Daily Report
I felt like I was one of only a handful in the city today with the Easter School Holidays overlapping ANZAC Day and creating the perfect excuse to take or extend holidays. The market reflected it with the index closing flat. Gold stocks did well today on the... Show More
Daily Report
Another really strong day for Aussie stocks as traders position for further interest rate cuts locally following a weaker than expected print on inflation at 11.30am this morning…A host of investment banks along with ANZ, WBC and NAB are now calling for two rate cuts this year, the... Show More
Daily Report
The first day back on the desk following the Easter break and the market roared up through 6300 today on the back of some marginally positive leads overseas however the buying into the close on stock option expiry (a Wednesday due to ANZAC day on Thursday) implies that... Show More
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
Daily Report
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
Daily Report
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
Daily Report
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
Daily Report
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
Daily Report
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
Daily Report
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
Thanks Patrick - certainly has less teeth than it could have. From a banks perspective, Westpac should benefit most given the green light for continued vertical integration + they have a big branch network which should help them with selling mortgages. Mortgage brokers a big loser - the gravy train has stopped!
On Five minute quick-take on the Royal Commission findings -
Love the analogy of the pig and the chicken...
$10 = blue swimmer $20 = lobster $50 = pineapple $100 = avocado (it used to be a grey nurse before the new notes)
Thanks Leon - appreciate the feedback
Hi Graeme - Better to look at points in our view - in rough terms wave 1 = 400pts, wave 3 which should be biggest = 700pts and wave 5 should be similar to wave 1 (give or take) - assume 400pts from about 1100 = 1500. We don't get too hung up on exacts - more areas / zones.