22 Nov 2022 - Stocks fell Monday in a volatile session to start a short trading week due to the Thanksgiving holiday. Fears that China may again ramp up Covid restrictions after reporting deaths from the virus weighed on markets, sending energy stocks and oil prices lower. In Australia today - the Treasury will release a discussion paper on BNPL sector.
21 Nov 2022 - The major averages ticked higher in afternoon trading Friday to end the day on an upbeat note as investors assessed tougher language from Federal Reserve speakers and poured over the latest earnings reports. There’s a few quarterly results to be released - quite a few annual meetings in Australia - and at the end of the week America will close for the annual Thanksgiving break on Thursday and then the start of the Black Friday...
18 Nov 2022 - Overnight oil stocks continued to show a clear disconnect from the commodity they track. The energy sector is reporting the greatest increase in net profit margins compared to its 5-year average. Whereas oil and gas prices have declined from recent highs, capital management initiatives like increased dividends and share buy backs has led the sector to outperform the broader market.
17 Nov 2022 - Markets fell on Wednesday as investors weighed a gloomy holiday quarter update from Target that pressured retail stocks. Target blamed higher inflation and shifts in consumer spending for the drop in demand for everything from toys to home furnishings. In the background commodity prices are soaring as China lends support to their property market.
16 Nov 2022 - Elsewhere, retail stocks also lifted investor sentiment. Walmart shares jumped on a bumper third quarter. The retail giant said that sales were up nearly 9 percent from a year ago, as shoppers flocked to cheaper groceries and other items; shares advanced just over 6.5 per cent. Despite the market rally lithium companies were lower with Lithium America down 3.5 per cent, Albemarle 6.5 per cent lower and Livent falling 6.8 per cent.
15 Nov 2022 - Stocks fell to start the week as investors took a pause from last week’s big rally and digested a slew of corporate and economic news, as digital asset exchanges are rushing to reassure clients that their funds are safe as the collapse of Sam Bankman-Fried’s FTX crypto exchange ricochets through the industry.
14 Nov 2022 - The gyrations Elon Musk is engaging in at Twitter to save his US$44 billion investment appears to be far more important to stock market sentiment than the continuing implosion of the crypto world. As Elon Musk struggles to contain his growing losses at Twitter, Tesla’s struggles in China are raising questions about the revenue and earnings stability of the EV making giant.
11 Nov 2022 - Stocks surged after October’s reading of consumer prices raised investor hopes that inflation has peaked.With today’s CPI number coming down, the market is now betting pretty clearly that they think the interest rate rises are coming close to an end. The move in the S&P was the biggest move on a day ever following CPI data
10 Nov 2022 - All eyes were on the midterm US election results overnight as Joe Biden and the Democrats have avoided sweeping defeats but still risk losing control of Congress to the Republicans after election results showed Americans are unwilling to hand a strong political mandate to either party. With election results uncertain, the red wave that investors and betting markets expected did not materialise causing the market sell off.
09 Nov 2022 - US equities were higher in choppy Tuesday afternoon trading, just off best levels as the market staged a late-afternoon rally. US midterm elections were the highlight of the day and expectations revolve around a divided Congress.
