Daily Report
James Gerrish

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

James Gerrish

The US market provided a good lead for stocks this morning and the market was strong early – up nearly ~60 points in the futures market before some sellers angled into the rally. Asian markets were higher as continued rumblings of an imminent trade deal bubbled away in the background... Show More

NAOS Asset Management

"Now, data is interesting but we're not really interested in it... We look at others' loyalty programs and their big data schemes and we really question the true value that’s delivered to customers...What we'd rather do is keep our business simple, focus on what matters most to customers, because it’s... Show More

Matthew Haupt

Last year I wrote about the key risks facing Australia’s major banks, focusing on APRA’s definition of “unquestionably” strong, and explained why we had lightened weightings in the banks. Here I update on our view for Livewire. In the original wire, which you can see here, I wrote: Show More

Livewire Exclusive

Financial services have been making headlines for all the wrong reasons in recent weeks. Following Rowena “Shock and” Orr’s public shellacking of the wealth management industry, AMP Limited has since lost almost its entire board of directors, as well as a big part of the executive team. The banks were... Show More

James Gerrish

A very weak session for local stocks even though the index finished flat with early optimism sold into fairly aggressively, particularly on the close despite US Futures trading higher / S&P pointing to a rise of 0.5% in the US tonight. The domestic trading desks we deal with are all... Show More

Bell Potter

Process fast-tracked, findings due by 1 February 2019: The government has announced a royal commission into the banking sector. This followed a letter released by the four major banks earlier today highlighting the need for certainty and the imperative to restore confidence in the sector. Show More

Mathan Somasundaram

Local market had another positive day driven by resources and banks despite weak global sentiment. Resource were pushed up by better commodities while stronger currency drove global investors to buy into our banks. Staples, Energy and REITs were the best performers while Gold, Industrials and Utilities were the negative sectors. Show More

Today's note has the strikes I've spotted in amongst all of the results notices today, plus the outcomes at Bank of Queensland and Northern Star Resources. You'll find today's note at this link and it was written after markets closed today so will be updated on Thursday for any WA... Show More

UBS Asset Management

The environment for equity investing has become a little more challenging in recent months in the wake of developments such as Brexit and the Trump presidency. Rising longer term interest rates (bond yields) and the risk of higher inflation in developed economies (fiscal policy returning to the fore?) has seen... Show More

UBS Asset Management

Earlier this week, Standard & Poor's (S&P) placed the entire Australian banking system on Negative Outlook. This implies that there is a one-in-three chance 25 Australian Banks' credit ratings may be downgraded within the next 2 years. S&P cited the continuing strength in property prices increases the risk of a... Show More