CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

ASX 5 things: ASX 200 edges higher on strength in mining stocks

We highlight five things that investors and traders need to know on Wednesday, 4 August.

New Zealand jobs data shows a roaring economy

New Zealand’s employment data was published this morning, and pointed to an economy that continues to run hot. The country’s unemployment rate plunge to 4.0% from 4.6% last quarter, beating by some margin the 4.4% estimate going into the release. The data was the latest bit of evidence of a very robust economic expansion of New Zealand’s economy and provided a little vindication for the Reserve Bank of New Zealand’s move last month to end its quantitative easing program. The markets are betting now on an even shorter path to rate hikes from the central bank, with the NZD/USD jumping above 0.7050 this afternoon as a result.

Australian Retail Sales drop as lockdowns hit consumption

Australian Retail Sales data revealed the impact on consumption of the recent lockdowns across the country, with retail sales for the month declining by 1.8%, as expected. In the data’s accompanying commentary, the Australian Bureau of Statistics outlined the sectors hardest hit by restrictions - cafes, restaurants and takeaway food services -6.0%, clothing, footwear and personal accessory retailing -9.5%, department stores -7%, other retailing -1.6% and household goods retailing -1.3%.

Oil prices under pressure as demand concerns grow

The price of ETFS Brent Crude has extended its drop in the last 24 hours, with WTI having fallen by as much as 6.75% from last week’s highs, before retracing some of those losses in Asian trade today. The fall seems to have come off the back of some mounting concerns about the global economy’s outlook, and whether its expansion may have peaked. On top of that, there remains some wariness about the strength of emerging market economies, which are struggling to combat the effects of the spread of the Covid-19 Delta variant.

Learn more about trading oil.

ASX 200 pushes back to record highs

It’s been another record-breaking day for the Australia 200 today, with the index pushing back towards record highs. As had been the case in Wall Street trade in the night prior, it was a rebound in cyclical stocks that underpinned the charge higher, with energy and mining shares outperforming. Coming into the back end of the session, the ASX 200 is wrangling at the 7500 mark, a key psychological level for market participants.

Focus slowly turns to US labour market data

The remainder of the week in financial markets will be dominated by speculating about and reacting to the US labour market data. The climax of the trading week will be on Friday night with Non-Farm Payrolls. However, traders will receive their entrée this evening, with the ADP Non-Farm Payrolls numbers. Reflecting the strength also expected out of the official NFPs, the ADP data is tipped to explain how 695,000 jobs were added to the US economy last month.

Do you have a view on the markets? Whatever you think, you can use CFDs to trade stocks and other assets, through IG’s world-class trading platform.

For example, to buy (long) or sell (short) a variety of local and international stocks using CFDs, follow these easy steps:

  • Create an IG Trading Account or log in to your existing account
  • Enter <Company name> in the search bar and select it
  • Choose your position size
  • Click on ‘buy’ or ‘sell’ in the deal ticket
  • Confirm the trade

For investors not looking to trade stocks, you can invest in shares directly through our share trading service.


This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.

Introducing our best ever web platform

Enhance your CFD trading with the new IG Trading platform:

  • Quicker deals, with one-click execution from lists

  • Real-time updates, with news and Twitter feeds

  • Orders to part close, price change alerts, a dark theme and more

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. All share prices are delayed by at least 20 minutes. Prices are indicative only.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.