ASX Pre-Market Report 10/6/22
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Azeem Sheriff –
CMC Markets –
Trading idea of the day
NYSE: GM-General Motors- BULLISH BIAS
Consider taking entries, exits, stop losses and taking profits from key levels
Cheaper imported raw materials reduce manufacturing costs.
- While General Motors manufactures its cars domestically, many electrical components and raw materials are sourced from foreign markets and imported into the United States.
- A stronger U.S. dollar means these raw materials should be competitively priced, improving margins at a time when the company could see lower vehicle exports due to higher exchange rate costs for foreign markets.
ASX and economic key events
ASX Key Events Calendar (TODAY)
Major Economic Events (TODAY)
Major Economic Events (YEST)
OPTO for the search for investors
Article of the day: The mega merger of Vodafone and Three
Podcast of the day: Portfolio manager Caroline Cai’s perspective on the emerging market debt crisis
APAC Daily Report
Market overview and highlights from 7:00 a.m. AEST
EXPECTATIONS: Energy UPPER (top oil) & Materials LOWER on falling base metal prices.
Global Markets Securities
(All news and data sourced from AFR/The Australian/Bloomberg/Reuters/CNBC/Wall Street Journal/Morningstar/OPTO/Trading Economics)
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