Hey Superheroes, Two trillion-dollar stories landed this week — Nvidia’s record quarter and SpaceX’s long-awaited IPO prospectus — and the beat of the AI infrastructure boom keeps going. Back home, though, the story changed. Australia’s unemployment rate jumped to 4.5% in April, the highest since November 2021, with the economy losing 18,600 jobs against expectations […]
Hey Superheroes, In fair Australia where we lay our scene… this week two heavyweights of the ASX traded places. BHP hit an all-time high and reclaimed its crown as Australia’s biggest listed company. Commonwealth Bank had its biggest single-day fall on record, crashing more than 10% in a session and wiping roughly $25 billion off […]
Hey Superheroes, After weeks of pain, the ASX finally caught a break. The ASX 200 broke its 11-session losing streak this week, clawing back ground after a 6% decline in April.The bounce was driven by a thaw in Middle East hostilities and a softer-than-expected tone from the RBA on the path ahead — even after […]
Hey Superheroes, Earnings season is testing nerves on both sides of the Pacific. In the U.S., the Federal Reserve held rates steady at 3.5–3.75% on Wednesday in what was likely Jerome Powell’s final meeting as Chair. The decision split the committee 8–4, the biggest dissent since 1992, as policymakers struggled with inflation that’s been above […]
Hey Superheroes, Wall Street just hit a new all-time high. The S&P 500 rose 0.26% on Thursday to close at 7,041.28, eclipsing its previous record set back in January. The Nasdaq joined the party a day earlier, closing at a record 24,016 and notching an 11-session winning streak, its longest since November 2021. The rally […]
Hey Superheroes, Markets flipped fast this week. A last-minute ceasefire between the U.S. and Iran wiped out weeks of tension in a single move. Oil prices plunged. Risk assets rallied. Sentiment turned almost overnight. U.S. crude oil closed down 16.4%, its largest single-day decline since 2020. Back home, the ASX 200 advanced 2.7% on Wednesday […]
Hey Superheroes, A quick note before we dive in. Spotlight is landing in your inbox on Thursday this week ahead of the Good Friday and Easter break. Normal programming resumes next week. It’s been one of those weeks where the news kept coming. Oil pulled back after Trump signalled the war with Iran could wind […]
Hey Superheroes, It’s been a volatile week for global markets. Oil has been driving the narrative. Prices surged above US$107 a barrel after fresh conflict in the Middle East, before pulling back on signs of possible diplomatic progress. Markets felt it. The S&P 500 fell 1.74% in a single session, while the Nasdaq dropped 2.38% […]
Hey Superheroes, This week had two big drivers. Rates and oil. The RBA lifted the cash rate again, up 25 basis points to 4.1%. It was a split decision and the first back-to-back hike since mid-2023. The message was clear. Inflation is still a risk, and it may stick around longer than expected. Then oil […]
Hey Superheroes, Markets had one clear focus this week. Oil. The conflict involving Iran has pushed Brent crude above US$100 a barrel for the first time since the 2022 energy shock. And the ripple effects are already being felt here in Australia. The International Energy Agency responded with a record release of 400 million barrels […]
Hey Superheroes, It’s been a bruising week for markets, with the Middle East conflict and its impact on energy markets front and centre. The S&P/ASX 200 dropped 3% this week as worries about the inflationary fallout from the Iran conflict overshadowed stronger-than-expected domestic GDP data. We also saw the end of Reporting Season so the […]
Hey Superheroes, It’s been a big week for reporting season on both sides of the Pacific. The S&P/ASX 200 hit a fresh record high above 9,100, driven by a tech-fuelled rally after blockbuster results from Nvidia lifted global sentiment, with some local tech stocks surging nearly 5%. Closer to home, it was also a massive week […]