Tune in for a daily download from investing professionals ‘in the trenches’ who summarise key events each market day.
The market latched onto an improving dialogue between the US & China overnight ahead of the G20 meeting in Japan next week – President Trump saying that he had talked to President Xi Jinping confirming the leaders would meet at the G20 + they would send their respective teams to... Show More
Once again, the expectation of lower interest rates was enough to drive stocks higher today, with comments from the RBA that imply rates were more likely to go down than up from here: "Given the amount of spare capacity in the labour market and the economy more broadly, members agreed... Show More
A fairly lacklustre Monday across the board with the banks/utilities offsetting some weakness amongst the material stocks + the telcos were weak as a sector thanks to the pulled VOC bid from AGL. Seems something smells with VOC that each potential acquirer works out pretty quickly when they enter the... Show More
Early this week the local market soared to register the highest close since late 2007 before some consolidation played out at the back end of the week. Today was similar to yesterday with the market trading in a fairly tight range, ultimately ticking around par before closing slightly higher. Asian... Show More
The market chopped around for the session today before closing flat - the ASX200 traded as much as +20 points higher and -10 points lower than the previous close. It was up on employment data, hitting the intraday high shortly after the 11.30AM print but was trading near the lows... Show More
The local market quickly pushed on with yesterday’s rally to post an extra 41pts to rally to the intraday high within the first hour. The selling picked up from there however, and the ASX200 gave back all of the morning’s move, stumbling to its first fall in 6 sessions. Healthcare... Show More
After a long weekend, the Australian market had to catch up on two bullish sessions out of the US which we did - and then some with the market now trading at its highest point since December of 2007. Buying was broad based today as you’d expect from a rally... Show More
The ASX200 gained 24 points yesterday, taking the index within striking distance of this month’s 6403 high although we are still only in June’s first trading week. Under the hood the story was very mixed with the “Big Four” banks advancing an average of +0.5% while the large-cap miners fell... Show More
The market edged higher again today – up around +20pts although it was a narrower move than yesterday with the resource sector a meaningful underperformer. BHP off -1.31%, Fortescue (FMG) -2.77% & Rio Tinto (RIO) -2.8% on the back of a 2% decline in Iron Ore futures. Asian markets... Show More
The market edged higher today, however gains were very lacklustre considering the +2% rally in US markets overnight. The ASX 200 peaked early on 6387, up ~55pts before a slow and steady grind lower into the close, as the intra-day chart shows below. The catalyst of the selling was a... Show More
