Daily Report

Surprisingly resilient day was seen on the local market today, once again held up by the banks. Resources took a hit though with the iron ore names finally coming off substantially all on the back of some better news from Vale. For those that missed it, Vale got the go... Show More

The ASX brushed a weak overnight futures read early in the session as the banks caught a bid for the third day in a row. The buying caught a second wind mid-morning around the time of the RBA Minutes release. There was a significant change in tone from the RBA... Show More

The ASX 200 was in two minds throughout the trading day, twice trading a small margin above par but ultimately failed to make any headway in either direction to close flat on the session. There was a noticeable lack of volume across much of the market today, contributing to the... Show More

The banks got the green light today, and when money flows into the big 4 the index tends to follow. Market ran with speculation CBA would be cutting a fifth of its staff as it moves to a more tech focussed model. The market does need to see all banks... Show More

The local market couldn’t replicate the strength seen in the US overnight. There was a switch out of growth names today into more defensives as resources and financials were hit but money was seen moving into telcos and, utilities and REITs. Asian markets were also trading lower as we closed... Show More

The market brushed the weakness seen overnight to trade around even for much of the session. Just like yesterday it ebbed and flowed around 6220 handle on the ASX 200 with very little conviction for the market to push on in either direction. Today it was the banks offsetting the... Show More

The market ebbed and flowed around 6220 handle on the ASX 200 today – the positive influence from the material stocks offset by some selling amongst the banks – CBA the weakest link after cutting rates on their fixed mortgages, the stock down -0.59% at $70.25 although it traded back... Show More

US Futures + Asian markets were all lower on the session today, however Australian stocks rallied – the ASX 200 up by 40pts – closing on its highs - thanks largely to strength in the Iron Ore price - Iron Ore Futures up strongly on the session which propelled Fortescue... Show More

The downside momentum continued today, the local market selling off quickly from the open despite the futures pointing to a muted start. The index closed over 100 points lower than Wednesday’s close, led by the banks, while the tech names also took a beating today. This week was volatile, with... Show More

My kids love the Tashi books and last night I read the story about the Golem, which is a sort of clay giant that comes to life after Tashi – who tells some cracking stories by the way – puts a spell on it..the big clay giant lumbers around the... Show More

The local market threatened to fade the rally once again today, but instead some bidders in the afternoon managed to fight off any chance of another intraday slump and sent the index to levels not seen since September last year. It was the resource names seeing the most love again... Show More

Aussie stocks were bullish early thanks to strength overseas – resources the main driver early on pushing the index up to a 6270 high - smack on the high we saw on 7th March before the market pulled back ~150pts. Those same jitters seemed to kick in today with the... Show More

The local market ran with the positive lead out of the US and Europe on Friday night, combining with some better than expected China PMI data to send the index over 6200. The unofficial number out over the weekend was better than expected, then official, or Caixin PMI once again... Show More

Despite a soft lead overnight, and futures trading flat before the open, the local market has again managed to charge higher on intraday buying for the third session in a row. Asian markets stormed ahead led by China’s consumer market spurred on from reasonable news out of the trade talks... Show More