Monday markets: as reporting season looms, inflation fears take a global backseat

It’s financial reporting season, and the ASX is set to open positively this week after a report and rally on Wall Street pointed to stable, resilient economic growth. Q2 results will be rolled out in the coming weeks, with data on company performances indicating the strength of the media and advertising industries leading into H2.

The Federal Reserve is looking at easing its aggressive interest rate policy – a welcome respite for consumers and businesses in the States. The ASX is poised for a positive start to the week, with futures on Saturday pointing to a gain of 57 points, or 0.9 per cent, at the open. After a strong night on Wall Street on Friday, the ASX is widely expected to rebound this week.

Read on for a financial wrap of Australia’s largest media and marketing holding companies.

News Corporation:

  • Shares in News Corp are trading at 23.11 AUD today. Markets previously closed at 23.11.
  • The NWS share price has traded at 23.11 AUD over the last five days, a decline of -0.38 (-1.62%) in value.
  • News Corp has appointed ex-Citi banker Andrew Cramer to deputy CFO, a promotion from his former role at the company.

Seven West Media:

  • The SWM share price is looking up today, trading at 0.40 AUD, a spike of +0.0050 (1.27%) since markets closed.
  • Overall, the share price has remained stable over the last five days, trading at 0.40 AUD, a decline of -0.01 (-2.44%) in value.
  • Seven and Foxtel are jostling to maintain their rights to the AFL broadcasting. The AFL is attempting to persuade Seven West Media and Foxtel to up their bids for television rights to as close to $600m annually as possible. Seven and Foxtel would thus keep the deal in place until at least 2029, as ViacomCBS-owned Network Ten may potentially put forth a knockout bid for all streaming rights.

Nine Entertainment Co.:

  • Shares in NEC trade at 1.83 AUD. Markets previously closed at 1.83.
  • Over the last five days, stocks have declined in value by -0.09 (-4.69%).
  • Nine print journalists are set to vote on industrial action. The MEAA has lodged an application that could see Nine’s publishing staff go on strike for the first time since 2017.

Southern Cross Austereo:

  • The SXL share price is sitting at 1.11 AUD today, after markets closed at 1.11
  • SCA has seen an uptick in their share price. It’s increased in value by +0.03 ast 5 days.



  • Shares in OML are trading at 1.20 AUD today.
  • The share price has seen a decline of 0.05
  • oOhmedia! has promoted Chris Roberts as their new CFO, alongside a suite of new senior appointments.

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