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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

ASX 200 rallies to end a tough month for stocks

I was at fathers day breakfast this morning and a picture of Boris Johnson flicked up….my 8 eight year old asked if that was Donald Trumps son! Classic call. Happy...
James Gerrish
Market Partners
Daily Report

Market grinds higher on final day of reporting

Today marks the final day of the local reporting season and it’s been a challenging one for investors. Beats have been slightly ahead of misses on FY19 numbers however...
APX
NXT
James Gerrish
Market Partners
Daily Report

Reporting ensures stock volatility remains high

A positive move from overseas markets last night however that took a while to sink in locally with stocks fairly muted early on. By 11am buyers were out and the mkt...
IGL
+3
James Gerrish
Market Partners
Daily Report

Weak earnings + Trump Tweets put the kibosh on the market

Volatility was back in town today thanks to Mr Trumps barrage of tweets over the weekend and subsequent escalation of the China – US trade tussle. US Futures opened...
BLD
FMG
GEM
+2
James Gerrish
Market Partners
Daily Report

Markets calm ahead of Fed talks

The market crept higher to round out a reasonable week of trading. There wasn’t a great deal of direction given from overseas markets with many investors watching for...
GMG
+1
James Gerrish
Market Partners
Daily Report

Strong day as company results impress

A strong rebound for local stocks today with broad-based buying across all sectors despite a slightly weaker than expected result from BHP. Energy was the standout...
BHP
EHE
KGN
+2
James Gerrish
Market Partners
Daily Report

ASX bounces from oversold levels

A better day for Aussie stocks with most sectors finishing higher following a more bullish session overseas. The high beta IT stocks did best with the likes of Appen...
BPT
LLC
+2
James Gerrish
Market Partners
Daily Report

Phew - a big week comes to a close

A big week of reporting / market turmoil as the newspapers would call it with global equity markets taking a hit. Concerns around an inverted yield curve, more Trump...
COH
HLS
+3
James Gerrish
Market Partners
Daily Report

A mixed day in the reporting front

An interesting session played out locally following a strong rebound from US stocks overnight, the Dow Jones adding +372pts underpinning our futures which traded...
CSL
+1
James Gerrish
Market Partners
Daily Report

Magellan to raise capital for future growth after reporting strong result

Negative leads from overseas had the ASX on the back foot early. However, buyers stepped into the fray and bought stocks into weakness, pushing the index up near...
CGF
James Gerrish
Market Partners
Daily Report

JB defies the retail gloom and tops expectations

A reasonable day for local stocks with the market overcoming much of the early weakness to end the session largely flat, the Health Care sector was best on ground,...
JBH
James Gerrish
Market Partners
Daily Report

Global risk back on…is it safe yet?

The local market started its session with heavy selling on the open, only to bounce back from 11am to close on its highs at 6568, led by the gold and resource...
James Gerrish
Market Partners
Daily Report

CBA misses earnings target as the market recovers

The local market revered back to the previous sentiment in July, on the back of the NZ Reserve Bank reducing its key interest rate from 1.5% to 1% this afternoon. This...
James Gerrish
Market Partners
Daily Report

Risk off continues for stocks as US labels China currency manipulators

A big day for the local market with the index losing another 2.44% coming on the back of a 1.90% decline yesterday – the drop from recent highs to today’s low is now...
FMG
James Gerrish
Market Partners
Daily Report

China signals its ready to play hardball

A day where volatility kicked hard and we saw broad based selling across local and international markets – the catalyst / straw that broke the proverbial back was an...
APX
OSH
James Gerrish
Market Partners
Daily Report

Markets trickle lower after tough week

The market quickly turned its focus back on the escalating US China trade war today following a twitter spat from Trump overnight. The US market fell 2% from their...
ANN
James Gerrish
Market Partners
Daily Report

New intraday all-time high!

The ASX200 quickly rallied to a new intraday all-time high this morning despite a muted lead from the US markets overnight. Banks and resources rallied together to...
SZL
James Gerrish
Market Partners
Daily Report

ASX 200 closes just 25pts below all-time highs

Reporting season is now upon us and this morning we had Credit Corp (CCP) out with full year results, the stock down -6.17% on the session highlighting the volatility...
HLS
James Gerrish
Market Partners
Daily Report

Iron ore sell off not enough to hold ASX back

Momentum continues to carry the market higher with another day which saw solid intraday buying, pushing the market within 0.5% of an all-time high. Banks were the...
FMG
James Gerrish
Market Partners
Daily Report

Westpac calls RBA cash rate to 0.5% by February

The market traded to a new 10 year high today buoyed by the prospect of lower interest rates as forecast by Westpac’s well regarded Chief Economist Bill Evans. He...
Z1P
James Gerrish
Market Partners
Daily Report

Oz Minerals out with decent production numbers

A fairly upbeat sort of day for the Australian share market with a strong open backed up by reasonable buying throughout the session. The Energy sector was best on...
CPU
James Gerrish
Market Partners
Daily Report

Quiet above the surface but a few ducks paddling hard below

A fairly quiet day at the index level overall (-9 points) with the market peaking +10 points up around lunchtime before the sellers took hold. It looked like a decent...
James Gerrish
Market Partners
Daily Report

NAB gets a new CEO

The market stormed ahead to finish the week with the spurt higher, ticking around the 6700 level, near to where the ASX200 started the week helped by more dovish...
James Gerrish
Market Partners
Daily Report

CIMIC tanks on earnings miss, but is the move overdone?

The market softened again today, however, overall it was another low volume session where a lack of buying interest rather than anything more sinister saw the index...
LLC
James Gerrish
Market Partners
Daily Report

Rio softens costs guidance

There was very little volatility in the market today with the index ticking within a tight range of around 10 points either side of yesterday’s close – the lead...
NHF
RIO
James Gerrish
Market Partners
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