Podcast Archive

Anyone who has been in broking will tell you that the Morning Meeting is how all brokers start the day. The format is to have a quick look at the overnight markets, consider what's coming up in the day ahead, hear from the analysts, share ideas and get set up for the day's stock market activity
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Anyone who has been in broking will tell you that the Morning Meeting is how all brokers start the day. The format is to have a quick look at the overnight markets, consider what's coming up in the day ahead, hear from the analysts, share ideas and get set up for the day's stock market activity
Why not sign up for a free trial? Get access to expert insights and independent research and become a better investor.

The ASX 200 rose 73 points to 7370 (1.0%) with a sigh of Evergrande relief as the sun came up after all.

• Banks were dominant despite a rise of around 14% in iron ore. The Big Bank Basket rose to $180.32 with MQG up 2.6% and even MFG up 2.0%. Top bank CEOs were in Canberra talking about the problems with rampant house prices.
• Industrials firmed with NWS leading the way after a buy-back was announced, the stock rose 8.4%, TLS also doing well up 0.8% and SEK 2.1% to the good. TCL returned from its mammoth near $3bn raising and barely budged.
• Tech stocks fared well after APT rose 4.2% on Square’s move, Z1P continued the run from its Indian adventure announcement yesterday, up 4.9%. CPU also stirring up 3.7% and the All-Tech Index showing a solid 2.9% gain.
• In miners, things were slightly muted given the commodity price rises. Uranium stocks slipped, Iron ore stocks improved modestly with FMG up 1.0% and RIO better by 0.6% with MGX up another 2.1%. BHP though failed to launch closing down 0.7%. Action in base metals were dominated by the news from SFR that they had agreed to acquire a Spanish project, Minas de Aguas Teñidas S.A, for a company making or shaking, number of US$1.85bn. Oil and gas firmed with STO up 2.9% and WPL up 1.7%.
• Travel stocks firmed, after the speech from Dan Tehan yesterday, promising international travel by Xmas. WEB up 5.6% FLT up 5.2% and QAN took off 4.6%. In economic news, we had household wealth numbers and all eyes were on Hong Kong as Evergrande rallied 18% as liquidity issues sorted perhaps. At least for now.

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Powell has lowered the risk overnight yet again with comments about inflation and interest rates. Our market taking a breather after the 107 point gain yesterday. The NASDAQ hits a record high. Some iron ore upgrades. Today we talk about whether bitcoin is an investment and look at the meaning of a strategic review and how it often means "Opportunity knocks".