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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

Tax loss selling is already gaining momentum

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....
NUF
RIO
+1
James Gerrish
Market Matters
Daily Report

Markets edge higher, but not convincingly so

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 ...
APT
James Gerrish
Market Matters
Daily Report

The rally runs out of puff

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...
James Gerrish
Market Matters
Daily Report

RBA acts for the first time in 33 months – cuts rates

A choppy session for the ASX today as traders positioned ahead of the RBA rates decision at 2.30pm this afternoon, with Philip Lowe & the board ending the longest...
CCL
James Gerrish
Market Matters
Daily Report

Sustained selling sees the ASX close on the lows ahead of RBA decision tomorrow

The weakness across the market persisted again today with the ASX 200 testing and breaking through support and closing on the lows of the session – hard to find a...
BLD
James Gerrish
Market Matters
Daily Report

Sell in May & go away – not this year!

The US market closed marginally higher overnight, however, before our market opened this morning Mr Trump outlined plans to impose a 5% tariff on Mexican goods until...
James Gerrish
Market Matters
Daily Report

Resources & real estate lead ASX lower today

Another day of weakness for Aussie stocks with the market trading down on open and chopping around for most of the session – the market ticking around the 6400 region...
James Gerrish
Market Matters
Daily Report

Sellers dominate following soft leads

The market traded lower today thanks to weakness from overseas markets last night and again during our time zone today, however despite the day being dominated by...
DOW
MGR
James Gerrish
Market Matters
Daily Report

Buyers re-emerge as Iron Ore continues to run

With no overseas lead to key off this morning, local stocks were muted from the outset however continued strength in the Iron Ore price and reasonable buying through...
APX
+6
James Gerrish
Market Matters
Daily Report

ASX muted ahead of US & UK days off

A very subdued day was seen on the ASX200 ahead of holidays in the UK & US which will see the financial markets of both countries closed tonight. The index moved...
SUN
James Gerrish
Market Matters
Daily Report

Trade concerns force some profit taking

The local market sold off on the open today and struggled to stage any kind of meaningful recovery as the session rolled on. Trade tensions simmering was seen as the...
James Gerrish
Market Matters
Daily Report

ASX comes off the boil after a stellar run

The ASX came off the boil today after a very strong 6 day advance which saw the market rally from a 6203 low to a high yesterday of the 6510 – a 307pt unabated run up...
CSR
James Gerrish
Market Matters
Daily Report

Local market grinds higher but financial services are left behind

The ASX was looking strong again today, staging a recovery from early lows to trade higher for the 6thsession running – the ASX200 is now up 271pts since the close on...
AMP
James Gerrish
Market Matters
Daily Report

APRA & the RBA help the local market shrug soft leads

A second day of good news for the Australian banks as APRA to reduce lending requirements on new mortgages to better reflect the low interest rate environment. The...
HLS
James Gerrish
Market Matters
Daily Report

What a day to own the banks!

A huge day for some areas of the Australian market today, particularly the banking stocks and the private health insurers as they were aggressively singled out as net...
NHF
James Gerrish
Market Matters
Daily Report

Resources remain in vogue at the expense of the banks

A bullish open for the local market this morning as traders pushed stocks sharply higher into an early top just below 6400, however that was the best of it as sellers...
BHP
James Gerrish
Market Matters
Daily Report

Rate cut on the way – markets rally

The Aussie market latched onto the ‘lower interest rate’ trade today, and rallied strongly after the employment data dropped at 11.30am – the buying intensified into...
James Gerrish
Market Matters
Daily Report

Energy & Resources push the market higher

Stocks recovered most of the losses incurred the prior session today – Energy and Resources the main game in town however the buying was very broad based with all...
CYB
RIO
James Gerrish
Market Matters
Daily Report

Markets down but rally from lows

US markets were hit hard overnight, the Dow Jones down ~700pts at the worst while the tech stocks were hit harder – the Nasdaq down nearly ~3.50% on the session thanks...
FMG
James Gerrish
Market Matters
Daily Report

CBA drags market into the red

Another fairly busy session today with weakness in US Futures before our open this morning thanks to Trump’s tweets over the weekend ensuring we opened on the back...
LLC
REA
+1
James Gerrish
Market Matters
Daily Report

Markets ignore trade tariffs and edge higher

Another busy week in the markets wrapped up on a positive note despite the US this afternoon imposing an increased 25% tariff on about $200 billion of Chinese goods,...
ABC
GNC
+4
James Gerrish
Market Matters
Daily Report

Lithium sector starts to heat up

A short note this afternoon after a busy day on the desk + I’m down a couple of foot soldiers today… the ASX had a reasonable session particularly considering the...
ORE
ORI
James Gerrish
Market Matters
Daily Report

ACCC says no to TPG tie up – it seems

The Trump / China trade hangover lingered over the market this morning and we’d expect that theme to continue for the remainder of the week, however it wasn’t all...
CSR
HUB
TLS
+3
James Gerrish
Market Matters
Daily Report

RBA snubs weak inflation & sits tight for 33rd straight meeting

After 32 months of inaction by the RBA they stayed true to form today, and did nothing for the 33rd time deciding to put more weight behind strength in the employment...
FMG
GNC
James Gerrish
Market Matters
Daily Report

Trump tests China on trade – markets react

A weak session today for the local market with the index down ~90pts at its worst thanks to Trumps tweets around China / US Trade… China responded saying they are...
FMG
MQG
+1
James Gerrish
Market Matters
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