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Weekly Brief Sheet - 18/07/22

Provides a market round up, a selection of useful data points we use for our investment analysis, and some interesting articles/charts we have noticed recently.

Stocks remained volatile in light summer trading, as investors absorbed inflation data and the first major second-quarter corporate earnings reports. On Thursday morning, the S&P 500 Index touched its lowest intraday level since June 22 but rallied sharply to end the week. Technology stocks were among the best performers in the index, helped by solid gains in Apple. The question now is has the FED reached peak hawkishness & how will earnings hold up given high inflation over the past quarter.

Down under the indexes broke a 4 week winning streak to end down between 1 to 2 percent, Newcastle coal futures rallied past US$400/t with ease last week as the gas-hungry Europe begins to turn back towards coal power.

Adding to the bullish momentum behind the supply tight, elevated demand narrative for coal this week:
- Germany will stop importing Russian coal from August 1 and crude oil from December 31
- Rumors about China reversing its unofficial ban on Australian coal imports due to mounting supply uncertainty, according to Reuters

Dozens of Chinese cities issued heat wave warnings this week as temperatures surged past 40 degrees, boosting power consumption and straining the power grid

Coal majors including New Hope Corporation (ASX: NHC) and Whitehaven (ASX: WHC) broke out of recent trading ranges this week.

Iron ore futures briefly dipped below US$100 a tonne. Sentiment has plummeted on global growth concerns, Chinese real estate troubles and a sharp slowdown in second quarter Chinese GDP data.

Investors globally seem to be weighing up the many paths toward deeper recession or recovery.



Misc. Topical Charts:

Sectors & Stocks:

Bonds & Fixed Income:




DISCLAIMER: This report has been prepared by H&G Investment Management Ltd (ACN 125 580 305; AFSL 317155) to provide you with general information only. In preparing this report, we did not take into account the investment objectives, financial situation or particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither H&G Investment Management Ltd nor its related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. You should obtain a copy of the Information Memorandum before making a decision about whether to invest in this product.


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