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Insights

Markets

Stay informed on the latest markets commentary from industry experts including Livewire, FirstLinks and Morningstar.

Latest insights

What to Watch - Week of 16 December 2024

It will be a relatively quiet week on the local data docket as the festive season approaches, though there will be some focus on the release of MYEFO from the Federal Government. Globally, it’s a different story with a central bank bonanza on tap. The US Fed (Wednesday), BoJ (Thursday), BoE (Thursday), Norges bank (Thursday) and Riksbank (Thursday) all hand down interest rate decision. The market is widely tipping a 25bps cut from the FOMC but more focus will be on the path for 2025. Here’s what you need to know.
15 December 2024 3 min read

Unemployment falls to 3.9%, showing little urgency for the RBA to adjust policy

Australia’s jobless print has unexpectedly fallen to an eight-month low in November to 3.9%, signalling a far more resilient labour market with NAB saying the drop shows little urgency for the RBA to adjust policy. Read the full report here.
12 December 2024 3 min read

Fundamentals underpinning global tech’s market leadership

Why Janus Henderson’s Denny Fish thinks a dispersion of returns will be the primary story for the tech sector in 2025.
09 December 2024 3 min read

Markets at a glance 4 December

The S&P/ASX200 is in the red a day after scaling an all-time high as banks and real estate stocks slide but commodities cushion the fall. Stock specific, Goodman Group plunges after media reports of a near AU$2 billion stock sell-down. Globally, political turmoil is unnerving investors as South Korea reverse a shock martial law and France braces for more jitters as a no-confidence vote looms.
04 December 2024 3 min read

Is a market turning point approaching?

Montgomery Investments’ Roger Montgomery says while 2024 was predicted to be a good year for equities, and it has been, he warns as the global equity rally accelerates, the pessimists are emerging.
02 December 2024 3 min read

What to Watch - Week of 2 December 2024

It will be a busy week on the data docket ahead of the holiday period. Locally, Q3 GDP will be in the spotlight, NAB has pencilled in a 0.3% q/q and 0.9% y/y rate. Globally, there is a plethora of data in the US culminating with Friday’s NFP report plus a bevy of Fed speakers including FOMC Chair Jerome Powell on Wednesday. Elsewhere, the EZ is quiet, while China sees Official PMIs and a possible Politburo. Here’s what you need to watch.
01 December 2024 3 min read

Is it healthy for capital markets to be absolutely fixated on Team USA?

Henry Jennings from Marcus today says sometimes it pays to take a step back, suggesting the sensible way to diversify your portfolio may not be with US investments, but with local ASX listed companies instead.
28 November 2024 3 min read

Markets at a glance 27 November

The S&P/ASX200 is tracking higher, as financials and gold stocks give the bourse a boost and October inflation figures hold steady at a 3-year low. In the news, an Australian Senate committee has backed a bill that would ban social media for children under 16. Globally, U.S. President-elect Donald Trump’s potential tariffs have taken centre stage, dragging down the Mexican Peso and Canadian Loonie.
27 November 2024 3 min read

Markets at a glance 20 November

The S&P/ASX200 is trading in the red, as financials drag but gold glistens limiting losses and oil rises. Stock specific, Amcor (ASX: AMC) shares have slipped as it snaps up U.S.-based peer Berry in an all-stock deal. Globally Asian equities are cautious as Russia-Ukraine tensions mount and investors eye Nvidia’s third quarter earnings result.
20 November 2024 3 min read

Should investors be chasing the Trump Bump?

Fidelity International’s Tom Stevenson explains, of the 19 elections since 1900 that have delivered single party control of all three branches of government, 15 have resulted in market gains over the next two years. Will history repeat itself?
20 November 2024 3 min read

What to Watch - Week of 18 November

It will be a quiet week on the data docket locally, with the RBA minutes from November taking centre stage. Offshore the focus remains on the incoming Trump administration, with the drip feed of cabinet positions on watch. Finally, inflation is the topic of the week with CPI data from Canada, UK and Japan all hitting the wires.
17 November 2024 3 min read

Tight labour market to keep RBA on the sidelines for longer

Today’s unemployment print shows a tight labour market, and with the RBA still concerned about upside risks to inflation NAB has reverted to its earlier expectation for a first rate cut in May 2025, with a steady profile of one cut per quarter back to 3.1% by mid 2026. View the full report here.
14 November 2024 3 min read

Markets at a glance 14 Novmeber

The S&P/ASX200 is on track to snap a three-day losing streak, as financials recover despite October unemployment figures missing the mark. Stock specific, shares of Xero (ASX: XRO) have surged to a record high on an earnings beat, while Graincorp (ASX: GNC) slips on a weak full year result. Globally, Asian equities are mixed as firm inflation keeps the US Fed on track for further rate cuts.
14 November 2024 4 min read

America eats the world

As the S&P 500 rips to new highs, the US now accounts for a staggering two-thirds of the world equity index. Morningstar’s James Gruber looks at how America came to dwarf other markets, and what could change to slow or halt its momentum.
13 November 2024 5 min read

Sectors poised for growth under Trump’s administration

One of the most frequently asked questions by investors following Trump’s election victory is: what sectors will do well? Montgomery Investment Management’s Roger Montgomery may have the answers.
13 November 2024 3 min read

Markets at a glance 11 November

It’s been a muted start to the week for the S&P/ASX200 as commodity stock losses offset gains in financials. Stock specific, Resolute Mining (ASX: RSG) has tumbled to a 16-year low after its CEO was detained in Mali and Endeavour Group (ASX: EDV) has slumped to a record low after Q1 group sales missed estimates. Globally, caution is abundant as markets brace for key U.S. inflation data and uncertainty over President-elect Donald Trump’s proposals for trade tariffs.
11 November 2024 3 min read

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