNL appearance. Trump faces backlash after a remark he made in Lititz, Pennsylvania about the “fake news.” 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: The corporate media claims former President Donald Trump suggested during a campaign event that Liz Cheney should have guns "trained on her face." Mark Cuban is a businessman and a vocal Harris supporter. During an interview on ABC's “The View,” Cuban claimed Trump never has inteligent women around him. In October, the U.S. economy added 12,000 jobs. But Dow Jones has estimated 100,000 jobs would be added in October. Relevant Links https://hotair.com/ed-morrissey/2024/10/31/rip-jazz-shaw-1959-2024-n3796530#google_vignette 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: Pollster Frank Luntz says Biden's ‘garbage' comment might damage Harris' campaign. Trump says he will “protect the women whether they like it or not.” Multiple concerns over voter fraud are being raised less than a week before the election. Relevant Links https://justthenews.com/accountability/whistleblowers/retribution-irs-agent-who-blew-whistle-biden-family-given-ultimatum 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: Kamala Harris makes her closing argument on the National Mall Tuesday. Biden calls Trump supporters “garbage” on Tuesday. Sen. JD Vance tells The Daily Signal transgender medical interventions for minors are “crazy” at a rally in Holland, Michigan, on Tuesday. Muslim Americans in Dearborn, Michigan, say they are unsure how they will cast their vote. The Supreme Court grants an emergency stay allowing Virginia to keep illegal aliens off the voter rolls. 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: Virginia may not be able to prevent non citizens from illegally voting in the Nov. 5 elections. Hillary Clinton likens Donald Trump to Adolf Hitler for holding a rally at Madison Square Garden. Speaker of the House, Mike Johnson, and Republican Senate Leader, Mitch McConnell, slam Kamala Harris for “dangerous rhetoric” about Donald Trump. The Washington Post will not endorse a presidential candidate for the first time in 40 years. The majority of Americans support requiring photo ID to vote. 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 MSNBC "Anti-trans attack ads haven't won the GOP anything. Dems should stop acting scared." Wapo: Republicans lean into anti-transgender message in closing weeks AP: GOP candidates use anti-trans rhetoric to rally Christian base
TOP NEWS | On today's Daily Signal Top News, we break down: During a CNN town hall, Kamala Harris addresses concerns on a number of policy issues - including two that are top of mind for voters - the economy and immigration. Israel continues in an aggressive campaign against Hamas and Hezbollah. Doug Emhoff's ex-girlfriend claims that Emhoff once slapped her so hard she spun around. Relevant Links: https://www.dailysignal.com/2024/10/23/fact-checking-kamala-harris-cnn-town-hall/ https://www.post-gazette.com/opinion/guest-columns/2024/10/24/jd-vance-kamala-harris-prejudice-bigotry-catholics/stories/202410240035 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 federal government is pushing gender ideology in the courtroom. Texas is suing the Biden-Harris administration over information about the citizenship status of people on the state's voter rolls. Vice President Kamala Harris says she doesn't support religious exemptions for Christian doctors who are opposed to performing abortions. The US confirms Wednesday that North Korea sent 3,000 troops to Russia. Pennsylvania Senate candidate Dave McCormick slams his opponent for "retaliating against McDonald's.” Relevant Links https://www.dailysignal.com/2024/10/16/relentless-growth-obama-era-foster-care-policy-unmasks-transgender-orthodoxys-inherent-threat-parental-rights/ 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