Need 4 Speed - Pre Market ASX Report - 15/09/22

G'day folks and welcome to another trading day with your friendly, neighbourhood CMC Market Analyst!

For real-time up-to-date data/news/research/ideas/strategies, check out our insights panel on the CMC Markets NextGen platform and follow us on Twitter: @Azeem__Sheriff & @CMCMarketsAUSNZ

Content Summary

• ASX & Economic Key Events
• Trading Idea of the Day
• APAC Daily Report
• Market Snapshot & Highlights
• Global Markets Headlines
   

ASX & Economic Key Events

ASX Key Events Calendar (TODAY)

Economic Key Events (TODAY)

Economic Key Events (YESTERDAY)

Trading Idea of the Day

ASX: VEA - Viva Energy Group Ltd

• BULLISH BIAS
• Key levels on the chart - consider taking trades from key support/resistance levels
• With soaring energy prices due to increasing global demand, Australia may be in a position to export its energy products to the likes of Europe which will boost the local economy and production, driving energy stocks higher over the coming few months.
• >50% of investors incl traders/economists/hedge funds/fund managers etc highlighted in a Bloomberg survey that they will be increasing their portfolio exposure to Energy over the coming 6 months.

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APAC Daily Report

Click here to access our daily APAC report, prepared by my fellow market analyst @TinaTeng_CMC

Market Snapshot & Highlights as of 7am AEST

EXPECTATIONS: Energy UP (higher WTI) & Materials DOWN on the back of lower base metal prices and a higher USD
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Global Markets Headlines

• Can ROBO Global’s Healthcare Technology and Innovation ETF recover? (OPTO)

• Tesla struggles with Elon Musk’s strict return-to-office policy (CNBC)

• The ‘merge’ has arrived — Wednesday is your last chance to buy ether before historic makeover (CNBC)

• UK inflation rate unexpectedly dips to 9.9% as fuel prices decline (CNBC)

• EU chief von der Leyen promises overhaul of energy markets, tax on fossil fuel profits (CNBC)

• Volvo starts series production of heavy-duty electric trucks, targets 50% of sales by 2030 (CNBC)

• Possible U.S. Railroad Strike Could Fuel More Inflation (CNBC)

• The market’s pricing in a 4.3% Fed funds rate, says Cantor’s Eric Johnston (CNBC)
• Yen jumps vs dollar after BOJ rate check, hints on intervention, U.S. PPI data (CNBC)

(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)