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Daily Report

Tune in for a daily download from investing professionals ‘in the trenches’ who summarise key events each market day.

Daily Report

Property’s good news supports market

While the market closed fairly flat on the session overall there was some decent movement under the hood . Weakness early leading into an 11.30am low before a...
DXS
KGN
SSM
+3
James Gerrish
Market Matters
Daily Report

ASX ends a choppy week on the right foot

A good session for local stocks to finish the week thanks mostly to some improving rumours out of the US-China trade talks. Reports are now indicating a partial deal...
FMG
PPT
James Gerrish
Market Matters
Daily Report

All calm on the surface but plenty of action underneath – market closes unchanged

A roller coaster ride in today’s session, with mixed reports that Chinese officials will stay for the course of the trade talks then after a short time, we see reports...
ORA
James Gerrish
Market Matters
Daily Report

Selling resumes following US trade escalation

A softer session locally following weakness overseas, although we did see the worst of the session early on with the market bottoming out at 10.30am before it grinded...
James Gerrish
Market Matters
Daily Report

Markets trickle higher again ahead of US Fed speech

Not a lot happening across markets today, although the ASX did grind higher again on the session defying the negative lead in from the US. Last week the market was...
FMG
STO
James Gerrish
Market Matters
Daily Report

A second sea of red

Back to back 100+pt falls as the index followed up yesterday’s stumble with a genuine fall today – the market down just shy of 250pts to fall 3.7% in the 2 sessions....
James Gerrish
Market Matters
Daily Report

Sellers get the upper hand, ASX down more than 100pts

The market embraced the overseas weakness today with the local index down more than 100pts, a sell-off we’ve been targeting and a reminder that selling is often more...
James Gerrish
Market Matters
Daily Report

RBA cuts rates to historical lows – more to come

An interesting session locally with the RBA front and centre cutting rates as expected to 0.75% at 2.30pm this afternoon, the lowest level in history and enough to...
KMD
James Gerrish
Market Matters
Daily Report

Markets sell off into end of quarter

A choppy session for end of month / end of quarter trading with the usual end of period window dressing failing to materialise today. Normally we see big...
APX
+6
James Gerrish
Market Matters
Daily Report

Sellers dominate a weak session

The best of the session was seen early with the market opening marginally higher this morning up +10pts at one stage before sellers stepped in and the market grinded...
TLS
James Gerrish
Market Matters
Daily Report

Goldmans uber bullish on Afterpay, Bingo sinks

The market opened on the back foot this morning with SPI Futures off ~70pts thanks to weakness overseas, however as the Aussie Dollar tracked lower intra-day, our...
APT
James Gerrish
Market Matters
Daily Report

IOOF wins big over the regulator, Webjet down after Thomas Cook collapses (WEB, IFL)

A more bullish open for stocks than futures were suggesting today with the index adding a quick +35pts early on, before sellers saw the index track down from the early...
James Gerrish
Market Matters
Daily Report

ASX up but off session highs – go the Sea Eagles!

A big week comes to a close with a weekend filled with footy headlined tonight with the Mighty Sea Eagles taking on Souths, while I’m not trekking out to ANZ Stadium...
James Gerrish
Market Matters
Daily Report

Fed cut helps equities rally

The market bolted out of the gate this morning with the finance names pushing the index into a 6-week high early in the day. By 1 pm the sellers found their grove and...
James Gerrish
Market Matters
Daily Report

Gold & IT stocks best on ground, Energy stocks weigh (CNI, CMA, QAN)

A fairly muted session in Australia today with the market briefly trading in the black early on before the market trickled lower into the close. Energy stocks hardest...
QAN
James Gerrish
Market Matters
Daily Report

RBA still banging the lower for longer call on rates

The RBA minutes moved the market today, or more specifically, put pressure on the AUD which made our market more appealing from an international perspective. Decent...
James Gerrish
Market Matters
Daily Report

Crude spikes, Bellamy’s bid while Sims scraps guidance (BAL, SGM, BHP)

An interesting day for local stocks with the energy sector the clear standout thanks to a spike in the Oil price, Futures trading +9.7% at time of writing underpinning...
BHP
+2
James Gerrish
Market Matters
Daily Report

Tech continues to struggle

Small gains today helped the index finish marginally higher week on week, up just 22pts/+0.3% for the 5 sessions. Support was seen on the back of positive trade...
AWC
James Gerrish
Market Matters
Daily Report

Rinse and repeat

The ASX undid all the hard work from early in the session to trade flat early in the afternoon before strong futures led buying in the match helped the index close...
James Gerrish
Market Matters
Daily Report

Banks offset miners on a flat day (RRL, TPM)

Very little to say about the local session today – unsurprising given the market closed less than a point higher than Friday’s close and traded in a tight 28pt range...
James Gerrish
Market Matters
Daily Report

Pro Medicus founders sell down, market up for the week

The market finished the week on the front foot today with the gains from yesterday and today enough to more than offset the soft start to the week. Today the 10...
James Gerrish
Market Matters
Daily Report

China and the US set date for further trade negotiations

An interesting session locally with the market opening higher before news broke around 11.30am that China and the US has set a date to continue trade discussions in...
CYB
James Gerrish
Market Matters
Daily Report

GDP Growth Anaemic

The local market traded lower from the get go today with the US market’s soft lead flowing through to the ASX. It was the manufacturing data last night that saw the...
OSH
James Gerrish
Market Matters
Daily Report

Rates on hold as RBA sights an improvement in house prices

Stocks had a choppy day overall despite closing flat on the session, some large lines in the futures markets seemed the catalyst with the SPI Futures trading in a...
ORE
James Gerrish
Market Matters
Daily Report

Nickel roars higher on Indonesian supply concerns

Stocks were down early this morning tracking weakness in US Futures following yesterday’s move by the Trump administration to implement its planned 15% tariffs on...
IGO
IPL
+1
James Gerrish
Market Matters
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