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 Invest platform and follow us on Twitter:
Azeem Sheriff - @Azeem__Sheriff
Tina Teng - @Tinateng_CMC
CMC Markets ANZ - @CMCMarketsAUSNZ
CMC Markets Singapore - @CMCMarketsSG
CMC Markets Canada - @CMCMarkets_CA
Trading Idea of the Day
ASX:STO - Santos Ltd (BULLISH - Short Term & BULLISH - Long Term)
- Key levels on the chart - consider taking trades from key support/resistance zones.
- Oil expected to go higher on supply constraints
- Buffett going bullish on oil, increasing stake in Exxon.
- USD weakness supporting oil.
ASX & Economic Key Events
ASX Key Events Calendar (TODAY)
Economic Key Events (TODAY)
Economic Key Events (YESTERDAY)
OPTO For Investors Research
Article of the Day: Traders invest $403m in Tesla shares this week
Podcast of the Day: Michael Loukas of TrueMark on why diversification isn’t always key
APAC Daily Report
Click here to access our daily APAC report, prepared by my fellow market analyst @TinaTeng_CMC
Market Snapshot & Highlights as of 8:00am AEDT
EXPECTATIONS: Energy LOWER (lower oil prices) & Materials HIGHER on base metal prices.
Global Markets Headlines
- Shanghai hit by Covid protests as anger spreads across China (CNBC)
- U.S. Black Friday online sales top $9 billion in new record (CNBC)
- Binance, other crypto firms line up bids for bankrupt Voyager Digital after FTX collapse (CNBC)
- EU delays talks on Russian oil price cap until next week, diplomats say (CNBC)
- The new iPhone 14 and iOS upgrade include some big cybersecurity changes (CNBC)
(All news & data sourced from AFR / The Australian / Bloomberg / Reuters / CNBC / Wall Street Journal / Morningstar / OPTO / Trading Economics)
