Steve Daghlian

But certainly any signs that they're heading in the right direction is likely to be received well by markets.

And you're right to point out that that's probably most helpful for our market.

But as far as the US is concerned, it's largely those US earnings which have been flowing through from the likes of chip makers like AMD, Supermicro, also Uber.

All of these stocks came out with solid earnings last night.

And economic data was largely positive as well on the jobs front.

If we look at our market today, certainly energy stocks are under quite a bit of pressure because of the oil price decline, as you rightfully pointed out.

But we are seeing some losses elsewhere.

Healthcare stocks, utilities, telcos, they're all down.

The rest of the market is actually lifting.

And it's certainly the mining sector that is standing out most.

It's up about 3.7%.

Now, we've got to remember that back in March, when news of the conflict broke, essentially, and there were concerns peaking as far as the conflict goes, the materials were down 14% in one month.

They've bounced back strongly in April with a lift of more than 4%.

And now they're improving by a little more than 7% so far in May.

Let's look at some stocks on the market today, though.

I mean, super retail has been one of the big movers.

It was down as much as 13.5% at one stage this morning.

Now it's down by about 3.5%.

So it's quite a comeback from those lows.

Now, it delivered a trading update after the market closed yesterday, essentially saying that it's had some growth across super cheap auto, Rebel, and MacPak brands that it operates, but sales of BCF went backwards, though.